SN · SharkNinja

31 filings

SN SEC Filings

SharkNinja - 31 total filings

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

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

Showing 1–31 of 31 filings

SharkNinja 8-K Report, Financial Results (Nov 4, 2026)

SharkNinja, Inc. reported third quarter 2026 results for the quarter ended September 30, 2026, with net sales increasing 21.2% to $1,976.4 million and net income increasing 79.3% to $338.4 million, or $2.39 per diluted share. Adjusted EBITDA rose 45.7% to $461.3 million, or 23.3% of net sales. Gross margin rose 910 basis points to 59.2%, primarily driven by recognized benefits from refund claims for duties paid under the International Emergency Economic Powers Act (IEEPA), net of amounts payable to factory partners. These IEEPA refund benefits were excluded from all Adjusted measures, so the Adjusted results show a smaller improvement, with Adjusted Gross Margin up 560 basis points to 55.9% and Adjusted Net Income up 55.1% to $330.9 million. Management raised its fiscal 2026 outlook across key metrics. Net sales are now expected to increase 18.0% to 19.0% (previously 16.0% to 17.0%), Adjusted Net Income per diluted share is expected between $6.65 and $6.75 (previously $6.45 to $6.55), and Adjusted EBITDA is expected between $1,380 million and $1,391 million (previously $1,357 million to $1,369 million). The company stated that the updated outlook reflects continued operating strength together with recognition of tariff refund benefits, and that the total refund claim attributable to fiscal 2025 duties is now approximately $145.4 million, with about $35.8 million expected in the fourth quarter of 2026. On the balance sheet, cash and cash equivalents were $487.8 million at September 30, 2026, down from $777.3 million at December 31, 2025, and total debt excluding deferred financing costs was $708.8 million. Inventories increased 42.5% to $1,428.2 million, and accounts receivable rose to $2,106.3 million from $1,667.1 million at year-end 2025. Nine-month operating cash flow was $107.4 million, compared with $47.1 million in the prior-year period. During the nine months, the company repurchased 1,301,500 ordinary shares for $169.7 million under its $750.0 million repurchase program.

Nov 4, 2026 10-Q

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 8-K

SharkNinja 8-K Report, Financial Results (Aug 5, 2026)

SharkNinja, Inc. reported second-quarter 2026 net sales of $1,765.5 million, up 22.2% from $1,444.9 million a year earlier (21.6% on a constant currency basis). Growth was led by Cooking and Beverage Appliances (up 36.5% to $499.0 million), Beauty and Home Environment Appliances (up 65.3% to $285.8 million) and Food Preparation Appliances (up 13.3% to $458.6 million). International net sales rose 36.6% to $623.6 million. Profitability was mixed: GAAP net income fell 7.0% to $129.8 million, or $0.92 per diluted share, while Adjusted Net Income rose 29.3% to $178.2 million and Adjusted Net Income per diluted share rose 29.9% to $1.26. Adjusted EBITDA increased 18.6% to $264.9 million, or 15.0% of net sales. Gross margin declined 30 basis points to 48.7%, which the company attributed mainly to U.S. tariff costs, unfavorable foreign currency and increased retailer activations. General and administrative expenses rose 40.8%, driven by a $22.6 million increase in share-based compensation. SharkNinja raised its fiscal 2026 outlook. Net sales growth is now expected at 16.0% to 17.0%, up from 11.5% to 12.5%. Adjusted Net Income per diluted share is expected at $6.45 to $6.55, up from $6.00 to $6.10, and Adjusted EBITDA at $1,357 million to $1,369 million, up from $1,290 million to $1,300 million. The company said the revision reflects stronger underlying operations plus an expected tariff refund benefit. It submitted refund claims of approximately $247.1 million through U.S. Customs and Border Protection, which accepted them, and expects to recognize that amount as a reduction of cost of sales in the third quarter of 2026. Refunds tied to 2025 tariffs will be excluded from Adjusted metrics, while refunds tied to 2026 tariffs will be reflected in them. At June 30, 2026, the company held cash and cash equivalents of $779.8 million and total debt of $718.9 million, excluding unamortized deferred financing costs. Inventories rose 14.1% to $1,143.6 million from December 31, 2025. During the six months ended June 30, 2026, SharkNinja repurchased 1,008,368 ordinary shares for $119.7 million under its $750.0 million repurchase program, at an average price of $118.71 per share. Net cash provided by operating activities was $275.5 million for the six months, compared with a use of $63.9 million a year earlier.

Aug 5, 2026 10-Q

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 8-K

SharkNinja 8-K Report, Corporate Update (Jul 13, 2026)

SharkNinja, Inc. filed a Current Report on Form 8-K dated July 13, 2026, under Item 8.01 (Other Events) to disclose a one-time limited waiver of its Insider Trading Policy and Code of Business Conduct and Ethics for Chairman CJ Xuning Wang. The policies restrict directors, executive officers, and other covered persons from trading in the Company's securities during defined quarterly blackout periods. The Board of Directors approved the waiver on July 10, 2026. On July 10, 2026, in connection with the waiver, Mr. Wang sold a portion of his holdings to an existing institutional investor in a transaction exempt from registration requirements. The filing states that after due consideration and a review of the facts and circumstances, the Board believed the waiver was appropriate in this limited case. The filing does not state the number of shares sold, the sale price, or the proceeds. For investors, the key takeaway is a governance disclosure: a senior insider traded during a period that would ordinarily be restricted, under a Board-approved exception. The filing is signed by Pedro J. Lopez-Baldrich, Chief Legal Officer.

