APi Group Corp

Listed Company

APGCIK 0001796209NYSELarge AcceleratedServices-To Dwellings & Other BuildingsDelawareFY ends Dec 31

Period

FY 2025

Revenue

$7.91B

Net Income

$302.00M

Total Assets

$8.94B

Equity

$3.41B

Shares Out

433.23M

Op. Cash Flow

$759.00M

APG$40.12+15.67% · past yearDBEQ Basic

Daily closing prices

Business

APi Group Corp provides fire and life safety, security, elevator, and specialty services globally through over 500 locations. The company offers inspection, installation, service, and monitoring for fire protection, electronic security, elevators, escalators, and specialty contracting. Core segments are Safety Services (fire, security, elevators across North America, Europe, and Asia-Pacific) and Specialty Services (contracting, fabrication, distribution, and infrastructure). The company serves high tech, advanced manufacturing, healthcare, and critical infrastructure markets through a decentralized model emphasizing recurring revenue from master service agreements.

Summary from 10-K filed 2026-02-25

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
Net revenues	7,911	7,018	6,928	6,558	3,940
Cost of revenues	5,424	4,840	4,988	4,844	3,001
Gross profit	2,487	2,178	1,940	1,714	939
Selling, general, and administrative expenses	1,933	1,694	1,581	1,552	803
Operating income	554	484	359	162	136
Interest expense, net	141	146	145	125	—
Investment expense (income) and other, net	0	8	−18	—	—
Other expense, net	141	154	127	69	57
Income before income taxes	413	330	232	93	79
Income tax provision	111	80	79	20	32
Net income	302	250	153	73	47
Stock conversion of Series B Preferred Stock	0	−372	0	0	—
Net loss attributable to common shareholders	−288	−224	−161	29	−137
Net loss per common share (basic) (in dollars per share)	−0.69	−0.56	−0.46	0.1	−0.67
Net loss per common share (diluted) (in dollars per share)	−0.69	−0.56	−0.46	0.1	−0.67
Weighted-average shares outstanding (basic) (in shares)	416	402	353	233	206
Weighted-average shares outstanding (diluted) (in shares)	416	402	353	266	206

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 and cash equivalents	912	499	479	605	1,188
Accounts receivable, net of allowances of $14 and $9 at December 31, 2025 and 2024, respectively	1,563	1,444	1,395	1,313	767
Inventories	145	143	150	163	69
Contract assets	484	453	436	459	217
Prepaid expenses and other current assets	125	119	122	112	83
Total current assets	3,229	2,658	2,582	2,652	2,626
Property and equipment, net	397	379	385	407	—
Operating lease right-of-use assets	301	268	233	222	101
Goodwill	3,167	2,894	2,471	2,382	1,106
Intangible assets, net	1,584	1,660	1,620	1,784	882
Deferred tax assets	40	57	113	108	73
Pension and post-retirement assets	129	120	111	392	—
Other assets	89	116	75	144	45
Total assets	8,936	8,152	7,590	8,091	5,159
Short-term and current portion of long-term debt	5	4	5	206	1
Accounts payable	526	497	472	490	236
Contingent consideration and compensation liabilities	60	20	22	—	—
Accrued salaries and wages	444	381	363	337	209
Contract liabilities	694	590	526	463	243
Operating and finance leases	98	90	75	73	27
Other accrued liabilities	323	303	344	325	129
Total current liabilities	2,150	1,885	1,807	1,921	867
Long-term debt, less current portion	2,754	2,749	2,322	2,583	—
Pension and post-retirement obligations	50	48	50	40	—
Contingent consideration and compensation liabilities	8	22	11	6	10
Operating and finance leases	215	192	172	166	79
Deferred tax liabilities	205	198	233	340	43
Other noncurrent liabilities	146	105	127	111	71
Total liabilities	5,528	5,199	4,722	5,167	2,836
Commitments and contingencies (Note 18)	0	0	0	0	—
Series A Preferred Stock, $0.0001 par value; 7,000,000 authorized shares; 4,000,000 shares issued and outstanding at December 31, 2025 and 2024	0	0	0	0	—
Common stock, $0.0001 par value; 1,000,000,000 and 500,000,000 authorized shares; and 415,915,273 shares and 412,167,491 shares issued at December 31, 2025 and 2024, respectively (excluding 15,212,810 and 11,916,156 shares declared for stock dividend at December 31, 2025 and 2024, respectively)	0	0	0	0	0
Additional paid-in capital	3,296	3,305	2,572	2,558	2,560
Retained earnings	517	215	−11	−164	−237
Accumulated other comprehensive loss	−405	−567	−490	−267	—
Total shareholders equity	3,408	2,953	2,071	2,127	2,323
Total liabilities and shareholders equity	8,936	8,152	7,590	8,091	5,159

