APi Group Corp (APG) Financial Statements
Industry: To Dwellings & Other Buildings (Services)
In fiscal 2025, APi reported revenue of $7.91B, up 12.7% from $7.02B the year before. Net income was $302.0M (a 3.8% net margin), or -$0.69 per diluted share. Gross margin was 31.4% and operating margin was 7.0%. Operating activities generated $759.0M of cash, leaving $663.0M of free cash flow. At fiscal year end, APi held $8.94B in total assets against $5.53B in total liabilities, including $912.0M of cash and equivalents.
Open the full interactive APi financials → Quarterly statements, key ratios, valuation history and price charts.
APi Key Stats
| Share Price | $40.62 |
|---|---|
| Market Cap | $17.75B |
| Revenue YoY Growth | +12.7% |
| 52-Week Range | $33.64 – $49.40 |
| Shares Outstanding | 432.7 million (basic, 2026 Q2) |
APi Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $3.59B | $3.94B | $6.56B | $6.93B | $7.02B | $7.91B |
| Cost of Goods Sold | — | — | — | $4.99B | — | — |
| Gross Profit | $756.0M | $939.0M | $1.71B | $1.94B | $2.18B | $2.49B |
| Operating Income | -$166.0M | $136.0M | $162.0M | $359.0M | $484.0M | $554.0M |
| Pre-Tax Income | -$184.0M | $79.0M | $93.0M | $232.0M | $330.0M | $413.0M |
| Income Tax | -$31.0M | $32.0M | $20.0M | $79.0M | $80.0M | $111.0M |
| Net Income | -$153.0M | $47.0M | $73.0M | $153.0M | $250.0M | $302.0M |
| Diluted EPS | -$1.47 | -$0.45 | $0.07 | -$0.45 | -$0.56 | -$0.69 |
APi Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $2.08B | $2.12B | $1.98B | $2.25B |
| Net Income | $93.0M | $97.0M | $57.0M | $99.0M |
| Diluted EPS | $0.20 | $0.23 | $0.12 | $0.20 |
APi Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $515.0M | $1.19B | $605.0M | $479.0M | $499.0M | $912.0M |
| Current Assets | $1.44B | $2.63B | $2.65B | $2.58B | $2.66B | $3.23B |
| Total Assets | $4.07B | $5.16B | $8.09B | $7.59B | $8.15B | $8.94B |
| Current Liabilities | $841.0M | $867.0M | $1.92B | $1.81B | $1.89B | $2.15B |
| Total Long-Term Debt | $1.40B | $1.77B | $2.58B | $2.33B | $2.75B | $2.76B |
| Total Liabilities | $2.51B | $2.84B | $5.17B | $4.72B | $5.20B | $5.53B |
| Shareholders' Equity | $1.56B | $2.32B | $2.13B | $2.07B | $2.95B | $3.41B |
APi Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $496.0M | $182.0M | $270.0M | $514.0M | $620.0M | $759.0M |
| Cash From Investing | -$340.0M | -$121.0M | -$2.90B | -$115.0M | -$829.0M | -$254.0M |
| Cash From Financing | $99.0M | $917.0M | $1.76B | -$532.0M | $245.0M | -$121.0M |
| Free Cash Flow | $458.0M | $127.0M | $191.0M | $428.0M | $536.0M | $663.0M |
Figures from APi's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full APi financials page for every line item.
APi Company Profile
| Ticker | APG |
|---|---|
| Exchange | NYSE |
| Industry | To Dwellings & Other Buildings (Services) |
| Headquarters | New Brighton, Minnesota |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0001796209 |
Frequently Asked Questions
What was APi's revenue in fiscal 2025?
APi (APG) reported revenue of $7.91B for fiscal 2025.
What is APi's annual revenue history?
APi's annual revenue by fiscal year: 2020: $3.59B; 2021: $3.94B; 2022: $6.56B; 2023: $6.93B; 2024: $7.02B; 2025: $7.91B.
What was APi's net income in fiscal 2025?
APi reported net income of $302.0M for fiscal 2025.
What was APi's earnings per share (EPS) in fiscal 2025?
APi's diluted EPS was -$0.69 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did APi generate in fiscal 2025?
APi generated $663.0M of free cash flow in fiscal 2025.
What was APi's revenue last quarter?
In its most recent reported quarter (2026 Q2), APi reported revenue of $2.25B.
How much debt does APi have?
APi reported $2.76B of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of APi are outstanding?
APi reported a weighted average of 432.7 million basic shares outstanding in 2026 Q2.
What is APi's market cap?
Based on its latest closing price, APi (APG) has a market capitalization of about $17.75B.
When does APi's fiscal year end?
APi's fiscal year end, as registered with the SEC, is December 31.
Where is APi headquartered?
APi lists its business address in New Brighton, Minnesota in its SEC filings.