Soho House & Co Inc Financials

SHCO

Source SEC Filings (10-K/10-Q) Updated Sep 28, 2025 Currency USD FYE December

Financial Health Signals

Financial Profile 18/100

Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

Soho House & Co Inc has an operating margin of -5.8%, meaning the company retains $-6 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is down from -3.2% the prior year.

Growth

Soho House & Co Inc's revenue grew 7.0% year-over-year to $1.2B, a solid pace of expansion. This earns a growth score of 49/100.

Liquidity

Soho House & Co Inc's current ratio of 0.82 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 13/100, which could limit financial flexibility.

Cash Flow

While Soho House & Co Inc generated $89.7M in operating cash flow, capex of $64.2M consumed most of it, leaving $25.5M in free cash flow. This results in a low score of 11/100, reflecting heavy capital investment rather than weak cash generation.

Piotroski F-Score Weak

3/9

Soho House & Co Inc 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), both operating efficiency signals pass.

Earnings Quality Mixed

-0.55x

For every $1 of reported earnings, Soho House & Co Inc generates $-0.55 in operating cash flow ($89.7M OCF vs -$163.0M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Interest Coverage At Risk

-0.8x

Soho House & Co Inc earns $-0.8 in operating income for every $1 of interest expense (-$70.0M vs $83.5M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

This page shows Soho House & Co Inc (SHCO) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 6 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).

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Key Financial Metrics

Revenue

$1.2B

YoY+7.0%

5Y CAGR+13.4%

Soho House & Co Inc generated $1.2B in revenue in fiscal year 2024. This represents an increase of 7.0% from the prior year.

EBITDA

$31.5M

YoY-58.4%

Soho House & Co Inc's EBITDA was $31.5M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 58.4% from the prior year.

Free Cash Flow

$25.5M

YoY+234.5%

Soho House & Co Inc generated $25.5M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 234.5% from the prior year.

Net Income

-$163.0M

YoY-24.8%

Soho House & Co Inc reported -$163.0M in net income in fiscal year 2024. This represents a decrease of 24.8% from the prior year.

EPS (Diluted)

$-0.84

YoY-25.4%

Soho House & Co Inc earned $-0.84 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 25.4% from the prior year.

Cash & Debt

$152.7M

YoY-5.2%

5Y CAGR+22.1%

Soho House & Co Inc held $152.7M in cash against $656.9M in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

N/A

Gross Margin

N/A

Operating Margin

-5.8%

YoY-2.7pp

5Y CAGR+3.4pp

Soho House & Co Inc's operating margin was -5.8% in fiscal year 2024, reflecting core business profitability. This is down 2.7 percentage points from the prior year.

Net Margin

-13.5%

YoY-1.9pp

5Y CAGR+6.4pp

Soho House & Co Inc's net profit margin was -13.5% in fiscal year 2024, showing the share of revenue converted to profit. This is down 1.9 percentage points from the prior year.

Return on Equity

N/A

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

$64.2M

YoY-2.7%

5Y CAGR-15.4%

Soho House & Co Inc invested $64.2M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 2.7% from the prior year.

SHCO Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$1.2B+7.0%	$1.1B+15.3%	$976.0M+74.1%	$560.6M+45.8%	$384.4M-40.1%	$642.0M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$152.9M+6.5%	$143.6M+16.3%	$123.4M+38.1%	$89.4M+19.3%	$75.0M-0.7%	$75.5M
Operating Income	-$70.0M-96.8%	-$35.6M+76.4%	-$151.0M+19.7%	-$188.0M-21.5%	-$154.7M-162.9%	-$58.9M
Interest Expense	$83.5M-0.7%	$84.1M+17.6%	$71.5M-15.2%	$84.4M+8.5%	$77.8M+21.3%	$64.1M
Income Tax	$13.3M+23.2%	$10.8M+110.7%	$5.1M+473.9%	$894K+215.2%	-$776K-117.4%	$4.5M
Net Income	-$163.0M-24.8%	-$130.5M+41.8%	-$224.2M+15.5%	-$265.4M-16.2%	-$228.5M-78.8%	-$127.7M
EPS (Diluted)	$-0.84-25.4%	$-0.67+40.2%	$-1.12	$-1.88-14.6%	$-1.64	N/A

