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Forgent Power Solutions, Inc.
American electrical industrial apparatus company based in Wilmington.
Price unavailable
Last updated Oct 18, 2026.
Overview
Compare with Plug Power, Woodward or GrafTech, or pick any stock.
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2026
35.0%Gross margin2
12.9%Operating margin2
5.8%Net margin2
88.5%Revenue growth, 20262
14.5%Return on equity2
1.02×Debt to equity2
-$6.8MFree cash flow2
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Custom Products brought in 70% of the revenue Forgent Power Solutions, Inc. broke down this way in fiscal 2026.
Products and services by year
| Products and services | 2025 | 2026 |
|---|---|---|
| Custom Products | $590.6M | $990.5M |
| Powertrain Solutions | $99.5M | $357.4M |
| Standard Products | $34.6M | $42.5M |
| Service | $28.4M | $29.7M |
Where the money goes
Where each dollar of revenue went, fiscal 2026
- Cost of revenue65¢$922.5M
- Selling, general and admin19¢$262.9M
- Other costs9¢$131.5M
- Income tax2¢$21.4M
- Profit6¢$81.8M
Out of $1.4B in revenue.2
Where each dollar of operating cash went, fiscal 2026
- Capital spending100¢$115.9M
Out of $109.1M of cash from operations. Spending exceeded cash from operations; the rest came from savings or borrowing.2
Financial statements
Every line of the income statement as filed: the last 2 fiscal years (annual) or 1 quarters (quarterly), latest first.2
| Period ending | 2026-06-30 | 2025-06-30 |
|---|---|---|
| Revenues | $1.4B | $753.2M |
| Cost of Revenues | $922.5M | $475.1M |
| Gross Profit | $497.6M | $278.1M |
| Selling, general and administrative expenses | $262.9M | $146.3M |
| Depreciation and amortization | $52.2M | $59.6M |
| Total Operating Expenses | $315.1M | $205.8M |
| Income from Operations | $182.5M | $72.2M |
| Interest expense | -$57.1M | -$54.8M |
| Interest income | $2.8M | $5.6M |
| Other expense | -$749.0K | -$231.0K |
| Total Other Expense, net | -$55.1M | -$49.5M |
| Income (loss) before tax (expense) benefit | $127.4M | $22.8M |
| Income Tax Expense | -$21.4M | -$5.3M |
| Net Income (Loss) | $106.0M | $17.4M |
| Less: net income (loss) attributable to non-controlling interests | $24.2M | $2.2M |
| Net Income (Loss) Attributable to Forgent Power Solutions, Inc. | $81.8M | $15.2M |
| Period ending | 2023-10-31 |
|---|---|
| Revenues | $64.5M |
| Cost of Revenues | $40.7M |
| Gross Profit | $23.8M |
| Selling, general and administrative expenses | $11.3M |
| Depreciation and amortization | $93.0K |
| Total Operating Expenses | $11.4M |
| Income from Operations | $12.4M |
| Interest expense | -$778.0K |
| Interest income | $342.0K |
| Other expense | -$313.0K |
| Total Other Expense, net | -$749.0K |
| Income (loss) before tax (expense) benefit | $11.7M |
| Income Tax Expense | -$3.2M |
| Net Income (Loss) | $8.5M |
| Less: net income (loss) attributable to non-controlling interests | $0 |
| Net Income (Loss) Attributable to Forgent Power Solutions, Inc. | $8.5M |
Every line of the balance sheet as filed: the last 5 fiscal years (annual) or 6 quarters (quarterly), latest first.2
| Period ending | 2026-06-30 | 2025-06-30 | 2024-06-30 | 2023-10-31 | 2023-08-31 |
|---|---|---|---|---|---|
| Cash and cash equivalents | $97.5M | $111.3M | |||
| Accounts receivable, net | $329.6M | $160.0M | |||
| Inventory, net | $249.8M | $117.6M | |||
| Prepaid and other current assets | $141.2M | $56.3M | |||
| Total Current Assets | $818.1M | $445.1M | |||
| Property and equipment, net | $205.0M | $108.2M | |||
| Operating lease right of use assets, net | $108.4M | $117.8M | |||
| Goodwill | $516.6M | $516.6M | |||
| Other intangible assets, net | $289.5M | $337.3M | |||
| Deferred tax assets, net | $281.0M | $0 | |||
| Other assets | $12.2M | $11.7M | |||
| Total Assets | $2.2B | $1.5B | |||
| Accounts payable | $130.5M | $61.9M | |||