Jul 13, 2026 8-K

SharkNinja 8-K Report, Bylaw Amendment (Jun 18, 2026)

SharkNinja, Inc. filed a Current Report on Form 8-K reporting the results of its 2026 Annual General Meeting, held June 18, 2026. Under Item 5.03, shareholders approved an Amendment and Restatement of the Company's Amended and Restated Memorandum and Articles of Association, effective upon that approval. The filing states the changes update shareholder disclosure requirements for proposing business or nominating directors, align the advance notice period with market practice for domestic issuers, and make other immaterial changes. A full description is incorporated by reference from the definitive proxy statement filed April 27, 2026, and the full text is filed as Exhibit 3.1. At the meeting, 134,828,408 of 141,568,925 outstanding Ordinary Shares, representing 95.23% of votes outstanding, were present in person, virtually, or by proxy. All seven director nominees were re-elected, though votes for several nominees were notably lower than others. Chi Kin Max Hui received 98,131,389 FOR votes against 26,564,567 AGAINST, and Timothy R. Warner received 104,937,676 FOR against 19,757,587 AGAINST. Shareholders also ratified Ernst & Young LLP as the independent registered accounting firm for the fiscal year ending December 31, 2026. Shareholders approved, on a non-binding advisory basis, the compensation of named executive officers, with 115,503,073 votes FOR and 9,231,410 AGAINST. In a non-binding vote on frequency, 123,853,354 shareholders selected "One Year," and the Board determined that future say-on-pay votes will occur annually. The shareholders also approved the Amendment and Restatement of the Articles, with 124,285,821 votes FOR and 448,385 AGAINST.

Jun 18, 2026 8-K

SharkNinja 8-K Report, Financial Results (May 6, 2026)

SharkNinja, Inc. reported first quarter 2026 results for the period ended March 31, 2026, with net sales rising 15.6% to $1,412.8 million from $1,222.6 million a year earlier (12.7% on a constant currency basis). Growth was led by Cleaning Appliances (up 17.0% to $516.6 million), Cooking and Beverage Appliances (up 19.8% to $414.6 million), and Beauty and Home Environment Appliances (up 40.8% to $194.1 million), while Food Preparation Appliances declined 3.3% to $287.5 million. International net sales grew 31.6% and Domestic net sales grew 8.4%. Gross margin decreased 10 basis points to 49.2%, with the filing citing tariff-related cost pressures in the U.S. market, partly offset by cost optimization and a lower sourcing service fee paid to JS Global. Profitability was mixed on a GAAP basis: net income rose 3.1% to $121.5 million and diluted EPS rose 2.4% to $0.85, while Adjusted Net Income increased 25.1% to $154.8 million and Adjusted Net Income per diluted share rose 25.3% to $1.09. Adjusted EBITDA increased 17.5% to $235.4 million, or 16.7% of net sales. Operating income rose 13.5% to $164.5 million, and share-based compensation increased $13.2 million within general and administrative expenses, a factor in the gap between GAAP and adjusted results. The company raised its fiscal 2026 outlook for net sales growth to 11.5% to 12.5% (from 10.0% to 11.0%), Adjusted Net Income per diluted share to $6.00 to $6.10 (from $5.90 to $6.00), and Adjusted EBITDA to $1,290 million to $1,300 million (from $1,270 million to $1,280 million). Cash and cash equivalents were $511.8 million at quarter-end, down from $777.3 million at December 31, 2025, and net cash used in operating activities was $156.3 million for the quarter. Total debt, excluding unamortized deferred financing costs, was $729.0 million.

May 6, 2026 10-Q

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 10-K

SharkNinja Annual Report, Year Ended Dec 31, 2025

SharkNinja, Inc. reported net sales of $6.40 billion for the year ended December 31, 2025, up 15.7% from $5.53 billion in 2024, with growth across all four product categories. Gross margin rose to 49.0% from 48.1%, operating income increased to $920.3 million from $644.2 million, and net income grew to $701.4 million ($4.94 diluted EPS) from $438.7 million. Adjusted EBITDA was $1.14 billion, or 17.7% of net sales, compared with $951.1 million (17.2%) in 2024. Food Preparation Appliances (up 31.6%) and Beauty and Home Environment Appliances (up 45.3%) were the fastest-growing categories, while Cleaning Appliances rose 6.9% and Cooking and Beverage Appliances rose 5.7%. Balance sheet and cash flow strengthened. Cash and cash equivalents were $777.3 million at year-end, up from $363.7 million, and operating cash flow was $634.1 million versus $446.6 million. Debt outstanding was $739.1 million under the 2023 Credit Agreement, and the company had $489.1 million available under its revolving facility. On February 11, 2026, the board authorized a share repurchase program of up to $750.0 million, which the company does not expect to fund with debt. The filing also raises significant risks. Management concluded that internal control over financial reporting was not effective as of December 31, 2025, citing material weaknesses in control environment, IT general controls, revenue and accounts receivable, inventory and cost of goods sold, and the financial statement close process; the auditor, Ernst & Young, issued an adverse opinion on internal control. Customer concentration is notable, with the largest customer representing 23.8% of net sales. Tariff uncertainty, including a February 20, 2026 Supreme Court ruling striking down certain IEEPA tariffs, and the company's transition from foreign private issuer to U.S. domestic filer status are also highlighted. Mr. Xuning Wang controls approximately 38.6% of voting power.

