CarParts.com (NASDAQ: PRTS) trims Q2 2026 loss as Adjusted EBITDA turns positive

Rhea-AI Filing Summary

CarParts.com, Inc. reported results for the second quarter 2026 ended July 4, 2026. Net sales were $135.6 million, down 10.7% from $151.9 million a year earlier, primarily reflecting profitability initiatives, including rationalizing marketing spend away from lower-margin and lower-lifetime-value customers. Gross profit was $45.1 million versus $49.8 million, while gross margin expanded to 33.2%, up 40 basis points year over year, driven by product mix and favorable freight costs.

Total operating expenses declined to $48.3 million from $62.2 million, contributing to a narrower net loss of $3.2 million compared with $12.7 million in the prior-year quarter. Adjusted EBITDA turned positive at $1.8 million versus ($3.1) million a year ago, which management described as the highest since the third quarter of 2023 and the sixth consecutive quarter of improvement. As of July 4, 2026, cash was $38.2 million and convertible notes payable were $25.4 million, with no revolver borrowings outstanding. Management also highlighted A-Premium approaching a $50 million annualized revenue run rate and fee income from the CarParts.com Mastercard, CarParts+ membership and warranty products nearing a $5 million annualized run rate.

Positive

• Net loss in Q2 2026 narrowed to $3.2 million from $12.7 million a year earlier, while Adjusted EBITDA improved to $1.8 million from ($3.1) million, marking a return to positive Adjusted EBITDA.
• Gross margin expanded to 33.2%, up 40 basis points year over year, as total operating expenses fell to $48.3 million from $62.2 million, reflecting lower marketing, payroll and improved warehouse productivity.
• Liquidity improved, with cash rising to $38.2 million and no revolver balance outstanding as of July 4, 2026, against $25.4 million of convertible notes payable.

Negative

• Net sales declined 10.7% year over year to $135.6 million from $151.9 million, and gross profit decreased to $45.1 million from $49.8 million as the company prioritized profitability over top-line growth.

Filing Explained

Common-stock issuance generated $8,000 thousand and left 8,058 thousand shares outstanding on July 4, 2026, expanding the ownership base.

This Form 8-K furnishes specified material information about CarParts.com’s second-quarter results for the thirteen weeks ended July 4, 2026; the results and exhibit are furnished rather than treated as filed for Section 18 liability or incorporation by reference.

The company also reports $8,000 thousand of proceeds from issuing common stock and 8,058 thousand issued and outstanding shares on July 4, 2026, versus 7,005 thousand on January 3, 2026, expanding the share base affecting existing common holders.

Issuing additional shares increases the total share count and reduces an existing holder’s percentage ownership absent offsetting changes.

The filing does not state the issuance’s per-share consideration, recipient allocation, use of proceeds, or conversion mechanics, so those aspects of its economics cannot be assessed from this disclosure.

For the twenty-six weeks ended July 4, 2026, operating activities provided $10,643 thousand and financing activities provided $6,406 thousand; the financing total included the $8,000 thousand common-stock issuance proceeds.

The next quarterly filing should clarify whether the reported share count and financing effects changed further after July 4, 2026 and provide any additional issuance terms.

8-K Event Classification

2 items: 2.02, 9.01

2 items

Item 2.02 Results of Operations and Financial Condition Financial

Disclosure of earnings results, typically an earnings press release or preliminary financials.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, and exhibit attachments filed with this report.

Key Figures

Net sales Q2 2026: $135.6 million Gross margin Q2 2026: 33.2% Operating expenses Q2 2026: $48.3 million +4 more

7 metrics

Net sales Q2 2026 $135.6 million Thirteen weeks ended July 4, 2026; down 10.7% from $151.9 million a year earlier.

Gross margin Q2 2026 33.2% Second quarter 2026 gross margin; up 40 basis points year over year.

Operating expenses Q2 2026 $48.3 million Total operating expenses in the second quarter 2026 versus $62.2 million a year ago.

Net loss Q2 2026 $3.2 million Net loss for the second quarter 2026 compared to $12.7 million in the prior-year quarter.

