ALTA EQUIPMENT GROUP INC.

Listed Company

ALTGCIK 0001759824NYSEAcceleratedWholesale-Industrial Machinery & EquipmentDelawareFY ends Dec 31

Period

FY 2025

Revenue

$1.84B

Net Income

$-80.30M

Total Assets

$1.34B

Equity

$-8.80M

Shares Out

32.27M

Op. Cash Flow

$33.00M

Business

ALTA EQUIPMENT GROUP INC. owns and operates one of the largest integrated equipment dealership platforms in North America, providing equipment distribution and aftermarket parts and service support. It offers new and used equipment sales, parts sales, repair and maintenance services, equipment rentals and rent-to-sell programs across categories including material handling, earthmoving, crushing and screening, environmental processing, cranes, aerial work platforms and paving equipment. Its business is organized around dealership operations with exclusive OEM distribution agreements, rental fleet and parts and service operations, plus wholesale master distribution and e-mobility initiatives. It serves diverse end markets through a network of branch locations and digital and direct sales channels across the U.S. and Canada.

Summary from filing dated 2025-03-05

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Total revenues	1,836	1,877	1,877	1,572	1,213
Total cost of revenues	1,361	1,383	1,370	1,152	898
Gross profit	475	494	507	420	314
Selling, general and administrative expenses	423	447	430	362	—
Non-rental depreciation and amortization	29	29	23	17	11
Total operating expenses	451	475	453	379	296
Income from operations	23	19	54	41	18
Interest expense, floor plan payable new equipment	−11	−12	−8	−3	−2
Interest expense other	−78	−69	−49	−29	−22
Other income	2	3	5	2	700,000
Loss on extinguishment of debt	—	−7	—	—	−12
Gain on divestitures	5	—	—	—	—
Total other expense, net	−82	−85	−52	−30	−35
(Loss) income before taxes	−59	−66	3	11	−17
Income tax expense (benefit)	22	−4	−6	1	4
Net (loss) income	−80	−62	9	9	−21
Preferred stock dividends	−3	−3	−3	−3	−3
Net (loss) income available to common stockholders	−83	−65	6	6	−23
Basic (loss) income per share	−2.55	−1.96	0.18	0.2	−0.74
Diluted (loss) income per share	−2.55	−1.96	0.18	0.2	−0.74
Basic weighted average common shares outstanding	33	33	32	32	32
Diluted weighted average common shares outstanding	33	33	33	32	32

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash	19	13	31	3	2
Accounts receivable, net of allowances of $11.3 and $10.7 as of December 31, 2025 and December 31, 2024 respectively	187	200	249	233	183
Inventories, net	473	536	531	400	239
Prepaid expenses and other current assets	32	26	27	28	24
Total current assets	710	775	838	663	449
Property and equipment, net	73	82	73	378	345
Rental fleet, net	314	359	391	—	—
Operating lease right-of-use assets, net	108	113	111	114	103
Goodwill	78	78	77	69	42
Other intangible assets, net	48	55	66	61	43
Other assets	5	20	14	6	2
TOTAL ASSETS	1,336	1,480	1,571	1,291	983
Current portion of long-term debt	11	11	8	4	3
Accounts payable	78	92	97	91	74
Customer deposits	15	15	17	28	17
Accrued expenses	45	51	60	55	39
Current operating lease liabilities	15	15	16	15	16
Current deferred revenue	14	13	16	14	15
Other current liabilities	4	7	24	8	4
Total current liabilities	495	577	635	471	322
Lines of credit, net	211	180	316	218	98
Long-term debt, net of current portion	485	480	312	311	310
Finance lease obligations, net of current portion	28	36	31	15	9
Deferred revenue, net of current portion	5	4	4	5	4
Long-term operating lease liabilities, net of current portion	100	104	100	102	88
Deferred tax liabilities	15	11	8	6	7
Other liabilities	6	12	15	18	4
TOTAL LIABILITIES	1,345	1,403	1,421	1,151	848
CONTINGENCIES - NOTE 11	—	—	—	—	—
Preferred stock, $0.0001 par value per share, 1,000,000 shares authorized, 1,200 shares issued and outstanding at both December 31, 2025 and December 31, 2024 (1,200,000 Depositary Shares representing a 1/1000th fractional interest in a share of 10% Series A Cumulative Perpetual Preferred Stock)	—	—	—	—	—
Common stock, $0.0001 par value per share, 200,000,000 shares authorized; 32,153,525 and 32,762,135 shares issued and outstanding at December 31, 2025 and December 31, 2024, respectively	—	—	—	—	—
Additional paid-in capital	248	244	234	223	217
Treasury stock at cost, 2,904,614 and 1,587,702 shares of common stock held at December 31, 2025 and December 31, 2024, respectively	−19	−12	−6	−6	−6
Accumulated deficit	−236	−149	−76	−74	−77
Accumulated other comprehensive loss	−2	−5	−2	−3	—
TOTAL STOCKHOLDERS EQUITY	−9	78	150	140	135
TOTAL LIABILITIES AND STOCKHOLDERS EQUITY	1,336	1,480	1,571	1,291	983

