a.k.a. Brands Holding Corp. Reports Fourth Quarter and Full Year 2025 Financial Results
Key Terms
adjusted EBITDA financial
gross margin financial
Form 10-K regulatory
IEEPA tariffs regulatory
non-GAAP financial measures financial
Delivers Another Consecutive Year of Net Sales Growth; Expands Gross Margin and Enters 2026 with Strengthening Momentum
Princess Polly Announces Eight New
Fourth Quarter Financial Highlights
-
Net sales increased
3.1% to , compared to$164.0 million in the fourth quarter of 2024; up$159.0 million 2.8% on a constant currency basis1. -
In the
U.S. , net sales increased5.3% compared to the fourth quarter of 2024. -
Net loss was
, or$(14.5) million per share, in the fourth quarter of 2025, compared to net loss of$(1.35) , or$(9.4) million per share, in the fourth quarter of 2024.$(0.88) -
Adjusted EBITDA2 was
, or$2.5 million 1.5% of net sales, compared to , or$6.2 million 3.9% of net sales in the fourth quarter of 2024.
Fiscal 2025 Financial Highlights
-
Net sales increased
4.4% to , compared to$600.2 million in 2024; and increased$574.7 million 5.0% on a constant currency basis1. -
Net loss was
, or$(31.4) million per share, compared to net loss of$(2.93) , or$(26.0) million per share, in 2024.$(2.46) -
Adjusted EBITDA2 was
, or$19.7 million 3.3% of net sales, compared to , or$23.3 million 4.1% of net sales in 2024.
“We’re pleased with the progress we made in 2025 as we continued to execute against our strategic priorities and strengthen the foundation of the business,” said Ciaran Long, Chief Executive Officer of a.k.a. Brands. “We delivered another year of growth, with net sales increasing
“We enter 2026 from a position of strength, with growing momentum across the brands and mid-single-digit net sales growth quarter to date,” Long continued. “We remain focused on driving direct-to-consumer growth through exclusive, trend-right product and disciplined marketing. We see significant opportunity to expand our reach through targeted retail growth, including the new Princess Polly stores announced today, as well as strategic wholesale partnerships. At the same time, we are simplifying the business and embedding AI-driven tools to move faster, operate more efficiently and support margin expansion. We believe 2026 represents an inflection point for the company, and we are confident in our ability to deliver sustainable growth, expand adjusted EBITDA and create long-term shareholder value.”
In a separate press release issued today, the Company announced it has executed eight new Princess Polly store leases across the
Fourth Quarter Financial Details
-
Net sales increased
3.1% to , compared to$164.0 million in the fourth quarter of 2024. On a constant currency1 basis, net sales increased$159.0 million 2.8% . -
Gross margin was
55.6% in the fourth quarter of 2025, compared to55.9% in the same period last year, reflecting out-of-stocks in best-selling styles in October due to the supply chain transition. -
Selling expenses were
, compared to$51.0 million in the fourth quarter of 2024. Selling expenses were$44.6 million 31.1% of net sales, compared to28.0% of net sales in the fourth quarter of 2024, driven by the expanding retail footprint. -
Marketing expenses were
, compared to$20.5 million in the fourth quarter of 2024. Marketing expenses were$22.3 million 12.5% of net sales, compared to14.0% of net sales in the fourth quarter of 2024. -
General and administrative (“G&A”) expenses were
, compared to$30.3 million in the fourth quarter of 2024. G&A expenses were$24.9 million 18.5% of net sales, compared to15.7% of net sales in the fourth quarter of 2024. The increase in G&A expenses as a percentage of net sales was primarily due to an increase in non-routine legal matters. -
Adjusted EBITDA2 was
, or$2.5 million 1.5% of net sales, compared to , or$6.2 million 3.9% of net sales in the fourth quarter of 2024.
Full year 2025 financial details are included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025.
