WillScot Holdings Corp
For the period ended Sep 30, 2025. Filed Nov 6, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2025 · Filed Nov 6, 2025
WSC$19.89-3.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 1. Financial Statements
Condensed Consolidated Balance Sheets
| (in thousands, except share amounts) | September 30, 2025 (unaudited) | December 31, 2024 |
|---|---|---|
| Assets | ||
| Cash and cash equivalents | $14,757 | $9,001 |
| Trade receivables, net of allowances for credit losses at September 30, 2025 and December 31, 2024 of $74,325 and $101,693, respectively | 403,679 | 430,381 |
| Inventories | 43,452 | 47,473 |
| Prepaid expenses and other current assets | 57,298 | 67,751 |
| Assets held for sale | 1,159 | 2,904 |
| Total current assets | 520,345 | 557,510 |
| Rental equipment, net | 3,412,440 | 3,377,939 |
| Property, plant and equipment, net | 374,052 | 363,073 |
| Operating lease assets | 292,557 | 266,761 |
| Goodwill | 1,257,006 | 1,201,353 |
| Intangible assets, net | 235,261 | 251,164 |
| Other non-current assets | 13,008 | 17,111 |
| Total long-term assets | 5,584,324 | 5,477,401 |
| Total assets | $6,104,669 | $6,034,911 |
| Liabilities and equity | ||
| Accounts payable | $108,800 | $96,597 |
| Accrued expenses | 171,082 | 121,583 |
| Accrued employee benefits | 32,865 | 25,062 |
| Deferred revenue and customer deposits | 248,302 | 250,790 |
| Operating lease liabilities – current | 71,333 | 66,378 |
| Current portion of long-term debt | 27,437 | 24,598 |
| Total current liabilities | 659,819 | 585,008 |
| Long-term debt | 3,590,015 | 3,683,502 |
| Deferred tax liabilities | 526,884 | 505,913 |
| Operating lease liabilities - non-current | 221,409 | 200,875 |
| Other non-current liabilities | 46,472 | 41,020 |
| Long-term liabilities | 4,384,780 | 4,431,310 |
| Total liabilities | 5,044,599 | 5,016,318 |
| Preferred Stock: $0.0001 par, 1,000,000 shares authorized and zero shares issued and outstanding at September 30, 2025 and December 31, 2024 | — | — |
| Common Stock: $0.0001 par, 500,000,000 shares authorized and 181,941,675 and 183,564,899 shares issued and outstanding at September 30, 2025 and December 31, 2024, respectively | 19 | 19 |
| Additional paid-in-capital | 1,745,472 | 1,836,165 |
| Accumulated other comprehensive loss | (72,783) | (70,627) |
| Accumulated deficit | (612,638) | (746,964) |
| Total shareholders' equity | 1,060,070 | 1,018,593 |
| Total liabilities and shareholders' equity | $6,104,669 | $6,034,911 |
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