Vertiv Holdings Co (VRT) balance sheet
NYSE · Industrials · Electrical Equipment & Parts · 34,000 employees · CEO Giordano Albertazzi
- Price
- $232.50 -5.46%
- Market cap
- $89.5B
- Enterprise value
- $89.3B
- Last report
- Q3 '26 filed 2026-10-28
- Next report
- 2027-02-10 EPS est. $2.27
At the end of Q3 '26 Vertiv Holdings Co (VRT) held $3.71B in cash and short-term investments against $3.27B of debt incl. leases. Total assets $18.2B, total liabilities $12.7B, shareholders' equity $5.5B.
Balance sheet
| Balance sheet | Trend | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||||||
| Cash & equivalents | $780M | $276M | $580M | $909M | $1.23B | $1.47B | $1.64B | $1.4B | $1.73B | $2.15B | $2.81B | $3.51B | |
| Short-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $98.2M | $545M | $99.5M | $350M | $300M | $199M | |
| Receivables | $2.12B | $2.1B | $2.22B | $2.33B | $2.36B | $2.31B | $2.83B | $2.81B | $3.11B | $3.15B | $3.75B | $4.38B | |
| Inventory | $884M | $987M | $1.1B | $1.26B | $1.24B | $1.38B | $1.41B | $1.44B | $1.46B | $1.83B | $2.52B | $3.29B | |
| Other current assets | $219M | $272M | $289M | $312M | $267M | $300M | $319M | $361M | $426M | $501M | $601M | $744M | |
| Current assets | $4B | $3.63B | $4.19B | $4.8B | $5.1B | $5.46B | $6.3B | $6.55B | $6.82B | $7.98B | $9.98B | $12.1B | |
| Property, plant & equipment (net) | $734M | $750M | $751M | $780M | $827M | $841M | $911M | $982M | $1.22B | $1.33B | $1.57B | $1.74B | |
| Long-term investments | $44.5M | $50.4M | $46.6M | $27.3M | $33.3M | $22.6M | $14.7M | $9.8M | $0 | $0 | $0 | $0 | |
| Goodwill | $1.33B | $1.32B | $1.32B | $1.35B | $1.32B | $1.34B | $1.37B | $1.44B | $2.03B | $2.02B | $2.28B | $2.28B | |
| Intangible assets | $1.67B | $1.62B | $1.58B | $1.57B | $1.49B | $1.46B | $1.45B | $1.51B | $1.89B | $1.81B | $1.8B | $1.74B | |
| Deferred tax assets | $160M | $159M | $161M | $297M | $303M | $269M | $292M | $259M | $180M | $178M | $170M | $172M | |
| Other non-current assets | $55.9M | $60.8M | $58.8M | $61M | $58.7M | $54M | $58.5M | $65.1M | $60M | $79.7M | $90.4M | $124M | |
| Non-current assets | $4B | $3.96B | $3.92B | $4.09B | $4.03B | $3.99B | $4.1B | $4.27B | $5.39B | $5.42B | $5.92B | $6.05B | |
| Total assets | $8B | $7.59B | $8.11B | $8.89B | $9.13B | $9.45B | $10.4B | $10.8B | $12.2B | $13.4B | $15.9B | $18.2B | |
| Liabilities | |||||||||||||
| Accounts payable | $986M | $984M | $1.1B | $1.24B | $1.32B | $1.41B | $1.61B | $1.72B | $1.76B | $1.95B | $2.47B | $3.24B | |
| Accrued expenses | $569M | $143M | $176M | $186M | $567M | $488M | $188M | $617M | $702M | $607M | $257M | $1.2B | |
| Short-term debt | $21.8M | $21.2M | $21.2M | $21.2M | $21M | $21M | $21M | $20.9M | $20.9M | $0 | $0 | $3.4M | |
| Taxes payable | $46.5M | $56.6M | $74M | $124M | $83.7M | $127M | $153M | $23.7M | $43.4M | $73.5M | $74.8M | $146M | |
| Deferred revenue | $639M | $735M | $889M | $1.02B | $1.06B | $1.1B | $1.26B | $1.13B | $1.81B | $2.46B | $3.63B | $4.12B | |
