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Private company

AGILITI, INC. \DE

AGILITI, INC. \DE is an American miscellaneous equipment rental and leasing services company.1 It is headquartered in Eden Prairie, Minnesota.1

Last updated Oct 21, 2026.

Overview

  • IndustryServices-Miscellaneous Equipment Rental & Leasing1
  • HeadquartersEden Prairie, Minnesota1
  • Incorporated inDE2
  • Business address11095 Viking Drive, Suite 300, Eden Prairie, Mn 553442
  • Filer categoryAccelerated filer2

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We derive many of our forward-looking statements from our operating budgets and forecasts, which are based on many detailed assumptions. While we believe that our assumptions are reasonable, we caution that it is very difficult to predict the impact of known factors, and it is impossible for us to anticipate all factors that could affect our actual results. Important factors that could cause actual results to differ materially from our expectations, or cautionary statements, are disclosed under “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in this Form 10-K and elsewhere in our filings with the SEC. All written and oral forward-looking statements attributable to us, or persons acting on our behalf, are expressly qualified in their entirety by these cautionary statements as well as other cautionary statements that are made from …4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2023

34.4%Gross margin5
5.5%Operating margin5
-1.7%Net margin5
4.8%Revenue growth, 20235
-2.1%Return on equity5
1.15×Debt to equity5
$135.6MFree cash flow5

Where the money goes

Where each dollar of revenue went, fiscal 2023

  • Cost of revenue64¢$770.5M
  • Selling, general and admin28¢$339.3M
  • Interest7¢$84.1M
  • Income tax0¢$4.7M

Out of $1.2B in revenue.5 The company lost money this year.

Where each dollar of operating cash went, fiscal 2023

  • Capital spending20¢$34.2M
  • Dividends paid0¢$321.0K
  • Share buybacks2¢$3.8M
  • Kept or used elsewhere77¢$131.5M

Out of $169.8M of cash from operations.5

Financial statements

Revenue6785$1.2B in 2023+128% since 2017
0$500.0M$1.0B$1.5B2017: $514.8M$514.8M20172018: $565.2M$565.2M2018+10%2019: $613.1M$613.1M2019+8%2020: $773.3M$773.3M2020+26%2021: $1.0B$1.0B2021+34%2022: $1.1B$1.1B2022+8%2023: $1.2B$1.2B2023+5%
Gross profit6785$404.1M in 2023+135% since 2017
0$200.0M$400.0M$600.0M2017: $171.8M$171.8M20172018: $197.4M$197.4M2018+15%2019: $189.3M$189.3M2019−4%2020: $286.3M$286.3M2020+51%2021: $424.6M$424.6M2021+48%2022: $431.0M$431.0M2022+1%2023: $404.1M$404.1M2023−6%
Operating income6785$64.8M in 2023+41% since 2017
-$50.0M0$50.0M$100.0M$150.0M2017: $45.8M$45.8M20172018: -$44.5M-$44.5M20182019: $2.1M$2.1M20192020: $36.1M$36.1M2020+1613%2021: $104.2M$104.2M2021+189%2022: $92.0M$92.0M2022−12%2023: $64.8M$64.8M2023−30%
Net income6785-$19.4M in 2023
-$40.0M-$20.0M0$20.0M$40.0M2017: $8.8M$8.8M20172018: -$31.9M-$31.9M20182019: -$31.4M-$31.4M2019−1%2020: -$22.5M-$22.5M2020−28%2021: $24.0M$24.0M20212022: $30.2M$30.2M2022+26%2023: -$19.4M-$19.4M2023
Fiscal year2017201820192020202120222023
Revenue$514.8M6$565.2M6$613.1M7$773.3M8$1.0B5$1.1B5$1.2B5
Cost of revenue$343.0M6$367.8M6$423.8M7$487.0M8$614.1M5$690.3M5$770.5M5
Gross profit$171.8M6$197.4M6$189.3M7$286.3M8$424.6M5$431.0M5$404.1M5
Selling, general and admin$125.9M6$137.2M6$187.2M7$250.3M8$320.4M5$339.0M5$339.3M5
Operating income$45.8M6-$44.5M6$2.1M7$36.1M8$104.2M5$92.0M5$64.8M5
Interest$53.8M6$53.4M6$48.2M7$61.5M8$53.5M5$49.4M5$84.1M5
Income before tax$40.6M5$29.2M5-$23.9M5
Income tax-$17.2M6-$66.3M6-$14.9M7-$3.2M8$16.4M5-$1.2M5-$4.7M5
Net income$8.8M6-$31.9M6-$31.4M7-$22.5M8$24.0M5$30.2M5-$19.4M5
Earnings per share-$0.327-$0.238$0.205$0.235-$0.145
Earnings per share (diluted)-$0.327-$0.238$0.195$0.225-$0.145
Shares (weighted, basic)120.9M shares5132.6M shares5134.6M shares5
Shares (weighted, diluted)128.5M shares5138.4M shares5134.6M shares5

