What is SharkNinja, Inc.'s earnings per share (EPS)?

SharkNinja, Inc. (SN) reported diluted earnings per share of $4.94 for fiscal year 2025. This represents a 58.8% 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.

SharkNinja, Inc. Financials

FY2025 annual

Revenue $6.4B +15.7% YoY

Net Income $701.4M +59.9% YoY

EPS (Diluted) $4.94 +58.8% YoY

Free Cash Flow $488.1M +58.0% YoY

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Aug 5, 2026 Currency USD FYE December

SharkNinja, Inc. (SN) reported $6.4B in revenue for fiscal year 2025, up 15.7% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 5 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).

Rhea AI SN FY2025 2026-08-29

Scale-driven margin expansion is SharkNinja’s dominant mechanic, with overhead growing slower than sales and debt becoming less central.

The FY2024-to-FY2025 margin step-up reflects operating leverage rather than mere volume: sales increased 15.7% while operating margin rose 2.3 percentage points. SG&A declined to $390M even as sales expanded, indicating growth was absorbed without proportionately enlarging overhead.

Cash conversion is positive but not one-for-one: FY2025 net income was $701M versus operating cash flow of $634M. Capital expenditures of $146M then left free cash flow at $488M, so accounting earnings exceeded cash available after reinvestment.

The balance sheet is becoming less leveraged: debt-to-equity fell from 0.5x in FY2023 to 0.3x in FY2025, reducing reliance on debt. A 2.0x current ratio also indicates improved short-term coverage alongside the earnings improvement.

Financial Health Signals

Financial Health Score 75/100

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 SharkNinja, 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.

Profitability

SharkNinja, Inc. has an operating margin of 14.4%, meaning the company retains $14 of operating profit per $100 of revenue. This strong profitability earns a score of 75/100, reflecting efficient cost management and pricing power. This is up from 11.7% the prior year.

Growth

SharkNinja, Inc.'s revenue surged 15.7% year-over-year to $6.4B, reflecting rapid business expansion. This strong growth earns a score of 84/100.

Leverage

SharkNinja, Inc. carries a low D/E ratio of 0.26, meaning only $0.26 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 91/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

SharkNinja, Inc.'s current ratio of 2.04 indicates adequate short-term liquidity, earning a score of 58/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow

SharkNinja, Inc. has a free cash flow margin of 7.6%, earning a moderate score of 53/100. The company generates positive cash flow after capital investments, but with room for improvement.

Returns

SharkNinja, Inc. earns a strong 26.2% return on equity (ROE), meaning it generates $26 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 86/100. This is up from 22.7% the prior year.

Altman Z-Score Safe

8.64

SharkNinja, Inc. scores 8.64, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($26.9B) relative to total liabilities ($2.7B). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Neutral

6/9

SharkNinja, Inc. passes 6 of 9 financial strength tests. 3 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Mixed

0.90x

For every $1 of reported earnings, SharkNinja, Inc. generates $0.90 in operating cash flow ($634.1M OCF vs $701.4M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Key Financial Metrics

Export CSV

Earnings & Revenue

Revenue

$6.4B

YoY+15.7%

SharkNinja, Inc. generated $6.4B in revenue in fiscal year 2025. This represents an increase of 15.7% from the prior year.

EBITDA

$1.1B

YoY+38.1%

SharkNinja, Inc.'s EBITDA was $1.1B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 38.1% from the prior year.

Net Income

$701.4M

YoY+59.9%

SharkNinja, Inc. reported $701.4M in net income in fiscal year 2025. This represents an increase of 59.9% from the prior year.

EPS (Diluted)

$4.94

YoY+58.8%

SharkNinja, Inc. earned $4.94 per diluted share (EPS) in fiscal year 2025. This represents an increase of 58.8% from the prior year.

Cash & Balance Sheet

Free Cash Flow

$488.1M

YoY+58.0%

SharkNinja, Inc. generated $488.1M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 58.0% from the prior year.

