e.l.f. Beauty, Inc(NYSE:ELF) 
e.l.f. Beauty, Inc., through its subsidiaries, provides cosmetic and skin care products under the e.l.f. and W3LL PEOPLE brand names worldwide. The company offers eye, lip, face, and skin care products, as well as kits and tools. It sells its products through national and international retailers and...
Website: http://www.elfcosmetics.com
Founded: 2004
Full Time Employees: 209
Sector: Consumer Defensive
Industry: Household & Personal Products
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At a glance:
- Growth-Driven Beauty Brand With Value Positioning: e.l.f. Beauty is known for offering accessible, trend-forward cosmetics and skincare at value price points, supporting broad consumer appeal.
- Strong Digital and Social-Led Marketing Model: The company leverages influencer, social, and performance marketing to drive brand awareness and customer acquisition, often with efficient spend versus traditional beauty marketing.
- Category Expansion Beyond Core Cosmetics: e.l.f. continues to expand in skincare and adjacent categories, aiming to diversify revenue and increase repeat purchase behavior.
- Omnichannel Distribution With Retail Partnerships: Sales are supported by a mix of direct-to-consumer and major retail partners, helping scale reach while maintaining brand control through owned channels.
- Execution Focus: Innovation, Speed-to-Market, and Supply Chain: Competitive positioning relies on fast product innovation cycles and reliable sourcing/operations to keep up with trends and maintain in-stock levels.
Bull Thesis:
- Consistent Market Share Gains and User Growth: e.l.f. Beauty continues to significantly outpace the overall beauty market, consistently gaining market share across its brands (e.l.f. Cosmetics, Naturium, Keys Soulcare). This is driven by strong product innovation, affordable pricing, and effective marketing strategies that attract and retain a growing customer base, particularly among Gen Z and Millennials.
- Successful Diversification and Brand Expansion: The company has successfully expanded beyond its core e.l.f. Cosmetics brand with the strategic acquisition of Naturium (skincare) and the growth of Keys Soulcare. Naturium, in particular, has shown impressive growth, demonstrating ELF's ability to identify, acquire, and scale high-potential brands in adjacent beauty categories, reducing reliance on a single brand.
- Mastery of Digital Marketing and Social Media Engagement: e.l.f. Beauty excels in digital marketing, particularly on platforms like TikTok, where it consistently creates viral campaigns and engages directly with consumers. This agile and trend-responsive marketing approach drives brand awareness, product demand, and fosters a strong community, allowing the company to quickly capitalize on emerging beauty trends.
- Strong Financial Performance and Margin Expansion: The company has consistently delivered robust financial results, including double-digit revenue growth, expanding gross margins, and increasing profitability (Adjusted EBITDA). This indicates effective cost management, pricing power, and operational efficiency, suggesting a healthy underlying business model capable of sustained earnings growth.
Bear Thesis:
- Intense Competition and Pricing Pressure: The beauty industry is highly competitive, with numerous established players (L'Oréal, Estée Lauder) and a constant influx of new indie brands. While ELF's affordable pricing is a strength, it also makes them vulnerable to competitors who could replicate or undercut their pricing, potentially leading to margin compression or slowing growth.
- Reliance on Fickle Consumer Trends and Social Media Algorithms: While ELF's digital marketing prowess is a strength, it also creates a dependency on rapidly changing consumer trends and social media algorithms. A shift in platform popularity, a misstep in trend identification, or a decline in viral engagement could impact brand relevance and sales momentum, as consumer tastes in beauty can be highly transient.
- Premium Valuation Concerns: Given its impressive growth trajectory, ELF's stock often trades at a premium valuation (e.g., high P/E or EV/Sales multiples) compared to the broader market or some beauty peers. This elevated valuation could make the stock susceptible to significant pullbacks if growth rates decelerate even slightly or if the company misses analyst expectations.
- Supply Chain and Inflationary Headwinds: Like many consumer goods companies, e.l.f. Beauty is exposed to potential disruptions in its global supply chain, as well as rising costs for raw materials, manufacturing, and logistics due to inflation. These factors could put pressure on gross margins and profitability if the company is unable to fully offset them through pricing or efficiency gains.
Main Competitors:
- NYX Professional Makeup (Makeup, cosmetics), Owned by L'Oréal, NYX competes directly with e.l.f. in the affordable, professional-quality makeup segment. It targets a similar demographic with strong social media engagement, rapid trend adoption, and a wide range of cruelty-free products available in mass retailers.
- ColourPop (Makeup, skincare (Sol Body, Fourth Ray Beauty)), A privately held, online-first brand known for rapid product launches, collaborations, and highly affordable, trendy, cruelty-free makeup. ColourPop competes with e.l.f. through its agile innovation, strong social media and influencer marketing, and direct-to-consumer model.
- wet n wild (Makeup, cosmetics), Owned by Markwins Beauty Brands, wet n wild competes at the ultra-affordable end of the mass market. It offers a wide range of cruelty-free and vegan-friendly makeup, known for its accessible price point and broad distribution in drugstores and mass retailers, directly challenging e.l.f.'s value proposition.
- Maybelline New York (Makeup, cosmetics), As a long-standing mass-market beauty giant owned by L'Oréal, Maybelline competes with e.l.f. for drugstore shelf space and consumer attention. It offers a wide range of innovative and affordable makeup products, leveraging extensive marketing budgets and broad appeal to a diverse customer base.
Moat:
e.l.f. Beauty's competitive moat is primarily built on its strong brand identity centered around **affordability, clean beauty (cruelty-free, vegan), and rapid trend adoption**, which deeply resonates with Gen Z and millennial consumers. Its **agile product development, social media-first marketing, and strong community engagement** allow it to quickly capitalize on trends and maintain relevance. Competition is fierce, coming from other mass-market brands like NYX and Maybelline (both owned by L'Oréal) that offer similar price points and broad distribution, as well as nimble, online-native brands like ColourPop that excel in rapid innovation and influencer marketing. e.l.f. differentiates itself through its consistent value proposition, commitment to clean ingredients, and ability to scale while staying true to its core brand values.