Balance Sheet and Cash Flow
-
Cash and cash equivalents at the end of the fourth quarter totaled
, compared to$20.3 million at the end of the fourth quarter of 2024.$24.2 million -
Inventory at the end of the fourth quarter totaled
, compared to$86.2 million at the end of the fourth quarter of 2024.$95.8 million -
Debt at the end of the fourth quarter totaled
, compared to$111.1 million at the end of the fourth quarter of 2024.$111.7 million -
Cash flow provided by operations for the year ended December 31, 2025 was
, compared to cash provided by operations of$16.4 million for the year ended December 31, 2024. The increase was primarily driven by more sell through of inventory in 2025, as compared to 2024.$0.7 million
Outlook
For the full year fiscal 2026, the Company expects:
-
Net sales between
and$625 million $635 million -
Adjusted EBITDA3 between
and$27 million $29 million - Weighted average diluted share count of 11 million
-
Capital expenditures of approximately
to$18 million $20 million
For the first quarter of 2026, the Company expects:
-
Net sales between
and$130 million $132 million -
Adjusted EBITDA3 between
and$1.5 million $2.0 million - Weighted average diluted share count of 10.8 million
The outlook above contemplates the tariff rates in place exiting 2025, and does not include the impact of any potential refunds as a result of the Supreme Court’s decision to overturn the IEEPA tariffs. The guidance and forward-looking statements made in this press release and on the conference call are based on management's expectations as of the date of this press release. See “Forward-Looking Statements” for additional information.
Conference Call
A conference call to discuss the Company’s fourth quarter and full year 2025 results is scheduled for March 5, 2026, at 4:30 p.m. ET. a.k.a. Brands’ webcast will be available via the company website at ir.aka-brands.com. Analysts and investors may call in on (877) 858-5495 or (201) 689-8853. A replay of the conference call will be available approximately three hours after the conclusion of the call on the Company’s website at ir.aka-brands.com or by dialing (877) 660-6853 or (201) 612-7415 for international callers, conference ID 13757915. The replay will be available until March 12, 2026.
Use of Non-GAAP Financial Measures and Other Operating Metrics
In addition to results determined in accordance with accounting principles generally accepted in
About a.k.a. Brands
a.k.a. Brands maintains a portfolio of global fashion brands, Princess Polly, Culture Kings, Petal and Pup and mnml. Through these brands we reach a broad audience of next-generation consumers who seek fashion inspiration on social media and primarily shop online. Our brands are hyper-focused on the customer and serving them newness and a seamless experience throughout the entire shopping journey. We leverage a data-driven ‘test, repeat & clear’ merchandising model that allows us to introduce new and exclusive fashion weekly, so our customers are always on-trend. We leverage innovative data-driven insights to authentically connect and engage with customers across the latest marketing platforms. Further, we are committed to showing up for customers wherever they shop, whether that’s online, in-stores or through wholesale channels. Leveraging our industry expertise and operational synergies, we help accelerate our brands so they can grow faster, reach broader audiences, achieve greater scale and enhance their profitability. We believe we are disrupting the status quo and pioneering a new approach to fashion.
Forward-Looking Statements
Certain statements made in this release are “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this press release, the words “estimates,” “projected,” “expects,” “anticipates,” “forecasts,” “plans,” “intends,” “believes,” “seeks,” “may,” “will,” “should,” “future,” “propose” and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements.
These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside the Company’s control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements.