Cash & Debt

$777.3M

YoY+113.7%

SharkNinja, Inc. held $777.3M in cash against $696.8M in long-term debt as of fiscal year 2025.

Shares Outstanding

141M

YoY+0.6%

SharkNinja, Inc. had 141M shares outstanding in fiscal year 2025. This represents an increase of 0.6% from the prior year.

Dividends Per Share

Not reported for fiscal year 2025.

Margins & Returns

Gross Margin

49.0%

YoY+0.9pp

SharkNinja, Inc.'s gross margin was 49.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 0.9 percentage points from the prior year.

Operating Margin

14.4%

YoY+2.7pp

SharkNinja, Inc.'s operating margin was 14.4% in fiscal year 2025, reflecting core business profitability. This is up 2.7 percentage points from the prior year.

Net Margin

11.0%

YoY+3.0pp

SharkNinja, Inc.'s net profit margin was 11.0% in fiscal year 2025, showing the share of revenue converted to profit. This is up 3.0 percentage points from the prior year.

Return on Equity

26.2%

YoY+3.6pp

SharkNinja, Inc.'s ROE was 26.2% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 3.6 percentage points from the prior year.

Capital Allocation

R&D Spending

$368.1M

YoY+7.8%

SharkNinja, Inc. invested $368.1M in research and development in fiscal year 2025. This represents an increase of 7.8% from the prior year.

Capital Expenditures

$146.1M

YoY+6.1%

SharkNinja, Inc. invested $146.1M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 6.1% from the prior year.

Share Buybacks

Not reported for fiscal year 2025.

SN Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

SN quarterly income statement

Metric	FY25	FY24	FY23	FY22	FY21
Revenue	$6.4B+15.7%	$5.5B+30.0%	$4.3B+14.4%	$3.7B-0.3%	$3.7B
Cost of Revenue	$3.3B+13.8%	$2.9B+22.2%	$2.3B+1.7%	$2.3B+0.8%	$2.3B
Gross Profit	$3.1B+17.8%	$2.7B+39.5%	$1.9B+35.3%	$1.4B-1.9%	$1.4B
R&D Expenses	$368.1M+7.8%	$341.3M+36.9%	$249.4M+15.6%	$215.7M+7.5%	$200.6M
SG&A Expenses	$390.1M-10.0%	$433.4M+11.9%	$387.3M+54.2%	$251.2M+39.5%	$180.1M
Operating Income	$920.3M+42.9%	$644.2M+72.4%	$373.6M+16.2%	$321.4M-26.7%	$438.3M
Income Tax	$198.9M+48.7%	$133.8M+6.0%	$126.2M+81.2%	$69.6M-16.3%	$83.2M
Net Income	$701.4M+59.9%	$438.7M+162.5%	$167.1M-28.1%	$232.4M-29.8%	$331.1M
EPS (Diluted)	$4.94+58.8%	$3.11+159.2%	$1.20-28.1%	$1.67-29.8%	$2.38

Metric	Q2'26	Q1'26	Q4'25	Q2'25	Q1'25	Q4'24	Q4'23	Q4'22
Revenue	$1.8B+25.0%	$1.4B	N/A	$1.4B+18.2%	$1.2B	N/A	N/A	N/A
Cost of Revenue	$905.1M+26.1%	$717.8M	N/A	$736.7M+18.9%	$619.4M	N/A	N/A	N/A
Gross Profit	$860.3M+23.8%	$695.0M	N/A	$708.2M+17.4%	$603.2M	N/A	N/A	N/A
R&D Expenses	$109.3M+10.6%	$98.9M	N/A	$89.4M+2.1%	$87.6M	N/A	N/A	N/A
SG&A Expenses	$130.1M+12.0%	$116.2M	N/A	$92.4M-2.7%	$94.9M	N/A	N/A	N/A
Operating Income	$179.4M+9.0%	$164.5M	N/A	$168.6M+16.4%	$144.9M	N/A	N/A	N/A
Income Tax	$33.9M+29.7%	$26.1M	N/A	$41.3M+49.1%	$27.7M	N/A	N/A	N/A
Net Income	$129.8M+6.9%	$121.5M	N/A	$139.6M+18.5%	$117.8M	N/A	N/A	N/A
EPS (Diluted)	$0.92+8.2%	$0.85	N/A	$0.98+18.1%	$0.83	N/A	N/A	N/A

Not reported in any period shown, so not listed: Interest Expense.