Income Statements:
Quarterly
Annual
| Unit: USD | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-01-01 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
net sales | 489,505,000 | 343,936,000 | 353,739,000 | 332,645,000 | 355,320,000 | 301,075,000 | 324,477,000 | 321,143,000 | 270,943,000 | 215,507,000 | 216,339,000 | 187,357,000 | 146,537,000 | 122,349,000 | 122,601,000 | 105,135,000 | 98,118,000 | 91,855,000 | 97,047,000 | 92,671,000 | 88,562,000 | 72,350,000 | 64,527,000 | 74,712,000 | 80,760,000 | 67,615,000 | 59,764,000 | 78,571,000 | 63,889,000 | 59,055,000 | 65,920,000 | 81,593,000 | 71,865,000 | 55,856,000 | 60,574,000 | 76,435,000 | 56,312,000 | ||
yoy | 37.76% | 14.24% | 9.02% | 3.58% | 31.14% | 39.71% | 49.99% | 71.41% | 84.90% | 76.14% | 76.46% | 78.21% | 49.35% | 33.20% | 26.33% | 13.45% | 10.79% | 26.96% | 50.40% | 24.04% | 9.66% | 7.00% | 7.97% | 2.79% | 5.83% | 1.20% | -3.70% | -11.10% | 5.73% | 8.83% | 6.75% | 27.62% | |||||||
qoq | 42.32% | -2.77% | 6.34% | -6.38% | 18.02% | -7.21% | 1.04% | 18.53% | 25.72% | -0.38% | 15.47% | 27.86% | 19.77% | -0.21% | 16.61% | 7.15% | 6.82% | -5.35% | 4.72% | 4.64% | 22.41% | 12.12% | -13.63% | -7.49% | 19.44% | 13.14% | 22.98% | 8.19% | -10.41% | -19.21% | 13.54% | 28.66% | -7.79% | -20.75% | 35.73% | ||||
cost of sales | 142,010,000 | 105,078,000 | 109,198,000 | 95,606,000 | 102,015,000 | 87,016,000 | 93,194,000 | 93,941,000 | 78,986,000 | 63,142,000 | 63,767,000 | 58,231,000 | 47,812,000 | 42,789,000 | 39,616,000 | 37,635,000 | 33,777,000 | 33,870,000 | 35,141,000 | 34,071,000 | 31,443,000 | 25,212,000 | 21,186,000 | 26,648,000 | 28,240,000 | 24,267,000 | 22,573,000 | 31,652,000 | 24,920,000 | 22,410,000 | 25,712,000 | 33,899,000 | 28,952,000 | 19,966,000 | 22,346,000 | 16,554,250 | 23,834,000 | ||
gross profit | 347,495,000 | 238,858,000 | 244,541,000 | 237,039,000 | 253,305,000 | 214,059,000 | 231,283,000 | 227,202,000 | 191,957,000 | 152,365,000 | 152,572,000 | 129,126,000 | 98,725,000 | 79,560,000 | 82,985,000 | 67,500,000 | 64,341,000 | 57,985,000 | 61,906,000 | 58,600,000 | 57,119,000 | 47,138,000 | 43,341,000 | 48,064,000 | 52,520,000 | 43,348,000 | 37,191,000 | 46,919,000 | 38,969,000 | 36,645,000 | 40,208,000 | 47,694,000 | 42,913,000 | 35,890,000 | 38,228,000 | 45,320,000 | 32,478,000 | ||
yoy | 37.18% | 11.59% | 5.73% | 4.33% | 31.96% | 40.49% | 51.59% | 75.95% | 94.44% | 91.51% | 83.85% | 91.30% | 53.44% | 37.21% | 34.05% | 15.19% | 12.64% | 23.01% | 42.83% | 21.92% | 8.76% | 8.74% | 16.54% | 11.94% | 11.24% | 1.49% | -1.62% | -9.19% | 2.10% | 5.18% | 5.24% | 32.13% | |||||||
qoq | 45.48% | -2.32% | 3.16% | -6.42% | 18.33% | -7.45% | 1.80% | 18.36% | 25.98% | -0.14% | 18.16% | 30.79% | 24.09% | -4.13% | 22.94% | 4.91% | 10.96% | -6.33% | 5.64% | 2.59% | 21.17% | 8.76% | -9.83% | -8.48% | 21.16% | 16.56% | 20.40% | 6.34% | -8.86% | -15.70% | 11.14% | 19.57% | -6.12% | -15.65% | 39.54% | ||||
gross margin % | 70.99% | 69.45% | 69.13% | 71.26% | 71.29% | 71.10% | 71.28% | 70.75% | 70.85% | 70.70% | 70.52% | 68.92% | 67.37% | 65.03% | 67.69% | 64.20% | 65.58% | 63.13% | 63.79% | 63.23% | 64.50% | 65.15% | 67.17% | 64.33% | 65.03% | 64.11% | 62.23% | 59.72% | 60.99% | 62.05% | 61.00% | 58.45% | 59.71% | 64.25% | 63.11% | 59.29% | 57.68% | ||
selling, general and administrative expenses | 279,955,000 | 231,142,000 | 195,832,000 | 192,723,000 | 218,220,000 | 186,141,000 | 180,575,000 | 210,172,000 | 160,121,000 | 112,186,000 | 91,939,000 | 121,081,000 | 75,434,000 | 64,183,000 | 61,555,000 | 65,332,000 | 55,384,000 | 50,447,000 | 50,749,000 | 34,082,500 | 50,828,000 | 45,170,000 | 40,332,000 | 27,532,750 | 39,632,000 | 38,444,000 | 32,055,000 | 25,670,250 | 32,656,000 | 33,791,000 | 36,234,000 | 24,710,750 | 33,133,000 | 32,705,000 | |||||
operating income | 67,540,000 | 7,716,000 | 48,709,000 | 44,316,000 | 35,085,000 | 27,918,000 | 50,708,000 | 17,030,000 | 31,836,000 | 40,179,000 | 60,633,000 | 8,045,000 | 23,291,000 | 15,377,000 | 21,430,000 | 2,186,000 | 8,971,000 | 7,442,000 | 11,171,000 | -1,868,000 | 6,291,000 | 1,968,000 | 3,009,000 | 1,040,000 | 12,880,000 | 9,102,000 | 6,928,000 | 13,021,000 | 6,313,000 | 2,854,000 | 3,974,000 | 15,091,000 | 9,780,000 | 3,185,000 | 5,223,000 | 14,971,000 | 1,476,000 | ||
yoy | 92.50% | -72.36% | -3.94% | 160.22% | 10.21% | -30.52% | -16.37% | 111.68% | 36.69% | 161.29% | 182.94% | 268.02% | 159.63% | 106.62% | 91.84% | -217.02% | 42.60% | 278.15% | 271.25% | -279.62% | -51.16% | -78.38% | -56.57% | -1.08% | 44.18% | 142.75% | -13.72% | -35.45% | -10.39% | -23.91% | 0.80% | 562.60% | |||||||
qoq | 775.32% | -84.16% | 9.91% | 26.31% | 25.67% | -44.94% | 197.76% | -46.51% | -20.76% | -33.73% | 653.67% | -65.46% | 51.47% | -28.25% | 880.33% | -75.63% | 20.55% | -33.38% | -698.02% | -129.69% | 219.66% | -34.60% | 189.33% | -91.93% | 41.51% | 31.38% | 106.26% | 121.20% | -28.18% | -73.67% | 54.30% | 207.06% | -39.02% | -65.11% | 914.30% | ||||
operating margin % | 13.80% | 2.24% | 13.77% | 13.32% | 9.87% | 9.27% | 15.63% | 5.30% | 11.75% | 18.64% | 28.03% | 4.29% | 15.89% | 12.57% | 17.48% | 2.08% | 9.14% | 8.10% | 11.51% | -2.02% | 7.10% | 2.72% | 4.66% | 1.39% | 15.95% | 13.46% | 11.59% | 16.57% | 9.88% | 4.83% | 6.03% | 18.50% | 13.61% | 5.70% | 8.62% | 19.59% | 2.62% | ||
other income | -1,325,000 | -1,878,000 | 5,037,000 | 2,594,000 | -5,278,000 | 3,791,000 | 187,000 | -692,000 | 2,565,000 | 399,000 | -548,750 | 730,000 | -54,000 | -677,000 | -859,000 | -30,000 | -176,000 | -335,000 | 586,000 | 351,000 | -371,000 | 360,000 | 509,000 | -613,000 | -379,000 | -244,000 | -799,000 | 763,000 | 288,000 | ||||||||||
interest expense | -12,351,000 | -9,153,000 | -2,632,000 | -2,860,000 | -3,527,000 | -4,002,000 | -3,985,000 | -106,000 | -463,000 | -786,000 | -663,000 | -529,000 | -570,000 | -597,000 | -745,000 | -862,000 | -855,000 | -905,000 | -1,468,000 | -1,387,000 | -1,560,000 | -1,643,000 | -1,717,000 | -1,963,000 | -1,901,000 | -1,989,000 | -1,963,000 | -1,970,000 | -2,262,000 | -2,387,000 | -2,156,000 | -4,695,000 | -5,192,000 | ||||||
loss on extinguishment of debt | -674,000 | -176,000 | -460,000 | ||||||||||||||||||||||||||||||||||||
