Reports › VRT › 10-Q FY2026

SEC filings, compared

What changed in Vertiv Holdings's 10-Q for the quarter ended March 31, 2026

Compared with the 10-Q for the quarter ended March 31, 2025. Part I, Item 2 and Part II, Item 1A analysed; every summary checked against the quoted filing text.

Registrant: Vertiv Holdings Co · VRT
This filing: 0001628280-26-026556 ↗ · filed Apr 22, 2026
Compared with: 0001628280-25-019372 ↗ · filed Apr 23, 2025
Processed: Sep 20, 2026 UTC · parser-v5 · classify-v4 · select-v1

Research tool. Describes what filings say. Not investment advice. Verify independently. Read the cited paragraph before relying on it.

How a report is made

33 material changes among 45 changed paragraphs

13 shown by default across the three sections below; each section's "Show all" reaches the rest, in filing order.

Numbers from XBRL

Each figure is the one the filing itself tagged, taken from the filing that reported it. Not written by a model.

Concept	FY2026	FY2025	Change (our arithmetic)
Revenueus-gaap:RevenueFromContractWithCustomerExcludingAssessedTax	2,649,500,000USD · Jan 1, 2026 to Mar 31, 2026	2,036,000,000USD · Jan 1, 2025 to Mar 31, 2025	+613,500,000+30.1%
Net income or lossus-gaap:NetIncomeLoss	390,100,000USD · Jan 1, 2026 to Mar 31, 2026	164,500,000USD · Jan 1, 2025 to Mar 31, 2025	+225,600,000+137.1%
Cash and cash equivalentsus-gaap:CashAndCashEquivalentsAtCarryingValue	2,150,600,000USD · at Mar 31, 2026	1,467,300,000USD · at Mar 31, 2025	+683,300,000+46.6%
Net cash from operating activitiesus-gaap:NetCashProvidedByUsedInOperatingActivities	766,800,000USD · Jan 1, 2026 to Mar 31, 2026	303,300,000USD · Jan 1, 2025 to Mar 31, 2025	+463,500,000+152.8%

Values as tagged in the filing's inline XBRL, resolved by accession rather than by period matching. When a value is not tagged, we show that instead of estimating it. FY2026: 0001628280-26-026556 · FY2025: 0001628280-25-019372

What the company says for the first time

Paragraphs with no counterpart in the prior filing.

3 material additions

Part I, Item 2 · MD&A

3 of 3 shown · In filing order, too few to rank

01AddedPart I, Item 2 › Outlook and Trends

Summary · quote-checked

Added an Outlook and Trends discussion describing robust AI-related data-center demand, higher capital investment, and anticipated further global capacity expansion.

The new paragraph adds substantive disclosure about demand, capital commitments, capacity expansion, operational resiliency, and management’s forward-looking investment plans.

Filing text · FY2025 10-Q · filed Apr 23, 2025

No corresponding language in the FY2025 10-Q.

Filing text · FY2026 10-Q · filed Apr 22, 2026

[added] • Growth and Capacity Expansion: We continue to see very robust growth in demand for data centers supporting artificial intelligence ("AI") and high-performance compute applications and have strategically invested in expanding our global capacity in response to current and anticipated customer demand across key infrastructure segments. For the quarter, our capital investments were significantly higher than the spend in the same quarter of 2025. Looking ahead, we anticipate further investment in global capacity to further bolster operational resiliency and to capture additional demand. These investments build upon prior capacity expansion efforts and are aimed at supporting our global ability to scale our business, with the byproduct of addressing inherent complexities and challenges associated with very robust market growth.

Cite this change

"We continue to see very robust growth in demand for data centers supporting artificial intelligence ("AI") and high-performance compute applications and have strategically invested in expanding our global capacity in response to current and anticipated customer demand across key infrastructure segments."

Vertiv Holdings, Form 10-Q for FY2026, Part I, Item 2, accession 0001628280-26-026556, filed 22 April 2026.