Adjusted EBITDA Q2 2026 $1.8 million Adjusted EBITDA in the second quarter 2026 versus ($3.1) million a year earlier.

Cash balance $38.2 million Cash balance as of July 4, 2026; up from $25.8 million at January 3, 2026.

Convertible notes payable $25.4 million Convertible notes payable balance as of July 4, 2026.

Key Terms

Adjusted EBITDA, non-GAAP financial measures, convertible notes payable, right-of-use - assets - operating leases, +2 more

6 terms

Adjusted EBITDA financial

"Adjusted EBITDA in the second quarter was $1.8 million"

Adjusted EBITDA is a way companies measure how much money they make from their core operations, like running a business, by removing certain costs or income that aren’t part of regular business activities. It helps investors see how well a company is doing without distractions from unusual expenses or gains, making it easier to compare companies or track performance over time.

non-GAAP financial measures financial

"We provide “Adjusted EBITDA” in this earnings release, which are non-GAAP financial measures"

Non-GAAP financial measures are numbers companies use to show their financial performance that exclude certain expenses or income. They help investors see how the company might perform without one-time costs or other unusual items, giving a different perspective from official reports. However, since they can be adjusted, they don’t always tell the full story and should be looked at alongside standard financial figures.

convertible notes payable financial

"cash balance of $38.2 million, $25.4 million of convertible notes payable balance"

A convertible notes payable is a company loan recorded as debt that can later be exchanged for shares of the company instead of being repaid in cash. Investors care because it affects both the company’s obligations and ownership: it temporarily increases debt on the balance sheet but can dilute existing shareholders if converted, much like an IOU that can either be paid back or traded in for a slice of the business.

right-of-use - assets - operating leases financial

"Right-of-use - assets - operating leases, net was 16,595"

workforce transition costs financial

"Adjusted EBITDA excludes workforce transition costs"

strategic alternatives exploration costs financial

"Adjusted EBITDA excludes strategic alternatives exploration costs"

Earnings Snapshot

Net sales: $135.6 million

Thirteen weeks ended July 4, 2026

Net sales $135.6 million down 10.7% from $151.9 million in the year-ago quarter

Gross margin 33.2% up 40 basis points year over year and 70 basis points sequentially

Net loss ($3.2) million improved from a net loss of ($12.7) million in the year-ago quarter

Adjusted EBITDA $1.8 million improved from ($3.1) million in the year-ago quarter

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 08/06/2026 - 04:05 PM Accepted by SEC EDGAR 08/06/2026 - 04:04 PM Learn about SEC filing dates

FAQ

What were CarParts.com (PRTS) net sales in the second quarter of 2026?

CarParts.com reported net sales of $135.6 million in Q2 2026, down 10.7% from $151.9 million a year earlier. Management attributed the decline mainly to profitability initiatives, including reduced marketing investment in lower-margin and lower-lifetime-value customers.

How did CarParts.com (PRTS) profitability change in Q2 2026 versus the prior year?

The company’s net loss improved to $3.2 million from $12.7 million in Q2 2025. This was driven by lower operating expenses and modest gross margin expansion, as total operating expenses fell to $48.3 million from $62.2 million year over year.

What was CarParts.com (PRTS) Adjusted EBITDA in Q2 2026 and how is it defined?

Adjusted EBITDA for Q2 2026 was $1.8 million, versus ($3.1) million a year earlier. It is defined as net loss before interest, income taxes, depreciation, amortization, share-based compensation, workforce transition costs, gain on sale of subsidiary, and strategic alternatives exploration costs.

What is CarParts.com (PRTS) cash and debt position as of July 4, 2026?

As of July 4, 2026, CarParts.com held $38.2 million of cash and had $25.4 million of convertible notes payable, with no outstanding revolver loan balance. At the prior fiscal year-end, cash was $25.8 million and convertible notes payable were $25.2 million.

How did CarParts.com (PRTS) gross margin and operating expenses trend in Q2 2026?