Mar 2, 2026 8-K

SharkNinja 8-K Report, Financial Results (Feb 11, 2026)

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, 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 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, 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.

Feb 11, 2026 8-K

SharkNinja 8-K Report, Executive Changes (Jan 20, 2026)

SharkNinja, Inc. filed this Current Report on Form 8-K dated January 20, 2026 to disclose the appointment of Kaitlin Folan as Principal Accounting Officer, effective January 20, 2026. Under Item 5.02, Ms. Folan, age 43, will assume the role of Chief Accounting Officer and will report to Adam Quigley, the Company's Chief Financial Officer, who will continue to serve as Principal Financial Officer. She is a certified public accountant and previously served as Chief Accounting Officer of Katapult Holdings, Inc. (July 2024 to January 2026), Vice President, Financial Accounting at BJ's Wholesale Club (April 2021 to July 2024), and in various roles at PricewaterhouseCoopers, LLP (October 2012 to April 2021). The filing sets out her compensation under an offer letter with SharkNinja Operating LLC: an annual base salary of $450,000, an annual bonus eligibility of up to 40% of base salary under the Global Annual Bonus Plan (prorated in the first year), and a one-time signing bonus of $240,000 paid in two $120,000 installments, subject to continued employment and full repayment if she voluntarily leaves within 24 months of receiving an installment. She is also expected to receive a long-term incentive RSU award with a fair market value of $1,200,000, recommended in the first quarter of 2026 and subject to Compensation Committee approval, vesting over three years with 30% time-based and 70% performance-based. The Company may instead pay a cash award of $1,200,000 in its sole discretion. The filing also states that Ms. Folan will enter into the Company's standard indemnification agreement, that there is no arrangement under which she was selected as an officer, no family relationship with any executive officer or director, and no related party transactions requiring disclosure under Item 404(a) of Regulation S-K. The filing lists the offer letter dated December 12, 2025 as Exhibit 10.1 and the Cover Page Interactive Data File as Exhibit 104.

Jan 20, 2026 8-K

SharkNinja 8-K Report, Executive Changes (Jan 7, 2026)

SharkNinja, Inc. (NYSE: SN) reported in this Form 8-K that Jason Wortendyke was appointed to its Board of Directors effective January 5, 2026. He will serve for a term expiring at the Company's 2026 annual general meeting, or until his earlier resignation or removal. He was also appointed to the Board's Compensation Committee. The filing states that the appointment is disclosed under Item 5.02 of Form 8-K. The filing describes Mr. Wortendyke's compensation as consistent with the Company's other non-employee directors. He is eligible for an annual cash retainer of $152,000 for Board service and an additional annual cash retainer of $15,000 for Compensation Committee service. He also receives an annual grant of restricted stock units with a grant date fair market value of $181,342, which is prorated for his first year of service through the 2026 annual general meeting. The RSUs vest in full on June 18, 2026, subject to continuous service. The Company will also enter into an indemnification agreement with him, requiring indemnification to the fullest extent permissible under Cayman Islands law. The filing states there is no arrangement or understanding under which Mr. Wortendyke was selected as a director, and no related party transactions subject to disclosure under Item 404(a) of Regulation S-K. A press release dated January 7, 2026, announcing the appointment is filed as Exhibit 99.1. According to that release, Mr. Wortendyke is Managing Director and Head of Midwest Investment Banking at Cantor Fitzgerald and previously held senior roles at Citigroup, Credit Suisse, and UBS.

Jan 7, 2026 8-K

SharkNinja 8-K Report (Nov 6, 2025)

SharkNinja, Inc. (NYSE: SN) furnished this Form 6-K on November 6, 2025 to report third-quarter 2025 results (Exhibit 99.3) and to announce that Adam Quigley, who had been interim CFO since September 2025, was appointed Chief Financial Officer on a permanent basis, effective November 6, 2025 (Exhibit 99.4). Net sales for the quarter rose 14.3% to $1,630.2 million, and net income increased 42.6% to $188.7 million, or $1.33 per diluted share. Operating income was $262.9 million, up from $180.3 million, and Adjusted EBITDA rose 20.7% to $316.5 million, or 19.4% of net sales. Gross margin expanded 140 basis points to 50.1%, which management attributed to cost optimization and a decline in fees paid to JS Global under a sourcing services agreement that ended July 31, 2025, partly offset by tariffs. For the nine months ended September 30, 2025, net sales were $4,297.8 million (up 14.9%) and net cash provided by operating activities was $47.1 million, compared with net cash used of $43.0 million a year earlier. Accounts receivable rose to $1,595.2 million from $1,266.6 million at year-end 2024, and inventories rose to $1,158.3 million. Cash and cash equivalents were $263.8 million at September 30, 2025, and $489.0 million was available under the revolving credit facility, with $749.3 million of total debt outstanding. The company raised its fiscal 2025 outlook: net sales growth of 15.0% to 15.5%, Adjusted Net Income per diluted share of $5.05 to $5.15, and Adjusted EBITDA of $1,115 million to $1,125 million. The filing also notes that the company reported material weaknesses in internal control over financial reporting as of December 31, 2024, and that remediation is ongoing and not yet complete.

