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

e.l.f. Beauty's total operating income in 2026 was $73.63 million, based on the following breakdown: Total Gross Profit: $1.16 billion Total Operating Expenses: $1.08 billion

e.l.f. Beauty (ELF) Financials

$101.68 +3.22 (+3.27%)

As of 08/21/2026 03:58 PM Eastern

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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	2026
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	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	4.36	5.31	33	16	18	6.23	22	62	128	112	26
Consolidated Net Income / (Loss)	4.36	5.31	33	16	18	6.23	22	62	128	112	26
Net Income / (Loss) Continuing Operations	4.36	5.31	33	16	18	6.23	22	62	128	112	26
Total Pre-Tax Income	8.68	9.81	22	18	24	3.69	25	64	141	145	40
Total Operating Income	26	23	33	26	30	9.40	30	68	150	158	74
Total Gross Profit	100	132	165	163	181	206	252	390	724	936	1,157
Total Revenue	191	230	270	267	283	318	392	579	1,024	1,314	1,636
Operating Revenue	191	230	270	267	283	318	392	579	1,024	1,314	1,636
Total Cost of Revenue	91	97	105	105	102	112	140	188	300	378	479
Operating Cost of Revenue	91	97	105	105	102	112	140	188	300	378	479
Total Operating Expenses	75	109	131	137	151	197	222	322	574	778	1,084
Selling, General & Admin Expense	75	109	131	137	157	194	222	322	574	778	1,026
Other Special Charges / (Income)	-	-	-	-	-	-	-	-	0.00	0.00	58
Total Other Income / (Expense), net	-17	-13	-11	-8.21	-5.88	-5.71	-4.34	-4.07	-8.69	-13	-33
Interest Expense	13	16	8.78	7.82	6.31	4.09	0.46	0.18	0.00	0.01	0.67
Interest & Investment Income	-	-	-	-	-	-	-2.44	-2.02	-9.90	-14	-35
Other Income / (Expense), net	-4.17	3.02	-2.04	-0.39	0.43	-1.62	-1.44	-1.88	1.21	1.29	2.79
Income Tax Expense	4.32	4.50	-11	2.43	6.19	-2.54	3.66	2.54	13	33	14
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	$0.45
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	58.26M
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	$0.44
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	59.35M
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	59.44M

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	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026	Q4 2026	Q1 2027
Period end date	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	3/31/2026	6/30/2026
Net Income / (Loss) Attributable to Common Shareholders	27	15	48	19	17	28	33	3.00	39	-49	67
Consolidated Net Income / (Loss)	27	15	48	19	17	28	33	3.00	39	-49	67
Net Income / (Loss) Continuing Operations	27	15	48	19	17	28	33	3.00	39	-49	67
Total Pre-Tax Income	30	11	47	28	26	44	51	-3.99	54	-61	94
Total Operating Income	32	17	51	28	35	44	49	7.72	68	-50	102
Total Gross Profit	192	227	231	214	253	237	245	239	347	326	399
Total Revenue	271	321	324	301	355	333	354	344	490	449	479
Operating Revenue	271	321	324	301	355	333	354	344	490	449	479
Total Cost of Revenue	79	94	93	87	102	96	109	105	142	123	81
Operating Cost of Revenue	79	94	93	87	102	96	109	105	142	123	81
Total Operating Expenses	160	210	181	186	218	193	196	231	280	377	296
Selling, General & Admin Expense	160	210	181	186	218	193	196	231	280	319	280
Other Special Charges / (Income)	-	-	-	-	-	-	0.00	-	-	-	16
Total Other Income / (Expense), net	-1.42	-5.85	-3.48	0.03	-8.81	-0.28	2.41	-12	-14	-10	-8.14
Interest & Investment Income	-3.99	-4.53	-3.67	-3.76	-3.53	-2.86	-2.63	-9.15	-12	-11	-7.81
Other Income / (Expense), net	2.57	-0.69	0.19	3.79	-5.28	2.59	5.04	-1.88	-1.33	0.95	-0.33
Income Tax Expense	3.53	-3.35	-0.33	8.93	9.02	16	18	-6.99	14	-11	28
Basic Earnings per Share	$0.49	$0.25	$0.85	$0.34	$0.31	$0.49	$0.59	$0.05	$0.66	($0.85)	$1.13
Weighted Average Basic Shares Outstanding	55.14M	54.75M	55.97M	56.35M	56.36M	56.21M	56.33M	58.36M	59.29M	58.26M	59.14M
Diluted Earnings per Share	$0.46	$0.24	$0.81	$0.33	$0.30	$0.48	$0.58	$0.05	$0.65	($0.84)	$1.12
Weighted Average Diluted Shares Outstanding	58.03M	57.79M	58.55M	58.48M	58.35M	58.35M	57.68M	59.59M	60.19M	59.35M	59.73M
Weighted Average Basic & Diluted Shares Outstanding	55.51M	55.94M	56.39M	56.33M	56.40M	56.33M	56.73M	59.64M	59.05M	59.44M	59.01M

