Forgent Power Solutions, Inc. filed its quarterly report on Form 10-Q with the SEC on November 12, 2026, covering the three-month period ended September 30, 2026.

Key Highlights

  • Revenue of $478.6 million for the three months ended September 30, 2026, compared to $283.3 million in the same period of the prior year, according to the filing.
  • Total assets of $2.685 billion as of September 30, 2026, up from $2.231 billion as of June 30, 2026, per the condensed consolidated balance sheet.
  • Cash and cash equivalents of $199.9 million at September 30, 2026, compared to $97.5 million at June 30, 2026.
  • Deferred revenue of $423.3 million as of September 30, 2026, up from $263.9 million at June 30, 2026.
  • Retained earnings of $127.6 million at September 30, 2026, compared to $79.3 million at June 30, 2026.
  • 274,527,094 shares of Class A common stock and 29,901,795 shares of Class B common stock outstanding as of November 5, 2026.

Forgent Power Solutions Reports Balance Sheet Expansion in September 2026 Quarter

Forgent Power Solutions, Inc. (NYSE:FPS), a Delaware-incorporated company headquartered at 11500 Dayton Parkway, Dayton, MN 55369, reported revenues of $478,566 thousand for the three months ended September 30, 2026, according to the unaudited condensed consolidated statements of operations included in the filing. This compares to revenues of $283,274 thousand in the three months ended September 30, 2025, as stated in the filing.

The condensed consolidated balance sheet shows total assets grew to $2,685,839 thousand at September 30, 2026 from $2,230,765 thousand at June 30, 2026. Key drivers of asset growth, as disclosed, include an increase in inventory from $249,817 thousand to $346,218 thousand, an increase in accounts receivable from $329,628 thousand to $380,161 thousand, and a significant rise in cash and cash equivalents from $97,477 thousand to $199,916 thousand. Deferred tax assets also increased materially, from $280,971 thousand to $465,152 thousand, over the same period.

On the liabilities side, deferred revenue rose from $263,859 thousand to $423,267 thousand, and the payable pursuant to the Tax Receivable Agreement increased from $338,925 thousand to $483,027 thousand, the filing disclosed. Total stockholders' equity attributable to Forgent Power Solutions, Inc. was reported at $710,369 thousand as of September 30, 2026, compared to $564,317 thousand at June 30, 2026. The company identified itself as a non-accelerated filer and is not classified as a smaller reporting company or emerging growth company in this filing. The filing notes that it contains forward-looking statements that "represent our management's beliefs and assumptions only as of the date of this Quarterly Report" and are subject to risks and uncertainties described therein.

What Was Disclosed

Forgent Power Solutions filed an unaudited quarterly report for the period ended September 30, 2026, disclosing revenue of $478.6 million, total assets of $2.69 billion, and share counts of 274,527,094 Class A and 29,901,795 Class B shares outstanding as of November 5, 2026.