Cadre Holdings Inc (CDRE) financial statements: income statement, balance sheet and cash flow
Cadre Holdings Inc's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Cadre Holdings Inc reported revenue of $610.3M (+7.5% year on year) and net income of $44.1M (+22.2% year on year).
Income statement
Cadre Holdings Inc income statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Net sales
$610.3M
$567.6M
$482.5M
$457.8M
Cost of goods sold
$350.7M
$334.1M
$281.8M
$282.2M
Gross profit
$259.6M
$233.5M
$200.7M
$175.7M
Selling, general and administrative
$183.1M
$158.3M
$140.5M
$153.3M
Restructuring and transaction costs
$7.7M
$6.0M
$2.2M
$4.4M
Related party expense
$1.5M
$2.4M
$1.5M
$1.5M
Total operating expenses
$192.3M
$166.7M
$144.2M
$159.0M
Operating income
$67.4M
$66.8M
$56.5M
$16.7M
Interest expense, net
($12.5M)
—
—
—
Other income (expense), net
$7.5M
($4.7M)
$936.0K
($1.1M)
Total other expense, net
($5.0M)
($12.5M)
($3.6M)
($7.3M)
Income before provision for income taxes
$62.3M
$54.2M
$52.9M
$9.4M
Provision for income taxes
($18.2M)
($18.1M)
($14.3M)
($3.6M)
Net income
$44.1M
$36.1M
$38.6M
$5.8M
Basic
$1.08
$0.90
$1.03
$0.16
Diluted
$1.02
$0.90
$1.02
$0.16
Basic
40.9M
39.9M
37.5M
36.1M
Diluted
43.4M
40.3M
37.9M
36.1M
Unrealized holding (losses) gains on derivative instruments, net of tax
($284.0K)
$1.5M
$775.0K
$6.4M
Reclassification adjustments for gains included in net income, net of tax
($2.6M)
($3.3M)
($3.2M)
($618.0K)
Total unrealized loss on derivative instruments, net of tax
($2.9M)
($1.8M)
($2.4M)
$5.8M
Foreign currency translation adjustments, net of tax
$4.8M
($269.0K)
$929.0K
($1.8M)
Other comprehensive income (loss)
$1.8M
($2.0M)
($1.5M)
$4.0M
Comprehensive income, net of tax
$46.0M
$34.1M
$37.2M
$9.8M
Cadre Holdings Inc income statement, quarters
Line item
Jun 30, 2026 · Q2
Mar 31, 2026 · Q1
Sep 30, 2025 · Q3
Jun 30, 2025 · Q2
Net sales
$207.1M
$155.4M
$155.9M
$157.1M
Cost of goods sold
$120.0M
$95.3M
$89.2M
$92.9M
Gross profit
$87.1M
$60.2M
$66.6M
$64.2M
Selling, general and administrative
$63.2M
$48.8M
$45.6M
$45.1M
Restructuring and transaction costs
$1.5M
$1.8M
$2.2M
$3.3M
Total operating expenses
$64.7M
$52.7M
$48.0M
$49.6M
Operating income
$22.5M
$7.5M
$18.7M
$14.7M
Interest expense, net
($5.0M)
($4.3M)
($3.0M)
—
Other (expense) income, net
($529.0K)
($389.0K)
($802.0K)
$6.1M
Total other expense, net
($5.5M)
($4.7M)
($3.8M)
$2.5M
Income before provision for income taxes
$16.9M
$2.8M
$14.8M
$17.2M
Provision for income taxes
($5.5M)
($856.0K)
($3.9M)
($5.0M)
Net income
$11.4M
$2.0M
$10.9M
$12.2M
Basic
$0.27
$0.05
$0.27
$0.30
Diluted
$0.26
$0.05
$0.27
$0.30
Basic
42.8M
42.6M
40.7M
40.7M
Diluted
43.4M
43.4M
41.0M
40.9M
Unrealized holding gains (losses) on derivative instruments, net of tax
$1.6M
$985.0K
$107.0K
($87.0K)
Reclassification adjustments for gains included in net income, net of tax
($459.0K)
($497.0K)
