Traeger Inc Financials
Traeger Inc (COOK) reported $559.5M in revenue for fiscal year 2025, down 7.4% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 7 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Traeger’s cash generation surviving accounting losses while equity erosion makes a largely fixed debt load feel heavier.
Since FY2023, free cash flow stayed positive even as net losses persisted, so reported earnings have been materially harsher than the cash picture and the business has not needed new borrowing just to fund routine operations. FY2025’s deeper loss reads more like a balance-sheet hit than a cash collapse: operating cash flow stayed positive at$21M and goodwill was written down to$0 .
The balance sheet is getting more levered through equity erosion, not through fresh borrowing: long-term debt stayed near
Short-term liquidity improved, but the improvement came from lower current liabilities more than from a large cash stockpile: the current ratio reached 2.7x while cash was only
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Traeger Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Traeger Inc has an operating margin of -17.5%, meaning the company loses $17 on every $100 of revenue. This results in a profitability score of 26/100. This is down from -0.5% the prior year.
Traeger Inc's revenue declined 7.4% year-over-year, from $604.1M to $559.5M. This contraction results in a growth score of 20/100.
Traeger Inc has elevated debt relative to equity (D/E of 2.34), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 27/100, reflecting increased financial risk.
With a current ratio of 2.68, Traeger Inc holds $2.68 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 72/100.
Traeger Inc has a free cash flow margin of 2.4%, earning a moderate score of 40/100. The company generates positive cash flow after capital investments, but with room for improvement.
Traeger Inc posts a -67.4% return on equity (ROE), meaning it loses $67 for every $100 of shareholders' equity. This results in a returns score of 25/100. This is down from -12.3% the prior year.
Traeger Inc scores -0.89, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($160.2M) relative to total liabilities ($505.1M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Traeger Inc passes 5 of 9 financial strength tests. 2 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
Traeger Inc reported a net loss of $115.2M while generating $20.5M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.
Traeger Inc reported an operating loss of $97.7M against $31.4M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
Traeger Inc generated $559.5M in revenue in fiscal year 2025. This represents a decrease of 7.4% from the prior year.
Traeger Inc's EBITDA was -$62.5M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 293.2% from the prior year.
Traeger Inc reported -$115.2M in net income in fiscal year 2025. This represents a decrease of 238.7% from the prior year.
Cash & Balance Sheet
Traeger Inc generated $13.6M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 14.2% from the prior year.
Traeger Inc held $19.6M in cash against $399.6M in long-term debt as of fiscal year 2025.
Not reported for fiscal year 2025.
Margins & Returns
Traeger Inc's gross margin was 39.2% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 3.1 percentage points from the prior year.
Traeger Inc's operating margin was -17.5% in fiscal year 2025, reflecting core business profitability. This is down 17.0 percentage points from the prior year.
Traeger Inc's net profit margin was -20.6% in fiscal year 2025, showing the share of revenue converted to profit. This is down 15.0 percentage points from the prior year.
Traeger Inc's ROE was -67.4% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 55.1 percentage points from the prior year.
Capital Allocation
Traeger Inc invested $12.4M in research and development in fiscal year 2025. This represents a decrease of 18.4% from the prior year.
Traeger Inc invested $6.9M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 42.2% from the prior year.
Not reported for fiscal year 2025.
