The Filings Report

Vertiv Holdings Co

VRTNYSECIK 1674101Technology / Electronic Components & Instrumentsfiscal year ends December35 quarters since 2017

Revenue, Q3 FY2026
$4.3B
+61.2% on Q3 FY2025
Net income
$765M
+91.8% on Q3 FY2025
Free cash flow
$655M
+49.7% on Q3 FY2025
Diluted EPS
$1.95
+91.2% on Q3 FY2025
Revenue, TTM
$13.1B
trailing four quarters
Net margin, TTM
16.0%
net income $2.1B
Free cash flow, TTM
$3.1B
$3.7B less $518M capex
Cash and equivalents
$3.5B
long-term debt $2.9B, Sep 30, 2026
Shares, 12-month change
+0.7%
385M shares, Sep 30, 2026
Buybacks, TTM
—
no yield
Dividends, TTM
$96M
0.1% of market value
Market value
$89.5B
at the close, buybacks

Latest quarter Q3 FY2026, filed October 28, 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, Vertiv Holdings Co reported revenue of $4.3B, +61.2% on Q3 FY2025, and net income of $765M (+91.8%). Operating margin was 22.8%. Free cash flow, operating cash flow less capital expenditures, was $655M ($794M less $139M). Diluted earnings per share were $1.95.

The last 16 quarters

Q4 FY2022 to Q3 FY2026, through the filing of October 28, 2026.

Revenue and net incomeRevenueNet income
−$2B$0$2B$4B$6BQ4'22, Revenue: $1.7BQ4'22, Net income: $27MQ4'22Q1'23, Revenue: $1.5BQ1'23, Net income: $50MQ1'23Q2'23, Revenue: $1.7BQ2'23, Net income: $83MQ2'23Q3'23, Revenue: $1.7BQ3'23, Net income: $94MQ3'23Q4'23, Revenue: $1.9BQ4'23, Net income: $233MQ4'23Q1'24, Revenue: $1.6BQ1'24, Net income: −$6MQ1'24Q2'24, Revenue: $2.0BQ2'24, Net income: $178MQ2'24Q3'24, Revenue: $2.1BQ3'24, Net income: $177MQ3'24Q4'24, Revenue: $2.3BQ4'24, Net income: $147MQ4'24Q1'25, Revenue: $2.0BQ1'25, Net income: $165MQ1'25Q2'25, Revenue: $2.6BQ2'25, Net income: $324MQ2'25Q3'25, Revenue: $2.7BQ3'25, Net income: $399MQ3'25Q4'25, Revenue: $2.9BQ4'25, Net income: $446MQ4'25Q1'26, Revenue: $2.6BQ1'26, Net income: $390MQ1'26Q2'26, Revenue: $3.3BQ2'26, Net income: $498MQ2'26Q3'26, Revenue: $4.3BQ3'26, Net income: $765MQ3'26−$2B$0$2B$4B$6BQ4'22, Revenue: $1.7BQ4'22, Net income: $27MQ1'23, Revenue: $1.5BQ1'23, Net income: $50MQ1'23Q2'23, Revenue: $1.7BQ2'23, Net income: $83MQ3'23, Revenue: $1.7BQ3'23, Net income: $94MQ3'23Q4'23, Revenue: $1.9BQ4'23, Net income: $233MQ1'24, Revenue: $1.6BQ1'24, Net income: −$6MQ1'24Q2'24, Revenue: $2.0BQ2'24, Net income: $178MQ3'24, Revenue: $2.1BQ3'24, Net income: $177MQ3'24Q4'24, Revenue: $2.3BQ4'24, Net income: $147MQ1'25, Revenue: $2.0BQ1'25, Net income: $165MQ1'25Q2'25, Revenue: $2.6BQ2'25, Net income: $324MQ3'25, Revenue: $2.7BQ3'25, Net income: $399MQ3'25Q4'25, Revenue: $2.9BQ4'25, Net income: $446MQ1'26, Revenue: $2.6BQ1'26, Net income: $390MQ1'26Q2'26, Revenue: $3.3BQ2'26, Net income: $498MQ3'26, Revenue: $4.3BQ3'26, Net income: $765MQ3'26

Net income losses drawn in red.