Filing: https://www.sec.gov/Archives/edgar/data/1674101/000162828026026556/vrt-20260331.htm

Comparison: https://yearover.com/reports/vrt/0001628280-26-026556?ref=quote

02AddedPart I, Item 2 › Outlook and Trends

Summary · quote-checked

Added an outlook trend describing customer prioritization of deployment speed and the company’s investments to improve execution and development efficiency.

The new paragraph discloses customer priorities and specific company investments intended to reduce complexity and accelerate deployment, adding substantive business context.

Filing text · FY2025 10-Q · filed Apr 23, 2025

No corresponding language in the FY2025 10-Q.

Filing text · FY2026 10-Q · filed Apr 22, 2026

[added] • Execution, Speed and Development Efficiency: Customers are increasingly prioritizing speed of deployment, scalability and execution certainty. We continue to invest in prefabricated, modular and factory-integrated solutions designed to reduce on-site complexity and accelerate time-to-deployment.

Cite this change

"• Execution, Speed and Development Efficiency: Customers are increasingly prioritizing speed of deployment, scalability and execution certainty. We continue to invest in prefabricated, modular and factory-integrated solutions designed to reduce on-site complexity and accelerate time-to-deployment."

Vertiv Holdings, Form 10-Q for FY2026, Part I, Item 2, accession 0001628280-26-026556, filed 22 April 2026.

Filing: https://www.sec.gov/Archives/edgar/data/1674101/000162828026026556/vrt-20260331.htm

Comparison: https://yearover.com/reports/vrt/0001628280-26-026556?ref=quote

03AddedPart I, Item 2 › Outlook and Trends

Summary · quote-checked

Added a statement linking Vertiv’s capabilities to faster, scalable customer deployment as demand for digital infrastructure grows.

The new paragraph introduces substantive claims about capabilities, customer deployment, and continued demand, rather than merely updating wording, dates, or formatting.

Filing text · FY2025 10-Q · filed Apr 23, 2025

No corresponding language in the FY2025 10-Q.

Filing text · FY2026 10-Q · filed Apr 22, 2026

[added] Together, these capabilities support Vertiv's systems-level approach and enhance our ability to help customers deploy critical digital infrastructure faster, at scale, and with greater predictability as demand continues to grow.

Cite this change

"Together, these capabilities support Vertiv's systems-level approach and enhance our ability to help customers deploy critical digital infrastructure faster, at scale, and with greater predictability as demand continues to grow."

Vertiv Holdings, Form 10-Q for FY2026, Part I, Item 2, accession 0001628280-26-026556, filed 22 April 2026.

Filing: https://www.sec.gov/Archives/edgar/data/1674101/000162828026026556/vrt-20260331.htm

Comparison: https://yearover.com/reports/vrt/0001628280-26-026556?ref=quote

What the company no longer says

Paragraphs of the prior filing that this filing dropped. Only last year's text can show these.

5 material removals

Part I, Item 2 · MD&A

5 of 5 shown · In filing order, too few to rank

01RemovedPart I, Item 2 › Outlook and Trends

Summary · quote-checked

A paragraph warning that current and proposed tariffs could raise costs and significantly affect financial performance was removed.

The removed paragraph disclosed a specific tariff-related cost exposure and potential financial impact; dropping that risk statement changes the disclosed substance.

Filing text · FY2025 10-Q · filed Apr 23, 2025

[removed] The imposition of U.S. tariffs and foreign country retaliatory tariffs, or the proposed imposition of additional or similar tariffs, in jurisdictions where we have manufacturing facilities or where our clients operate will increase our cost of doing business and could significantly impact our financial performance.

Filing text · FY2026 10-Q · filed Apr 22, 2026

No corresponding language in the FY2026 10-Q.

Cite this change

"The imposition of U.S. tariffs and foreign country retaliatory tariffs, or the proposed imposition of additional or similar tariffs, in jurisdictions where we have manufacturing facilities or where our clients operate will increase our cost of doing business and could significantly impact our financial performance."

Vertiv Holdings, Form 10-Q for FY2025, Part I, Item 2, accession 0001628280-25-019372, filed 23 April 2025.

