How did SharkNinja perform in the fourth quarter of 2025?

Net sales increased 17.6% to $2,101.4 million, net income increased 98.3% to $255.2 million, and Adjusted Net Income increased 38.9% to $274.5 million. Gross margin rose 90 basis points to 47.9%, and Adjusted EBITDA reached $395.3 million, or 18.8% of net sales.

How large is the new share repurchase program and when will it start?

The Board authorized repurchases of up to $750 million of outstanding ordinary shares. The company expects to begin implementing the program in fiscal 2026. The program has no expiration date, may be modified, suspended or discontinued at any time, and does not obligate the company to repurchase any shares.

What is SharkNinja's guidance for fiscal 2026?

The company expects net sales to rise 10.0% to 11.0%, Adjusted Net Income per diluted share of $5.90 to $6.00, and Adjusted EBITDA of $1,270 million to $1,280 million. It also expects a GAAP effective tax rate of about 22.0% to 23.0%, roughly 143.5 million diluted weighted average shares, and capital expenditures of $190 million to $210 million.

What drove revenue growth in 2025?

Net sales grew across all four product categories in 2025. Food Preparation Appliances rose 31.6% to $1,550.7 million, driven by frozen drinks, and Beauty and Home Environment Appliances rose 45.3% to $826.3 million, driven by fans, air purifiers and face masks. Domestic net sales rose 13.5% and International net sales rose 20.8%.

What is the company's balance sheet position at year-end 2025?

Cash and cash equivalents were $777.3 million, up from $363.7 million a year earlier. Total debt, excluding unamortized deferred financing costs, was $739.1 million, and the revolving credit facility had $489.1 million of available capacity. Inventories increased 11.4% to $1,002.2 million.

SN 8-K: Earnings & Results

01—Abstract

Summary

Summary of the 8-K filed February 11, 2026. Cited figures are marked; the original filing is the authoritative source.

SharkNinja, Inc. reported fourth-quarter and full-year 2025 results on February 11, 2026, and gave fiscal 2026 guidance.

For the fourth quarter, net sales rose 17.6% to $2,101.4 million^a, net income rose 98.3% to $255.2 million, and Adjusted EBITDA rose 36.0% to $395.3 million, or 18.8% of net sales. For the full year, net sales increased 15.7% to $6,399.2 million, net income increased 59.9% to $701.4 million (diluted EPS of $4.94), and Adjusted Net Income increased 21.6% to $749.6 million (Adjusted EPS of $5.28). Growth was led by Beauty and Home Environment Appliances, which rose 63.2% in the quarter and 45.3% for the year, and the company cited gross margin expansion of 90 basis points for both periods.

The Board authorized a share repurchase program of up to $750 million^b in ordinary shares, with no expiration date and no expectation of debt financing for it. The company expects to begin implementing the program in fiscal 2026. At December 31, 2025, cash and cash equivalents were $777.3 million, total debt excluding deferred financing costs was $739.1 million, and inventories rose 11.4% to $1,002.2 million.

For fiscal 2026, SharkNinja expects net sales to increase 10.0% to 11.0%, Adjusted Net Income per diluted share of $5.90 to $6.00^c, Adjusted EBITDA of $1,270 million to $1,280 million, a GAAP effective tax rate of approximately 22.0% to 23.0%, approximately 143.5 million diluted weighted average shares, and capital expenditures of $190 million to $210 million. The company notes that tariff changes and the broader operating environment could affect this outlook.

02—Key points

Key Highlights

Q4 2025 net sales rose 17.6% to $2,101.4 million, with all four product categories growing; Beauty and Home Environment Appliances grew 63.2%.
FY 2025 net income rose 59.9% to $701.4 million, and diluted EPS was $4.94 versus $3.11 in 2024.
FY 2025 Adjusted EBITDA rose 19.4% to $1,135.5 million, or 17.7% of net sales.
Board authorized a $750 million share repurchase program with no expiration date, to begin in fiscal 2026 and not funded with debt.
Year-end 2025 cash and cash equivalents of $777.3 million, with a $489.1 million revolving credit facility availability and total debt of $739.1 million.
FY 2026 outlook calls for net sales growth of 10.0% to 11.0%, Adjusted EPS of $5.90 to $6.00, and Adjusted EBITDA of $1,270 million to $1,280 million.
Operating cash flow rose to $634.1 million in 2025 from $446.6 million in 2024.

03—Questions

Frequently Asked Questions

How did SharkNinja perform in the fourth quarter of 2025?
Net sales increased 17.6% to $2,101.4 million, net income increased 98.3% to $255.2 million, and Adjusted Net Income increased 38.9% to $274.5 million. Gross margin rose 90 basis points to 47.9%, and Adjusted EBITDA reached $395.3 million, or 18.8% of net sales.
How large is the new share repurchase program and when will it start?
The Board authorized repurchases of up to $750 million of outstanding ordinary shares. The company expects to begin implementing the program in fiscal 2026. The program has no expiration date, may be modified, suspended or discontinued at any time, and does not obligate the company to repurchase any shares.
What is SharkNinja's guidance for fiscal 2026?
The company expects net sales to rise 10.0% to 11.0%, Adjusted Net Income per diluted share of $5.90 to $6.00, and Adjusted EBITDA of $1,270 million to $1,280 million. It also expects a GAAP effective tax rate of about 22.0% to 23.0%, roughly 143.5 million diluted weighted average shares, and capital expenditures of $190 million to $210 million.
What drove revenue growth in 2025?
Net sales grew across all four product categories in 2025. Food Preparation Appliances rose 31.6% to $1,550.7 million, driven by frozen drinks, and Beauty and Home Environment Appliances rose 45.3% to $826.3 million, driven by fans, air purifiers and face masks. Domestic net sales rose 13.5% and International net sales rose 20.8%.
What is the company's balance sheet position at year-end 2025?
Cash and cash equivalents were $777.3 million, up from $363.7 million a year earlier. Total debt, excluding unamortized deferred financing costs, was $739.1 million, and the revolving credit facility had $489.1 million of available capacity. Inventories increased 11.4% to $1,002.2 million.

04—Continue

← View all 8-K filings