Utz Brands Inc (UTZ) financial statements: income statement, balance sheet and cash flow
Utz 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 28, 2025 · FY), Utz Brands Inc reported revenue of $1.4B (+2.1% year on year) and net income of $800.0K (-95.0% year on year).
Income statement
Utz Brands Inc income statement, fiscal years
Line item
Dec 28, 2025 · FY
Dec 29, 2024 · FY
Dec 31, 2023 · FY
Jan 1, 2023 · FY
Net sales
$1.4B
$1.4B
$1.4B
$1.4B
Cost of goods sold
$1.1B
$914.5M
$981.8M
$959.3M
Gross profit
$358.3M
$494.8M
$456.5M
$449.1M
Selling
$203.7M
$306.2M
$273.9M
$294.1M
General and administrative
$144.3M
$129.6M
$159.2M
$150.3M
Total selling, general and administrative expenses
$348.0M
$435.8M
$433.1M
$444.4M
Gain (loss) on sale of assets, net
$9.2M
($78.0K)
($7.3M)
$691.0K
Income from operations
$19.5M
$58.9M
$16.0M
$5.3M
Gain on sale of business
$0
$44.0M
—
—
Interest expense
($43.1M)
($44.9M)
($60.6M)
($44.4M)
Loss on debt extinguishment
($500.0K)
($1.3M)
—
—
Other income
$700.0K
$2.5M
$3.1M
$400.0K
Gain on remeasurement of warrant liability
$22.8M
$10.2M
$2.2M
$720.0K
Other (expense) income, net
($20.1M)
$10.6M
($55.3M)
($43.3M)
(Loss) income before income taxes
($600.0K)
$69.5M
($39.3M)
($38.0M)
Income tax expense
$7.1M
$38.7M
$757.0K
($23.9M)
Net (loss) income
($7.7M)
$30.7M
($40.0M)
($14.0M)
Net loss (income) attributable to noncontrolling interest
$8.5M
($14.8M)
$15.1M
$13.6M
Net income (loss) attributable to controlling interest
$800.0K
$16.0M
($24.9M)
($392.0K)
Basic (in dollars per share)
$0.01
$0.19
-$0.31
$0.00
Diluted (in dollars per share)
$0.01
$0.19
-$0.31
$0.00
Basic (in shares)
86.6M
82.1M
81.1M
80.1M
Diluted (in shares)
87.8M
85.4M
81.1M
80.1M
Change in fair value of interest rate swap
($16.1M)
($7.5M)
($13.5M)
$47.3M
Comprehensive (loss) income
($23.8M)
$23.3M
($53.6M)
$33.2M
Net comprehensive loss (income) attributable to noncontrolling interest
$14.8M
($11.7M)
$20.8M
($6.6M)
Net comprehensive (loss) income attributable to controlling interest
($9.0M)
$11.6M
($32.8M)
$26.7M
Utz Brands Inc income statement, quarters
Line item
Jun 28, 2026 · Q2
Mar 29, 2026 · Q1
Sep 28, 2025 · Q3
Jun 29, 2025 · Q2
Net sales
$371.8M
$361.3M
$377.8M
$366.7M
Cost of goods sold
$275.6M
$269.4M
$250.9M
$239.9M
Gross profit
$96.2M
$91.9M
$126.9M
$126.8M
Selling
$64.6M
$51.1M
$88.4M
$85.8M
General and administrative
$36.7M
$34.3M
$34.7M
$33.7M
Total selling, general, and administrative expenses
$101.3M
$85.4M
$123.1M
$119.5M
(Loss) gain on sale of assets, net
($400.0K)
$1.3M
($500.0K)
($900.0K)
(Loss) income from operations
($5.5M)
$7.8M
$3.3M
$6.4M
Interest expense
($10.7M)
($10.4M)
($10.6M)
($11.4M)
Loss on debt extinguishment
$0
$0
$0
$0
Other (loss) income, net
($10.7M)
($9.6M)
($10.1M)
$500.0K
(Loss) income before taxes
($16.2M)
($1.8M)
($6.8M)
$6.9M
Income tax (benefit) expense
($200.0K)
$600.0K
$13.4M
($3.2M)
Net (loss) income
($16.0M)
($2.4M)
($20.2M)
$10.1M
Net loss attributable to noncontrolling interest
$5.9M
$700.0K
$5.5M
$400.0K
Net (loss) income attributable to controlling interest
($10.1M)
($1.7M)
