Income StatementBalance SheetCash FlowSegments
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Vertiv Holdings Co Cash Flow Statement

Operating, investing, and financing cash movements

Vertiv Holdings Co generated $2.6B in operating cash flow over the trailing twelve months. After $296.1M in capital expenditures, free cash flow was $2.3B. Free cash flow increased 0.7% year-over-year. Based on the Q1 2026 filing.

Net Cash From Operating (TTM)$2.6BNet Cash From Investing (TTM)-$1.8BNet Cash From Financing (TTM)-$35.5MCapital Expenditures (TTM)$296.1MDepreciation And Amortization Cf (TTM)$101.7MNet Change In Cash (TTM)$1.1B
Latest FilingQ1 2026
Report Date2026-04-22
Market Cap$125.78B
P/E Ratio80.71
ROE45.1%

Investing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Acquisitions, net of cash acquired$17.6M$0.0——$963.1M$400.0K
Payments to acquire interest in subsidiaries and affiliates—$0.0———$13.9M
Capital expenditures$60.7M$36.5M$45.0M$45.2M$93.3M$112.6M
Payments for Software$2.7M$2.3M$900.0K$1.5M$1.7M$1.4M
Payments to Acquire Held-to-Maturity Securities$0.0$0.0$98.1M$441.5M$0.0$348.4M
Proceeds From Sale Of Short Term Investments—$0.0———$100.0M
Net cash from investing activities-$81.0M-$38.8M-$144.0M-$709.9M-$608.1M-$376.7M
Proceeds from maturities/sales of investments$0.0$0.0———$100.0M
Proceeds from sale of businesses$0.0$0.0$0.0$0.0$0.0—
Purchases of fixed maturity securities$0.0$0.0$98.1M$441.5M$0.0$348.4M
Paydowns and maturities of HTM securities$0.0$112.5M$112.5M$112.5M$112.5M—

Operating

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Amortization of debt issuance costs$1.5M$2.2M$2.1M$1.0M$600.0K$1.6M
Amortization of intangible assets$50.1M$48.7M$49.8M$50.9M$62.1M$80.2M
Change in accounts payable$84.2M$86.5M$183.0M$92.6M$19.1M$202.8M
Change in accounts receivable$89.9M-$81.6M$462.4M$0.0$207.7M$57.7M
Change in accrued liabilities—-$79.6M$36.3M$88.5M$47.9M-$95.4M
Change in deferred revenue$62.8M$23.4M$148.1M—$668.1M$651.2M
Change in income taxes payable/receivable$19.1M$41.4M$7.9M-$123.1M$0.0-$400.0K
Change in inventories$4.5M$128.6M$8.9M$5.6M$21.6M$384.2M
Change in other current assets$16.6M$29.5M$0.0$16.8M$32.2M$88.5M
Other working capital changes-$26.6M$25.3M$10.6M$0.0$26.8M$17.6M
Change in fair value of contingent consideration—$0.0———$33.2M
Deferred income taxes-$1.4M$33.3M—$69.1M—-$28.2M
Depreciation and amortization$20.9M$22.9M$23.5M$24.5M$26.2M$27.5M
Net cash from operating activities$425.2M$303.3M$322.9M$508.7M$978.9M$766.8M
Net income$147.0M$164.5M$324.2M$398.5M$445.6M$390.1M
Non-cash interest expense$1.5M$2.2M$2.1M$1.0M$600.0K$1.6M
Amortization of capitalized software and acquired intangible assets$50.1M$48.7M$49.8M$50.9M$62.1M$80.2M
Contingent consideration fair value adjustments—$0.0———$33.2M
Depreciation$20.9M$22.9M$23.5M$24.5M$26.2M$27.5M
Adjustment to Reconcile Net Income to Cash Provided by (Used in) Operating Activity, Increase (Decrease) in Operating Capital-$44.9M$4.8M$90.4M$45.5M-$480.0M-$227.8M
Increase (Decrease) in Other Current Assets$16.6M$29.5M$0.0$16.8M$32.2M$88.5M
Stock-based compensation$8.8M$11.2M$13.3M$14.2M$7.2M$17.0M

Financing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Proceeds from issuance of debt—$0.0———$2.1B
Repayments of debt$5.2M$5.3M$5.2M$5.2M$5.2M$2.1B
Dividends paid$14.1M$14.2M$14.2M$14.2M$24.0M$23.9M
Repayments of Senior Debt$5.2M$5.3M$5.2M$5.2M$5.2M$2.1B
Net cash from financing activities-$11.7M-$24.9M-$8.0M-$11.4M-$28.0M$11.9M
Proceeds from issuance of common stock$8.0M$1.3M$11.7M$9.0M$4.4M$23.5M
Taxes paid for net share settlement$400.0K$6.7M$300.0K$1.0M$3.2M$11.6M

Free Cash Flow

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Free cash flow$364.5M$266.8M$277.9M$463.5M$885.6M$654.2M

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Effect of exchange rate changes on cash-$17.7M$4.3M$9.0M$800.0K$2.8M-$600.0K
Net increase (decrease) in cash$314.8M$243.9M$179.9M—$345.6M$401.4M

Supplemental

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Interest paid$38.9M$31.7M$31.7M$31.7M$31.7M—