Nov 6, 2025 8-K

SharkNinja 8-K Report (Aug 28, 2025)

SharkNinja, Inc. disclosed that Chief Financial Officer Patraic Reagan notified the company on August 26, 2025 of his decision to resign, effective September 5, 2025. The filing states that his resignation is not the result of any dispute or disagreement with the company or its Board of Directors, including matters related to operations, policies, accounting practices, or financial reporting. On August 27, 2025, the Board appointed Adam Quigley as interim CFO, effective immediately upon Mr. Reagan's departure. Mr. Quigley has been with the company since 2015 and has served as SVP Finance – Global Business Planning since September 2024. Previously, he was SVP Finance – Global FP&A, Strategic Finance from June 2022 to September 2024, and VP Finance – FP&A from December 2019 to June 2022. The report is furnished under Form 6-K and states that its contents are incorporated by reference into the company's Form F-3ASR registration statement and its Form S-8 registration statements.

Aug 28, 2025 8-K

SharkNinja 8-K Report (Aug 22, 2025)

SharkNinja, Inc. filed this Form 6-K on August 22, 2025 to report an underwriting agreement dated August 20, 2025 with J.P. Morgan Securities LLC and BofA Securities, Inc. as underwriters. Under the agreement, JS&W Global Holding Limited Partnership and JS&W Capital Holding Limited Partnership, as Selling Shareholders, agreed to sell an aggregate of 5,500,000 ordinary shares at an offering price of $116.00 per share, less underwriting discounts and commissions. The underwriters also received a 30-day option to purchase up to an additional 825,000 ordinary shares. The offering closed on August 22, 2025, and was made under an effective shelf registration statement on Form F-3ASR (Registration No. 333-289729). The company will not receive any proceeds from the sale, since all shares are being sold by the Selling Shareholders. The filing describes customary representations, warranties, covenants, indemnification and termination provisions. The filing also states that the underwriters' purchase price per share is $115.50, and that the Selling Shareholders are subject to customary lock-up arrangements, with directors and officers subject to a 60-day period and the Selling Stockholders and Chairperson of the Board subject to a 120-day period, under the lock-up agreement form attached as Annex I. The filing also includes an opinion of Maples and Calder (Cayman) LLP on Cayman Islands law regarding the validity and fully paid, non-assessable status of the shares, and a consent to its use. The Exhibit 5.1 opinion references a registration under Rule 462(b) covering 6,325,000 ordinary shares, including the 825,000 optional shares. The filing does not disclose new operating results or financial guidance.

Aug 22, 2025 8-K

SharkNinja 8-K Report (Aug 7, 2025)

SharkNinja, Inc. furnished its Form 6-K on August 7, 2025 to report results for the second quarter ended June 30, 2025. Net sales rose 15.7% to $1,444.9 million from $1,248.7 million a year earlier, or 13.8% on a constant currency basis. Growth came from Food Preparation Appliances (up 52.8%, driven by the SLUSHi frozen drink line), Beauty and Home Environment Appliances (up 25.0%) and Cleaning Appliances (up 7.6%), partly offset by a 3.6% decline in Cooking and Beverage Appliances. Gross margin improved 90 basis points to 49.0%, and operating income rose 62.4% to $168.6 million. Net income more than doubled to $139.6 million, or $0.98 per diluted share, from $68.0 million. Adjusted EBITDA rose 33.2% to $223.4 million, or 15.5% of net sales. Balance sheet and cash flow were weaker. Cash and cash equivalents fell to $188.2 million from $363.7 million at December 31, 2024. Inventories rose 25.2% year over year to $1,052.7 million, and net cash used in operating activities was $63.9 million for the six months, compared with $19.9 million a year earlier. Total debt, excluding deferred financing costs, was $759.4 million, and $489.1 million was available under the revolving credit facility. The filing also reports material weaknesses in internal control over financial reporting as of December 31, 2024, which remain under remediation. Management raised its fiscal 2025 outlook. It now expects net sales to grow 13% to 15%, up from the prior 11% to 13%, and Adjusted Net Income per diluted share of $5.00 to $5.10, up from $4.90 to $5.00. Adjusted EBITDA guidance rose to $1,100 million to $1,120 million, and capital expenditures are expected at $180 million to $200 million.

Aug 7, 2025 8-K

SharkNinja 8-K Report (Jun 20, 2025)

SharkNinja, Inc. filed a Form 6-K on June 20, 2025 reporting the results of its 2025 Annual General Meeting of Shareholders, held in person at 89 A St., Needham, MA and virtually. As of the April 28, 2025 record date, 141,041,197 Ordinary Shares were issued and outstanding and entitled to vote, and 119,722,726 shares, representing 84.88% of the votes, were present in person, virtually, or by proxy. Two matters were acted upon, and both were approved by shareholders. Shareholders re-appointed all seven director nominees: Mark Barrocas, Kathryn J. Barton, Peter Feld, Chi Kin Max Hui, Dennis Paul, Barney Tianhao Wang, and Timothy R. Warner. Support varied across nominees. Barney Tianhao Wang received the most votes against (6,845,958), and Chi Kin Max Hui received 3,632,712 votes against, while the remaining nominees received fewer against votes. Shareholders also ratified the appointment of Ernst & Young LLP as the independent registered accounting firm for the fiscal year ending December 31, 2025, with 119,358,369 votes for, 349,895 against, and 14,462 abstentions. The filing does not contain financial performance results.

