Perimeter Solutions, Inc.

For the period ended Jun 30, 2026. Filed Jul 31, 2026.

About this filing

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.

Jun 30, 2026 · Filed Jul 31, 2026

PRM$31.58+7.1%Stored close · as of Nov 9, 2026

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Contents

. Segment Information

SEGMENT INFORMATION

The Company’s products and operations are managed and reported intwo operating segments: Fire Safety and Specialty Products. The Fire Safety segment provides fire retardants and fire suppressants, as well as specialized equipment and services typically offered in conjunction with its products. The Specialty Products segment includes operations that develop, produce and market products for non-fire safety markets.

The chief operating decision-maker (“CODM”) is the Company’s CEO. The CODM uses Segment Adjusted EBITDA for each segment predominantly in the annual budget and forecasting process. The CODM considers budget/forecast-to-actual variances on a quarterly basis when making decisions about the allocation of operating and capital resources to each segment.

Segment Adjusted EBITDA is defined as income (loss) before income taxes plus net interest and other financing expenses, and depreciation and amortization, adjusted on a consistent basis for certain non-recurring, unusual or non-operational items. These items include (i) restructuring, (ii) acquisition related costs, (iii) founder advisory fee expenses, (iv) stock-based compensation expense, (v) purchase accounting impact - inventory step up and (vi) foreign currency loss (gain).

Interest income, interest expense, other income (expense) and certain corporate operating expenses are not included in the measures of segment performance reviewed by the CODM. The corporate category is not considered to be a segment.

Information related to net sales, Segment Adjusted EBITDA, depreciation and amortization, purchases of property and equipment, and purchases of intangible assets are summarized below:

	Three Months Ended June 30, 2026
In Thousands · Fire Safety · Specialty Products · Total
Net sales:
Product	$94,009	$84,556		$178,565
Services and others	35,084	161		35,245
Total net sales	$129,093	$84,717		$213,810
Less:
Adjusted cost of goods sold	$41,889	$45,281		$87,170
Adjusted selling, general and administrative expense	8,445	12,605		21,050
Segment Adjusted EBITDA	$78,759	$26,831		$105,590
Less:
Depreciation and amortization			28,908
Interest and financing expense			19,593
Founders advisory fees - related party			266,255
Non-recurring expenses			2,543
Acquisition costs			3,558
Stock-based compensation expense			2,892
Purchase accounting impact - inventory step up			4,480
Foreign currency gain			(1,203)
Loss before income taxes			$(221,436)
Depreciation and amortization	$14,258	$14,650		$28,908
Purchases of property and equipment	$6,939	$5,786		$12,725

	Three Months Ended June 30, 2025
In Thousands · Fire Safety · Specialty Products · Total
Net sales:
Product	$88,543	$42,230		$130,773
Services and others	31,741	125		31,866
Total net sales	$120,284	$42,355		$162,639
Less:
Adjusted cost of goods sold	$33,632	$24,367		$57,999
Adjusted selling, general and administrative expense	8,993	4,309		13,302
Segment Adjusted EBITDA	$77,659	$13,679		$91,338
Less:
Depreciation and amortization			17,924
Interest and financing expense			9,930
Founders advisory fees - related party			96,883
Non-recurring expenses			40
Acquisition costs			267
Stock-based compensation expense			2,238
Foreign currency gain			(2,096)
Loss before income taxes			$(33,848)
Depreciation and amortization	$13,620	$4,304		$17,924
Purchases of property and equipment	$10,409	$2,355		$12,764
Purchase of intangible assets	$15,226	$—		$15,226

	Six Months Ended June 30, 2026
In Thousands · Fire Safety · Specialty Products · Total
Net sales:
Product	$137,051	$164,081		$301,132
Services and others	37,486	261		37,747
Total net sales	$174,537	$164,342		$338,879
Less:
Adjusted cost of goods sold	$61,084	$90,570		$151,654
Adjusted selling, general and administrative expense	16,003	24,473		40,476
Segment Adjusted EBITDA	$97,450	$49,299		$146,749
Less:
Depreciation and amortization			56,047
Interest and financing expense			43,949
Founders advisory fees - related party			189,877
Non-recurring expenses			2,934
Acquisition costs			12,526
Stock-based compensation expense			5,490
Purchase accounting impact - inventory step up			10,070
Foreign currency gain			(2,554)
Loss before income taxes			$(171,590)
Depreciation and amortization	$28,750	$27,297		$56,047
Purchases of property and equipment	$10,327	$8,199		$18,526

	Six Months Ended June 30, 2025
In Thousands · Fire Safety · Specialty Products · Total
Net sales:
Product	$122,575	$76,914		$199,489
Services and others	34,872	308		35,180
Total net sales	$157,447	$77,222		$234,669
Less:
Adjusted cost of goods sold	$52,214	$46,987		$99,201
Adjusted selling, general and administrative expense	17,489	8,558		26,047
Segment Adjusted EBITDA	$87,744	$21,677		$109,421
Less:
Depreciation and amortization			34,817
Interest and financing expense			19,574
Founders advisory fees - related party			16,270
Non-recurring expenses			947
Acquisition costs			828
Stock-based compensation expense			4,909
Foreign currency gain			(3,255)
Income before income taxes			$35,331
Depreciation and amortization	$26,385	$8,432		$34,817
Purchases of property and equipment	$13,671	$3,906		$17,577
Purchase of intangible assets	$15,226	$—		$15,226

Total segment assets reconciled to consolidated amounts are as follows:

	June 30, 2026
In Thousands · Fire Safety · Specialty Products · Total
Segment assets	$297,258		$262,571	$559,829
Cash and cash equivalents		82,776
Goodwill		1,365,724
Customer lists, net		904,934
Technology and patents, net		195,537
Tradenames, net		123,064
Tax assets		12,894
Total consolidated assets			$3,244,758

	December 31, 2025
In Thousands · Fire Safety · Specialty Products · Total
Segment assets	$191,016		$148,192	$339,208
Cash and cash equivalents		325,927
Goodwill		1,065,211
Customer lists, net		628,189
Technology and patents, net		184,804
Tradenames, net		86,330
Tax assets		23,338
Total consolidated assets			$2,653,007

Net sales by geographical area are as follows:

	Three Months Ended June 30,		Six Months Ended June 30,
	2026	2025	2026	2025
United States	70%	71%	67%	70%
Canada	6%	13%	4%	9%
Other international sales (1)	24%	16%	29%	21%
Total net sales	100%	100%	100%	100%

(1) The Company did not have net sales in excess of 10% in any other countries for the three and six months ended June 30, 2026 and 2025.

Property, plant and equipment, net by geographical area consisted of the following:

In Thousands	June 30, 2026	December 31, 2025
United States	$88,305	$65,565
Germany	12,712	13,392
Other foreign jurisdictions	8,198	6,181
Total property, plant and equipment, net	$109,215	$85,138

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