Free cash flow
$0$250M$500M$750M$1.0BQ4'22, Free cash flow: $142MQ4'22Q1'23, Free cash flow: $14MQ1'23Q2'23, Free cash flow: $228MQ2'23Q3'23, Free cash flow: $222MQ3'23Q4'23, Free cash flow: $308MQ4'23Q1'24, Free cash flow: $102MQ1'24Q2'24, Free cash flow: $347MQ2'24Q3'24, Free cash flow: $339MQ3'24Q4'24, Free cash flow: $365MQ4'24Q1'25, Free cash flow: $267MQ1'25Q2'25, Free cash flow: $278MQ2'25Q3'25, Free cash flow: $438MQ3'25Q4'25, Free cash flow: $912MQ4'25Q1'26, Free cash flow: $654MQ1'26Q2'26, Free cash flow: $927MQ2'26Q3'26, Free cash flow: $655MQ3'26$0$250M$500M$750M$1.0BQ4'22, Free cash flow: $142MQ1'23, Free cash flow: $14MQ1'23Q2'23, Free cash flow: $228MQ3'23, Free cash flow: $222MQ3'23Q4'23, Free cash flow: $308MQ1'24, Free cash flow: $102MQ1'24Q2'24, Free cash flow: $347MQ3'24, Free cash flow: $339MQ3'24Q4'24, Free cash flow: $365MQ1'25, Free cash flow: $267MQ1'25Q2'25, Free cash flow: $278MQ3'25, Free cash flow: $438MQ3'25Q4'25, Free cash flow: $912MQ1'26, Free cash flow: $654MQ1'26Q2'26, Free cash flow: $927MQ3'26, Free cash flow: $655MQ3'26

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: $261MQ4'22, Long-term debt: $3.2BQ4'22Q1'23, Cash and equivalents: $276MQ1'23, Long-term debt: $3.2BQ1'23Q2'23, Cash and equivalents: $275MQ2'23, Long-term debt: $2.9BQ2'23Q3'23, Cash and equivalents: $500MQ3'23, Long-term debt: $2.9BQ3'23Q4'23, Cash and equivalents: $780MQ4'23, Long-term debt: $2.9BQ4'23Q1'24, Cash and equivalents: $276MQ1'24, Long-term debt: $2.9BQ1'24Q2'24, Cash and equivalents: $580MQ2'24, Long-term debt: $2.9BQ2'24Q3'24, Cash and equivalents: $909MQ3'24, Long-term debt: $2.9BQ3'24Q4'24, Cash and equivalents: $1.2BQ4'24, Long-term debt: $2.9BQ4'24Q1'25, Cash and equivalents: $1.5BQ1'25, Long-term debt: $2.9BQ1'25Q2'25, Cash and equivalents: $1.6BQ2'25, Long-term debt: $2.9BQ2'25Q3'25, Cash and equivalents: $1.4BQ3'25, Long-term debt: $2.9BQ3'25Q4'25, Cash and equivalents: $1.7BQ4'25, Long-term debt: $2.9BQ4'25Q1'26, Cash and equivalents: $2.2BQ1'26, Long-term debt: $2.9BQ1'26Q2'26, Cash and equivalents: $2.8BQ2'26, Long-term debt: $2.9BQ2'26Q3'26, Cash and equivalents: $3.5BQ3'26, Long-term debt: $2.9BQ3'26$0$1B$2B$3B$4BQ4'22, Cash and equivalents: $261MQ4'22, Long-term debt: $3.2BQ1'23, Cash and equivalents: $276MQ1'23, Long-term debt: $3.2BQ1'23Q2'23, Cash and equivalents: $275MQ2'23, Long-term debt: $2.9BQ3'23, Cash and equivalents: $500MQ3'23, Long-term debt: $2.9BQ3'23Q4'23, Cash and equivalents: $780MQ4'23, Long-term debt: $2.9BQ1'24, Cash and equivalents: $276MQ1'24, Long-term debt: $2.9BQ1'24Q2'24, Cash and equivalents: $580MQ2'24, Long-term debt: $2.9BQ3'24, Cash and equivalents: $909MQ3'24, Long-term debt: $2.9BQ3'24Q4'24, Cash and equivalents: $1.2BQ4'24, Long-term debt: $2.9BQ1'25, Cash and equivalents: $1.5BQ1'25, Long-term debt: $2.9BQ1'25Q2'25, Cash and equivalents: $1.6BQ2'25, Long-term debt: $2.9BQ3'25, Cash and equivalents: $1.4BQ3'25, Long-term debt: $2.9BQ3'25Q4'25, Cash and equivalents: $1.7BQ4'25, Long-term debt: $2.9BQ1'26, Cash and equivalents: $2.2BQ1'26, Long-term debt: $2.9BQ1'26Q2'26, Cash and equivalents: $2.8BQ2'26, Long-term debt: $2.9BQ3'26, Cash and equivalents: $3.5BQ3'26, Long-term debt: $2.9BQ3'26

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 28, 2026.