Important factors, among others, that may affect actual results or outcomes include the effects of economic downturns and unstable market conditions; our ability in the future to continue to comply with the New York Stock Exchange’s (NYSE) listing standards and maintain the listing of our common stock on the NYSE; risks related to doing business in
a.k.a. BRANDS HOLDING CORP. CONDENSED CONSOLIDATED STATEMENTS OF INCOME (in thousands, except share and per share data) (unaudited) |
|||||||||||||||
|
Three Months Ended December 31, |
|
Year Ended December 31, |
||||||||||||
|
|
2025 |
|
|
|
2024 |
|
|
|
2025 |
|
|
|
2024 |
|
Net sales |
$ |
163,950 |
|
|
$ |
159,023 |
|
|
$ |
600,208 |
|
|
$ |
574,697 |
|
Cost of sales |
|
72,874 |
|
|
|
70,081 |
|
|
|
256,149 |
|
|
|
247,192 |
|
Gross profit |
|
91,076 |
|
|
|
88,942 |
|
|
|
344,059 |
|
|
|
327,505 |
|
Operating expenses: |
|
|
|
|
|
|
|
||||||||
Selling |
|
51,021 |
|
|
|
44,559 |
|
|
|
177,822 |
|
|
|
161,852 |
|
Marketing |
|
20,534 |
|
|
|
22,278 |
|
|
|
74,125 |
|
|
|
74,710 |
|
General and administrative |
|
30,268 |
|
|
|
24,897 |
|
|
|
110,161 |
|
|
|
101,264 |
|
Total operating expenses |
|
101,823 |
|
|
|
91,734 |
|
|
|
362,108 |
|
|
|
337,826 |
|
Loss from operations |
|
(10,747 |
) |
|
|
(2,792 |
) |
|
|
(18,049 |
) |
|
|
(10,321 |
) |
Other expense, net: |
|
|
|
|
|
|
|
||||||||
Interest expense |
|
(2,451 |
) |
|
|
(2,635 |
) |
|
|
(9,975 |
) |
|
|
(10,296 |
) |
Other (expense) income |
|
(73 |
) |
|
|
4 |
|
|
|
(1,291 |
) |
|
|
(1,044 |
) |
Total other expense, net |
|
(2,524 |
) |
|
|
(2,631 |
) |
|
|
(11,266 |
) |
|
|
(11,340 |
) |
Loss before income taxes |
|
(13,271 |
) |
|
|
(5,423 |
) |
|
|
(29,315 |
) |
|
|
(21,661 |
) |
Provision for income tax |
|
(1,227 |
) |
|
|
(3,934 |
) |
|
|
(2,119 |
) |
|
|
(4,329 |
) |
Net loss |
$ |
(14,498 |
) |
|
$ |
(9,357 |
) |
|
$ |
(31,434 |
) |
|
$ |
(25,990 |
) |
|
|
|
|
|
|
|
|
||||||||
Net loss per share, basic and diluted |
$ |
(1.35 |
) |
|
$ |
(0.88 |
) |
|
$ |
(2.93 |
) |
|
$ |
(2.46 |
) |
Weighted average shares outstanding, basic and diluted |
|
10,751,859 |
|
|
|
10,655,476 |
|
|
|
10,725,607 |
|
|
|
10,567,656 |
|
a.k.a. BRANDS HOLDING CORP. CONDENSED CONSOLIDATED BALANCE SHEETS (in thousands) (unaudited) |
|||||||
|
December 31,
|
|
December 31,
|
||||
Assets |
|
|
|
||||
Current assets: |
|
|
|
||||
Cash and cash equivalents |
$ |
20,273 |
|
|
$ |
24,192 |
|
Accounts receivable, net |
|
10,650 |
|
|
|
8,107 |
|
Inventory |
|
86,177 |
|
|
|
95,750 |
|
Prepaid expenses and other current assets |
|
12,371 |
|
|
|
16,720 |
|
Total current assets |
|
129,471 |
|
|
|
144,769 |
|
Property and equipment, net |
|
39,315 |
|
|
|
31,262 |
|
Operating lease right-of-use assets |
|
88,624 |
|
|
|
65,382 |
|
Intangible assets, net |
|
43,470 |
|
|
|
52,354 |
|
Goodwill |
|
93,695 |
|
|
|
89,254 |
|
Deferred tax assets |
|
8 |
|
|
|
47 |
|