income before provision for income taxes | 53,864,000 | -3,989,000 | 51,114,000 | 44,037,000 | 26,280,000 | 27,948,000 | 47,230,000 | 11,181,000 | 30,416,000 | 39,740,000 | 59,653,000 | 8,259,000 | 23,382,000 | 13,329,000 | 19,104,000 | 1,173,000 | 8,255,000 | 6,199,000 | 9,804,000 | -2,784,000 | 4,759,000 | 204,000 | 1,511,000 | -523,000 | 10,985,000 | 8,045,000 | 5,562,000 | 10,687,000 | 4,772,000 | 1,374,000 | 1,123,000 | 12,508,000 | 7,139,000 | 554,000 | 2,268,000 | 11,039,000 | -3,428,000 | ||
income tax provision | -14,488,000 | -15,784,000 | -9,019,000 | -8,928,000 | 3,346,000 | -3,528,000 | -6,469,000 | -6,676,000 | -2,632,750 | -4,277,000 | -1,619,000 | -4,635,000 | -1,011,000 | -2,041,000 | -54,500 | -462,000 | -1,591,750 | -2,983,000 | -1,528,000 | -1,856,000 | -433,000 | ||||||||||||||||||
net income | 39,376,000 | 2,996,000 | 33,311,000 | 28,253,000 | 17,261,000 | 19,020,000 | 47,555,000 | 14,527,000 | 26,888,000 | 33,271,000 | 52,977,000 | 16,246,000 | 19,105,000 | 11,710,000 | 14,469,000 | 1,556,000 | 6,214,000 | 5,724,000 | 8,276,000 | -24,000 | 4,297,000 | 447,000 | 1,512,000 | -341,000 | 8,002,000 | 6,517,000 | 3,706,000 | 9,672,000 | 3,915,000 | 1,248,000 | 690,000 | 21,480,000 | 5,865,000 | 3,970,000 | 2,160,000 | 6,601,000 | -2,377,000 | ||
yoy | 128.12% | -84.25% | -29.95% | 94.49% | -35.80% | -42.83% | -10.23% | -10.58% | 40.74% | 184.12% | 266.14% | 944.09% | 207.45% | 104.58% | 74.83% | -6583.33% | 44.61% | 1180.54% | 447.35% | -92.96% | -46.30% | -93.14% | -59.20% | -17.27% | 66.46% | 196.96% | -54.97% | -33.25% | -68.56% | -68.06% | 225.41% | -346.74% | |||||||
qoq | 1214.29% | -91.01% | 17.90% | 63.68% | -9.25% | -60.00% | 227.36% | -45.97% | -19.18% | -37.20% | 226.09% | -14.96% | 63.15% | -19.07% | 829.88% | -74.96% | 8.56% | -30.84% | -34583.33% | -100.56% | 861.30% | -70.44% | -543.40% | -104.26% | 22.79% | 75.85% | 147.05% | 213.70% | 80.87% | -96.79% | 266.24% | 47.73% | 83.80% | -67.28% | -377.70% | ||||
net income margin % | 8.04% | 0.87% | 9.42% | 8.49% | 4.86% | 6.32% | 14.66% | 4.52% | 9.92% | 15.44% | 24.49% | 8.67% | 13.04% | 9.57% | 11.80% | 1.48% | 6.33% | 6.23% | 8.53% | -0.03% | 4.85% | 0.62% | 2.34% | -0.46% | 9.91% | 9.64% | 6.20% | 12.31% | 6.13% | 2.11% | 1.05% | 26.33% | 8.16% | 7.11% | 3.57% | 8.64% | -4.22% | ||
net income per share | 194.87 | -73.13 | |||||||||||||||||||||||||||||||||||||
basic | 0.66 | 0.05 | 0.59 | 0.5 | 0.31 | 0.34 | 0.85 | 0.25 | 0.49 | 0.61 | 0.98 | 0.3 | 0.36 | 0.22 | 0.28 | 0.03 | 0.12 | 0.11 | 0.16 | 0.09 | 0.01 | 0.03 | -0.01 | 0.16 | 0.13 | 0.08 | 0.2 | 0.08 | 0.03 | 0.01 | 0.47 | 0.13 | 0.09 | 0.05 | |||||
diluted | 0.65 | 0.05 | 0.58 | 0.49 | 0.3 | 0.33 | 0.81 | 0.24 | 0.46 | 0.58 | 0.93 | 0.29 | 0.34 | 0.21 | 0.27 | 0.03 | 0.12 | 0.11 | 0.15 | 0.08 | 0.01 | 0.03 | -0.01 | 0.16 | 0.13 | 0.07 | 0.2 | 0.08 | 0.03 | 0.01 | 0.44 | 0.12 | 0.08 | 0.04 | |||||
weighted-average shares outstanding: | |||||||||||||||||||||||||||||||||||||||
basic | 59,294,883 | 58,361,701 | 56,328,483 | 56,210,459 | 56,358,694 | 56,345,648 | 55,973,914 | 54,747,930 | 55,140,887 | 54,425,384 | 53,938,136 | 52,474,811 | 52,707,406 | 52,298,905 | 51,707,160 | 50,940,808 | 51,072,639 | 50,875,618 | 50,544,573 | 49,377,410 | 49,459,837 | 49,147,366 | 48,924,454 | 48,498,813 | 48,525,904 | 48,419,845 | 48,345,942 | 46,828,798 | 46,765,366 | 46,625,915 | 46,435,560 | 45,358,452 | 45,813,801 | 45,465,723 | 44,099,338 | ||||
diluted | 60,190,799 | 59,593,910 | 57,675,035 | 58,345,174 | 58,353,219 | 58,482,530 | 58,551,423 | 57,788,454 | 58,030,115 | 57,438,152 | 57,175,870 | 55,337,554 | 55,840,137 | 55,037,514 | 53,834,732 | 53,654,303 | 53,891,438 | 53,541,724 | 53,408,443 | 51,994,145 | 52,335,821 | 51,748,437 | 50,939,938 | 50,817,143 | 50,966,550 | 50,939,915 | 50,317,088 | 49,268,616 | 49,123,703 | 49,425,927 | 49,302,771 | 49,374,758 | 49,283,247 | 49,509,940 | 49,477,874 | ||||
income tax benefit | 6,985,000 | -17,803,000 | 325,000 | -475,000 | -1,528,000 | 243,000 | 1,000 | -1,015,000 | -857,000 | -126,000 | 8,972,000 | -1,274,000 | 3,416,000 | -4,438,000 | 1,051,000 | ||||||||||||||||||||||||
impairment of equity investment | -1,155,000 | -1,720,000 | |||||||||||||||||||||||||||||||||||||
interest income | -3,761,000 | -3,665,000 | 623,000 | 341,000 | |||||||||||||||||||||||||||||||||||
other expense | -1,062,000 | -1,262,000 | -1,663,000 | -238,500 | -146,000 | -646,000 | -162,000 | -888,000 | |||||||||||||||||||||||||||||||
comprehensive income | 33,271,000 | 52,977,000 | 16,246,000 | 19,105,000 | 11,710,000 | 14,469,000 | 1,556,000 | 6,214,000 | 5,724,000 | 8,276,000 | -24,000 | 4,297,000 | 447,000 | 1,512,000 | -341,000 | 8,002,000 | 6,517,000 | 3,706,000 | 9,672,000 | 3,915,000 | 1,248,000 | 690,000 | 21,480,000 | 5,865,000 | 3,970,000 | 2,160,000 | -322,000 | -2,377,000 | |||||||||||
restructuring expense | -18,000 | -14,000 | 96,000 | 8,000 | |||||||||||||||||||||||||||||||||||
restructuring income | -14,000 | -4,198,000 | |||||||||||||||||||||||||||||||||||||
restructuring expenses | -1,792,000 | ||||||||||||||||||||||||||||||||||||||
weighted-average shares outstanding | |||||||||||||||||||||||||||||||||||||||
basic | 59,294,883 | 58,361,701 | 56,328,483 | 56,210,459 | 56,358,694 | 56,345,648 | 55,973,914 | 54,747,930 | 55,140,887 | 54,425,384 | 53,938,136 | 52,474,811 | 52,707,406 | 52,298,905 | 51,707,160 | 50,940,808 | 51,072,639 | 50,875,618 | 50,544,573 | 49,377,410 | 49,459,837 | 49,147,366 | 48,924,454 | 48,498,813 | 48,525,904 | 48,419,845 | 48,345,942 | 46,828,798 | 46,765,366 | 46,625,915 | 46,435,560 | 45,358,452 | 45,813,801 | 45,465,723 | 44,099,338 | ||||
diluted | 60,190,799 | 59,593,910 | 57,675,035 | 58,345,174 | 58,353,219 | 58,482,530 | 58,551,423 | 57,788,454 | 58,030,115 | 57,438,152 | 57,175,870 | 55,337,554 | 55,840,137 | 55,037,514 | 53,834,732 | 53,654,303 | 53,891,438 | 53,541,724 | 53,408,443 | 51,994,145 | 52,335,821 | 51,748,437 | 50,939,938 | 50,817,143 | 50,966,550 | 50,939,915 | 50,317,088 | 49,268,616 | 49,123,703 | 49,425,927 | 49,302,771 | 49,374,758 | 49,283,247 | 49,509,940 | 49,477,874 | ||||
selling, general, and administrative expenses | 33,005,000 | 19,701,750 | 31,002,000 | ||||||||||||||||||||||||||||||||||||
provision for income taxes | -108,000 | ||||||||||||||||||||||||||||||||||||||
net income per share | 194.87 | -73.13 | |||||||||||||||||||||||||||||||||||||
weighted-average number of shares outstanding - basic | 5,109,016 | ||||||||||||||||||||||||||||||||||||||
weighted-average number of shares outstanding - diluted | 5,109,016 |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