| Accrued expenses | $122.4M | $79.5M | |||
| Payables pursuant to the acquisitions | $0 | $17.2M | |||
| Deferred revenue | $263.9M | $110.9M | |||
| Operating lease liabilities, current portion | $8.6M | $6.9M | |||
| Long-term debt, current portion | $6.0M | $5.2M | |||
| Total Current Liabilities | $531.3M | $281.7M | |||
| Long-term debt, net of discount and deferred financing costs, less current portion | $576.2M | $496.9M | |||
| Payable pursuant to the Tax Receivable Agreement | $338.9M | $0 | |||
| Deferred tax liabilities, net | $0 | $63.3M | |||
| Operating lease liabilities, net of current portion | $113.0M | $121.5M | |||
| Total Liabilities | $1.6B | $963.4M | |||
| Additional paid-in capital | $485.0M | ||||
| Retained earnings | $79.3M | ||||
| Total stockholder's Equity Attributable to Forgent Power Solutions, Inc. | $564.3M | ||||
| Non-controlling interests | $107.1M | ||||
| Total Stockholder's Equity | $671.4M | $58.2M | |||
| Members' equity | $374.5M | ||||
| Non-controlling interests | $198.8M | ||||
| Total Member's Equity | $573.3M | $593.0M | $0 | ||
| Total Liabilities and Stockholders' Equity / Members' Equity | $2.2B | $1.5B |
| Period ending | 2026-06-30 | 2025-06-30 | 2024-06-30 | 2023-10-31 | 2023-08-31 | 2023-06-30 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | $97.5M | $111.3M | ||||
| Accounts receivable, net | $329.6M | $160.0M | ||||
| Inventory, net | $249.8M | $117.6M | ||||
| Prepaid and other current assets | $141.2M | $56.3M | ||||
| Total Current Assets | $818.1M | $445.1M | ||||
| Property and equipment, net | $205.0M | $108.2M | ||||
| Operating lease right of use assets, net | $108.4M | $117.8M | ||||
| Goodwill | $516.6M | $516.6M | ||||
| Other intangible assets, net | $289.5M | $337.3M | ||||
| Deferred tax assets, net | $281.0M | $0 | ||||
| Other assets | $12.2M | $11.7M | ||||
| Total Assets | $2.2B | $1.5B | ||||
| Accounts payable | $130.5M | $61.9M | ||||
| Accrued expenses | $122.4M | $79.5M | ||||
| Payables pursuant to the acquisitions | $0 | $17.2M | ||||
| Deferred revenue | $263.9M | $110.9M | ||||
| Operating lease liabilities, current portion | $8.6M | $6.9M | ||||
| Long-term debt, current portion | $6.0M | $5.2M | ||||
| Total Current Liabilities | $531.3M | $281.7M | ||||
| Long-term debt, net of discount and deferred financing costs, less current portion | $576.2M | $496.9M | ||||
| Payable pursuant to the Tax Receivable Agreement | $338.9M | $0 | ||||
| Deferred tax liabilities, net | $0 | $63.3M | ||||
| Operating lease liabilities, net of current portion | $113.0M | $121.5M | ||||
| Total Liabilities | $1.6B | $963.4M | ||||
| Additional paid-in capital | $485.0M | |||||
| Retained earnings | $79.3M | |||||
| Total stockholder's Equity Attributable to Forgent Power Solutions, Inc. | $564.3M | |||||
| Non-controlling interests | $107.1M | |||||
| Total Stockholder's Equity | $671.4M | $58.2M | $50.4M | |||
| Members' equity | $374.5M | |||||
| Non-controlling interests | $198.8M | |||||
| Total Member's Equity | $573.3M | $593.0M | $0 | |||
| Total Liabilities and Stockholders' Equity / Members' Equity | $2.2B | $1.5B |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 2 fiscal years (annual) or 1 quarters (quarterly), latest first.2
| Period ending | 2026-06-30 | 2025-06-30 |
|---|---|---|
| Net income (loss) | $106.0M | $17.4M |
| Depreciation and amortization | $66.9M | $64.9M |
| Amortization / write off of deferred financing costs | $13.0M | $2.5M |
| Deferred taxes | $14.6M | -$15.7M |
| Provision (recovery) for credit losses | $3.0M | -$207.0K |
| Provision for excess or obsolete inventory | $10.7M | $9.0K |
| Equity-based compensation | $10.0M | $1.8M |
| Reduction in carrying amount of ROU asset, operating leases | $9.3M | $8.4M |
| Accounts receivable | -$172.7M | -$78.5M |
| Inventory | -$142.9M | -$34.5M |
