Forgent Power Solutions, Inc.
For the period ended Mar 31, 2026. Filed May 14, 2026.
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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.
Mar 31, 2026 · Filed May 14, 2026
FPS$21.48-5.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)
| Nine Months EndedMarch 31, | ||
|---|---|---|
| 2026 | 2025 | |
| Cash Flows from Operating Activities | ||
| Net income | $39,940 | $22,207 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation and amortization | 50,406 | 49,775 |
| Amortization / write off of discounts and deferred financing costs | 11,682 | 1,955 |
| Deferred taxes | 3,646 | (2,909) |
| Provision (recovery) for credit losses | 1,552 | (446) |
| Provision for slowing-moving and excess inventory | 3,898 | 353 |
| Equity-based compensation | 5,544 | 1,272 |
| Reduction in carrying amount of ROU asset, operating leases | 6,990 | 6,037 |
| Changes in assets and liabilities: | ||
| Accounts receivable | (116,174) | (49,811) |
| Inventory | (65,817) | (26,689) |
| Prepaid and other assets | (3,987) | (16,044) |
| Accounts payable | 42,750 | 24,717 |
| Accrued expenses | 37,071 | 8,689 |
| Deferred revenue | 22,619 | 34,823 |
| Lease liabilities, operating leases | (4,940) | (1,698) |
| Net Cash Provided by Operating Activities | 35,180 | 52,231 |
| Cash Flows from Investing Activities | ||
| Purchases of property and equipment | (84,604) | (43,088) |
| Net Cash Used in Investing Activities | (84,604) | (43,088) |
| Cash Flows from Financing Activities | ||
| Proceeds from issuance of Class A common stock sold in an IPO, net of underwriting discounts and commissions | 491,833 | — |
| Purchase of OpCo LLC Interests from Existing Shareholders with proceeds from IPO | (491,833) | — |
| Proceeds from issuance of Class A common stock sold in follow-on offering, net of underwriting discounts and commissions | 308,561 | — |
| Purchase of OpCo LLC Interests from Existing Shareholders with proceeds from follow-on offering | (308,561) | — |
| Proceeds from long-term debt | 594,000 | — |
| Payments on long-term debt | (511,110) | (3,879) |
| Debt financing costs | (11,757) | — |
| Distribution to member | (1,440) | — |
| Payment of payable pursuant to the acquisitions | (16,145) | (13,066) |
| Deferred offering costs | (21,615) | (3,310) |
| Net Cash Provided by (Used in) Financing Activities | 31,933 | (20,255) |
| Net Decrease in Cash and Cash Equivalents | (17,491) | (11,112) |
| Cash and Cash Equivalents - Beginning of Period | 111,322 | 186,396 |
| Cash and Cash Equivalents - End of Period | $93,831 | $175,284 |
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) (continued)
| Nine Months EndedMarch 31, | ||
|---|---|---|
| 2026 | 2025 | |
| Supplemental Cash Flows Information: | ||
| Cash paid for interest | $34,525 | $42,431 |
| Cash paid for taxes | $1,960 | $1,879 |
| Non-cash financing activities: | ||
| Recording of deferred tax assets related to exchanges of Class B common stock to Class A common stock | $196,324 | $— |
| Recording of amounts payable pursuant to tax receivable agreement | $207,286 | $— |
| Capital contribution related to tax receivable agreement exchanges of Class B common stock to Class A common stock | $8,647 | $— |
| Reclassification of deferred offering costs to additional paid-in capital | $4,472 | $— |
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