($14.7M)
$10.5M
Basic (in dollars per share)
-$0.11
-$0.02
-$0.17
$0.12
Diluted (in dollars per share)
-$0.11
-$0.02
-$0.17
$0.12
Basic (in shares)
88.5M
88.3M
87.0M
86.1M
Diluted (in shares)
88.5M
88.3M
87.0M
87.7M
Change in fair value of interest rate swap
($1.8M)
$2.3M
($2.5M)
($3.8M)
Comprehensive (loss) income
($17.8M)
($100.0K)
($22.7M)
$6.3M
Net comprehensive loss attributable to noncontrolling interest
$6.6M
($200.0K)
$6.5M
$1.9M
Net comprehensive (loss) income attributable to controlling interest
($11.2M)
($300.0K)
($16.2M)
$8.2M
Balance sheet
Utz Brands Inc balance sheet, fiscal years
Line item
Dec 28, 2025 · FY
Dec 29, 2024 · FY
Dec 31, 2023 · FY
Jan 1, 2023 · FY
Cash and cash equivalents
$120.4M
$56.1M
$52.0M
$72.9M
Accounts receivable, less allowance of $3.3 and $3.3, respectively
$100.8M
$119.9M
$135.1M
$137.0M
Inventories
$119.3M
$101.4M
$104.7M
$118.0M
Prepaid expenses and other assets
$39.9M
$35.3M
$31.0M
$35.0M
Current portion of notes receivable
$4.0M
$4.6M
$5.2M
$9.3M
Total current assets
$384.4M
$317.3M
$328.1M
$372.2M
Assets held for sale
$10.3M
$0
$7.6M
—
Property, plant and equipment, net
$379.2M
$345.2M
$318.9M
$345.2M
Goodwill
$865.2M
$870.7M
$915.3M
$915.3M
Intangible assets, net
$963.9M
$996.5M
$1.1B
$1.1B
Non-current portion of notes receivable
$10.8M
$9.2M
$12.4M
$12.8M
Other assets
$179.8M
$189.5M
$101.1M
$95.3M
Total non-current assets
$2.4B
$2.4B
$2.4B
$2.5B
Total assets
$2.8B
$2.7B
$2.7B
$2.8B
Current portion of term debt
$31.4M
$16.1M
$21.1M
$18.5M
Current portion of other notes payable
$6.5M
$6.9M
$7.6M
$12.6M
Accounts payable
$197.4M
$150.9M
$124.4M
$114.4M
Accrued expenses and other
$87.9M
$78.3M
$77.6M
$92.0M
Current portion of warrant liability
$0
$33.0M
—
—
Total current liabilities
$323.2M
$285.3M
$230.7M
$237.4M
Non-current portion of term debt
$818.2M
$752.5M
$878.5M
$893.3M
Non-current portion of other notes payable
$14.2M
$15.0M
$19.2M
$20.3M
Non-current accrued expenses and other
$166.5M
$164.2M
$76.7M
$67.3M
Deferred tax liability
$126.6M
$123.7M
$114.7M
$124.8M
Total non-current liabilities
$1.1B
$1.1B
$1.1B
$1.2B
Total liabilities
$1.4B
$1.3B
$1.4B
$1.4B
Common stock value
$0
$14.0K
$14.0K
$14.0K
Additional paid-in capital
$1.0B
$988.5M
$944.6M
$926.9M
Accumulated deficit
($326.6M)
($304.7M)
($298.0M)
($254.6M)
Accumulated other comprehensive income
$3.3M
$18.6M
$23.0M
$30.8M
Total stockholders’ equity
$713.7M
$702.5M
$669.5M
$703.1M
Noncontrolling interest
$631.2M
$685.3M
$714.2M
$748.5M
Total equity
$1.3B
$1.4B
$1.4B
$1.5B
Total liabilities and equity
$2.8B
$2.7B
$2.7B
$2.8B
Utz Brands Inc balance sheet, quarters
Line item
Jun 28, 2026
Mar 29, 2026
Sep 28, 2025
Jun 29, 2025
Cash and cash equivalents
$58.6M
$73.7M
$57.7M
$54.6M
Accounts receivable, less allowance of $3.5 and $3.3, respectively
$123.6M
$113.4M
$133.3M
$161.3M
Inventories
$128.7M
$122.5M
$112.9M
$125.5M
Prepaid expenses and other assets
$47.1M
$46.3M
$24.4M
$44.0M
Current portion of notes receivable
$4.1M
$4.0M
$5.1M
$5.1M
Total current assets
$362.1M
$359.9M
$333.4M
$390.5M
Assets held for sale