Gross margin increased to 33.2%, up 40 basis points year over year, supported by product mix and favorable freight costs. Total operating expenses decreased to $48.3 million from $62.2 million, helped by lower marketing spend, reduced payroll from headcount cuts, and warehouse productivity gains.

What growth initiatives did CarParts.com (PRTS) highlight in the Q2 2026 update?

Management noted A-Premium is approaching an $50 million annualized revenue run rate and fee income from the CarParts.com Mastercard, CarParts+ membership, and warranty products is near a $5 million annualized run rate. The last-mile network delivered over 3,000 packages in the quarter.

0001378950false00013789502026-03-052026-03-05

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934

Date of Report (Date of earliest event reported) August 6, 2026

CARPARTS.COM, INC.

(Exact name of registrant as specified in its charter)

​	​	​
Delaware	001-33264	68-0623433
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

​

4910 Airport Plaza Drive, Suite 300, Long Beach CA 90815

(Address of principal executive offices) (Zip Code)

Registrant’s telephone number, including area code (424) 702-1455

N/A

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading symbol(s)	Name of each exchange on which registered
Common Stock, $0.001 par value per share	PRTS	The NASDAQ Stock Market LLC (NASDAQ Capital Market)

​

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

​

​

​

Item 2.02. Results of Operations and Financial Condition.

On August 6, 2026, CarParts.com, Inc. (the “Company”) issued a press release announcing its financial results for the second quarter ended July 4, 2026. A copy of the press release is furnished herewith as Exhibit 99.1.

The information contained in Item 2.02 and in Item 9.01 and in Exhibit 99.1 attached to this report is being furnished to the Securities and Exchange Commission and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liability of that Section, or incorporated by reference in any filing under the Exchange Act or the Securities Act of 1933, as amended, regardless of any general incorporation language contained in such filing.

​

Item 9.01. Financial Statements and Exhibits.

​

(d) Exhibits.

​

Exhibit No.	​ ​	Description
99.1		Press Release, dated August 6, 2026, of CarParts.com, Inc.
​	​	​
104	​	Cover Page Interactive Data File – the cover page interactive data file does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document.

​

​

​

​

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

​	​	​
​	​
Dated: August 6, 2026	CARPARTS.COM, INC.
​	​
​	​
​	By:	/s/ Mark DiSiena
​	Name:	Mark DiSiena
​	Title:	Interim Chief Financial Officer

​

​

​

​

​

​

​

​

CarParts.com Reports Second Quarter 2026 Results

​

LONG BEACH, Calif. – August 6^th, 2026 – CarParts.com, Inc. (NASDAQ: PRTS), a leading eCommerce provider of automotive parts and accessories, and a premier destination for vehicle repair and maintenance needs, is reporting results for the second quarter ended July 4, 2026. 

Second Quarter 2026 Summary vs. Year-Ago Quarter

● Net sales decreased 10.7% to $135.6 million.

● Gross profit of $45.1 million vs. $49.8 million, with gross margin of 33.2%.

● Net loss was ($3.2) million, or ($0.43) per share, compared to a net loss of ($12.7) million, or ($2.27) per share.

● Adjusted EBITDA of $1.8 million vs. $(3.1) million. Highest since Q3 2023.

● Cash of $38.2 million and inventory of $83.9 million as of July 4, 2026.

● Entered into a new $25 million revolving credit facility with First Business Bank maturing in March 2028, undrawn as of quarter end.

● Our mobile app has cumulative net downloads of 1.6 million.

● A-Premium partnership annualized revenue run rate approaching $50 million.

● 10-to-1 reverse stock split and regained Nasdaq compliance.

● Last mile network delivered over 3,000 packages in the quarter, more than double the first quarter, with next day delivery running out of two of our four distribution centers.

​

Management Commentary

David Meniane, Chief Executive Officer, commented: "In the second quarter of 2026, we delivered our highest adjusted EBITDA since the third quarter of 2023. Adjusted EBITDA was positive $1.8 million, an improvement of $4.9 million from the same quarter last year, and our sixth consecutive quarter of improvement in the metrics that matter most: efficiently acquiring customers, improving operational execution, and maintaining disciplined cost control. These gains are not the result of simply spending less. They reflect a structurally stronger business, and they came in a quarter that experienced meaningful headwinds in the overall health of our customers as well as the business environment. We are far from declaring victory. Six quarters of improvement is evidence the plan works, not proof the job is done.

