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Mirion Technologies Inc

For the period ended Dec 31, 2024. Filed Feb 26, 2025.

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About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2024 · Filed Feb 26, 2025

MIR$17.97+4.9%Stored close · as of Nov 6, 2026
See the whole filing, with its images and exhibits

Table of Content

TABLE OF CONTENTS

Page
PART I7
ITEM 1. BUSINESS7
ITEM 1A. RISK FACTORS20
ITEM 1B. UNRESOLVED STAFF COMMENTS31
ITEM 1C. CYBERSECURITY31
ITEM 2. PROPERTIES31
ITEM 3. LEGAL PROCEEDINGS32
ITEM 4. MINE SAFETY DISCLOSURES32
PART II33
ITEM 5. MARKET FOR REGISTRANT'S COMMON EQUITY, RELATED SHAREHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES33
ITEM 6. [ RESERVED ]34
ITEM 7. MANAGEMENT'S DISCUSSION AND ANALYSIS35
ITEM 7A. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK59
ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA60
Report of Independent Registered Public Accounting Firm61
Consolidated Balance Sheets63
Consolidated Statements of Operations64
Consolidated Statements of Comprehensive Loss65
Consolidated Statements of Stockholders' Equity66
Consolidated Statements of Cash Flows68
Notes to Financial Statements69
Note 1. Nature of Business and Summary of Significant Accounting Policies69
Note 2. Business Combinations, Acquisitions, and Business Disposals81
Note 3. Contracts in Progress82
Note 4. Inventories83
Note 5. Property, Plant, and Equipment, Net83
Note 6. Accrued Expenses and Other Current Liabilities84
Note 7. Goodwill and Intangible Assets84
Note 8. Borrowings88
Note 9. Leased Assets90
Note 10. Commitments and Contingencies92
Note 11. Income Taxes93
Note 12. Supplemental Disclosures to Consolidated Statements of Cash Flows97
Note 13. Employee Benefit Plans97
Note 14. Stock-Based Compensation98
Note 15. Related-Party Transactions101
Note 16. Segment Information102
Note 17. Fair Value Measurements106
Note 18. Derivatives and Hedging107
Note 19. Loss Per Share109
Note 20. Restructuring110
Note 21. Noncontrolling Interests112
Note 22. Accumulated Other Comprehensive Loss113
Note 23. Subsequent Events113
ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURES114
ITEM 9A. CONTROLS AND PROCEDURES114
ITEM 9B. OTHER INFORMATION116
ITEM 9C. DISCLOSURE REGARDING FOREIGN JURISDICTION THAT PREVENTS INSPECTIONS116
PART III117
ITEM 10. DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE117
ITEM 11. EXECUTIVE COMPENSATION117
ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNER AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS117
ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE117
ITEM 14. PRINCIPAL ACCOUNTING FEES AND SERVICES117
PART IV118
ITEM 15. EXHIBITS, FINANCIAL STATEMENT SCHEDULES118
SIGNATURES125

CERTAIN DEFINED TERMS

Unless the context otherwise requires, all references in this Annual Report on Form 10-K to “Mirion,” the “Company,” “we,” “us” or “our” refer to Mirion Technologies, Inc.

Unless otherwise stated in this Annual Report on Form 10-K or the context otherwise requires, references to:

“ASC” are to the Accounting Standards Codification;

“Board” and “Board of Directors” are to the board of directors of Mirion Technologies, Inc.

“Bylaws” are to the bylaws of Mirion Technologies, Inc. in effect as of the date of this Annual Report on Form 10-K;

“Charter” are to the certificate of incorporation of Mirion Technologies, Inc. in effect as of the date of this Annual Report on Form 10-K;

“Class A common stock” are to shares of Mirion’s common stock, par value $0.0001 per share;

“Class B common stock” are to shares of Mirion’s common stock, par value $0.0001 per share;

"Closing Date" are to GS Acquisition Holdings Corp II or "GSAH" renamed to Mirion Technologies.

“Common stock” are to the Class A common stock and Class B common stock;

“DGCL” are to the General Corporation Law of the State of Delaware;

“Exchange Act” are to the Securities Exchange Act of 1934, as amended;

“Founder shares” are to the Founder Shares (as defined under Note 15, Related Party Transactions, in the notes to the financial statements included in this Annual Report on Form 10-K);

“IntermediateCo” are to Mirion IntermediateCo, Inc., a Delaware corporation direct subsidiary of Mirion;

“IntermediateCo Class A common stock” are to the shares of Class A common stock of IntermediateCo, par value $0.0001 per share;

“IntermediateCo Class B common stock” are to the shares of Class B common stock of IntermediateCo, par value $0.0001 per share;

“Private placement warrants” are to the Private Placement Warrants (as defined under Note 15, Related-Party Transactions in the notes to the financial statements included in this Annual Report on Form 10-K);

“Public warrants” are to the Public Warrants (as defined under Note 15, Related-Party Transactions, in the notes to the financial statements included in this Annual Report on Form 10-K);

“Sarbanes-Oxley Act” are to the Sarbanes-Oxley Act of 2002;

“Securities Act” are to the Securities Act of 1933, as amended;

“Sponsor” are to GS Sponsor II LLC, a Delaware limited liability company;

“Sponsor Agreement” are to the Second Amended and Restated Sponsor Agreement, dated as of October 20, 2021, by and among us, the Sponsor and the other parties thereto; and

“Warrants” are to the public warrants and private placement warrants.

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.