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	2026
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	3/31/2026
Net Change in Cash & Equivalents	9.34	1.29	-5.24	41	-7.71	12	-14	77	-13	41	141
Net Cash From Operating Activities	25	2.12	12	56	44	29	20	102	71	134	213
Net Cash From Continuing Operating Activities	25	2.12	12	56	44	29	20	102	71	134	213
Net Income / (Loss) Continuing Operations	4.36	5.31	33	16	18	6.23	22	62	128	112	26
Consolidated Net Income / (Loss)	4.36	5.31	33	16	18	6.23	22	62	128	112	26
Depreciation Expense	10	13	15	18	23	25	27	18	30	44	79
Amortization Expense	1.07	1.28	0.81	0.79	0.75	0.85	0.39	0.35	0.43	0.55	1.43
Non-Cash Adjustments To Reconcile Net Income	5.82	-0.82	13	17	9.51	22	20	34	39	82	51
Changes in Operating Assets and Liabilities, net	2.99	-17	-50	4.58	-6.67	-25	-50	-11	-126	-104	54
Net Cash From Investing Activities	-10	-9.14	-10	-8.87	-35	-6.47	-4.82	-1.72	-285	-19	-605
Net Cash From Continuing Investing Activities	-10	-9.14	-10	-8.87	-35	-6.47	-4.82	-1.72	-285	-19	-605
Purchase of Property, Plant & Equipment	-10	-9.22	-7.54	-8.87	-9.42	-6.47	-4.82	-1.72	-8.66	-19	-22
Acquisitions	-	-	0.00	0.00	-26	-	0.00	0.00	-275	0.00	-582
Purchase of Investments	0.00	0.00	-2.88	-	-	-	0.00	0.00	-1.03	-0.58	-1.12
Net Cash From Financing Activities	-4.94	8.31	-7.20	-5.56	-17	-11	-29	-23	201	-74	534
Net Cash From Continuing Financing Activities	-4.94	8.31	-7.20	-5.56	-17	-11	-29	-23	201	-74	534
Repayment of Debt	-32	-166	-35	-11	-10	-33	-83	-31	-9.12	-265	-72
Repurchase of Common Equity	-	-	0.00	0.00	-7.90	-	-	0.00	0.00	-67	-50
Issuance of Debt	27	186	26	2.00	0.00	20	52	0.00	205	257	650
Issuance of Common Equity	0.03	64	1.98	3.18	1.49	1.50	1.68	8.05	5.56	0.95	5.80
Effect of Exchange Rate Changes	-	-	-	-	-	-	-	0.00	-0.03	0.22	-0.19
Cash Interest Paid	12	12	8.16	7.12	12	3.16	1.76	3.58	11	16	37
Cash Income Taxes Paid	7.79	8.47	5.67	4.09	0.18	2.30	7.57	13	12	25	21

