SharkNinja Inc. (SN) financial statements: income statement, balance sheet and cash flow
SharkNinja 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), SharkNinja Inc. reported revenue of $6.4B (+15.7% year on year) and net income of $701.4M (+59.9% year on year).
Income statement
SharkNinja Inc. income statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Net sales
$6.4B
$5.5B
$4.3B
Cost of sales
$3.3B
$2.9B
$2.3B
Gross profit
$3.1B
$2.7B
$1.9B
Research and development
$368.1M
$341.3M
$249.4M
Sales and marketing
$1.5B
$1.2B
$897.6M
General and administrative
$390.1M
$433.4M
$387.3M
Total operating expenses
$2.2B
$2.0B
$1.5B
Operating income
$920.3M
$644.2M
$373.6M
Interest expense, net
($48.6M)
($63.7M)
($44.9M)
Other income (expense), net
$28.6M
($8.0M)
($35.4M)
Income before income taxes
$900.3M
$572.5M
$293.2M
Provision for income taxes
$198.9M
$133.8M
$126.2M
Net income
$701.4M
$438.7M
$167.1M
Net income per share, basic (in dollars per share)
$4.97
$3.14
$1.20
Net income per share, diluted (in dollars per share)
$4.94
$3.11
$1.20
Weighted-average number of shares used in computing net income per share, basic (in shares)
$140984108.00
$139935525.00
$139025657.00
Weighted-average number of shares used in computing net income per share, diluted (in shares)
$142089766.00
$141083853.00
$139420254.00
SharkNinja Inc. income statement, quarters
Line item
Jun 30, 2026 · Q2
Mar 31, 2026 · Q1
Net sales
$1.8B
$1.4B
Cost of sales
$905.1M
$717.8M
Gross profit
$860.3M
$695.0M
Research and development
$109.3M
$98.9M
Sales and marketing
$441.5M
$315.3M
General and administrative
$130.1M
$116.2M
Total operating expenses
$681.0M
$530.4M
Operating income
$179.4M
$164.5M
Interest expense, net
($7.9M)
($6.6M)
Other (expense) income, net
($7.8M)
($10.3M)
Income before income taxes
$163.7M
$147.6M
Provision for income taxes
$33.9M
$26.1M
Net income
$129.8M
$121.5M
Net income per share, basic (in dollars per share)
$0.92
$0.86
Net income per share, diluted (in dollars per share)
$0.92
$0.85
Weighted-average number of shares used in computing net income per share, basic (in shares)
$141384805.00
$141396491.00
Weighted-average number of shares used in computing net income per share, diluted (in shares)
$141507017.00
$142358711.00
Balance sheet
SharkNinja Inc. balance sheet, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Cash and cash equivalents
$777.3M
$363.7M
$154.1M
Accounts receivable, net
$1.7B
$1.3B
$985.2M
Inventories
$1.0B
$900.0M
$699.7M
Prepaid expenses and other current assets
$164.6M
$114.0M
$58.3M
Total current assets
$3.6B
$2.6B
$1.9B
Property and equipment, net
$232.2M
$211.5M
$166.3M
Operating lease right-of-use assets
$142.5M
$146.3M
$63.3M
Intangible assets, net
$451.1M
$462.7M
$477.8M
Goodwill
$834.8M
$834.8M
$834.2M
Deferred tax assets
$10.7M
$43.1M
$12.0K
Other assets, noncurrent
$66.8M
$51.6M
$48.2M
Total assets
$5.3B
$4.4B
$3.5B
Accounts payable
$679.5M
$612.0M
$459.7M
Accrued expenses and other current liabilities
$1.0B
$841.5M
$620.3M
Tax payable
$38.1M
$36.5M
$21.0M
Debt, current
$39.3M
$39.3M
$24.2M
Total current liabilities
$1.8B
$1.5B
$1.1B
Debt, noncurrent
