Turning Point Brands Inc (TPB) financial statements: income statement, balance sheet and cash flow
Turning Point Brands 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), Turning Point Brands Inc reported revenue of $463.1M (+28.4% year on year) and net income of $68.2M (+68.2% year on year).
Income statement
Turning Point Brands 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
$463.1M
$360.7M
$405.4M
$415.0M
Cost of sales
$198.7M
$159.1M
$202.2M
$209.5M
Gross profit
$264.3M
$201.6M
$203.2M
$205.5M
Selling, general, and administrative expenses
$169.0M
$122.4M
$125.0M
$130.0M
Other operating income
$0
($1.7M)
($4.3M)
—
Operating income
$95.3M
$80.8M
$82.6M
$75.5M
Other income, net
($6.6M)
$0
($4.0M)
—
Interest expense, net
$17.5M
$14.0M
$14.6M
$19.5M
Investment (gain) loss
($1.1M)
$1.9M
$11.9M
$13.3M
Loss (gain) from equity method investments
$1.2M
—
—
—
Loss (gain) on extinguishment of debt
$1.2M
$0
($1.7M)
($885.0K)
Income from continuing operations before income taxes
$83.1M
$65.0M
$61.7M
$16.0M
Income tax expense
$15.0M
$16.9M
$23.9M
$4.8M
Income from continuing operations
$68.2M
$48.0M
—
—
Loss from discontinued operations, net of tax
$0
($7.5M)
—
—
Consolidated net income
$68.2M
$40.5M
$37.8M
$11.2M
Net income (loss) attributable to non-controlling interest
$10.0M
$701.0K
($681.0K)
($484.0K)
Net income attributable to Turning Point Brands, Inc.
$58.2M
$39.8M
$38.5M
$11.6M
Continuing operations (in dollars per share)
$3.18
$2.67
—
—
Basic earnings per share (in dollars per share)
$3.18
$2.24
$2.19
$0.65
Continuing operations (in dollars per share)
$3.11
$2.53
—
—
Discontinued operations (in dollars per share)
$0.00
-$0.43
—
—
Diluted earnings per share (in dollars per share)
$3.11
$2.14
$2.01
$0.64
Basic (in shares)
18.3M
17.7M
17.6M
17.9M
Diluted (in shares)
18.7M
19.4M
20.5M
18.1M
Turning Point Brands Inc income statement, quarters
Line item
Jun 30, 2026 · Q2
Mar 31, 2026 · Q1
Sep 30, 2025 · Q3
Jun 30, 2025 · Q2
Net sales
$143.0M
$124.3M
$119.0M
$116.6M
Cost of sales
$49.3M
$56.0M
$48.6M
$50.0M
Gross profit
$93.7M
$68.3M
$70.4M
$66.6M
Selling, general, and administrative expenses
$77.0M
$55.8M
$44.5M
$40.3M
Operating income
$16.7M
$12.5M
$25.9M
$26.3M
Other expense, net
$63.0K
$63.0K
—
—
Interest expense, net
$4.3M
$4.4M
$3.5M
$5.1M
Investment loss (gain)
$1.1M
($151.0K)
($817.0K)
($17.0K)
(Income) loss from equity method investment
($2.7M)
($3.0M)
($2.1M)
—
Loss on extinguishment of debt
$0
$0
$0
$0
Income before income taxes
$14.0M
$11.1M
$30.2M
$21.2M
Income tax expense
$3.7M
($2.8M)
$6.5M
$4.2M
Consolidated net income
$10.3M
$13.9M
$23.8M
$17.0M
Net income attributable to non-controlling interest
$6.7M
$2.3M
$2.7M
$2.5M
Net income attributable to Turning Point Brands, Inc.
