The adjusted EPS miss and GAAP loss expansion are negative, but the 31% revenue growth and 16% Adjusted EBITDA growth, plus the accretive Monaco acquisition, provide offsetting positives. Monitor the Q3 2026 conference call for guidance on integration of Monaco and the trajectory of the Fire Safety segment's growth, which slowed to 7% in Q2.
Price Chart
Executive Summary
Perimeter Solutions reported Q2 2026 adjusted EPS of $0.35, missing the $0.42 consensus by 16.7%, while revenue of $213.8M slightly missed the $216.9M estimate. The GAAP net loss widened to -$181.6M from -$32.2M a year ago, driven by a $266.3M non-cash founder advisory fee charge, but Adjusted EBITDA grew 16% to $105.6M on strong Specialty Products growth. The company also acquired Monaco Enterprises for $120M, adding >$11M in annualized EBITDA, partially offsetting the earnings miss with a strategic bolt-on acquisition.
Key Financial Metrics
Key Facts
- Q2 2026 adjusted EPS of $0.35 missed consensus of $0.42 by 16.7%
- Revenue grew 31% YoY to $213.8M, slightly below $216.9M consensus
- GAAP net loss was -$181.6M vs -$32.2M a year ago, driven by $266.3M founder advisory fee charge
- Adjusted EBITDA rose 16% to $105.6M; Specialty Products segment Adjusted EBITDA grew 96% to $26.8M
- Acquired Monaco Enterprises for $120M cash, expected to contribute >$11M annualized EBITDA at ~10.5x EV/EBITDA
- Cash used in operations was -$89.6M YTD; cash balance fell to $82.8M from $325.9M at year-end 2025
- Long-term debt increased to $1.21B from $669M, reflecting MMT and Monaco acquisition financing
Financial Impact
Adjusted EPS miss of $0.07 vs consensus; revenue miss of $3.1M; $120M bolt-on acquisition at ~10.5x EBITDA
Risk Factors
- GAAP net loss widening due to large non-cash founder advisory fee charges
- Fire Safety segment growth decelerated to 7% from 22% in Q1, raising seasonality concerns
- Cash burn from acquisitions and operations reduced cash by $243M YTD; debt load increased to $1.21B
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001880319-26-000044 |
| Document: prm-20260731.htm | 0001880319-26-000044 |
| Document: 0001880319-26-000044-index-headers.html | 0001880319-26-000044 |
| Document: 0001880319-26-000044-index.html | 0001880319-26-000044 |
| Document: 0001880319-26-000044.txt | 0001880319-26-000044 |
| 8-K Data (Synthetic) | 0001880319-26-000044 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 22, 2026 4d ago | Press Release | $27.80 | awaiting T+60 | — | $28.10 (+1.08%) |
Jul 31, 2026 12w ago | 8-K | $30.61 $28.10 | ▼ −8.20% | ▼ −10.65% | $28.10 (−8.20%) |
Jul 31, 2026 12w ago | Press Release | $30.61 $28.10 | ▲ +8.20% | ▲ +10.65% | $28.10 (+8.20%) |
Jul 23, 2026 13w ago | Press Release | $33.73 $26.35 | ▼ −21.88% | ▼ −25.17% | $28.10 (−16.69%) |
Jun 12, 2026 19w ago | 144 | $36.36 $31.23 | ▼ −14.11% | ▼ −15.11% | $28.10 (−22.72%) |
May 15, 2026 23w ago | Insider Cluster | $33.44 $34.56 | ▲ +3.35% | ▼ −1.50% | $28.10 (−15.97%) |
May 6, 2026 24w ago | 8-K | $27.41 $30.61 | ▲ +11.67% | ▲ +9.61% | $28.10 (+2.52%) |
May 6, 2026 24w ago | Press Release | $27.41 $30.61 | ▲ +11.67% | ▲ +9.61% | $28.10 (+2.52%) |
Apr 21, 2026 26w ago | Press Release | $30.65 $34.42 | ▲ +12.30% | ▲ +7.52% | $28.10 (−8.32%) |
Apr 17, 2026 27w ago | DEFA14A | $27.80 $33.32 | ▲ +19.86% | ▲ +13.71% | $28.10 (+1.08%) |
US Market Status
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