Groupon Financials
This page shows Groupon (GRPN) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 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).
A high-gross-margin model and sharper cost discipline turned flat sales into cash, while the balance sheet stayed tight.
Between FY2023 and FY2025, gross margin rose from87.5% to90.8% , which points to a business whose economics improved even without a sales rebound. SG&A then fell from$350.4M to$273.7M , and that cost reset pushed operating profit and operating cash flow into positive territory even though net income stayed negative.
The company now looks operationally repaired before it looks accountingly profitable: FY2025 produced
The cash position improved, but the capital structure still leaves little slack. Cash reached
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 Groupon'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.
Groupon has an operating margin of 4.7%, meaning the company retains $5 of operating profit per $100 of revenue. This results in a moderate score of 34/100, indicating healthy but not exceptional operating efficiency. This is up from 1.8% the prior year.
Groupon's revenue grew a modest 1.2% year-over-year to $498.4M. This slow but positive growth earns a score of 27/100.
Groupon carries a low D/E ratio of -7.26, meaning only $-7.26 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 68/100, indicating a strong balance sheet with room for future borrowing.
Groupon's current ratio of 0.98 is below the typical benchmark, resulting in a score of 18/100. However, the company holds substantial cash reserves (77% of current liabilities), which buffers actual liquidity risk. Large mature operators often run tight current ratios by design.
Groupon has a free cash flow margin of 10.0%, earning a moderate score of 42/100. The company generates positive cash flow after capital investments, but with room for improvement.
Groupon scores -1.63, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($1.0B) relative to total liabilities ($712.8M). 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.
Groupon passes 3 of 9 financial strength tests. 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Groupon generates $-0.77 in operating cash flow ($64.5M OCF vs -$83.3M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
Groupon earns $1.7 in operating income for every $1 of interest expense ($23.6M vs $14.3M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
Groupon generated $498.4M in revenue in fiscal year 2025. This represents an increase of 1.2% from the prior year.
Groupon's EBITDA was $40.8M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 11.1% from the prior year.
Groupon reported -$83.3M in net income in fiscal year 2025. This represents a decrease of 47.3% from the prior year.
Groupon earned $-2.08 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 37.7% from the prior year.
Cash & Balance Sheet
Groupon generated $49.9M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 23.0% from the prior year.
Groupon held $296.1M in cash against $309.2M in long-term debt as of fiscal year 2025.
Groupon had 41M shares outstanding in fiscal year 2025. This represents an increase of 2.4% from the prior year.
Margins & Returns
Groupon's gross margin was 90.8% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 0.6 percentage points from the prior year.
Groupon's operating margin was 4.7% in fiscal year 2025, reflecting core business profitability. This is up 2.9 percentage points from the prior year.
Groupon's net profit margin was -16.7% in fiscal year 2025, showing the share of revenue converted to profit. This is down 5.2 percentage points from the prior year.
Capital Allocation
Groupon invested $14.6M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 4.6% from the prior year.