Jun 20, 2025 8-K

SharkNinja 8-K Report (May 9, 2025)

SharkNinja, Inc. filed a Form 6-K on May 9, 2025 furnishing its notice of the 2025 annual general meeting of shareholders, to be held June 20, 2025 at 8:00 a.m. Eastern Time at its Needham, MA offices and virtually. The filing is a governance document rather than a financial report: it contains no earnings, revenue, or balance sheet figures. The record date for voting is April 28, 2025, when 141,041,197 Ordinary Shares were issued and outstanding. Each share carries one vote, and a quorum requires shareholders holding at least one-third of the voting share capital. Shareholders are asked to vote on two ordinary resolutions. Proposal 1 is the re-appointment of seven directors: Mark Barrocas, Kathryn J. Barton, Peter Feld, Chi Kin Max Hui, Dennis Paul, Barney Tianhao Wang, and Timothy R. Warner, each serving until the 2026 annual meeting. Proposal 2 is ratification of Ernst & Young LLP as independent registered public accounting firm for fiscal 2025. The Board recommends voting "FOR" both proposals. Proxies must be received by 11:59 p.m. Eastern Time on June 19, 2025. The filing also states that the company's 2024 Annual Report on Form 20-F was filed with the SEC on March 31, 2025, and that CJ Xuning Wang, who holds at least 30% of the company's shares, has appointed himself as a director and Chairperson of the Board without a shareholder vote.

May 9, 2025 8-K

SharkNinja 8-K Report (May 8, 2025)

SharkNinja, Inc. furnished its first quarter 2025 results on Form 6-K, reporting net sales of $1,222.6 million, up 14.7% from $1,066.2 million a year earlier, with growth in all four product categories. Food Preparation Appliances led at 45.0% growth to $297.4 million, while Cleaning Appliances rose 4.6% to $441.4 million. Gross margin was 49.3% versus 49.4%, and operating income declined to $144.9 million from $154.9 million as operating expenses rose 23.3%, led by sales and marketing up 28.5%. Net income increased 7.5% to $117.8 million, but Adjusted Net Income fell 16.7% to $123.8 million and Adjusted EBITDA fell 13.1% to $200.4 million, or 16.4% of net sales versus 21.6% a year earlier. The balance sheet and cash flow show pressure on liquidity during the quarter. Cash and cash equivalents fell to $224.7 million from $363.7 million at year-end 2024, and net cash used in operating activities was $54.9 million, compared with $43.9 million provided in the prior-year quarter. Inventories rose to $973.2 million, and the company had $489.0 million available under its revolving credit facility. Total debt, excluding deferred financing costs, was $769.5 million. The filing also raised the fiscal 2025 outlook: net sales growth of 11% to 13% (previously 10% to 12%), Adjusted Net Income per diluted share of $4.90 to $5.00 (previously $4.80 to $4.90), and Adjusted EBITDA of $1,090 million to $1,110 million (previously $1,070 million to $1,090 million). The company also disclosed a voluntary recall of the Ninja Foodi OP300 series pressure cooker, with a recorded recall liability of $3.6 million, and reported material weaknesses in internal control over financial reporting as of December 31, 2024 that remain under remediation.

May 8, 2025 10-K

SharkNinja Annual Report, Year Ended Dec 31, 2024

SharkNinja, Inc. (NYSE: SN) reported net sales of $5.53 billion for the year ended December 31, 2024, up 30.0% from $4.25 billion in 2023, with growth across all four product categories. Gross margin rose to 48.1% from 44.9%, and operating income increased to $644.2 million from $373.6 million. Net income was $438.7 million, or $3.11 per diluted share, compared with $167.1 million, or $1.20 per diluted share, in 2023. Adjusted EBITDA was $951.1 million, a 17.2% margin on Adjusted Net Sales of $5.53 billion, as reconciled in the filing's non-GAAP tables. The company ended 2024 with cash and cash equivalents of $363.7 million, $779.6 million of debt outstanding under its 2023 Credit Agreement, and $488.9 million available under its revolving facility. Operating cash flow was $446.6 million. Net cash used in investing activities was $151.2 million, mainly for property and equipment purchases of $137.7 million. The filing also discloses material weaknesses in internal control over financial reporting as of December 31, 2024, spanning control environment, IT general controls, revenue and receivables, inventory, purchasing, and the financial close. Ernst & Young issued an adverse opinion on internal control while giving an unqualified opinion on the financial statements. Mr. Xuning Wang, the Chairperson, controls approximately 48.0% of voting power, and the company is no longer a controlled company under NYSE rules. Its largest customer accounted for 23.1% of 2024 net sales, and the company is a foreign private issuer filing on Form 20-F.

Mar 31, 2025 8-K

SharkNinja 8-K Report (Feb 13, 2025)

SharkNinja, Inc. reported fourth-quarter and full-year 2024 results on February 13, 2025, furnished as Exhibit 99.1 to this Form 6-K. For the year ended December 31, 2024, net sales increased 30.0% to $5,528.6 million, and Adjusted Net Sales increased 32.4% to $5,528.6 million. Operating income rose 72.4% to $644.2 million, net income increased 162.6% to $438.7 million, and diluted EPS was $3.11 versus $1.20. Adjusted Net Income increased 37.2% to $616.2 million, or $4.37 per diluted share, and Adjusted EBITDA increased 32.2% to $951.1 million, or 17.2% of Adjusted Net Sales. Growth was led by Food Preparation Appliances, which rose 80.3% on a reported basis, with all four product categories growing. Gross margin expanded 320 basis points to 48.1%, supported by supply chain optimization, sourcing and costing, regional expansion, and foreign exchange benefit. Fourth-quarter 2024 net sales increased 29.7% to $1,787.2 million, and net income increased 161.0% to $128.7 million, or $0.91 per diluted share. Sales and marketing expenses rose 38.5% for the full year to $1,243.1 million, or 22.5% of net sales, reflecting higher advertising and direct-to-consumer delivery costs. Cash and cash equivalents rose to $363.7 million from $154.1 million, and operating cash flow was $446.6 million for 2024, compared with $280.6 million in 2023. Total debt, excluding unamortized deferred financing costs, was $779.6 million, down from $804.9 million. For fiscal 2025, the company expects net sales to increase 10.0% to 12.0%, Adjusted Net Income per diluted share of $4.80 to $4.90, Adjusted EBITDA of $1,070 million to $1,090 million, a GAAP effective tax rate of approximately 24% to 25%, and capital expenditures of $180 million to $200 million. The outlook includes the impact of an additional 10% tariff on imports from China announced February 1, 2025.

