e.l.f. Beauty (ELF) Financials

$56.36 +2.62 (+4.87%)

As of 11:05 AM Eastern

Annual Income Statements for e.l.f. Beauty

This table shows e.l.f. Beauty's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	3/31/2020	3/31/2021	3/31/2022	3/31/2023	3/31/2024	3/31/2025
Net Income / (Loss) Attributable to Common Shareholders	4.36	5.31	33	16	18	6.23	22	62	128	112
Consolidated Net Income / (Loss)	4.36	5.31	33	16	18	6.23	22	62	128	112
Net Income / (Loss) Continuing Operations	4.36	5.31	33	16	18	6.23	22	62	128	112
Total Pre-Tax Income	8.68	9.81	22	18	24	3.69	25	64	141	145
Total Operating Income	26	23	33	26	30	9.40	30	68	150	158
Total Gross Profit	100	132	165	163	181	206	252	390	724	936
Total Revenue	191	230	270	267	283	318	392	579	1,024	1,314
Operating Revenue	191	230	270	267	283	318	392	579	1,024	1,314
Total Cost of Revenue	91	97	105	105	102	112	140	188	300	378
Operating Cost of Revenue	91	97	105	105	102	112	140	188	300	378
Total Operating Expenses	75	109	131	137	151	197	222	322	574	778
Selling, General & Admin Expense	75	109	131	137	157	194	222	322	574	778
Total Other Income / (Expense), net	-17	-13	-11	-8.21	-5.88	-5.71	-4.34	-4.07	-8.69	-13
Interest Expense	13	16	8.78	7.82	6.31	4.09	0.46	0.18	0.00	0.01
Interest & Investment Income	-	-	-	-	-	-	-2.44	-2.02	-9.90	-14
Other Income / (Expense), net	-4.17	3.02	-2.04	-0.39	0.43	-1.62	-1.44	-1.88	1.21	1.29
Income Tax Expense	4.32	4.50	-11	2.43	6.19	-2.54	3.66	2.54	13	33
Basic Earnings per Share	($1,559.81)	($39.47)	$0.74	$0.33	$0.37	$0.13	$0.43	$1.17	$2.33	$1.99
Weighted Average Basic Shares Outstanding	30.52K	12.61M	45.36M	46.83M	48.50M	49.38M	50.94M	52.47M	54.75M	56.21M
Diluted Earnings per Share	($1,559.81)	($39.47)	$0.68	$0.32	$0.35	$0.12	$0.41	$1.11	$2.21	$1.92
Weighted Average Diluted Shares Outstanding	30.52K	12.61M	49.37M	49.27M	50.82M	51.99M	53.65M	55.34M	57.79M	58.35M
Weighted Average Basic & Diluted Shares Outstanding	0.00	-100K	45.36M	48.82M	50.01M	51.65M	52.27M	53.87M	55.94M	56.33M

This table shows e.l.f. Beauty's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026
Period end date	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	53	33	27	15	48	19	17	28	33	3.00	39
Consolidated Net Income / (Loss)	53	33	27	15	48	19	17	28	33	3.00	39
Net Income / (Loss) Continuing Operations	53	33	27	15	48	19	17	28	33	3.00	39
Total Pre-Tax Income	60	40	30	11	47	28	26	44	51	-3.99	54
Total Operating Income	61	40	32	17	51	28	35	44	49	7.72	68
Total Gross Profit	153	152	192	227	231	214	253	237	245	239	347
Total Revenue	216	216	271	321	324	301	355	333	354	344	490
Operating Revenue	216	216	271	321	324	301	355	333	354	344	490
Total Cost of Revenue	64	63	79	94	93	87	102	96	109	105	142
Operating Cost of Revenue	64	63	79	94	93	87	102	96	109	105	142
Total Operating Expenses	92	112	160	210	181	186	218	193	196	231	280
Selling, General & Admin Expense	92	112	160	210	181	186	218	193	196	231	280
Total Other Income / (Expense), net	-0.98	-0.44	-1.42	-5.85	-3.48	0.03	-8.81	-0.28	2.41	-12	-14
Interest Expense	-	-	-	-	-	0.00	0.00	-	-	0.67	0.00
Interest & Investment Income	-1.38	0.62	-3.99	-4.53	-3.67	-3.76	-3.53	-2.86	-2.63	-9.15	-12
Other Income / (Expense), net	0.40	-1.06	2.57	-0.69	0.19	3.79	-5.28	2.59	5.04	-1.88	-1.33
Income Tax Expense	6.68	6.47	3.53	-3.35	-0.33	8.93	9.02	16	18	-6.99	14
Basic Earnings per Share	$0.98	$0.61	$0.49	$0.25	$0.85	$0.34	$0.31	$0.49	$0.59	$0.05	$0.66
Weighted Average Basic Shares Outstanding	53.94M	54.43M	55.14M	54.75M	55.97M	56.35M	56.36M	56.21M	56.33M	58.36M	59.29M
Diluted Earnings per Share	$0.93	$0.58	$0.46	$0.24	$0.81	$0.33	$0.30	$0.48	$0.58	$0.05	$0.65
Weighted Average Diluted Shares Outstanding	57.18M	57.44M	58.03M	57.79M	58.55M	58.48M	58.35M	58.35M	57.68M	59.59M	60.19M
Weighted Average Basic & Diluted Shares Outstanding	54.46M	55.20M	55.51M	55.94M	56.39M	56.33M	56.40M	56.33M	56.73M	59.64M	59.05M

This table details how cash moves in and out of e.l.f. Beauty's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	3/31/2020	3/31/2021	3/31/2022	3/31/2023	3/31/2024	3/31/2025
Net Change in Cash & Equivalents	9.34	1.29	-5.24	41	-7.71	12	-14	77	-13	41
Net Cash From Operating Activities	25	2.12	12	56	44	29	20	102	71	134
Net Cash From Continuing Operating Activities	25	2.12	12	56	44	29	20	102	71	134
Net Income / (Loss) Continuing Operations	4.36	5.31	33	16	18	6.23	22	62	128	112
Consolidated Net Income / (Loss)	4.36	5.31	33	16	18	6.23	22	62	128	112
Depreciation Expense	10	13	15	18	23	25	27	18	30	44
Amortization Expense	1.07	1.28	0.81	0.79	0.75	0.85	0.39	0.35	0.43	0.55
Non-Cash Adjustments To Reconcile Net Income	5.82	-0.82	13	17	9.51	22	20	34	39	82
Changes in Operating Assets and Liabilities, net	2.99	-17	-50	4.58	-6.67	-25	-50	-11	-126	-104
Net Cash From Investing Activities	-10	-9.14	-10	-8.87	-35	-6.47	-4.82	-1.72	-285	-19
Net Cash From Continuing Investing Activities	-10	-9.14	-10	-8.87	-35	-6.47	-4.82	-1.72	-285	-19
Purchase of Property, Plant & Equipment	-10	-9.22	-7.54	-8.87	-9.42	-6.47	-4.82	-1.72	-8.66	-19
Acquisitions	-	-	0.00	0.00	-26	-	0.00	0.00	-275	0.00
Purchase of Investments	0.00	0.00	-2.88	-	-	-	0.00	0.00	-1.03	-0.58
Net Cash From Financing Activities	-4.94	8.31	-7.20	-5.56	-17	-11	-29	-23	201	-74
Net Cash From Continuing Financing Activities	-4.94	8.31	-7.20	-5.56	-17	-11	-29	-23	201	-74
Repayment of Debt	-32	-166	-35	-11	-10	-33	-83	-31	-9.12	-265
Repurchase of Common Equity	-	-	0.00	0.00	-7.90	-	-	0.00	0.00	-67
Issuance of Debt	27	186	26	2.00	0.00	20	52	0.00	205	257
Issuance of Common Equity	0.03	64	1.98	3.18	1.49	1.50	1.68	8.05	5.56	0.95
Effect of Exchange Rate Changes	-	-	-	-	-	-	-	0.00	-0.03	0.22
Cash Interest Paid	12	12	8.16	7.12	12	3.16	1.76	3.58	11	16
Cash Income Taxes Paid	7.79	8.47	5.67	4.09	0.18	2.30	7.57	13	12	25