What gives us confidence is the underlying execution. A-Premium is approaching $50 million in annualized run rate revenue, with a longer-term path that we believe will eventually exceed $100 million. Fee income from the CarParts.com Mastercard, CarParts+ membership, and our warranty products is now running closer to $5 million annualized run rate. Our last mile network delivered over 3,000 packages in the quarter, more than double the first quarter, running next day delivery out of two of our four distribution centers, as we build

toward 300,000 packages annually, which we believe would represent approximately 5% of our outbound volume. Alongside that progress, gross margin expanded to 33.2%, up 40 basis points year over year and 70 basis points sequentially.

We have been thoughtfully building two sides of one business: a digital layer and a physical layer of global supply chain, distribution network, fulfillment infrastructure, inventory, and last mile capability. In a world where AI is commoditizing digital execution, the advantage is not simply having both layers, it is how effectively we connect them through data, AI, and customer ownership. A new entrant can rent a frontier model tomorrow. It cannot rent three decades of fitment data, purchase and return history, and catalog depth built on hundreds of supplier relationships. Digital tools are becoming replicable. The system we have built around them is not. That is where we are investing.”

Second Quarter 2026 Financial Results

Net sales in the second quarter of 2026 were $135.6 million, down 10.7% from $151.9 million in the year-ago quarter. The decrease was primarily attributable to our initiatives to improve profitability, including the rationalization of marketing spend through reduced investment in lower-margin customers and customers with lower lifetime values

Gross profit was $45.1 million in the second quarter compared to $49.8 million in the year-ago quarter, with gross margin increasing 40 basis points to 33.2%. The increase was primarily driven by product mix and favorable freight costs.

Total operating expenses in the second quarter were $48.3 million compared to $62.2 million in the year-ago quarter. The decrease was primarily driven by favorable marketing spend, favorable payroll costs due to headcount reductions, and warehouse productivity.

Net loss in the second quarter was ($3.2) million compared to a net loss of ($12.7) million in the year-ago quarter, primarily driven by lower operating expenses and the increase in gross margin.

Adjusted EBITDA in the second quarter was $1.8 million compared to ($3.1) million in the year-ago quarter.

​

On July 4, 2026, the Company had a cash balance of $38.2 million, $25.4 million of convertible notes payable balance and no revolver loan balance, compared to a $25.8 million cash balance, $25.2 million of convertible notes payable balance and no revolver loan balance at prior fiscal year-end January 3, 2026. 

​

​

Conference Call

CarParts.com CEO David Meniane and Interim CFO Mark DiSiena will host a conference call today to discuss the results.

Date: Thursday, August 6, 2026

Time: 5:00 p.m. Eastern time (2:00 p.m. Pacific time) 

Webcast: www.carparts.com/investor/news-events 

​

To listen to the live call, please click the link above to access the webcast. A replay of the audio webcast will be archived on the Company’s website at www.carparts.com/investor.  

​

About CarParts.com, Inc.

CarParts.com, Inc. is a technology-led ecommerce company offering over 1.5 million quality automotive parts and accessories. Operating for over 30 years, CarParts.com has established itself as a premier destination for drivers seeking repair, maintenance, and upgrade solutions. Taking a customer-first approach, we deliver a seamless, mobile-friendly shopping experience across our website and app. With a commitment to delivering exceptional value backed by our nationwide, company-operated distribution network, fast shipping and experienced customer service team, CarParts.com aims to eliminate the uncertainty and stress often associated with vehicle maintenance and repair. The company operates CarParts.com and a portfolio of private-label and marketplace brands, including CarParts Wholesale, JC Whitney, Garage-Pro, Evan Fischer, and more. For more information, visit CarParts.com.  

CarParts.com is headquartered in Long Beach, California.