Feb 13, 2025 8-K

SharkNinja 8-K Report (Oct 31, 2024)

SharkNinja, Inc. furnished its third-quarter 2024 results for the period ended September 30, 2024, in a Form 6-K dated October 31, 2024. Net sales rose 33.2% to $1,426.6 million, and Adjusted Net Sales rose 34.9% to $1,426.6 million. Gross margin increased 320 basis points to 48.7% of net sales, and operating income increased 90.7% to $180.3 million. Net income was $132.3 million, up 606.8%, or $0.94 per diluted share. Adjusted Net Income increased 28.2% to $170.5 million, or $1.21 per diluted share, and Adjusted EBITDA increased 25.7% to $262.4 million, or 18.4% of Adjusted Net Sales. For the nine months ended September 30, 2024, net sales increased 30.1% to $3,741.5 million and net income was $310.0 million. Growth was broad across the four product categories, led by Food Preparation Appliances, which rose 73.5% in the quarter. Cash and cash equivalents declined to $127.9 million, while inventories rose 53.8% to $1,076.2 million and total debt, excluding deferred financing costs, was $964.8 million. Net cash used in operating activities was $43.0 million for the nine months. The company had $315.9 million available under its revolving credit facility. For fiscal 2024, SharkNinja raised its outlook on key metrics. It now expects net sales to increase 25% to 26%, versus the prior expectation of 20% to 22%, and Adjusted Net Income per diluted share of $4.13 to $4.24. It also expects Adjusted EBITDA of $925 million to $945 million and capital expenditures of $160 million to $180 million. Sales and marketing expense rose 44.9% in the quarter, reflecting advertising and delivery costs, and general and administrative expense included a $13.5 million legal settlement reserve related to patent infringement claims.

Oct 31, 2024 8-K

SharkNinja 8-K Report (Aug 8, 2024)

SharkNinja, Inc. furnished its second-quarter 2024 results on Form 6-K dated August 8, 2024. For the three months ended June 30, 2024, net sales rose 31.4% to $1,248.7 million from $950.3 million, and net income rose to $68.0 million from $11.9 million, or $0.48 per diluted share versus $0.09. Gross margin expanded to 48.1% from 41.8% of net sales, while operating expenses grew 45.6% to $497.1 million, led by sales and marketing spending of $303.2 million. Adjusted EBITDA reached $167.7 million, or 13.4% of Adjusted Net Sales, compared with $113.6 million in the prior-year quarter. For the six months ended June 30, 2024, net sales were $2,314.9 million, up 28.2%, and net income was $177.7 million. Operating cash flow was negative $19.9 million, compared with positive $200.4 million a year earlier, as inventories rose to $840.5 million and accounts receivable to $1,080.1 million. Cash and cash equivalents fell to $138.1 million, and total debt, excluding deferred financing costs, was $909.8 million after $115.0 million of revolving credit draws. Management raised its fiscal 2024 outlook on key metrics. Net sales are now expected to increase 20% to 22%, up from the prior 10% to 12% expectation, and Adjusted Net Income per diluted share is now expected between $4.05 and $4.21, up from $3.66 to $3.82. Adjusted EBITDA is now expected between $910 million and $940 million, up from $840 million to $870 million, and capital expenditures are expected at $160 million to $180 million.

Aug 8, 2024 8-K

SharkNinja 8-K Report (Jul 19, 2024)

SharkNinja, Inc. filed this Form 6-K to report the results of its 2024 Annual General Meeting of Shareholders, held on July 19, 2024 in Needham, Massachusetts and virtually. As of the May 13, 2024 record date, 139,936,246 ordinary shares were outstanding and entitled to vote. Holders of 113,539,022 shares, representing 81.13% of the votes, were present in person, virtually, or by proxy. Shareholders acted on two items, and both were approved. First, shareholders re-appointed all seven director nominees: Mark Barrocas, Kathryn Barton, Peter Feld, Chi Kin Max Hui, Dennis Paul, Tianhao (Barney) Wang, and Timothy R. Warner. Each nominee received a large majority of votes cast FOR. Shareholders also ratified Ernst & Young LLP as the independent registered accounting firm for the fiscal year ending December 31, 2024, with 112,868,669 votes FOR, 642,575 AGAINST, and 27,778 ABSTAIN. Following the meeting, Kathryn Barton became chair of the audit committee and the audit committee financial expert, and Tianhao (Barney) Wang joined the compensation committee. The company disclosed that, as a Cayman Islands company listed on the NYSE, it relies on an exemption from NYSE Section 303A.05, which generally requires a compensation committee composed entirely of independent directors. Otherwise, it states its governance practices do not differ significantly from NYSE requirements for U.S. domestic companies.