$9.1M
$10.4M
$6.7M
—
Property, plant and equipment, net
$379.7M
$379.9M
$396.5M
$389.7M
Goodwill
$865.2M
$865.2M
$870.7M
$870.7M
Intangible assets, net
$948.5M
$956.5M
$973.0M
$983.0M
Non-current portion of notes receivable
$9.9M
$10.8M
$10.5M
$11.5M
Other assets
$201.0M
$203.4M
$185.8M
$191.9M
Total non-current assets
$2.4B
$2.4B
$2.4B
$2.4B
Total assets
$2.8B
$2.8B
$2.8B
$2.8B
Current portion of term debt
$38.6M
$30.3M
$25.9M
$23.2M
Current portion of other notes payable
$6.0M
$6.1M
$7.2M
$7.0M
Accounts payable
$196.7M
$188.3M
$172.2M
$188.5M
Accrued expenses and other
$99.4M
$90.3M
$68.8M
$75.1M
Total current liabilities
$340.7M
$315.0M
$274.1M
$303.3M
Non-current portion of term debt and revolving credit facility
$800.2M
$812.0M
$824.8M
$842.7M
Non-current portion of other notes payable
$12.0M
$13.1M
$15.8M
$16.8M
Non-current accrued expenses and other
$180.4M
$181.4M
$170.0M
$174.0M
Deferred tax liability
$128.5M
$127.2M
$129.8M
$122.6M
Total non-current liabilities
$1.1B
$1.1B
$1.1B
$1.2B
Total liabilities
$1.5B
$1.4B
$1.4B
$1.5B
Common stock
$0
$0
$0
$0
Additional paid-in capital
$1.0B
$1.0B
$1.0B
$1.0B
Accumulated deficit
($350.1M)
($334.4M)
($318.4M)
($298.4M)
Accumulated other comprehensive income
$3.6M
$4.7M
$10.9M
$12.4M
Total stockholders' equity
$695.9M
$709.5M
$725.3M
$731.2M
Noncontrolling interest
$617.8M
$627.9M
$636.8M
$646.7M
Total equity
$1.3B
$1.3B
$1.4B
$1.4B
Total liabilities and equity
$2.8B
$2.8B
$2.8B
$2.8B
Common stock outstanding (in shares)
143.9M
143.8M
—
—
Common stock issued (in shares)
143.9M
143.8M
—
—
Common stock authorized (in shares)
1.1B
1.1B
—
—
Common stock, par value (in dollars per share)
$0.00
$0.00
—
—
Cash flow statement
Utz Brands Inc cash flow statement, fiscal years
Line item
Dec 28, 2025 · FY
Dec 29, 2024 · FY
Dec 31, 2023 · FY
Jan 1, 2023 · FY
Net (loss) income
($7.7M)
$30.7M
($40.0M)
($14.0M)
Impairment and other charges
$600.0K
$0
$12.6M
$4.7M
Depreciation and amortization
$82.4M
$70.9M
$79.5M
$86.8M
Gain on sale of business
$0
($44.0M)
—
—
Gain on remeasurement of warrant liability
($22.8M)
($10.2M)
($2.2M)
($720.0K)
(Gain) loss on sale of assets
($9.2M)
$78.0K
—
—
Share-based compensation
$17.1M
$18.3M
$17.1M
$10.6M
Loss on debt extinguishment
$500.0K
$1.3M
—
$0
Deferred income taxes
$2.4M
$14.1M
($8.9M)
($29.4M)
Amortization of deferred financing costs
$1.4M
$3.2M
$1.6M
$1.9M
Accounts receivable, net
$19.1M
$6.8M
$1.9M
($5.6M)
Inventories
($17.9M)
($4.6M)
$12.7M
($38.5M)
Prepaid expenses and other assets
($8.2M)
($103.5M)
($14.4M)
($18.4M)
Accounts payable and accrued expenses and other
$54.5M
$123.1M
$9.7M
$51.4M
Net cash provided by operating activities
$112.2M
$106.2M
$76.6M
$48.2M
Purchases of property and equipment
($102.8M)
($98.6M)
($55.7M)
($88.0M)
Purchases of intangibles
$0
($9.2M)
$0
$0
Proceeds from sale of property and equipment
$24.6M
$26.6M
$9.5M
$4.3M
Proceeds from sale of business
$0
$167.5M
—
—
Proceeds from sale of routes
$26.4M
$26.7M
$28.7M
$23.4M
Proceeds from the sale of IO notes
$6.1M
$4.9M
$5.4M
$5.0M
Proceeds from insurance claims for capital investments