($1.0M)
($597.0K)
Total unrealized gain (loss) on derivative instruments, net of tax
$1.1M
$488.0K
($905.0K)
($684.0K)
Foreign currency translation adjustments, net of tax
($1.1M)
($3.2M)
($1.1M)
$4.8M
Other comprehensive income (loss)
$60.0K
($2.7M)
($2.0M)
$4.1M
Comprehensive income, net of tax
$11.5M
($733.0K)
$9.0M
$16.3M
Balance sheet
Cadre Holdings Inc balance sheet, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Cash and cash equivalents
$122.9M
$124.9M
$87.7M
$45.3M
Restricted cash
$2.4M
—
—
—
Accounts receivable, net
$110.6M
$93.5M
$58.4M
$64.6M
Inventories
$100.3M
$82.4M
$81.0M
$70.3M
Prepaid expenses
$14.6M
$19.0M
$11.9M
$10.1M
Other current assets
$15.1M
$7.7M
$6.9M
$6.8M
Total current assets
$365.9M
$327.6M
$245.8M
$197.0M
Property and equipment, net
$78.8M
$45.2M
$44.6M
$45.3M
Operating lease assets
$19.8M
$15.5M
$6.6M
$8.5M
Deferred tax assets, net
$4.8M
$4.6M
$4.0M
$2.3M
Intangible assets, net
$115.0M
$107.5M
$43.5M
$50.7M
Goodwill
$181.4M
$148.2M
$81.7M
$81.6M
Other assets
$4.4M
$4.2M
$5.0M
$6.6M
Total assets
$770.0M
$652.7M
$431.2M
$392.0M
Accounts payable
$22.3M
$29.6M
$28.4M
$23.4M
Accrued liabilities
$61.1M
$46.4M
$44.5M
$38.7M
Income tax payable
$4.8M
$6.7M
$9.9M
$4.6M
Current portion of long-term debt
$16.3M
$11.4M
$12.3M
$12.2M
Total current liabilities
$104.5M
$94.1M
$95.2M
$78.9M
Long-term debt
$291.0M
$211.8M
$127.8M
$137.5M
Long-term operating lease liabilities
$15.0M
$10.7M
$3.2M
$5.0M
Deferred tax liabilities
$30.1M
$18.8M
$4.8M
$3.5M
Other liabilities
$11.6M
$5.8M
$3.0M
$1.2M
Total liabilities
$452.2M
$341.2M
$234.0M
$226.1M
Common stock ($0.0001 par value, 190,000,000 shares authorized, 42,160,656 and 40,607,988 shares issued and outstanding as of December 31, 2025 and December 31, 2024, respectively)
4.0K
4.0K
4.0K
4.0K
Additional paid-in capital
$282.6M
$306.8M
$212.6M
$206.5M
Accumulated other comprehensive income (loss)
$460.0K
($1.4M)
$634.0K
$2.1M
Accumulated earnings
$34.8M
$6.1M
($16.1M)
($42.7M)
Total shareholders' equity
$317.8M
$311.5M
$197.2M
$165.9M
Total liabilities, mezzanine equity and shareholders' equity
$770.0M
$652.7M
$431.2M
$392.0M
Cadre Holdings Inc balance sheet, quarters
Line item
Jun 30, 2026
Mar 31, 2026
Sep 30, 2025
Jun 30, 2025
Cash and cash equivalents
$54.0M
$41.3M
$150.9M
$137.5M
Restricted cash
$3.7M
$2.4M
—
—
Accounts receivable, net of allowance for doubtful accounts of $271 and $273, respectively
$128.4M
$111.3M
$99.4M
$108.1M
Inventories
$129.1M
$131.0M
$112.2M
$109.6M
Prepaid expenses
$15.8M
$15.8M
$12.5M
$11.8M
Other current assets
$17.1M
$17.0M
$11.2M
$14.0M
Total current assets
$348.1M
$318.8M
$386.2M
$381.0M
Property and equipment, net of accumulated depreciation and amortization of $67,795 and $63,125, respectively
$125.4M
$124.1M
$77.6M
$81.9M
Operating lease assets
$25.2M
$22.9M
$21.7M
$21.3M
Deferred tax assets, net
$4.9M
$4.7M
$4.9M
$4.9M
Intangible assets, net