| Other current liabilities | $0 | $725M | $778M | $861M | $0 | $0 | $335M | $0 | $0 | $177M | $722M | $146M | |
| Current liabilities | $2.31B | $2.71B | $3.08B | $3.49B | $3.1B | $3.18B | $3.61B | $3.58B | $4.41B | $5.34B | $7.24B | $8.71B | |
| Long-term debt | $2.92B | $2.92B | $2.91B | $2.91B | $2.91B | $2.9B | $2.9B | $2.9B | $2.89B | $2.92B | $2.94B | $2.93B | |
| Lease obligations (non-current) | $143M | $153M | $150M | $155M | $171M | $172M | $203M | $231M | $245M | $270M | $316M | $340M | |
| Deferred revenue (non-current) | $61.8M | $67.3M | $71.1M | $80.7M | $91.3M | $96.1M | $106M | $106M | $108M | $145M | $123M | $0 | |
| Deferred tax liabilities | $160M | $155M | $159M | $240M | $240M | $238M | $253M | $285M | $233M | $221M | $234M | $249M | |
| Other non-current liabilities | $395M | $197M | $197M | $203M | $191M | $190M | $204M | $211M | $386M | $253M | $287M | $449M | |
| Non-current liabilities | $3.68B | $3.49B | $3.49B | $3.59B | $3.6B | $3.6B | $3.67B | $3.73B | $3.86B | $3.81B | $3.9B | $3.96B | |
| Total liabilities | $5.98B | $6.2B | $6.57B | $7.08B | $6.7B | $6.78B | $7.28B | $7.31B | $8.27B | $9.16B | $11.1B | $12.7B | |
| Equity | |||||||||||||
| Retained earnings | -$692M | -$707M | -$538M | -$371M | -$238M | -$88M | $222M | $606M | $1.03B | $1.39B | $1.87B | $2.61B | |
| Accumulated other comprehensive income | -$4.5M | -$38.8M | -$65.1M | $33.1M | -$149M | -$75.2M | $45.2M | $19.2M | $18.2M | -$76.2M | -$65.2M | -$81.4M | |
| Shareholders' equity | $2.01B | $1.39B | $1.54B | $1.81B | $2.43B | $2.67B | $3.13B | $3.51B | $3.94B | $4.24B | $4.76B | $5.5B | |
| Debt | |||||||||||||
| Total debt (incl. leases) | $3.13B | $3.14B | $3.13B | $3.13B | $3.15B | $3.14B | $3.18B | $3.21B | $3.23B | $3.26B | $3.34B | $3.27B | |
| Net debt (debt - cash) | $2.35B | $2.86B | $2.55B | $2.22B | $1.92B | $1.68B | $1.54B | $1.82B | $1.5B | $1.11B | $528M | -$245M | |
| Balance sheet | Trend | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||||
| Cash & equivalents | $0 | $0 | $836K | $234M | $535M | $439M | $261M | $780M | $1.23B | $1.73B | |
| Short-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $99.5M | |
| Receivables | $25K | $25K | $0 | $1.21B | $1.35B | $1.54B | $1.89B | $2.12B | $2.36B | $3.11B | |
| Inventory | $0 | $0 | $0 | $401M | $447M | $616M | $822M | $884M | $1.24B | $1.46B | |
| Other current assets | $0 | $0 | $0 | $180M | $183M | $107M | $187M | $219M | $267M | $426M | |
| Current assets | $25K | $25K | $1.18M | $2.02B | $2.52B | $2.7B | $3.16B | $4B | $5.1B | $6.82B | |
| Property, plant & equipment (net) | $0 | $463M | $442M | $428M | $428M | $489M | $656M | $734M | $827M | $1.22B | |
| Long-term investments | $0 | $0 | $696M | $0 | $0 | $16.1M | $73.3M | $44.5M | $33.3M | $0 | |
| Goodwill | $0 | $596M | $634M | $606M | $607M | $1.33B | $1.28B | $1.33B | $1.32B | $2.03B | |
| Intangible assets | $0 | $1.66B | $1.56B | $1.44B | $1.3B | $2.14B | $1.82B | $1.67B | $1.49B | $1.89B | |