Filing: https://www.sec.gov/Archives/edgar/data/1674101/000162828025019372/vrt-20250331.htm

Comparison: https://yearover.com/reports/vrt/0001628280-26-026556?ref=quote

02RemovedPart I, Item 2 › Outlook and Trends

Summary · quote-checked

The outlook discussion of tariffs, geopolitical conditions, macroeconomic pressures, and operational mitigation was removed.

A substantive discussion of economic risks, potential business impacts, and management’s mitigation actions is no longer disclosed; this is more than wording or boilerplate.

Filing text · FY2025 10-Q · filed Apr 23, 2025

[removed] We are also continually monitoring the evolving macroeconomic environment, including monitoring inflationary and recessionary pressures resulting from the ongoing tariffs and geopolitical climate. These additional pressures could significantly impact the labor markets, exchange rates, customer demand, supply chain, capital markets and other economic conditions in the jurisdictions we operate throughout 2025 and beyond. As we monitor this ever-changing situation, we have been adjusting, and will continue to adjust, our operational plans in an effort to mitigate the impact of these pressures on our business and financial performance.

Filing text · FY2026 10-Q · filed Apr 22, 2026

No corresponding language in the FY2026 10-Q.

Cite this change

"These additional pressures could significantly impact the labor markets, exchange rates, customer demand, supply chain, capital markets and other economic conditions in the jurisdictions we operate throughout 2025 and beyond."

Vertiv Holdings, Form 10-Q for FY2025, Part I, Item 2, accession 0001628280-25-019372, filed 23 April 2025.

Filing: https://www.sec.gov/Archives/edgar/data/1674101/000162828025019372/vrt-20250331.htm

Comparison: https://yearover.com/reports/vrt/0001628280-26-026556?ref=quote

03RemovedPart I, Item 2 › Outlook and Trends

Summary · quote-checked

The current report removes a disclosure about capacity expansion, customer demand, manufacturing capacity, and new facilities.

The removed paragraph describes an operational capacity expansion and investment dependency, including expanded manufacturing capacity and a new facility, so the disclosed substance changed.

Filing text · FY2025 10-Q · filed Apr 23, 2025

[removed] • Capacity Expansion: We have invested in capacity expansion to meet current and anticipated additional customer demand. For example, since acquiring E&I in late 2021, we have approximately doubled our manufacturing capacity for switchgear, busbar and integrated solutions by opening new facilities and adding production to existing facilities. Additionally, in 2024, in order to support our thermal management activity, we opened a new manufacturing facility in Pune, India and a new facility in Pelzer, South Carolina to support the production of modular solutions, modular power systems and other infrastructure systems. We anticipate continuing to invest in capacity globally to provide the geographic presence that our customers need, and the ability to rapidly scale and to ensure resiliency.

Filing text · FY2026 10-Q · filed Apr 22, 2026

No corresponding language in the FY2026 10-Q.

Cite this change

"• Capacity Expansion: We have invested in capacity expansion to meet current and anticipated additional customer demand. For example, since acquiring E&I in late 2021, we have approximately doubled our manufacturing capacity for switchgear, busbar and integrated solutions by opening new facilities and adding production to existing facilities. Additionally, in 2024, in order to support our thermal management activity, we opened a new"

Vertiv Holdings, Form 10-Q for FY2025, Part I, Item 2, accession 0001628280-25-019372, filed 23 April 2025.

Filing: https://www.sec.gov/Archives/edgar/data/1674101/000162828025019372/vrt-20250331.htm

Comparison: https://yearover.com/reports/vrt/0001628280-26-026556?ref=quote

04RemovedPart I, Item 2 › Outlook and Trends

Summary · quote-checked

The current filing removes the disclosure about new facilities and continued global capacity investment to support customer needs and resiliency.

The removed paragraph stated planned facilities, capacity expansion, geographic coverage, scaling ability, and resiliency objectives—substantive outlook and investment disclosures rather than wording or boilerplate.