Other assets |
|
2,799 |
|
|
|
2,136 |
|
Total assets |
$ |
397,382 |
|
|
$ |
385,204 |
|
Liabilities and stockholders’ equity |
|
|
|
||||
Current liabilities: |
|
|
|
||||
Accounts payable |
$ |
31,248 |
|
|
$ |
30,299 |
|
Accrued liabilities |
|
33,532 |
|
|
|
31,216 |
|
Sales returns reserve |
|
7,889 |
|
|
|
7,587 |
|
Deferred revenue |
|
12,707 |
|
|
|
12,215 |
|
Income taxes payable |
|
243 |
|
|
|
1,039 |
|
Operating lease liabilities, current |
|
13,052 |
|
|
|
8,382 |
|
Current portion of long-term debt |
|
6,375 |
|
|
|
6,300 |
|
Total current liabilities |
|
105,046 |
|
|
|
97,038 |
|
Long-term debt |
|
104,695 |
|
|
|
105,411 |
|
Operating lease liabilities |
|
87,668 |
|
|
|
63,496 |
|
Other long-term liabilities |
|
2,202 |
|
|
|
1,625 |
|
Total liabilities |
|
299,611 |
|
|
|
267,570 |
|
Stockholders’ equity: |
|
|
|
||||
Preferred stock |
|
— |
|
|
|
— |
|
Common stock |
|
128 |
|
|
|
128 |
|
Additional paid-in capital |
|
476,124 |
|
|
|
471,758 |
|
Accumulated other comprehensive loss |
|
(53,644 |
) |
|
|
(60,849 |
) |
Accumulated deficit |
|
(324,837 |
) |
|
|
(293,403 |
) |
Total stockholders’ equity |
|
97,771 |
|
|
|
117,634 |
|
Total liabilities and stockholders’ equity |
$ |
397,382 |
|
|
$ |
385,204 |
|
a.k.a. BRANDS HOLDING CORP. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (in thousands) (unaudited) |
|||||||
|
Year Ended December 31, |
||||||
|
|
2025 |
|
|
|
2024 |
|
Cash flows from operating activities: |
|
|
|
||||
Net loss |
$ |
(31,434 |
) |
|
$ |
(25,990 |
) |
Adjustments to reconcile net loss to net cash provided by operating activities: |
|
|
|
||||
Depreciation expense |
|
8,332 |
|
|
|
6,550 |
|
Amortization expense |
|
9,426 |
|
|
|
11,047 |
|
Amortization of debt issuance costs |
|
761 |
|
|
|
597 |
|
Lease incentives |
|
3,621 |
|
|
|
— |
|
Loss on disposal of businesses |
|
600 |
|
|
|
673 |
|
Non-cash operating lease expense |
|
13,615 |
|
|
|
8,979 |
|
Equity-based compensation |
|
7,049 |
|
|
|
7,980 |
|
Deferred income taxes, net |
|
41 |
|
|
|
1,508 |
|
Changes in operating assets and liabilities, net of effects of acquisitions: |
|
|
|
||||
Accounts receivable, net |
|
(2,331 |
) |
|
|
(3,294 |
) |
Inventory |
|
12,070 |
|
|
|
(10,657 |
) |
Prepaid expenses and other current assets |
|
4,273 |
|
|
|
1,539 |
|
Accounts payable |
|
811 |
|
|
|
2,442 |
|
Income taxes payable |
|
(802 |
) |
|
|
778 |
|
Accrued liabilities |
|
1,781 |
|
|
|
7,138 |
|
Sales returns reserve |
|
220 |
|
|
|
(1,849 |
) |
Deferred revenue |
|
202 |
|
|
|
856 |
|
Lease liabilities |
|
(11,799 |
) |
|
|
(7,628 |
) |
Net cash provided by operating activities |
|
16,436 |
|
|
|
669 |
|
Cash flows from investing activities: |
|
|
|
||||
Purchases of intangible assets |
|
— |
|
|
|
(2 |
) |
Purchases of property and equipment |
|
(17,069 |
) |
|
|
(11,592 |
) |
Net cash used in investing activities |
|
(17,069 |
) |
|
|
(11,594 |
