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SN · SharkNinja

3 filings

10-Q

SN 10-Q Quarterly Reports

SharkNinja - 3 quarterly reports

Filing record · 2023–202610-K310-Q38-K25

FY2025 annual report10-K · Mar ’26Mar ’26

2026-Q3
SharkNinja Quarterly Report for Q3 Ended Sep 30, 2026
SharkNinja, Inc. reported strong third-quarter 2026 results, with net sales of $1,976.4 million for the three months ended September 30, 2026, up from $1,630.2 million a year earlier, and net income of $338.4 million, compared with $188.7 million. Diluted EPS was $2.39 versus $1.33. Results were materially helped by tariff refund recognition: $243.8 million of IEEPA duty refunds accepted by CBP were recorded as a reduction to cost of sales, partly offset by $45.2 million accrued for amounts payable to factory partners, and $10.5 million of related interest was recorded in interest income. Excluding these and other non-GAAP adjustments, Adjusted Net Income was $330.9 million, or $2.34 per diluted share, versus $1.50 a year earlier, and Adjusted EBITDA was $461.3 million, a 23.3% margin. For the nine months, net sales rose to $5,154.7 million and net income to $589.6 million. Balance sheet and cash flow show a working-capital build ahead of the holiday season. Cash and cash equivalents declined to $487.8 million from $777.3 million at year-end 2025, while inventories rose to $1,428.2 million and accounts receivable to $2,106.3 million. Net cash from operating activities was $107.4 million for the nine months, versus $47.1 million a year earlier. The company repurchased 1,301,500 shares for $169.7 million under a $750.0 million program, leaving $580.3 million available, and had $708.8 million of term loan debt outstanding with $495.3 million available under its revolver. The filing also discloses that management concluded disclosure controls were not effective as of September 30, 2026, due to material weaknesses in internal control over financial reporting that existed at December 31, 2025 and continued into the quarter. Remediation efforts are ongoing, and the company expects an additional approximately $35.8 million IEEPA refund benefit, with related interest of approximately $3.3 million, in the fourth quarter of 2026.
Nov 4, 2026
2026-Q2
SharkNinja Quarterly Report for Q2 Ended Jun 30, 2026
SharkNinja, Inc. reported second-quarter 2026 net sales of $1.77 billion, up 22.2% from $1.44 billion a year earlier, with six-month net sales of $3.18 billion, up 19.1%. Gross margin was 48.7% for the quarter, down 30 basis points, as the company cited tariff cost pressures, unfavorable foreign currency and increased retailer activations. Operating income rose to $179.4 million from $168.6 million, but net income declined to $129.8 million from $139.6 million, primarily because of a $33.8 million swing in other expense, driven by unrealized foreign currency losses on intercompany balances. Diluted EPS was $0.92 versus $0.98 a year earlier. Adjusted EBITDA was $264.9 million, a 15.0% margin, and the company generated $275.5 million of operating cash flow for the six months, compared with a use of $63.9 million a year earlier. The balance sheet strengthened, with cash and cash equivalents of $779.8 million, no revolver borrowings, and $718.9 million of term loan debt outstanding. The company repurchased 1,008,368 shares for $119.7 million under a $750.0 million program, leaving $630.3 million available. Subsequent to quarter end, the company submitted and had accepted IEEPA tariff refund claims of approximately $247.1 million, and expects to recognize that benefit as a reduction of cost of sales in the third quarter of 2026. Management disclosed that disclosure controls were not effective as of June 30, 2026 due to material weaknesses in internal control over financial reporting that existed at December 31, 2025 and continued into 2026. The filing also reports a higher effective tax rate reduction tied to the purchase of transferable income tax credits, and increased share-based compensation of $47.2 million in the quarter, up from $10.9 million a year earlier, which weighed on general and administrative expenses.
Aug 5, 2026
2026-Q1
SharkNinja Quarterly Report for Q1 Ended Mar 31, 2026
SharkNinja, Inc. reported net sales of $1,412.8 million for the three months ended March 31, 2026, up from $1,222.6 million a year earlier, an increase of $190.2 million, or 15.6%. Growth was led by Cleaning Appliances (up 17.0%), Cooking and Beverage Appliances (up 19.8%) and Beauty and Home Environment Appliances (up 40.8%), while Food Preparation Appliances declined 3.3%. Operating income rose to $164.5 million from $144.9 million, and net income increased to $121.5 million from $117.8 million, or $0.85 per diluted share versus $0.83. Gross margin was 49.2% compared with 49.3% a year earlier, with the filing attributing the decline mainly to tariff-related cost pressures in the U.S. market, partly offset by cost optimization and favorable category and channel shifts. Adjusted EBITDA was $235.4 million, a 16.7% margin, and Adjusted Net Income per diluted share was $1.09 versus $0.87. Liquidity declined over the quarter. Cash and cash equivalents fell to $511.8 million from $777.3 million at December 31, 2025, and net cash used in operating activities was $156.3 million, compared with $54.9 million a year earlier. Accrued expenses and other current liabilities fell by $335.9 million in the operating cash flow discussion. Total debt outstanding under the 2023 Credit Agreement was $729.0 million, and the company had $489.1 million available under its revolving facility. Management stated that existing cash, operating cash flow and the revolver are expected to be sufficient for at least the next 12 months. The filing also discloses that disclosure controls were not effective as of December 31, 2025, due to material weaknesses in internal control over financial reporting that continued to exist as of March 31, 2026. Management is pursuing remediation through 2026. During the quarter, the company repurchased 193,135 ordinary shares for $20.0 million under a $750.0 million program authorized on February 11, 2026, leaving $730.0 million available. The filing states that the Section 122 import surcharge of 10% is set to expire July 24, 2026 by statute, and that no receivable for potential IEEPA tariff refunds has been recognized.
May 6, 2026