Jul 19, 2024 8-K

SharkNinja 8-K Report (Jun 7, 2024)

SharkNinja, Inc. filed a Form 6-K on June 7, 2024 to furnish its notice of the 2024 annual general meeting of shareholders and proxy materials. The meeting is scheduled for July 19, 2024 at 8:00 a.m. Eastern Time, held both at the company's offices at 89 A Street, Needham, MA and virtually. The record date is May 13, 2024, when 139,936,246 ordinary shares were issued and outstanding. The filing discloses no financial results, and it refers to the Form 20-F for fiscal year 2023, filed March 1, 2024, as the source of annual financial information. Shareholders are asked to vote on two ordinary resolutions. The first is to appoint Kathryn Barton and Tianhao (Barney) Wang as directors and re-appoint Mark Barrocas, Peter Feld, Chi Kin Max Hui, Dennis Paul and Timothy R. Warner. CJ Xuning Wang, who has the right to appoint one director while he and his affiliates hold at least 30% of shares, has appointed himself as director and Chairperson without a shareholder vote. The second is to ratify Ernst & Young LLP as independent registered public accounting firm for fiscal 2024. The board recommends voting "FOR" both proposals. Proxies must be received by 11:59 p.m. Eastern Time on July 18, 2024. The filing also notes that SharkNinja is a foreign private issuer that voluntarily provides a proxy statement, and that the board would have eight directors if Barton and Wang are approved. Mark Barrocas, who is nominated for re-appointment, is listed as CEO since 2023 and President since 2008.

Jun 7, 2024 8-K

SharkNinja 8-K Report (May 9, 2024)

SharkNinja, Inc. furnished this Form 6-K on May 9, 2024 to report its financial results for the first quarter ended March 31, 2024. The filing includes unaudited condensed consolidated interim financial statements (Exhibit 99.1), a Management's Discussion and Analysis (Exhibit 99.2), and a press release dated May 9, 2024 (Exhibit 99.3). Net sales rose 24.7% to $1,066.2 million from $855.3 million, and net income increased 25.9% to $109.6 million, or $0.78 per diluted share. Gross margin expanded 260 basis points to 49.4%, which management attributed to continued supply chain tailwinds and cost optimization efforts. Adjusted EBITDA increased 29.5% to $230.5 million, or 21.6% of Adjusted Net Sales. Operating expenses grew faster than sales, with sales and marketing up 41.1% to $214.6 million, driven largely by advertising and delivery costs, and general and administrative expenses up 30.5% to $87.5 million, including a $12.8 million increase in share-based compensation. Cash flow from operations was $43.9 million, compared with $89.8 million a year earlier, and cash and cash equivalents fell to $131.9 million. Total debt, excluding deferred financing costs, was $799.9 million, and the company reported $490.2 million of available capacity under its revolving credit facility as of March 31, 2024. Management raised its fiscal 2024 outlook, now expecting net sales growth of 10.0% to 12.0%, Adjusted Net Sales growth of 12.0% to 14.0%, Adjusted Net Income per diluted share of $3.66 to $3.82, and Adjusted EBITDA of $840 million to $870 million. Investors should note that several key figures, including Adjusted Net Income and Adjusted EBITDA, are non-GAAP measures that exclude share-based compensation, litigation costs, transaction costs, and other items.

May 9, 2024 8-K

SharkNinja 8-K Report (Mar 28, 2024)

SharkNinja, Inc. furnished a Form 6-K for March 2024 that attaches a press release announcing the appointment of Patraic Reagan as Chief Financial Officer, effective April 22, 2024. Reagan will oversee the company's global finance organization, including financial planning and analysis, accounting, treasury, tax, internal audit, and investor relations. He most recently served as Chief Financial Officer of Nike Inc.'s Asia, Pacific, and Latin America segment and spent a 13-year career at Nike, with earlier finance roles at Coach Inc. (now Tapestry Inc), Polo Ralph Lauren Corporation, Kraft Foods and Chiquita Brands International. Larry Flynn, who has served as Interim Chief Financial Officer since June 2023, will continue as Chief Accounting Officer. CEO Mark Barrocas praised Reagan's track record of driving profitable growth and international experience, and thanked Flynn for his leadership as a newly public company. The filing is a leadership transition announcement and contains no financial results, guidance, or quantitative performance figures. Reagan will be based at the company's headquarters in Needham, Massachusetts and will join the executive leadership team.

Mar 28, 2024 10-K

SharkNinja Annual Report, Year Ended Dec 31, 2023

SharkNinja, Inc. (NYSE: SN) filed its annual report on Form 20-F for the fiscal year ended December 31, 2023, following its separation from JS Global Lifestyle Company Limited, which completed on July 30, 2023. Net sales rose 14.4% to $4.25 billion in 2023 from $3.72 billion in 2022, driven by Cooking and Beverage Appliances (up 33.7%), Food Preparation Appliances (up 10.7%) and Other (up 190.8%, mainly beauty and air purifiers), partly offset by a 5.8% decline in Cleaning Appliances. Gross margin rose to 44.9% from 37.9%, but net income fell to $167.1 million from $232.4 million, and diluted EPS was $1.20 versus $1.67. Operating income increased to $373.6 million from $321.4 million, while sales and marketing expense grew 44.3% and general and administrative expense grew 54.2%, the latter including $79.4 million of separation and secondary offering costs. Non-GAAP Adjusted EBITDA was $719.7 million, or a 17.2% Adjusted EBITDA margin, compared with $519.6 million in 2022. The balance sheet shows $154.1 million of cash and cash equivalents and $804.9 million of debt outstanding under a July 2023 credit agreement, with $490.2 million available under the $500.0 million revolving facility. Operating cash flow was $280.6 million, and capital expenditures were $122.7 million. The company paid a $1.08 per share special dividend totaling $150.2 million in December 2023. Chairperson CJ Xuning Wang controls approximately 54.6% of voting power. Management disclosed a material weakness in internal control over financial reporting related to the financial statement close process, including IT general controls, which remained unremediated at year end.