$696.8M
$736.1M
$775.5M
Operating lease liabilities, noncurrent
$141.0M
$145.4M
$63.0M
Deferred tax liabilities
$16.3M
$9.9M
$16.5M
Other liabilities, noncurrent
$45.6M
$37.3M
$28.0M
Total liabilities
$2.7B
$2.5B
$2.0B
Ordinary shares, $0.0001 par value per share, 1,000,000,000 shares authorized; 141,158,026 and 140,347,436 shares issued and outstanding as of December 31, 2025 and 2024, respectively
$14000.00
$14000.00
$14000.00
Additional paid-in capital
$1.0B
$1.0B
$1.0B
Retained earnings
$1.6B
$909.0M
$470.3M
Accumulated other comprehensive income (loss)
$20.3M
($11.3M)
($1.0M)
Total shareholders’ equity
$2.7B
$1.9B
$1.5B
Total liabilities and shareholders’ equity
$5.3B
$4.4B
$3.5B
SharkNinja Inc. balance sheet, quarters
Line item
Jun 30, 2026
Mar 31, 2026
Cash and cash equivalents
$779.8M
$511.8M
Accounts receivable, net
$1.6B
$1.5B
Inventories
$1.1B
$1.0B
Prepaid expenses and other current assets
$257.4M
$239.8M
Total current assets
$3.8B
$3.3B
Property and equipment, net
$251.3M
$243.1M
Operating lease right-of-use assets
$193.2M
$136.7M
Intangible assets, net
$446.9M
$449.3M
Goodwill
$834.8M
$834.8M
Deferred tax assets
$33.9M
$20.4M
Other assets, noncurrent
$69.2M
$72.2M
Total assets
$5.6B
$5.0B
Accounts payable
$760.8M
$583.5M
Accrued expenses and other current liabilities
$979.2M
$684.3M
Tax payable
$29.9M
$65.3M
Debt, current
$39.3M
$39.3M
Total current liabilities
$1.8B
$1.4B
Debt, noncurrent
$677.1M
$687.0M
Operating lease liabilities, noncurrent
$196.5M
$134.6M
Deferred tax liabilities
$13.2M
$15.9M
Other liabilities, noncurrent
$52.7M
$45.3M
Total liabilities
$2.7B
$2.3B
Ordinary shares, $0.0001 par value per share, 1,000,000,000 shares authorized; 141,925,758 shares issued and 140,917,390 shares outstanding as of June 30, 2026; 141,158,026 shares issued and outstanding as of December 31, 2025
$14000.00
$14000.00
Additional paid-in capital
$1.1B
$1.0B
Treasury shares, at cost; 1,008,368 shares and 0 shares as of June 30, 2026 and December 31, 2025, respectively
-119.7M
—
Retained earnings
$1.9B
$1.7B
Accumulated other comprehensive income (loss)
$18.9M
$16.0M
Total shareholders’ equity
$2.8B
$2.8B
Total liabilities and shareholders’ equity
$5.6B
$5.0B
Cash flow statement
SharkNinja Inc. cash flow statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Net income
$701.4M
$438.7M
$167.1M
Depreciation and amortization
$139.6M
$123.1M
$103.8M
Share-based compensation
$43.9M
$84.5M
$47.0M
Shareholder-funded executive bonuses
$0
$0
$32.2M
Provision for credit losses
$4.7M
$4.7M
$4.5M
Provision for excess and obsolete inventory
$10.5M
—
—
Non-cash lease expense
$20.4M
$19.5M
$14.7M
Deferred income taxes, net
$38.7M
($47.4M)
($41.7M)
Other
$9.4M
$886.0K
$8.0M
Accounts receivable
($350.5M)
($299.2M)
($229.7M)
Inventories
($87.3M)
($204.9M)
($155.8M)
Prepaid expenses and other assets
($84.0M)
($57.9M)
$99.2M
Accounts payable
$38.1M
$157.3M
$147.5M
Tax payable
$1.5M
$15.6M
$19.5M
Operating lease liabilities
($15.1M)
($10.2M)
($14.2M)
Accrued expenses and other liabilities
$162.8M
$222.0M
$78.5M
Net cash provided by operating activities
$634.1M
$446.6M
$280.6M
