Welcome to our dedicated page for Playboy SEC filings (Ticker: PLBY), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Playboy, Inc. (NASDAQ: PLBY) files a range of documents with the U.S. Securities and Exchange Commission that provide detailed insight into its operations as a global pleasure and leisure lifestyle brand. This page brings together the company’s SEC filings, including current reports on Form 8-K and other disclosures, with AI-powered tools that help explain the information in clear language.
Recent 8-K filings show how Playboy uses SEC reports to communicate material events. The company has filed 8-Ks to announce quarterly financial results, furnish stockholder letters, and describe investor presentations made available through its investor relations channels. Other 8-Ks detail amendments to its certificate of incorporation and bylaws, including the corporate name change from PLBY Group, Inc. to Playboy, Inc. and an increase in authorized common stock, as well as the conversion of Series B Convertible Preferred Stock into common stock.
Playboy also uses 8-K filings to report governance and compliance developments, such as the appointment of new independent directors and confirmation of compliance with Nasdaq listing rules. Additional filings describe legal and arbitration outcomes involving its intellectual property and licensees, including a tribunal decision in favor of a Playboy subsidiary in arbitration with a former Chinese licensee.
On Stock Titan, you can review these filings as they are pulled in real time from EDGAR, while AI-generated summaries highlight key points, context, and potential implications. For longer documents, such as annual reports on Form 10-K or quarterly reports on Form 10-Q, AI analysis can help identify discussions of segments, licensing activities, risk factors, and capital structure. Users can also monitor insider and equity-related filings, such as those reporting unregistered sales of equity securities, and quickly understand the core details without reading every page.
Playboy, Inc. reports 2025 revenue of $120.9 million and a sharply reduced net loss of $12.7 million, compared with a $79.4 million net loss in 2024. The improvement is driven by a $19.4 million increase in licensing gross profit from its License & Management Agreement with Byborg, lower digital revamp expenses by $22.0 million, and $24.0 million less in non‑cash impairment charges.
The Honey Birdette direct‑to‑consumer segment generated $70.9 million of revenue and $0.3 million of operating income in 2025, while the Licensing segment produced $46.4 million of revenue and $31.8 million of operating income. Byborg was the largest licensee, contributing $20.0 million, or 17% of consolidated revenue, under a 15‑year deal with $300 million in minimum guaranteed payments and total licensing contract future royalty revenue of about $343.1 million through 2034.
Strategically, Playboy is shifting to a capital‑light, high‑margin model centered on licensing, media, experiences and hospitality. A new China joint venture with UTG Brands Management Group includes a $45,000,000 sale of 50% of its China licensing business over three closings, with all proceeds earmarked for debt repayment, plus expected brand support fees and minimum annual distributions. Key risks include dependence on the Playboy brand, adult‑content regulatory pressure, material weaknesses in internal control over financial reporting, significant international exposure and sensitivity to interest rates and foreign exchange.
Playboy, Inc. reported stronger fourth quarter and full-year 2025 results as it continued shifting to an asset-light, licensing-led model. Q4 revenue rose to $34.9 million from $33.5 million, and the company generated net income of $3.6 million versus a prior-year loss of $12.5 million. Adjusted EBITDA improved to $7.1 million, or $8.0 million excluding litigation expenses.
For full-year 2025, revenue increased to $120.9 million from $116.1 million, while operating expenses dropped to $129.0 million from $167.0 million. The net loss narrowed sharply to $12.7 million compared with $79.4 million in 2024, and Adjusted EBITDA swung to a $17.0 million profit from a $6.3 million loss.
Licensing remains a key driver, with about 90% of 2025 licensing revenue backed by guarantees and more than $343 million in unrecognized future licensing revenue. A new partnership with UTG Brands Management Group for Playboy’s China licensing business includes $122 million in contracted cash payments and supports debt reduction. Senior debt fell by nearly $58 million to $160 million between the third quarter of 2024 and the fourth quarter of 2025, and the company plans to apply almost $52 million of UTG proceeds to further pay down debt. Cash on hand increased to $42.8 million as of December 31, 2025, up from $33.3 million a year earlier.
Playboy, Inc. reported that executive David Edward Miller, President of Playboy Media & Brand, received an equity award of 248,869 restricted stock units tied to the company’s common stock. The award has no cash exercise price and represents stock-based compensation rather than an open-market purchase.
