$NIQ

NIQ Global Intelligence plc

CIK:0002054696|SEC Filings

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Income Statement [Abstract]
Revenues	$ 1,124.2	$ 1,040.8	$ 2,196.9	$ 2,006.7
Operating expenses:
Cost of revenues (excluding depreciation and amortization shown separately below)	500.0	449.2	975.0	880.0
Selling, general and administrative expenses	401.3	403.1	797.4	774.8
Depreciation and amortization	154.5	153.8	308.2	302.3
Impairment of long-lived assets	0.3	0.4	0.3	1.1
Restructuring, net	8.7	0.4	73.6	5.0
Other operating income, net	(5.9)	(5.5)	(12.7)	(11.6)
Total operating expenses	1,058.9	1,001.4	2,141.8	1,951.6
Operating income	65.3	39.4	55.1	55.1
Interest expense, net	(55.1)	(95.2)	(113.6)	(178.7)
Foreign currency exchange gain, net	0.7	57.4	6.3	89.4
Nonoperating (expense) income, net	(1.5)	21.4	(1.5)	(37.4)
Income (loss) before income taxes	9.4	23.0	(53.7)	(71.6)
Income tax expense	(37.6)	(23.8)	(63.2)	(47.1)
Net loss	(28.2)	(0.8)	(116.9)	(118.7)
Less: Net income attributable to noncontrolling interests	2.3	1.9	3.7	3.8
Net loss attributable to NIQ	$ (30.5)	$ (2.7)	$ (120.6)	$ (122.5)
Earnings Per Share [Abstract]
Loss attributable to NIQ, basic (in dollars per share)	$ (0.10)	$ (0.01)	$ (0.41)	$ (0.50)
Loss attributable to NIQ, diluted (in dollars per share)	$ (0.10)	$ (0.01)	$ (0.41)	$ (0.50)
Weighted average basic NIQ ordinary shares outstanding (in shares)	295,062,857	245,000,000	295,053,798	245,000,000
Weighted average diluted NIQ ordinary shares outstanding (in shares)	295,062,857	245,000,000	295,053,798	245,000,000

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Operating Activities:
Net loss	$ (116.9)	$ (118.7)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Depreciation and amortization	308.2	302.3
Share-based compensation	20.2	2.8
Amortization of debt discount and debt issuance costs	14.0	29.3
Remeasurement of warrant to fair value	0.0	34.6
Impairment of long-lived assets	0.3	1.1
Provision for credit losses	2.8	2.3
Non-cash foreign currency exchange gain, net	0.0	(85.2)
Gain on deconsolidation of subsidiaries and related adjustments	0.0	(5.2)
Write-off of unamortized debt discount and debt issuance costs	0.0	10.3
Gain on disposal of business	0.0	(4.9)
Other operating activities, net	10.2	(7.2)
Changes in assets and liabilities:
Trade and other receivables, net	(182.2)	(94.4)
Prepaid expenses and other current assets	(96.3)	(120.8)
Accounts payable and other current liabilities	43.4	(136.5)
Deferred revenues	112.5	35.4
Operating leases, net	(3.4)	(4.4)
Other noncurrent assets and liabilities	(36.3)	(3.0)
Net cash provided by (used in) operating activities	76.5	(162.2)
Investing Activities:
Acquisition of business, net of cash acquired	(4.9)	0.0
Payment for asset acquisition	0.0	(11.3)
Proceeds from sale of business, net of cash disposed	0.0	67.7
Additions to property and equipment	(8.1)	(11.8)
Additions to intangible assets	(117.5)	(105.5)
Other investing activities, net	5.5	(5.8)
Net cash used in investing activities	(125.0)	(66.7)
Financing Activities:
Proceeds from debt and other financing arrangements	145.9	810.3
Repayments of debt and other financing arrangements	(173.9)	(600.6)
Debt issuance costs paid	0.0	(2.5)
Payments of deferred offering costs	0.0	(2.2)
Finance leases	(16.0)	(7.8)
Cash dividends paid to noncontrolling interests	(0.4)	(3.4)
Other financing activities, net	(1.3)	10.5
Net cash (used in) provided by financing activities	(45.7)	204.3
Effect of exchange-rate changes on cash and cash equivalents	(8.0)	20.3
Net decrease in cash and cash equivalents	(102.2)	(4.3)
Cash and cash equivalents at beginning of period	518.8	266.2
Cash and cash equivalents at end of period	416.6	261.9
Supplemental Disclosures of Cash Flow Information:
Cash paid for interest	113.1	167.5
Cash paid for income taxes, net of refunds received	58.2	60.2
Supplemental Disclosures of Non-Cash Items:
Capital expenditures in accounts payable	$ 2.8	$ 7.3

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Millions	Jun. 30, 2026	Dec. 31, 2025
Current assets:
Cash and cash equivalents	$ 416.6	$ 518.8
Trade receivables, net	852.3	695.6
Other receivables	113.4	104.3
Prepaid expenses and other current assets	256.1	131.4
Total current assets	1,638.4	1,450.1
Property and equipment, net	179.9	208.2
Operating lease right-of-use assets	189.6	203.7
Intangible assets, net	2,013.1	2,191.4
Goodwill	2,405.2	2,431.7
Deferred income taxes	34.4	27.8
Other noncurrent assets	300.9	289.1
Total assets	6,761.5	6,802.0
Current liabilities:
Accounts payable	196.1	224.4
Accrued expenses	669.8	631.7
Deferred revenues	369.3	262.0
Short-term debt and current portion of long-term debt	100.6	107.5
Other current liabilities	172.9	177.5
Total current liabilities	1,508.7	1,403.1
Long-term debt	3,448.7	3,502.6
Operating lease liabilities	188.5	205.5
Deferred income taxes	128.1	123.4
Other noncurrent liabilities	340.0	341.8
Total liabilities	5,614.0	5,576.4
Commitments and contingencies (Note 16)
Shareholders' equity:
Ordinary shares and Euro deferred shares	0.0	0.0
Preferred shares; $0.00001 nominal value per share, 150,000,000 preferred shares authorized, no shares issued and outstanding	0.0	0.0
Paid-in capital	3,241.7	3,222.4
Accumulated deficit	(2,322.6)	(2,202.0)
Accumulated other comprehensive loss	(12.1)	(32.0)
Total NIQ shareholders' equity	907.0	988.4
Noncontrolling interests	240.5	237.2
Total shareholders' equity	1,147.5	1,225.6
Total liabilities and shareholders' equity	6,761.5	6,802.0
Euro Deferred Shares
Shareholders' equity:
Ordinary shares and Euro deferred shares	$ 0.0	$ 0.0