) |
Cash flows from financing activities: |
|
|
|
||||
Payments of debt issuance costs |
|
(1,406 |
) |
|
|
— |
|
Proceeds from line of credit |
|
40,900 |
|
|
|
49,500 |
|
Repayment of line of credit |
|
(35,600 |
) |
|
|
(26,200 |
) |
Proceeds from issuance of debt, net of issuance costs |
|
13,773 |
|
|
|
— |
|
Repayment of debt |
|
(19,417 |
) |
|
|
(5,400 |
) |
Taxes paid related to net share settlement of equity awards |
|
(944 |
) |
|
|
(1,103 |
) |
Proceeds from issuances under equity-based compensation plans |
|
237 |
|
|
|
224 |
|
Repurchase of shares |
|
(1,976 |
) |
|
|
(1,515 |
) |
Net cash (used in) provided by financing activities |
|
(4,433 |
) |
|
|
15,506 |
|
Effect of exchange rate changes on cash, cash equivalents and restricted cash |
|
1,101 |
|
|
|
(2,131 |
) |
Net change in cash, cash equivalents and restricted cash |
|
(3,965 |
) |
|
|
2,450 |
|
Cash, cash equivalents and restricted cash at beginning of period |
|
26,479 |
|
|
|
24,029 |
|
Cash, cash equivalents and restricted cash at end of period |
$ |
22,514 |
|
|
$ |
26,479 |
|
|
|
|
|
||||
Reconciliation of cash, cash equivalents and restricted cash: |
|
|
|
||||
Cash and cash equivalents |
$ |
20,273 |
|
|
$ |
24,192 |
|
Restricted cash, included in prepaid expenses and other current assets |
|
232 |
|
|
|
577 |
|
Restricted cash, included in other assets |
|
2,009 |
|
|
|
1,710 |
|
Total cash, cash equivalents and restricted cash |
$ |
22,514 |
|
|
$ |
26,479 |
|
a.k.a. BRANDS HOLDING CORP. KEY OPERATING AND FINANCIAL METRICS (unaudited) |
|||||||||||||||
|
Three Months Ended December 31, |
|
Year Ended December 31, |
||||||||||||
(dollars in thousands) |
|
2025 |
|
|
|
2024 |
|
|
|
2025 |
|
|
|
2024 |
|
Gross margin |
|
55.6 |
% |
|
|
55.9 |
% |
|
|
57.3 |
% |
|
|
57.0 |
% |
Net loss |
$ |
(14,498 |
) |
|
$ |
(9,357 |
) |
|
$ |
(31,434 |
) |
|
$ |
(25,990 |
) |
Net loss margin |
|
(8.8 |
)% |
|
|
(5.9 |
)% |
|
|
(5.2 |
)% |
|
|
(4.5 |
)% |
Adjusted EBITDA2 |
$ |
2,512 |
|
|
$ |
6,216 |
|
|
$ |
19,721 |
|
|
$ |
23,309 |
|
Adjusted EBITDA margin2 |
|
1.5 |
% |
|
|
3.9 |
% |
|
|
3.3 |
% |
|
|
4.1 |
% |
Key Operational Metrics and Regional Sales |
|||||||||||||||||||
|
Three Months Ended
|
|
|
|
Year Ended December 31, |
|
|
||||||||||||
(metrics in millions, except AOV; sales in thousands) |
|
2025 |
|
|
2024 |
|
% Change |
|
|
2025 |
|
|
2024 |
|
% Change |
||||
Key Operational Metrics |
|
|
|
|
|
|
|
|
|
|
|
||||||||
Active customers4 |
|
4.18 |
|
|
|
4.07 |
|
2.7 |
% |
|
|
4.18 |
|
|
|
4.07 |
|
2.7 |
% |
Average order value |
$ |
76 |
|
|
$ |
78 |
|
(2.6 |
)% |
|
$ |
77 |
|
|
$ |
79 |
|
(2.5 |
)% |
Number of orders |
|
2.17 |
|
|
|
2.04 |
|
6.4 |
% |
|
|
7.77 |
|
|
|
7.32 |
|
6.1 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
||||||||
Sales by Region |
|
|
|
|
|
|
|
|
|
|
|
||||||||
|
$ |
101,232 |
|
|
$ |
96,106 |
|
5.3 |
% |
|
$ |
394,288 |
|
|
$ |