Non-GAAP Financial Measures

Regulation G, and other provisions of the Securities Exchange Act of 1934, as amended, define and prescribe the conditions for use of certain non-GAAP financial information. We provide “Adjusted EBITDA” in this earnings release and on today’s scheduled conference call, which are non-GAAP financial measures. Adjusted EBITDA consist of net loss before (a) interest expense, net; (b) income tax provision; (c) depreciation and amortization expense; (d) amortization of intangible assets; (e) share-based compensation expense; (f) workforce transition costs; (g) gain on sale of subsidiary; and (h) strategic alternatives exploration costs. A reconciliation of Adjusted EBITDA to net loss is provided below.

The Company believes that these non-GAAP financial measures provide important supplemental information to management and investors. These non-GAAP financial measures reflect an additional way of viewing aspects of the Company’s operations that, when viewed with the GAAP results and the accompanying reconciliations to corresponding GAAP financial measures, provides a more complete understanding of factors and trends affecting the Company’s business and results of operations.

Management uses Adjusted EBITDA as measures of the Company’s operating performance because it assists in comparing the Company’s operating performance on a consistent basis by removing the impact of stock compensation expense as well as other items that we do not believe are representative of our ongoing operating performance. Internally, these non-GAAP measures are also used by management for planning purposes, including the preparation of internal budgets; for allocating resources to enhance financial performance; and for evaluating the effectiveness of operational strategies. The Company also believes that analysts and investors use these non-GAAP measures as supplemental measures to evaluate the ongoing operations of companies in our industry.

These non-GAAP financial measures are used in addition to and in conjunction with results presented in accordance with GAAP and should not be relied upon to the exclusion of GAAP financial measures. Management strongly encourages investors to review the Company’s consolidated financial statements in their entirety and to not rely on any single financial measure. Because non-GAAP financial measures are not standardized, it may not be possible to compare these financial measures with other companies’ non-GAAP financial measures having the same or similar names. In addition, the Company expects to continue to incur expenses similar to the non-GAAP adjustments described above, and exclusion of these items from the Company’s non-GAAP measures should not be construed as an inference that these costs are all unusual, infrequent or non-recurring.

​

Safe Harbor Statement

This press release contains statements which are based on management’s current expectations, estimates and projections about the Company’s business and its industry, as well as certain assumptions made by the Company. These statements are forward looking statements for the purposes of the safe harbor provided by Section 21E of the Securities Exchange Act of 1934, as amended and Section 27A of the Securities Act of 1933, as amended. Words such as “anticipates,” “could,” “expects,” “intends,” “plans,” “potential,” “believes,” “predicts,” “projects,” “seeks,” “estimates,” “may,” “will,” “would,” “will likely continue” and variations of these words or similar expressions are intended to identify forward-looking statements. These statements include, but are not limited to, statements regarding our future operating results and financial condition, our potential growth, our ability to innovate, our ability to gain market share, and our ability to expand and improve our product offerings. We undertake no obligation to revise or update publicly any forward-looking statements for any reason. These statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict. Therefore, our actual results could differ materially and adversely from those expressed in any forward-looking statements as a result of various factors.

Important factors that may cause such a difference include, but are not limited to, competitive pressures, our dependence on search engines to attract customers, demand for the Company’s products, the online market and channel mix for aftermarket auto parts, the economy in general, increases in commodity and component pricing that would increase the Company’s product costs, the operating restrictions in its credit agreement, the weather and any other factors discussed in the Company’s filings with the Securities and Exchange Commission (the “SEC”), including the Risk Factors contained in the Company’s Annual Report on Form 10-K and Quarterly Reports on Form 10-Q, which are available at www.carparts.com/investor and the SEC’s website at www.sec.gov. You are urged to consider these factors carefully in evaluating the forward-looking statements in this release and are cautioned not to place undue reliance on such forward-looking statements, which are qualified in their entirety by this cautionary statement. Unless otherwise required by law, the Company expressly disclaims any obligation to update publicly any forward-looking statements, whether as result of new information, future events or otherwise.