| Deferred tax assets | $0 | $0 | -$3.34B | $9M | $20.9M | $47.9M | $46.4M | $160M | $303M | $180M | |
| Other non-current assets | $0 | $98.3M | $696M | $155M | $197M | $219M | $60.7M | $55.9M | $58.7M | $60M | |
| Non-current assets | $0 | $2.82B | $696M | $2.64B | $2.56B | $4.24B | $3.94B | $4B | $4.03B | $5.39B | |
| Total assets | $25K | $25K | $697M | $4.66B | $5.07B | $6.94B | $7.1B | $8B | $9.13B | $12.2B | |
| Liabilities | |||||||||||
| Accounts payable | $0 | $1.28K | $1.18M | $6.6M | $731M | $859M | $984M | $986M | $1.32B | $1.76B | |
| Accrued expenses | $0 | $0 | $539K | $145M | $527M | $190M | $469M | $569M | $567M | $702M | |
| Short-term debt | $0 | $0 | $0 | $35M | $22M | $21.8M | $21.8M | $21.8M | $21M | $20.9M | |
| Taxes payable | $0 | $0 | $94.4K | $15.2M | $18.8M | $21.1M | $19.7M | $46.5M | $83.7M | $43.4M | |
| Deferred revenue | $0 | $0 | $0 | $0 | $236M | $291M | $359M | $639M | $1.06B | $1.81B | |
| Other current liabilities | $0 | $0 | -$539K | $487M | $165M | $331M | $0 | $0 | $0 | $0 | |
| Current liabilities | $0 | $1.28K | $1.28M | $30.8M | $1.74B | $1.85B | $1.9B | $2.31B | $3.1B | $4.41B | |
| Long-term debt | $0 | $0 | $0 | $3.47B | $2.13B | $2.95B | $3.17B | $2.92B | $2.91B | $2.89B | |
| Lease obligations (non-current) | $0 | $0 | $0 | $78.2M | $107M | $116M | $132M | $143M | $171M | $245M | |
| Deferred revenue (non-current) | $0 | $0 | $0 | $41.3M | $38.8M | $59.9M | $49.5M | $61.8M | $91.3M | $108M | |
| Deferred tax liabilities | $0 | $0 | $0 | $0 | $117M | $199M | $177M | $160M | $240M | $233M | |
| Other non-current liabilities | $0 | $0 | $24.2M | $256M | $427M | $342M | $229M | $395M | $191M | $386M | |
| Non-current liabilities | $0 | $0 | $24.2M | $3.84B | $2.82B | $3.67B | $3.76B | $3.68B | $3.6B | $3.86B | |
| Total liabilities | $0 | $1.28K | $25.4M | $5.36B | $4.56B | $5.52B | $5.65B | $5.98B | $6.7B | $8.27B | |
| Equity | |||||||||||
| Common stock & paid-in capital | $1.73K | $1.73K | $667M | $673M | $0 | $0 | $0 | $0 | $0 | $0 | |
| Retained earnings | -$303K | -$305K | $4.73M | $5M | -$1.33B | -$1.22B | -$1.14B | -$692M | -$238M | $1.03B | |
| Accumulated other comprehensive income | $0 | $0 | $0 | $18.1M | $51.5M | $35.6M | -$46.2M | -$4.5M | -$149M | $18.2M | |
| Shareholders' equity | $25K | $23.7K | $672M | $678M | $512M | $1.42B | $1.44B | $2.01B | $2.43B | $3.94B | |
| Debt | |||||||||||
| Total debt (incl. leases) | $0 | $0 | $0 | $3.58B | $2.3B | $3.13B | $3.37B | $3.13B | $3.15B | $3.23B | |
| Net debt (debt - cash) | $0 | $0 | -$836K | $3.35B | $1.77B | $2.69B | $3.11B | $2.35B | $1.92B | $1.5B | |
Standardised by Financial Modeling Prep from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in USD.
Cash, investments and debt
quarter endsThe other statements
Sources
Statements, segment revenue, metrics, estimates: Financial Modeling Prep. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-09-30, 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30
Data as of 2026-11-01