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization	134	145	133	112	96
Amortization of debt discount and debt issuance costs	5	4	2	2	2
Gain on sale of property and rental equipment	−26	−35	−34	−200,000	−100,000
Provision for inventory reserves	800,000	2	2	—	—
Provision for losses on accounts receivable	3	6	7	5	4
Stock-based compensation expense	4	5	4	3	1
Changes in deferred income taxes	21	−9	−10	−1	4
Other operating activities	500,000	1	−1	—	—
Accounts receivable	11	43	−17	−35	−41
Inventories	−49	−145	−286	−273	−154
Proceeds from sale of rental equipment - rent-to-sell	98	126	124	126	145
Prepaid expenses and other assets	−11	4	500,000	−4	−11
Manufacturers floor plans payable	−55	−8	123	77	−15
Accounts payable, accrued expenses, leases, and other operating liabilities	−18	−27	3	—	—
Net cash provided by operating activities	33	57	58	19	31
Expenditures for rental equipment	−42	−55	−62	−64	−42
Expenditures for property and equipment and intangibles	−9	−15	−12	−13	−8
Proceeds from sale of property and equipment	500,000	5	500,000	1	2
Proceeds from sale of rental equipment - rent-to-rent	11	12	5	8	—
Acquisitions of businesses, net of cash acquired	−3	—	−46	−87	−63
Proceeds from divestitures, net	21	—	—	—	—
Other investing activities	−1	−3	−3	−400,000	—
Net cash used in investing activities	−23	−56	−117	−155	−113
Expenditures for debt issuance costs	—	−2	—	—	−2
Extinguishment of long-term debt	—	−319	—	—	−153
Proceeds from long-term borrowings	365	974	380	413	633
Principal payments on long-term debt and finance lease obligations	−346	−640	−288	−298	—
Proceeds from non-manufacturer floor plan payable	100	121	188	150	105
Payments on non-manufacturer floor plan payable	−107	−134	−180	−122	−110
Preferred stock dividends paid	−3	−3	−3	−3	−3
Common stock dividends declared and paid	−4	−8	−8	−4	—
Repurchases of common stock	−8	−6	—	—	—
Other financing activities	−3	−2	−2	700,000	−1
Net cash (used in) provided by financing activities	−5	−18	87	137	84
Effect of exchange rate changes on cash	200,000	−500,000	—	100,000	—
NET CHANGE IN CASH	5	−18	28	400,000	1
Net transfer of assets from inventory to rental fleet	100	121	180	123	—
Common stock issued as consideration for business acquisition	—	3	6	3	—
Contingent and non-contingent consideration for business acquisitions	—	1	2	13	900,000
Cash paid for interest	83	76	54	28	20

Filings

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