Filing text · FY2025 10-Q · filed Apr 23, 2025

• Capacity Expansion: We have invested in capacity expansion to meet current and anticipated additional customer demand. For example, since acquiring E&I in late 2021, we have approximately doubled our manufacturing capacity for switchgear, busbar and integrated solutions by opening new facilities and adding production to existing facilities. Additionally, in 2024, in order to support our thermal management activity, we opened a new [removed] manufacturing facility in Pune, India and a new facility in Pelzer, South Carolina to support the production of modular solutions, modular power systems and other infrastructure systems. We anticipate continuing to invest in capacity globally to provide the geographic presence that our customers need, and the ability to rapidly scale and to ensure resiliency.

Filing text · FY2026 10-Q · filed Apr 22, 2026

No corresponding language in the FY2026 10-Q.

Cite this change

"manufacturing facility in Pune, India and a new facility in Pelzer, South Carolina to support the production of modular solutions, modular power systems and other infrastructure systems. We anticipate continuing to invest in capacity globally to provide the geographic presence that our customers need, and the ability to rapidly scale and to ensure resiliency."

Vertiv Holdings, Form 10-Q for FY2025, Part I, Item 2, accession 0001628280-25-019372, filed 23 April 2025.

Filing: https://www.sec.gov/Archives/edgar/data/1674101/000162828025019372/vrt-20250331.htm

Comparison: https://yearover.com/reports/vrt/0001628280-26-026556?ref=quote

05RemovedPart I, Item 2 › Change in Fair Value of Warrant Liabilities

Summary · quote-checked

The MD&A discussion of private warrant fair-value changes, their exercise, and the absence of remaining warrants was removed.

The removed paragraph disclosed a warrant liability, a fair-value loss, warrant exercise, share issuance, and that no private warrants remained; removing it changes disclosed obligations and instruments.

Filing text · FY2025 10-Q · filed Apr 23, 2025

[removed] Change in fair value of warrant liabilities represents the mark-to-market fair value adjustments to the then outstanding private warrants. The change in fair value of the outstanding private warrants during the first three months of 2024 resulted in a loss of $176.6. The change in fair value of these warrants was the result of changes in market prices of our common stock, and other observable inputs deriving the value of the financial instruments. On December 6, 2024, Cote SPAC I LLC elected to exercise the remaining 5,266,667 outstanding private warrants on a cashless basis pursuant to the agreement governing the warrants, in exchange for which the Company issued 4,812,521 shares of Class A common stock. As of March 31, 2025, there were no private warrants outstanding.

Filing text · FY2026 10-Q · filed Apr 22, 2026

No corresponding language in the FY2026 10-Q.

Cite this change

"Change in fair value of warrant liabilities represents the mark-to-market fair value adjustments to the then outstanding private warrants. The change in fair value of the outstanding private warrants during the first three months of 2024 resulted in a loss of $176.6. The change in fair value of these warrants was the result of changes in market prices of our common stock, and other observable inputs deriving the value of the financial instruments. On December 6, 2024, Cote SPAC I LLC elected to exercise the remaining 5,266,667 outstanding private warrants on a cashless basis pursuant to the agreement governing the warrants, in exchange for which the Company issued 4,812,521 shares of Class A common stock. As of March 31, 2025, there were no private warrants outstanding."

Vertiv Holdings, Form 10-Q for FY2025, Part I, Item 2, accession 0001628280-25-019372, filed 23 April 2025.

Filing: https://www.sec.gov/Archives/edgar/data/1674101/000162828025019372/vrt-20250331.htm

Comparison: https://yearover.com/reports/vrt/0001628280-26-026556?ref=quote

What the company says differently

Paragraphs that changed between the two filings, shown as a word diff.

25 material changes

Part I, Item 2 · MD&A

5 of 25 shown · Ordered by the model, quote-checked

01ChangedPart I, Item 2 › Capital Resources and Liquidity

Summary · quote-checked

The disclosed indebtedness changed from a Term Loan and ABL Revolving Credit Facility to Senior Notes and a Senior Unsecured Revolving Credit Facility.

The paragraph removes existing debt instruments and adds different notes, maturities, principal amounts and revolving-credit commitments, changing disclosed obligations and liquidity dependencies.