Vertiv Holdings Co income statement, quarterly
Millions of dollarsQ3 FY2026ended Sep 30, 2026filed Oct 28, 2026Q2 FY2026ended Jun 30, 2026filed Jul 29, 2026Q1 FY2026ended Mar 31, 2026filed Apr 22, 2026Q4 FY2025ended Dec 31, 2025filed Feb 13, 2026Q3 FY2025ended Sep 30, 2025filed Oct 22, 2025Q2 FY2025ended Jun 30, 2025filed Jul 30, 2025Q1 FY2025ended Mar 31, 2025filed Apr 23, 2025Q4 FY2024ended Dec 31, 2024filed Feb 18, 2025YoYQ3 FY2026vs Q3 FY2025
Revenue4,3133,2742,6502,8802,6762,6382,0362,346+61.2%
Cost of revenue2,6692,0391,6501,7591,6651,7421,3501,476+60.3%
Gross profit—————————
Research and development—————————
Selling, general and administrative557494457462414396346362+34.4%
Operating income984638440580517442291457+90.4%
Other income (expense)170——00———
Pretax income995620438563492421265245+102.1%
Income tax23012248118949710198+145.8%
Net income765498390446399324165147+91.8%
Diluted EPS ($)1.951.270.99—1.020.830.42—+91.2%
Diluted shares (millions)393393392—391390390——

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 28, 2026.

Vertiv Holdings Co balance sheet, quarterly
Millions of dollarsQ3 FY2026ended Sep 30, 2026filed Oct 28, 2026Q2 FY2026ended Jun 30, 2026filed Jul 29, 2026Q1 FY2026ended Mar 31, 2026filed Apr 22, 2026Q4 FY2025ended Dec 31, 2025filed Feb 13, 2026Q3 FY2025ended Sep 30, 2025filed Oct 22, 2025Q2 FY2025ended Jun 30, 2025filed Jul 30, 2025Q1 FY2025ended Mar 31, 2025filed Apr 23, 2025Q4 FY2024ended Dec 31, 2024filed Feb 18, 2025YoYQ3 FY2026vs Q3 FY2025
Cash and equivalents3,5132,8112,1511,7281,3961,6411,4671,228+151.6%
Short-term investments—————————
Total current assets12,1239,9857,9856,8206,5496,3025,4625,102+85.1%
Total assets18,17515,90113,40012,21210,81610,4069,4519,133+68.0%
Total current liabilities8,7117,2435,3434,4073,5773,6153,1843,097+143.5%
Long-term debt2,9252,9402,9222,8922,8982,9012,9042,907+0.9%
Total liabilities12,67311,1439,1558,2717,3087,2816,7856,698+73.4%
Stockholders’ equity5,5024,7584,2453,9413,5093,1252,6662,434+56.8%
Shares outstanding (millions)385385384383382382381381—

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 28, 2026.

Vertiv Holdings Co cash flow statement, quarterly
Millions of dollarsQ3 FY2026ended Sep 30, 2026filed Oct 28, 2026Q2 FY2026ended Jun 30, 2026filed Jul 29, 2026Q1 FY2026ended Mar 31, 2026filed Apr 22, 2026Q4 FY2025ended Dec 31, 2025filed Feb 13, 2026Q3 FY2025ended Sep 30, 2025filed Oct 22, 2025Q2 FY2025ended Jun 30, 2025filed Jul 30, 2025Q1 FY2025ended Mar 31, 2025filed Apr 23, 2025Q4 FY2024ended Dec 31, 2024filed Feb 18, 2025YoYQ3 FY2026vs Q3 FY2025
Operating cash flow7941,1007671,005483323303425+64.5%
Capital expenditures1391731139345453761+207.7%
Free cash flow (CFO − capex)655927654912438278267365+49.7%
Depreciation and amortization1081161088875737271+43.1%
Share repurchases———00000—
Dividends paid2424242414141414+69.0%

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 13, 2026.