This table details how cash moves in and out of e.l.f. Beauty's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026
Period end date	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025
Net Change in Cash & Equivalents	22	25	-93	33	0.85	-12	-23	75	21	29	-2.58
Net Cash From Operating Activities	23	28	-17	37	1.28	11	-15	136	27	23	59
Net Cash From Continuing Operating Activities	23	28	-17	37	1.28	11	-15	136	27	23	59
Net Income / (Loss) Continuing Operations	53	33	27	15	48	19	17	28	33	3.00	39
Consolidated Net Income / (Loss)	53	33	27	15	48	19	17	28	33	3.00	39
Depreciation Expense	5.64	6.67	8.13	12	9.06	13	7.10	13	13	18	22
Amortization Expense	0.08	0.07	0.14	0.14	0.14	0.14	0.14	0.13	0.13	0.35	0.48
Non-Cash Adjustments To Reconcile Net Income	8.92	11	4.30	12	15	22	29	18	13	-14	33
Changes in Operating Assets and Liabilities, net	-44	-23	-57	-1.64	-71	-42	-69	77	-32	16	-35
Net Cash From Investing Activities	-0.62	-0.85	-279	-3.70	-0.88	-1.62	-5.24	-11	-7.56	-587	-7.94
Net Cash From Continuing Investing Activities	-0.62	-0.85	-279	-3.70	-0.88	-1.62	-5.24	-11	-7.56	-587	-7.94
Purchase of Property, Plant & Equipment	-0.62	-0.85	-4.52	-2.68	-0.79	-1.62	-5.05	-11	-7.10	-6.85	-6.62
Acquisitions	-	-	-	-	-	-	-	-	-	-	-1.08
Other Investing Activities, net	0.00	-	-	-	-0.09	-	-0.19	-	-0.46	-	-0.24
Net Cash From Financing Activities	-0.97	-1.85	204	-0.11	0.41	-22	-2.30	-50	0.12	595	-54
Net Cash From Continuing Financing Activities	-0.97	-1.85	204	-0.11	0.41	-22	-2.30	-50	0.12	595	-54
Repayment of Debt	-1.45	-2.12	-2.77	-2.77	-0.06	-5.38	-2.69	-257	0.00	-57	-7.50
Repurchase of Common Equity	-	-	-	-	-	-	-	-50	-	-	-50
Issuance of Common Equity	0.49	-	-	2.67	0.46	-	-	-	0.12	1.65	3.53
Effect of Exchange Rate Changes	0.00	-	-0.06	0.02	0.04	0.57	-0.68	0.28	1.54	-1.35	-0.09

This table presents e.l.f. Beauty's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	3/31/2020	3/31/2021	3/31/2022	3/31/2023	3/31/2024	3/31/2025
Total Assets	361	415	417	436	453	487	495	596	1,129	1,248
Total Current Assets	71	125	124	142	132	170	193	303	477	541
Cash & Equivalents	14	15	10	51	46	58	43	121	108	149
Accounts Receivable	22	38	45	37	30	40	46	68	124	126
Inventories, net	31	69	63	46	46	57	84	81	191	187
Prepaid Expenses	2.98	2.39	6.27	7.47	10	15	20	33	54	79
Plant, Property, & Equipment, net	9.85	17	18	22	17	14	11	7.87	14	29
Total Noncurrent Assets	281	273	276	272	304	303	291	284	638	679
Goodwill	157	157	157	157	171	172	172	172	341	341
Intangible Assets	121	113	106	99	102	94	86	78	225	208
Other Noncurrent Operating Assets	1.95	2.41	9.54	13	27	35	30	35	73	131
Total Liabilities & Shareholders' Equity	361	415	417	436	453	487	495	596	1,129	1,248
Total Liabilities	224	274	223	207	211	218	182	185	487	487
Total Current Liabilities	46	80	51	43	51	73	65	108	299	177
Short-Term Debt	10	8.65	8.65	9.86	13	16	5.79	5.58	100	0.00
Accounts Payable	11	38	27	20	12	16	19	31	81	72
Accrued Expenses	14	34	16	13	26	41	40	71	118	105
Total Noncurrent Liabilities	178	194	172	164	160	144	117	77	188	310
Long-Term Debt	135	156	148	141	126	110	91	61	162	257
Noncurrent Deferred & Payable Income Tax Liabilities	42	34	21	20	22	13	9.59	3.74	3.67	3.81
Other Noncurrent Operating Liabilities	1.60	3.21	2.98	2.77	12	21	17	12	22	50
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	-60	141	194	229	242	270	312	411	643	761
Total Preferred & Common Equity	-60	141	194	229	242	270	312	411	643	761
Total Common Equity	-60	141	194	229	242	270	312	411	643	761
Common Stock	6.79	701	721	741	754	775	796	833	937	943
Retained Earnings	-67	-560	-527	-512	-512	-505	-484	-422	-294	-182
Accumulated Other Comprehensive Income / (Loss)	-	-	-	-	-	-	-	0.00	-0.05	0.52