Why the model ranked it here

The debt structure changed materially, replacing prior secured borrowings with different senior notes and a substantially different revolving-credit commitment.

Filing text · FY2025 10-Q · filed Apr 23, 2025

~~[removed] We, through our subsidiaries,~~ are party to certain indebtedness arrangements, including the Senior Secured ~~[removed] Notes,~~ due 2028, with an outstanding principal amount of $850.0 as of March 31, ~~[removed] 2025 (the "Notes"), the Term Loan, due 2027, with an outstanding~~ principal amount of [removed] $2,091.7 as of March 31, 2025 (the "Term Loan"), and the ABL Revolving Credit Facility, due 2029, providing up to $800.0 of revolving borrowings, with separate sublimits for letters of credit and swingline borrowings and an uncommitted accordion of up to $200.0, for which none was outstanding as of March 31, 2025 (the "ABL Revolving Credit ~~[removed] Facility" and collectively with the Term Loan, the "Senior Secured Credit Facilities").~~

Filing text · FY2026 10-Q · filed Apr 22, 2026

[added] We and our subsidiaries are party to certain indebtedness arrangements, including the Senior Secured [added] Notes due 2028, with an outstanding principal amount of $850.0 as of March 31, [added] 2026 (the "Senior Secured Notes"), the Senior Notes in aggregate principal amount $2,100.0, consisting of $600.0 aggregate principal amount of [added] 4.850% Senior Notes due 2036 (the "2036 Notes"), $500.0 aggregate principal amount of 5.650% Senior Notes due 2046 (the "2046 Notes"), $500.0 aggregate principal amount of 5.800% Senior Notes due 2056 (the "2056 Notes") and $500.0 aggregate principal amount of 5.950% Senior Notes due 2066 (the "2066 Notes" and, together with the 2036 Notes, the 2046 Notes and the 2056 Notes, the "Senior Notes"), and the Senior Unsecured Revolving Credit Facility in an aggregate committed amount of $2,500.0 (the "Senior Unsecured Revolving Credit [added] Facility"), a portion of which is available for the issuance of letters of credit.

Cite this change

"We and our subsidiaries are party to certain indebtedness arrangements, including the Senior Secured Notes due 2028, with an outstanding principal amount of $850.0 as of March 31, 2026 (the "Senior Secured Notes"), the Senior Notes in aggregate principal amount $2,100.0, consisting of $600.0 aggregate principal amount of 4.850% Senior Notes due 2036 (the "2036 Notes"), $500.0 aggregate principal amount of 5.650% Senior Notes due 2046 (the "2046 Notes"), $500.0 aggregate principal amount of 5.800% Senior Notes due 2056 (the "2056 Notes") and $500.0 aggregate principal amount of 5.950% Senior Notes due 2066 (the "2066 Notes" and, together with the 2036 Notes, the 2046 Notes and the 2056 Notes, the "Senior Notes"), and the Senior Unsecured Revolving Credit Facility in an aggregate committed amount of $2,500.0 (the "Senior Unsecured Revolving Credit Facility"), a portion of which is available for the issuance of letters of credit."

Vertiv Holdings, Form 10-Q for FY2026, Part I, Item 2, accession 0001628280-26-026556, filed 22 April 2026.

Filing: https://www.sec.gov/Archives/edgar/data/1674101/000162828026026556/vrt-20260331.htm

Comparison: https://yearover.com/reports/vrt/0001628280-26-026556?ref=quote

02ChangedPart I, Item 2 › Capital Resources and Liquidity

Summary · quote-checked

Liquidity resources now include short-term investments, and the referenced revolving credit facility changes from ABL to senior unsecured.

The paragraph changes the stated sources of near-term liquidity and identifies a different credit facility, altering disclosed liquidity dependencies beyond grammatical restructuring.

Why the model ranked it here

The stated liquidity base now depends on short-term investments and a different revolving-credit facility, changing the company’s disclosed sources of near-term funding.