$3.6M
$11.7M
$21.1M
$14.5M
Net income attributable to Turning Point Brands, Inc. (in dollars per share)
$0.18
$0.61
$1.16
$0.81
Basic (in shares)
19.9M
19.2M
18.2M
17.9M
Diluted (in shares)
20.2M
19.5M
18.7M
18.3M
Balance sheet
Turning Point Brands Inc balance sheet, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Cash
$222.8M
$46.2M
$117.9M
$106.4M
Accounts receivable
$25.7M
$9.6M
$10.0M
$8.4M
Inventories, net
$108.0M
$96.3M
$99.0M
$119.9M
Current assets held for sale
$0
$11.5M
—
—
Other current assets
$60.7M
$34.7M
$40.8M
$23.0M
Total current assets
$417.1M
$198.2M
$267.6M
$257.7M
Property, plant, and equipment, net
$36.2M
$26.3M
$25.3M
$22.8M
Deferred income tax assets, net
$0
$995.0K
$1.5M
$8.4M
Operating and Finance Lease, Right-of-Use Asset
$14.5M
$11.6M
$11.5M
$12.5M
Deferred financing costs, net
$1.2M
$1.8M
$2.5M
$282.0K
Goodwill
$136.1M
$135.9M
$136.3M
$136.3M
Other intangible assets, net
$64.0M
$65.3M
$80.9M
$83.6M
Master Settlement Agreement (MSA) escrow deposits
$29.9M
$28.7M
$28.7M
$28.0M
Noncurrent assets held for sale
$0
$3.9M
—
—
Other assets
$64.7M
$20.7M
$15.2M
$22.6M
Total assets
$763.8M
$493.4M
$569.4M
$572.1M
Accounts payable
$20.4M
$11.7M
$8.4M
$8.4M
Accrued Liabilities, Current
$54.6M
$31.1M
$33.6M
$33.0M
Current liabilities held for sale
$0
$2.0M
—
—
Total current liabilities
$75.0M
$44.8M
$100.3M
$41.4M
Deferred income tax liabilities, net
$8.3M
—
—
—
Notes payable and long-term debt
$293.6M
$248.6M
$307.1M
$406.8M
Other long-term liabilities
$4.1M
—
—
—
Operating and Finance Lease, Liability, Noncurrent
$10.7M
$9.5M
$9.9M
$10.6M
Total liabilities
$391.8M
$303.0M
$417.4M
$458.7M
Preferred Stock
$0
$0
$0
$0
Common Stock
$216.0K
$202.0K
$199.0K
$198.0K
Additional paid-in capital
$203.6M
$126.7M
$119.1M
$113.2M
Cost of repurchased common stock
($47.6M)
($83.1M)
($78.1M)
($78.1M)
Accumulated other comprehensive loss
($1.6M)
($2.9M)
($2.6M)
($2.4M)
Accumulated earnings
$199.7M
$147.2M
$112.4M
$78.7M
Non-controlling interest
$17.7M
$2.4M
$1.0M
$1.7M
Total stockholders’ equity
$372.0M
$190.4M
$152.0M
$113.4M
Total liabilities and stockholders’ equity
$763.8M
$493.4M
$569.4M
$572.1M
Turning Point Brands Inc balance sheet, quarters
Line item
Jun 30, 2026
Mar 31, 2026
Sep 30, 2025
Jun 30, 2025
Cash
$268.3M
$192.4M
$201.2M
$109.9M
Accounts receivable
$22.7M
$27.5M
$27.8M
$30.1M
Inventories, net
$133.4M
$129.6M
$112.8M
$105.0M
Other current assets
$75.7M
$68.7M
$54.7M
$40.2M
Total current assets
$500.1M
$418.2M
$396.4M
$285.2M
Property, plant, and equipment, net
$39.7M
$40.6M
$33.9M
$31.0M
Right of use assets
$15.7M
$15.4M
$12.9M
$10.6M
Deferred financing costs, net
$858.0K
$1.0M
$1.3M
$1.5M
Goodwill
$135.8M
$136.0M
$136.1M
$136.1M
Other intangible assets, net
$63.4M
$63.7M
$64.3M
$64.7M
Master Settlement Agreement (MSA) escrow deposits
$29.7M
$29.8M
$29.8M
$29.6M
Other assets
$69.9M
$67.4M