Mar 1, 2024 8-K

SharkNinja 8-K Report (Feb 15, 2024)

SharkNinja, Inc. furnished a Form 6-K reporting its fourth-quarter and full-year 2023 results, announced February 15, 2024, through Exhibit 99.1. For full-year 2023, net sales increased 14.4% to $4,253.7 million and Adjusted Net Sales increased 15.4% to $4,176.2 million. Operating income rose 16.2% to $373.6 million, while net income decreased 28.1% to $167.1 million. Adjusted Net Income increased 36.0% to $449.3 million, and Adjusted EBITDA increased 38.5% to $719.7 million, or 17.2% of Adjusted Net Sales. Gross margin increased 700 basis points to 44.9% of net sales for the year. Fourth-quarter 2023 net sales increased 16.5% to $1,377.5 million, with growth led by Cooking and Beverage Appliances (up 31.5%) and the Other category (up 165.6%, driven by haircare and air purifiers). Cleaning Appliances declined 6.7% on softness in North American demand for corded and cordless vacuums. Fourth-quarter net income rose 5.8% to $49.3 million, but results were affected by $32.2 million in shareholder-funded executive bonuses and higher sales and marketing and general and administrative expenses, including costs tied to the separation from JS Global. For fiscal 2024, management expects net sales to increase 5.0% to 7.0% and Adjusted Net Sales to increase 7.0% to 9.0%. It guided to Adjusted Net Income per diluted share of $3.45 to $3.61 and Adjusted EBITDA of $800 million to $830 million. Total debt rose to $804.9 million from $437.5 million at year-end 2022, reflecting a new credit facility with an $810.0 million term loan and a $500.0 million revolving facility entered into in connection with the JS Global separation.

Feb 15, 2024 8-K

SharkNinja 8-K Report (Nov 9, 2023)

SharkNinja, Inc. (NYSE: SN) furnished its Form 6-K on November 9, 2023 to report unaudited financial results for the third quarter ended September 30, 2023. Net sales rose 13.1% to $1,070.6 million, and Adjusted Net Sales rose 14.6% to $1,057.4 million. Gross margin increased 920 basis points to 45.5%, but net income fell 76.7% to $18.7 million, or $0.13 per diluted share, driven by $41.5 million of separation and distribution costs from JS Global in general and administrative expenses. Adjusted Net Income increased 34.0% to $133.0 million, and Adjusted EBITDA increased 38.4% to $208.7 million, or 19.7% of Adjusted Net Sales. Sales and marketing expense rose 55.9% to $207.6 million, reflecting higher advertising and delivery costs. The balance sheet shows total debt of $810.0 million under the 2023 Credit Agreement, up from $437.5 million at December 31, 2022, following the July 2023 refinancing. Cash and cash equivalents were $170.4 million, and inventories increased 44.4% to $792.2 million, which the company attributed to holiday-season demand planning. Management also approved a special cash dividend of $1.08 per share, or approximately $150 million, payable around December 11, 2023, to be funded from cash on hand. The filing raises the fiscal 2023 outlook, projecting net sales growth of 11.5% to 12.5% and Adjusted EBITDA of $690 million to $705 million. The company also disclosed material weaknesses in internal control over financial reporting related to non-routine and complex transactions and the financial statement close process, which it expects to make significant progress on remediating within fiscal 2023.

Nov 9, 2023 8-K

SharkNinja 8-K Report (Aug 24, 2023)

SharkNinja, Inc. (NYSE: SN) furnished this Form 6-K on August 24, 2023 to report second-quarter 2023 results for SharkNinja Global SPV, Ltd., the operating business that the company describes as a combination of wholly-owned businesses of JS Global Lifestyle Company Limited. Net sales rose 22.1% to $950.3 million for the three months ended June 30, 2023, with gross profit up 36.2% to $396.9 million and gross margin of 41.8%. However, net income fell 27.6% to $11.9 million, as operating expenses grew 33.6% to $341.3 million, including $16.6 million of separation and distribution costs from JS Global, and other expense, net rose to $32.7 million, driven mainly by foreign currency losses. Adjusted Net Income, a non-GAAP measure, increased 40.4% to $65.2 million, and Adjusted EBITDA rose 40.0% to $113.6 million. For the six months ended June 30, 2023, net sales increased 13.7% to $1.81 billion and net income decreased 6.0% to $99.0 million. Cash flow from operations was $200.4 million, versus negative $14.1 million a year earlier. Total debt, excluding deferred financing costs, was $400.0 million at June 30, 2023. In July 2023, the company entered into a new credit agreement providing an $810.0 million term loan and a $500.0 million revolving facility, using the proceeds to repay the remaining 2020 term loans and to fund a $375.0 million special distribution to JS Global. Management's fiscal 2023 outlook calls for net sales growth of 9% to 11%, Adjusted Net Income per diluted share of $2.85 to $3.02, and Adjusted EBITDA of $650 million to $680 million. The company also expects a GAAP effective tax rate of approximately 35% to 36%, which it attributes partly to separation-related withholding taxes and non-deductible costs.

Aug 24, 2023