The Filings Report

APi Group Corporation

APGNYSECIK 1796209Industrials / Business Servicesfiscal year ends December31 quarters since 2019

Revenue, Q3 FY2026
$2.6B
+22.5% on Q3 FY2025
Net income
$114M
+22.6% on Q3 FY2025
Free cash flow
$198M
−1.5% on Q3 FY2025
Diluted EPS
$0.24
+20.0% on Q3 FY2025
Revenue, TTM
$8.9B
trailing four quarters
Net margin, TTM
4.1%
net income $367M
Free cash flow, TTM
$673M
$775M less $102M capex
Cash and equivalents
$373M
long-term debt $3.2B, Sep 30, 2026
Shares, 12-month change
+2.3%
425M shares, Sep 30, 2026
Buybacks, TTM
$252M
1.3% of market value
Dividends, TTM
—
no yield
Market value
$18.9B
at the close, buybacks

Latest quarter Q3 FY2026, filed October 29, 2026. Trailing figures sum the latest four quarters. Market values at the latest close, from a market data vendor.

In Q3 FY2026, the quarter ended September 30, 2026, APi Group Corporation reported revenue of $2.6B, +22.5% on Q3 FY2025, and net income of $114M (+22.6%). Operating margin was 7.9%. Free cash flow, operating cash flow less capital expenditures, was $198M ($225M less $27M). Diluted earnings per share were $0.24.

The last 16 quarters

Q4 FY2022 to Q3 FY2026, through the filing of October 29, 2026.

Revenue and net incomeRevenueNet income
$0$1B$2B$3BQ4'22, Revenue: $1.7BQ4'22, Net income: $22MQ4'22Q1'23, Revenue: $1.6BQ1'23, Net income: $26MQ1'23Q2'23, Revenue: $1.8BQ2'23, Net income: $48MQ2'23Q3'23, Revenue: $1.8BQ3'23, Net income: $54MQ3'23Q4'23, Revenue: $1.8BQ4'23, Net income: $25MQ4'23Q1'24, Revenue: $1.6BQ1'24, Net income: $45MQ1'24Q2'24, Revenue: $1.7BQ2'24, Net income: $69MQ2'24Q3'24, Revenue: $1.8BQ3'24, Net income: $69MQ3'24Q4'24, Revenue: $1.9BQ4'24, Net income: $67MQ4'24Q1'25, Revenue: $1.7BQ1'25, Net income: $35MQ1'25Q2'25, Revenue: $2.0BQ2'25, Net income: $77MQ2'25Q3'25, Revenue: $2.1BQ3'25, Net income: $93MQ3'25Q4'25, Revenue: $2.1BQ4'25, Net income: $97MQ4'25Q1'26, Revenue: $2.0BQ1'26, Net income: $57MQ1'26Q2'26, Revenue: $2.3BQ2'26, Net income: $99MQ2'26Q3'26, Revenue: $2.6BQ3'26, Net income: $114MQ3'26$0$1B$2B$3BQ4'22, Revenue: $1.7BQ4'22, Net income: $22MQ1'23, Revenue: $1.6BQ1'23, Net income: $26MQ1'23Q2'23, Revenue: $1.8BQ2'23, Net income: $48MQ3'23, Revenue: $1.8BQ3'23, Net income: $54MQ3'23Q4'23, Revenue: $1.8BQ4'23, Net income: $25MQ1'24, Revenue: $1.6BQ1'24, Net income: $45MQ1'24Q2'24, Revenue: $1.7BQ2'24, Net income: $69MQ3'24, Revenue: $1.8BQ3'24, Net income: $69MQ3'24Q4'24, Revenue: $1.9BQ4'24, Net income: $67MQ1'25, Revenue: $1.7BQ1'25, Net income: $35MQ1'25Q2'25, Revenue: $2.0BQ2'25, Net income: $77MQ3'25, Revenue: $2.1BQ3'25, Net income: $93MQ3'25Q4'25, Revenue: $2.1BQ4'25, Net income: $97MQ1'26, Revenue: $2.0BQ1'26, Net income: $57MQ1'26Q2'26, Revenue: $2.3BQ2'26, Net income: $99MQ3'26, Revenue: $2.6BQ3'26, Net income: $114MQ3'26

Net income losses drawn in red.