This table presents e.l.f. Beauty's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026	Q2 2026	Q3 2026
Period end date	9/30/2022	12/31/2022	6/30/2023	9/30/2023	12/31/2023	6/30/2024	9/30/2024	12/31/2024	6/30/2025	9/30/2025	12/31/2025
Total Assets	542	556	658	747	1,108	1,205	1,237	1,265	1,315	2,319	2,324
Total Current Assets	247	263	370	435	455	530	554	559	603	707	702
Cash & Equivalents	85	87	143	168	73	109	97	74	170	194	197
Accounts Receivable	54	66	91	87	121	156	147	188	173	155	190
Inventories, net	81	81	98	147	205	200	239	215	170	247	221
Prepaid Expenses	27	28	39	34	57	66	72	83	89	111	94
Plant, Property, & Equipment, net	8.93	8.73	7.58	7.62	13	14	16	20	39	44	45
Total Noncurrent Assets	286	284	280	304	641	660	667	686	673	1,567	1,577
Goodwill	172	172	172	172	340	341	341	341	341	852	853
Intangible Assets	82	80	76	74	231	221	216	212	203	575	564
Other Noncurrent Operating Assets	29	30	32	58	70	99	110	133	129	140	160
Total Liabilities & Shareholders' Equity	542	556	658	747	1,108	1,205	1,237	1,265	1,315	2,319	2,324
Total Liabilities	185	171	186	231	494	501	509	497	510	1,180	1,162
Total Current Liabilities	72	88	110	152	303	300	311	294	185	262	254
Short-Term Debt	5.80	5.69	5.43	5.23	100	103	100	100	0.00	23	30
Accounts Payable	19	32	53	64	73	80	94	65	75	109	74
Accrued Expenses	47	50	51	83	130	117	117	128	110	130	150
Total Noncurrent Liabilities	113	83	76	78	191	201	198	204	325	918	908
Long-Term Debt	88	62	60	58	164	159	157	154	257	832	817
Noncurrent Deferred & Payable Income Tax Liabilities	11	7.78	5.86	4.90	4.28	7.91	4.83	0.49	17	21	17
Other Noncurrent Operating Liabilities	14	13	11	16	22	34	37	49	52	65	74
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	357	385	472	516	614	704	728	767	805	1,139	1,162
Total Preferred & Common Equity	357	385	472	516	614	704	728	767	805	1,139	1,162
Total Common Equity	357	385	472	516	614	704	728	767	805	1,139	1,162
Common Stock	814	824	841	852	923	950	955	978	953	1,284	1,267
Retained Earnings	-457	-438	-369	-336	-309	-247	-228	-211	-149	-146	-107
Accumulated Other Comprehensive Income / (Loss)	-	0.00	0.00	0.00	-0.06	-0.01	0.44	0.18	1.21	0.97	1.03

This table displays calculated financial ratios and metrics derived from e.l.f. Beauty's official financial filings.

