Vertiv Holdings Co

Company facts

Industry

Electronic Components, NEC

Headquarters

Westerville, Ohio

Most recent report

10-Q, filed Oct 28, 2026

Incorporated

Delaware

Filings on record

880 filings

On EDGAR

CIK 1674101

Fiscal year ends

December

Filer status

Large accelerated filer

What to read: Sep 2026 10-Q

SECSift found 5 of 15 sections worth reading, with 1 positive, 9 notable, and 1 negative flags.

• Financial Statements (Item 1)

  Financial statements and notes with acquisition, debt, and cash flow details.
  Notable

  • Acquired UtilityInnovation Group for $1.45B cash after quarter-end, with up to $1.15B earnout.
  • Issued $2.1B of new senior notes due 2036-2066, repaid term loan, refinanced credit facility.

• Management's Discussion (Item 2)

  Revenue up 61%, operating profit up 90%, cash from ops up 140%, all with numbers.
  Positive

  • Net sales up 61.2% to $4,312.8M in Q3 2026, driven by AI demand and acquisitions.
  Notable

  • Acquisition-related contingent consideration expense of $96.1M in nine months 2026.

• Legal Proceedings (Item 1)

  Two active securities and derivative lawsuits with specific allegations and procedural history.
  Notable

  • Securities class action Exchange Act claims (10b-5, 20a) still pending after January 2024 partial dismissal.
  • Two derivative lawsuits consolidated in February 2025, stayed pending class action outcome.
  • Company states it has meritorious defenses but cannot predict outcome or costs.

• Risk Factors (Item 1A)

  New covenant details and leverage ratio step-up trigger added since 10-K.
  Notable

  • Step-up to 4.50:1.00 triggers after an acquisition with cash consideration of at least $750 million.
  Negative

  • Covenant breach could cause cross-default, accelerate debt, and allow secured creditors to seize collateral.

• Item 5C

  Two senior officers adopted 10b5-1 plans to sell a combined ~289k shares.
  Notable

  • Paul Ryan adopted a plan on Sep 4, 2026 to sell up to 38,799 shares (2,137 direct + 36,662 option exercise/sale).
  • Anand Sanghi adopted a plan on Sep 10, 2026 to sell up to 250,508 shares via option exercise and same-day sale.

What changed: Sep 2026 vs. Jun 2026

About 5% of VRT's Sep 2026 10-Q is new information. 12 paragraphs were added, 127 changed, and 14 removed. Below are the most important lines SECSift identified.

• Item 2 47
• Item 1 45
• Item 4 3
• Item 5C 2
• Item 1A 1
• Item 6 1