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	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026	Q4 2026	Q1 2027
Period end date	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	3/31/2026	6/30/2026
Net Change in Cash & Equivalents	-93	33	0.85	-12	-23	75	21	29	-2.58	93	55
Net Cash From Operating Activities	-17	37	1.28	11	-15	136	27	23	59	102	112
Net Cash From Continuing Operating Activities	-17	37	1.28	11	-15	136	27	23	59	102	112
Net Income / (Loss) Continuing Operations	27	15	48	19	17	28	33	3.00	39	-49	67
Consolidated Net Income / (Loss)	27	15	48	19	17	28	33	3.00	39	-49	67
Depreciation Expense	8.13	12	9.06	13	7.10	13	13	18	22	26	26
Amortization Expense	0.14	0.14	0.14	0.14	0.14	0.13	0.13	0.35	0.48	0.47	0.47
Non-Cash Adjustments To Reconcile Net Income	4.30	12	15	22	29	18	13	-14	33	20	23
Changes in Operating Assets and Liabilities, net	-57	-1.64	-71	-42	-69	77	-32	16	-35	105	-4.38
Net Cash From Investing Activities	-279	-3.70	-0.88	-1.62	-5.24	-11	-7.56	-587	-7.94	-2.30	-1.67
Net Cash From Continuing Investing Activities	-279	-3.70	-0.88	-1.62	-5.24	-11	-7.56	-587	-7.94	-2.30	-1.67
Purchase of Property, Plant & Equipment	-4.52	-2.68	-0.79	-1.62	-5.05	-11	-7.10	-6.85	-6.62	-1.89	-1.43
Other Investing Activities, net	-	-	-0.09	-	-0.19	-	-0.46	-	-0.24	-	-0.24
Net Cash From Financing Activities	204	-0.11	0.41	-22	-2.30	-50	0.12	595	-54	-7.00	-55
Net Cash From Continuing Financing Activities	204	-0.11	0.41	-22	-2.30	-50	0.12	595	-54	-7.00	-55
Repayment of Debt	-2.77	-2.77	-0.06	-5.38	-2.69	-257	0.00	-57	-7.50	-7.50	-7.50
Repurchase of Common Equity	-	-	-	-	-	-50	0.00	-	-50	-	-50
Issuance of Common Equity	-	2.67	0.46	-	-	-	0.12	1.65	3.53	0.50	2.02
Effect of Exchange Rate Changes	-0.06	0.02	0.04	0.57	-0.68	0.28	1.54	-1.35	-0.09	-0.29	0.02

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	2026
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	3/31/2026
Total Assets	361	415	417	436	453	487	495	596	1,129	1,248	2,394
Total Current Assets	71	125	124	142	132	170	193	303	477	541	789
Cash & Equivalents	14	15	10	51	46	58	43	121	108	149	290
Accounts Receivable	22	38	45	37	30	40	46	68	124	126	175
Inventories, net	31	69	63	46	46	57	84	81	191	187	220
Prepaid Expenses	2.98	2.39	6.27	7.47	10	15	20	33	54	79	105
Plant, Property, & Equipment, net	9.85	17	18	22	17	14	11	7.87	14	29	41
Total Noncurrent Assets	281	273	276	272	304	303	291	284	638	679	1,563
Goodwill	157	157	157	157	171	172	172	172	341	341	853
Intangible Assets	121	113	106	99	102	94	86	78	225	208	553
Other Noncurrent Operating Assets	1.95	2.41	9.54	13	27	35	30	35	73	131	157
Total Liabilities & Shareholders' Equity	361	415	417	436	453	487	495	596	1,129	1,248	2,394
Total Liabilities	224	274	223	207	211	218	182	185	487	487	1,264
Total Current Liabilities	46	80	51	43	51	73	65	108	299	177	336
Short-Term Debt	10	8.65	8.65	9.86	13	16	5.79	5.58	100	0.00	56
Accounts Payable	11	38	27	20	12	16	19	31	81	72	97
Accrued Expenses	14	34	16	13	26	41	40	71	118	105	182
Total Noncurrent Liabilities	178	194	172	164	160	144	117	77	188	310	927
Long-Term Debt	135	156	148	141	126	110	91	61	162	257	809
Noncurrent Deferred & Payable Income Tax Liabilities	42	34	21	20	22	13	9.59	3.74	3.67	3.81	6.20
Other Noncurrent Operating Liabilities	1.60	3.21	2.98	2.77	12	21	17	12	22	50	112
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	-60	141	194	229	242	270	312	411	643	761	1,131
Total Preferred & Common Equity	-60	141	194	229	242	270	312	411	643	761	1,131
Total Common Equity	-60	141	194	229	242	270	312	411	643	761	1,131
Common Stock	6.79	701	721	741	754	775	796	833	937	943	1,286
Retained Earnings	-67	-560	-527	-512	-512	-505	-484	-422	-294	-182	-156
Accumulated Other Comprehensive Income / (Loss)	-	-	-	-	-	-	-	0.00	-0.05	0.52	0.88

