Total Revenue (USD, thousands)

Cost of Goods Sold (COGS) (USD, thousands)

Selling, General, and Administrative Expenses (SG&A) (USD, thousands)

Research and Development (R&D) (USD, thousands)

Depreciation and Amortization (D&A) (USD, thousands)

Interest Expense (USD, thousands)

Operating Income (EBIT) (USD, thousands)

Net Income (USD, thousands)

Earnings Per Share (EPS) - Basic (USD)

Earnings Per Share (EPS) - Diluted (USD)

5bea8845319cdba1265202cf5b54470dc3d37b5fce1f0252f9235c3ae6575f7d

Current Assets (USD, thousands)

Cash and Cash Equivalents (USD, thousands)

Accounts Receivable (USD, thousands)

Inventory (USD, thousands)

Non-Current Assets (USD, thousands)

Property, Plant, and Equipment (PP&E) (USD, thousands)

Goodwill (USD, thousands)

Intangible Assets (USD, thousands)

Current Liabilities (USD, thousands)

Accounts Payable (USD, thousands)

Short-term Debt (USD, thousands)

Accrued Expenses (USD, thousands)

Non-Current Liabilities (USD, thousands)

Long-term Debt (USD, thousands)

Lease Liabilities (USD, thousands)

Deferred Tax Liabilities (USD, thousands)

Shareholders' Equity (USD, thousands)

Retained Earnings (USD, thousands)

Common Stock (USD, thousands)

Additional Paid-in Capital (USD, thousands)

9cce39fa76c702bf0a2fe0c12989840718fee12c124c1ff05b0feb1967606ca4

Cash and cash equivalents (USD, thousands)

Accounts receivable, net (USD, thousands)

Inventory, net (USD, thousands)

Prepaid expenses and other current assets (USD, thousands)

Total current assets (USD, thousands)

Property and equipment, net (USD, thousands)

Intangible assets, net (USD, thousands)

Other assets (USD, thousands)

Total assets (USD, thousands)

Current portion of long-term debt (USD, thousands)

Accounts payable (USD, thousands)

Accrued expenses and other current liabilities (USD, thousands)

Total current liabilities (USD, thousands)

Long-term debt (USD, thousands)

Deferred tax liabilities (USD, thousands)

Long-term operating lease obligations (USD, thousands)

Other long-term liabilities (USD, thousands)

Total liabilities (USD, thousands)

Common stock (USD, thousands)

Additional paid-in capital (USD, thousands)

Accumulated other comprehensive income (loss) (USD, thousands)

Accumulated deficit (USD, thousands)

Total stockholders' equity (USD, thousands)

Total liabilities and stockholders' equity (USD, thousands)

d7217c9d2ba2e7501b3c3ee3f1abb68ee457273b0686d662437fc2979f80eabd

The documents indicate that **cash levels were lower in Q3 2025** primarily because of a combination of factors. **Increased SG&A expenses**—rising from **$186.1 million in Q2 2025 to $218.2 million in Q3 2025**—suggest that higher marketing, compensation, and operational costs weakened cash reserves. Additionally, the company experienced an **unanticipated foreign currency loss of approximately $7 million**, which likely further reduced cash. Investments in **inventory growth and other expansion initiatives** also contributed to the cash outflows. However, while these factors provide insight, the documents do not offer a detailed breakdown of cash flow activities for Q3 2025.  **[0001600033-25-000006_elf-20241231.htm:4]** **[0001600033-24-000050_elf-20240930.htm:4]** **[0001600033-25-000004_q32025er-991.htm:0]** **[ELF_3414754_6]** 

Why was Cash and cash equivalents so low in Q3 2025?

The dramatic increase in the current portion of long-term debt in Q4 2024 was driven by an increase in total debt—specifically, a new revolving line of credit of **$89,500 thousand** and a significant rise in the term loan from **$66,250 thousand** in 2023 to **$173,375 thousand** in 2024—as well as the reclassification of **$100.3 million** of this debt as current because it became due within the next 12 months.  **[0001600033-24-000020_elf-20240331.htm:125]** 

What drove the dramatic increase in the current portion of long-term debt in Q4 2024?