$174.1M
$173.3M
$117.9M
$126.4M
Goodwill
$233.9M
$231.2M
$179.2M
$174.5M
Other assets
$5.6M
$4.7M
$4.6M
$4.4M
Total assets
$917.3M
$879.7M
$792.1M
$794.4M
Accounts payable
$38.9M
$39.9M
$27.0M
$32.0M
Accrued liabilities
$97.3M
$82.4M
$61.4M
$56.5M
Income tax payable
$6.2M
$2.6M
$1.4M
$1.3M
Current portion of long-term debt
$20.0M
$16.3M
$16.3M
$16.3M
Total current liabilities
$162.4M
$141.2M
$106.0M
$106.1M
Long-term debt
$354.3M
$349.6M
$295.0M
$298.9M
Long-term operating lease liabilities
$17.3M
$15.0M
$16.0M
$15.6M
Deferred tax liabilities
$28.5M
$30.1M
$24.1M
$30.3M
Other liabilities
$8.0M
$7.8M
$10.5M
$11.1M
Total liabilities
$570.5M
$543.6M
$451.7M
$462.0M
Common stock ($0.0001 par value, 190,000,000 shares authorized, 42,820,734 and 42,160,656 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively)
4.0K
4.0K
4.0K
4.0K
Additional paid-in capital
$309.4M
$305.9M
$312.9M
$310.1M
Accumulated other comprehensive (loss) income
($2.2M)
($2.2M)
$565.0K
$2.5M
Accumulated earnings
$39.6M
$32.5M
$26.9M
$19.8M
Total shareholders' equity
$346.8M
$336.1M
$340.4M
$332.5M
Total liabilities, mezzanine equity and shareholders' equity
$917.3M
$879.7M
$792.1M
$794.4M
Cash flow statement
Cadre Holdings Inc cash flow statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Net income
$44.1M
$36.1M
$38.6M
$5.8M
Depreciation and amortization
$18.6M
$16.4M
$15.7M
$15.7M
Amortization of original issue discount and debt issue costs
$1.3M
$1.1M
$479.0K
$740.0K
Amortization of inventory step-up
$1.3M
$3.9M
—
$4.3M
Deferred income taxes
$2.4M
($2.1M)
($210.0K)
($1.1M)
Stock-based compensation
$12.2M
$8.4M
$9.4M
$31.9M
Remeasurement of contingent consideration
$1.9M
$1.2M
—
—
(Recoveries from) provision for losses on accounts receivable
($108.0K)
$764.0K
$66.0K
$417.0K
Unrealized foreign exchange transaction gain
($2.4M)
$1.9M
($602.0K)
$1.5M
Other loss (gain)
$390.0K
$496.0K
($381.0K)
—
Accounts receivable
$8.4M
($24.9M)
$6.6M
($11.5M)
Inventories
($3.6M)
$10.0M
($10.2M)
$1.2M
Prepaid expenses and other assets
($4.5M)
($5.9M)
($302.0K)
($7.7M)
Accounts payable and other liabilities
($16.4M)
($15.6M)
$14.0M
$5.5M
Net cash provided by operating activities
$63.7M
$31.8M
$73.2M
$46.4M
Purchase of property and equipment
($6.9M)
($5.7M)
($6.7M)
($4.5M)
Proceeds from disposition of property and equipment
$77.0K
$55.0K
$207.0K
$411.0K
Business acquisitions, net of cash acquired
($89.6M)
($141.8M)
—
($55.5M)
Net cash used in investing activities
($96.4M)
($147.4M)
($6.5M)
($59.6M)
Proceeds from term loans
$97.5M
$129.4M
—
—
Principal payments on term loans
($13.8M)
($43.3M)
($10.0M)
($10.1M)
Taxes paid in connection with employee stock transactions
($40.2M)
($5.3M)
($2.7M)
($6.3M)
Proceeds from exercise of stock options
$3.4M
—
—
—
Dividends distributed
($15.4M)
($13.9M)
($12.0M)
($11.5M)
Other
$207.0K
$37.0K
$33.0K
—
Net cash provided by (used in) financing activities