assets | ||||||||||||||||||||||||||||||||||||||
current assets: | ||||||||||||||||||||||||||||||||||||||
cash and cash equivalents | 196,821,000 | 194,403,000 | 170,029,000 | 148,692,000 | 73,845,000 | 96,768,000 | 109,034,000 | 108,183,000 | 72,705,000 | 167,763,000 | 142,549,000 | 120,778,000 | 87,021,000 | 85,317,000 | 72,248,000 | 43,353,000 | 32,889,000 | 41,694,000 | 63,402,000 | 57,768,000 | 35,439,000 | 41,041,000 | 54,224,000 | 46,167,000 | 74,740,000 | 58,747,000 | 60,746,000 | 53,874,000 | 51,205,000 | |||||||||
accounts receivable | 190,304,000 | 154,688,000 | 173,352,000 | 126,010,000 | 187,744,000 | 146,559,000 | 155,701,000 | 123,797,000 | 121,061,000 | 86,683,000 | 90,531,000 | 67,928,000 | 66,237,000 | 53,912,000 | 52,281,000 | 45,567,000 | 47,180,000 | 44,374,000 | 43,127,000 | 40,185,000 | 44,555,000 | 33,844,000 | 29,825,000 | 29,721,000 | 35,082,000 | 27,715,000 | 22,623,000 | 32,275,000 | 36,724,000 | 31,762,000 | 27,639,000 | 31,779,000 | 44,634,000 | 35,627,000 | 26,143,000 | 29,135,000 | 37,825,000 | 33,931,000 |
inventory | 220,622,000 | 247,390,000 | 170,379,000 | 187,170,000 | 214,786,000 | 238,798,000 | 199,563,000 | 191,489,000 | 204,504,000 | 147,228,000 | 98,053,000 | 81,323,000 | 81,250,000 | 81,288,000 | 70,339,000 | 84,498,000 | 85,248,000 | 76,816,000 | 54,528,000 | 56,810,000 | 68,567,000 | 64,486,000 | 52,752,000 | 46,209,000 | 48,382,000 | 50,850,000 | 51,020,000 | 43,779,000 | 46,341,000 | 53,365,000 | 59,861,000 | 61,728,000 | 62,679,000 | |||||
prepaid expenses and other current assets | 93,842,000 | 110,756,000 | 88,766,000 | 78,688,000 | 82,702,000 | 71,914,000 | 66,162,000 | 53,608,000 | 56,630,000 | 33,772,000 | 39,276,000 | 33,296,000 | 28,382,000 | 26,881,000 | 21,772,000 | 19,611,000 | 19,808,000 | 18,420,000 | 21,674,000 | 15,381,000 | 11,728,000 | 12,389,000 | 8,714,000 | 10,263,000 | 8,054,000 | 7,813,000 | 6,795,000 | 7,340,000 | 7,473,000 | 6,756,000 | 10,385,000 | 6,639,000 | 6,272,000 | 8,302,000 | 5,724,000 | 4,084,000 | 2,387,000 | 10,065,000 |
total current assets | 701,589,000 | 707,237,000 | 602,526,000 | 540,560,000 | 559,077,000 | 554,039,000 | 530,460,000 | 477,077,000 | 454,900,000 | 435,446,000 | 370,409,000 | 303,325,000 | 262,890,000 | 247,398,000 | 216,640,000 | 193,029,000 | 185,125,000 | 181,304,000 | 182,731,000 | 170,144,000 | 160,289,000 | 151,760,000 | 145,515,000 | 132,360,000 | 166,258,000 | 145,125,000 | 141,184,000 | 137,268,000 | 141,743,000 | 125,531,000 | 115,330,000 | 110,620,000 | 123,644,000 | 113,177,000 | 107,495,000 | 115,499,000 | 124,904,000 | 106,388,000 |
property and equipment | 44,836,000 | 44,419,000 | 39,182,000 | 28,787,000 | 19,878,000 | 15,563,000 | 14,040,000 | 13,974,000 | 12,805,000 | 7,624,000 | 7,581,000 | 7,874,000 | 8,726,000 | 8,934,000 | 9,339,000 | 10,577,000 | 12,231,000 | 13,945,000 | 15,561,000 | 13,770,000 | 16,790,000 | 16,270,000 | 16,146,000 | 17,171,000 | 16,487,000 | 16,059,000 | 16,493,000 | 16,006,000 | 21,804,000 | 18,184,000 | 18,813,000 | 18,694,000 | 18,037,000 | 16,635,000 | 16,080,000 | 16,277,000 | 17,151,000 | 15,019,000 |
intangible assets | 564,243,000 | 575,376,000 | 203,348,000 | 207,698,000 | 212,047,000 | 216,396,000 | 220,745,000 | 225,094,000 | 230,658,000 | 73,986,000 | 76,013,000 | 78,041,000 | 80,071,000 | 82,101,000 | 84,132,000 | 86,163,000 | 88,194,000 | 90,225,000 | 92,256,000 | 94,286,000 | 96,317,000 | 98,348,000 | 100,379,000 | 102,410,000 | 91,893,000 | 93,613,000 | 95,333,000 | 97,053,000 | 98,773,000 | 100,621,000 | 102,375,000 | 104,129,000 | 105,882,000 | 107,636,000 | 109,390,000 | 111,144,000 | 113,003,000 | 115,074,000 |
goodwill | 852,768,000 | 851,830,000 | 340,582,000 | 340,582,000 | 340,582,000 | 340,582,000 | 340,600,000 | 340,600,000 | 340,165,000 | 171,620,000 | 171,620,000 | 171,620,000 | 171,620,000 | 171,620,000 | 171,620,000 | 171,620,000 | 171,620,000 | 171,620,000 | 171,620,000 | 171,620,000 | 171,620,000 | 171,620,000 | 171,321,000 | 171,321,000 | 157,264,000 | 157,264,000 | 157,264,000 | 157,264,000 | 157,264,000 | 157,264,000 | 157,264,000 | 157,264,000 | 157,264,000 | 157,264,000 | 157,264,000 | 157,264,000 | 157,264,000 | 157,264,000 |
other assets | 160,284,000 | 139,920,000 | 129,258,000 | 130,548,000 | 133,250,000 | 110,435,000 | 98,987,000 | 72,502,000 | 68,601,000 | 57,105,000 | 31,103,000 | 31,866,000 | 29,743,000 | 29,213,000 | 29,251,000 | 30,368,000 | 30,905,000 | 33,043,000 | 33,349,000 | 34,698,000 | 33,014,000 | 32,551,000 | 25,832,000 | 26,967,000 | 21,474,000 | 22,091,000 | 22,832,000 | 21,222,000 | 13,397,000 | 9,856,000 | 9,655,000 | 10,109,000 | 9,542,000 | 9,433,000 | 2,720,000 | 1,187,000 | 2,407,000 | 1,699,000 |
total assets | 2,323,720,000 | 2,318,782,000 | 1,314,896,000 | 1,248,175,000 | 1,264,834,000 | 1,237,015,000 | 1,204,832,000 | 1,129,247,000 | 1,108,284,000 | 746,936,000 | 657,881,000 | 595,601,000 | 555,925,000 | 542,141,000 | 513,857,000 | 494,632,000 | 490,950,000 | 493,012,000 | 498,392,000 | 487,393,000 | 480,905,000 | 473,424,000 | 462,068,000 | 453,104,000 | 456,251,000 | 437,027,000 | 435,981,000 | 431,688,000 | 435,856,000 | 414,331,000 | 406,312,000 | 403,691,000 | 417,244,000 | 407,020,000 | 395,824,000 | 401,371,000 | 414,729,000 | 395,458,000 |
liabilities and stockholders' equity | ||||||||||||||||||||||||||||||||||||||
current liabilities: | ||||||||||||||||||||||||||||||||||||||
current portion of long-term debt | 30,000,000 | 22,500,000 | 100,250,000 | 100,250,000 | ||||||||||||||||||||||||||||||||||
accounts payable | 73,980,000 | 109,296,000 | 74,603,000 | 72,180,000 | 65,293,000 | 93,617,000 | 79,989,000 | 81,075,000 | 72,917,000 | 63,736,000 | 53,237,000 | 31,427,000 | 32,049,000 | 19,279,000 | 16,023,000 | 19,227,000 | 22,756,000 | 19,299,000 | 17,113,000 | 15,699,000 | 20,108,000 | 20,544,000 | 21,484,000 | 12,390,000 | 19,589,000 | 14,807,000 | 16,982,000 | 16,280,000 | 20,483,000 | 16,072,000 | 13,760,000 | 17,054,000 | 26,776,000 | 21,007,000 | 15,653,000 | 19,861,000 | 37,944,000 | 21,493,000 |
accrued expenses and other current liabilities | 150,317,000 | 130,074,000 | 110,136,000 | 104,876,000 | 128,364,000 | 117,030,000 | 116,878,000 | 117,733,000 | 129,628,000 | 83,407,000 | 51,037,000 | 70,974,000 | 49,798,000 | 46,868,000 | 39,916,000 | 40,004,000 | 33,977,000 | 32,665,000 | 33,617,000 | 41,351,000 | 31,322,000 | 26,264,000 | 22,560,000 | 26,165,000 | 29,767,000 | 20,424,000 | 18,313,000 | 18,590,000 | 12,671,000 | 10,803,000 | 9,815,000 | 8,888,000 | 15,939,000 | 12,937,000 | 12,053,000 | 16,423,000 | 33,676,000 | 32,822,000 |