COOK Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $485.0M | $559.5M-7.4% | $604.1M-0.3% | $605.9M-7.6% | $655.9M-16.5% | $785.5M+43.9% | $545.8M+50.2% | $363.3M |
| Cost of Revenue | $291.7M | $340.2M-2.4% | $348.6M-8.8% | $382.3M-10.5% | $427.1M-11.9% | $484.8M+55.9% | $311.0M+49.8% | $207.5M |
| Gross Profit | $193.3M | $219.3M-14.1% | $255.5M+14.3% | $223.6M-2.3% | $228.8M-23.9% | $300.8M+28.1% | $234.8M+50.7% | $155.8M |
| R&D Expenses | N/A | $12.4M-18.4% | $15.2M+32.2% | $11.5M+6.5% | $10.8M-42.6% | $18.8M+176.5% | $6.8M | N/A |
| SG&A Expenses | $85.2M | $95.0M-16.3% | $113.5M-12.6% | $129.8M-22.2% | $166.8M+5.2% | $158.6M+215.6% | $50.2M+10.9% | $45.3M |
| Operating Income | -$97.8M | -$97.7M-3219.5% | -$2.9M+94.7% | -$55.4M+84.0% | -$345.9M-465.7% | -$61.1M-204.8% | $58.3M+458.1% | $10.5M |
| Interest Expense | $31.2M | $31.4M-6.4% | $33.5M+7.1% | $31.3M+12.2% | $27.9M+4.6% | $26.6M-21.8% | $34.1M-13.7% | $39.5M |
| Income Tax | -$3.3M | -$4.1M-111.7% | -$2.0M-198.5% | $2.0M+67.4% | $1.2M-20.3% | $1.5M+98.8% | $749K+504.0% | $124K |
| Net Income | -$112.7M | -$115.2M-238.7% | -$34.0M+59.7% | -$84.4M+77.9% | -$382.1M-316.4% | -$91.8M-395.5% | $31.1M+204.9% | -$29.6M |
| EPS (Diluted) | — | -$0.87 | -$0.27+60.3% | -$0.68+78.7% | -$3.19-289.0% | -$0.82-382.8% | $0.29+207.4% | -$0.27 |
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
COOK Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 |
|---|---|---|---|---|---|---|---|
| Total Assets | $676.0M-18.6% | $830.7M-3.5% | $860.8M-9.1% | $946.7M-19.6% | $1.2B+19.1% | $989.0M | N/A |
| Current Assets | $214.8M-11.6% | $243.1M+12.4% | $216.4M-21.1% | $274.2M+3.0% | $266.2M+68.0% | $158.5M | N/A |
| Cash & Equivalents | $19.6M+31.0% | $15.0M-49.9% | $29.9M-23.4% | $39.1M+133.3% | $16.7M+44.9% | $11.6M+63.3% | $7.1M |
| Inventory | $98.8M-8.0% | $107.4M+11.6% | $96.2M-37.3% | $153.5M+8.4% | $141.5M+107.3% | $68.3M | N/A |
| Accounts Receivable | $82.1M-3.8% | $85.3M+42.4% | $59.9M+42.5% | $42.0M-54.7% | $92.9M+43.3% | $64.8M | N/A |
| Goodwill | $0-100.0% | $74.7M0.0% | $74.7M0.0% | $74.7M-74.8% | $297.0M+15.7% | $256.8M | N/A |
| Total Liabilities | $505.1M-8.9% | $554.2M-2.7% | $569.4M-6.9% | $611.8M+7.1% | $571.5M+11.1% | $514.5M | N/A |
| Current Liabilities | $80.1M-34.5% | $122.2M-8.8% | $134.0M+18.7% | $112.9M-32.1% | $166.2M+107.6% | $80.1M | N/A |
| Long-Term Debt | $399.6M+0.3% | $398.4M+0.3% | $397.3M-15.1% | $468.1M+23.4% | $379.4M-12.5% | $433.6M | N/A |
| Total Equity | $170.8M-38.2% | $276.4M-5.1% | $291.3M-13.0% | $334.9M-44.7% | $606.0M+27.7% | $474.5M | N/A |
| Retained Earnings | -$804.1M-16.7% | -$688.9M-5.2% | -$654.9M-14.8% | -$570.5M-202.9% | -$188.3M-95.0% | -$96.5M | N/A |
COOK Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $68.1M | $20.5M-14.1% | $23.9M-62.7% | $64.0M+1157.2% | $5.1M+117.9% | -$28.4M-161.0% | $46.6M+152.1% | $18.5M |
| Capital Expenditures | $6.5M | $6.9M-42.2% | $12.0M-39.9% | $19.9M+8.4% | $18.4M-18.2% | $22.5M+59.1% | $14.1M+88.3% | $7.5M |
| Free Cash Flow | $61.6M | $13.6M+14.2% | $11.9M-73.0% | $44.1M+431.4% | -$13.3M+73.9% | -$50.9M-256.8% | $32.5M+195.6% | $11.0M |
| Investing Cash Flow | -$6.8M | -$7.3M+40.5% | -$12.3M+29.0% | -$17.4M+8.1% | -$18.9M+76.3% | -$79.9M-192.2% | -$27.3M-203.9% | -$9.0M |
| Financing Cash Flow | -$11.9M | -$8.5M+67.8% | -$26.5M+61.2% | -$68.3M-240.5% | $48.6M-57.2% | $113.5M+868.1% | -$14.8M-59.6% | -$9.3M |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
COOK Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 |
|---|---|---|---|---|---|---|---|
| Gross Margin | 39.2%-3.1pp | 42.3%+5.4pp | 36.9%+2.0pp | 34.9%-3.4pp | 38.3%-4.7pp | 43.0%+0.1pp | 42.9% |
| Operating Margin | -17.5%-17.0pp | -0.5%+8.7pp | -9.2%+43.6pp | -52.7%-45.0pp | -7.8%-18.5pp | 10.7%+7.8pp | 2.9% |