Metric	2015	2016	2017	2018	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	3/31/2020	3/31/2021	3/31/2022	3/31/2023	3/31/2024	3/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	0.00%	19.93%	17.56%	-0.91%	0.00%	12.47%	23.28%	47.61%	76.89%	28.28%
EBITDA Growth	0.00%	23.72%	14.92%	-4.62%	0.00%	-37.36%	65.09%	59.07%	110.90%	12.40%
EBIT Growth	0.00%	21.95%	19.73%	-17.51%	0.00%	-74.39%	264.16%	133.90%	127.69%	5.59%
NOPAT Growth	0.00%	-2.66%	296.74%	-54.38%	0.00%	-28.66%	60.53%	156.77%	107.11%	-10.17%
Net Income Growth	0.00%	21.94%	530.06%	-53.62%	0.00%	-65.15%	249.33%	182.64%	107.48%	-12.20%
EPS Growth	0.00%	97.47%	101.72%	-52.94%	0.00%	-65.71%	241.67%	170.73%	99.10%	-13.12%
Operating Cash Flow Growth	0.00%	-91.35%	483.87%	349.04%	0.00%	-33.48%	-33.80%	422.13%	-30.16%	88.10%
Free Cash Flow Firm Growth	0.00%	0.00%	126.74%	1,170.34%	0.00%	0.00%	-116.86%	3,613.81%	-523.75%	116.24%
Invested Capital Growth	0.00%	8.43%	16.14%	-3.45%	0.00%	1.13%	8.20%	-1.76%	123.30%	9.08%
Revenue Q/Q Growth	0.00%	0.00%	1.95%	-1.12%	0.00%	5.98%	3.28%	16.56%	15.03%	0.88%
EBITDA Q/Q Growth	0.00%	0.00%	-1.18%	-1.61%	0.00%	-6.55%	7.52%	6.67%	8.10%	16.12%
EBIT Q/Q Growth	0.00%	0.00%	-3.87%	-6.62%	0.00%	-26.37%	14.67%	11.18%	5.58%	23.75%
NOPAT Q/Q Growth	0.00%	0.00%	68.86%	-42.03%	0.00%	29.77%	5.40%	27.83%	2.80%	6.63%
Net Income Q/Q Growth	0.00%	0.00%	80.01%	-43.20%	0.00%	5.36%	7.83%	31.36%	-1.33%	13.95%
EPS Q/Q Growth	0.00%	0.00%	-99.69%	-42.86%	0.00%	9.09%	7.89%	30.59%	-2.21%	14.29%
Operating Cash Flow Q/Q Growth	0.00%	-91.06%	287.66%	3.74%	0.00%	248.28%	-44.80%	26.27%	6.17%	285.10%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	-11.66%	0.00%	0.00%	-116.78%	28.52%	1.86%	280.59%
Invested Capital Q/Q Growth	0.00%	0.00%	3.07%	-0.56%	0.00%	-5.74%	-1.33%	-1.81%	-1.07%	-8.34%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	52.41%	57.60%	61.03%	60.85%	64.03%	64.82%	64.19%	67.44%	70.72%	71.24%
EBITDA Margin	17.11%	17.65%	17.26%	16.61%	19.08%	10.63%	14.23%	15.34%	18.29%	15.53%
Operating Margin	13.36%	10.05%	12.33%	9.78%	10.59%	2.96%	7.59%	11.77%	14.62%	12.03%
EBIT Margin	11.18%	11.37%	11.58%	9.64%	10.74%	2.45%	7.22%	11.45%	14.74%	12.13%
Profit (Net Income) Margin	2.28%	2.31%	12.40%	5.81%	6.32%	1.96%	5.55%	10.63%	12.47%	8.53%
Tax Burden Percent	50.21%	54.15%	148.98%	86.46%	74.30%	168.89%	85.60%	96.03%	90.55%	77.04%
Interest Burden Percent	40.55%	37.60%	71.91%	69.67%	79.24%	47.43%	89.76%	96.69%	93.44%	91.32%
Effective Tax Rate	49.79%	45.85%	-48.98%	13.54%	25.70%	-68.89%	14.40%	3.97%	9.45%	22.96%
Return on Invested Capital (ROIC)	4.79%	4.48%	15.80%	6.82%	6.71%	4.76%	7.30%	18.18%	23.50%	14.62%
ROIC Less NNEP Spread (ROIC-NNEP)	-1.68%	-0.65%	4.80%	0.91%	1.83%	-7.64%	0.92%	230.31%	7.71%	7.25%
Return on Net Nonoperating Assets (RNNOA)	-1.61%	-0.65%	4.20%	0.51%	0.68%	-2.32%	0.18%	-1.17%	0.73%	1.35%
Return on Equity (ROE)	3.18%	3.83%	20.00%	7.34%	7.38%	2.44%	7.48%	17.01%	24.23%	15.97%
Cash Return on Invested Capital (CROIC)	0.00%	-3.61%	0.86%	10.34%	0.00%	3.63%	-0.59%	19.95%	-52.77%	5.94%
Operating Return on Assets (OROA)	5.93%	6.73%	7.51%	6.04%	6.70%	1.65%	5.77%	12.16%	17.50%	13.40%
Return on Assets (ROA)	1.21%	1.37%	8.05%	3.64%	3.95%	1.33%	4.43%	11.29%	14.80%	9.43%
Return on Common Equity (ROCE)	-1.40%	1.11%	20.00%	7.34%	7.38%	2.44%	7.48%	17.01%	24.23%	15.97%
Return on Equity Simple (ROE_SIMPLE)	-7.21%	3.77%	17.27%	6.77%	7.38%	2.31%	6.97%	14.97%	19.87%	14.73%
Net Operating Profit after Tax (NOPAT)	13	12	50	23	22	16	25	65	136	122
NOPAT Margin	6.71%	5.44%	18.37%	8.46%	7.87%	4.99%	6.50%	11.30%	13.24%	9.27%
Net Nonoperating Expense Percent (NNEP)	6.48%	5.12%	11.00%	5.92%	4.88%	12.40%	6.37%	-212.13%	15.79%	7.37%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-	-	11.96%
Cost of Revenue to Revenue	47.59%	42.40%	38.97%	39.15%	35.97%	35.18%	35.81%	32.56%	29.28%	28.76%
SG&A Expenses to Revenue	39.06%	47.55%	48.70%	51.07%	55.56%	61.03%	56.59%	55.67%	56.10%	59.20%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	39.06%	47.55%	48.70%	51.07%	53.45%	61.86%	56.60%	55.67%	56.10%	59.20%
Earnings before Interest and Taxes (EBIT)	21	26	31	26	30	7.78	28	66	151	159
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	33	41	47	44	54	34	56	89	187	204
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	9.30	5.32	1.82	2.03	5.10	4.31	10.68	16.93	4.65
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	367.59	24.64	27.20	141.54	16.66
Price to Revenue (P/Rev)	0.00	5.71	3.82	1.56	1.74	4.32	3.43	7.58	10.63	2.70
Price to Earnings (P/E)	0.00	246.52	30.83	26.92	27.49	220.60	61.84	71.33	85.23	31.59
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.41%	3.24%	3.72%	3.64%	0.45%	1.62%	1.40%	1.17%	3.17%
Enterprise Value to Invested Capital (EV/IC)	0.00	5.03	3.49	1.58	1.75	4.29	3.85	12.15	13.85	4.20
Enterprise Value to Revenue (EV/Rev)	0.00	6.36	4.36	1.92	2.05	4.53	3.56	7.49	10.78	2.78
Enterprise Value to EBITDA (EV/EBITDA)	0.00	36.01	25.24	11.57	10.77	42.62	25.03	48.82	58.94	17.89
Enterprise Value to EBIT (EV/EBIT)	0.00	55.92	37.62	19.95	19.13	185.18	49.31	65.41	73.13	22.91
Enterprise Value to NOPAT (EV/NOPAT)	0.00	116.77	23.71	22.73	26.12	90.75	54.81	66.24	81.42	29.97
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	688.34	94.96	9.25	13.12	48.88	71.59	42.54	155.09	27.27
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	435.83	15.01	0.00	118.85	0.00	60.36	0.00	73.84
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.06	1.17	0.81	0.66	0.57	0.47	0.31	0.16	0.41	0.34
Long-Term Debt to Equity	0.98	1.11	0.76	0.61	0.52	0.41	0.29	0.15	0.25	0.34
Financial Leverage	0.96	1.01	0.88	0.57	0.37	0.30	0.20	-0.01	0.09	0.19
Leverage Ratio	2.64	2.79	2.49	2.02	1.87	1.84	1.69	1.51	1.64	1.69
