1. Investment Snapshot
2. Thesis
3. Valuation & Price Target
4. Business & Product Moat
5. People & Governance
6. Market & Macro
7. Financial Quality
8. Risk Register
9. Prediction Market
10. 𝕏 Posts
Discussion
1. Investment Snapshot
2. Thesis
3. Valuation & Price Target
4. Business & Product Moat
5. People & Governance
6. Market & Macro
7. Financial Quality
8. Risk Register
9. Prediction Market
10. 𝕏 Posts
Discussion
1. Investment Snapshot
2. Metrics vs Peers
3. Price Chart
4. What does GMR Solutions Inc. do?
5. Valuation
6. Offer Terms
7. Financial Statements
Discussion
Research report, target price, DCF and forensic scores are for subscribers. View plans
Symbol
GMRS
Listed on
2026-05-13
Sector
Industrials
Subsector
Air Freight & Logistics
Offer Price
$15.00
first filed $22.00–$25.00Shares Offered
31.91M
$3.3B
Implied Upside vs Midpoint
Description
GMR Solutions Inc. (proposed ticker GMRS) is a U.S. emergency medical services (EMS) and out-of-hospital care provider operating in roughly 1,400 U.S. counties with ~34,000 employees (~24,000 clinicians). Revenue is primarily driven by emergent and non-emergent patient transports and long-term contract/preferred-provider arrangements with dispatchers, hospitals, and other requesting entities. FY2025 LTM revenue was $5.740B with operating income of $751.6M (13.1% operating margin) and net income of $206.2M; the company also reported a -3.96% revenue decline from 2024 to 2025 in its SEC Form S-1. **Valuation Verdict:** **Catalyst Timeline:** **Growth & Margin Trajectory:** **Governance & Operational Risk:** **Scenario Targets:**
▲ Cheaper than its peers on 2 of 2 valuation measures
| Metric | Value | Peer median | Among peers | Trend |
|---|---|---|---|---|
EV / revenue | 0.5x | 7.7x | ||
Price / earnings | 6.2x | >100x | ||
Revenue growth | -4.0% | 30.0% | ||
Operating margin | 13.1% | 5.1% | ||
Net margin | 3.6% | 0.5% | ||
Rule of 40 | 9.1% | 40.6% | ||
Net cash / market cap | -133% | 2.1% | ||
Debt / equity | 24.72 | 0.00 | ||
Current ratio | 2.00 | 1.55 | ||
9 premium metrics: DCF value / price, Growth the price needs: how common, Last 12 months vs full year and 6 more Unlock | ||||
GMR Solutions Inc. (proposed ticker GMRS) is a U.S. emergency medical services (EMS) and out-of-hospital care provider operating in roughly 1,400 U.S. counties with ~34,000 employees (~24,000 clinicians). Revenue is primarily driven by emergent and non-emergent patient transports and long-term contract/preferred-provider arrangements with dispatchers, hospitals, and other requesting entities. FY2025 LTM revenue was $5.740B with operating income of $751.6M (13.1% operating margin) and net income of $206.2M; the company also reported a -3.96% revenue decline from 2024 to 2025 in its SEC Form S-
▼ Priced at $15.00, 36% below the midpoint of the first filed range ($22.00–$25.00, 2026-05-04).
Each filing is plotted ahead of the first trading day on the price chart.
| Filed | Form | Price range | Price | Shares offered | Deal size |
|---|---|---|---|---|---|
| 2026-05-04 | S-1/A | $22.00–$25.00 | — | 31,914,893 | $750.0M |
| 2026-05-08 | S-1/A | $22.00–$25.00 | — | 31,914,893 | $750.0M |
| 2026-05-12 | S-1/A | — | $15.00 | 31,914,893 | $478.7M |
| 2026-05-14 | 424B4 | — | $15.00 | 31,914,893 | $478.7M |
GMR Solutions Inc. income statement and balance sheet, FY Dec 2025 to FY Dec 2025, as reported in SEC filings.
| Metric | FY Dec 2025 |
|---|---|
| Total assets | $7.5B |
| Total liabilities | $6.8B |
| Total equity | $204M |
| Cash & equivalents | $609M |