“Interest expense, net increased $24.4 million for the six months ended June 30, 2026, compared to the same period in 2025, primarily due to higher average debt outstanding resulting from the Company’s offering of the 2034 Notes in January 2026.”10-Q · Jul 31, 2026 ↗
Perimeter Solutions, Inc.
PRM
Market read
Perimeter Solutions, Inc.'s current read is isolated; its market group is not confirming.
The latest filing is mixed. 0 of 14 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 0 directly disclosed connections are confirming.
- Revenue increased 73.6% versus the comparable filing period.
- Operating margin fell 50.1 percentage points.
- Reported interest expense rose materially year-over-year, attributed primarily to higher average debt outstanding from the January 2026 issuance of the 2034 Notes.
Invalidation: The isolated read changes if PRM's group or a disclosed connection begins moving with it.
Research brief
The story so far
The latest filing is mixed. 0 of 14 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 0 directly disclosed connections are confirming.
- Revenue increased 73.6% versus the comparable filing period.
- Net income increased 28.7% versus the comparable filing period.
- Operating margin fell 50.1 percentage points.
- Net margin fell 20.4 percentage points.
- Operating cash flow covered only -1.22x net income.
- Reported interest expense rose materially year-over-year, attributed primarily to higher average debt outstanding from the January 2026 issuance of the 2034 Notes.
Company research
Understand the business, not just the ticker
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
- Which operating variable is changing?
- Is that change durable, cyclical or one-off?
- What evidence would disprove the current interpretation?
- Latest annual revenue changed +16.4% year over year.
- Operating margin changed -30.1 percentage points in the latest annual period.
- Net margin changed -30.6 percentage points in the latest annual period.
- Diluted shares increased 3.2% in the latest annual period.
- EV/sales is 126% above the available filing-peer median; determine whether growth and quality justify the difference.
Price as of Sep 10, 2026
30.52Reported annual revenue and per-share history. This is accounting history, not a forecast.
What management says matters
Persistent and emerging business drivers
“The increase in the Fire Safety segment of $2.4 million was primarily due to a $3.6 million increase in personnel related expenses, offset by a $1.2 million decrease in material, manufacturing and freight costs.”10-Q · Oct 30, 2025 ↗
Valuation discipline
Descriptive valuation snapshot
Price/sales 7.0× · EV/sales 7.6×. Comparisons use only industry-matched filing peers.
Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.
Price action
How the market is pricing the story
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 10 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
No sourced recent-development timeline yet
Jodie has not returned a relevant primary source or news item for PRM. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Reported financial figures are not available yet
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Latest filing assessment · baseline
The latest filing presents a mixed picture
10-Q filed 2026-05-06 against the comparable filing from 2025-05-08.
What improved
- Revenue increased 73.6% versus the comparable filing period.
- Net income increased 28.7% versus the comparable filing period.
What weakened
- Operating margin fell 50.1 percentage points.
- Net margin fell 20.4 percentage points.
- Operating cash flow covered only -1.22x net income.
Filing receipts
“Interest expense, net increased $14.7 million for the three months ended March 31, 2026, compared to the same period in 2025, primarily due to higher average debt outstanding resulting from the Company’s offering of the 2034 Notes in January 2026.”
“The decrease in the fair value of the Annual Advisory Amounts for the three months ended March 31, 2026 of $76.4 million was primarily due to a decrease in the Company’s average price per share from $27.89 as of December 31, 2025 to $21.93 as of March 31, 2026.”
“The decrease in the fair value of the Annual Advisory Amounts for the three months ended March 31, 2025 of $80.6 million was primarily due to a decrease in the Company’s average price per share from $12.85 as of December 31, 2024, to $9.67 as of March 31, 2025.”
Retrospective baseline calibration. It was generated after the filing date and is not part of Jodie's live track record.
Business ecosystem
The relationships behind PRM
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Filing peers
Companies whose filings use similar operating language.
Open the three relationships above to see Jodie’s filing proof. Pro unlocks 1 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →
What is moving around it
Live connections
PRM is currently a Follower in the organic co-movement group Mixed Sector Exposure. This group is discovered from market behaviour rather than assigned from an industry taxonomy. No verified filing-linked names are available yet.
Context history
Theme membership history
No durable theme membership has been observed for this name yet.