Income statement

Vertiv Holdings Co income statement, annual
Millions of dollarsFY2025ended Dec 31, 2025filed Feb 13, 2026FY2024ended Dec 31, 2024filed Feb 18, 2025FY2023ended Dec 31, 2023filed Feb 23, 2024FY2022ended Dec 31, 2022filed Feb 27, 2023FY2021ended Dec 31, 2021filed Mar 1, 2022FY2020ended Dec 31, 2020filed Mar 1, 2021FY2019ended Dec 31, 2019filed Mar 12, 2020FY2018ended Dec 31, 2018filed Mar 13, 2019FY2017ended Dec 31, 2017filed Aug 7, 2018FY2016ended Dec 31, 2016filed Mar 13, 2019
Revenue10,2308,0126,8635,6924,9984,3714,4314,286——
Cost of revenue6,5155,0784,4634,0753,4752,8972,9782,865——
Gross profit——————————
Research and development442368304282266229229198——
Selling, general and administrative1,6181,3741,3121,1781,1091,0081,1011,2240—
Operating income1,8301,367872223260214206———
Other income (expense)——————————
Pretax income1,742765534167166(255)(104)(271)0—
Income tax4092707490477337500—
Net income1,33349646077120(327)(141)(314)0—
Diluted EPS ($)3.411.281.19(0.04)0.33(1.07)(1.19)(2.65)——
Diluted shares (millions)391386386378360307118118——

Balance sheet

Vertiv Holdings Co balance sheet, annual
Millions of dollarsFY2025ended Dec 31, 2025filed Feb 13, 2026FY2024ended Dec 31, 2024filed Feb 18, 2025FY2023ended Dec 31, 2023filed Feb 23, 2024FY2022ended Dec 31, 2022filed Feb 27, 2023FY2021ended Dec 31, 2021filed Mar 1, 2022FY2020ended Dec 31, 2020filed Mar 1, 2021FY2019ended Dec 31, 2019filed Mar 12, 2020FY2018ended Dec 31, 2018filed Mar 13, 2019FY2017ended Dec 31, 2017filed Aug 7, 2018FY2016ended Dec 31, 2016filed Mar 13, 2019
Cash and equivalents1,7281,228780261439535224215——
Short-term investments——————————
Total current assets6,8205,1024,0023,1592,6992,5192,01710—
Total assets12,2129,1337,9997,0966,9405,0744,6576970—
Total current liabilities4,4073,0972,3051,8981,8551,7421,52010—
Long-term debt2,8922,9072,9193,1692,9512,1313,467———
Total liabilities8,2716,6985,9845,6545,5224,5625,362250—
Stockholders’ equity3,9412,4342,0151,4421,418512(705)(540)(130)0
Shares outstanding (millions)383381382378376351328———

Cash flow statement

Vertiv Holdings Co cash flow statement, annual
Millions of dollarsFY2025ended Dec 31, 2025filed Feb 13, 2026FY2024ended Dec 31, 2024filed Feb 18, 2025FY2023ended Dec 31, 2023filed Feb 23, 2024FY2022ended Dec 31, 2022filed Feb 27, 2023FY2021ended Dec 31, 2021filed Mar 1, 2022FY2020ended Dec 31, 2020filed Mar 1, 2021FY2019ended Dec 31, 2019filed Mar 12, 2020FY2018ended Dec 31, 2018filed Mar 13, 2019FY2017ended Dec 31, 2017filed Aug 7, 2018FY2016ended Dec 31, 2016filed Mar 13, 2019
Operating cash flow2,1141,319901(153)21120958(222)—0
Capital expenditures22016712810073444865——
Free cash flow (CFO − capex)1,8941,152773(253)13816510(286)——
Depreciation and amortization309277271302227203203217——
Share repurchases060000——————
Dividends paid67421044300——

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
$4M
8 sales by 1 insider; officers and directors $4M
Bought, twelve months
$0
0 purchases by 0 insiders; officers and directors $0
Sold, twelve months
$128M
73 sales by 7 insiders; officers and directors $128M