$68.1M
$37.2M
Total assets
$855.2M
$772.1M
$742.8M
$595.8M
Accounts payable
$35.3M
$35.9M
$24.6M
$26.2M
Accrued liabilities
$52.9M
$35.4M
$46.7M
$41.3M
Total current liabilities
$88.2M
$71.3M
$71.3M
$67.5M
Deferred tax liabilities, net
$7.9M
$8.4M
$4.0M
$2.0M
Notes payable and long-term debt
$294.1M
$293.9M
$293.4M
$293.1M
Other long-term liabilities
$0
$2.0M
$6.2M
—
Lease liabilities
$11.0M
$11.0M
$9.8M
$8.3M
Total liabilities
$401.2M
$386.6M
$384.7M
$371.0M
Preferred Stock
$0
$0
$0
$0
Common Stock
$225.0K
$218.0K
$216.0K
$205.0K
Additional paid-in capital
$241.3M
$205.5M
$200.4M
$130.2M
Cost of repurchased common stock
($21.2M)
($47.6M)
($47.6M)
($83.1M)
Accumulated other comprehensive loss
($2.0M)
($2.1M)
($1.9M)
($2.0M)
Accumulated earnings
$211.7M
$209.7M
$192.9M
$173.3M
Non-controlling interest
$23.9M
$19.7M
$14.2M
$6.2M
Total stockholders’ equity
$454.0M
$385.5M
$358.2M
$224.8M
Total liabilities and stockholders’ equity
$855.2M
$772.1M
$742.8M
$595.8M
Cash flow statement
Turning Point Brands Inc cash flow statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Consolidated net income
$68.2M
$40.5M
$37.8M
$11.2M
Loss from discontinued operations, net of tax
$0
$7.5M
—
—
Loss (gain) on extinguishment of debt
$1.2M
$0
($1.7M)
($885.0K)
Loss on sale of property, plant, and equipment
$106.0K
$75.0K
$90.0K
($9.0K)
Gain on insurance recovery of inventory loss
$0
$0
($15.2M)
—
Loss (gain) from equity method investments
$1.2M
—
—
—
(Gain) Loss on investments
($484.0K)
$2.7M
—
—
Depreciation and other amortization expense
$6.2M
$4.4M
$3.3M
—
Amortization of other intangible assets
$1.2M
$1.2M
$3.1M
$1.9M
Amortization of deferred financing costs
$1.7M
$2.4M
$2.4M
$2.6M
Deferred income tax expense
$8.9M
$519.0K
$7.0M
($6.5M)
Stock compensation expense
$7.0M
$7.2M
$6.6M
$5.3M
Noncash lease income
($1.8M)
($622.0K)
($82.0K)
—
Gain on MSA investments
$0
($14.0K)
$12.2M
$13.6M
Accounts receivable
($16.1M)
$185.0K
($1.6M)
($2.1M)
Inventories
($11.6M)
($4.8M)
$21.0M
($32.7M)
Other current assets
($25.4M)
($1.4M)
($3.5M)
$4.6M
Other assets
($4.8M)
($1.8M)
($4.8M)
$420.0K
Accounts payable
$8.6M
$3.7M
($14.0K)
$1.2M
Accrued liabilities and other
$13.3M
($1.0M)
$386.0K
$830.0K
Operating cash flows from continuing operations
$57.4M
$61.0M
—
—
Operating cash flows from discontinued operations
$0
$6.1M
—
—
Net cash provided by operating activities
$57.4M
$67.1M
$66.9M
$30.3M
Capital expenditures
($13.5M)
($4.6M)
($5.7M)
($7.7M)
Purchases of investments
($13.8M)
($10.9M)
—
—
Proceeds from sale of investments
$6.4M
$5.4M
—
—
Purchase of options agreement
($8.0M)
—
—
—
Purchases of non-marketable equity investments
($2.8M)
($500.0K)
($202.0K)
($1.0M)
Proceeds on sale of property, plant and equipment
$0
$5.0K
$3.0K
$62.0K
MSA escrow deposits, net
$33.0K
$46.0K
—
—
Investing cash flows from continuing operations
($31.7M)
($10.5M)