total current liabilities | 254,297,000 | 261,870,000 | 184,739,000 | 177,056,000 | 293,907,000 | 310,897,000 | 299,805,000 | 299,115,000 | 302,939,000 | 152,371,000 | 109,705,000 | 107,976,000 | 87,537,000 | 71,948,000 | 61,732,000 | 65,017,000 | 62,513,000 | 71,218,000 | 82,977,000 | 73,331,000 | 66,680,000 | 61,027,000 | 57,231,000 | 51,123,000 | 61,295,000 | 46,541,000 | 45,976,000 | 45,129,000 | 43,015,000 | 35,942,000 | 32,235,000 | 34,594,000 | 51,361,000 | 52,084,000 | 50,471,000 | 59,940,000 | 80,270,000 | 61,303,000 |
long-term debt | 816,701,000 | 831,551,000 | 256,676,000 | 256,676,000 | 154,061,000 | 156,648,000 | ||||||||||||||||||||||||||||||||
deferred tax liabilities | 16,737,000 | 20,897,000 | 17,009,000 | 3,812,000 | 493,000 | 4,833,000 | 7,910,000 | 3,666,000 | 4,281,000 | 4,901,000 | 5,855,000 | 3,742,000 | 7,783,000 | 10,635,000 | 13,538,000 | 9,593,000 | 13,078,000 | 15,114,000 | 17,750,000 | 13,479,000 | 16,247,000 | 19,466,000 | 21,478,000 | 21,892,000 | 17,633,000 | 20,096,000 | 17,839,000 | 16,753,000 | 20,217,000 | 20,409,000 | 22,732,000 | 22,058,000 | 21,341,000 | 34,408,000 | 31,740,000 | 34,384,000 | 34,212,000 | 42,072,000 |
long-term operating lease obligations | 67,477,000 | 55,629,000 | 50,351,000 | 48,721,000 | 48,116,000 | 36,176,000 | 33,637,000 | 21,459,000 | 21,720,000 | 14,559,000 | 10,137,000 | 11,201,000 | 12,329,000 | 13,440,000 | 14,637,000 | 15,744,000 | 16,659,000 | 17,919,000 | 19,053,000 | 20,084,000 | 18,370,000 | 19,185,000 | 11,400,000 | 11,239,000 | 5,084,000 | 5,846,000 | 13,945,000 | 15,898,000 | ||||||||||
other long-term liabilities | 6,662,000 | 9,826,000 | 1,269,000 | 1,055,000 | 870,000 | 766,000 | 656,000 | 616,000 | 717,000 | 942,000 | 870,000 | 784,000 | 795,000 | 874,000 | 817,000 | 769,000 | 758,000 | 803,000 | 736,000 | 598,000 | 585,000 | 516,000 | 550,000 | 591,000 | 556,000 | 479,000 | 702,000 | 668,000 | 2,770,000 | 3,050,000 | 3,123,000 | 2,981,000 | 2,977,000 | 2,878,000 | 3,259,000 | 3,213,000 | 3,208,000 | 2,498,000 |
total liabilities | 1,161,874,000 | 1,179,773,000 | 510,044,000 | 487,320,000 | 497,447,000 | 509,320,000 | 501,242,000 | 486,675,000 | 494,060,000 | 230,508,000 | 186,179,000 | 184,584,000 | 170,621,000 | 185,181,000 | 180,408,000 | 182,203,000 | 185,482,000 | 198,919,000 | 215,770,000 | 217,747,000 | 216,303,000 | 218,771,000 | 213,360,000 | 210,933,000 | 213,804,000 | 205,339,000 | 213,973,000 | 216,473,000 | 206,525,000 | 200,710,000 | 201,798,000 | 205,341,000 | 223,381,000 | 239,060,000 | 237,671,000 | 251,723,000 | 273,867,000 | 262,704,000 |
commitments and contingencies | ||||||||||||||||||||||||||||||||||||||
stockholders' equity: | ||||||||||||||||||||||||||||||||||||||
common stock | 589,000 | 593,000 | 566,000 | 556,000 | 563,000 | 562,000 | 563,000 | 555,000 | 553,000 | 545,000 | 543,000 | 535,000 | 528,000 | 525,000 | 517,000 | 515,000 | 512,000 | 511,000 | 508,000 | 504,000 | 497,000 | 494,000 | 491,000 | 489,000 | 486,000 | 485,000 | 484,000 | 483,000 | 478,000 | 471,000 | 467,000 | 465,000 | 463,000 | 459,000 | 458,000 | 454,000 | 438,000 | 437,000 |
additional paid-in capital | 1,266,793,000 | 1,283,385,000 | 952,015,000 | 942,025,000 | 977,141,000 | 954,455,000 | 949,817,000 | 936,403,000 | 922,592,000 | 851,634,000 | 840,181,000 | 832,481,000 | 823,021,000 | 813,785,000 | 801,992,000 | 795,443,000 | 790,041,000 | 784,881,000 | 779,137,000 | 774,441,000 | 769,380,000 | 763,731,000 | 758,236,000 | 753,213,000 | 753,151,000 | 750,395,000 | 747,233,000 | 744,147,000 | 740,354,000 | 734,323,000 | 729,135,000 | 724,221,000 | 720,372,000 | 715,953,000 | 712,012,000 | 707,480,000 | 700,871,000 | 699,364,000 |
accumulated other comprehensive income | 1,028,000 | 971,000 | 1,207,000 | 521,000 | 183,000 | 439,000 | ||||||||||||||||||||||||||||||||
accumulated deficit | -106,564,000 | -145,940,000 | -148,936,000 | -182,247,000 | -210,500,000 | -227,761,000 | -246,781,000 | -294,336,000 | -308,863,000 | -335,751,000 | -369,022,000 | -421,999,000 | -438,245,000 | -457,350,000 | -469,060,000 | -483,529,000 | -485,085,000 | -491,299,000 | -497,023,000 | -505,299,000 | -505,275,000 | -509,572,000 | -510,019,000 | -511,531,000 | -511,190,000 | -519,192,000 | -525,709,000 | -529,415,000 | -511,501,000 | -521,173,000 | -525,088,000 | -526,336,000 | -526,972,000 | -548,452,000 | -554,317,000 | -558,286,000 | -560,447,000 | -567,047,000 |
total stockholders' equity | 1,161,846,000 | 1,139,009,000 | 804,852,000 | 767,387,000 | 727,695,000 | 703,590,000 | 614,224,000 | 516,428,000 | 471,702,000 | 411,017,000 | 385,304,000 | 356,960,000 | 333,449,000 | 312,429,000 | 305,468,000 | 294,093,000 | 282,622,000 | 269,646,000 | 264,602,000 | 254,653,000 | 248,708,000 | 242,171,000 | 242,447,000 | 231,688,000 | 222,008,000 | 215,215,000 | 229,331,000 | 213,621,000 | 204,514,000 | 198,350,000 | 193,863,000 | 167,960,000 | 158,153,000 | 149,648,000 | 140,862,000 | 132,754,000 | ||
total liabilities and stockholders' equity | 2,323,720,000 | 2,318,782,000 | 1,314,896,000 | 1,264,834,000 | 1,237,015,000 | 1,204,832,000 | 1,108,284,000 | 746,936,000 | 657,881,000 | 595,601,000 | 555,925,000 | 542,141,000 | 513,857,000 | 494,632,000 | 490,950,000 | 493,012,000 | 498,392,000 | 487,393,000 | 480,905,000 | 473,424,000 | 462,068,000 | 453,104,000 | 456,251,000 | 437,027,000 | 435,981,000 | 431,688,000 | 435,856,000 | 414,331,000 | 406,312,000 | 403,691,000 | 417,244,000 | 407,020,000 | 395,824,000 | |||||
liabilities and stockholders’ equity | ||||||||||||||||||||||||||||||||||||||
stockholders’ equity: | ||||||||||||||||||||||||||||||||||||||
total stockholders’ equity | 760,855,000 | 642,572,000 | ||||||||||||||||||||||||||||||||||||
total liabilities and stockholders’ equity | 1,248,175,000 | 1,129,247,000 | ||||||||||||||||||||||||||||||||||||
current portion of long-term debt and finance lease obligations | 102,938,000 | 100,307,000 | 100,394,000 | 5,228,000 | 5,431,000 | 5,575,000 | 5,690,000 | 5,801,000 | 5,793,000 | 5,786,000 | 5,780,000 | 19,254,000 | 32,247,000 | 16,281,000 | 15,250,000 | 14,219,000 | 13,187,000 | 12,568,000 | 11,939,000 | 11,310,000 | 10,681,000 | 10,259,000 | ||||||||||||||||
