Vertiv Holdings Co
For the period ended Dec 31, 2025. Filed Feb 13, 2026.
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FY2025 · Filed Feb 13, 2026
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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 (Loss) Income | Total | |
| Balance as of December 31, 2022 | 377,368,837 | $— | — | $— | $2,630.7 | $(1,142.6) | $(46.2) | $1,441.9 |
| Net income (loss) | — | — | — | — | — | 460.2 | — | 460.2 |
| Exercise of employee stock options | 2,122,710 | — | — | — | 27.4 | — | — | 27.4 |
| Stock-based compensation activity, net of withholdings for tax(1) | 420,170 | — | — | — | 21.7 | — | — | 21.7 |
| Employee 401K match with Vertiv stock | 508,965 | — | — | — | 9.9 | — | — | 9.9 |
| Exercise of warrants(2) | 1,368,194 | — | — | — | 21.6 | — | — | 21.6 |
| Dividend payment | — | — | — | — | — | (9.5) | — | (9.5) |
| Other comprehensive income (loss), net of tax | — | — | — | — | — | — | 41.7 | 41.7 |
| Balance at December 31, 2023 | 381,788,876 | $— | — | $— | $2,711.3 | $(691.9) | $(4.5) | $2,014.9 |
| Net income (loss) | — | — | — | — | — | 495.8 | — | 495.8 |
| Exercise of employee stock options | 2,509,946 | — | — | — | 33.0 | — | — | 33.0 |
| Stock-based compensation activity, net of withholdings for tax(3) | 532,821 | — | — | — | 22.1 | — | — | 22.1 |
| Employee 401K match with Vertiv stock | 136,254 | — | — | — | 10.7 | — | — | 10.7 |
| Dividend payment | — | — | — | — | — | (42.2) | — | (42.2) |
| Repurchase of common stock(4) | (9,076,444) | — | 9,076,444 | (605.9) | 6.0 | — | — | (599.9) |
| Retirement of common stock | — | — | (9,076,444) | 605.9 | (605.9) | — | — | — |
| Exercise of warrants(5) | 4,812,521 | — | — | — | 644.2 | — | — | 644.2 |
| Other comprehensive income (loss), net of tax | — | — | — | — | — | — | (144.3) | (144.3) |
| Balance at December 31, 2024 | 380,703,974 | $— | — | — | $2,821.4 | $(238.3) | $(148.8) | $2,434.3 |
| Net Income (loss) | — | — | — | — | — | 1,332.8 | — | 1,332.8 |
| Exercise of employee stock options | 1,494,424 | — | — | — | 26.4 | — | — | 26.4 |
| Stock-based compensation activity, net of withholdings for tax(6) | 231,379 | — | — | — | 34.7 | — | — | 34.7 |
| Employee 401K match with Vertiv stock | 123,903 | — | — | — | 12.7 | — | — | 12.7 |
| Dividend payments | — | — | — | — | — | (66.6) | — | (66.6) |
| Other comprehensive income (loss), net of tax | — | — | — | — | — | — | 167.0 | 167.0 |
| Balance at December 31, 2025 | 382,553,680 | $— | — | $— | $2,895.2 | $1,027.9 | $18.2 | $3,941.3 |
(1)Net stock compensation activity includes 635,663 vested shares offset by 215,493 shares withheld for taxes valued at $3.3 and stock-based compensation of $25.0.
(2)On February 24, 2023, GS Sponsor LLC elected to exercise 5,266,666 warrants on a cashless basis pursuant to the agreement governing the warrants, in exchange for which the Company issued 1,368,194 shares of Class A common stock.
(3)Net stock compensation activity includes 778,510 of vested shares offset by 245,689 shares withheld for taxes valued at $21.9, and stock-based compensation of $34.6 and employee incentive compensation of $9.4 awarded in fully vested shares.
(4)Repurchase of common stock activity includes common stock valued at $599.9 and a 1% excise tax accrual of $6.0. Accrual was subsequently reversed due to fair value of common stock issued in 2024 exceeding the value of common stock repurchased.
(5)On December 6, 2024, Cote SPAC I LLC elected to exercise 5,266,667 warrants on a cashless basis pursuant to the agreement governing the warrants, in exchange for which the Company issued 4,812,521 shares of Class A common stock.
(6)Net stock compensation activity includes 330,510 of vested shared offset by 99,131 shares withheld for taxes valued at $11.2, and stock-based compensation of $45.9.
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