Free cash flow
−$100M$0$100M$200M$300M$400MQ4'22, Free cash flow: $169MQ4'22Q1'23, Free cash flow: −$22MQ1'23Q2'23, Free cash flow: $49MQ2'23Q3'23, Free cash flow: $126MQ3'23Q4'23, Free cash flow: $275MQ4'23Q1'24, Free cash flow: −$15MQ1'24Q2'24, Free cash flow: $88MQ2'24Q3'24, Free cash flow: $198MQ3'24Q4'24, Free cash flow: $265MQ4'24Q1'25, Free cash flow: $50MQ1'25Q2'25, Free cash flow: $56MQ2'25Q3'25, Free cash flow: $201MQ3'25Q4'25, Free cash flow: $356MQ4'25Q1'26, Free cash flow: $67MQ1'26Q2'26, Free cash flow: $52MQ2'26Q3'26, Free cash flow: $198MQ3'26−$100M$0$100M$200M$300M$400MQ4'22, Free cash flow: $169MQ1'23, Free cash flow: −$22MQ1'23Q2'23, Free cash flow: $49MQ3'23, Free cash flow: $126MQ3'23Q4'23, Free cash flow: $275MQ1'24, Free cash flow: −$15MQ1'24Q2'24, Free cash flow: $88MQ3'24, Free cash flow: $198MQ3'24Q4'24, Free cash flow: $265MQ1'25, Free cash flow: $50MQ1'25Q2'25, Free cash flow: $56MQ3'25, Free cash flow: $201MQ3'25Q4'25, Free cash flow: $356MQ1'26, Free cash flow: $67MQ1'26Q2'26, Free cash flow: $52MQ3'26, Free cash flow: $198MQ3'26

Operating cash flow less capital expenditures; negative quarters in red.

Cash and equivalents against long-term debtCash and equivalentsLong-term debt
$0$1B$2B$3B$4BQ4'22, Cash and equivalents: $605MQ4'22, Long-term debt: $2.6BQ4'22Q1'23, Cash and equivalents: $363MQ1'23, Long-term debt: $2.6BQ1'23Q2'23, Cash and equivalents: $368MQ2'23, Long-term debt: $2.6BQ2'23Q3'23, Cash and equivalents: $461MQ3'23, Long-term debt: $2.3BQ3'23Q4'23, Cash and equivalents: $479MQ4'23, Long-term debt: $2.3BQ4'23Q1'24, Cash and equivalents: $247MQ1'24, Long-term debt: $2.6BQ1'24Q2'24, Cash and equivalents: $324MQ2'24, Long-term debt: $2.8BQ2'24Q3'24, Cash and equivalents: $487MQ3'24, Long-term debt: $2.8BQ3'24Q4'24, Cash and equivalents: $499MQ4'24, Long-term debt: $2.7BQ4'24Q1'25, Cash and equivalents: $460MQ1'25, Long-term debt: $2.8BQ1'25Q2'25, Cash and equivalents: $432MQ2'25, Long-term debt: $2.8BQ2'25Q3'25, Cash and equivalents: $555MQ3'25, Long-term debt: $2.8BQ3'25Q4'25, Cash and equivalents: $912MQ4'25, Long-term debt: $2.8BQ4'25Q1'26, Cash and equivalents: $645MQ1'26, Long-term debt: $2.8BQ1'26Q2'26, Cash and equivalents: $851MQ2'26, Long-term debt: $3.2BQ2'26Q3'26, Cash and equivalents: $373MQ3'26, Long-term debt: $3.2BQ3'26$0$1B$2B$3B$4BQ4'22, Cash and equivalents: $605MQ4'22, Long-term debt: $2.6BQ1'23, Cash and equivalents: $363MQ1'23, Long-term debt: $2.6BQ1'23Q2'23, Cash and equivalents: $368MQ2'23, Long-term debt: $2.6BQ3'23, Cash and equivalents: $461MQ3'23, Long-term debt: $2.3BQ3'23Q4'23, Cash and equivalents: $479MQ4'23, Long-term debt: $2.3BQ1'24, Cash and equivalents: $247MQ1'24, Long-term debt: $2.6BQ1'24Q2'24, Cash and equivalents: $324MQ2'24, Long-term debt: $2.8BQ3'24, Cash and equivalents: $487MQ3'24, Long-term debt: $2.8BQ3'24Q4'24, Cash and equivalents: $499MQ4'24, Long-term debt: $2.7BQ1'25, Cash and equivalents: $460MQ1'25, Long-term debt: $2.8BQ1'25Q2'25, Cash and equivalents: $432MQ2'25, Long-term debt: $2.8BQ3'25, Cash and equivalents: $555MQ3'25, Long-term debt: $2.8BQ3'25Q4'25, Cash and equivalents: $912MQ4'25, Long-term debt: $2.8BQ1'26, Cash and equivalents: $645MQ1'26, Long-term debt: $2.8BQ1'26Q2'26, Cash and equivalents: $851MQ2'26, Long-term debt: $3.2BQ3'26, Cash and equivalents: $373MQ3'26, Long-term debt: $3.2BQ3'26