long-term debt and finance lease obligations | 159,234,000 | 161,819,000 | 164,403,000 | 57,735,000 | 59,612,000 | 60,881,000 | 62,177,000 | 88,284,000 | 89,684,000 | 91,080,000 | 92,474,000 | 93,865,000 | 95,254,000 | 110,255,000 | 114,421,000 | 118,577,000 | 122,701,000 | 126,088,000 | 129,236,000 | 132,377,000 | 135,511,000 | 138,025,000 | ||||||||||||||||
accumulated other comprehensive loss | -9,000 | -50,000 | -58,000 | |||||||||||||||||||||||||||||||||||
investments | 1,155,000 | 1,155,000 | 1,155,000 | 2,875,000 | 2,875,000 | 2,875,000 | 2,875,000 | 2,875,000 | 2,875,000 | 2,875,000 | 2,875,000 | 2,875,000 | 2,875,000 | 2,875,000 | 2,875,000 | 2,875,000 | 2,875,000 | 2,875,000 | 2,875,000 | 2,875,000 | 2,875,000 | 2,875,000 | 2,875,000 | 2,875,000 | 2,875,000 | 2,875,000 | 2,875,000 | |||||||||||
current portion of long-term debt and capital lease obligations | 9,861,000 | 9,067,000 | 8,660,000 | 8,652,000 | 8,646,000 | 18,140,000 | 22,765,000 | 23,656,000 | 8,650,000 | 4,619,000 | ||||||||||||||||||||||||||||
long-term debt and capital lease obligations | 140,523,000 | 141,309,000 | 143,708,000 | 145,708,000 | 147,702,000 | 149,690,000 | 152,201,000 | 154,186,000 | 156,177,000 | 156,831,000 | ||||||||||||||||||||||||||||
cash | 33,648,000 | 17,445,000 | 10,474,000 | 10,059,000 | 5,677,000 | 3,354,000 | 5,376,000 | 15,295,000 | 21,084,000 | |||||||||||||||||||||||||||||
inventories | 63,571,000 | 72,274,000 | 76,904,000 | 69,397,000 | 41,308,000 | |||||||||||||||||||||||||||||||||
liabilities, convertible preferred stock and stockholders' equity | ||||||||||||||||||||||||||||||||||||||
total liabilities, convertible preferred stock and stockholders' equity | 401,371,000 | 414,729,000 | 395,458,000 | |||||||||||||||||||||||||||||||||||
foreign currency forward contracts | 2,369,000 | |||||||||||||||||||||||||||||||||||||
convertible preferred stock, par value of 0.01 per share; 200,000 shares authorized and 135,041 shares issued and outstanding as of december 31, 2015; liquidation preference of 197,295 as of december 31, 2015; no shares authorized, issued or outstanding as of december 31, 2016 | ||||||||||||||||||||||||||||||||||||||
stockholders' equity | ||||||||||||||||||||||||||||||||||||||
preferred stock, par value of 0.01 per share; no shares authorized, issued or outstanding as of december 31, 2015; 30,000,000 shares authorized as of december 31, 2016; no shares issued and outstanding as of december 31, 2016 | ||||||||||||||||||||||||||||||||||||||
deferred tax assets | 14,000 | |||||||||||||||||||||||||||||||||||||
convertible preferred stock, par value of 0.01 per share; 200,000 shares authorized and 135,041 shares issued and outstanding as of december 31, 2015; liquidation preference of 197,295 as of december 31, 2015; no shares authorized, issued or outstanding as of september 30, 2016 | ||||||||||||||||||||||||||||||||||||||
preferred stock, par value of 0.01 per share; no shares authorized, issued or outstanding as of december 31, 2015; 30,000,000 shares authorized as of september 30, 2016; no shares issued and outstanding as of september 30, 2016 | ||||||||||||||||||||||||||||||||||||||
employee loan receivable |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
cash flows from operating activities: | |||||||||||||||||||||||||||||||||||||
net income | 39,376,000 | 2,996,000 | 33,311,000 | 28,253,000 | 17,261,000 | 19,020,000 | 47,555,000 | 14,527,000 | 26,888,000 | 33,271,000 | 52,977,000 | 16,246,000 | 19,105,000 | 11,710,000 | 14,469,000 | 1,556,000 | 6,214,000 | 5,724,000 | 8,276,000 | -24,000 | 4,297,000 | 447,000 | 1,512,000 | -341,000 | 8,002,000 | 6,517,000 | 3,706,000 | -17,914,000 | 9,672,000 | 3,915,000 | 1,248,000 | 690,000 | 21,480,000 | 5,865,000 | 3,970,000 | 2,160,000 | 6,601,000 |
adjustments to reconcile net income to net cash from operating activities: | |||||||||||||||||||||||||||||||||||||
depreciation and amortization | 21,555,000 | 18,286,000 | 13,192,000 | 13,216,000 | 11,666,000 | 11,936,000 | 6,674,000 | 5,637,000 | 5,668,000 | 5,421,000 | 5,351,000 | 5,724,000 | 6,766,000 | 6,968,000 | 7,127,000 | 6,222,000 | 6,371,000 | 6,211,000 | 6,168,000 | 6,429,000 | 5,980,000 | 5,694,000 | 5,977,000 | 5,192,000 | 27,161,000 | 4,956,000 | 4,193,000 | 4,424,000 | 4,288,000 | ||||||||
non-cash lease expense | 2,712,000 | 2,698,000 | 2,843,000 | 2,730,000 | |||||||||||||||||||||||||||||||||
stock-based compensation expense | 29,874,000 | 29,477,000 | 9,868,000 | 22,339,000 | 21,648,000 | 12,964,000 | 11,042,000 | 11,217,000 | 7,200,000 | 7,257,000 | 8,034,000 | 6,542,000 | 5,211,000 | 5,107,000 | 4,280,000 | 4,642,000 | 5,028,000 | 5,385,000 | 4,627,000 | 4,206,000 | 3,352,000 | 4,004,000 | 3,926,000 | 3,683,000 | 4,357,000 | 4,193,000 | 4,631,000 | 3,640,000 | 3,754,000 | 3,787,000 | 3,529,000 | 2,404,000 | 1,560,000 | ||||
amortization of debt issuance costs and discount on debt | 475,000 | 353,000 | 134,000 | 132,000 | 137,000 | 138,000 | 138,000 | 140,000 | 141,000 | 74,000 | 75,000 | 75,000 | 90,000 | 90,000 | 91,000 | 90,000 | 93,000 | 93,000 | 118,000 | 206,000 | 213,000 | 214,000 | 214,000 | 182,000 | 186,000 | 189,000 | 190,000 | 190,000 | 196,000 | 198,000 | 199,000 | 199,000 | 205,000 | 202,000 | 201,000 | 202,000 | -223,000 |
deferred income taxes | -3,661,000 | 4,500,000 | 14,216,000 | 4,599,000 | -5,477,000 | -3,784,000 | 5,108,000 | -1,592,000 | -2,843,000 | -954,000 | 2,113,000 | -4,582,000 | -2,861,000 | -2,903,000 | 3,945,000 | -3,300,000 | -2,036,000 | -2,636,000 | 4,271,000 | -2,900,000 | -3,219,000 | -2,051,000 | -414,000 | 1,563,000 | -2,463,000 | 2,257,000 | 1,086,000 | -3,433,000 | -25,000 | -2,323,000 | 674,000 | 735,000 | -13,433,000 | 2,681,000 | -2,647,000 | -35,000 | -7,768,000 |
acquisition-related seller expenses | 0 | 0 | |||||||||||||||||||||||||||||||||||
loss on extinguishment of debt | 0 | 0 | 0 | 0 | 0 | 460,000 | |||||||||||||||||||||||||||||||
other | 26,000 | 1,479,000 | 911,000 | -708,000 | 826,000 | 145,000 | -127,000 | 1,200,000 | -194,000 | 150,000 | 71,000 | 180,000 | 23,000 | -45,000 | 21,000 | 39,000 | 200,000 | 160,000 | 97,000 | 329,000 | 80,000 | -98,000 | 72,000 | 463,000 | 46,000 | 348,000 | 16,000 | 242,000 | 284,000 | 17,000 | 33,000 | 142,000 | 998,000 | 13,000 | -18,000 | 199,000 | 80,000 |
changes in operating assets and liabilities: | |||||||||||||||||||||||||||||||||||||