Filing text · FY2025 10-Q · filed Apr 23, 2025

We believe our current ~~[removed] cash and cash equivalent~~ levels, augmented by availability under the ~~[removed] ABL~~ Revolving Credit Facility, will provide adequate near-term liquidity for the next 12 months of independent operations, ~~[removed] as well as the resources necessary~~ to invest for growth in existing ~~[removed] businesses~~ and manage our capital structure on a short- and long-term basis. We expect to continue to opportunistically access the capital and financing markets from time to time. Access to capital and the availability of financing on acceptable terms in the future will be affected by many factors, including our credit rating, economic conditions, and the overall liquidity of capital markets. There can be no assurance that we will continue to have access to the capital and financing markets on acceptable terms.

Filing text · FY2026 10-Q · filed Apr 22, 2026

We believe our current [added] cash, cash equivalent, and short-term investment levels, augmented by availability under the [added] Senior Unsecured Revolving Credit Facility, will provide adequate near-term liquidity for the next 12 months of independent operations, [added] allow us to invest for growth in existing [added] businesses, and manage our capital structure on a short- and long-term basis. We expect to continue to opportunistically access the capital and financing markets from time to time. Access to capital and the availability of financing on acceptable terms in the future will be affected by many factors, including our credit rating, economic conditions, and the overall liquidity of capital markets. There can be no assurance that we will continue to have access to the capital and financing markets on acceptable terms.

Cite this change

"We believe our current cash, cash equivalent, and short-term investment levels, augmented by availability under the Senior Unsecured Revolving Credit Facility, will provide adequate near-term liquidity for the next 12 months of independent operations, allow us to invest for growth in existing businesses, and manage our capital structure on a short- and long-term basis."

Vertiv Holdings, Form 10-Q for FY2026, Part I, Item 2, accession 0001628280-26-026556, filed 22 April 2026.

Filing: https://www.sec.gov/Archives/edgar/data/1674101/000162828026026556/vrt-20260331.htm

Comparison: https://yearover.com/reports/vrt/0001628280-26-026556?ref=quote

03ChangedPart I, Item 2 › Europe, Middle East & Africa

Summary · quote-checked

Operating profit shifted from an increase driven by fixed-cost leverage and employee-related benefits to a decrease attributed primarily to operating leverage.

The reported direction changed from increased profit to decreased profit, and the stated drivers changed, making the MD&A assertion substantively different.

Why the model ranked it here

Operating profit shifted from growth to decline, materially changing the reported direction of operating performance and its stated cause.

Filing text · FY2025 10-Q · filed Apr 23, 2025

Operating profit (loss) in the first quarter of ~~[removed] 2025 was $45.7, an increase of $15.3~~ compared with the first quarter of ~~[removed] 2024 mainly driven by leveraging our fixed costs and a benefit~~ due to ~~[removed] employee related costs in the first quarter of 2024.~~

Filing text · FY2026 10-Q · filed Apr 22, 2026

Operating profit (loss) in the first quarter of [added] 2026 was $53.5, a decrease of $25.2, or 32.0%, compared with the first quarter of [added] 2025. Margin decreased primarily due to [added] operating leverage.

Cite this change

"Operating profit (loss) in the first quarter of 2026 was $53.5, a decrease of $25.2, or 32.0%, compared with the first quarter of 2025. Margin decreased primarily due to operating leverage."

Vertiv Holdings, Form 10-Q for FY2026, Part I, Item 2, accession 0001628280-26-026556, filed 22 April 2026.

Filing: https://www.sec.gov/Archives/edgar/data/1674101/000162828026026556/vrt-20260331.htm

Comparison: https://yearover.com/reports/vrt/0001628280-26-026556?ref=quote

04ChangedPart I, Item 2 › Europe, Middle East & Africa

Summary · quote-checked

EMEA net sales shifted from growth to decline, with changed sales drivers and product and services results.

The paragraph changes the direction of results and replaces volume and foreign-currency explanations with softer demand and different product and services movements.

Why the model ranked it here

EMEA sales shifted from growth to a substantial decline attributed to softer demand, signaling a materially weaker regional market result.