SN Balance Sheet

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

SN quarterly balance sheet

Metric	FY25	FY24	FY23	FY22	FY21
Total Assets	$5.3B+21.7%	$4.4B+26.0%	$3.5B+5.8%	$3.3B	N/A
Current Assets	$3.6B+36.6%	$2.6B+39.4%	$1.9B+10.6%	$1.7B	N/A
Cash & Equivalents	$777.3M+113.7%	$363.7M+136.1%	$154.1M-20.1%	$192.9M-14.4%	$225.4M
Inventory	$1.0B+11.4%	$900.0M+28.6%	$699.7M+27.6%	$548.6M	N/A
Accounts Receivable	$1.7B+31.6%	$1.3B+28.6%	$985.2M+28.5%	$766.5M	N/A
Goodwill	$834.8M0.0%	$834.8M+0.1%	$834.2M-0.7%	$840.1M	N/A
Total Liabilities	$2.7B+8.7%	$2.5B+22.4%	$2.0B+36.9%	$1.5B	N/A
Current Liabilities	$1.8B+16.0%	$1.5B+35.9%	$1.1B+16.1%	$968.7M	N/A
Long-Term Debt	$696.8M-5.3%	$736.1M-5.1%	$775.5M+122.1%	$349.2M	N/A
Total Equity	$2.7B+38.2%	$1.9B+30.9%	$1.5B-19.1%	$1.8B+3.8%	$1.8B
Retained Earnings	$1.6B+77.2%	$909.0M+93.3%	$470.3M-47.6%	$896.7M	N/A

Metric	Q2'26	Q1'26	Q4'25	Q2'25	Q1'25	Q4'24	Q4'23	Q4'22
Total Assets	$5.6B+11.4%	$5.0B-6.2%	$5.3B	N/A	N/A	$4.4B+26.0%	$3.5B+5.8%	$3.3B
Current Assets	$3.8B+15.4%	$3.3B-9.7%	$3.6B	N/A	N/A	$2.6B+39.4%	$1.9B+10.6%	$1.7B
Cash & Equivalents	$779.8M+52.4%	$511.8M-34.2%	$777.3M+312.9%	$188.2M-16.2%	$224.7M-38.2%	$363.7M+136.1%	$154.1M-20.1%	$192.9M
Inventory	$1.1B+10.5%	$1.0B+3.2%	$1.0B	N/A	N/A	$900.0M+28.6%	$699.7M+27.6%	$548.6M
Accounts Receivable	$1.6B+7.2%	$1.5B-11.5%	$1.7B	N/A	N/A	$1.3B+28.6%	$985.2M+28.5%	$766.5M
Goodwill	$834.8M0.0%	$834.8M0.0%	$834.8M	N/A	N/A	$834.8M+0.1%	$834.2M-0.7%	$840.1M
Total Liabilities	$2.7B+21.9%	$2.3B-15.6%	$2.7B	N/A	N/A	$2.5B+22.4%	$2.0B+36.9%	$1.5B
Current Liabilities	$1.8B+31.8%	$1.4B-22.6%	$1.8B	N/A	N/A	$1.5B+35.9%	$1.1B+16.1%	$968.7M
Long-Term Debt	$677.1M-1.4%	$687.0M-1.4%	$696.8M	N/A	N/A	$736.1M-5.1%	$775.5M+122.1%	$349.2M
Total Equity	$2.8B+2.9%	$2.8B+3.2%	$2.7B+21.2%	$2.2B+8.3%	$2.0B+5.3%	$1.9B+30.9%	$1.5B-19.1%	$1.8B
Retained Earnings	$1.9B+7.5%	$1.7B+7.5%	$1.6B	N/A	N/A	$909.0M+93.3%	$470.3M-47.6%	$896.7M

