PRM Perimeter Solutions, Inc.
Price Chart
Executive Summary
Perimeter Solutions reported Q1 2026 results with net sales surging 74% to $125.1M, driven by the MMT acquisition and organic growth. Adjusted EPS of $0.06 beat the $0.02 consensus estimate by 200%, while GAAP EPS was $0.44. The company also secured key five-year contracts with the U.S. Defense Logistics Agency and California Department of Forestry, providing long-term revenue visibility.
Key Financial Metrics
Actionable Insight
The strong beat on adjusted EPS and the 128% Adjusted EBITDA growth, combined with new multi-year government contracts, signal accelerating momentum. However, the massive increase in debt to $1.21B and negative operating cash flow due to founder fee settlements warrant monitoring for leverage and liquidity risks in coming quarters.
Key Facts
- Net sales increased 74% YoY to $125.1M, from $72.0M in Q1 2025
- GAAP diluted EPS was $0.44 vs $0.36 in the prior year quarter
- Adjusted EPS was $0.06, beating consensus estimate of $0.02 by 200%
- Adjusted EBITDA increased 128% to $41.2M from $18.1M
- Specialty Products segment net sales grew 128% to $79.6M, driven by MMT acquisition
- Fire Safety segment net sales grew 22% to $45.5M
- Entered into five-year contracts with U.S. Defense Logistics Agency and California Department of Forestry in April 2026
- Cash used in operations was $89.0M, primarily due to $95.7M in cash settlement of founders advisory fees
- Long-term debt increased to $1.21B from $669M, reflecting financing for MMT acquisition
Financial Impact
Revenue growth of 74% YoY, Adjusted EBITDA growth of 128% YoY, and a 200% EPS beat vs consensus
Risk Factors
- Long-term debt increased to $1.21B from $669M, raising leverage and interest expense risk
- Operating cash flow was negative $89.0M due to $95.7M in cash settlement of founders advisory fees
- Specialty Products segment growth is heavily dependent on MMT acquisition integration
- Fire Safety segment revenue is seasonal and dependent on wildfire activity and government contracts
Market Snapshot
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001880319-26-000035 |
| Document: prm-20260506.htm | 0001880319-26-000035 |
| Document: 0001880319-26-000035-index-headers.html | 0001880319-26-000035 |
| Document: 0001880319-26-000035-index.html | 0001880319-26-000035 |
| Document: 0001880319-26-000035.txt | 0001880319-26-000035 |
| 8-K Data (Synthetic) | 0001880319-26-000035 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
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Jun 12, 2026
2d ago
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144
| $35.51 awaiting T+5 | awaiting T+5 | — | $35.47 (−0.11%) |
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May 15, 2026
4w ago
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Insider Cluster
| $33.44 $31.37 | ▼ −6.19% | ▼ −7.81% | $35.47 (+6.07%) |
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May 6, 2026
5w ago
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8-K
| $27.41 $32.10 | ▲ +17.11% | ▲ +15.98% | $35.47 (+29.41%) |
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May 6, 2026
5w ago
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Press Release
| $27.41 $32.10 | ▲ +17.11% | ▲ +15.98% | $35.47 (+29.41%) |
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Apr 21, 2026
7w ago
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Press Release
| $30.65 $30.94 | ▲ +0.95% | ▲ +0.89% | $35.47 (+15.73%) |
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Apr 17, 2026
8w ago
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DEFA14A
| $27.80 $30.85 | ▲ +10.97% | ▲ +10.42% | $35.47 (+27.59%) |
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Feb 28, 2026
15w ago
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Institutional Cluster
| $23.26 $23.82 | ▲ +2.41% | ▲ +3.62% | $35.47 (+52.49%) |
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Feb 26, 2026
15w ago
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8-K
| $23.50 $24.33 | ▲ +3.53% | ▲ +4.66% | $35.47 (+50.94%) |
US Market Status
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