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APi Group APG Unrecognized Tax Benefits

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Other financials

Income statement

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Revenue$2.0B+15.3%
Gross profit$620.0M+14.4%
Operating income$103.0M+22.6%
Net income$57.0M+62.9%
EPS (diluted)$0.12+71.4%

Balance sheet

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Cash & equivalents$645.0M+39.9%
Total debt$2.8B+0.2%
Total equity$3.5B+16.9%
Total assets$9.0B+10.7%

Cash flow

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Operating cash flow$85.0M+37.1%
CapEx$18.0M+50.0%
Free cash flow$67.0M+34.0%

Valuation

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Market cap$17.83B+25.8%
Enterprise value$19.94B+21.0%
P/E55×-2.1×
P/S2.2×+0.3×

Profitability

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Gross margin31.4%+0.2pp
Operating margin7%+0.5pp
Net margin4%+0.6pp
FCF margin8.3%-0.1pp

Returns & leverage

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Return on equity10%+0.9pp
Debt / equity0.8×-0.1×
Current ratio1.4×0.0×

Where this comes from

Reported directly by APi Group in its filing.

Tagged under the XBRL concept us-gaap:UnrecognizedTaxBenefits.

The source filing: APi Group’s 10-Q, filed April 30, 2026.

Filed
Apr 30, 2026, 11:07 AM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001628280-26-028658

The Company’s liability for unrecognized tax benefits is recorded within other noncurrent liabilities in the condensed consolidated balance sheets and recognizes interest and penalties accrued related to unrecognized tax benefits in the income tax provision in the condensed consolidated statements of operations. As of March 31, 2026, and December 31, 2025, the total gross unrecognized tax benefits were $9. The Company accrued gross interest and penalties as of March 31, 2026 and December 31, 2025 of $4. During the three months ended March 31, 2026 and 2025, the Company recognized net interest expense of less than $1 for both periods.

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is APi Group's unrecognized tax benefits?
APi Group (APG) reported unrecognized tax benefits of $9M in Q1 2026.
How has APi Group's unrecognized tax benefits changed year-over-year?
APi Group's unrecognized tax benefits decreased by 10.0% year-over-year, from $10M to $9M.
What is the long-term trend for APi Group's unrecognized tax benefits?
Over 3 years (2022 to 2025), APi Group's unrecognized tax benefits has grown at a 4.0% compound annual growth rate (CAGR), from $8M to $9M.
What does unrecognized tax benefits mean?
This represents the amount of tax benefits from uncertain tax positions that have not been recognized in the financial statements because they do not meet the 'more-likely-than-not' threshold. It reflects the company's exposure to potential tax audits and disputes with tax authorities. This is a key indicator of tax-related legal and financial risk.

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