accounts receivable | -35,569,000 | 49,128,000 | -46,170,000 | 62,325,000 | -43,846,000 | 10,594,000 | -31,815,000 | -3,720,000 | -27,066,000 | 3,803,000 | -22,615,000 | -1,812,000 | -12,319,000 | -1,574,000 | -6,727,000 | 1,614,000 | -2,837,000 | -1,403,000 | -2,971,000 | 4,341,000 | -10,747,000 | -3,949,000 | -174,000 | 5,531,000 | -7,382,000 | -5,286,000 | 9,641,000 | 4,215,000 | -5,146,000 | -4,117,000 | 4,141,000 | 12,771,000 | -9,994,000 | -9,493,000 | 3,006,000 | 8,480,000 | -3,889,000 |
inventory | 26,616,000 | -37,895,000 | 18,684,000 | 28,526,000 | 21,419,000 | -36,997,000 | -8,074,000 | 12,968,000 | -40,994,000 | -49,175,000 | -16,729,000 | -74,000 | |||||||||||||||||||||||||
prepaid expenses and other assets | -4,782,000 | -32,423,000 | -16,332,000 | 1,680,000 | -28,671,000 | -18,363,000 | -30,500,000 | -4,486,000 | -23,606,000 | -18,996,000 | -8,094,000 | -9,330,000 | -5,668,000 | -6,297,000 | -3,258,000 | -1,970,000 | -2,206,000 | 752,000 | -7,131,000 | -4,646,000 | -2,005,000 | -4,073,000 | 1,065,000 | -3,240,000 | -2,058,000 | -1,927,000 | 725,000 | -1,732,000 | -5,718,000 | 2,698,000 | -3,966,000 | -1,498,000 | 1,830,000 | -9,523,000 | -3,203,000 | -304,000 | 7,680,000 |
accounts payable and accrued expenses | -14,551,000 | 25,900,000 | -1,542,000 | -17,706,000 | -10,879,000 | 8,295,000 | -3,107,000 | -3,518,000 | 39,621,000 | 43,098,000 | 2,014,000 | 20,385,000 | 15,812,000 | 10,240,000 | -3,442,000 | 2,189,000 | 5,187,000 | 1,541,000 | -7,419,000 | 6,051,000 | 3,459,000 | 2,071,000 | 5,891,000 | -11,666,000 | 13,446,000 | 1,992,000 | 2,190,000 | -3,100,000 | 5,229,000 | 3,462,000 | -2,051,000 | -16,891,000 | 8,584,000 | 6,261,000 | -8,879,000 | -31,449,000 | 19,552,000 |
other liabilities | -2,666,000 | 5,342,000 | -1,882,000 | -1,795,000 | -1,924,000 | -2,197,000 | -1,995,000 | -2,491,000 | -1,507,000 | -1,246,000 | -1,015,000 | -1,158,000 | -1,119,000 | -1,190,000 | -945,000 | -1,062,000 | -1,296,000 | -1,001,000 | -1,017,000 | -900,000 | -699,000 | -797,000 | -856,000 | -333,000 | -504,000 | -4,111,000 | -6,566,000 | -3,295,000 | -278,000 | -72,000 | 141,000 | 3,000 | 100,000 | -382,000 | 46,000 | 6,000 | 499,000 |
net cash from operating activities | 59,405,000 | 23,415,000 | 27,233,000 | 136,100,000 | -14,709,000 | 11,168,000 | 1,281,000 | 37,015,000 | -17,131,000 | 27,916,000 | 23,354,000 | 32,882,000 | 25,955,000 | 12,468,000 | 30,578,000 | 11,687,000 | 7,052,000 | -6,718,000 | 7,492,000 | 27,525,000 | -1,463,000 | -8,410,000 | 11,823,000 | 6,513,000 | 20,795,000 | 4,140,000 | 12,865,000 | 8,578,000 | 20,551,000 | 18,660,000 | 11,341,000 | 5,030,000 | 18,545,000 | 11,696,000 | 4,180,000 | -22,043,000 | -429,000 |
capital expenditures | -6,620,000 | -6,849,000 | -7,095,000 | -11,059,000 | -5,052,000 | -1,623,000 | -786,000 | -2,675,000 | -4,519,000 | -849,000 | -616,000 | -76,000 | -953,000 | -453,000 | -241,000 | -222,000 | -947,000 | -1,313,000 | -2,336,000 | -2,516,000 | -1,212,000 | -1,591,000 | -1,155,000 | -2,349,000 | -1,539,000 | -2,630,000 | -2,904,000 | -3,762,000 | -2,416,000 | -1,294,000 | -2,495,000 | -2,667,000 | -3,173,000 | -2,222,000 | -1,473,000 | -676,000 | -3,670,000 |
free cash flows | 52,785,000 | 16,566,000 | 20,138,000 | 125,041,000 | -19,761,000 | 9,545,000 | 495,000 | 34,340,000 | -21,650,000 | 27,067,000 | 22,738,000 | 32,806,000 | 25,002,000 | 12,015,000 | 30,337,000 | 11,465,000 | 6,105,000 | -8,031,000 | 5,156,000 | 25,009,000 | -2,675,000 | -10,001,000 | 10,668,000 | 4,164,000 | 19,256,000 | 1,510,000 | 9,961,000 | 4,816,000 | 18,135,000 | 17,366,000 | 8,846,000 | 2,363,000 | 15,372,000 | 9,474,000 | 2,707,000 | -22,719,000 | -4,099,000 |
cash flows from investing activities: | |||||||||||||||||||||||||||||||||||||
acquisition, net of cash acquired | -1,079,000 | 0 | |||||||||||||||||||||||||||||||||||
purchase of property and equipment | -6,620,000 | -6,849,000 | -7,095,000 | -11,059,000 | -5,052,000 | -1,623,000 | -786,000 | -2,675,000 | -4,519,000 | -849,000 | -616,000 | -76,000 | -953,000 | -453,000 | -241,000 | -222,000 | -947,000 | -1,313,000 | -2,336,000 | -2,516,000 | -1,212,000 | -1,591,000 | -1,155,000 | -2,349,000 | -1,539,000 | -2,630,000 | -2,904,000 | -3,762,000 | -2,416,000 | -1,294,000 | -2,495,000 | -2,667,000 | -3,173,000 | -2,222,000 | -1,473,000 | -676,000 | -3,670,000 |
net cash from investing activities | -7,939,000 | -587,452,000 | -7,559,000 | -11,358,000 | -5,237,000 | -1,623,000 | -879,000 | -3,703,000 | -279,492,000 | -849,000 | -616,000 | -76,000 | -953,000 | -453,000 | -241,000 | -222,000 | -947,000 | -1,313,000 | -2,336,000 | -2,516,000 | -1,212,000 | -1,591,000 | -1,155,000 | -28,272,000 | -1,539,000 | -2,630,000 | -2,904,000 | -3,762,000 | -2,416,000 | -1,294,000 | -2,495,000 | -2,667,000 | -3,173,000 | -2,222,000 | -4,348,000 | -676,000 | -3,670,000 |
cash flows from financing activities: | |||||||||||||||||||||||||||||||||||||
proceeds from revolving line of credit | 0 | 0 | 0 | 0 | 0 | 26,480,000 | 0 | 0 | 0 | 20,000,000 | 0 | 0 | 0 | 2,000,000 | 1,800,000 | 3,500,000 | 5,600,000 | 15,000,000 | 0 | ||||||||||||||||||
repayment of revolving line of credit | 0 | 0 | -13,480,000 | 0 | 0 | 0 | -20,000,000 | 0 | 0 | 0 | -2,000,000 | -11,300,000 | -8,100,000 | 0 | |||||||||||||||||||||||
proceeds from long-term debt | 0 | 0 | |||||||||||||||||||||||||||||||||||
repayment of long-term debt | -165,314,000 | -2,687,000 | -2,687,000 | -2,688,000 | -1,250,000 | -1,250,000 | -1,250,000 | -26,250,000 | -1,250,000 | -1,250,000 | -1,250,000 | -1,250,000 | -1,250,000 | -50,775,000 | -3,093,000 | -3,094,000 | -3,094,000 | -2,475,000 | -2,475,000 | -2,475,000 | -2,475,000 | -2,063,000 | -2,063,000 | -2,063,000 | |||||||||||||
debt issuance costs paid | 0 | 0 | 0 | 0 | 0 | 0 | -1,064,000 | 0 | 0 | 0 | -334,000 | 0 | |||||||||||||||||||||||||
repurchase of common stock | -49,986,000 | 0 | -4,358,000 | -1,000,000 | -1,467,000 | -1,079,000 | |||||||||||||||||||||||||||||||
cash received from issuance of common stock | 3,530,000 | 1,650,000 | 121,000 | 464,000 | 2,668,000 | 2,143,000 | 265,000 | 485,000 | 2,401,000 | 3,149,000 | 2,501,000 | 2,000 | 441,000 | 12,000 | 761,000 | 463,000 | 621,000 | 371,000 | 113,000 | 398,000 | 216,000 | 406,000 | 626,000 | 240,000 | 115,000 | 1,681,000 | 998,000 | 285,000 | 212,000 | 669,000 | 156,000 | 1,007,000 | 146,000 | 37,000 | |||