SN Cash Flow Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

SN quarterly cash flow statement

Metric	FY25	FY24	FY23	FY22	FY21
Operating Cash Flow	$634.1M+42.0%	$446.6M+59.2%	$280.6M+36.9%	$205.0M-10.6%	$229.1M
Capital Expenditures	$146.1M+6.1%	$137.7M+12.2%	$122.7M+52.9%	$80.3M+67.2%	$48.0M
Free Cash Flow	$488.1M+58.0%	$308.9M+95.7%	$157.9M+26.6%	$124.7M-31.2%	$181.2M
Investing Cash Flow	-$159.8M-5.7%	-$151.2M-28.0%	-$118.1M-125.4%	-$52.4M+21.1%	-$66.4M
Financing Cash Flow	-$77.1M+5.1%	-$81.2M+65.4%	-$234.9M-46.6%	-$160.2M-193.9%	-$54.5M
Dividends Paid	$0	$0-100.0%	$150.2M	$0	$0

Metric	Q2'26	Q1'26	Q4'25	Q2'25	Q1'25	Q4'24	Q4'23	Q4'22
Operating Cash Flow	$431.8M+376.3%	-$156.3M	N/A	-$9.1M+83.4%	-$54.9M	N/A	N/A	N/A
Capital Expenditures	$49.1M+44.9%	$33.9M	N/A	$27.4M-16.0%	$32.7M	N/A	N/A	N/A
Free Cash Flow	$382.6M+301.2%	-$190.2M	N/A	-$36.5M+58.3%	-$87.5M	N/A	N/A	N/A
Investing Cash Flow	-$53.0M-38.1%	-$38.4M	N/A	-$27.6M+25.0%	-$36.8M	N/A	N/A	N/A
Financing Cash Flow	-$110.8M-60.3%	-$69.2M	N/A	-$10.9M+78.7%	-$51.1M	N/A	N/A	N/A
Share Buybacks	$100.7M+445.6%	$18.5M	N/A	$0	$0	N/A	N/A	N/A

Not reported in any period shown, so not listed: Dividends Paid.

SN Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples.

SN quarterly financial ratios

Metric	FY25	FY24	FY23	FY22	FY21
Gross Margin	49.0%+0.9pp	48.1%+3.3pp	44.9%+6.9pp	37.9%-0.7pp	38.6%
Operating Margin	14.4%+2.7pp	11.7%+2.9pp	8.8%+0.1pp	8.6%-3.1pp	11.8%
Net Margin	11.0%+3.0pp	7.9%+4.0pp	3.9%-2.3pp	6.3%-2.6pp	8.9%
Return on Equity	26.2%+3.6pp	22.7%+11.4pp	11.3%-1.4pp	12.7%-6.1pp	18.8%
Return on Assets	13.1%+3.1pp	10.0%+5.2pp	4.8%-2.3pp	7.0%	N/A
Current Ratio	2.04+0.3x	1.730.0x	1.69-0.1x	1.77	N/A
Debt-to-Equity	0.26-0.1x	0.38-0.1x	0.52+0.3x	0.19	N/A
FCF Margin	7.6%+2.0pp	5.6%+1.9pp	3.7%+0.4pp	3.4%-1.5pp	4.9%

Metric	Q2'26	Q1'26	Q4'25	Q2'25	Q1'25	Q4'24	Q4'23	Q4'22
Gross Margin	48.7%-0.5pp	49.2%	N/A	49.0%-0.3pp	49.3%	N/A	N/A	N/A
Operating Margin	10.2%-1.5pp	11.7%	N/A	11.7%-0.2pp	11.9%	N/A	N/A	N/A
Net Margin	7.3%-1.2pp	8.6%	N/A	9.7%0.0pp	9.6%	N/A	N/A	N/A
Return on Equity	4.6%+0.2pp	4.4%	N/A	6.3%+0.5pp	5.8%	N/A	N/A	N/A
Return on Assets	2.3%-0.1pp	2.4%	N/A	N/A	N/A	N/A	N/A	N/A
Current Ratio	2.08-0.3x	2.38+0.3x	2.04	N/A	N/A	1.730.0x	1.69-0.1x	1.77
Debt-to-Equity	0.240.0x	0.250.0x	0.26	N/A	N/A	0.38-0.1x	0.52+0.3x	0.19
FCF Margin	21.7%+35.1pp	-13.5%	N/A	-2.5%+4.6pp	-7.2%	N/A	N/A	N/A

