QVC Group Inc SEC Filings

QVC Group, Inc. filed its Q3 2025 10‑Q, showing softer sales and significant non‑cash charges. Revenue was $2,213 million versus $2,344 million a year ago. Operating income was $60 million, and the quarter posted a net loss of $80 million attributable to shareholders.

For the first nine months, the Company reported a net loss of $2,402 million, driven largely by $2,395 million of impairments to goodwill and tradenames. Cash and cash equivalents rose to $1,817 million, while long‑term debt was $5,811 million. The Company disclosed substantial doubt about its ability to continue as a going concern, citing a $2,900 million Credit Facility maturing on October 27, 2026 and leverage covenant risks; availability under the facility was $181 million at quarter‑end.

The Board suspended the 8.0% Series A preferred dividend, with $61 million in arrears and the rate increasing to 9.5%. A 1‑for‑50 reverse stock split became effective in May. Shares outstanding as of October 31, 2025 were 7,886,235 Series A and 182,233 Series B. Restructuring tied to the WIN strategy led to charges and accelerated depreciation, and assets of $22 million were classified as held for sale.

Insider filing reports cancellation of previously granted restricted stock units. Mike Fitzharris, President QVC US & COO and a director, disclosed on Form 4 that 68,573 cash-settled restricted stock units tied to QVCGA were disposed of on 09/26/2025. The RSUs are the economic equivalent of one share each and were cancelled under revised compensation arrangements described in the issuer's Current Report filed on August 14, 2025. The award had been adjusted for a 1-for-50 reverse stock split effective May 22, 2025. The cancelled award would have otherwise vested in three substantially equal installments on March 15, 2026, 2027 and 2028.

Eve DelSoldo, General Counsel of QVC Group, Inc. (ticker QVCGA), reported a change in beneficial ownership relating to previously granted restricted stock units that are cash-settled and economically equivalent to one share of QVCGA common stock. On 09/25/2025 the reporting person agreed to cancel 45,048 restricted stock units in connection with revised compensation arrangements described in the issuer's Current Report filed on August 14, 2025. The cancelled award had been adjusted for a 1-for-50 reverse stock split effected on May 22, 2025. The award would have vested in three substantially equal installments on March 15, 2026, 2027 and 2028 had it not been cancelled. The Form 4 was signed by an attorney-in-fact on 09/26/2025.

Alex Wellen, President & Chief Growth Officer of QVC Group, Inc. (QVCGA), reported the disposition of 63,675 restricted stock units (RSUs) that are cash-settled and economically equivalent to one share each. The Form 4 shows these RSUs were cancelled on 09/25/2025 as part of revised compensation arrangements disclosed by the issuer on August 14, 2025. The filing notes a 1-for-50 reverse stock split effective May 22, 2025, which proportionately adjusted outstanding equity awards. The cancelled RSUs would have vested in three equal installments on March 15, 2026, 2027 and 2028.

Bill Wafford, identified as the issuer's CFO & CAO, reported a change in beneficial ownership for QVC Group, Inc. (QVCGA) related to previously granted restricted stock units (RSUs). On 09/25/2025 a cash-settled RSU award for 70,378 economic shares was disposed (reported as a cancellation) and, following the transaction, the reporting person holds 0 shares of that class. The filing notes these RSUs were cash settled and represented the economic equivalent of one share each, that the reporting person agreed to cancel them under revised compensation arrangements disclosed in the issuer's current report filed on 08/14/2025, and that a 1-for-50 reverse stock split was effected on 05/22/2025, which proportionately adjusted outstanding equity awards. The form was signed on 09/26/2025 by an attorney-in-fact.

Stacy Bowe, President of HSN Brand & US Merch at QVC Group, Inc. (QVCGA), reports a cancellation of previously granted restricted stock units. The filing discloses that 60,261 cash-settled restricted stock units (each economically equivalent to one share of QVCGA common stock after the issuer's reverse 1-for-50 split) were cancelled in connection with revised compensation arrangements, reducing the reporting person’s previously disclosed derivative holding to zero. The cancelled award had originally been scheduled to vest in three equal installments through March 15, 2028, and the RSUs had been adjusted for a prior reverse stock split.