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	85	80	79	77	75
Amortization	242	222	224	227	127
Restructuring charges, net of cash paid	−6	−16	9	22	—
Deferred taxes	15	−30	−32	−47	6
Share-based compensation expense	44	32	29	18	12
Profit-sharing expense	36	27	19	15	15
Non-cash lease expense	110	97	88	67	31
Net periodic pension cost (benefit)	23	27	−8	−35	0
Other, net	−9	−28	3	3	7
Accounts receivable	−57	−2	−69	−148	−99
Contract assets	−17	−9	26	−69	−73
Inventories	6	9	13	−30	−2
Prepaid expenses and other current assets	1	6	−14	−1	4
Accounts payable	5	16	−14	71	78
Accrued liabilities and income taxes payable	45	−3	42	47	15
Contract liabilities	85	46	51	71	19
Other assets and liabilities	−151	−104	−85	−52	−89
Net cash provided by operating activities	759	620	514	270	182
Acquisitions, net of cash acquired	−186	−778	−83	−2,839	−86
Purchases of property and equipment	−96	−84	−86	−79	−55
Proceeds from sales of property, equipment, held for sale assets, and businesses	28	33	54	17	20
Net cash used in investing activities	−254	−829	−115	−2,901	−121
Proceeds from long-term borrowings	0	850	0	1,104	650
Payments on long-term borrowings	−7	−437	−484	−34	−321
Repurchases of common stock	−75	0	−41	−44	0
Proceeds from the issuance of common shares	0	458	0	797	—
Conversion of Series B Preferred Stock	0	−600	0	0	—
Payments of acquisition-related consideration	−18	−8	−4	−5	−74
Restricted shares tendered for taxes	−21	−13	−3	−3	−3
Other financing activities	0	−5	0	0	—
Net cash (used in) provided by financing activities	−121	245	−532	1,756	917
Effect of foreign currency exchange rate change on cash, cash equivalents, and restricted cash	28	−15	6	−9	−2
Net increase (decrease) in cash, cash equivalents, and restricted cash	412	21	−127	−884	976
Cash paid for interest, net of interest income	136	152	150	120	41
Cash paid for income taxes, net of refunds	111	101	95	43	66
Accrued consideration	30	31	11	1	18
Shares of common stock issued to profit sharing plan	24	18	14	13	—
Shares of common stock issued for conversion of Series B Preferred Stock	0	569	0	0	13

Filings

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Frequently asked questions

What is APi Group Corp's CIK number?

APi Group Corp's SEC CIK number is 0001796209 (1796209). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find APi Group Corp's SEC filings?

All of APi Group Corp's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did APi Group Corp last report earnings?

APi Group Corp (APG) most recently filed an earnings 8-K with the SEC on Apr 30, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001796209-26-000003). This is APi Group Corp's most recent earnings filing of record — not a forecast of its next earnings date.

What is APi Group Corp's most recent earnings 8-K?

APi Group Corp's latest earnings 8-K (Item 2.02) was filed Apr 30, 2026 under accession 0001796209-26-000003. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

View APi Group Corp's latest earnings 8-K →
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