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Revenue	$370.8M+12.4%	$329.8M+16.6%	$282.9M-7.4%	$305.6M-8.3%	$333.4M+10.0%	$302.9M+15.7%	$261.9M-8.9%	$287.6M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$48.2M+19.7%	$40.3M+10.5%	$36.4M-9.2%	$40.2M+1.2%	$39.7M+2.4%	$38.7M+12.7%	$34.4M-14.5%	$40.2M
Operating Income	-$6.0M-110.1%	$59.7M+71.1%	$34.9M+149.4%	-$70.7M-286.5%	$37.9M+392.7%	-$12.9M+46.8%	-$24.3M+15.4%	-$28.8M
Interest Expense	$22.6M+4.1%	$21.7M+1.4%	$21.4M-1.4%	$21.7M+5.0%	$20.7M+3.3%	$20.0M-5.7%	$21.2M-13.9%	$24.6M
Income Tax	-$10.9M-168.7%	$15.9M+135.3%	$6.7M+1878.9%	-$379K-102.1%	$18.0M+1734.3%	-$1.1M+65.8%	-$3.2M-159.5%	$5.4M
Net Income	-$18.7M-177.5%	$24.1M+221.2%	$7.5M+108.2%	-$91.1M-52145.7%	$175K+100.6%	-$30.2M+27.8%	-$41.9M+32.1%	-$61.7M
EPS (Diluted)	$-0.10-176.9%	$0.13+225.0%	$0.04+108.3%	$-0.48	$0.00+100.0%	$-0.15+28.6%	$-0.21+36.4%	$-0.33

SHCO Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$2.4B-3.3%	$2.5B+1.3%	$2.5B-0.8%	$2.5B+5.6%	$2.4B	N/A
Current Assets	$388.4M-0.1%	$388.7M+3.6%	$375.2M-12.1%	$427.1M+30.7%	$326.7M	N/A
Cash & Equivalents	$152.7M-5.2%	$161.1M+4.7%	$153.8M-44.5%	$277.2M+286.7%	$71.7M+27.3%	$56.3M
Inventory	$54.4M-5.5%	$57.6M+0.3%	$57.4M+64.7%	$34.8M+17.3%	$29.7M	N/A
Accounts Receivable	$78.9M+35.8%	$58.1M+30.7%	$44.5M+68.3%	$26.4M+36.6%	$19.3M	N/A
Goodwill	$195.3M-5.3%	$206.3M+2.0%	$202.3M-3.6%	$209.8M-2.1%	$214.3M+12.1%	$191.2M
Total Liabilities	$2.8B+2.9%	$2.7B+6.5%	$2.5B+6.4%	$2.4B-16.0%	$2.8B	N/A
Current Liabilities	$474.2M+11.1%	$426.8M+7.2%	$398.1M+19.2%	$333.9M+1.3%	$329.8M	N/A
Long-Term Debt	$656.9M+3.4%	$635.6M+7.5%	$591.3M+5.4%	$561.1M+22.2%	$459.3M	N/A
Total Equity	-$335.1M-100.5%	-$167.2M-338.5%	-$38.1M-127.7%	$137.4M+130.7%	-$448.3M-146.3%	-$182.0M
Retained Earnings	-$1.5B-11.8%	-$1.4B-9.4%	-$1.3B-16.3%	-$1.1B-5.9%	-$1.0B	N/A