| Prepaid and other assets | -$66.5M | -$18.5M |
| Accounts payable | $68.5M | $35.2M |
| Accrued expenses | $42.8M | $44.5M |
| Deferred revenue | $153.0M | $20.7M |
| Lease liabilities, operating leases | -$6.8M | -$2.9M |
| Net Cash Provided by (Used in) Operating Activities | $109.1M | $45.0M |
| Purchases of property and equipment | -$115.9M | -$84.1M |
| Acquisitions, net of cash acquired | $0 | $0 |
| Net Cash Used in Investing Activities | -$115.9M | -$84.1M |
| Proceeds from long-term debt | $594.0M | $0 |
| Payments on long-term debt | -$512.6M | -$5.2M |
| Debt financing costs | -$13.5M | $0 |
| Line of credit, net | $0 | $0 |
| Distributions to stockholders/members | -$1.4M | -$13.3M |
| Distribution to non-controlling Opco LLC Interests | -$8.6M | $0 |
| Payment of payables pursuant to the acquisitions | -$17.2M | -$13.1M |
| Capital contributions | $0 | $0 |
| Deferred offering costs | -$23.5M | -$4.5M |
| Net Cash Provided by (Used in) Financing Activities | $17.2M | -$36.0M |
| Net Increase (Decrease) in Cash, Cash Equivalents, and Restricted Cash | $10.4M | -$75.1M |
| Cash paid for interest | $48.2M | $54.6M |
| Cash paid for taxes | $13.7M | $7.4M |
| Recording of deferred tax assets related to exchanges of Class B common stock to Class A common stock | $356.6M | $0 |
| Recording of amounts payable pursuant to tax receivable agreement | $338.9M | $0 |
| Capital contribution related to tax receivable agreement exchanges of Class B common stock to Class A common stock | $2.3M | $0 |
| Reclassification of deferred offering costs to additional paid-in capital | $4.5M | $0 |
| Equity issued for Acquisitions | $0 | $0 |
| Deferred taxes related to reallocation of members' equity | $0 | $25.6M |
| Payables pursuant to Acquisitions | $0 | $0 |
| Period ending | 2023-10-31 |
|---|---|
| Net income (loss) | $8.5M |
| Depreciation and amortization | $373.0K |
| Amortization / write off of deferred financing costs | $0 |
| Deferred taxes | -$1.5M |
| Provision (recovery) for credit losses | -$79.0K |
| Provision for excess or obsolete inventory | $0 |
| Equity-based compensation | $0 |
| Reduction in carrying amount of ROU asset, operating leases | $296.0K |
| Accounts receivable | -$9.4M |
| Inventory | -$4.9M |
| Prepaid and other assets | $5.8M |
| Accounts payable | -$6.8M |
| Accrued expenses | $12.1M |
| Deferred revenue | $638.0K |
| Lease liabilities, operating leases | -$284.0K |
| Net Cash Provided by (Used in) Operating Activities | $4.7M |
| Purchases of property and equipment | -$1.8M |
| Acquisitions, net of cash acquired | $0 |
| Net Cash Used in Investing Activities | -$1.8M |
| Proceeds from long-term debt | $0 |
| Payments on long-term debt | $0 |
| Debt financing costs | $0 |
| Line of credit, net | $5.3M |
| Distributions to stockholders/members | -$663.0K |
| Distribution to non-controlling Opco LLC Interests | $0 |
| Payment of payables pursuant to the acquisitions | $0 |
| Capital contributions | $0 |
| Deferred offering costs | $0 |
| Net Cash Provided by (Used in) Financing Activities | $4.6M |
| Net Increase (Decrease) in Cash, Cash Equivalents, and Restricted Cash | $7.6M |
| Cash paid for interest | $778.0K |
| Cash paid for taxes | $1.0M |
| Recording of deferred tax assets related to exchanges of Class B common stock to Class A common stock | $0 |
| Recording of amounts payable pursuant to tax receivable agreement | $0 |
| Capital contribution related to tax receivable agreement exchanges of Class B common stock to Class A common stock | $0 |
| Reclassification of deferred offering costs to additional paid-in capital | $0 |
| Equity issued for Acquisitions | $0 |
| Deferred taxes related to reallocation of members' equity | $0 |
| Payables pursuant to Acquisitions | $0 |
Leadership
Who has led Forgent Power Solutions, Inc., and when. Pick a name to see everywhere that person has worked.