$31.6M
$152.7M
($24.7M)
$24.5M
Effect of foreign exchange rates on cash, cash equivalents and restricted cash
$1.5M
$224.0K
$438.0K
$183.0K
Change in cash, cash equivalents and restricted cash
$394.0K
$37.2M
$42.4M
$11.4M
Cash, cash equivalents and restricted cash, beginning of period
$124.9M
$87.7M
$45.3M
$33.9M
Cash, cash equivalents and restricted cash, end of period
$125.3M
—
—
—
Cash paid for income taxes, net
$24.9M
$24.2M
$8.7M
$1.4M
Cash paid for interest
$17.8M
$14.4M
$10.1M
$6.1M
Accruals and accounts payable for capital expenditures
$139.0K
$176.0K
$234.0K
$172.0K
Cadre Holdings Inc cash flow statement, quarters
Line item
Jun 30, 2026 · YTD
Mar 31, 2026 · Q1
Sep 30, 2025 · YTD
Jun 30, 2025 · YTD
Net income
$13.4M
$2.0M
$32.4M
$21.5M
Depreciation and amortization
$11.9M
$5.7M
$13.9M
$8.5M
Amortization of original issue discount and debt issue costs
$477.0K
$241.0K
$1.1M
$829.0K
Amortization of inventory step-up
$4.9M
$2.6M
$826.0K
$356.0K
Deferred income taxes
($1.6M)
$78.0K
($4.2M)
$266.0K
Stock-based compensation
$4.9M
$1.9M
$6.8M
$4.4M
Remeasurement of contingent consideration
$5.9M
($564.0K)
$1.5M
$857.0K
(Recoveries from) provision for accounts receivable
($345.0K)
($329.0K)
($190.0K)
$40.0K
Unrealized foreign exchange transaction gain
($1.1M)
$643.0K
($2.3M)
($3.5M)
Other loss
$599.0K
$217.0K
$268.0K
$152.0K
Accounts receivable
($7.3M)
$10.3M
$19.4M
$10.4M
Inventories
($8.3M)
($10.5M)
($14.7M)
($11.3M)
Prepaid expenses and other assets
($3.6M)
($3.3M)
$4.6M
$3.4M
Accounts payable and other liabilities
$24.7M
$13.5M
($16.9M)
($15.8M)
Net cash provided by operating activities
$44.7M
$22.5M
$42.5M
$20.0M
Purchase of property and equipment
($6.1M)
($2.7M)
($3.6M)
($2.7M)
Business acquisitions, net of cash acquired
($163.9M)
($153.6M)
($89.6M)
($89.6M)
Net cash used in investing activities
($170.0M)
($156.2M)
($93.2M)
($92.3M)
Proceeds from revolving credit facilities
$82.5M
$62.5M
—
—
Payments on revolving credit facilities
($82.5M)
—
—
—
Proceeds from term loans
$75.0M
—
$97.5M
$97.5M
Principal payments on term loans
($8.1M)
($4.0M)
($9.7M)
($5.7M)
Taxes paid in connection with employee stock transactions
($1.3M)
($1.2M)
($1.2M)
($1.2M)
Dividends distributed
($8.6M)
($4.3M)
($11.6M)
($7.7M)
Other
$238.0K
($54.0K)
$344.0K
$38.0K
Net cash provided by financing activities
$57.3M
$52.9M
$75.4M
$82.9M
Effect of foreign exchange rates on cash, cash equivalents and restricted cash
$394.0K
($855.0K)
$1.3M
$1.9M
Change in cash, cash equivalents and restricted cash
($67.7M)
($81.7M)
$25.9M
$12.5M
Cash, cash equivalents and restricted cash, beginning of period
$125.3M
$125.3M
$124.9M
$124.9M
Cash, cash equivalents and restricted cash, end of period
$57.7M
$43.7M
—
—
Cash paid for income taxes, net
$5.7M
$3.8M
$22.5M
$16.9M
Cash paid for interest
$10.1M
$4.9M
$13.1M
$8.2M
Accruals and accounts payable for capital expenditures