NYSE: FPS
Forgent Power Solutions, Inc.CIK 0002080126 · Information Technology · SIC 3620 · Electrical Industrial Apparatus
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Forgent Power Solutions prices 43.7M-share IPO at $49.00/share: $695.4M net to company, $1.39B to selling stockholders
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Forgent Power Solutions prices 35M-share IPO at $29.50, raising $344.3M for the company
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Forgent refinances $600M term loan, cuts interest margins on credit facilities
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Forgent Power Solutions prices 42.3M-share IPO at $47.00: $628M to company, $1.30B to selling stockholders
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Forgent Power Solutions prices 35M-share offering at $29.50/share; company raises $332M (primary), insiders sell $700M (secondary)
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Forgent reports 103% revenue growth, record $867M bookings, raises FY2026 guidance
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Forgent Power debuts post-IPO: Q3 revenue doubles to $378.7M on data center demand
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Latest financial statements
From 10-Q filed May 14, 2026 (period ending Mar 31, 2026). SEC XBRL (companyfacts) — not generated by the model.
Consolidated Statements of Operations (Unaudited)
| Description | Q3 ended Mar 31, 2026 | Q2 ended Dec 31, 2025 |
|---|---|---|
| Revenue: | ||
| Total revenue / net sales | 378.7 | 296.4 |
| Cost of revenue / cost of sales | 247.5 | 194.6 |
| Gross profit | 131.2 | 101.8 |
| Operating expenses: | ||
| Selling, general and administrative | 78.5 | 68.1 |
| Total operating expenses | 91.9 | 81.7 |
| Operating income | 39.3 | 20.1 |
| Interest expense | 10.8 | 21.0 |
| Other income/(expense), net | (10.5) | (20.6) |
| Income before income taxes | 28.9 | (0.5) |
| Income tax expense/(benefit) | 4.4 | (0.4) |
| Net income | 18.3 | 0.2 |
Consolidated Balance Sheets (Unaudited)
| Description | Mar 31, 2026 | Dec 31, 2025 |
|---|---|---|
| Current assets: | ||
| Cash and equivalents | 93.8 | 106.2 |
| Accounts receivable, net | 274.6 | 251.0 |
| Inventories | 179.5 | 160.5 |
| Prepaid expenses and other current assets | 59.5 | 59.9 |
| Total current assets | 607.4 | 577.6 |
| Property, plant and equipment, net | 179.4 | 157.6 |
| Operating lease right-of-use assets, net | 110.8 | 113.5 |
| Finite-lived intangible assets, net | 300.3 | 312.0 |
| Goodwill | 516.6 | 516.6 |
| Deferred income taxes and other assets | 131.7 | |
| TOTAL ASSETS | 1,853 | 1,697 |
| Current liabilities: | ||
| Current portion of long-term debt | 6.0 | 4.5 |
| Accounts payable | 104.7 | 72.5 |
| Current portion of operating lease liabilities | 8.3 | 7.8 |
| Accrued liabilities | 116.6 | 106.1 |
| Income taxes payable | 15.0 | 16.2 |
| Deferred revenue, current | 133.5 | 154.9 |
| Other current liabilities | (13.9) | (15.1) |
| Total current liabilities | 370.2 | 346.9 |
| Long-term debt | 578.1 | 579.0 |
| Operating lease liabilities | 115.1 | 117.5 |
| Deferred income taxes and other liabilities | — | 64.2 |
| Other long-term liabilities | 207.3 | — |
| Total liabilities | 1,271 | 1,108 |
| Shareholders' equity: | ||
| Capital in excess of stated value | 420.5 | |
| Retained earnings (deficit) | 26.0 | |
| Total shareholders' equity | 446.5 | |
| TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY | 1,853 | 1,697 |
Consolidated Statements of Cash Flows (Unaudited)
| Description | Nine months ended Mar 31, 2026 | Six months ended Dec 31, 2025 |
|---|---|---|
| Operating Activities: | ||
| Net cash from operating activities | 35.2 | 6.0 |
| Investing Activities: | ||
| Net cash from investing activities | (84.6) | (56.4) |
| Financing Activities: | ||
| Net cash from financing activities | 31.9 | 45.2 |
| Net increase/(decrease) in cash | (17.5) | (5.2) |
Amounts in millions USD; EPS as reported. Line labels are presentation-friendly mappings of filer XBRL tags — not a re-audit of the full statements. Use EDGAR for interactive notes and detail. Interactive statements & notes on EDGAR ↗