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CarParts.com, Inc. 10-Q Filings

PRTS NASDAQ

Every 10-Q that CarParts.com, Inc. (PRTS) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.

A 10-Q covers the quarterly report filed between annual reports, so if you follow PRTS and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full PRTS filings page.

Rhea-AI Summary

CarParts.com reported Q2 2026 net sales of 135,640 (in thousands), down 10.7% from Q2 2025 as it reduced marketing to lower-margin, lower‑lifetime‑value customers. Net loss narrowed to 3,222 (in thousands), and gross margin improved to 33.2% from 32.8% on product mix and lower freight costs.

For the first twenty‑six weeks of 2026, net sales were 267,601 (in thousands) with net loss improving to 5,162 (in thousands). Adjusted EBITDA, a non‑GAAP measure the company uses, was positive 1,763 (in thousands) in Q2. Operating expense fell 22.4% year over year, helped by lower marketing and payroll and a 2,292 (in thousands) gain on sale of the Philippines subsidiary.

Cash and cash equivalents increased to 38,171 (in thousands), supported by 10,643 (in thousands) of operating cash inflow, 8,000 (in thousands) of equity proceeds at $8.00 per share, and approximately $4,400 of IEEPA tariff refunds. The company implemented a 1‑for‑10 Reverse Stock Split, entered a new 25,000 (in thousands) asset-based revolving Credit Facility, and ended the quarter with 25,416 (in thousands) of convertible notes and no revolver borrowings.

Rhea-AI Summary

CarParts.com, Inc. reported weaker Q1 2026 sales but sharply improved profitability. Net sales were $131,961, down 10.5% from $147,378 a year earlier, mainly due to reduced marketing spend aimed at boosting profitability.

Gross profit was $42,942 with gross margin improving to 32.5% from 32.1%, helped by product mix and lower freight costs. Net loss narrowed to $1,940 from $15,283, and Adjusted EBITDA turned positive to $585 from $(6,229), reflecting lower operating expenses, including marketing and payroll reductions and a gain on sale of the Philippines subsidiary.

Cash and cash equivalents rose to $37,856, aided by $8,000 of common stock issuance and positive operating cash flow of $7,261. The company carries $25,288 of convertible notes due in 2028, has no borrowings on its $25,000 asset-based credit facility, and believes current liquidity will cover operational needs for at least the next twelve months.

Rhea-AI Summary

CarParts.com (PRTS) filed its Q3 2025 10‑Q reporting softer demand and ongoing restructuring. Net sales were $127.769 million, down 11.7% year over year, as the company “rationalized marketing spend.” Gross profit was $42.275 million with gross margin at 33.1% versus 35.2% a year ago, reflecting product mix and tariff impacts partly offset by pricing. Operating expense fell to $52.313 million, aiding efficiency, but the company posted a net loss of $10.885 million (vs. $10.018 million).

Year-to-date operating cash flow was ($26.477 million), driven by higher losses and inventory positioning tied to tariff uncertainty. Cash ended at $36.011 million. To bolster liquidity, on September 8, 2025 the company issued $25.0 million of 2% PIK convertible notes (convertible at $1.20) and sold common stock for $10.733 million in gross proceeds. The asset-based revolver was amended to a $25.0 million commitment (from $75.0 million) and now matures on September 8, 2026; there was $0 outstanding at quarter-end.

Management continues to streamline distribution, including a Virginia lease termination, while emphasizing profitability, technology investment, and a broader product offering.

Rhea-AI Summary

CarParts.com (PRTS) reported Q2 2025 net sales of $151,949,000, up 5.3% from $144,270,000 a year earlier, driven by increased consumer demand on carparts.com while marketplaces remained soft. Gross profit rose to $49.8 million but gross margin declined to 32.8% from 33.5% due to product mix and tariffs. The company recorded a net loss of $12.7 million for Q2 2025 versus $8.7 million in Q2 2024 and reported YTD net loss of $28.0 million versus $15.2 million a year earlier.

Cash and cash equivalents declined to $19.8 million from $36.4 million at year-end, and the company had $10.0 million outstanding under its revolving credit facility. Adjusted EBITDA was negative $3.1 million in Q2 2025 versus negative $0.1 million in Q2 2024. Management states existing cash, cash flows and available debt financing should be sufficient to fund operations for at least the next twelve months.