Chief financial officer
- Chief financial officerRyan Fiedler Feb 5, 2026 to now6
Board members and other officers (10)
- Chief Accounting OfficerInez Lund Feb 5, 2026 to now7
- Board memberAnthony L. Trunzo Feb 5, 2026 to now8
- Board memberDavid Savage Feb 5, 2026 to now9
- Board memberFrank R. Cannova Feb 5, 2026 to now9
- Board memberGregory M. Spierkel Feb 5, 2026 to now10
- Board memberNeel Bhatia Feb 5, 2026 to now11
- Board memberPeter Joseph Jonna Feb 5, 2026 to now9
- Board memberSergey Gofer Feb 5, 2026 to now9
- Board memberTrey Bivins Feb 5, 2026 to now9
- General counselTyson Hottinger Feb 5, 2026 to now12
Timeline
- Jul 21, 2025Founded Forgent Power Solutions, Inc. is founded13
Filings
65 filings to the SEC since October 2021: 1 annual reports, 2 quarterly reports, 5 major events, 26 insider forms, 3 large holders, 28 other. The latest 20:
- Sep 15, 202610-K EDGAR
- Sep 15, 20268-K EDGAR
- Sep 3, 20264 PRIMARY DOCUMENT EDGAR
- Sep 3, 20264 PRIMARY DOCUMENT EDGAR
- Sep 3, 20264 PRIMARY DOCUMENT EDGAR
- Sep 3, 20264 PRIMARY DOCUMENT EDGAR
- Aug 14, 2026SCHEDULE 13G EDGAR
- Aug 13, 2026SCHEDULE 13G/A EDGAR
- Jul 8, 20264 EDGAR
- Jul 8, 20264 EDGAR
- Jul 8, 20264 EDGAR
- Jul 2, 2026424B4 EDGAR
- Jul 1, 2026EFFECT EDGAR
- Jul 1, 2026S-1MEF EDGAR
- Jun 29, 2026S-1 EDGAR
- Jun 26, 20268-K EDGAR
- Jun 22, 2026DRS EDGAR
- Jun 3, 20264 EDGAR
- Jun 3, 20264 EDGAR
- Jun 3, 20264 EDGAR
The 65 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last three years, summarized. The full record is on SEC EDGAR.
Insider trades and holders
Large holders
Investors who own more than 5% must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively. 3 such filings since October 2021:
- Aug 14, 2026SCHEDULE 13G
- Aug 13, 2026SCHEDULE 13G/A
- May 15, 2026SCHEDULE 13G
From Forms 4 and Schedules 13D and 13G filed with the SEC.
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.
| Fund | Shares | Value | Share of the fund | Change |
|---|---|---|---|---|
| Coatue Management LLC | 20,501,387 | $1.1B | 2.4% | New |
| Fmr LLC | 10,508,562 | $587.0M | 0.0% | +1,961,728 |
| Jupiter Topco LLC | 8,457,260 | $472.5M | 0.2% | New |
| Invesco Ltd. | 7,144,743 | $399.1M | 0.0% | +982,060 |
| BlackRock, Inc. | 6,666,695 | $372.4M | 0.0% | +1,557,493 |
| Vanguard Capital Management LLC | 5,685,919 | $317.6M | 0.0% | +1,934,147 |
| UBS Group AG | 5,641,827 | $315.2M | 0.1% | +3,317,141 |
| Franklin Resources Inc | 5,155,338 | $288.0M | 0.1% | +1,681,717 |
| Vanguard Portfolio Management LLC | 4,884,628 | $272.9M | 0.0% | +1,804,252 |
| Jericho Capital Asset Management L.P. | 4,429,000 | $247.4M | 2.0% | New |
| Bamco Inc /ny/ | 4,072,575 | $227.5M | 0.3% | −602,008 |
| Value Aligned Research Advisors, LLC | 3,158,622 | $176.4M | 1.1% | New |
| William Blair Investment Management, LLC | 2,516,270 | $140.6M | 0.4% | New |
| Zimmer Partners, LP | 2,271,217 | $126.9M | 3.0% | +320,697 |
| Geode Capital Management, LLC | 2,244,537 | $125.4M | 0.0% | +1,293,933 |
| State Street Corp | 2,113,904 | $118.1M | 0.0% | +1,728,704 |
| Bnp Paribas Financial Markets | 2,084,601 | $116.4M | 0.1% | New |
| Granahan Investment Management, LLC | 1,807,608 | $101.0M | 3.6% | −263,476 |
| Ameriprise Financial Inc | 1,709,803 | $95.4M | 0.0% | +1,206,873 |
| Renaissance Technologies LLC | 1,669,700 | $93.3M | 0.1% | New |
| Phoenix Financial Ltd. | 1,662,217 | $92.8M | 0.6% | New |
| Goldman Sachs Group Inc | 1,623,779 | $90.7M | 0.0% | +1,109,361 |
| Stephens Investment Management Group LLC | 1,616,102 | $90.3M | 1.0% | +810,685 |
| Alliancebernstein L.P. | 3,055,363 | $89.4M | 0.0% | +881,779 |
| Burkehill Global Management, LP | 1,500,000 | $83.8M | 3.1% | −200,000 |
13F reports cover disclosed long positions in U.S. stocks only.
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1
- 2
- 3
- 4
- 5
- 6
- 7SEC EDGARInez Lund, Chief Accounting Officer
- 8SEC EDGARAnthony L. Trunzo, Board member
- 9SEC EDGARDavid Savage, Board member
- 10SEC EDGARGregory M. Spierkel, Board member
- 11SEC EDGARNeel Bhatia, Board member
- 12SEC EDGARTyson Hottinger, General counsel
- 13