The last 25 transactions

TradedInsiderRoleTransactionSharesPriceValueHeld afterFiled
Oct 5, 2026Resha MichaelEVP. Man, Logistics and Op Exaward2,503$253.62$635K2,503Oct 6, 2026
Oct 5, 2026Resha MichaelEVP. Man, Logistics and Op Exaward690$253.62$175K3,193Oct 6, 2026
Sep 24, 2026Gill Stephanie LChief Legal Officer & Sec.award6$0.00—34,435Sep 25, 2026
Sep 24, 2026Johnson Eric M.Chief Accounting Officeraward1$0.00—1,942Sep 25, 2026
Sep 24, 2026Albertazzi GiordanoChief Executive Officer, Directoraward13$0.00—47,600Sep 25, 2026
Sep 24, 2026Shen WeiPresident, Greater Chinaaward1$0.00—3,320Sep 25, 2026
Sep 24, 2026Poncheri FrankChief Human Resources Officeraward4$0.00—14,311Sep 25, 2026
Sep 24, 2026Armul ScottChief Product and Tech Officeraward6$0.00—32,043Sep 25, 2026
Sep 24, 2026Chamberlin CraigChief Financial Officeraward1$0.00—5,599Sep 25, 2026
Sep 24, 2026Sanghi AnandPres. Americasaward4$0.00—36,373Sep 25, 2026
Sep 24, 2026Ryan PaulPresident EMEAaward3$0.00—18,635Sep 25, 2026
Sep 24, 2026Karlborg AndersEVP, Man., Logistics and Op Exaward5$0.00—34,615Sep 25, 2026
Sep 15, 2026Poncheri FrankChief Human Resources Officertax withholding2,352$234.61$552K14,308Sep 16, 2026
Sep 8, 2026Albertazzi GiordanoChief Executive Officer, Directorgift118,523$0.00—47,588Sep 8, 2026
Sep 1, 2026Monser Edward LDirectoroption exercise15,287$11.50$176K31,787Sep 2, 2026
Sep 1, 2026Monser Edward LDirectoropen-market sale10b5-1880$249.43$219K30,907Sep 2, 2026
Sep 1, 2026Monser Edward LDirectoropen-market sale10b5-11,040$250.58$261K29,867Sep 2, 2026
Sep 1, 2026Monser Edward LDirectoropen-market sale10b5-11,440$251.56$362K28,427Sep 2, 2026
Sep 1, 2026Monser Edward LDirectoropen-market sale10b5-12,280$252.53$576K26,147Sep 2, 2026
Sep 1, 2026Monser Edward LDirectoropen-market sale10b5-11,000$253.37$253K25,147Sep 2, 2026
Sep 1, 2026Monser Edward LDirectoropen-market sale10b5-13,040$254.63$774K22,107Sep 2, 2026
Sep 1, 2026Monser Edward LDirectoropen-market sale10b5-13,520$255.58$900K18,587Sep 2, 2026
Sep 1, 2026Monser Edward LDirectoropen-market sale10b5-12,087$256.36$535K16,500Sep 2, 2026
Jun 25, 2026Karlborg AndersEVP, Man., Logistics and Op Exaward4$0.00—34,610Jun 26, 2026
Jun 25, 2026Armul ScottChief Product and Tech Officeraward5$0.00—32,037Jun 26, 2026

Full insider history for Vertiv Holdings Co, or insider activity across all companies. A record of filings, not a recommendation.

Tracked funds holding it

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

FundManagerQuarterValueSharesWeightMove
Baron Capital GroupRon BaronQ2 2026$328M979,8210.49%trimmed −17.0%
FundsmithTerry SmithQ2 2026$14M41,8930.10%trimmed −54.1%

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
Vertiv Holdings Co, CIK 1674101 on EDGAR
Extract generated
October 29, 2026
Withheld
2 line-years whose four quarters do not sum to the filed year: net income FY2018, opex sga FY2018
Repaired
none
XBRL concepts behind each line

Income statement

Revenue: RevenueFromContractWithCustomerExcludingAssessedTax
Cost of revenue: CostOfGoodsAndServicesSold
Gross profit: not filed
Research and development: ResearchAndDevelopmentExpense
Selling, general and administrative: GeneralAndAdministrativeExpense, 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: 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: DepreciationDepletionAndAmortization
Share repurchases: PaymentsForRepurchaseOfCommonStock
Dividends paid: PaymentsOfDividends

The data

The statements on this page as files, generated October 29, 2026.

JSON file
/data/financials/VRT.json