Compare AGILITI, INC. \DE with another company

Corporate structure

AGILITI, INC. \DE sits at the top of its group. 6 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of AGILITI, INC. \DE

  • AGILITI, INC. \DE Eden Prairie, Minnesota
    • Agiliti Health, Inc. Subsidiary · Delaware, United States
    • Agiliti Holdco, Inc. Subsidiary · Delaware, United States
    • Agiliti Imaging, Inc. Subsidiary · California, United States
    • Agiliti Surgical, Inc. Subsidiary · Delaware, United States
    • Federal Street Acquisition Corp. Subsidiary · Delaware, United States

Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What AGILITI, INC. \DE reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, net$292.7M5 Dec 31, 2023$274.0M5 Dec 31, 2022+6.8%
Finance-lease assets$27.6M5 Dec 31, 2023$23.2M5 Dec 31, 2022+18.6%
Operating-lease assets (leased space)$78.2M5 Dec 31, 2023$80.0M5 Dec 31, 2022−2.3%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$20.0M5 Dec 31, 2023$5.6M5 Dec 31, 2022+259.3%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$1.2B5 Dec 31, 2023$1.2B5 Dec 31, 20220%
Intangible assets, net (excluding goodwill)$430.0M5 Dec 31, 2023$512.0M5 Dec 31, 2022−16.0%
Accumulated amortization$360.1M5 Dec 31, 2023$285.1M5 Dec 31, 2022+26.3%
Finite-lived intangibles, net$430.0M5 Dec 31, 2023$512.0M8 Dec 31, 2022−16.0%

Inventory

ItemLatestA year beforeChange
Inventory, total$74.5M5 Dec 31, 2023$70.1M5 Dec 31, 2022+6.2%
Raw materials$13.4M5 Dec 31, 2023$14.6M5 Dec 31, 2022−8.2%
Work in process$400.0K5 Dec 31, 2023$692.0K5 Dec 31, 2022−42.2%
Finished goods$60.7M5 Dec 31, 2023$54.9M5 Dec 31, 2022+10.6%

Leadership

Who has led AGILITI, INC. \DE, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Thomas W. Boehning2023

President

  1. Thomas W. Boehning2021–2022

Chief financial officer

  1. James B. Pekarek2021–2024

Chief operating officer

  1. Derrick L. Johnson2023–2024
2025
Board members and other officers (17)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • Agiliti Health, Inc. Delaware3
  • Agiliti Holdco, Inc. Delaware3
  • Agiliti Imaging, Inc. California3
  • Agiliti Surgical, Inc. Delaware3
  • Federal Street Acquisition Corp. Delaware3

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Timeline

  1. May 7, 20248-K Entered a material agreement; Completed an acquisition or sale; New debt or obligation30
  2. Mar 5, 20248-K Results of operations31
  3. Feb 26, 20248-K Entered a material agreement; Regulation FD disclosure32
  4. Feb 16, 20248-K Entered a material agreement; New debt or obligation33
  5. Nov 7, 20238-K Results of operations34
  6. Oct 12, 20238-K Executive or director change35
  7. Oct 2, 20238-K Executive or director change; Regulation FD disclosure36
  8. Aug 21, 20238-K Regulation FD disclosure; Other events37
  9. Aug 8, 20238-K Results of operations38
  10. May 9, 20238-K Results of operations39
  11. May 5, 20238-K Shareholder vote40
  12. May 2, 20238-K Entered a material agreement; New debt or obligation41
  13. Mar 14, 2023New chief executive Thomas W. Boehning becomes CEO12

Calendar

When it reported results

  1. Mar 5, 2024Reported quarterly or annual results31
  2. Nov 7, 2023Reported quarterly or annual results34
  3. Aug 8, 2023Reported quarterly or annual results38
  4. May 9, 2023Reported quarterly or annual results39
  5. Mar 7, 2023Reported quarterly or annual results42
  6. Nov 10, 2022Reported quarterly or annual results43
  7. Aug 9, 2022Reported quarterly or annual results44
  8. May 10, 2022Reported quarterly or annual results45

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

272 filings to the SEC since October 2021: 4 annual reports, 8 quarterly reports, 27 major events, 172 insider forms, 1 large holders, 60 other. The latest 20:

  1. May 17, 202415-12G EDGAR
  2. May 13, 2024EFFECT EDGAR
  3. May 7, 202410-Q EDGAR
  4. May 7, 20244 EDGAR
  5. May 7, 20244 EDGAR
  6. May 7, 20244 EDGAR
  7. May 7, 20244 EDGAR
  8. May 7, 20244 EDGAR
  9. May 7, 20244 EDGAR
  10. May 7, 20244 EDGAR
  11. May 7, 20244 EDGAR
  12. May 7, 20244 EDGAR
  13. May 7, 20244 EDGAR
  14. May 7, 20244 EDGAR
  15. May 7, 20244 EDGAR
  16. May 7, 20244 EDGAR
  17. May 7, 20244 EDGAR
  18. May 7, 20244 EDGAR
  19. May 7, 2024S-8 POS EDGAR
  20. May 7, 2024POS AM EDGAR