368,799 |
|
6.9 |
% |
|
|
58,134 |
|
|
|
57,225 |
|
1.6 |
% |
|
|
185,638 |
|
|
|
180,328 |
|
2.9 |
% |
Rest of world |
|
4,584 |
|
|
|
5,692 |
|
(19.5 |
)% |
|
|
20,282 |
|
|
|
25,570 |
|
(20.7 |
)% |
Total |
$ |
163,950 |
|
|
$ |
159,023 |
|
3.1 |
% |
|
$ |
600,208 |
|
|
$ |
574,697 |
|
4.4 |
% |
Year-over-year growth on a constant currency basis1 |
|
2.8 |
% |
|
|
|
|
|
|
5.0 |
% |
|
|
|
|
||||
|
|
|
|
|
|
|
|
|
|
|
|
||||||||
Sales by Region - Two-Year Stack |
Three Months Ended
|
|
|
|
Year Ended December 31, |
|
|
||||||||||||
|
|
2025 |
|
|
2023 |
|
% Change |
|
|
2025 |
|
|
2023 |
|
% Change |
||||
|
$ |
101,232 |
|
|
$ |
79,057 |
|
28.0 |
% |
|
$ |
394,288 |
|
|
$ |
315,496 |
|
25.0 |
% |
|
|
58,134 |
|
|
|
63,272 |
|
(8.1 |
)% |
|
|
185,638 |
|
|
|
202,777 |
|
(8.5 |
)% |
Rest of world |
|
4,584 |
|
|
|
6,583 |
|
(30.4 |
)% |
|
|
20,282 |
|
|
|
27,985 |
|
(27.5 |
)% |
Total |
$ |
163,950 |
|
|
$ |
148,912 |
|
10.1 |
% |
|
$ |
600,208 |
|
|
$ |
546,258 |
|
9.9 |
% |
Active Customers
We view the number of active customers as a key indicator of our growth, our value proposition and consumer awareness of our brand, and their desire to purchase our products. In any particular period, we determine our number of active customers by counting the total number of unique customer accounts who have made at least one purchase in the preceding 12-month period, measured from the last date of such period.
Average Order Value
We define average order value (“AOV”) as net sales in a given period divided by the total orders placed in that period. AOV may fluctuate as we expand into new categories or geographies or as our assortment changes.
Number of Orders
We define the number of orders as the total number of orders placed by our customers, prior to product returns, across our platform or in our stores in any given period. An order is counted on the day the customer places the order. We consider the number of orders to be a key indicator of our ability to attract and retain customers, as well as an indicator of the desirability of our products.
a.k.a. BRANDS HOLDING CORP. |
RECONCILIATION OF NON-GAAP FINANCIAL MEASURES |
(in thousands, except per share data) |
(unaudited) |
Adjusted EBITDA and Adjusted EBITDA Margin
Adjusted EBITDA and Adjusted EBITDA margin are non-GAAP financial measures that management uses to assess our operating performance. Because Adjusted EBITDA and Adjusted EBITDA margin facilitate internal comparisons of our historical operating performance on a more consistent basis, we use these measures for business planning purposes.
We also believe this information will be useful for investors to facilitate comparisons of our operating performance and better identify trends in our business. We expect Adjusted EBITDA margin to increase over the long-term as we continue to scale our business and achieve greater leverage in our operating expenses.