GRPN Income Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $117.2M-11.7% | $132.7M+8.0% | $122.8M-2.3% | $125.7M+7.3% | $117.2M-10.1% | $130.4M+13.9% | $114.5M-8.1% | $124.6M |
| Cost of Revenue | $11.2M-12.4% | $12.7M+15.8% | $11.0M-2.5% | $11.3M+3.6% | $10.9M-10.7% | $12.2M+5.2% | $11.6M-3.0% | $11.9M |
| Gross Profit | $106.0M-11.6% | $120.0M+7.3% | $111.8M-2.3% | $114.4M+7.6% | $106.3M-10.1% | $118.2M+14.9% | $102.9M-8.7% | $112.7M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $73.0M+12.4% | $65.0M-4.8% | $68.3M-3.4% | $70.7M+1.2% | $69.8M-3.8% | $72.6M+1.8% | $71.3M-7.6% | $77.2M |
| Operating Income | -$3.3M-151.0% | $6.5M+196.6% | $2.2M-83.2% | $13.1M+592.9% | $1.9M-29.0% | $2.7M+147.5% | -$5.6M-228.2% | $4.4M |
| Interest Expense | $4.0M+32.1% | $3.0M-10.8% | $3.4M-12.6% | $3.9M-2.4% | $4.0M+59.2% | $2.5M+18.1% | $2.1M+10.1% | $1.9M |
| Income Tax | $4.9M+142.4% | $2.0M-90.5% | $21.2M+94.5% | $10.9M+665.2% | $1.4M-82.8% | $8.3M+258.5% | $2.3M-75.0% | $9.3M |
| Net Income | -$12.9M-269.0% | $7.6M+106.4% | -$118.4M-682.1% | $20.3M+183.4% | $7.2M+114.9% | -$48.1M-445.6% | $13.9M+238.8% | -$10.0M |
| EPS (Diluted) | $-0.32 | N/A | $-2.92-734.8% | $0.46+170.6% | $0.17 | N/A | $0.33+232.0% | $-0.25 |
GRPN Balance Sheet
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $595.9M-11.1% | $670.4M+10.2% | $608.2M-6.1% | $647.4M+6.5% | $608.2M-0.7% | $612.7M+11.8% | $548.0M-4.3% | $572.8M |
| Current Assets | $302.0M-19.3% | $374.4M+19.2% | $314.2M-8.6% | $343.8M+10.5% | $311.0M-1.4% | $315.4M+27.9% | $246.6M-9.1% | $271.3M |
| Cash & Equivalents | $225.5M-23.8% | $296.1M+24.2% | $238.5M-9.2% | $262.6M+15.8% | $226.8M-0.9% | $228.8M+43.3% | $159.7M-10.3% | $178.1M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $20.0M-22.4% | $25.8M+19.2% | $21.6M-14.8% | $25.4M-20.7% | $32.1M-6.1% | $34.2M-14.9% | $40.1M-3.5% | $41.6M |
| Goodwill | $178.7M0.0% | $178.7M0.0% | $178.7M0.0% | $178.7M0.0% | $178.7M0.0% | $178.7M0.0% | $178.7M0.0% | $178.7M |
| Total Liabilities | $658.3M-7.6% | $712.8M+6.8% | $667.6M+12.0% | $596.1M+6.0% | $562.5M-1.6% | $571.6M+12.6% | $507.8M-4.6% | $532.4M |
| Current Liabilities | $374.4M-2.5% | $383.9M+14.1% | $336.5M-6.4% | $359.5M+2.9% | $349.5M+14.4% | $305.4M+15.6% | $264.2M-8.8% | $289.9M |
| Long-Term Debt | $262.4M-15.1% | $309.2M | N/A | N/A | N/A | $246.0M | N/A | N/A |
| Total Equity | -$62.6M-47.1% | -$42.6M+28.5% | -$59.6M-216.3% | $51.2M+12.6% | $45.5M+11.4% | $40.8M+2.1% | $40.0M-0.6% | $40.2M |
| Retained Earnings | -$1.6B-0.8% | -$1.6B+0.5% | -$1.6B-8.0% | -$1.5B+1.4% | -$1.5B+0.5% | -$1.5B-3.5% | -$1.5B+0.9% | -$1.5B |
GRPN Cash Flow Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$10.0M-117.6% | $56.6M+376.1% | -$20.5M-172.2% | $28.4M+129277.3% | -$22K-100.0% | $67.0M+511.9% | -$16.3M-206.3% | $15.3M |
| Capital Expenditures | $3.6M-0.4% | $3.6M-12.4% | $4.1M+26.4% | $3.2M-13.6% | $3.7M-0.1% | $3.7M+9.8% | $3.4M-23.8% | $4.5M |
| Free Cash Flow | -$13.5M-125.5% | $53.0M+315.7% | -$24.6M-197.6% | $25.2M+770.1% | -$3.8M-105.9% | $63.2M+421.5% | -$19.7M-281.7% | $10.8M |
| Investing Cash Flow | -$3.6M-246.9% | $2.4M+180.1% | -$3.0M-128.1% | $10.8M+388.0% | -$3.7M+0.1% | -$3.7M-8.7% | -$3.4M-180.0% | $4.3M |
| Financing Cash Flow | -$55.7M-4974.7% | -$1.1M+66.5% | -$3.3M-22.0% | -$2.7M-491.2% | -$454K-103.1% | $14.9M+2250.7% | -$691K+59.8% | -$1.7M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | $21.3M | N/A | N/A | N/A | $0 | N/A | N/A | N/A |
GRPN Financial Ratios
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 90.5%+0.1pp | 90.4%-0.6pp | 91.0%+0.0pp | 91.0%+0.3pp | 90.7%+0.1pp | 90.6%+0.8pp | 89.9%-0.5pp | 90.4% |
| Operating Margin | -2.8%-7.7pp | 4.9%+3.1pp | 1.8%-8.6pp | 10.4%+8.8pp | 1.6%-0.4pp | 2.0%+6.9pp | -4.9%-8.4pp | 3.5% |
| Net Margin | -11.0%-16.7pp | 5.7%+102.1pp | -96.4%-112.6pp | 16.2%+10.1pp | 6.1%+43.0pp | -36.9%-49.1pp | 12.2%+20.2pp | -8.1% |