Positions at each quarter end, as filed; short-term investments are not included.

Income statement

Last eight quarters, newest first, through Q3 FY2026 filed October 29, 2026.

APi Group Corporation income statement, quarterly
Millions of dollarsQ3 FY2026ended Sep 30, 2026filed Oct 29, 2026Q2 FY2026ended Jun 30, 2026filed Jul 30, 2026Q1 FY2026ended Mar 31, 2026filed Apr 30, 2026Q4 FY2025ended Dec 31, 2025filed Feb 25, 2026Q3 FY2025ended Sep 30, 2025filed Oct 30, 2025Q2 FY2025ended Jun 30, 2025filed Jul 31, 2025Q1 FY2025ended Mar 31, 2025filed May 1, 2025Q4 FY2024ended Dec 31, 2024filed Feb 26, 2025YoYQ3 FY2026vs Q3 FY2025
Revenue2,5542,2541,9822,1172,0851,9901,7191,861+22.5%
Cost of revenue1,7841,5511,3621,4391,4331,3751,1771,286+24.5%
Gross profit770703620678652615542575+18.1%
Research and development—————————
Selling, general and administrative568528517514489472458459+16.2%
Operating income20217510316416314384116+23.9%
Other income (expense)(47)(37)(32)(35)(33)(35)(38)(38)−42.4%
Pretax income155138711291301084678+19.2%
Income tax4139143237311111+10.8%
Net income11499579793773567+22.6%
Diluted EPS ($)0.240.200.12—0.200.160.07—+20.0%
Diluted shares (millions)432437435—429428417——

Fourth quarters are the fiscal year less the first nine months when the filer reports no discrete fourth quarter, and are marked. Diluted EPS is never derived, so a derived quarter shows none. Italic figures are derived.

Balance sheet

Last eight quarters, newest first, through Q3 FY2026 filed October 29, 2026.

APi Group Corporation balance sheet, quarterly
Millions of dollarsQ3 FY2026ended Sep 30, 2026filed Oct 29, 2026Q2 FY2026ended Jun 30, 2026filed Jul 30, 2026Q1 FY2026ended Mar 31, 2026filed Apr 30, 2026Q4 FY2025ended Dec 31, 2025filed Feb 25, 2026Q3 FY2025ended Sep 30, 2025filed Oct 30, 2025Q2 FY2025ended Jun 30, 2025filed Jul 31, 2025Q1 FY2025ended Mar 31, 2025filed May 1, 2025Q4 FY2024ended Dec 31, 2024filed Feb 26, 2025YoYQ3 FY2026vs Q3 FY2025
Cash and equivalents373851645912555432460499−32.8%
Short-term investments—————————
Total current assets3,4033,5303,0243,2293,0062,7982,5862,658+13.2%
Total assets10,2819,9478,9668,9368,7218,5398,0988,152+17.9%
Total current liabilities2,8742,5412,1072,1502,0311,9331,7621,885+41.5%
Long-term debt3,2133,2172,7552,7542,7532,7512,7502,749+16.7%
Total liabilities6,7936,4315,4805,5285,4455,3685,1165,199+24.8%
Stockholders’ equity3,4883,5163,4863,4083,2763,1712,9822,953+6.5%
Shares outstanding (millions)425432433431416416415*416*—