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Total Assets	$2.7B+3.4%	$2.6B+4.6%	$2.5B+1.5%	$2.4B-5.2%	$2.6B+1.1%	$2.6B+1.0%	$2.5B-0.2%	$2.5B
Current Assets	$405.2M-0.3%	$406.6M+0.9%	$403.1M+3.8%	$388.4M-5.7%	$411.8M+1.5%	$405.6M+0.4%	$403.9M+3.9%	$388.7M
Cash & Equivalents	$142.5M-5.2%	$150.3M+0.1%	$150.1M-1.7%	$152.7M+6.9%	$142.8M-3.8%	$148.5M+6.2%	$139.8M-13.2%	$161.1M
Inventory	$65.3M+12.6%	$58.0M+5.4%	$55.0M+1.1%	$54.4M-14.7%	$63.8M+0.1%	$63.7M+2.6%	$62.1M+7.9%	$57.6M
Accounts Receivable	$68.3M-3.9%	$71.1M-13.8%	$82.5M+4.6%	$78.9M+8.8%	$72.5M+30.2%	$55.7M-5.4%	$58.9M+1.4%	$58.1M
Goodwill	$208.4M-1.0%	$210.5M+5.1%	$200.3M+2.6%	$195.3M-7.8%	$211.9M+4.0%	$203.7M-0.2%	$204.2M-1.0%	$206.3M
Total Liabilities	$3.0B+3.1%	$2.9B+4.4%	$2.8B+1.6%	$2.8B-2.8%	$2.9B+2.8%	$2.8B+2.5%	$2.7B+0.5%	$2.7B
Current Liabilities	$564.6M+1.7%	$555.2M+14.4%	$485.5M+2.4%	$474.2M-6.6%	$507.6M+8.8%	$466.4M+4.4%	$446.8M+4.7%	$426.8M
Long-Term Debt	$704.0M+1.1%	$696.1M+3.1%	$675.4M+2.8%	$656.9M-0.3%	$658.9M+1.7%	$648.0M+1.6%	$637.5M+0.3%	$635.6M
Total Equity	-$351.6M-1.6%	-$346.3M-2.7%	-$337.3M-0.7%	-$335.1M-21.8%	-$275.1M-17.5%	-$234.2M-18.7%	-$197.3M-18.0%	-$167.2M
Retained Earnings	-$1.5B-1.2%	-$1.5B+1.6%	-$1.5B+0.5%	-$1.5B-6.3%	-$1.4B-0.5%	-$1.4B-2.4%	-$1.4B-2.2%	-$1.4B

SHCO Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	$89.7M+90.9%	$47.0M+296.1%	$11.9M+109.3%	-$127.4M-233.3%	-$38.2M-1577.4%	-$2.3M
Capital Expenditures	$64.2M-2.7%	$65.9M-8.9%	$72.3M-20.3%	$90.8M-29.6%	$128.9M-12.9%	$148.0M
Free Cash Flow	$25.5M+234.5%	-$19.0M+68.7%	-$60.5M+72.3%	-$218.2M-30.5%	-$167.2M-11.3%	-$150.2M
Investing Cash Flow	-$71.2M+13.5%	-$82.4M+11.2%	-$92.8M+22.1%	-$119.1M+14.8%	-$139.9M+33.6%	-$210.8M
Financing Cash Flow	-$19.9M-505.8%	$4.9M-90.7%	$52.8M-87.1%	$408.2M+127.1%	$179.7M-8.8%	$197.0M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Operating Cash Flow	$34.9M-14.8%	$41.0M+79.7%	$22.8M-15.1%	$26.9M+30.5%	$20.6M-42.8%	$36.0M+481.8%	$6.2M-66.2%	$18.3M
Capital Expenditures	$31.5M+10.0%	$28.6M+86.9%	$15.3M+83.1%	$8.4M-19.1%	$10.3M-60.0%	$25.8M+30.9%	$19.7M+20.8%	$16.3M
Free Cash Flow	$3.5M-72.1%	$12.4M+65.1%	$7.5M-59.4%	$18.5M+80.4%	$10.3M+0.6%	$10.2M+175.5%	-$13.5M-779.9%	$2.0M
Investing Cash Flow	-$38.8M+13.2%	-$44.7M-144.3%	-$18.3M-32.1%	-$13.9M-1.7%	-$13.6M+30.0%	-$19.5M+19.9%	-$24.3M-19.9%	-$20.3M
Financing Cash Flow	-$2.3M-545.2%	-$361K+95.7%	-$8.5M-629.0%	$1.6M+110.4%	-$15.4M-168.1%	-$5.7M-1414.0%	-$379K+39.5%	-$626K
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

SHCO Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	-5.8%-2.7pp	-3.2%+12.3pp	-15.5%+18.1pp	-33.5%+6.7pp	-40.3%-31.1pp	-9.2%
Net Margin	-13.5%-1.9pp	-11.6%+11.4pp	-23.0%+24.4pp	-47.3%+12.1pp	-59.4%-39.5pp	-19.9%
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	-6.7%-1.5pp	-5.2%+3.8pp	-9.0%+1.6pp	-10.5%-1.0pp	-9.6%	N/A
Current Ratio	0.82-0.1	0.91-0.0	0.94-0.3	1.28+0.3	0.99	N/A
Debt-to-Equity	-1.96+1.8	-3.80+11.7	-15.51-19.6	4.08+5.1	-1.02	N/A
FCF Margin	2.1%+3.8pp	-1.7%+4.5pp	-6.2%+32.7pp	-38.9%+4.6pp	-43.5%-20.1pp	-23.4%

