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Vertiv Holdings Co VRT Non-US — Valuation allowance

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Other financials

Income statement

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Revenue$3.3B+24.1%
Gross profit$1.2B+37.7%
Operating income$637.9M+44.2%
Net income$497.8M+53.5%
EPS (diluted)$1.27+53.0%

Balance sheet

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Cash & equivalents$2.9B+73.6%
Total debt$3.0B+1.5%
Total equity$4.8B+52.2%
Total assets$15.9B+52.8%

Cash flow

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Operating cash flow$1.1B+241%
CapEx$173.3M+285%
Free cash flow$926.5M+233%

Valuation

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Market cap$107B+101%
Enterprise value$107.15B+95.9%
P/E61.8×-3.9×
P/S9.3×+3.5×

Profitability

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Gross margin38%+2.7pp
Operating margin18.9%+1.8pp
Net margin15.1%+6.2pp
FCF margin25.5%+11.8pp

Returns & leverage

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Return on equity43.9%+9.1pp
Debt / equity0.6×-0.3×
Current ratio1.4×-0.4×

Where this comes from

Reported directly by Vertiv Holdings Co in its filing.

Tagged under the XBRL concept us-gaap:ValuationAllowanceDeferredTaxAssetChangeInAmount.

The source filing: Vertiv Holdings Co’s 10-K, filed February 13, 2026.

Filed
Feb 13, 2026, 4:10 PM EST
Fiscal year
FY2025
Accession
0001674101-26-000008

For the year ended December 31, 2025, the Company recorded a net valuation allowance change primarily related to the establishment of a valuation allowance on certain non-U.S. tax credits and certain non-U.S. tax losses that was partially offset by a valuation allowance release related to certain U.S. federal foreign tax credits. Of the total $45.4 total movement, $41.5 was charged to income tax expense, with the remaining $2.1 reduction related to foreign currency translation recorded through Other Comprehensive Income. For the year ended December 31, 2024, the Company recorded a net valuation allowance change of $564.1 primarily related to the establishment of a valuation allowance on certain non-U.S. tax credits that was partially offset by a valuation allowance release related to certain U.S. federal foreign tax credits and certain non-U.S. tax losses. At each reporting date, management considers new evidence, both positive and negative, that could affect its view of the future realization of deferred tax assets.

Item 8. Financial Statements and Supplementary Data

FAQ

What is Vertiv Holdings Co's non-us — valuation allowance?
Vertiv Holdings Co (VRT) reported non-us — valuation allowance of $11.35M in Q4 2025.
How has Vertiv Holdings Co's non-us — valuation allowance changed year-over-year?
Vertiv Holdings Co's non-us — valuation allowance decreased by 92.3% year-over-year, from $146.75M to $11.35M.
What does non-us — valuation allowance mean?
This metric represents the portion of deferred tax assets for the non-US geographic segment that management believes is more likely than not to remain unrealized. It reflects the company's assessment of future taxable income within specific international jurisdictions to support the recovery of these assets. A high balance indicates significant uncertainty regarding the utilization of tax benefits in foreign markets.

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