Positions at each period end. Nothing on this statement is derived. Long-term debt is the filed noncurrent line only; no total-debt composite is constructed across filers. Italic figures are derived.

Cash flow statement

Last eight quarters, newest first, through Q3 FY2026 filed October 29, 2026.

APi Group Corporation cash flow statement, quarterly
Millions of dollarsQ3 FY2026ended Sep 30, 2026filed Oct 29, 2026Q2 FY2026ended Jun 30, 2026filed Jul 30, 2026Q1 FY2026ended Mar 31, 2026filed Apr 30, 2026Q4 FY2025ended Dec 31, 2025filed Feb 25, 2026Q3 FY2025ended Sep 30, 2025filed Oct 30, 2025Q2 FY2025ended Jun 30, 2025filed Jul 31, 2025Q1 FY2025ended Mar 31, 2025filed May 1, 2025Q4 FY2024ended Dec 31, 2024filed Feb 26, 2025YoYQ3 FY2026vs Q3 FY2025
Operating cash flow22583853822328362283−3.0%
Capital expenditures2731182631271218−12.9%
Free cash flow (CFO − capex)19852673562015650265−1.5%
Depreciation and amortization—————————
Share repurchases186660000750—
Dividends paid—————————

10-Qs file cash flows as year-to-date totals, so quarterly figures are differenced from consecutive filings and marked. Free cash flow is operating cash flow less capital expenditures, computed from the two filed lines. Italic figures are derived.

Annual statements

Every fiscal year filed, newest first, through FY2025 filed February 25, 2026.

Income statement

APi Group Corporation income statement, annual
Millions of dollarsFY2025ended Dec 31, 2025filed Feb 25, 2026FY2024ended Dec 31, 2024filed Feb 26, 2025FY2023ended Dec 31, 2023filed Feb 28, 2024FY2022ended Dec 31, 2022filed Mar 1, 2023FY2021ended Dec 31, 2021filed Mar 1, 2022FY2020ended Dec 31, 2020filed Mar 24, 2021FY2019ended Dec 31, 2019filed Jun 2, 2020FY2018ended Dec 31, 2018filed Jun 2, 2020
Revenue7,9117,0186,9286,5583,9403,5879853,728
Cost of revenue5,4244,8404,9884,8443,0012,8317872,941
Gross profit2,4872,1781,9401,714939756198787
Research and development————————
Selling, general and administrative1,9331,6941,5811,552803725359625
Operating income554484359162136(166)(161)162
Other income (expense)(141)(154)(127)(69)(57)(18)10(16)
Pretax income4133302329379(184)(151)146
Income tax11180792032(31)210
Net income3022501537347(153)(153)136
Diluted EPS ($)(0.69)(0.56)(0.46)0.07*(0.45)*(1.47)*(0.77)*—
Diluted shares (millions)416402353399*309*254*200*—

Balance sheet

APi Group Corporation balance sheet, annual
Millions of dollarsFY2025ended Dec 31, 2025filed Feb 25, 2026FY2024ended Dec 31, 2024filed Feb 26, 2025FY2023ended Dec 31, 2023filed Feb 28, 2024FY2022ended Dec 31, 2022filed Mar 1, 2023FY2021ended Dec 31, 2021filed Mar 1, 2022FY2020ended Dec 31, 2020filed Mar 24, 2021FY2019ended Dec 31, 2019filed Jun 2, 2020FY2018ended Dec 31, 2018filed Jun 2, 2020
Cash and equivalents9124994796051,18851525654
Short-term investments————————
Total current assets3,2292,6582,5822,6522,6261,4371,342—
Total assets8,9368,1527,5908,0915,1594,0654,011—
Total current liabilities2,1501,8851,8071,921867841823—
Long-term debt2,7542,7492,3222,5831,7661,3971,171—
Total liabilities5,5285,1994,7225,1672,8362,5072,254—
Stockholders’ equity3,4082,9532,0712,1272,3231,5581,757—
Shares outstanding (millions)431416*366*352*349*301*——

