e.l.f. Beauty Files Q1 2025 Results

TL;DR

ELF Q1 results are in, check the 10-Q for the latest numbers.

AI Summary

e.l.f. Beauty, Inc. filed its 10-Q for the period ending June 30, 2024. The company, formerly known as J.A. Cosmetics Holdings, Inc., reported financial results and operational details. The filing indicates a fiscal year end of March 31st and is based in Oakland, California.

Why It Matters

This filing provides investors with the latest financial performance and disclosures for e.l.f. Beauty, Inc., crucial for understanding the company's current health and future prospects.

Risk Assessment

Risk Level: low — This is a standard quarterly financial filing with no immediate red flags apparent in the provided snippet.

Key Numbers

• 0.0 — Other Assets Noncurrent (Value for Other Assets Noncurrent as of the reporting period.)

Key Players & Entities

• e.l.f. Beauty, Inc. (company) — Filer
• J.A. Cosmetics Holdings, Inc. (company) — Former Company Name
• 20240630 (date) — Reporting Period End Date
• 20240809 (date) — Filing Date
• 570 10TH STREET OAKLAND CA 94607 (address) — Company Business Address

FAQ

Key Financial Figures

• $0.01 — ich registered Common Stock, par value $0.01 per share ELF New York Stock Exchange

Filing Documents

• elf-20240630.htm (10-Q) — 977KB
• q12025exhibit101.htm (EX-10.1) — 27KB
• q12025exhibit102.htm (EX-10.2) — 802KB
• q125exhibit311.htm (EX-31.1) — 10KB
• q125exhibit312.htm (EX-31.2) — 10KB
• q125exhibit321.htm (EX-32.1) — 6KB
• image_01.jpg (GRAPHIC) — 66KB
• image_0a.jpg (GRAPHIC) — 106KB
• image_11.jpg (GRAPHIC) — 7KB
• image_12.jpg (GRAPHIC) — 44KB
• image_1a.jpg (GRAPHIC) — 1572KB
• image_2a.jpg (GRAPHIC) — 49KB
• image_3a.jpg (GRAPHIC) — 49KB
• image_4.jpg (GRAPHIC) — 0KB
• image_8.jpg (GRAPHIC) — 0KB
• 0001600033-24-000043.txt ( ) — 9012KB
• elf-20240630.xsd (EX-101.SCH) — 38KB
• elf-20240630_cal.xml (EX-101.CAL) — 89KB
• elf-20240630_def.xml (EX-101.DEF) — 107KB
• elf-20240630_lab.xml (EX-101.LAB) — 478KB
• elf-20240630_pre.xml (EX-101.PRE) — 318KB
• elf-20240630_htm.xml (XML) — 740KB

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION 5

Financial statements (unaudited)

Item 1. Financial statements (unaudited) 5 Condensed consolidated balance sheets 5 Condensed consolidated statements of operations 6 Condensed consolidated statements of comprehensive income 7 Condensed consolidated statements of stockholders' equity 8 Condensed consolidated statements of cash flows 9 Notes to condensed consolidated financial statements (unaudited) 10

Management's discussion and analysis of financial condition and results of operations

Item 2. Management's discussion and analysis of financial condition and results of operations 21

Quantitative and qualitative disclosures about market risk

Item 3. Quantitative and qualitative disclosures about market risk 26

Controls and procedures

Item 4. Controls and procedures 26

OTHER INFORMATION

PART II. OTHER INFORMATION 27

Legal proceedings

Item 1. Legal proceedings 27

Risk factors

Item 1A. Risk factors 27

Unregistered sales of equity securities and use of proceeds

Item 2. Unregistered sales of equity securities and use of proceeds 55

Defaults upon senior securities

Item 3. Defaults upon senior securities 56

Mine safety disclosures

Item 4. Mine safety disclosures 56

Other information

Item 5. Other information 56

Exhibits

Item 6. Exhibits 57

SIGNATURES

SIGNATURES 58 4 Table of Contents

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION

Financial statements (unaudited)

Item 1. Financial statements (unaudited) e.l.f. Beauty, Inc. and subsidiaries Condensed consolidated balance sheets (unaudited) (in thousands, except share and per share data) June 30, 2024 March 31, 2024 June 30, 2023 Assets Current assets: Cash and cash equivalents $ 109,034 $ 108,183 $ 142,549 Accounts receivable, net 155,701 123,797 90,531 Inventory, net 199,563 191,489 98,053 Prepaid expenses and other current assets 66,162 53,608 39,276 Total current assets 530,460 477,077 370,409 Property and equipment, net 14,040 13,974 7,581 Intangible assets, net 220,745 225,094 76,013 Goodwill 340,600 340,600 171,620 Other assets 98,987 72,502 32,258 Total assets $ 1,204,832 $ 1,129,247 $ 657,881 Liabilities and stockholders' equity Current liabilities: Current portion of long-term debt and finance lease obligations $ 102,938 $ 100,307 $ 5,431 Accounts payable 79,989 81,075 53,237 Accrued expenses and other current liabilities 116,878 117,733 51,037 Total current liabilities 299,805 299,115 109,705 Long-term debt and finance lease obligations 159,234 161,819 59,612 Deferred tax liabilities 7,910 3,666 5,855 Long-term operating lease obligations 33,637 21,459 10,137 Other long-term liabilities 656 616 870 Total liabilities 501,242 486,675 186,179 Commitments and contingencies (Note 7) Stockholders' equity: Common stock, par value of $ 0.01 per share; 250,000,000 shares authorized as of June 30, 2024, March 31, 2024 and June 30, 2023; 56,387,461 , 55,583,660 and 54,417,579 shares issued and outstanding as of June 30, 2024, March 31, 2024 and June 30, 2023, respectively 563 555 543 Additional paid-in capital 949,817 936,403 840,181 Accumulated other comprehensive loss ( 9 ) ( 50 ) — Accumulated deficit ( 246,781 ) ( 294,336 ) ( 369,022 ) Total stockholders' equity 703,590 642,572 471,702 Total liabilities and stockholders' equity $ 1,204,832 $ 1,129,247 $ 657,881 The accompanying notes are an integral part of these condensed consol