net cash from financing activities | -53,957,000 | 594,759,000 | 121,000 | -50,171,000 | -2,302,000 | -22,384,000 | 408,000 | -106,000 | 203,871,000 | -1,853,000 | -967,000 | 951,000 | -23,298,000 | 1,054,000 | -1,442,000 | -1,001,000 | -14,910,000 | -13,677,000 | 478,000 | -2,680,000 | -2,927,000 | -3,182,000 | -2,611,000 | -6,814,000 | -3,263,000 | -3,509,000 | -3,089,000 | -2,147,000 | -578,000 | -1,163,000 | -1,875,000 | -1,948,000 | -10,990,000 | -7,151,000 | -1,854,000 | 12,800,000 | -1,690,000 |
effect of exchange rate changes on cash and cash equivalents | -91,000 | -1,348,000 | 1,542,000 | 573,000 | 41,000 | 22,000 | |||||||||||||||||||||||||||||||
net increase in cash and cash equivalents | 21,337,000 | -12,266,000 | 851,000 | 25,214,000 | 21,771,000 | 33,757,000 | 1,704,000 | 13,069,000 | 28,895,000 | 5,634,000 | 22,329,000 | -5,602,000 | -13,183,000 | 8,057,000 | -28,573,000 | 15,993,000 | -1,999,000 | 6,872,000 | 2,669,000 | ||||||||||||||||||
cash and cash equivalents - beginning of period | 148,692,000 | 0 | 108,183,000 | 0 | 120,778,000 | 0 | 0 | 0 | 43,353,000 | 0 | 0 | 0 | 57,768,000 | 0 | 0 | 0 | 46,167,000 | 0 | 0 | 0 | 53,874,000 | 51,205,000 | |||||||||||||||
cash and cash equivalents - end of period | 170,029,000 | -12,266,000 | 109,034,000 | 25,214,000 | 142,549,000 | 33,757,000 | 1,704,000 | 13,069,000 | 72,248,000 | 10,464,000 | -8,805,000 | -21,708,000 | 63,402,000 | 22,329,000 | -5,602,000 | -13,183,000 | 54,224,000 | -28,573,000 | 15,993,000 | -1,999,000 | 60,746,000 | 53,874,000 | |||||||||||||||
net increase in cash, cash equivalents and restricted cash | |||||||||||||||||||||||||||||||||||||
cash, cash equivalents and restricted cash - beginning of period | |||||||||||||||||||||||||||||||||||||
cash, cash equivalents and restricted cash - end of period | |||||||||||||||||||||||||||||||||||||
stock based compensation expense | |||||||||||||||||||||||||||||||||||||
impairment of equity investment | 1,155,000 | 0 | 0 | 1,720,000 | |||||||||||||||||||||||||||||||||
investment contributions | |||||||||||||||||||||||||||||||||||||
proceeds from exercise of stock options | 384,000 | ||||||||||||||||||||||||||||||||||||
effect of exchange rate changes on cash, cash equivalents and restricted cash | |||||||||||||||||||||||||||||||||||||
net decrease in cash, cash equivalents and restricted cash | |||||||||||||||||||||||||||||||||||||
depreciation, amortization and non-cash lease expense | 12,669,000 | 11,134,000 | |||||||||||||||||||||||||||||||||||
restructuring expense | -18,000 | -14,000 | |||||||||||||||||||||||||||||||||||
inventories | -10,948,000 | 14,158,000 | 735,000 | -8,432,000 | -22,278,000 | 2,320,000 | 11,414,000 | -4,081,000 | -11,727,000 | -6,543,000 | 4,168,000 | 2,468,000 | 170,000 | -7,241,000 | 2,561,000 | 7,024,000 | 6,496,000 | 1,867,000 | 951,000 | 881,000 | 8,698,000 | 4,635,000 | -7,496,000 | -28,087,000 | |||||||||||||
restructuring income | -14,000 | 8,000 | |||||||||||||||||||||||||||||||||||
proceeds from long term debt | 0 | 0 | 25,581,000 | 110,455,000 | |||||||||||||||||||||||||||||||||
net decrease in cash and cash equivalents | -8,805,000 | ||||||||||||||||||||||||||||||||||||
restructuring loss | |||||||||||||||||||||||||||||||||||||
investment in equity securities | 0 | 0 | |||||||||||||||||||||||||||||||||||
debt prepayment penalty | |||||||||||||||||||||||||||||||||||||
loss on foreign currency forward contracts | -2,369,000 | ||||||||||||||||||||||||||||||||||||
proceeds from repayment of employee note receivable | 0 | ||||||||||||||||||||||||||||||||||||
deferred offering costs paid | -193,000 | -2,247,000 | |||||||||||||||||||||||||||||||||||
dividend paid | 0 | ||||||||||||||||||||||||||||||||||||
adjustments to reconcile net income to net cash from (used in) operating activities: | |||||||||||||||||||||||||||||||||||||
repayment of long term debt | -2,063,000 | -2,062,000 | -2,063,000 | -2,063,000 | -109,171,000 | ||||||||||||||||||||||||||||||||
net increase in cash | 16,203,000 | 6,971,000 | 415,000 | 4,382,000 | -9,919,000 | -5,789,000 | |||||||||||||||||||||||||||||||
cash - beginning of period | 0 | 0 | 10,059,000 | 0 | 0 | 0 | 15,295,000 | 0 | |||||||||||||||||||||||||||||
cash - end of period | 16,203,000 | 6,971,000 | 10,474,000 | 4,382,000 | 2,323,000 | -2,022,000 | 5,376,000 | -5,789,000 | |||||||||||||||||||||||||||||
loss on disposal of fixed assets | 295,000 | 58,000 | 52,000 | 131,000 | 25,000 | ||||||||||||||||||||||||||||||||
amortization of intangible and other non-current assets | |||||||||||||||||||||||||||||||||||||
depreciation of property and equipment | 1,587,000 | 1,734,000 | 1,800,000 | 1,504,000 | |||||||||||||||||||||||||||||||||
proceeds from sale of property and equipment | 0 | ||||||||||||||||||||||||||||||||||||
amortization of intangible assets | 1,754,000 | 1,859,000 | 2,070,000 | ||||||||||||||||||||||||||||||||||
net decrease in cash | |||||||||||||||||||||||||||||||||||||
compensation expense paid to seller | |||||||||||||||||||||||||||||||||||||
due to related parties | |||||||||||||||||||||||||||||||||||||
acquisition of intangible assets | |||||||||||||||||||||||||||||||||||||
cash received from issuance of preferred stock | |||||||||||||||||||||||||||||||||||||
supplemental disclosure of cash flow information: | |||||||||||||||||||||||||||||||||||||
cash paid for interest | |||||||||||||||||||||||||||||||||||||
cash paid for income taxes | |||||||||||||||||||||||||||||||||||||
supplemental disclosure of noncash investing and financing activities: | |||||||||||||||||||||||||||||||||||||
accretion of preferred stock to maximum redemption value | |||||||||||||||||||||||||||||||||||||
deferred offering costs included in accounts payable and accrued expenses | |||||||||||||||||||||||||||||||||||||
property and equipment acquired under capital leases | |||||||||||||||||||||||||||||||||||||
property and equipment purchases included in accounts payable and accrued expenses | |||||||||||||||||||||||||||||||||||||
vesting of shares related to early exercise of common stock options | |||||||||||||||||||||||||||||||||||||
note receivable issued to finance early exercise of common stock | |||||||||||||||||||||||||||||||||||||
net repayment of note receivable with dividend proceeds | |||||||||||||||||||||||||||||||||||||
loss/(gain) on foreign currency forward contracts |