Cash flow statement

APi Group Corporation cash flow statement, annual
Millions of dollarsFY2025ended Dec 31, 2025filed Feb 25, 2026FY2024ended Dec 31, 2024filed Feb 26, 2025FY2023ended Dec 31, 2023filed Feb 28, 2024FY2022ended Dec 31, 2022filed Mar 1, 2023FY2021ended Dec 31, 2021filed Mar 1, 2022FY2020ended Dec 31, 2020filed Mar 24, 2021FY2019ended Dec 31, 2019filed Jun 2, 2020FY2018ended Dec 31, 2018filed Jun 2, 2020
Operating cash flow759620514270182496150112
Capital expenditures9684867955381174
Free cash flow (CFO − capex)66353642819112745813938
Depreciation and amortization————————
Share repurchases7504144030——
Dividends paid————————

Insider activity

Form 4 filings by officers, directors and 10% owners, November 1, 2024 to November 1, 2026. Only open-market purchases and sales count as buys and sells; awards, exercises, tax withholding and gifts are listed in grey and never counted.

Bought, three months
$0
0 purchases by 0 insiders; officers and directors $0
Sold, three months
$26M
7 sales by 2 insiders; officers and directors $26M
Bought, twelve months
$276K
3 purchases by 1 insider; officers and directors $276K
Sold, twelve months
$361M
47 sales by 6 insiders; officers and directors $361M

The last 25 transactions

TradedInsiderRoleTransactionSharesPriceValueHeld afterFiled
Aug 4, 2026Ashken Ian G HDirectoropen-market sale10b5-1indirect80,071$40.33$3M9MAug 5, 2026
Aug 4, 2026Ashken Ian G HDirectoropen-market sale10b5-1indirect5,001$40.76$204K9MAug 5, 2026
Aug 3, 2026Lillie James EDirectoropen-market sale10b5-174,420$39.84$3M1MAug 5, 2026
Aug 3, 2026Lillie James EDirectoropen-market sale10b5-1580$40.11$23K1MAug 5, 2026
Aug 3, 2026Lillie James EDirectoropen-market sale10b5-1indirect282,796$39.84$11M9MAug 5, 2026
Aug 3, 2026Lillie James EDirectoropen-market sale10b5-1indirect2,204$40.11$88K9MAug 5, 2026
Aug 3, 2026Ashken Ian G HDirectoropen-market sale10b5-1indirect214,928$39.91$9M9MAug 5, 2026
Jun 17, 2026Malkin Anthony EDirectoropen-market saleindirect7,000$42.47$297K0Jun 23, 2026
Jun 11, 2026Franklin Martin EDirector, 10% owneropen-market saleindirect2M$42.08$84M19MJun 12, 2026
May 16, 2026Ashken Ian G HDirectoroption exerciseindirect4,740$0.00—58,470May 19, 2026
May 16, 2026Walker Cyrus D.Directoroption exercise4,740$0.00—58,470May 19, 2026
May 16, 2026Thomas V MilroyDirectoroption exercise4,740$0.00—84,259May 19, 2026
May 16, 2026Thomas V MilroyDirectortax withholding2,538$43.25$110K81,721May 19, 2026
May 16, 2026Lillie James EDirectoroption exercise4,740$0.00—1MMay 19, 2026
May 16, 2026Wheeler CarrieDirectoroption exercise7,844$0.00—65,318May 19, 2026
May 16, 2026Malkin Anthony EDirectoroption exercise7,844$0.00—148,718May 19, 2026
May 16, 2026Loop PaulaDirectoroption exercise4,740$0.00—25,776May 19, 2026
May 5, 2026Ashken Ian G HDirectoropen-market sale10b5-1indirect50,634$45.38$2M9MMay 6, 2026
May 5, 2026Ashken Ian G HDirectoropen-market sale10b5-1indirect14,900$45.86$683K9MMay 6, 2026
May 5, 2026Lillie James EDirectoropen-market sale10b5-1indirect45,816$45.39$2M9MMay 6, 2026
May 5, 2026Lillie James EDirectoropen-market sale10b5-1indirect13,645$45.86$626K9MMay 6, 2026
May 5, 2026Lillie James EDirectoropen-market sale10b5-112,057$45.39$547K1MMay 6, 2026
May 5, 2026Lillie James EDirectoropen-market sale10b5-13,591$45.86$165K1MMay 6, 2026
May 4, 2026Ashken Ian G HDirectoropen-market sale10b5-1indirect134,265$44.70$6M10MMay 6, 2026
May 4, 2026Ashken Ian G HDirectoropen-market sale10b5-1indirect34,201$45.34$2M10MMay 6, 2026