Compound Leverage Factor	1.07	1.05	1.79	1.40	1.48	0.87	1.51	1.46	1.53	1.55
Debt to Total Capital	51.42%	53.92%	44.64%	39.60%	36.41%	31.94%	23.67%	13.92%	28.97%	25.23%
Short-Term Debt to Total Capital	3.66%	2.83%	2.47%	2.60%	3.30%	4.11%	1.41%	1.17%	11.09%	0.00%
Long-Term Debt to Total Capital	47.76%	51.09%	42.18%	37.01%	33.11%	27.83%	22.25%	12.75%	17.89%	25.23%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	70.01%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	-21.43%	46.08%	55.36%	60.40%	63.59%	68.06%	76.33%	86.08%	71.03%	74.77%
Debt to EBITDA	4.42	4.07	3.36	3.39	2.57	3.74	1.74	0.75	1.40	1.26
Net Debt to EBITDA	4.00	3.69	3.08	2.17	1.66	1.95	0.91	-0.61	0.82	0.53
Long-Term Debt to EBITDA	4.11	3.85	3.17	3.16	2.34	3.26	1.63	0.69	0.86	1.26
Debt to NOPAT	11.29	13.19	3.15	6.65	6.23	7.97	3.80	1.02	1.93	2.11
Net Debt to NOPAT	10.20	11.97	2.89	4.26	4.03	4.15	1.99	-0.83	1.14	0.89
Long-Term Debt to NOPAT	10.48	12.50	2.98	6.21	5.67	6.95	3.57	0.93	1.19	2.11
Altman Z-Score	0.00	1.87	2.11	0.65	0.88	3.28	4.36	15.01	14.59	5.98
Noncontrolling Interest Sharing Ratio	144.12%	71.03%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.54	1.56	2.41	3.30	2.59	2.32	2.97	2.81	1.60	3.05
Quick Ratio	0.80	0.66	1.06	2.04	1.48	1.34	1.37	1.75	0.78	1.55
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	-10	2.70	34	0.00	12	-2.04	72	-304	49
Operating Cash Flow to CapEx	241.76%	22.99%	164.08%	626.49%	470.31%	455.28%	405.00%	5,913.12%	821.73%	722.68%
Free Cash Flow to Firm to Interest Expense	0.00	-0.62	0.31	4.38	0.00	2.96	-4.44	408.01	0.00	3,801.51
Operating Cash Flow to Interest Expense	1.93	0.13	1.41	7.11	7.03	7.21	42.42	578.88	0.00	10,295.38
Operating Cash Flow Less CapEx to Interest Expense	1.13	-0.44	0.55	5.98	5.53	5.62	31.95	569.09	0.00	8,870.77
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.53	0.59	0.65	0.63	0.62	0.68	0.80	1.06	1.19	1.11
Accounts Receivable Turnover	8.52	7.61	6.55	6.57	9.52	9.10	9.15	10.20	10.68	10.52
Inventory Turnover	2.91	1.93	1.59	1.92	2.20	2.17	1.99	2.27	2.20	2.00
Fixed Asset Turnover	19.42	17.00	15.34	13.43	16.47	20.56	32.21	62.74	93.73	61.44
Accounts Payable Turnover	8.20	3.97	3.25	4.43	8.21	7.97	8.04	7.44	5.33	4.93
Days Sales Outstanding (DSO)	42.86	47.94	55.76	55.52	38.35	40.11	39.91	35.78	34.17	34.71
Days Inventory Outstanding (DIO)	125.27	188.74	229.20	190.04	165.80	168.00	183.65	160.59	166.05	182.90
Days Payable Outstanding (DPO)	44.54	91.99	112.32	82.38	44.46	45.81	45.39	49.06	68.48	74.03
Cash Conversion Cycle (CCC)	123.59	144.69	172.65	163.18	159.70	162.30	178.17	147.32	131.75	143.58
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	268	290	337	326	332	336	363	357	797	869
Invested Capital Turnover	0.71	0.82	0.86	0.81	0.85	0.95	1.12	1.61	1.78	1.58
Increase / (Decrease) in Invested Capital	0.00	23	47	-12	0.00	3.75	28	-6.37	440	72
Enterprise Value (EV)	0.00	1,459	1,175	514	581	1,441	1,397	4,334	11,035	3,649
Market Capitalization	0.00	1,310	1,032	418	492	1,375	1,346	4,389	10,881	3,541
Book Value per Share	($1,978.77)	$3.11	$4.19	$4.75	$4.85	$5.26	$5.99	$7.71	$11.58	$13.49
Tangible Book Value per Share	($11,104.54)	($2.86)	($1.50)	($0.55)	($0.63)	$0.07	$1.05	$3.03	$1.39	$3.77
Total Capital	282	306	350	380	381	396	409	477	905	1,018
Total Debt	145	165	156	150	139	127	97	66	262	257
Total Long-Term Debt	135	156	148	141	126	110	91	61	162	257
Net Debt	131	150	143	96	90	66	51	-54	154	108
Capital Expenditures (CapEx)	10	9.22	7.54	8.87	9.42	6.47	4.82	1.72	8.66	19
Debt-free, Cash-free Net Working Capital (DFCFNWC)	21	38	71	57	48	55	90	80	170	215
Debt-free Net Working Capital (DFNWC)	35	53	81	109	94	113	134	201	278	364
Net Working Capital (NWC)	25	45	72	99	81	97	128	195	178	364
Net Nonoperating Expense (NNE)	8.48	7.18	16	7.10	4.37	9.64	3.71	3.91	7.87	9.65
Net Nonoperating Obligations (NNO)	131	150	143	96	90	66	51	-54	154	108
Total Depreciation and Amortization (D&A)	11	14	15	19	24	26	27	23	36	45
Debt-free, Cash-free Net Working Capital to Revenue	11.07%	16.55%	26.26%	21.46%	16.84%	17.39%	23.06%	13.85%	16.61%	16.35%
Debt-free Net Working Capital to Revenue	18.38%	23.21%	29.99%	40.60%	33.16%	35.55%	34.12%	34.71%	27.18%	27.67%
Net Working Capital to Revenue	12.99%	19.44%	26.78%	36.92%	28.72%	30.43%	32.64%	33.75%	17.38%	27.67%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($1,559.81)	($39.47)	$0.74	$0.33	$0.00	$0.13	$0.43	$1.17	$2.33	$1.99
Adjusted Weighted Average Basic Shares Outstanding	30.52K	12.61M	45.36M	46.83M	0.00	49.38M	50.94M	52.47M	54.75M	56.21M
Adjusted Diluted Earnings per Share	($1,559.81)	($39.47)	$0.68	$0.32	$0.00	$0.12	$0.41	$1.11	$2.21	$1.92
Adjusted Weighted Average Diluted Shares Outstanding	30.52K	12.61M	49.37M	49.27M	0.00	51.99M	53.65M	55.34M	57.79M	58.35M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	45.66M	46.76M	48.82M	0.00	51.65M	52.27M	53.87M	55.94M	56.33M
Normalized Net Operating Profit after Tax (NOPAT)	13	12	23	23	18	8.43	26	65	136	122
Normalized NOPAT Margin	6.71%	5.44%	8.63%	8.46%	6.30%	2.65%	6.51%	11.30%	13.24%	9.27%
Pre Tax Income Margin	4.53%	4.27%	8.33%	6.71%	8.51%	1.16%	6.48%	11.07%	13.77%	11.08%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	1.68	1.60	3.56	3.30	4.82	1.90	61.59	376.52	0.00	12,255.46
NOPAT to Interest Expense	1.01	0.77	5.65	2.89	3.53	3.88	55.40	371.80	0.00	9,364.89
EBIT Less CapEx to Interest Expense	0.88	1.04	2.70	2.16	3.32	0.32	51.12	366.73	0.00	10,830.85
NOPAT Less CapEx to Interest Expense	0.21	0.20	4.79	1.76	2.03	2.30	44.93	362.01	0.00	7,940.28
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	1,279.88%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	1,279.88%	0.00%	0.00%	44.20%	0.00%	0.00%	0.00%	0.00%	59.83%