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	-1.6%-19.7pp	18.1%+5.8pp	12.3%+35.5pp	-23.1%-34.5pp	11.4%+15.6pp	-4.3%+5.0pp	-9.3%+0.7pp	-10.0%
Net Margin	-5.1%-12.4pp	7.3%+4.7pp	2.7%+32.5pp	-29.8%-29.9pp	0.1%+10.0pp	-10.0%+6.0pp	-16.0%+5.5pp	-21.4%
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	-0.7%-1.6pp	0.9%+0.6pp	0.3%+4.0pp	-3.7%-3.7pp	0.0%+1.2pp	-1.2%+0.5pp	-1.7%+0.8pp	-2.4%
Current Ratio	0.72-0.0	0.73-0.1	0.83+0.0	0.820.0	0.81-0.1	0.87-0.0	0.900.0	0.91
Debt-to-Equity	-2.000.0	-2.010.0	-2.00-0.0	-1.96+0.4	-2.40+0.4	-2.77+0.5	-3.23+0.6	-3.80
FCF Margin	0.9%-2.8pp	3.8%+1.1pp	2.7%-3.4pp	6.1%+3.0pp	3.1%-0.3pp	3.4%+8.5pp	-5.2%-5.8pp	0.7%

Note: Shareholder equity is negative (-$335.1M), 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 (0.82), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

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Frequently Asked Questions

What is Soho House & Co Inc's annual revenue?

Soho House & Co Inc (SHCO) reported $1.2B in total revenue for fiscal year 2024. This represents a 7.0% 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 Soho House & Co Inc's revenue growing?

Soho House & Co Inc (SHCO) revenue grew by 7% year-over-year, from $1.1B to $1.2B in fiscal year 2024.

Is Soho House & Co Inc profitable?

No, Soho House & Co Inc (SHCO) reported a net income of -$163.0M in fiscal year 2024, with a net profit margin of -13.5%.

What is Soho House & Co Inc's earnings per share (EPS)?

Soho House & Co Inc (SHCO) reported diluted earnings per share of $-0.84 for fiscal year 2024. This represents a -25.4% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

What is Soho House & Co Inc's EBITDA?

Soho House & Co Inc (SHCO) had EBITDA of $31.5M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Soho House & Co Inc have?

As of fiscal year 2024, Soho House & Co Inc (SHCO) had $152.7M in cash and equivalents against $656.9M in long-term debt.

What is Soho House & Co Inc's operating margin?

Soho House & Co Inc (SHCO) had an operating margin of -5.8% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.

What is Soho House & Co Inc's net profit margin?

Soho House & Co Inc (SHCO) had a net profit margin of -13.5% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

What is Soho House & Co Inc's free cash flow?

Soho House & Co Inc (SHCO) generated $25.5M in free cash flow during fiscal year 2024. This represents a 234.5% 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 Soho House & Co Inc's operating cash flow?

Soho House & Co Inc (SHCO) generated $89.7M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Soho House & Co Inc's total assets?

Soho House & Co Inc (SHCO) had $2.4B in total assets as of fiscal year 2024, including both current and long-term assets.

What are Soho House & Co Inc's capital expenditures?

Soho House & Co Inc (SHCO) invested $64.2M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

What is Soho House & Co Inc's current ratio?

Soho House & Co Inc (SHCO) had a current ratio of 0.82 as of fiscal year 2024, which is below 1.0, which may suggest potential liquidity concerns.

What is Soho House & Co Inc's debt-to-equity ratio?

Soho House & Co Inc (SHCO) had a debt-to-equity ratio of -1.96 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Soho House & Co Inc's return on assets (ROA)?

Soho House & Co Inc (SHCO) had a return on assets of -6.7% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

Why is Soho House & Co Inc's debt-to-equity ratio negative or unusual?

Soho House & Co Inc (SHCO) has negative shareholder equity of -$335.1M as of fiscal year 2024, 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 Soho House & Co Inc's Piotroski F-Score?

Soho House & Co Inc (SHCO) 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 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Soho House & Co Inc's earnings high quality?

Soho House & Co Inc (SHCO) has an earnings quality ratio of -0.55x, 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 Soho House & Co Inc cover its interest payments?

Soho House & Co Inc (SHCO) has an interest coverage ratio of -0.8x, 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 Soho House & Co Inc?

Soho House & Co Inc (SHCO) scores 18 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.