Vertiv Holdings Co
For the period ended Sep 30, 2025. Filed Oct 22, 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 Oct 22, 2025
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Changes in Shareholders’ Equity (Deficit)
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY (DEFICIT)
| Common Share Capital | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Shares · Amount · Additional Paid-in Capital · Retained Earnings · Accumulated Other Comprehensive Income (Loss) · Total | |||||||||
| Balance at December 31, 2024 | 380,703,974 | $— | $2,821.4 | $(238.3) | $(148.8) | $2,434.3 | |||
| Net income (loss) | — | — | 164.5 | — | 164.5 | ||||
| Exercise of employee stock options | 109,017 | — | 1.3 | — | — | 1.3 | |||
| Stock-based compensation activity, net of shares withheld for tax(1) | 169,340 | — | 4.5 | — | — | 4.5 | |||
| Employee 401K match with Vertiv stock | 18,813 | — | 2.4 | — | — | 2.4 | |||
| Dividend | — | — | — | (14.2) | — | (14.2) | |||
| Other comprehensive income (loss), net of tax | — | — | — | — | 73.6 | 73.6 | |||
| Balance at March 31, 2025 | 381,001,144 | $— | $2,829.6 | $(88.0) | $(75.2) | $2,666.4 | |||
| Net income (loss) | — | — | 324.2 | — | 324.2 | ||||
| Exercise of employee stock options | 733,437 | — | 11.7 | — | — | 11.7 | |||
| Stock-based compensation activity, net of shares withheld for tax(2) | 7,784 | — | 13.0 | — | — | 13.0 | |||
| Employee 401K match with Vertiv stock | 61,463 | — | 3.9 | — | — | 3.9 | |||
| Dividend | — | — | — | (14.2) | — | (14.2) | |||
| Other comprehensive income (loss), net of tax | — | — | — | — | 120.4 | 120.4 | |||
| Balance at June 30, 2025 | 381,803,828 | $— | $2,858.2 | $222.0 | $45.2 | $3,125.4 | |||
| Net income (loss) | — | — | — | 398.5 | — | 398.5 | |||
| Exercise of employee stock options | 415,849 | — | 9.0 | — | — | 9.0 | |||
| Stock-based compensation activity, net of shares withheld for tax(3) | 16,106 | — | 13.2 | — | — | 13.2 | |||
| Employee 401K match with Vertiv stock | 23,025 | — | 2.8 | — | — | 2.8 | |||
| Dividend | — | — | — | (14.2) | — | (14.2) | |||
| Other comprehensive income (loss), net of tax | — | — | — | — | (26.0) | (26.0) | |||
| Balance at September 30, 2025 | 382,258,808 | $— | $2,883.2 | $606.3 | $19.2 | $3,508.7 | |||
(1)Net stock compensation activity includes 239,098 vested shares offset by 69,758 shares withheld for taxes valued at $6.7 and stock-based compensation of $11.2.
(2)Net stock compensation activity includes 12,562 vested shares offset by 4,778 shares withheld for taxes valued at $0.3 and stock-based compensation of $13.3.
(3)Net stock compensation activity includes 24,519 vested shares offset by 8,413 shares withheld for taxes valued at $1.0 and stock-based compensation of $14.2.
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY (DEFICIT)
| Common Share Capital · Treasury Share Capital | ||||||||
|---|---|---|---|---|---|---|---|---|
| Shares | Amount | Treasury Stock | Amount | Additional Paid-in Capital | Retained Earnings | Accumulated Other Comprehensive Income (Loss) | Total | |
| Balance at December 31, 2023 | 381,788,876 | $— | — | $— | $2,711.3 | $(691.9) | $(4.5) | $2,014.9 |
| Net income (loss) | — | — | — | — | — | (5.9) | — | (5.9) |
| Exercise of employee stock options | 1,109,113 | — | — | — | 14.4 | — | — | 14.4 |
| Stock-based compensation activity, net of withholding for tax(1) | 102,833 | — | — | — | 17.3 | — | — | 17.3 |
| Employee 401K match with Vertiv stock | 44,968 | — | — | — | 2.2 | — | — | 2.2 |
| Dividend | — | — | — | — | — | (9.3) | — | (9.3) |
| Repurchase of common stock | (9,076,444) | — | 9,076,444 | (605.9) | — | — | — | (605.9) |
| Other comprehensive income (loss), net of tax | — | — | — | — | — | — | (34.3) | (34.3) |
| Balance at March 31, 2024 | 373,969,346 | $— | 9,076,444 | $(605.9) | $2,745.2 | $(707.1) | $(38.8) | $1,393.4 |
| Net income (loss) | — | — | — | — | — | 178.1 | — | 178.1 |
| Exercise of employee stock options | 693,261 | — | — | — | 9.2 | — | — | 9.2 |
| Stock-based compensation, net of shares withheld for tax(2) | 412,459 | — | — | — | (10.7) | — | — | (10.7) |
| Employee 401K match with Vertiv stock | 38,061 | — | — | — | 3.2 | — | — | 3.2 |
| Dividend | — | — | — | — | — | (9.4) | — | (9.4) |
| Retirement of treasury stock | — | — | (9,076,444) | 605.9 | (605.9) | — | — | — |
| Other comprehensive income (loss), net of tax | — | — | — | — | — | — | (26.3) | (26.3) |
| Balance at June 30, 2024 | 375,113,127 | $— | — | $— | $2,141.0 | $(538.4) | $(65.1) | $1,537.5 |
| Net income (loss) | — | — | — | — | — | 176.6 | — | 176.6 |
| Exercise of employee stock options | 100,303 | — | — | — | 1.4 | — | — | 1.4 |
| Stock-based compensation, net of shares withheld for tax(3) | 10,299 | — | — | — | 7.0 | — | — | 7.0 |
| Employee 401K match with Vertiv stock | 26,024 | — | — | — | 2.4 | — | — | 2.4 |
| Dividend | — | — | — | — | — | (9.4) | — | (9.4) |
| Other comprehensive income (loss), net of tax | — | — | — | — | — | — | 98.2 | 98.2 |
| Balance at September 30, 2024 | 375,249,753 | $— | — | $— | $2,151.8 | $(371.2) | $33.1 | $1,813.7 |
(1)Net stock compensation activity includes 146,095 vested shares offset by 43,262 shares withheld for taxes valued at $3.0, stock-based compensation of $9.2, and employee incentive compensation of $11.1 awarded in fully vested shares.
(2)Net stock compensation activity includes 606,060 vested shares offset by 193,601 shares withheld for taxes valued at $18.1, stock-based compensation of $8.5, and forfeitures in employee incentive compensation of $1.1.
(3)Net stock compensation activity includes 15,583 vested shares offset by 5,284 shares withheld for taxes valued at $0.4, stock-based compensation of $8.1 and forfeitures in employee incentive compensation of $0.7.
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