Company: VRT
Filing Date: 2025-10-22
Form Type: 10-Q
Source: 0001674101-25-000024
Chunk: 26

Company: Vertiv Holdings Co
Filing Date: 2025-10-22
Form: 10-Q
Item: Part I, Item 1
Chunk 26
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— — — — 120.4 120.4 Balance at June 30, 2025381,803,828 $— $2,858.2 $222.0 $45.2 $3,125.4 Net income (loss)— — — 398.5 — 398.5 Exercise of employee stock options415,849 — 9.0 — — 9.0 Stock-based compensation activity, net of shares withheld for tax(3)16,106 — 13.2 — — 13.2 Employee 401K match with Vertiv stock23,025 — 2.8 — — 2.8 Dividend— — — (14.2)— (14.2)Other comprehensive income (loss), net of tax— — — — (26.0)(26.0)Balance at September 30, 2025382,258,808 $— $2,883.2 $606.3 $19.2 $3,508.7 

(1)Net stock compensation activity includes 239,098 vested shares offset by 69,758 shares withheld for taxes valued at $6.7 and stock-based compensation of $11.2.

(2)Net stock compensation activity includes 12,562 vested shares offset by 4,778 shares withheld for taxes valued at $0.3 and stock-based compensation of $13.3.

(3)Net stock compensation activity includes 24,519 vested shares offset by 8,413 shares withheld for taxes valued at $1.0 and stock-based compensation of $14.2. 

See accompanying Notes to Unaudited Condensed Consolidated Financial Statements

6

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY (DEFICIT)

VERTIV HOLDINGS CO

(Dollars in millions)Common Share CapitalTreasury Share CapitalSharesAmountTreasury StockAmountAdditional Paid-in CapitalRetained EarningsAccumulated Other Comprehensive Income (Loss)TotalBalance at December 31, 2023381,788,876$— — $— $2,711.3 $(691.9)$(4.5)$2,014.9 Net income (loss)— — — — —