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How Perimeter Group (PRM) makes money

Perimeter Group (PRM) made $390M of revenue in the third quarter 2026 (Q3 2026), +24% from a year earlier. Revenues from products brought in $327M (84%); Services and others brought in $63.2M (16%). Of every dollar of revenue, 61¢ was left as gross profit, 107¢ was left as operating profit, 78¢ was left as net earnings.

Drawing the Sankey…

Perimeter Group revenue by segment, Q3 2026Perimeter Group revenue by segment, Q3 2026Revenues from products$327MServices and others$63.2M
Perimeter Group: revenue by line, Q1 2026 to Q3 2026Perimeter Group: revenue by line, Q1 2026 to Q3 2026Revenues from productsServices and othersOther revenuesRevenues from products: $327M latest$327MServices and others: $63.2M latest$63.2MOther revenues: $0 latestQ1 2026Q2 2026Q3 2026
Services and others went from 2% of revenue in Q1 2026 to 16% in Q3 2026, the largest shift in the mix.
Perimeter Group revenue by quarterPerimeter Group revenue by quarter$72.0MQ1 2025$163MQ2 2025$315MQ3 2025$103MQ4 2025$125MQ1 2026$214MQ2 2026$390MQ3 2026
Perimeter Group: where each dollar of revenue goesPerimeter Group: where each dollar of revenue goesCost of revenue39¢Gross profit61¢Operating profit107¢Income tax23¢Net earnings78¢Operating cash flow42¢Free cash flow39¢

Revenue by segment, Q3 2026

SegmentRevenueShareQ/QY/Y
Revenues from products$327M83.8%+83%+26%
Services and others$63.2M16.2%+79%+11%

Where each dollar of revenue goes

LineQ3 2026% of revenue
Revenue$390M100.0%
Cost of revenue$152M38.9%
Gross profit$238M61.1%
Operating profit$416M106.8%
Income tax$90.9M23.3%
Net earnings$304M78.1%
Operating cash flow$163M41.8%
Free cash flow$150M38.6%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q3 2026$390M+24%
Q2 2026$214M+32%
Q1 2026$125M+74%
Q4 2025$103M+19%
Q3 2025$315M+9%
Q2 2025$163M+28%
Q1 2025$72.0M+22%

From Perimeter Group's 10-Q filed Nov 5, 2026 (on EDGAR).

Questions

How does Perimeter Group make money?

Perimeter Group (PRM) made $390M of revenue in the third quarter 2026 (Q3 2026), +24% from a year earlier. Revenues from products brought in $327M (84%); Services and others brought in $63.2M (16%). Of every dollar of revenue, 61¢ was left as gross profit, 107¢ was left as operating profit, 78¢ was left as net earnings.

What is Perimeter Group's biggest business?

Revenues from products: $327M in the third quarter 2026, 84% of revenue, +26% from a year earlier.

What is Perimeter Group's profit margin?

Net earnings were $304M, 78.1% of revenue, in the third quarter 2026; the operating margin was 106.8%.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.