Perma-Pipe International Holdings, Inc. PPIH

FY2026 · ended Jan 31, 2026 · Revenue $210.93M, +33.2% YoY · Filed Apr 16, 2026

Perma-Pipe International Holdings, Inc. (PPIH) files with the SEC under industry code 3564, Industrial & Commercial Fans & Blowers & Air Purifing Equip. In fiscal 2026, which ended Jan 31, 2026, it reported revenue of $210.9 million and net income of $17.0 million. Free cash flow was -$1.3 million. As of Jul 31, 2026 it held $31.8 million in cash and investments and $54.2 million in total debt.

Revenue
$210.93M
+33.2% vs prior year
Net income
$17.04M
+89.6% vs prior year
Operating cash flow
$9.17M
-34.2% vs prior year
Free cash flow
$-1.27M
-111.5% vs prior year
EPS
$2.09
+86.6% vs prior year
Dividend per share
None
Shares outstanding
8.12M
+1.8% vs prior year
Net cash
$-22.39M
as of Jul 31, 2026
Operating margin
14.0%
FY 2026

Company profile

Industry
Industrial & Commercial Fans & Blowers & Air Purifing Equip (SIC 3564)
Listed as
PPIH (Nasdaq)
Fiscal year ends
January 31
Incorporated in
DE
Headquarters
The Woodlands, TX
SEC filer status
Accelerated filer, Smaller reporting company
SEC CIK
914122
Former names
MFRI INC (until Mar 20, 2017)

Other Industrial & Commercial Fans & Blowers & Air Purifing Equip companies

Key figures

Fiscal-year totals from the annual reports. Balance sheet lines are as of each year end.

Line
FY 2026
Jan 31, 2026
FY 2025
Jan 31, 2025
FY 2024
Jan 31, 2024
FY 2023
Jan 31, 2023
FY 2021
Jan 31, 2022
Revenue
$210.9M
$158.4M
$150.7M
$142.6M
$138.6M
Operating income
$29.4M
$20.3M
$13.4M
$11.1M
$8.1M
Net income
$17.0M
$9.0M
$10.5M
$5.9M
$6.1M
Diluted EPS
$2.09
$1.12
$1.30
$0.73
$0.72
Operating cash flow
$9.2M
$13.9M
$14.7M
-$1.2M
-$2.6M
Free cash flow
-$1.3M
$11.1M
$3.6M
-$8.2M
-$4.8M
Total assets
$217.5M
$165.2M
$155.7M
$123.0M
$123.4M
Stockholders' equity
$90.6M
$72.1M
$65.7M
$57.8M
$54.5M
Cash and investments
$18.7M
$15.7M
$5.8M
$5.8M
$8.2M
Total debt
$19.2M
$33.3M
$11.5M
$20.3M
$35.1M

Recent SEC filings

Recent SEC filings
Form Description Filed Period
10-Q Quarterly report Sep 9, 2026 Jul 31, 2026
8-K Current report
Results of operations
Sep 9, 2026 Sep 9, 2026
8-K Current report
Material agreement, Agreement ended, New debt
Aug 27, 2026 Aug 25, 2026
8-K Current report
Shareholder vote results
Jun 29, 2026 Jun 24, 2026
10-Q Quarterly report Jun 9, 2026 Apr 30, 2026
8-K Current report
Results of operations
Jun 9, 2026 Jun 9, 2026

Source: SEC EDGAR filings. This is company-reported data, not investment advice.