These restricted stock units vest in three equal installments on each of the first three anniversaries of the February 23, 2026 vesting start date, subject to their terms. After this grant, Miller’s directly held equity position from this award is 248,869 units, which will convert into shares of common stock as they vest over time.
Playboy, Inc. officer David Edward Miller, President of Playboy Media & Brand, has filed an initial statement of beneficial ownership on Form 3. This filing identifies him as an officer and subject to insider reporting rules but does not report any buy, sell, or other share transactions.
Playboy, Inc. appointed David Miller as President, Playboy, Media & Brand, effective February 23, 2026, making him an executive officer. He previously led National Geographic’s global media business and held senior roles at AOL.
Under his employment agreement, Miller receives a $400,000 annual base salary and is eligible for an annual cash bonus targeted at 80% of salary. He will also receive annual equity awards targeting $700,000 in grant date fair value and an initial grant of 248,869 RSUs vesting over three years, subject to continued employment. If terminated without cause or he resigns for good reason, he may receive salary-based severance, a pro-rated bonus, COBRA premium coverage, and partial acceleration of equity, depending on timing and whether a change in control has occurred.
Playboy, Inc. released preliminary, unaudited results for the fourth quarter ended December 31, 2025, showing a sharp turnaround in profitability. The company expects Q4 2025 revenue between $34.0 million and $35.0 million. Net income is projected between $2.5 million and $3.5 million, compared with a $12.5 million net loss in Q4 2024, indicating a move back into the black. Adjusted EBITDA is estimated between $6.6 million and $7.0 million, versus an Adjusted EBITDA loss of $0.1 million a year earlier. Management attributes the improvement to stronger licensing performance, support from its UTG partnership in China, cost discipline, and margin expansion at its Honey Birdette subsidiary with fewer promotions.
Playboy, Inc. amends its at-the-market equity program to increase the aggregate dollar amount available for sales through Roth Capital Partners to $200,000,000 under the Sales Agreement, excluding approximately $10.79 million previously sold under the program.
The supplemental prospectus states shares may be sold "at the market offerings" under Rule 415(a)(4). The company notes its common stock trades on Nasdaq under PLBY, with a reported last sale price of $2.11 per share on
Playboy, Inc. has signed a definitive agreement to sell 50% of its China, Hong Kong and Macau licensing business to UTG Brands Management Group via a joint venture structure for a total cash package of $122 million.
Playboy will receive $45 million over two years for a 50% equity interest in Playboy China (BVI) Limited, plus $10 million over three years for brand support services and guaranteed minimum distributions of $10 million in 2026, $9 million in 2027, and $8 million annually from 2028 through 2033. UTG has already paid a $9 million signing deposit, and the initial closing is expected by March 31, 2026, subject to regulatory and other customary conditions, including Chinese outbound investment approvals.
Playboy plans to use all transaction proceeds from the three equity closings to pay down debt and has committed to apply at least $50 million of total deal proceeds toward debt reduction, which the company expects, including lower interest expense, to be immediately accretive to earnings while supporting an asset‑light, licensing‑focused strategy.
Playboy, Inc. (PLBY) CEO and President Bernhard L. Kohn III reported routine share withholdings related to restricted stock units, not open‑market sales. On January 21, 2026, the company withheld 408,901 shares of common stock at $1.92 per share to cover tax obligations from vested RSUs, leaving him with 3,937,114 directly held shares. On January 22, 2026, the company withheld an additional 102,120 shares at $1.92 per share, after which he directly held 3,834,994 shares of common stock.
The filing also lists indirect holdings of 75,361 shares by Cold Springs Trust, 445,309 shares by Woodburn Dr LP, and 50,000 shares by Bircoll Kohn Family Trust, with Mr. Kohn disclaiming beneficial ownership of those shares except to the extent of his pecuniary interest.
Playboy, Inc. officer reports tax-related share withholding, not open-market sales. General Counsel & Secretary Christopher Riley reported that the company withheld 167,301 shares of common stock on January 21, 2026 and 73,165 shares on January 22, 2026 at
These transactions are coded as "F," meaning they relate to share withholding for taxes, and the footnotes state that no shares were sold by the reporting person. After these transactions, Riley directly owned 1,102,337 shares following the January 21 withholding and 1,029,172 shares following the January 22 withholding.