Purchase of property and equipment
($146.1M)
($137.7M)
($122.7M)
Purchase of intangible asset
($12.4M)
($9.9M)
($8.5M)
Capitalized internal-use software development
($1.3M)
($3.6M)
($563.0K)
Cash receipts on beneficial interest in sold receivables
$0
$0
$16.8M
Other investing activities, net
$0
$0
($3.1M)
Net cash used in investing activities
($159.8M)
($151.2M)
($118.1M)
Net ordinary shares withheld for taxes upon issuance of restricted share units
-51.4M
-61.4M
-4.3M
Repayment of debt
($40.5M)
($25.3M)
($442.6M)
Proceeds from shares issued under employee share purchase plan
14.8M
5.5M
—
Proceeds from issuance of debt, net of issuance cost
$0
$0
$800.7M
Distribution paid to Former Parent
$0
$0
($435.3M)
Recharge from Former Parent for share-based compensation
$0
$0
($3.2M)
Dividend payments
$0
$0
($150.2M)
Net cash used in financing activities
($77.1M)
($81.2M)
($234.9M)
Effect of exchange rates changes on cash
$16.3M
($4.6M)
$7.6M
Net increase (decrease) in cash and cash equivalents
$413.6M
$209.6M
($64.7M)
Cash and cash equivalents at beginning of period
$363.7M
$154.1M
$218.8M
Cash and cash equivalents at end of period
$777.3M
—
—
Cash paid for income taxes
$149.3M
$190.7M
$141.2M
Cash paid for interest
$50.5M
$64.7M
$51.1M
Purchase of property and equipment accrued and not yet paid
$10.4M
$3.6M
$548.0K
Cancellation of related party note through distribution
$0
$0
($8.0M)
Unrealized gain (loss) on cash flow hedges
$8.3M
($6.1M)
($2.2M)
SharkNinja Inc. cash flow statement, quarters
Line item
Jun 30, 2026 · YTD
Mar 31, 2026 · Q1
Net income
$251.3M
$121.5M
Depreciation and amortization
$78.4M
$38.4M
Share-based compensation
$77.5M
$30.3M
Provision for credit losses
$572.0K
$300.0K
Provision for excess and obsolete inventory
($5.2M)
($3.9M)
Non-cash lease expense
$11.1M
$5.5M
Deferred income taxes, net
($26.3M)
($10.1M)
Other
$2.8M
$499.0K
Accounts receivable
$73.7M
$182.2M
Inventories
($141.3M)
($34.4M)
Prepaid expenses and other assets
($92.8M)
($75.1M)
Accounts payable
$88.6M
($97.3M)
Tax payable
($8.2M)
$27.2M
Operating lease liabilities
($10.8M)
($5.5M)
Accrued expenses and other liabilities
($23.8M)
($335.8M)
Net cash provided by (used in) operating activities
$275.5M
($156.3M)
Purchase of property and equipment
($83.1M)
($33.9M)
Purchase of intangible asset
($8.3M)
($4.4M)
Capitalized internal-use software development
$0
$0
Net cash used in investing activities
($91.3M)
($38.4M)
Repayment of debt
($20.3M)
($10.1M)
Payment of employee tax withholdings on vesting of equity awards
($48.7M)
($48.7M)
Proceeds from shares issued under employee share purchase plan
8.1M
8.1M
Repurchase of ordinary shares
-119.2M
-18.5M
Net cash used in financing activities
($180.0M)
($69.2M)
Effect of exchange rates changes on cash
($1.6M)
($1.7M)
Net increase (decrease) in cash and cash equivalents
$2.5M
($265.5M)
Cash and cash equivalents at beginning of period
$777.3M
$777.3M
Cash and cash equivalents at end of period
$779.8M
$511.8M
Purchase of property and equipment accrued and not yet paid
$12.8M
$18.0M
Unrealized gain on cash flow hedges
$0
$0
Repurchases of ordinary shares traded and not yet settled