This table displays calculated financial ratios and metrics derived from e.l.f. Beauty's official financial filings.

Metric	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026
Period end date	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	76.46%	76.14%	84.90%	71.41%	49.99%	39.71%	31.14%	3.58%	9.02%	14.24%	37.76%
EBITDA Growth	160.90%	134.53%	44.51%	99.49%	-6.86%	-2.94%	-13.21%	129.99%	11.62%	-41.84%	112.42%
EBIT Growth	208.76%	177.13%	43.21%	95.31%	-16.61%	-18.94%	-13.35%	187.12%	5.60%	-81.59%	122.15%
NOPAT Growth	231.76%	149.00%	47.88%	39.82%	-5.18%	-43.52%	-18.12%	28.50%	-37.83%	-71.57%	114.26%
Net Income Growth	266.14%	184.12%	40.74%	-10.58%	-10.23%	-42.83%	-35.80%	94.49%	-29.95%	-84.25%	128.12%
EPS Growth	244.44%	176.19%	35.29%	-17.24%	-12.90%	-43.10%	-34.78%	100.00%	-28.40%	-84.85%	116.67%
Operating Cash Flow Growth	-23.62%	123.90%	-166.00%	12.57%	-94.51%	-59.99%	14.14%	267.69%	2,025.92%	109.66%	503.87%
Free Cash Flow Firm Growth	114.46%	-213.81%	-1,849.62%	-1,981.75%	-3,158.31%	-2,920.50%	71.44%	89.49%	99.26%	-98.04%	-587.38%
Invested Capital Growth	11.42%	13.44%	121.96%	123.30%	117.34%	115.69%	17.55%	9.08%	4.06%	102.59%	91.14%
Revenue Q/Q Growth	15.47%	-0.38%	25.72%	18.53%	1.04%	-7.21%	18.02%	-6.38%	6.34%	-2.77%	42.32%
EBITDA Q/Q Growth	373.09%	-31.28%	-6.95%	-39.45%	120.89%	-28.39%	-16.79%	62.68%	11.31%	-63.51%	260.52%
EBIT Q/Q Growth	629.61%	-35.91%	-12.06%	-52.51%	211.51%	-37.70%	-6.00%	57.38%	14.57%	-89.14%	1,034.21%
NOPAT Q/Q Growth	240.27%	-37.53%	-16.34%	-21.38%	130.75%	-62.79%	21.29%	23.38%	11.65%	-82.98%	814.12%
Net Income Q/Q Growth	226.09%	-37.20%	-19.18%	-45.97%	227.36%	-60.00%	-9.25%	63.68%	17.90%	-91.01%	1,214.29%
EPS Q/Q Growth	220.69%	-37.63%	-20.69%	-47.83%	237.50%	-59.26%	-9.09%	60.00%	20.83%	-91.38%	1,200.00%
Operating Cash Flow Q/Q Growth	-28.98%	19.53%	-161.37%	316.07%	-96.54%	771.82%	-231.71%	1,025.28%	-79.99%	-14.02%	153.70%
Free Cash Flow Firm Q/Q Growth	-39.39%	-212.50%	-2,641.05%	-0.95%	1.49%	-11.11%	74.08%	62.96%	93.10%	-29,808.47%	10.04%
Invested Capital Q/Q Growth	10.51%	4.42%	95.88%	-1.07%	7.56%	3.63%	6.76%	-8.34%	2.61%	101.76%	0.73%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	70.52%	70.70%	70.85%	70.75%	71.28%	71.10%	71.29%	71.26%	69.13%	69.45%	70.99%
EBITDA Margin	30.85%	21.28%	15.75%	8.76%	19.16%	14.79%	10.42%	18.11%	18.96%	7.12%	18.03%
Operating Margin	28.03%	18.64%	11.75%	5.30%	15.63%	9.27%	9.87%	13.32%	13.77%	2.24%	13.80%
EBIT Margin	28.21%	18.15%	12.70%	5.09%	15.69%	10.53%	8.39%	14.10%	15.19%	1.70%	13.53%
Profit (Net Income) Margin	24.49%	15.44%	9.92%	4.52%	14.66%	6.32%	4.86%	8.49%	9.42%	0.87%	8.04%
Tax Burden Percent	88.81%	83.72%	88.40%	129.93%	100.69%	68.06%	65.68%	64.16%	65.17%	-75.11%	73.10%
Interest Burden Percent	97.74%	101.59%	88.42%	68.44%	92.80%	88.14%	88.17%	93.88%	95.10%	-68.33%	81.35%
Effective Tax Rate	11.19%	16.28%	11.60%	-29.93%	-0.69%	31.95%	34.32%	35.84%	34.83%	0.00%	26.90%
Return on Invested Capital (ROIC)	44.76%	30.87%	15.81%	12.24%	28.48%	11.83%	9.63%	13.48%	13.79%	1.62%	11.11%
ROIC Less NNEP Spread (ROIC-NNEP)	47.81%	31.61%	14.33%	-3.02%	19.22%	11.90%	6.52%	13.35%	15.09%	1.03%	8.70%
Return on Net Nonoperating Assets (RNNOA)	-3.39%	-3.58%	2.44%	-0.29%	1.24%	0.53%	1.76%	2.49%	2.40%	0.45%	3.75%
Return on Equity (ROE)	41.37%	27.29%	18.25%	11.95%	29.72%	12.36%	11.39%	15.97%	16.18%	2.07%	14.86%
Cash Return on Invested Capital (CROIC)	16.64%	19.07%	-53.22%	-52.77%	-52.71%	-55.15%	-3.12%	5.94%	7.71%	-60.76%	-53.87%
Operating Return on Assets (OROA)	32.39%	21.56%	13.58%	6.04%	19.07%	12.93%	9.21%	15.58%	16.19%	1.32%	11.46%
Return on Assets (ROA)	28.11%	18.34%	10.62%	5.37%	17.81%	7.75%	5.33%	9.39%	10.04%	0.68%	6.81%
Return on Common Equity (ROCE)	41.37%	27.29%	18.25%	11.95%	29.72%	12.36%	11.39%	15.97%	16.18%	2.07%	14.86%
Return on Equity Simple (ROE_SIMPLE)	21.21%	23.55%	21.06%	0.00%	17.37%	14.84%	12.82%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	54	34	28	22	51	19	23	28	32	5.40	49
NOPAT Margin	24.89%	15.61%	10.39%	6.89%	15.74%	6.31%	6.49%	8.55%	8.97%	1.57%	10.09%
Net Nonoperating Expense Percent (NNEP)	-3.05%	-0.74%	1.48%	15.26%	9.26%	-0.07%	3.10%	0.14%	-1.31%	0.59%	2.41%
Return On Investment Capital (ROIC_SIMPLE)	-	-	3.20%	-	-	-	2.26%	2.79%	2.99%	0.27%	2.46%
Cost of Revenue to Revenue	29.48%	29.30%	29.15%	29.25%	28.72%	28.90%	28.71%	28.74%	30.87%	30.55%	29.01%
SG&A Expenses to Revenue	42.50%	52.06%	59.10%	65.45%	55.65%	61.83%	61.42%	57.94%	55.36%	67.20%	57.19%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	42.50%	52.06%	59.10%	65.45%	55.65%	61.83%	61.42%	57.94%	55.36%	67.20%	57.19%
Earnings before Interest and Taxes (EBIT)	61	39	34	16	51	32	30	47	54	5.84	66
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	67	46	43	28	62	45	37	60	67	24	88
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	13.04	11.58	12.97	16.93	16.75	8.45	9.22	4.65	8.71	6.60	3.90
Price to Tangible Book Value (P/TBV)	27.46	22.08	183.58	141.54	82.87	36.01	32.93	16.66	26.86	0.00	0.00
Price to Revenue (P/Rev)	9.15	7.81	8.95	10.63	10.41	5.05	5.43	2.70	5.22	5.42	2.98
Price to Earnings (P/E)	61.51	49.19	61.58	85.23	96.43	56.93	71.90	31.59	71.64	91.86	43.63
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	1.63%	2.03%	1.62%	1.17%	1.04%	1.76%	1.39%	3.17%	1.40%	1.09%	2.29%
Enterprise Value to Invested Capital (EV/IC)	15.41	14.28	10.12	13.85	13.94	7.11	7.65	4.20	7.96	4.55	2.86
Enterprise Value to Revenue (EV/Rev)	9.03	7.67	9.17	10.78	10.55	5.18	5.57	2.78	5.28	5.90	3.41
Enterprise Value to EBITDA (EV/EBITDA)	46.76	37.61	48.17	58.94	65.37	34.79	41.29	17.89	33.64	42.29	21.60
Enterprise Value to EBIT (EV/EBIT)	56.50	44.34	57.09	73.13	84.84	47.31	56.33	22.91	43.76	59.98	30.02
Enterprise Value to NOPAT (EV/NOPAT)	59.19	47.92	61.89	81.42	89.86	53.50	63.53	29.97	69.43	86.40	42.99
Enterprise Value to Operating Cash Flow (EV/OCF)	64.19	53.37	121.75	155.09	243.28	195.10	208.68	27.27	44.41	47.52	21.06