​

Investor Relations:

IR@carparts.com

​

​

Summarized information for the periods presented is as follows (in millions):

​	​	​	​	​	​	​	​	​	​	​	​	​	​
​	​	Thirteen Weeks Ended		​	Thirteen Weeks Ended		​	Twenty-Six Weeks Ended		​	Twenty-Six Weeks Ended
​	​ ​ ​	July 4, 2026		​ ​ ​	June 28, 2025		​ ​ ​	July 4, 2026		​ ​ ​	June 28, 2025
Net sales	​	$	135.64	​	$	151.95	​	$	267.60	​	$	299.33	​
Gross profit	​	$	45.06	​	$	49.78	​	$	88.00	​	$	97.13	​
​	​		33.2	%		32.8	%		32.9	%		32.4	%
Operating expense	​	$	48.28	​	$	62.20	​	$	94.27	​	$	124.69	​
​	​		35.6	%		40.9	%		35.2	%		41.7	%
Net loss	​	$	(3.22)	​	$	(12.71)	​	$	(5.16)	​	$	(27.99)	​
​	​		(2.4)	%		(8.4)	%		(1.9)	%		(9.4)	%
Adjusted EBITDA	​	$	1.76	​	$	(3.12)	​	$	2.35	​	$	(9.34)	​
​	​		1.3	%		(2.1)	%		0.9	%		(3.1)	%

​

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The table below reconciles net loss to Adjusted EBITDA for the periods presented (in thousands):

​

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​

​

​

​

​

​

​

​

​

​

​

​

​

​

Thirteen Weeks Ended

​

Thirteen Weeks Ended

​

Twenty-Six Weeks Ended

​

Twenty-Six Weeks Ended

​

​

​ ​ ​

July 4, 2026

​ ​ ​  ​ ​ ​

June 28, 2025

​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

July 4, 2026

​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

June 28, 2025

​

Net loss

​

$

(3,222)

​

$

(12,711)

​

$

(5,162)

​

$

(27,994)

​

Depreciation and amortization

​

​

4,267

​

​

4,978

​

8,532

​

​

10,460

​

Amortization of intangible assets

​

​

8

​

​

14

​

16

​

​

27

​

Interest expense, net

​

​

116

​

​

204

​

395

​

​

201

​

Income tax (benefit) provision

​

​

7

​

​

90

​

(1,384)

​

​

230

​

EBITDA

​

$

1,176

​

$

(7,425)

​

$

2,397

​

$

(17,076)

​

Stock compensation expense

​

$

587

​

$

2,273

​

$

2,243

​

$

5,145

​

Workforce transition costs(1)

​

​

—

​

​

1,657

​

​

—

​

​

1,657

​

Gain on sale of subsidiary(2)

​

​

—

​

​

—

​

​

(2,292)

​

​

—

​

Strategic alternatives exploration costs(3)

​

​

—

​

​

379

​

​

—

​

​

929

​

Adjusted EBITDA

​

$

1,763

​

$

(3,116)

​

$

2,348

​

$

(9,345)

​

​

(1) We incurred transition costs, primarily related to severance, mainly as part of our workforce reductions during 2025.

(2) On January 27, 2026, the Philippines subsidiary was deconsolidated from our consolidated financial statements and a gain on sale of subsidiary was recorded in operating expense in the consolidated statements of operations.

(3) We incurred certain costs, primarily legal and advisor costs, attributable to our exploration of strategic alternatives in 2025.

​

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CARPARTS.COM, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE OPERATIONS

(Unaudited, In Thousands, Except Per Share Data)

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​

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​

​

​

​

​

​

Thirteen Weeks Ended

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Twenty-Six Weeks Ended

​

​

July 4,

​

June 28,

​

July 4,

​

June 28,

​

​ ​ ​

2026

​ ​ ​

2025

​ ​ ​

2026

​ ​ ​

2025

Net sales

​

$

135,640

​

$

151,949

​

$

267,601

​

$

299,327

Cost of sales (1)