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	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026	Q2 2026	Q3 2026	Q1 2027
Period end date	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	6/30/2026
Total Assets	556	658	747	1,108	1,205	1,237	1,265	1,315	2,319	2,324	2,461
Total Current Assets	263	370	435	455	530	554	559	603	707	702	860
Cash & Equivalents	87	143	168	73	109	97	74	170	194	197	344
Accounts Receivable	66	91	87	121	156	147	188	173	155	190	175
Inventories, net	81	98	147	205	200	239	215	170	247	221	247
Prepaid Expenses	28	39	34	57	66	72	83	89	111	94	94
Plant, Property, & Equipment, net	8.73	7.58	7.62	13	14	16	20	39	44	45	40
Total Noncurrent Assets	284	280	304	641	660	667	686	673	1,567	1,577	1,561
Goodwill	172	172	172	340	341	341	341	341	852	853	853
Intangible Assets	80	76	74	231	221	216	212	203	575	564	542
Other Noncurrent Operating Assets	30	32	58	70	99	110	133	129	140	160	166
Total Liabilities & Shareholders' Equity	556	658	747	1,108	1,205	1,237	1,265	1,315	2,319	2,324	2,461
Total Liabilities	171	186	231	494	501	509	497	510	1,180	1,162	1,292
Total Current Liabilities	88	110	152	303	300	311	294	185	262	254	338
Short-Term Debt	5.69	5.43	5.23	100	103	100	100	0.00	23	30	58
Accounts Payable	32	53	64	73	80	94	65	75	109	74	96
Accrued Expenses	50	51	83	130	117	117	128	110	130	150	183
Total Noncurrent Liabilities	83	76	78	191	201	198	204	325	918	908	954
Long-Term Debt	62	60	58	164	159	157	154	257	832	817	802
Noncurrent Deferred & Payable Income Tax Liabilities	7.78	5.86	4.90	4.28	7.91	4.83	0.49	17	21	17	6.21
Other Noncurrent Operating Liabilities	13	11	16	22	34	37	49	52	65	74	146
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	385	472	516	614	704	728	767	805	1,139	1,162	1,169
Total Preferred & Common Equity	385	472	516	614	704	728	767	805	1,139	1,162	1,169
Total Common Equity	385	472	516	614	704	728	767	805	1,139	1,162	1,169
Common Stock	824	841	852	923	950	955	978	953	1,284	1,267	1,257
Retained Earnings	-438	-369	-336	-309	-247	-228	-211	-149	-146	-107	-89
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	0.93

