CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Millions	Sep. 30, 2025	Dec. 31, 2024
ASSETS
Cash	$ 14.1	$ 13.4
Accounts receivable, net of allowances of $11.7 and $10.7 as of September 30, 2025 and December 31, 2024, respectively	216.0	199.7
Inventories, net	504.6	535.9
Prepaid expenses and other current assets	37.2	25.5
Total current assets	771.9	774.5
NON-CURRENT ASSETS
Property and equipment, net	79.5	81.6
Rental fleet, net	341.0	358.8
Operating lease right-of-use assets, net	110.4	113.0
Goodwill	77.3	77.5
Other intangible assets, net	47.6	54.7
Other assets	3.3	20.3
TOTAL ASSETS	1,431.0	1,480.4
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current portion of long-term debt	11.0	10.5
Accounts payable	93.2	91.5
Customer deposits	13.0	14.8
Accrued expenses	55.3	51.2
Current operating lease liabilities	14.8	15.1
Current deferred revenue	11.3	13.0
Other current liabilities	3.9	6.6
Total current liabilities	542.7	577.2
NON-CURRENT LIABILITIES
Lines of credit, net	231.7	179.8
Long-term debt, net of current portion	483.1	480.0
Finance lease obligations, net of current portion	30.8	35.5
Deferred revenue, net of current portion	5.1	4.3
Long-term operating lease liabilities, net of current portion	102.1	103.5
Deferred tax liabilities	22.2	10.8
Other liabilities	10.4	11.7
TOTAL LIABILITIES	1,428.1	1,402.8
CONTINGENCIES - NOTE 11
STOCKHOLDERS’ EQUITY
Preferred stock, $0.0001 par value per share, 1,000,000 shares authorized, 1,200 shares issued and outstanding at both September 30, 2025 and December 31, 2024 (1,200,000 Depositary Shares representing a 1/1000th fractional interest in a share of 10% Series A Cumulative Perpetual Preferred Stock)
Common stock, $0.0001 par value per share, 200,000,000 shares authorized; 32,155,897 and 32,762,135 shares issued and outstanding at September 30, 2025 and December 31, 2024, respectively
Additional paid-in capital	247.6	243.5
Treasury stock at cost, 2,733,306 and 1,587,702 shares of common stock held at September 30, 2025 and December 31, 2024, respectively	(18.2)	(11.7)
Accumulated deficit	(223.9)	(149.3)
Accumulated other comprehensive loss	(2.6)	(4.9)
TOTAL STOCKHOLDERS’ EQUITY	2.9	77.6
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	1,431.0	1,480.4
New Equipment
LIABILITIES AND STOCKHOLDERS’ EQUITY
Floor plan payable	270.8	293.4
Used and Rental Equipment
LIABILITIES AND STOCKHOLDERS’ EQUITY
Floor plan payable	$ 69.4	$ 81.1

ALTA EQUIPMENT GROUP INC. 10-Q