Filing text · FY2025 10-Q · filed Apr 23, 2025

Europe, Middle East & Africa net sales of ~~[removed] $403.5~~ in the first quarter of ~~[removed] 2025, increased by $21.7, or 5.7%,~~ from the first quarter of ~~[removed] 2024. Sales increases were primarily~~ due to ~~[removed] increased volumes due to products increasing by $21.7, partially offset by the negative impact of foreign currency of approximately $5.6. Sales of~~ services & spares ~~[removed] remained flat~~ compared to the first quarter of ~~[removed] 2024.~~

Filing text · FY2026 10-Q · filed Apr 22, 2026

Europe, Middle East & Africa net sales of [added] $321.4 in the first quarter of [added] 2026, decreased by $82.1, or (20.3)%, from the first quarter of [added] 2025 due to [added] softer market demands from prior periods. Sales were positively impacted by foreign currency by approximately $36.1. Net sales of products decreased by $84.8 and services & spares [added] increased by $2.7 compared to the first quarter of [added] 2025.

Cite this change

"Europe, Middle East & Africa net sales of $321.4 in the first quarter of 2026, decreased by $82.1, or (20.3)%, from the first quarter of 2025 due to softer market demands from prior periods."

Vertiv Holdings, Form 10-Q for FY2026, Part I, Item 2, accession 0001628280-26-026556, filed 22 April 2026.

Filing: https://www.sec.gov/Archives/edgar/data/1674101/000162828026026556/vrt-20260331.htm

Comparison: https://yearover.com/reports/vrt/0001628280-26-026556?ref=quote

05ChangedPart I, Item 2 › Net Cash provided by (used for) Financing Activities

Summary · quote-checked

Financing cash flow changed from cash used to cash provided, with debt issuance and option exercises replacing share repurchases as primary drivers.

The cash-flow direction changed, and the stated drivers shifted from reduced share repurchases to increased long-term debt proceeds and employee stock-option exercises.

Why the model ranked it here

Financing cash flow reversed from using cash to providing cash, with debt issuance replacing reduced share repurchases as a principal driver.

Filing text · FY2025 10-Q · filed Apr 23, 2025

Net cash ~~[removed] used for~~ financing activities was ~~[removed] $24.9~~ in the first ~~[removed] three months of 2025~~ compared to ~~[removed] $603.1~~ used for financing activities in the first ~~[removed] three months of 2024. The decrease~~ in cash ~~[removed] used in 2025~~ was primarily the result of a ~~[removed] $599.9 decrease in repurchase of common shares, offset by a $13.1 decrease~~ in exercise of employee stock options, ~~[removed] a $4.9 increase in dividend payment and a $3.7~~ increase in ~~[removed] employee taxes paid for shares withheld.~~

Filing text · FY2026 10-Q · filed Apr 22, 2026

Net cash [added] provided by financing activities was [added] $11.9 in the first [added] quarter of 2026 compared to [added] $24.9 used for financing activities in the first [added] quarter of 2025. The increase in cash [added] provided in 2026 was primarily the result of a [added] $29.2 increase in proceeds from the issuance of long-term debt, and a $22.2 increase in exercise of employee stock options, [added] offset by a $9.7 increase in [added] dividend payments.

Cite this change

"The increase in cash provided in 2026 was primarily the result of a $29.2 increase in proceeds from the issuance of long-term debt, and a $22.2 increase in exercise of employee stock options"

Vertiv Holdings, Form 10-Q for FY2026, Part I, Item 2, accession 0001628280-26-026556, filed 22 April 2026.

Filing: https://www.sec.gov/Archives/edgar/data/1674101/000162828026026556/vrt-20260331.htm

Comparison: https://yearover.com/reports/vrt/0001628280-26-026556?ref=quote

Show all 25 in Part I, Item 2 (20 more, in filing order)

What the company reported as changed this quarter

We have not parsed the annual report this quarter's risk factors refers to, so we cannot tell whether it restates the section or reports changes to it. Nothing is compared until we can.

Part II, Item 1A · Risk Factors

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