The **total assets nearly doubled** in FY 2024 because several key asset components experienced substantial increases. In FY 2024, there were significant rises in **goodwill** (from **$171,620 thousand to $340,600 thousand**), **intangible assets, net** (from **$78,041 thousand to $225,094 thousand**), **inventory, net** (from **$81,323 thousand to $191,489 thousand**), **accounts receivable, net** (from **$67,928 thousand to $123,797 thousand**), and **other assets** (from **$34,741 thousand to $72,502 thousand**). These increases reflect business combinations and acquisitions, investments in intellectual property, scaling of inventory to support higher sales, and increased customer receivables, which collectively contributed to the nearly doubled total assets in FY 2024.  **[0001600033-24-000020_elf-20240331.htm:111]** 

Why did Total assets nearly double in FY 2024?

6bb8025d7ce2ce40d59c8b32f4e0d916882a4e4e5dc0eef5a53f5f4d0a296705

Adjustments for Non-Cash Items (USD, thousands)

Stock-Based Compensation (USD, thousands)

Changes in Working Capital (USD, thousands)

Capital Expenditures (CapEx) (USD, thousands)

Proceeds from / Repayments of Debt (USD, thousands)

Share Repurchases (USD, thousands)

Dividend Payments (USD, thousands)

Net Change in Cash (USD, thousands)

48964206f540e4c38eb6424d4f7d71ad806b2cf9d4b7eb38ca45c0e2f000d13b

United States

International

Total Revenue

6f1701d5375ef829d9e3a3a367b866df4121f498d498091d93dbc80e979c6305

Net income (USD, thousands)

Depreciation and amortization (USD, thousands)

Non-cash lease expense (USD, thousands)

Stock-based compensation expense (USD, thousands)

Amortization of debt issuance costs and discount on debt (USD, thousands)

Deferred income taxes (USD, thousands)

Impairment of equity investment (USD, thousands)

Acquisition-related seller expenses (USD, thousands)

Other, net, Adjustments (USD, thousands)

Accounts receivable, Changes in assets and liabilities (USD, thousands)

Inventory, Changes in assets and liabilities (USD, thousands)

Prepaid expenses and other assets, Changes in assets and liabilities (USD, thousands)

Accounts payable and accrued expenses, Changes in assets and liabilities (USD, thousands)

Other liabilities, Changes in assets and liabilities (USD, thousands)

Net cash (used in) provided by operating activities (USD, thousands)

Acquisition, net of cash acquired (USD, thousands)

Purchase of property and equipment (USD, thousands)

Other, net, Investing activities (USD, thousands)

Net cash used in investing activities (USD, thousands)

Proceeds from revolving line of credit (USD, thousands)

Proceeds from long-term debt (USD, thousands)

Repayment of long-term debt (USD, thousands)

Debt issuance costs paid (USD, thousands)

Repurchase of common stock (USD, thousands)

Proceeds from exercise of stock options (USD, thousands)

Other, net, Financing activities (USD, thousands)

Net cash (used in) provided by financing activities (USD, thousands)

Effect of exchange rate changes on cash, cash equivalents and restricted cash (USD, thousands)

Net decrease in cash, cash equivalents and restricted cash (USD, thousands)

Net (decrease) increase in cash and cash equivalents (USD, thousands)

Cash, cash equivalents and restricted cash - beginning of period (USD, thousands)

Cash, cash equivalents and restricted cash - end of period (USD, thousands)

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Net sales (USD, thousands)

Cost of sales (USD, thousands)

Gross profit (USD, thousands)

Selling, general and administrative expenses (USD, thousands)

Operating income (USD, thousands)

Other (expense) income, net (USD, thousands)

Interest expense, net (USD, thousands)

Income before provision for income taxes (USD, thousands)

Income tax provision (USD, thousands)

cd96eed1808c0aa12bc22fce807324760f162a993a5a5e2e471214386100c010

elf Beauty Inc (ELF)

Financials