| Return on Equity | N/A | N/A | N/A | 39.7%+23.9pp | 15.8%+133.7pp | -117.9%-152.8pp | 34.8%+59.8pp | -24.9% |
| Return on Assets | -2.2%-3.3pp | 1.1%+20.6pp | -19.5%-22.6pp | 3.1%+2.0pp | 1.2%+9.0pp | -7.9%-10.4pp | 2.5%+4.3pp | -1.8% |
| Current Ratio | 0.81-0.2 | 0.98+0.0 | 0.93-0.0 | 0.96+0.1 | 0.89-0.1 | 1.03+0.1 | 0.930.0 | 0.94 |
| Debt-to-Equity | -4.19+3.1 | -7.26+3.9 | -11.21-22.9 | 11.64-0.7 | 12.37+6.3 | 6.03-6.7 | 12.70-0.5 | 13.23 |
| FCF Margin | -11.5%-51.5pp | 40.0%+60.0pp | -20.0%-40.1pp | 20.0%+23.3pp | -3.2%-51.7pp | 48.5%+65.7pp | -17.2%-25.9pp | 8.7% |
Note: Shareholder equity is negative (-$42.6M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
Note: The current ratio is below 1.0 (0.98), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Frequently Asked Questions
What is Groupon's annual revenue?
Groupon (GRPN) reported $498.4M in total revenue for fiscal year 2025. This represents a 1.2% 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 Groupon's revenue growing?
Groupon (GRPN) revenue grew by 1.2% year-over-year, from $492.6M to $498.4M in fiscal year 2025.
Is Groupon profitable?
No, Groupon (GRPN) reported a net income of -$83.3M in fiscal year 2025, with a net profit margin of -16.7%.
What is Groupon's EBITDA?
Groupon (GRPN) had EBITDA of $40.8M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Groupon have?
As of fiscal year 2025, Groupon (GRPN) had $296.1M in cash and equivalents against $309.2M in long-term debt.
What is Groupon's gross margin?
Groupon (GRPN) had a gross margin of 90.8% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Groupon's operating margin?
Groupon (GRPN) had an operating margin of 4.7% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Groupon's net profit margin?
Groupon (GRPN) had a net profit margin of -16.7% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Groupon's free cash flow?
Groupon (GRPN) generated $49.9M in free cash flow during fiscal year 2025. This represents a 23.0% 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 Groupon's operating cash flow?
Groupon (GRPN) generated $64.5M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Groupon's total assets?
Groupon (GRPN) had $670.4M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Groupon's capital expenditures?
Groupon (GRPN) invested $14.6M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Groupon's current ratio?
Groupon (GRPN) had a current ratio of 0.98 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is Groupon's debt-to-equity ratio?
Groupon (GRPN) had a debt-to-equity ratio of -7.26 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Groupon's return on assets (ROA)?
Groupon (GRPN) had a return on assets of -12.4% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
Why is Groupon's debt-to-equity ratio negative or unusual?
Groupon (GRPN) has negative shareholder equity of -$42.6M as of fiscal year 2025, which causes the debt-to-equity ratio to appear negative or not meaningful. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.
What is Groupon's Altman Z-Score?
Groupon (GRPN) has an Altman Z-Score of -1.63, 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 Groupon's Piotroski F-Score?
Groupon (GRPN) has a Piotroski F-Score of 3 out of 9, indicating weak 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 Groupon's earnings high quality?
Groupon (GRPN) has an earnings quality ratio of -0.77x, considered mixed quality. 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 Groupon cover its interest payments?
Groupon (GRPN) has an interest coverage ratio of 1.7x, meaning it can struggle to cover its interest obligations. 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 Groupon?
Groupon (GRPN) scores 38 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.