​

90,584

​

102,170

​

179,603

​

202,201

Gross profit

​

45,056

​

49,779

​

87,998

​

97,126

Operating expense

​

48,278

​

62,196

​

94,273

​

124,689

Loss from operations

​

(3,222)

​

(12,417)

​

(6,275)

​

(27,563)

Other income (expense):

​

​

​

​

​

​

​

​

​

​

​

Other income, net

​

393

​

181

​

550

​

441

Interest expense

​

(386)

​

(385)

​

(821)

​

(642)

Total other income (expense), net

​

7

​

(204)

​

(271)

​

(201)

Loss before income taxes

​

(3,215)

​

(12,621)

​

(6,546)

​

(27,764)

Income tax provision (benefit)

​

7

​

90

​

(1,384)

​

230

Net loss

​

(3,222)

​

(12,711)

​

$

(5,162)

​

$

(27,994)

Net loss per share:

​

​

​

​

​

​

​

​

​

​

​

​

Basic and diluted net loss per share

​

$

(0.43)

​

$

(2.27)

​

$

(0.70)

​

$

(4.65)

Weighted-average common shares outstanding:

​

​

​

​

​

​

​

​

Shares used in computation of basic and diluted net loss per share

​

7,579

​

5,589

​

7,322

​

6,017

(1) Excludes depreciation and amortization expense which is included in operating expense.

(2) Per share and share amounts reported above were retroactively updated for the effect of the 10-to-1 reverse stock split that occurred in May 2026. For further information, refer to “Note 3 - Stockholders’ Equity and Share-Based Compensation” in the Notes to the Consolidated Financial Statements included in Part I, Item 1, of the Form 10-Q.

​

CARPARTS.COM, INC. AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

(Unaudited, In Thousands, Except Par Value Data)

​	​	​	​	​	​	​
​	​	July 4,		​	January 3,
​	​ ​ ​	2026		​ ​ ​	2026
ASSETS		​	​		​	​
Current assets:		​	​		​	​
Cash and cash equivalents	​	$	38,171	​	$	25,821
Accounts receivable, net	​		10,142	​		7,061
Inventory, net	​		83,918	​		95,180
Other current assets	​		6,749	​		6,996
Total current assets	​		138,980	​		135,058
Property and equipment, net	​		17,289	​		20,191
Right-of-use - assets - operating leases, net	​	​	16,595	​	​	18,586
Right-of-use - assets - finance leases, net	​	​	5,875	​	​	7,233
Other non-current assets	​		5,233	​		3,788
Total assets	​	$	183,972	​	$	184,856
LIABILITIES AND STOCKHOLDERS' EQUITY	​		​	​		​
Current liabilities:	​		​	​	​	​
Accounts payable	​	$	48,092	​	$	44,884
Accrued expenses	​		23,826	​		24,642
Right-of-use - obligation - operating, current	​	​	4,836	​	​	4,858
Right-of-use - obligation - finance, current	​	​	2,293	​	​	2,767
Other current liabilities	​		4,117	​		4,090
Total current liabilities	​		83,164	​		81,241
Convertible notes payable	​	​	25,416	​	​	25,161
Right-of-use - obligation - operating, non-current	​	​	13,454	​	​	15,771
Right-of-use - obligation - finance, non-current	​	​	5,141	​	​	6,082
Other non-current liabilities	​		4	​		3,125
Total liabilities	​		127,179	​		131,380
Commitments and contingencies (Note 6)	​		​	​	​	​
Stockholders’ equity:	​		​	​	​	​
Common stock, $0.001 par value; 100,000 shares authorized; 8,058 and 7,005 shares issued and outstanding as of July 4, 2026 and January 3, 2026 (of which 378 are treasury stock)	​		8	​		7
Treasury stock	​		(11,912)	​		(11,912)
Additional paid-in capital	​		353,877	​		344,176
Accumulated other comprehensive income	​		—	​		1,223
Accumulated deficit	​		(285,180)	​		(280,018)
Total stockholders’ equity	​		56,793	​		53,476
Total liabilities and stockholders' equity	​	$	183,972	​	$	184,856

(1) Common stock, shares issued and outstanding, and treasury stock reported above were retroactively updated for the effect of the 10-to-1 reverse stock split that occurred in May 2026. For further information, refer to “Note 3 - Stockholders’ Equity and Share-Based Compensation” in the Notes to the Consolidated Financial Statements included in Part I, Item 1, of the Form 10-Q.

