Vertiv Holdings Co

For the period ended Dec 31, 2025. Filed Feb 13, 2026.

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.

FY2025 · Filed Feb 13, 2026

VRT$194.22-3.1%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Consolidated Statements of Earnings (Loss)

(Dollars in millions except for per share data)

	Year Ended December 31,
	2025	2024	2023
Net sales
Net sales - products	$8,390.6	$6,393.5	$5,406.1
Net sales - services	1,839.3	1,618.3	1,457.1
Net sales	10,229.9	8,011.8	6,863.2
Costs and expenses
Cost of sales - products	5,447.2	4,099.4	3,575.7
Cost of sales - services	1,067.5	978.2	887.0
Cost of sales	6,514.7	5,077.6	4,462.7
Operating expenses
Selling, general and administrative expenses	1,617.8	1,374.0	1,312.3
Amortization of intangibles	200.4	184.2	181.3
Restructuring costs	54.5	5.3	28.6
Foreign currency (gain) loss, net	12.0	9.3	16.0
Other operating expense (income)	0.8	(6.0)	(9.9)
Operating profit (loss)	1,829.7	1,367.4	872.2
Interest expense, net	86.1	150.4	180.1
Loss on extinguishment of debt	1.7	2.4	0.5
Change in fair value of warrant liabilities	—	449.2	157.9
Income (loss) before income taxes	1,741.9	765.4	533.7
Income tax expense	409.1	269.6	73.5
Net income (loss)	$1,332.8	$495.8	$460.2
Earnings (loss) per share:
Basic	$3.49	$1.32	$1.21
Diluted	$3.41	$1.28	$1.19
Weighted-average shares outstanding
Basic	381,712,181	376,418,933	380,144,059
Diluted	390,652,824	386,325,058	386,226,267

ContentsView on SEC.gov

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