| Net Margin | -20.6%-15.0pp | -5.6%+8.3pp | -13.9%+44.3pp | -58.3%-46.6pp | -11.7%-17.4pp | 5.7%+13.8pp | -8.2% |
| Return on Equity | -67.4%-55.1pp | -12.3%+16.7pp | -29.0%+85.1pp | -114.1%-99.0pp | -15.1%-21.7pp | 6.5% | N/A |
| Return on Assets | -17.0%-13.0pp | -4.1%+5.7pp | -9.8%+30.6pp | -40.4%-32.6pp | -7.8%-10.9pp | 3.1% | N/A |
| Current Ratio | 2.68+0.7x | 1.99+0.4x | 1.62-0.8x | 2.43+0.8x | 1.60-0.4x | 1.98 | N/A |
| Debt-to-Equity | 2.34+0.9x | 1.44+0.1x | 1.360.0x | 1.40+0.8x | 0.63-0.3x | 0.91 | N/A |
| FCF Margin | 2.4%+0.5pp | 2.0%-5.3pp | 7.3%+9.3pp | -2.0%+4.5pp | -6.5%-12.4pp | 5.9%+2.9pp | 3.0% |
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Where Traeger Inc Ranks
Frequently Asked Questions
What is Traeger Inc's annual revenue?
Traeger Inc (COOK) reported $559.5M in total revenue for fiscal year 2025. This represents a -7.4% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Traeger Inc's revenue growing?
Traeger Inc (COOK) revenue declined by 7.4% year-over-year, from $604.1M to $559.5M in fiscal year 2025.
Is Traeger Inc profitable?
No, Traeger Inc (COOK) reported a net income of -$115.2M in fiscal year 2025, with a net profit margin of -20.6%.
What is Traeger Inc's EBITDA?
Traeger Inc (COOK) had EBITDA of -$62.5M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Traeger Inc have?
As of fiscal year 2025, Traeger Inc (COOK) had $19.6M in cash and equivalents against $399.6M in long-term debt.
What is Traeger Inc's gross margin?
Traeger Inc (COOK) had a gross margin of 39.2% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Traeger Inc's operating margin?
Traeger Inc (COOK) had an operating margin of -17.5% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Traeger Inc's net profit margin?
Traeger Inc (COOK) had a net profit margin of -20.6% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Traeger Inc's return on equity (ROE)?
Traeger Inc (COOK) has a return on equity of -67.4% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Traeger Inc's free cash flow?
Traeger Inc (COOK) generated $13.6M in free cash flow during fiscal year 2025. This represents a 14.2% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Traeger Inc's operating cash flow?
Traeger Inc (COOK) generated $20.5M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Traeger Inc's total assets?
Traeger Inc (COOK) had $676.0M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Traeger Inc's capital expenditures?
Traeger Inc (COOK) invested $6.9M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Traeger Inc spend on research and development?
Traeger Inc (COOK) invested $12.4M in research and development during fiscal year 2025.
What is Traeger Inc's current ratio?
Traeger Inc (COOK) had a current ratio of 2.68 as of fiscal year 2025, which is generally considered healthy.
What is Traeger Inc's debt-to-equity ratio?
Traeger Inc (COOK) had a debt-to-equity ratio of 2.34 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Traeger Inc's return on assets (ROA)?
Traeger Inc (COOK) had a return on assets of -17.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Traeger Inc's Altman Z-Score?
Traeger Inc (COOK) has an Altman Z-Score of -0.89, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Traeger Inc's Piotroski F-Score?
Traeger Inc (COOK) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Traeger Inc's earnings high quality?
Traeger Inc (COOK) reported a net loss of $115.2M while generating $20.5M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Traeger Inc cover its interest payments?
Traeger Inc (COOK) reported an operating loss of $97.7M against $31.4M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Traeger Inc?
Traeger Inc (COOK) scores 35 out of 100 on our Financial Health Score, indicating weak standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.