​

​

​

​

​

​

​

CARPARTS.COM, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited, In Thousands)

​	​	​	​	​	​	​	​
​	​	Twenty-Six Weeks Ended					​
​	​	July 4,		​	June 28,		​
​	​ ​ ​	2026		​ ​ ​	2025		​ ​ ​
Operating activities	​	​	​	​	​	​	​
Net loss	​	$	(5,162)	​	$	(27,994)	​
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:	​	​	​	​	​	​	​
Depreciation and amortization expense	​		8,532	​		10,460	​
Amortization of intangible assets	​		16	​		27	​
Noncash interest expense	​	​	255	​	​	—	​
Share-based compensation expense	​		2,243	​		5,145	​
Stock awards issued for non-employee director service	​		24	​		25	​
Gain on sale of subsidiary	​		(2,292)	​		—	​
Amortization of deferred financing costs	​		256	​		32	​
Changes in operating assets and liabilities:	​	​	​	​	​	​	​
Accounts receivable	​		(3,081)	​		(1,437)	​
Inventory	​		11,262	​		(3,656)	​
Other current assets	​		(89)	​		921	​
Other non-current assets	​		(1,921)	​		102	​
Accounts payable and accrued expenses	​		2,228	​		(4,701)	​
Other current liabilities	​		27	​		789	​
Right-of-use obligation - operating leases - current	​	​	485	​	​	(25)	​
Right-of-use obligation - operating leases - long-term	​	​	(709)	​	​	22	​
Other non-current liabilities	​		(1,431)	​		230	​
Net cash provided by (used in) operating activities	​		10,643	​		(20,060)	​
Investing activities	​	​	​	​	​	​	​
Additions to property and equipment	​		(4,405)	​		(4,408)	​
Proceeds from sale of subsidiary	​		300	​		—	​
Net cash used in investing activities	​		(4,105)	​		(4,408)	​
Financing activities	​	​	​	​	​	​	​
Borrowings from revolving loan payable	​		97	​		10,213	​
Payments made on revolving loan payable	​		(97)	​		(213)	​
Payments made on finance leases	​		(1,411)	​		(1,786)	​
Net proceeds from issuance of common stock for ESPP	​	​	—	​	​	96	​
Proceeds from issuance of common stock	​	​	8,000	​	​	—	​
Payment of issuance costs - common stock	​	​	(55)	​	​	—	​
Statutory tax withholding payment for share-based compensation	​		(128)	​		(465)	​
Net cash provided by financing activities	​		6,406	​		7,845	​
Effect of exchange rate changes on cash	​		(594)	​		—	​
Net change in cash and cash equivalents	​		12,350	​		(16,623)	​
Cash and cash equivalents, beginning of period	​		25,821	​		36,397	​
Cash and cash equivalents, end of period	​	$	38,171	​	$	19,774	​
Supplemental disclosure of non-cash investing and financing activities:	​	​	​	​	​	​	​
Right-of-use operating asset acquired	​	$	2,407	​	$	—	​
Accruals for property and equipment	​	$	399	​	$	469	​
Share-based compensation expense capitalized in property and equipment	​	$	196	​	$	502	​
Supplemental disclosure of cash flow information:	​	​	​	​	​	​	​
Cash received during the period for income taxes	​	$	8	​	$	129	​
Cash paid during the period for interest	​	$	531	​	$	642	​
Cash received during the period for interest	​	$	426	​	$	441	​

​

Filing Exhibits & Attachments

5 documents

Press Releases

• EX-99.1 EX-99.1 367.2 KB

Other Documents

• EX-101 EX-101.SCH 3.3 KB
• EX-101 EX-101.DEF 2.6 KB
• EX-101 EX-101.LAB 16.8 KB
• EX-101 EX-101.PRE 9.9 KB