Enterprise Value to Free Cash Flow (EV/FCFF)	97.60	79.56	0.00	0.00	0.00	0.00	0.00	73.84	105.24	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.14	0.12	0.43	0.41	0.37	0.35	0.33	0.34	0.32	0.75	0.73
Long-Term Debt to Equity	0.13	0.11	0.27	0.25	0.23	0.22	0.20	0.34	0.32	0.73	0.70
Financial Leverage	-0.07	-0.11	0.17	0.09	0.06	0.04	0.27	0.19	0.16	0.44	0.43
Leverage Ratio	1.46	1.48	1.67	1.64	1.58	1.59	1.72	1.69	1.67	1.90	1.86
Compound Leverage Factor	1.42	1.50	1.47	1.12	1.47	1.41	1.51	1.59	1.59	-1.30	1.51
Debt to Total Capital	12.12%	10.87%	30.12%	28.97%	27.15%	26.09%	24.89%	25.23%	24.18%	42.85%	42.15%
Short-Term Debt to Total Capital	1.01%	0.90%	11.42%	11.09%	10.66%	10.18%	9.81%	0.00%	0.00%	1.13%	1.49%
Long-Term Debt to Total Capital	11.11%	9.96%	18.70%	17.89%	16.49%	15.91%	15.08%	25.23%	24.18%	41.72%	40.66%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	87.88%	89.13%	69.88%	71.03%	72.85%	73.91%	75.11%	74.77%	75.82%	57.15%	57.85%
Debt to EBITDA	0.50	0.40	1.56	1.40	1.44	1.42	1.45	1.26	1.22	4.42	3.53
Net Debt to EBITDA	-0.60	-0.67	1.13	0.82	0.84	0.88	1.03	0.53	0.41	3.41	2.71
Long-Term Debt to EBITDA	0.46	0.37	0.97	0.86	0.87	0.86	0.88	1.26	1.22	4.30	3.40
Debt to NOPAT	0.63	0.51	2.01	1.93	1.97	2.18	2.23	2.11	2.51	9.03	7.02
Net Debt to NOPAT	-0.76	-0.85	1.46	1.14	1.15	1.36	1.58	0.89	0.85	6.97	5.39
Long-Term Debt to NOPAT	0.58	0.47	1.25	1.19	1.20	1.33	1.35	2.11	2.51	8.79	6.77
Altman Z-Score	20.85	16.59	10.36	14.19	15.13	8.29	9.66	5.68	9.62	4.57	3.26
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	3.38	2.86	1.50	1.60	1.77	1.78	1.90	3.05	3.26	2.70	2.76
Quick Ratio	2.12	1.67	0.64	0.78	0.88	0.78	0.89	1.55	1.86	1.33	1.52
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	13	-15	-415	-418	-411	-457	-118	-44	-3.03	-905	-814
Operating Cash Flow to CapEx	3,791.23%	3,288.10%	-379.09%	1,383.74%	162.98%	688.11%	-291.15%	1,230.67%	383.83%	341.87%	897.36%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-1,343.37	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	34.74	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	24.58	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.15	1.19	1.07	1.19	1.22	1.23	1.10	1.11	1.07	0.78	0.85
Accounts Receivable Turnover	9.42	10.89	9.51	10.68	9.20	10.44	8.43	10.52	8.16	9.20	8.04
Inventory Turnover	2.53	2.04	1.85	2.20	2.21	1.83	1.79	2.00	2.13	1.69	2.08
Fixed Asset Turnover	79.50	92.49	82.69	93.73	104.72	105.03	79.68	61.44	50.46	46.20	46.97
Accounts Payable Turnover	6.14	5.61	5.03	5.33	4.94	4.49	5.44	4.93	5.10	4.06	6.49
Days Sales Outstanding (DSO)	38.75	33.51	38.40	34.17	39.69	34.96	43.28	34.71	44.72	39.68	45.40
Days Inventory Outstanding (DIO)	144.55	179.02	197.44	166.05	164.96	199.50	203.42	182.90	171.43	215.42	175.84
Days Payable Outstanding (DPO)	59.45	65.04	72.53	68.48	73.84	81.32	67.05	74.03	71.64	89.91	56.25
Cash Conversion Cycle (CCC)	123.85	147.50	163.32	131.75	130.81	153.14	179.65	143.58	144.51	165.19	164.99
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	394	412	806	797	857	888	948	869	891	1,799	1,812
Invested Capital Turnover	1.80	1.98	1.52	1.78	1.81	1.87	1.48	1.58	1.54	1.03	1.10
Increase / (Decrease) in Invested Capital	40	49	443	440	463	476	142	72	35	911	864
Enterprise Value (EV)	6,076	5,876	8,160	11,035	11,941	6,308	7,253	3,649	7,096	8,176	5,185
Market Capitalization	6,153	5,981	7,967	10,881	11,787	6,148	7,072	3,541	7,010	7,516	4,535
Book Value per Share	$8.76	$9.48	$11.13	$11.58	$12.58	$12.91	$13.62	$13.49	$14.29	$20.08	$19.48
Tangible Book Value per Share	$4.16	$4.97	$0.79	$1.39	$2.54	$3.03	$3.81	$3.77	$4.63	($5.08)	($4.28)
Total Capital	537	579	879	905	966	985	1,022	1,018	1,062	1,993	2,009
Total Debt	65	63	265	262	262	257	254	257	257	854	847
Total Long-Term Debt	60	58	164	162	159	157	154	257	257	832	817
Net Debt	-78	-105	192	154	153	160	180	108	87	660	650
Capital Expenditures (CapEx)	0.62	0.85	4.52	2.68	0.79	1.62	5.05	11	7.10	6.85	6.62
Debt-free, Cash-free Net Working Capital (DFCFNWC)	124	121	180	170	225	247	292	215	248	273	280
Debt-free Net Working Capital (DFNWC)	266	288	252	278	334	343	365	364	418	468	477
Net Working Capital (NWC)	261	283	152	178	231	243	265	364	418	445	447
Net Nonoperating Expense (NNE)	0.87	0.37	1.26	7.60	3.50	-0.02	5.78	0.18	-1.57	2.41	10.00
Net Nonoperating Obligations (NNO)	-78	-105	192	154	153	160	180	108	87	660	650
Total Depreciation and Amortization (D&A)	5.71	6.75	8.28	12	11	13	7.23	13	13	19	22
Debt-free, Cash-free Net Working Capital to Revenue	18.37%	15.74%	20.18%	16.61%	19.84%	20.25%	22.39%	16.35%	18.45%	19.74%	18.45%
Debt-free Net Working Capital to Revenue	39.57%	37.65%	28.35%	27.18%	29.47%	28.20%	28.07%	27.67%	31.11%	33.77%	31.40%
Net Working Capital to Revenue	38.76%	36.97%	17.07%	17.38%	20.37%	19.97%	20.37%	27.67%	31.11%	32.14%	29.43%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.98	$0.61	$0.49	$0.25	$0.85	$0.34	$0.31	$0.49	$0.59	$0.05	$0.66
Adjusted Weighted Average Basic Shares Outstanding	53.94M	54.43M	55.14M	54.75M	55.97M	56.35M	56.36M	56.21M	56.33M	58.36M	59.29M
Adjusted Diluted Earnings per Share	$0.93	$0.58	$0.46	$0.24	$0.81	$0.33	$0.30	$0.48	$0.58	$0.05	$0.65
Adjusted Weighted Average Diluted Shares Outstanding	57.18M	57.44M	58.03M	57.79M	58.55M	58.48M	58.35M	58.35M	57.68M	59.59M	60.19M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	54.46M	55.20M	55.51M	55.94M	56.39M	56.33M	56.40M	56.33M	56.73M	59.64M	59.05M
Normalized Net Operating Profit after Tax (NOPAT)	54	34	28	12	35	19	23	28	32	5.40	49
Normalized NOPAT Margin	24.89%	15.61%	10.39%	3.71%	10.94%	6.31%	6.49%	8.55%	8.97%	1.57%	10.09%
Pre Tax Income Margin	27.57%	18.44%	11.23%	3.48%	14.56%	9.28%	7.40%	13.24%	14.45%	-1.16%	11.00%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	8.66	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	8.01	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-1.50	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-2.15	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	59.83%	0.00%	61.09%	96.19%