Full insider history for APi Group Corporation, or insider activity across all companies. A record of filings, not a recommendation.

Tracked funds holding it

1 of the tracked managers held APG in their latest 13F filing, through August 14, 2026. Weight is the share of the fund’s reported portfolio. How the funds have traded APG by quarter.

FundManagerQuarterValueSharesWeightMove
Third PointDaniel LoebQ2 2026$121M3M2.59%added +41.1%

Sources

Fiscal year ends in month 12; periods are labeled with the issuer's own fiscal calendar. Values are as most recently filed (restatements apply; per-share values are on current split basis per the connector's split table, flagged in adjusted). Flow items flagged in `derived` were computed (Q4 = FY − nine months; quarterly cash flow differenced from year-to-date filings) rather than read from a filing. `reconciliation.repaired` lists periods where a full-year figure was filed in a quarter slot: that row was dropped and the quarter rebuilt from the annual figure. `reconciliation.quarantined` lists periods where four filed quarters do not sum to the filed year — those quarterly values are withheld, so a blank there is a withholding rather than an absence of reporting.

Filer
APi Group Corporation, CIK 1796209 on EDGAR
Extract generated
November 1, 2026
Withheld
none
Repaired
4 quarters where a full-year figure was filed in a quarter slot and the quarter was rebuilt: cost of revenue FY2019, gross profit FY2019, income tax FY2019, revenue FY2019
XBRL concepts behind each line

Income statement

Revenue: RevenueFromContractWithCustomerExcludingAssessedTax, Revenues
Cost of revenue: CostOfGoodsAndServicesSold, CostOfRevenue
Gross profit: GrossProfit
Research and development: not filed
Selling, general and administrative: SellingGeneralAndAdministrativeExpense
Operating income: OperatingIncomeLoss
Other income (expense): OtherNonoperatingIncomeExpense
Pretax income: IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
Income tax: IncomeTaxExpenseBenefit
Net income: NetIncomeLoss
Diluted EPS ($): EarningsPerShareDiluted
Diluted shares (millions): WeightedAverageNumberOfDilutedSharesOutstanding

Balance sheet

Cash and equivalents: CashAndCashEquivalentsAtCarryingValue
Short-term investments: not filed
Total current assets: AssetsCurrent
Total assets: Assets
Total current liabilities: LiabilitiesCurrent
Long-term debt: LongTermDebt, LongTermDebtNoncurrent
Total liabilities: Liabilities
Stockholders’ equity: StockholdersEquity
Shares outstanding (millions): dei:EntityCommonStockSharesOutstanding

Cash flow statement

Operating cash flow: NetCashProvidedByUsedInOperatingActivities
Capital expenditures: PaymentsToAcquirePropertyPlantAndEquipment
Free cash flow (CFO − capex): not filed
Depreciation and amortization: not filed
Share repurchases: PaymentsForRepurchaseOfCommonStock
Dividends paid: not filed

The data

The statements on this page as files, generated November 1, 2026.

JSON file
/data/financials/APG.json