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	2026
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	3/31/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	59,052,239.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	59,052,239.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	0.45
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	0.00%	19.93%	17.56%	-0.91%	0.00%	12.47%	23.28%	47.61%	76.89%	28.28%	24.59%
EBITDA Growth	0.00%	23.72%	14.92%	-4.62%	0.00%	-37.36%	65.09%	59.07%	110.90%	12.40%	-22.93%
EBIT Growth	0.00%	21.95%	19.73%	-17.51%	0.00%	-74.39%	264.16%	133.90%	127.69%	5.59%	-52.04%
NOPAT Growth	0.00%	-2.66%	296.74%	-54.38%	0.00%	-28.66%	60.53%	156.77%	107.11%	-10.17%	-60.66%
Net Income Growth	0.00%	21.94%	530.06%	-53.62%	0.00%	-65.15%	249.33%	182.64%	107.48%	-12.20%	-76.52%
EPS Growth	0.00%	97.47%	101.72%	-52.94%	0.00%	-65.71%	241.67%	170.73%	99.10%	-13.12%	-77.08%
Operating Cash Flow Growth	0.00%	-91.35%	483.87%	349.04%	0.00%	-33.48%	-33.80%	422.13%	-30.16%	88.10%	58.78%
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%	-1,697.92%
Invested Capital Growth	0.00%	8.43%	16.14%	-3.45%	0.00%	1.13%	8.20%	-1.76%	123.30%	9.08%	96.40%
Revenue Q/Q Growth	0.00%	0.00%	1.95%	-1.12%	0.00%	5.98%	3.28%	16.56%	15.03%	0.88%	7.68%
EBITDA Q/Q Growth	0.00%	0.00%	-1.18%	-1.61%	0.00%	-6.55%	7.52%	6.67%	8.10%	16.12%	-34.51%
EBIT Q/Q Growth	0.00%	0.00%	-3.87%	-6.62%	0.00%	-26.37%	14.67%	11.18%	5.58%	23.75%	-55.75%
NOPAT Q/Q Growth	0.00%	0.00%	68.86%	-42.03%	0.00%	29.77%	5.40%	27.83%	2.80%	6.63%	-60.29%
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%	-74.68%
EPS Q/Q Growth	0.00%	0.00%	-99.69%	-42.86%	0.00%	9.09%	7.89%	30.59%	-2.21%	14.29%	-75.00%
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%	-13.67%
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%	-6.24%
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%	-5.81%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	52.41%	57.60%	61.03%	60.85%	64.03%	64.82%	64.19%	67.44%	70.72%	71.24%	70.72%
EBITDA Margin	17.11%	17.65%	17.26%	16.61%	19.08%	10.63%	14.23%	15.34%	18.29%	15.53%	9.61%
Operating Margin	13.36%	10.05%	12.33%	9.78%	10.59%	2.96%	7.59%	11.77%	14.62%	12.03%	4.50%
EBIT Margin	11.18%	11.37%	11.58%	9.64%	10.74%	2.45%	7.22%	11.45%	14.74%	12.13%	4.67%
Profit (Net Income) Margin	2.28%	2.31%	12.40%	5.81%	6.32%	1.96%	5.55%	10.63%	12.47%	8.53%	1.61%
Tax Burden Percent	50.21%	54.15%	148.98%	86.46%	74.30%	168.89%	85.60%	96.03%	90.55%	77.04%	65.05%
Interest Burden Percent	40.55%	37.60%	71.91%	69.67%	79.24%	47.43%	89.76%	96.69%	93.44%	91.32%	52.95%
Effective Tax Rate	49.79%	45.85%	-48.98%	13.54%	25.70%	-68.89%	14.40%	3.97%	9.45%	22.96%	34.95%
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%	3.72%
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%	-2.59%
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%	-0.94%
Return on Equity (ROE)	3.18%	3.83%	20.00%	7.34%	7.38%	2.44%	7.48%	17.01%	24.23%	15.97%	2.78%
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%	-61.33%
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%	4.20%
Return on Assets (ROA)	1.21%	1.37%	8.05%	3.64%	3.95%	1.33%	4.43%	11.29%	14.80%	9.43%	1.45%
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%	2.78%
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%	0.00%
Net Operating Profit after Tax (NOPAT)	13	12	50	23	22	16	25	65	136	122	48
NOPAT Margin	6.71%	5.44%	18.37%	8.46%	7.87%	4.99%	6.50%	11.30%	13.24%	9.27%	2.93%
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%	6.31%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-	-	11.96%	2.40%
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%	29.28%
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%	62.70%
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	39.06%	47.55%	48.70%	51.07%	53.45%	61.86%	56.60%	55.67%	56.10%	59.20%	66.22%
Earnings before Interest and Taxes (EBIT)	21	26	31	26	30	7.78	28	66	151	159	76
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	33	41	47	44	54	34	56	89	187	204	157
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	3.17
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	0.00
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	2.19
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	136.00
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	0.00%	0.41%	3.24%	3.72%	3.64%	0.45%	1.62%	1.40%	1.17%	3.17%	0.74%
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	2.43
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	2.54
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	26.43
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	54.37
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	86.75
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	19.55
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	0.00
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	0.77
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	0.72
Financial Leverage	0.96	1.01	0.88	0.57	0.37	0.30	0.20	-0.01	0.09	0.19	0.36
Leverage Ratio	2.64	2.79	2.49	2.02	1.87	1.84	1.69	1.51	1.64	1.69	1.93
Compound Leverage Factor	1.07	1.05	1.79	1.40	1.48	0.87	1.51	1.46	1.53	1.55	1.02
Debt to Total Capital	51.42%	53.92%	44.64%	39.60%	36.41%	31.94%	23.67%	13.92%	28.97%	25.23%	43.36%
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%	2.82%
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%	40.55%