$0
$0
$1.7M
$3.9M
Purchase of IO routes and other changes in note receivables
($41.2M)
($42.9M)
($38.1M)
($24.7M)
Net cash (used in) provided by investing activities
($86.9M)
$75.0M
($48.5M)
($76.1M)
Borrowings on line of credit
$241.0M
$114.5M
$71.0M
$36.0M
Repayments on line of credit
($241.0M)
($114.7M)
($70.6M)
—
Borrowings on term debt and notes payable
$104.5M
$39.1M
$13.1M
$124.6M
Repayments on term debt and notes payable
($23.9M)
($173.7M)
($29.2M)
($21.0M)
Payment of debt issuance cost
($1.7M)
($733.0K)
($656.0K)
($3.7M)
Payments of tax withholding requirements for employee stock awards
($2.2M)
($1.4M)
($589.0K)
($6.2M)
Dividends paid
($22.3M)
($21.7M)
($18.5M)
($17.2M)
Distribution to noncontrolling interest
($15.4M)
($18.3M)
($13.5M)
($9.6M)
Net cash provided (used in) by financing activities
$39.0M
($177.0M)
($49.1M)
$58.9M
Net increase (decrease) in cash and cash equivalents
$64.3M
$4.1M
($20.9M)
$31.0M
Cash and cash equivalents at beginning of period
$56.1M
$52.0M
$72.9M
$41.9M
Cash and cash equivalents at end of period
$120.4M
$56.1M
$52.0M
$72.9M
Utz Brands Inc cash flow statement, quarters
Line item
Jun 28, 2026 · YTD
Mar 29, 2026 · Q1
Sep 28, 2025 · YTD
Jun 29, 2025 · YTD
Net (loss) income
($18.4M)
($2.4M)
($4.4M)
$15.8M
Impairment and other charges
$200.0K
—
$600.0K
$600.0K
Depreciation and amortization
$45.4M
$22.5M
$60.4M
$40.0M
Gain on remeasurement of warrant liability
$0
$0
($22.8M)
($23.5M)
(Gain) loss on sale of assets
($900.0K)
($1.3M)
$700.0K
$200.0K
Loss on debt extinguishment
$0
$0
$500.0K
$500.0K
Share-based compensation
$7.1M
$3.9M
$12.4M
$7.0M
Deferred taxes
$1.9M
$600.0K
$6.1M
($1.1M)
Deferred financing costs
$600.0K
$300.0K
$1.0M
$700.0K
Accounts receivable, net
($22.8M)
($12.6M)
($13.4M)
($41.4M)
Inventories
($9.4M)
($3.2M)
($11.5M)
($24.2M)
Prepaid expenses and other assets
$2.3M
($3.5M)
$2.5M
($17.5M)
Accounts payable and accrued expenses and other
($6.5M)
($16.5M)
$15.2M
$39.0M
Net cash used in operating activities
($500.0K)
($12.2M)
$47.3M
($3.9M)
Purchases of property and equipment
($27.4M)
($13.8M)
($89.2M)
($65.7M)
Proceeds from sale of property and equipment
$1.3M
$100.0K
$900.0K
$800.0K
Proceeds from sale of routes
$17.9M
$8.3M
$17.7M
$11.7M
Proceeds from the sale of IO notes
$2.5M
$1.5M
$5.4M
$3.9M
Purchases of IO routes and other changes in note receivables
($23.8M)
($11.6M)
($30.0M)
($22.0M)
Net cash used in investing activities
($29.5M)
($15.5M)
($95.2M)
($71.3M)
Borrowings on line of credit
$145.0M
$60.0M
$177.0M
$135.0M
Repayments on line of credit
($144.9M)
($60.0M)
($156.5M)
($74.5M)
Borrowings on term debt and notes payable
$5.6M
—
$81.4M
$50.8M
Repayments on term debt and notes payable
($17.0M)
($7.6M)
($19.7M)
($13.6M)
Payment of debt issuance cost
$0
—
($1.7M)
($1.7M)
Payments of tax withholding requirements for employee stock awards
($1.7M)
($1.7M)
($2.2M)
($2.2M)
Dividends paid
($11.8M)
($6.2M)
($16.9M)
($11.6M)
Distribution to noncontrolling interest
($7.0M)
($3.5M)
($11.9M)
($8.5M)
Net cash (used in) provided by financing activities