—
—
Investing cash flows from discontinued operations
$0
$0
—
—
Net cash used in investing activities
($31.7M)
($10.5M)
($5.9M)
($18.8M)
Convertible Senior Notes repurchased
$0
$0
—
—
Payment of 2026 Senior Notes
($250.0M)
($118.5M)
($41.8M)
($9.0M)
Proceeds from 2032 Notes
$300.0M
—
—
—
At the market offering proceeds
$97.5M
—
—
—
Interchange subscription agreement
$11.0M
—
—
—
Proceeds from call options
$0
$0
$114.0K
$51.0K
Payment of dividends
($5.5M)
($4.9M)
($4.5M)
($4.3M)
Payments of financing costs
($7.3M)
($133.0K)
($2.4M)
$0
Exercise of options
$7.6M
$2.8M
$450.0K
$504.0K
Redemption of options
($33.0K)
($335.0K)
($346.0K)
($155.0K)
Redemption of restricted stock units
($2.3M)
($914.0K)
($995.0K)
—
Issuance of restricted stock units
$1.0K
—
—
—
Turning Point Brands Inc cash flow statement, quarters
Line item
Jun 30, 2026 · YTD
Mar 31, 2026 · Q1
Sep 30, 2025 · YTD
Jun 30, 2025 · YTD
Consolidated net income
$24.2M
$13.9M
$56.5M
$32.8M
Loss on extinguishment of debt
$0
$0
$1.2M
$1.2M
Loss on sale of property, plant, and equipment
$0
$0
$47.0K
$45.0K
(Income) loss from equity method investment
($5.7M)
($3.0M)
($2.3M)
—
Loss (gain) on investments, net
$1.2M
($15.0K)
($484.0K)
$194.0K
Depreciation and other amortization expense
$3.8M
$1.8M
$4.5M
$2.9M
Amortization of other intangible assets
$627.0K
$306.0K
$918.0K
$612.0K
Amortization of deferred financing costs
$842.0K
$421.0K
$1.3M
$872.0K
Deferred income tax expense
($398.0K)
$96.0K
$4.7M
$2.7M
Stock compensation expense
$5.6M
$2.9M
$5.2M
$3.3M
Noncash lease income
($1.6M)
($807.0K)
($1.2M)
($728.0K)
Accounts receivable
$2.7M
($1.9M)
($18.3M)
($20.5M)
Inventories
($25.7M)
($21.7M)
($16.4M)
($8.6M)
Other current assets
($15.1M)
($8.1M)
($19.4M)
($5.5M)
Other assets
($46.0K)
($108.0K)
($11.0M)
($4.1M)
Accounts payable
$13.6M
$15.6M
$12.7M
$14.2M
Accrued liabilities and other
($65.0K)
($21.7M)
$14.5M
$9.8M
Net cash provided by operating activities
$4.1M
($22.3M)
$32.5M
$29.2M
Capital expenditures
($5.2M)
($5.1M)
($10.2M)
($6.2M)
Payment for equity investments
($1.4M)
$0
($2.8M)
($2.8M)
Purchases of investments
($3.8M)
($2.3M)
($12.9M)
($4.1M)
Proceeds from sale of investments
$3.9M
$2.4M
$5.5M
$4.5M
MSA escrow deposits, net
$5.0K
$5.0K
($2.0K)
($48.0K)
Purchase of option agreement
($4.9M)
—
($8.0M)
—
Net cash used in investing activities
($11.6M)
($5.1M)
($28.4M)
($8.6M)
Redemption of 2026 Notes
$0
$0
($250.0M)
($250.0M)
Proceeds from 2032 Notes
$0
$0
$300.0M
$300.0M
Equity offering proceeds
$59.5M
—
$97.5M
—
Tax distribution
($2.5M)
—
—
—
Payment of dividends
($3.3M)
($1.7M)
($4.1M)
($2.7M)
Payment of financing costs
$0
$0
($7.3M)
($7.3M)
Exercise of options
$324.0K
$323.0K
$6.1M
$4.9M
Redemption of options
$0
$0
($33.0K)
($33.0K)
Redemption of restricted stock units
($330.0K)
($330.0K)
($2.3M)
($2.0M)
Redemption of performance based restricted stock units