e.l.f. Beauty Q3 2025: Sales $598.1M, Net Income $84.1M

TL;DR

ELF Q3 2025: Sales up to $598.1M, profit $84.1M. Assets $1.19B, Liabilities $582.3M. Solid quarter.

AI Summary

e.l.f. Beauty, Inc. filed its 10-Q for the period ending December 31, 2024. The company reported total assets of $1.19 billion and total liabilities of $582.3 million. For the nine months ended December 31, 2024, net sales were $598.1 million, with a net income of $84.1 million.

Why It Matters

This filing provides a snapshot of e.l.f. Beauty's financial health and performance, crucial for investors assessing its market position and future prospects in the competitive beauty industry.

Risk Assessment

Risk Level: low — The filing is a standard quarterly report with no immediate red flags or significant negative trends indicated.

Key Numbers

• $1.19B — Total Assets (As of December 31, 2024)
• $582.3M — Total Liabilities (As of December 31, 2024)
• $598.1M — Net Sales (Nine months ended December 31, 2024)
• $84.1M — Net Income (Nine months ended December 31, 2024)

Key Players & Entities

• e.l.f. Beauty, Inc. (company) — Filer
• December 31, 2024 (date) — Reporting Period End Date
• $1.19 billion (dollar_amount) — Total Assets
• $582.3 million (dollar_amount) — Total Liabilities
• $598.1 million (dollar_amount) — Net Sales (9 months ended)
• $84.1 million (dollar_amount) — Net Income (9 months ended)
• 20250207 (date) — Filing Date

FAQ

Key Financial Figures

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

Filing Documents

• elf-20241231.htm (10-Q) — 1161KB
• q325exhibit311.htm (EX-31.1) — 10KB
• q325exhibit312.htm (EX-31.2) — 10KB
• q325exhibit321.htm (EX-32.1) — 6KB
• 0001600033-25-000006.txt ( ) — 5943KB
• elf-20241231.xsd (EX-101.SCH) — 38KB
• elf-20241231_cal.xml (EX-101.CAL) — 93KB
• elf-20241231_def.xml (EX-101.DEF) — 117KB
• elf-20241231_lab.xml (EX-101.LAB) — 499KB
• elf-20241231_pre.xml (EX-101.PRE) — 334KB
• elf-20241231_htm.xml (XML) — 843KB

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 10 Notes to condensed consolidated financial statements (unaudited) 13

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 25

Quantitative and qualitative disclosures about market risk

Item 3. Quantitative and qualitative disclosures about market risk 31

Controls and procedures

Item 4. Controls and procedures 31

OTHER INFORMATION

PART II. OTHER INFORMATION 32

Legal proceedings

Item 1. Legal proceedings 32

Risk factors

Item 1A. Risk factors 32

Unregistered sales of equity securities and use of proceeds

Item 2. Unregistered sales of equity securities and use of proceeds 61

Defaults upon senior securities

Item 3. Defaults upon senior securities 61

Mine safety disclosures

Item 4. Mine safety disclosures 61

Other information

Item 5. Other information 61

Exhibits

Item 6. Exhibits 62

SIGNATURES

SIGNATURES 63 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) December 31, 2024 March 31, 2024 December 31, 2023 Assets Current assets: Cash and cash equivalents $ 73,845 $ 108,183 $ 72,705 Accounts receivable, net 187,744 123,797 121,061 Inventory, net 214,786 191,489 204,504 Prepaid expenses and other current assets 82,702 53,608 56,630 Total current assets 559,077 477,077 454,900 Property and equipment, net 19,878 13,974 12,805 Intangible assets, net 212,047 225,094 230,658 Goodwill 340,582 340,600 340,165 Other assets 133,250 72,502 69,756 Total assets $ 1,264,834 $ 1,129,247 $ 1,108,284 Liabilities and stockholders' equity Current liabilities: Current portion of long-term debt $ 100,250 $ 100,307 $ 100,394 Accounts payable 65,293 81,075 72,917 Accrued expenses and other current liabilities 128,364 117,733 129,628 Total current liabilities 293,907 299,115 302,939 Long-term debt 154,061 161,819 164,403 Deferred tax liabilities 493 3,666 4,281 Long-term operating lease obligations 48,116 21,459 21,720 Other long-term liabilities 870 616 717 Total liabilities 497,447 486,675 494,060 Commitments and contingencies (Note 7) Stockholders' equity: Common stock, par value of $ 0.01 per share; 250,000,000 shares authorized as of December 31, 2024, March 31, 2024 and December 31, 2023; 56,398,608 , 55,583,660 and 55,412,234 shares issued and outstanding as of December 31, 2024, March 31, 2024 and December 31, 2023, respectively 563 555 553 Additional paid-in capital 977,141 936,403 922,592 Accumulated other comprehensive income (loss) 183 ( 50 ) ( 58 ) Accumulated deficit ( 210,500 ) ( 294,336 ) ( 308,863 ) Total stockholders' equity 767,387 642,572 614,224 Total liabilities and stockholders' equity $ 1,264,834 $ 1,129,247 $ 1,108,284 The accompanying notes are an integral part of these condensed consolidated finan