The 272 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

82 open-market trades by officers, directors and large owners since October 2021: 0 buys and 82 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Apr 9, 2024Neumann Lee MEVP & GCSale4,685$10.04$47.0KForm 4
Mar 20, 2024Neumann Lee MEVP & GCSale4,685$10.07$47.2KForm 4
Feb 14, 2024Leonard Thomas JCHIEF EXECUTIVE OFFICERSale27,558$7.23$199.2KForm 4
Jan 11, 2024Leonard Thomas JCHIEF EXECUTIVE OFFICERSale27,558$7.31$201.4KForm 4
Dec 14, 2023Leonard Thomas JCHIEF EXECUTIVE OFFICERSale27,558$7.95$219.1KForm 4
Nov 16, 2023Leonard Thomas JCHIEF EXECUTIVE OFFICERSale27,558$7.34$202.3KForm 4
Nov 15, 2023Leonard Thomas JCHIEF EXECUTIVE OFFICERSale15,000$7.52$112.8KForm 4
Oct 24, 2023Leonard Thomas JCHIEF EXECUTIVE OFFICERSale27,558$5.41$149.1KForm 4
Oct 17, 2023Leonard Thomas JCHIEF EXECUTIVE OFFICERSale15,000$5.40$81.0KForm 4
Sep 20, 2023Leonard Thomas JCHIEF EXECUTIVE OFFICERSale27,558$7.12$196.2KForm 4
Sep 19, 2023Leonard Thomas JCHIEF EXECUTIVE OFFICERSale15,000$7.26$108.9KForm 4
Aug 16, 2023Leonard Thomas JCHIEF EXECUTIVE OFFICERSale27,558$10.53$290.2KForm 4
Aug 15, 2023Leonard Thomas JCHIEF EXECUTIVE OFFICERSale15,000$11.16$167.4KForm 4
Aug 4, 2023Pekarek James BEVP & CFOSale13,823$17.05$235.7KForm 4
Aug 2, 2023Pekarek James BEVP & CFOSale15,000$17.12$256.8KForm 4
Jul 20, 2023Pekarek James BEVP & CFOSale10,000$16.43$164.3KForm 4
Jul 13, 2023Leonard Thomas JCHIEF EXECUTIVE OFFICERSale27,558$16.09$443.4KForm 4
Jul 12, 2023Leonard Thomas JCHIEF EXECUTIVE OFFICERSale15,000$16.46$246.9KForm 4
Jul 7, 2023Pekarek James BEVP & CFOSale15,000$16.14$242.1KForm 4
Jun 15, 2023Leonard Thomas JCHIEF EXECUTIVE OFFICERSale27,558$17.28$476.2KForm 4

All 82 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

SEC filer profile

How AGILITI, INC. \DE is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARAGILITI, INC. \DE1
  • CIK0001749704
  • Filer statusAccelerated filer1
  • Incorporated inDelaware1
  • Fiscal year endsDecember 311
  • Industry code (SIC)7350 Services-Miscellaneous Equipment Rental & Leasing1
  • SEC reviewing officeOffice of Trade & Services, Division of Corporation Finance1
  • Business address11095 Viking Drive, Suite 300, Eden Prairie, MN 553441
  • Phone952-893-32001
  • Shares outstanding136,293,374 as of May 2, 202411
  • Public float$582.8M as of Jun 30, 202347
  • On EDGAR sinceAug 13, 20181
  • Filings365 in all: 4 (176), 144 (35), 8-K (32), 3 (20), 425 (16), 10-Q (10), UPLOAD (7), 4/A (6)1
    All 43 form types

    CORRESP (6), EFFECT (5), 10-K (4), DRS/A (4), DRSLTR (3), POS AM (3), S-4/A (3), SC 13E3/A (3), 144/A (2), 424B3 (2), DEF 14A (2), DEFA14A (2), S-1/A (2), 10-K/A (1), 15-12G (1), 15-15D (1), 25-NSE (1), 424B4 (1), 8-A12B (1), 8-K/A (1), ARS (1), CERT (1), DEFM14C (1), DRS (1), POSASR (1), PRE 14A (1), PREM14C (1), PRER14C (1), S-1 (1), S-3ASR (1), S-4 (1), S-8 (1), S-8 POS (1), SC 13E3 (1), SC 13G (1)

  • Latest filingsAnnual report (10-K) Mar 6, 2024
    Quarterly report (10-Q) May 7, 2024
    Proxy statement (DEF 14A) Mar 24, 2023
    Latest 8-K (8-K) May 7, 2024

Sources

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