We calculate Adjusted EBITDA as net income (loss) adjusted to exclude: interest and other expense; provision for (benefit from) income taxes; depreciation and amortization expense; equity-based compensation expense; costs to establish or relocate distribution centers; transaction costs; costs related to severance from headcount reductions; goodwill and intangible asset impairment; sales tax penalties; insured losses, net of any recoveries; and one-time or non-recurring items. We calculate Adjusted EBITDA margin as Adjusted EBITDA as a percentage of net sales. Adjusted EBITDA and Adjusted EBITDA margin are considered non-GAAP financial measures under the SEC’s rules because they exclude certain amounts included in net income (loss) and net income (loss) margin, the most directly comparable financial measures calculated in accordance with GAAP.
A reconciliation of non-GAAP Adjusted EBITDA to net loss for the three months and year ended December 31, 2025 and 2024 is as follows:
|
Three Months Ended
|
|
Year Ended December 31, |
||||||||||||
|
|
2025 |
|
|
|
2024 |
|
|
|
2025 |
|
|
|
2024 |
|
Net loss |
$ |
(14,498 |
) |
|
$ |
(9,357 |
) |
|
$ |
(31,434 |
) |
|
$ |
(25,990 |
) |
Add (deduct): |
|
|
|
|
|
|
|
||||||||
Total other expense, net |
|
2,524 |
|
|
|
2,631 |
|
|
|
11,266 |
|
|
|
11,340 |
|
Provision for income tax |
|
1,227 |
|
|
|
3,934 |
|
|
|
2,119 |
|
|
|
4,329 |
|
Depreciation and amortization expense |
|
4,491 |
|
|
|
4,575 |
|
|
|
17,758 |
|
|
|
17,597 |
|
Equity-based compensation expense |
|
1,252 |
|
|
|
1,993 |
|
|
|
7,049 |
|
|
|
7,980 |
|
Distribution center relocation costs |
|
3,045 |
|
|
|
1,435 |
|
|
|
4,632 |
|
|
|
2,101 |
|
Non-routine legal matters |
|
4,230 |
|
|
|
960 |
|
|
|
6,647 |
|
|
|
4,498 |
|
Non-routine items5 |
|
241 |
|
|
|
45 |
|
|
|
1,684 |
|
|
|
1,454 |
|
Adjusted EBITDA |
$ |
2,512 |
|
|
$ |
6,216 |
|
|
$ |
19,721 |
|
|
$ |
23,309 |
|
Net loss margin |
|
(8.8 |
)% |
|
|
(5.9 |
)% |
|
|
(5.2 |
)% |
|
|
(4.5 |
)% |
Adjusted EBITDA margin |
|
1.5 |
% |
|
|
3.9 |
% |
|
|
3.3 |
% |
|
|
4.1 |
% |
| _____________________________ |
| 1 In order to provide a framework for assessing the performance of our underlying business, excluding the effects of foreign currency rate fluctuations, we compare the percent change in the results from one period to another period using a constant currency methodology wherein current and comparative prior period results for our operations reporting in currencies other than |
| 2 See additional information at the end of this release regarding non-GAAP financial measures. |
| 3 The Company has not provided a quantitative reconciliation of its Adjusted EBITDA outlook to a GAAP net income (loss) outlook because it is unable, without making unreasonable efforts, to project certain reconciling items. These items include, but are not limited to, future equity-based compensation expense, income taxes, interest expense and transaction costs. These items are inherently variable and uncertain and depend on various factors, some of which are outside of the Company’s control or ability to predict. See additional information at the end of this release regarding non-GAAP financial measures. |
| 4 Trailing twelve months. |
| 5 Non-routine items include severance from headcount reductions; one time supply chain sourcing costs and sales tax penalties. |
View source version on businesswire.com: https://www.businesswire.com/news/home/20260305195931/en/
Investor Contact
investors@aka-brands.com
Media Contact
media@aka-brands.com
Source: a.k.a. Brands Holding Corp.