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Where SharkNinja, Inc. Ranks

Frequently Asked Questions

What is SharkNinja, Inc.'s annual revenue?

SharkNinja, Inc. (SN) reported $6.4B in total revenue for fiscal year 2025. This represents a 15.7% 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 SharkNinja, Inc.'s revenue growing?

SharkNinja, Inc. (SN) revenue grew by 15.7% year-over-year, from $5.5B to $6.4B in fiscal year 2025.

Is SharkNinja, Inc. profitable?

Yes, SharkNinja, Inc. (SN) reported a net income of $701.4M in fiscal year 2025, with a net profit margin of 11.0%.

What is SharkNinja, Inc.'s EBITDA?

SharkNinja, Inc. (SN) had EBITDA of $1.1B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does SharkNinja, Inc. have?

As of fiscal year 2025, SharkNinja, Inc. (SN) had $777.3M in cash and equivalents against $696.8M in long-term debt.

What is SharkNinja, Inc.'s gross margin?

SharkNinja, Inc. (SN) had a gross margin of 49.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is SharkNinja, Inc.'s operating margin?

SharkNinja, Inc. (SN) had an operating margin of 14.4% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is SharkNinja, Inc.'s net profit margin?

SharkNinja, Inc. (SN) had a net profit margin of 11.0% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is SharkNinja, Inc.'s return on equity (ROE)?

SharkNinja, Inc. (SN) has a return on equity of 26.2% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is SharkNinja, Inc.'s free cash flow?

SharkNinja, Inc. (SN) generated $488.1M in free cash flow during fiscal year 2025. This represents a 58.0% 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 SharkNinja, Inc.'s operating cash flow?

SharkNinja, Inc. (SN) generated $634.1M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are SharkNinja, Inc.'s total assets?

SharkNinja, Inc. (SN) had $5.3B in total assets as of fiscal year 2025, including both current and long-term assets.

What are SharkNinja, Inc.'s capital expenditures?

SharkNinja, Inc. (SN) invested $146.1M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How much does SharkNinja, Inc. spend on research and development?

SharkNinja, Inc. (SN) invested $368.1M in research and development during fiscal year 2025.

How many shares does SharkNinja, Inc. have outstanding?

SharkNinja, Inc. (SN) had 141M shares outstanding as of fiscal year 2025.

What is SharkNinja, Inc.'s current ratio?

SharkNinja, Inc. (SN) had a current ratio of 2.04 as of fiscal year 2025, which is generally considered healthy.

What is SharkNinja, Inc.'s debt-to-equity ratio?

SharkNinja, Inc. (SN) had a debt-to-equity ratio of 0.26 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is SharkNinja, Inc.'s return on assets (ROA)?

SharkNinja, Inc. (SN) had a return on assets of 13.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is SharkNinja, Inc.'s Altman Z-Score?

SharkNinja, Inc. (SN) has an Altman Z-Score of 8.64, placing it in the Safe Zone (low 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 SharkNinja, Inc.'s Piotroski F-Score?

SharkNinja, Inc. (SN) has a Piotroski F-Score of 6 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 SharkNinja, Inc.'s earnings high quality?

SharkNinja, Inc. (SN) has an earnings quality ratio of 0.90x, 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.

How financially healthy is SharkNinja, Inc.?

SharkNinja, Inc. (SN) scores 75 out of 100 on our Financial Health Score, indicating strong 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.