Perma-Pipe International Holdings, Inc.
Financial highlights
| Metric | FY 01/31/26 | FY 01/31/25 | FY 03/31/24 | FY 01/31/24 | FY 01/31/23 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $210.9M | $158.4M | — | $150.7M | $142.6M |
| Cost of revenue | $141.4M | $105.1M | — | $109.2M | $104.3M |
| Gross profit | $69.5M | $53.2M | — | $41.5M | $38.3M |
| Research and development | — | $100,000 | — | $500,000 | $600,000 |
| Operating expenses | $40.0M | $32.9M | — | $28.1M | $27.2M |
| Operating income | $29.4M | $20.3M | — | $13.4M | $11.1M |
| Interest expense | $2.1M | $2.2M | — | $2.4M | $2.2M |
| Pretax income | $27.5M | $18.5M | — | $9.9M | $9.6M |
| Income tax expense | $6.8M | $5.4M | — | -$3.3M | $3.6M |
| Net income | $17.0M | $9.0M | — | $10.5M | $5.9M |
| Balance Sheet | |||||
| Cash and equivalents | $18.7M | $15.7M | — | $5.8M | $5.8M |
| Current assets | $146.7M | $108.8M | — | $98.8M | $85.7M |
| Total assets | $217.5M | $165.2M | — | $155.7M | $123.0M |
| Current liabilities | $79.8M | $54.1M | — | $57.7M | $43.8M |
| Total debt | $32.6M | $24.6M | $25.7M | $25.7M | $24.4M |
| Stockholders' equity | $90.6M | $72.1M | — | $65.7M | $57.8M |
| Cash Flow Statement | |||||
| Cash from operations | $9.2M | $13.9M | — | $14.7M | -$1.2M |
| Depreciation and amortization | $4.9M | $3.6M | — | $3.8M | $3.6M |
| Stock-based compensation | $2.5M | $860,000 | — | $913,000 | $1.0M |
| Capital expenditure | $10.4M | $2.9M | — | $11.1M | $7.0M |
| Free cash flow | -$1.3M | $11.1M | — | $3.6M | -$8.2M |
| Share repurchases | — | $0 | — | $942,000 | $69,000 |
| Impairments | $0 | $0 | — | — | $0 |
Shares outstanding 8.1M · Free float 95.6%
Annual filing data through FY ended January 31, 2026; float as of July 11, 2026.