Perma-Pipe International Holdings, Inc. (PPIH)
Perma-Pipe International Holdings, Inc. (PPIH)
| Balance Sheets | 2026-04-30 | 2026-01-31 | 2025-10-31 | 2025-07-31 |
|---|---|---|---|---|
| Cash and cash equivalents | 28,300 | 18,720 | 27,237 | 17,258 |
| Restricted cash | 3,541 | 3,575 | 1,413 | 1,444 |
| Trade accounts receivable, less allowance for credit losses of 1,564 at april 30, 2026 and 1,571 at january 31, 2026 | 51,243 | 66,023 | 56,633 | 47,206 |
| Inventories | 18,427 | 18,115 | 19,135 | 15,885 |
| Prepaid expenses and other current assets | NaN | 6,835 | 14,621 | 12,312 |
| Prepaid expenses | 8,551 | NaN | NaN | NaN |
| Unbilled accounts receivable | 31,408 | 28,814 | 28,453 | 27,672 |
| Costs and estimated earnings in excess of billings on uncompleted contracts | 4,117 | 4,652 | 4,084 | 3,569 |
| Other current assets | 787 | NaN | NaN | NaN |
| Total current assets | 146,374 | 146,734 | 151,576 | 125,346 |
| Property, plant, and equipment, after accumulated depreciation, depletion, and amortization | 45,117 | 44,116 | 42,361 | 39,267 |
| Operating lease right-of-use asset | 16,308 | 13,054 | 11,964 | 11,862 |
| Deferred tax assets | 5,964 | 5,954 | 5,142 | 6,218 |
| Goodwill | 2,185 | 2,188 | 2,128 | 2,154 |
| Other long-term assets | 5,655 | 5,440 | 3,814 | 4,143 |
| Total long-term assets | 75,229 | 70,752 | 65,409 | 63,644 |
| Total assets | 221,603 | 217,486 | 216,985 | 188,990 |
| Trade accounts payable | 24,797 | 24,541 | 32,313 | 23,069 |
| Accrued compensation and payroll taxes | 1,165 | 1,449 | 1,319 | 1,655 |
| Commissions and management incentives payable | 4,249 | 6,580 | 6,158 | 5,551 |
| Revolving line - north america | NaN | NaN | NaN | 9,732 |
| Long-term debt, current maturities, excluding north american revolving line | 10,394 | 19,843 | 17,083 | 6,358 |
| Customers' deposits | 10,545 | 11,853 | 12,863 | 5,371 |
| Operating lease liability short-term | 2,620 | 2,196 | 1,783 | 1,383 |
| Other accrued liabilities | 6,019 | 7,235 | 8,563 | 6,198 |
| Billings in excess of costs and estimated earnings on uncompleted contracts | 878 | 2,153 | 1,749 | 1,641 |
| Income taxes payable | 2,705 | 3,939 | 4,470 | 3,104 |
| Loan payable to gig-Related Party | NaN | NaN | NaN | 2,753 |
| Total current liabilities | 63,372 | 79,789 | 86,301 | 66,815 |
| Long-term debt, excluding current maturities | 19,177 | 4,169 | 12,661 | 3,711 |
| Long-term finance obligations | 8,452 | 8,527 | NaN | 8,662 |
| Deferred compensation liabilities | 1,935 | 1,781 | 2,183 | 2,040 |
| Deferred tax liabilities | 1,837 | 1,816 | 1,502 | 1,373 |
| Operating lease liability long-term | 15,136 | 12,125 | 11,274 | 11,425 |
| Loan payable to gig-Related Party | NaN | NaN | NaN | 0 |
| Other long-term liabilities | 2,958 | 2,978 | 3,076 | 2,535 |
| Total long-term liabilities | 49,496 | 31,396 | 30,696 | 29,746 |
| Non-controlling interest | 16,494 | 15,663 | 14,235 | 12,225 |
| Common stock, .01 par value, authorized 50,000 shares 8,123 issued and outstanding at april 30, 2026 and 8,122 at january 31, 2026 | 81 | 81 | 81 | 80 |
| Additional paid-in capital | 61,235 | 61,097 | 61,298 | 61,603 |
| Retained earnings | 38,940 | 37,139 | 32,222 | 25,907 |
| Accumulated other comprehensive loss | -8,015 | -7,679 | -7,848 | -7,386 |
| Total stockholders' equity | 92,241 | 90,638 | 85,753 | 80,204 |
| Total liabilities and stockholders' equity | 221,603 | 217,486 | 216,985 | 188,990 |