$FPS

Forgent Power Solutions, Inc.

CIK:0002080126|SEC Filings

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	4 Months Ended	10 Months Ended	12 Months Ended
	Oct. 31, 2023	Jun. 30, 2024	Jun. 30, 2026	Jun. 30, 2025
Income Statement [Abstract]
Revenues	$ 64,478	$ 181,310	$ 1,420,059	$ 753,188
Cost of Revenues	40,664	113,570	922,459	475,122
Gross Profit	23,814	67,740	497,600	278,066
Operating Expenses
Selling, general and administrative expenses	11,321	52,077	262,886	146,270
Depreciation and amortization	93	20,418	52,225	59,559
Total Operating Expenses	11,414	72,495	315,111	205,829
Income from Operations	12,400	(4,755)	182,489	72,237
Other Income (Expense)
Interest expense	(778)	(21,855)	(57,127)	(54,778)
Interest income	342	1,832	2,787	5,558
Other expense	(313)	(381)	(749)	(231)
Total Other Expense, net	(749)	(20,404)	(55,089)	(49,451)
Income (loss) before tax (expense) benefit	11,651	(25,159)	127,400	22,786
Income Tax Expense	(3,190)	5,957	(21,365)	(5,340)
Net Income (Loss)	8,461	(19,202)	106,035	17,446
Less: net income (loss) attributable to non-controlling interests	0	(1,381)	24,190	2,250
Net Income (Loss) Attributable to Forgent Power Solutions, Inc.	$ 8,461	$ (17,821)	$ 81,845	$ 15,196

CONSOLIDATED/COMBINED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	4 Months Ended	10 Months Ended	12 Months Ended
	Oct. 31, 2023	Jun. 30, 2024	Jun. 30, 2026	Jun. 30, 2025
Cash Flows from Operating Activities
Net income (loss)	$ 8,461	$ (19,202)	$ 106,035	$ 17,446
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation and amortization	373	21,304	66,899	64,864
Amortization / write off of deferred financing costs	0	4,174	12,987	2,511
Deferred taxes	(1,485)	(9,836)	14,635	(15,733)
Provision (recovery) for credit losses	(79)	(169)	2,999	(207)
Provision for excess or obsolete inventory	0	349	10,669	9
Equity-based compensation	0	653	10,036	1,784
Reduction in carrying amount of ROU asset, operating leases	296	917	9,337	8,351
Changes in assets and liabilities, net of business acquisitions:
Accounts receivable	(9,431)	(4,418)	(172,657)	(78,510)
Inventory	(4,853)	(3,261)	(142,909)	(34,470)
Prepaid and other assets	5,799	(19,598)	(66,465)	(18,493)
Accounts payable	(6,795)	7,834	68,510	35,183
Accrued expenses	12,093	9,244	42,815	44,481
Deferred revenue	638	8,261	152,964	20,747
Lease liabilities, operating leases	(284)	(882)	(6,774)	(2,941)
Net Cash Provided by (Used in) Operating Activities	4,733	(4,630)	109,081	45,022
Cash Flows from Investing Activities
Purchases of property and equipment	(1,759)	(2,907)	(115,905)	(84,115)
Acquisitions, net of cash acquired	0	(741,743)	0	0
Net Cash Used in Investing Activities	(1,759)	(744,650)	(115,905)	(84,115)
Cash Flows from Financing Activities
Proceeds from long-term debt	0	517,300	594,000	0
Payments on long-term debt	0	(1,017)	(512,610)	(5,173)
Debt financing costs	0	(17,060)	(13,467)	0
Line of credit, net	5,255	0	0	0
Distributions to stockholders/members	(663)	0	(1,440)	(13,269)
Distribution to non-controlling Opco LLC Interests	0	0	(8,588)	0
Payment of payables pursuant to the acquisitions	0	0	(17,226)	(13,066)
Capital contributions	0	436,453	0	0
Deferred offering costs	0	0	(23,454)	(4,473)
Net Cash Provided by (Used in) Financing Activities	4,592	935,676	17,215	(35,981)
Net Increase (Decrease) in Cash, Cash Equivalents, and Restricted Cash	7,566	186,396	10,391	(75,074)
Cash, Cash Equivalents, and Restricted Cash - Beginning of Period	856	0	111,322	186,396
Cash, Cash Equivalents, and Restricted Cash - End of Period	8,422	186,396	121,713	111,322
Supplemental Cash Flow Information [Abstract]
Cash paid for interest	778	10,385	48,163	54,605
Cash paid for taxes	1,000	10,406	13,687	7,392
Supplemental Non-Cash Investing and Financing Activities:
Recording of deferred tax assets related to exchanges of Class B common stock to Class A common stock	0	0	356,608	0
Recording of amounts payable pursuant to tax receivable agreement	0	0	338,925	0
Capital contribution related to tax receivable agreement exchanges of Class B common stock to Class A common stock	0	0	2,315	0
Reclassification of deferred offering costs to additional paid-in capital	0	0	4,472	0
Equity issued for Acquisitions	0	175,048	0	0
Deferred taxes related to reallocation of members' equity	0	0	0	25,627
Payables pursuant to Acquisitions	0	30,292	0	0
IPO
Cash Flows from Financing Activities
Purchase of OpCo LLC Interests from Existing Shareholders	0	0	(491,833)	0
Follow-On Offering
Cash Flows from Financing Activities
Purchase of OpCo LLC Interests from Existing Shareholders	0	0	(1,033,131)	0
Class A Common Stock
Cash Flows from Financing Activities
Proceeds from issuance of Class A common stock sold in an IPO, net of underwriting discounts and commissions	0	0	491,833	0
Proceeds from issuance of Class A common stock sold in follow-on offerings, net of underwriting discounts and commissions	$ 0	$ 0	$ 1,033,131	$ 0

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2026	Jun. 30, 2025
Current Assets
Cash and cash equivalents	$ 97,477	$ 111,322
Accounts receivable, net	329,628	159,970
Inventory, net	249,817	117,577
Prepaid and other current assets	141,169	56,278
Total Current Assets	818,091	445,147
Property and equipment, net	204,957	108,170
Operating lease right of use assets, net	108,432	117,769
Goodwill	516,629	516,629
Other intangible assets, net	289,490	337,271
Deferred tax assets, net	280,971	0
Other assets	12,195	11,700
Total Assets	2,230,765	1,536,686
Current Liabilities
Accounts payable	130,453	61,943
Accrued expenses	122,356	79,541
Payables pursuant to the acquisitions	0	17,226
Deferred revenue	263,859	110,895
Operating lease liabilities, current portion	8,626	6,879
Long-term debt, current portion	6,000	5,173
Total Current Liabilities	531,294	281,657
Long-term debt, net of discount and deferred financing costs, less current portion	576,175	496,934
Payable pursuant to the Tax Receivable Agreement	338,925	0
Deferred tax liabilities, net	0	63,318
Operating lease liabilities, net of current portion	112,970	121,491
Total Liabilities	1,559,364	963,400
Commitments and Contingencies (Note 23)
Stockholder's Equity
Additional paid-in capital	484,994
Retained earnings	79,320
Total stockholder's Equity Attributable to Forgent Power Solutions, Inc.	564,317
Non-controlling interests	107,084
Total Stockholder's Equity	671,401
Member's Equity
Members' equity		374,534
Non-controlling interests		198,752
Total Member's Equity		573,286
Total Liabilities and Stockholders' Equity / Members' Equity	2,230,765	$ 1,536,686
Class A Common Stock
Stockholder's Equity
Common stock	2
Class B Common Stock
Stockholder's Equity
Common stock	$ 1