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Medline Inc.

For the period ended Sep 26, 2026. Filed Nov 4, 2026.

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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.

Sep 26, 2026 · Filed Nov 4, 2026

MDLN$39.64-0.3%Stored close · as of Nov 6, 2026
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

(Mark One)

☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended September 26, 2026

OR

☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from ___________ to ___________

Commission File Number:001-43022

Medline Inc.

(Exact name of registrant as specified in its charter)

Delaware33-1845288
(State or other jurisdiction ofincorporation or organization)(I.R.S. EmployerIdentification No.)
3 Lakes DriveNorthfield, Illinois60093
(Address of principal executive offices)(Zip Code)

(847) 949 5500

(Registrant’s telephone number, including area code)

N/A

(Former name, former address and former fiscal year, if changed since last report)

Securities registered pursuant to Section 12(b) of the Act:

Title of each classTrading Symbol(s)Name of each exchange on which registered
Class A common stock, par value $0.0001 per shareMDLNNasdaq Global Select Market

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.

Yes ☒No☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).

Yes ☒No☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and "emerging growth company" in Rule 12b-2 of the Exchange Act.

Large accelerated filer☐Accelerated filer☐
Non-accelerated filer☒Smaller reporting company☐
Emerging growth company☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).

Yes☐No☒

As of November 2, 2026, there were 878,657,055 shares of the registrant’s Class A common stock and 436,664,379 shares of the registrant’s Class B common stock outstanding.

TABLE OF CONTENTS

Item · Page
Cautionary Note Regarding Forward-Looking Statements2
Certain Definitions4
PART I—FINANCIAL INFORMATION
1.Financial Statements (Unaudited)6
Condensed Consolidated Balance Sheets7
Condensed Consolidated Statements of Comprehensive Income8
Condensed Consolidated Statements of Stockholders' Equity, Mezzanine Equity and Partners’ Capital9
Condensed Consolidated Statements of Cash Flows11
Notes to Condensed Consolidated Financial Statements13
2.Management's Discussion and Analysis of Financial Condition and Results of Operations42
3.Quantitative and Qualitative Disclosures About Market Risk58
4.Controls and Procedures58
PART II—OTHER INFORMATION
1.Legal Proceedings59
1A.Risk Factors59
2.Unregistered Sales of Equity Securities and Use of Proceeds59
3.Defaults Upon Senior Securities59
4.Mine Safety Disclosures59
5.Other Information60
6.Exhibits61
Signatures62
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.