APi Group Corp
APG- Exchange
- NYSE
- Industry
- Services-To Dwellings & Other Buildings
- SEC CIK
- 0001796209
In the last 90 days, APi Group Corp insiders filed 0 open-market purchases and 1 sale; 589 institutions reported holding it in 13F filings for Q2 2026, worth $15.5B in total; Third Point is the only superinvestor holding it.
- Currency
- USD
- Source
- SEC XBRL data (10-K, 10-Q, 20-F, 40-F)
- Updated
- Oct 30, 2026, 1:20 AM ET
Revenue flow, FY2025
Where the revenue went in FY2025, from the income statement below. Green is profit; orange is costs, expenses and taxes. Percentages are shares of revenue; hover over a band or a bar for the exact amount.
Income statement
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Feb 17, 2026 | Feb 19, 2025 | Feb 28, 2024 | Feb 21, 2023 | Feb 23, 2022 |
| Revenue | $7.91B | $7.02B | $6.93B | $6.56B | $3.94B |
| Cost of revenue | $5.42B | $4.84B | $4.99B | $4.84B | $3.00B |
| Gross profit | $2.49B | $2.18B | $1.94B | $1.71B | $939.0M |
| Selling, general and administrative | $1.93B | $1.69B | $1.58B | $1.55B | $803.0M |
| Operating income | $554.0M | $484.0M | $359.0M | $162.0M | $136.0M |
| Interest expense | – | – | $145.0M | $125.0M | $60.0M |
| Income tax | $111.0M | $80.0M | $79.0M | $20.0M | $32.0M |
| Net income | $302.0M | $250.0M | $153.0M | $73.0M | $47.0M |
| EPS, basic | $-0.69 | $-0.84 | $-0.68 | $0.10 | $-0.67 |
| EPS, diluted | $-0.69 | $-0.84 | $-0.68 | $0.10 | $-0.67 |
| Weighted shares, basic | 415.7M | 267.7M | 235.1M | 233.2M | 206.0M |
| Weighted shares, diluted | 415.7M | 267.7M | 235.1M | 266.1M | 206.0M |
| Margins and growth | |||||
| Gross margin | 31.4% | 31.0% | 28.0% | 26.1% | 23.8% |
| Operating margin | 7.0% | 6.9% | 5.2% | 2.5% | 3.5% |
| Net margin | 3.8% | 3.6% | 2.2% | 1.1% | 1.2% |
| Revenue growth, year over year | +12.7% | +1.3% | +5.6% | +66.4% | +9.8% |
| Net income growth, year over year | +20.8% | +63.4% | +109.6% | +55.3% | – |
Balance sheet
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023! | FY2022! | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Feb 17, 2026 | Feb 19, 2025 | Feb 28, 2024 | Feb 21, 2023 | Feb 23, 2022 |
| Cash and equivalents | $912.0M | $499.0M | $479.0M | $605.0M | $1.19B |
| Accounts receivable | $1.56B | $1.44B | $1.40B | $1.31B | $767.0M |
| Inventory | $145.0M | $143.0M | $150.0M | $163.0M | $69.0M |
| Total current assets | $3.23B | $2.66B | $2.58B | $2.65B | $2.63B |
| Property, plant and equipment | – | – | – | $407.0M | $326.0M |
| Goodwill | $3.17B | $2.89B | $2.47B | $2.38B | $1.11B |
| Intangible assets | $1.58B | $1.66B | $1.62B | $1.78B | $882.0M |
| Total assets | $8.94B | $8.15B | $7.59B | $8.09B | $5.16B |
| Accounts payable | $526.0M | $497.0M | $472.0M | $490.0M | $236.0M |
| Short-term debt | $5.00M | $4.00M | $5.00M | $206.0M | $1.00M |
| Total current liabilities | $2.15B | $1.89B | $1.81B | $1.92B | $867.0M |
| Long-term debt | $2.75B | $2.75B | $2.32B | $2.58B | $1.77B |
| Total liabilities | $5.53B | $5.20B | $4.72B | $5.17B | $2.84B |
| Shareholders' equity | $3.41B | $2.95B | $2.07B | $2.13B | $2.32B |
Cash flow statement
Each column is one fiscal year, newest first. Free cash flow is operating cash flow minus capital expenditures.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Feb 17, 2026 | Feb 19, 2025 | Feb 28, 2024 | Feb 21, 2023 | Feb 23, 2022 |
| Operating cash flow | $759.0M | $620.0M | $514.0M | $270.0M | $182.0M |
| Capital expenditures | $96.0M | $84.0M | $86.0M | $79.0M | $55.0M |
| Free cash flow | $663.0M | $536.0M | $428.0M | $191.0M | $127.0M |
| Stock-based compensation | $44.0M | $32.0M | $29.0M | $18.0M | $12.0M |
| Share buybacks | $75.0M | $0 | $41.0M | $44.0M | – |
| Investing cash flow | -$254.0M | -$829.0M | -$115.0M | -$2.90B | -$121.0M |
| Financing cash flow | -$121.0M | $245.0M | -$532.0M | $1.76B | $917.0M |
| Net change in cash | $412.0M | $21.0M | -$127.0M | -$884.0M | $976.0M |
| Ratio | |||||
| Stock-based compensation, % of revenue | 0.6% | 0.5% | 0.4% | 0.3% | 0.3% |
Shares outstanding
Common shares outstanding as stated on the cover of each 10-K and 10-Q. The date is the cover date, not the period end; a rising count means dilution.
| Cover date | Shares outstanding | Change in a year | Filing |
|---|---|---|---|
| Oct 22, 2026 | 425.3M | +2.2% | SEC |
| Jul 23, 2026 | 432.2M | +3.9% | SEC |
| Apr 23, 2026 | 433.2M | +56.5% | SEC |
| Feb 18, 2026 | 431.5M | +55.4% | SEC |
| Oct 23, 2025 | 415.9M | +51.4% | SEC |
| Jul 24, 2025 | 415.9M | +51.4% | SEC |
| Apr 24, 2025 | 276.8M | +0.9% | SEC |
| Feb 19, 2025 | 277.6M | +13.7% | SEC |
Notes and known gaps
How these numbers are put together, and what they can't tell you.
- Numbers come from the XBRL data in each period's original 10-K, 10-Q, 20-F or 40-F, or its amendment. They are shown as filed: later filings don't restate earlier periods here.
- Reported is the filing date of the first 8-K with Item 2.02 (results of operations) after the period ended, no later than the 10-Q or 10-K and within 120 days. Companies that release results only in the 10-Q, and foreign companies, which use Form 6-K, have none.
- A column marked ! failed an accounting identity (gross profit = revenue − cost of revenue, or assets = liabilities + equity, within 1%). Its numbers are shown as filed.
Known gaps
- Foreign companies that file Form 20-F or 40-F have annual statements only: their quarterly results are furnished on Form 6-K, which has no XBRL data.
- EPS and share counts are as reported at the time, not adjusted for later stock splits.
- For ADRs, EPS is per ordinary share, not per ADS (one TSMC ADS is five ordinary shares).
- For banks, revenue may be interest income only, depending on how the bank tags its filings; cost of revenue and gross profit are usually blank.
- Companies with several share classes, such as Berkshire Hathaway, may have no EPS and no cover share count.
- Depreciation and amortization is missing for some companies that report it under their own XBRL tags.