$ELF

e.l.f. Beauty, Inc.

CIK:0001600033|SEC Filings

Condensed consolidated statements of operations - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Income Statement [Abstract]
Net sales	$ 479,373	$ 353,739
Cost of sales	80,533	109,198
Gross profit	398,840	244,541
Selling, general and administrative expenses	280,319	195,832
Change in fair value of contingent consideration	16,080	0
Operating income	102,441	48,709
Other (expense) income, net	(331)	5,037
Interest expense, net	(7,808)	(2,632)
Income before provision for income taxes	94,302	51,114
Income tax provision	(27,703)	(17,803)
Net income	$ 66,599	$ 33,311
Net income per share:
Basic (in USD per share)	$ 1.13	$ 0.59
Diluted (in USD per share)	$ 1.12	$ 0.58
Weighted average shares outstanding:
Basic (in shares)	59,144,587	56,328,483
Diluted (in shares)	59,727,575	57,675,035

Condensed consolidated statements of cash flows - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Cash flows from operating activities:
Net income	$ 66,599	$ 33,311
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	26,101	13,192
Non-cash lease expense	3,196	2,843
Stock-based compensation expense	19,677	9,868
Amortization of debt issuance costs and discount on debt	473	134
Deferred income taxes	1,782	14,216
Change in fair value of contingent consideration	16,080	0
Other, net	2	911
Changes in operating assets and liabilities:
Accounts receivable	198	(46,170)
Inventory	(26,524)	18,684
Prepaid expenses and other assets	8,202	(16,332)
Accounts payable and accrued expenses	(2,429)	(1,542)
Other liabilities	(1,692)	(1,882)
Net cash provided by operating activities	111,665	27,233
Cash flows from investing activities:
Purchase of property and equipment	(1,431)	(7,095)
Other, net	(240)	(464)
Net cash used in investing activities	(1,671)	(7,559)
Cash flows from financing activities:
Repayment of long-term debt	(7,500)	0
Repurchase of common stock	(49,982)	0
Cash received from issuance of common stock	2,022	121
Net cash (used in) provided by financing activities	(55,460)	121
Effect of exchange rate changes on cash and cash equivalents	22	1,542
Net increase in cash and cash equivalents	54,556	21,337
Cash and cash equivalents - beginning of period	289,685	148,692
Cash and cash equivalents - end of period	$ 344,241	$ 170,029

Condensed consolidated balance sheets - USD ($) $ in Thousands	Jun. 30, 2026	Mar. 31, 2026	Jun. 30, 2025
Current assets:
Cash and cash equivalents	$ 344,241	$ 289,685	$ 170,029
Accounts receivable, net	174,529	174,644	173,352
Inventory, net	246,814	220,246	170,379
Prepaid expenses and other current assets	94,257	104,792	88,766
Total current assets	859,841	789,367	602,526
Property and equipment, net	39,692	41,496	39,182
Intangible assets, net	541,976	553,110	203,348
Goodwill	853,475	853,475	340,582
Other assets	165,665	156,710	129,258
Total assets	2,460,649	2,394,158	1,314,896
Current liabilities:
Current portion of long-term debt	30,000	30,000	0
Current portion of contingent consideration	28,240	26,227	0
Accounts payable	95,918	97,467	74,603
Accrued expenses and other current liabilities	183,498	182,470	110,136
Total current liabilities	337,656	336,164	184,739
Long-term portion of debt	801,996	809,348	256,676
Long-term contingent consideration	52,589	38,522	0
Deferred tax liabilities	6,208	6,197	17,009
Long-term operating lease obligations	89,659	69,928	50,351
Other long-term liabilities	3,651	3,469	1,269
Total liabilities	1,291,759	1,263,628	510,044
Commitments and contingencies (Note 7)
Stockholders' equity:
Common stock, par value of $0.01 per share; 250,000,000 shares authorized as of June 30, 2026, March 31, 2026 and June 30, 2025; 58,936,996, 59,089,708 and 56,734,903 shares issued and outstanding as of June 30, 2026, March 31, 2026 and June 30, 2025, respectively	589	590	566
Additional paid-in capital	1,256,706	1,284,987	952,015
Accumulated other comprehensive income	925	882	1,207
Accumulated deficit	(89,330)	(155,929)	(148,936)
Total stockholders' equity	1,168,890	1,130,530	804,852
Total liabilities and stockholders' equity	$ 2,460,649	$ 2,394,158	$ 1,314,896