Financials Breakdown Chart

Key Financial Trends

Here is a concise, investor-focused summary of e.l.f. Beauty (ELF) using the last four years of quarterly statements provided (through Q3 2026). The notes focus on trends in income, cash flow, and balance sheet position that could impact the stock’s risk/return profile for retail investors.

Net income growth: Net income attributable to common shareholders rose to 39.38 million in Q3 2026 from 17.26 million in Q3 2025, signaling improving profitability.
Operating cash flow improvement: Net cash from continuing operating activities was 59.41 million in Q3 2026, up materially from 25.96 million in Q3 2025 and higher than earlier quarters, indicating stronger cash generation.
Strong revenue momentum: Operating revenue reached 489.51 million in Q3 2026, up from 343.94 million in Q2 2026 and 355.32 million in Q3 2025, reflecting sustained top-line growth. Gross margin remained robust (about 71% in Q3 2026).
Healthy gross margin: Total gross profit of 347.50 million on 489.51 million revenue yields a gross margin near 71%, suggesting durable pricing/premium mix.
Solid liquidity position: Cash & equivalents of about 196.8 million and total current assets of 701.6 million vs. total current liabilities of 254.3 million imply a current ratio near 2.8, supporting near-term liquidity.
Per-share profitability: Diluted earnings per share (EPS) of 0.65 and basic EPS of 0.66 in Q3 2026, with roughly 60.2 million diluted shares, indicate improving earnings delivery per share.
Material goodwill and intangible assets: Goodwill (~852.8 million) and intangible assets (~564.2 million) remain large components of noncurrent assets, which could pose impairment risk if demand slows or competition intensifies.
Debt load and capitalization: Long-term debt (~816.7 million) is substantial but appears relatively stable across recent quarters, contributing to a roughly balanced liabilities vs. equity mix (Total liabilities around 1.16 billion vs. total equity around 1.16 billion in Q3 2026).
Share buybacks noted in financing: Recurrent large repurchases of common stock have pressured cash flow from financing activities but may be intended to support per-share metrics and capital structure.
Financing activity drain: Net cash from financing activities in Q3 2026 was negative about 53.96 million, driven by share repurchases, which reduces liquidity available for other uses in the near term.

05/14/26 08:55 AM ETAI Generated. May Contain Errors.

e.l.f. Beauty Financials - Frequently Asked Questions

According to the most recent income statement we have on file, e.l.f. Beauty's financial year ends in March. Their financial year 2025 ended on March 31, 2025.

e.l.f. Beauty's net income appears to be on an upward trend, with a most recent value of $112.09 million in 2025, rising from $4.36 million in 2015. The previous period was $127.66 million in 2024. View e.l.f. Beauty's forecast to see where analysts expect e.l.f. Beauty to go next.

e.l.f. Beauty's total operating income in 2025 was $158.03 million, based on the following breakdown:

Total Gross Profit: $935.69 million
Total Operating Expenses: $777.66 million

Over the last 9 years, e.l.f. Beauty's total revenue changed from $191.41 million in 2015 to $1.31 billion in 2025, a change of 586.2%.

e.l.f. Beauty's total liabilities were at $487.32 million at the end of 2025, a 0.1% increase from 2024, and a 117.4% increase since 2015.

In the past 9 years, e.l.f. Beauty's cash and equivalents has ranged from $10.06 million in 2017 to $148.69 million in 2025, and is currently $148.69 million as of their latest financial filing in 2025.

Over the last 9 years, e.l.f. Beauty's book value per share changed from -1,978.77 in 2015 to 13.49 in 2025, a change of -100.7%.

Related Companies

Financial statements for NYSE:ELF last updated on 2/7/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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e.l.f. Beauty (ELF) Financials

Financials Breakdown Chart

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e.l.f. Beauty Financials - Frequently Asked Questions

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e.l.f. Beauty (ELF) Financials

Annual Income Statements for e.l.f. Beauty

Quarterly Income Statements for e.l.f. Beauty

Annual Cash Flow Statements for e.l.f. Beauty

Quarterly Cash Flow Statements for e.l.f. Beauty

Annual Balance Sheets for e.l.f. Beauty

Quarterly Balance Sheets for e.l.f. Beauty

Annual Metrics And Ratios for e.l.f. Beauty

Quarterly Metrics And Ratios for e.l.f. Beauty

Financials Breakdown Chart

Key Financial Trends

e.l.f. Beauty Financials - Frequently Asked Questions

When does e.l.f. Beauty's fiscal year end?

How has e.l.f. Beauty's net income changed over the last 9 years?

What is e.l.f. Beauty's operating income?

How has e.l.f. Beauty's revenue changed over the last 9 years?

How much debt does e.l.f. Beauty have?

How much cash does e.l.f. Beauty have?

How has e.l.f. Beauty's book value per share changed over the last 9 years?

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