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	70.01%	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	-21.43%	46.08%	55.36%	60.40%	63.59%	68.06%	76.33%	86.08%	71.03%	74.77%	56.64%
Debt to EBITDA	4.42	4.07	3.36	3.39	2.57	3.74	1.74	0.75	1.40	1.26	5.51
Net Debt to EBITDA	4.00	3.69	3.08	2.17	1.66	1.95	0.91	-0.61	0.82	0.53	3.66
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	5.15
Debt to NOPAT	11.29	13.19	3.15	6.65	6.23	7.97	3.80	1.02	1.93	2.11	18.07
Net Debt to NOPAT	10.20	11.97	2.89	4.26	4.03	4.15	1.99	-0.83	1.14	0.89	12.02
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	16.90
Altman Z-Score	0.00	1.87	2.11	0.65	0.88	3.28	4.36	15.01	14.59	5.98	2.62
Noncontrolling Interest Sharing Ratio	144.12%	71.03%	0.00%	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	2.35
Quick Ratio	0.80	0.66	1.06	2.04	1.48	1.34	1.37	1.75	0.78	1.55	1.38
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	-10	2.70	34	0.00	12	-2.04	72	-304	49	-790
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%	946.64%
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	-1,171.64
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	315.30
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	281.99
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.53	0.59	0.65	0.63	0.62	0.68	0.80	1.06	1.19	1.11	0.90
Accounts Receivable Turnover	8.52	7.61	6.55	6.57	9.52	9.10	9.15	10.20	10.68	10.52	10.89
Inventory Turnover	2.91	1.93	1.59	1.92	2.20	2.17	1.99	2.27	2.20	2.00	2.35
Fixed Asset Turnover	19.42	17.00	15.34	13.43	16.47	20.56	32.21	62.74	93.73	61.44	46.57
Accounts Payable Turnover	8.20	3.97	3.25	4.43	8.21	7.97	8.04	7.44	5.33	4.93	5.65
Days Sales Outstanding (DSO)	42.86	47.94	55.76	55.52	38.35	40.11	39.91	35.78	34.17	34.71	33.53
Days Inventory Outstanding (DIO)	125.27	188.74	229.20	190.04	165.80	168.00	183.65	160.59	166.05	182.90	155.19
Days Payable Outstanding (DPO)	44.54	91.99	112.32	82.38	44.46	45.81	45.39	49.06	68.48	74.03	64.62
Cash Conversion Cycle (CCC)	123.59	144.69	172.65	163.18	159.70	162.30	178.17	147.32	131.75	143.58	124.10
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	268	290	337	326	332	336	363	357	797	869	1,706
Invested Capital Turnover	0.71	0.82	0.86	0.81	0.85	0.95	1.12	1.61	1.78	1.58	1.27
Increase / (Decrease) in Invested Capital	0.00	23	47	-12	0.00	3.75	28	-6.37	440	72	838
Enterprise Value (EV)	0.00	1,459	1,175	514	581	1,441	1,397	4,334	11,035	3,649	4,155
Market Capitalization	0.00	1,310	1,032	418	492	1,375	1,346	4,389	10,881	3,541	3,579
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	$19.14
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	($4.67)
Total Capital	282	306	350	380	381	396	409	477	905	1,018	1,996
Total Debt	145	165	156	150	139	127	97	66	262	257	866
Total Long-Term Debt	135	156	148	141	126	110	91	61	162	257	809
Net Debt	131	150	143	96	90	66	51	-54	154	108	576
Capital Expenditures (CapEx)	10	9.22	7.54	8.87	9.42	6.47	4.82	1.72	8.66	19	22
Debt-free, Cash-free Net Working Capital (DFCFNWC)	21	38	71	57	48	55	90	80	170	215	220
Debt-free Net Working Capital (DFNWC)	35	53	81	109	94	113	134	201	278	364	509
Net Working Capital (NWC)	25	45	72	99	81	97	128	195	178	364	453
Net Nonoperating Expense (NNE)	8.48	7.18	16	7.10	4.37	9.64	3.71	3.91	7.87	9.65	22
Net Nonoperating Obligations (NNO)	131	150	143	96	90	66	51	-54	154	108	576
Total Depreciation and Amortization (D&A)	11	14	15	19	24	26	27	23	36	45	81
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%	13.43%
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%	31.13%
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%	27.69%
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	$0.45
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	58.26M
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	$0.44
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	59.35M
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	$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	59.44M
Normalized Net Operating Profit after Tax (NOPAT)	13	12	23	23	18	8.43	26	65	136	122	85
Normalized NOPAT Margin	6.71%	5.44%	8.63%	8.46%	6.30%	2.65%	6.51%	11.30%	13.24%	9.27%	5.22%
Pre Tax Income Margin	4.53%	4.27%	8.33%	6.71%	8.51%	1.16%	6.48%	11.07%	13.77%	11.08%	2.47%
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	113.38
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	71.06
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	80.07
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	37.76
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%	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%	189.93%

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

Metric	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026	Q4 2026	Q1 2027
Period end date	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	3/31/2026	6/30/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	59,052,239.00	59,440,526.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	59,052,239.00	59,440,526.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-0.84	1.12
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	84.90%	71.41%	49.99%	39.71%	31.14%	3.58%	9.02%	14.24%	37.76%	35.07%	35.52%
EBITDA Growth	44.51%	99.49%	-6.86%	-2.94%	-13.21%	129.99%	11.62%	-41.84%	112.42%	-137.48%	91.86%
EBIT Growth	43.21%	95.31%	-16.61%	-18.94%	-13.35%	187.12%	5.60%	-81.59%	122.15%	-205.27%	89.99%
NOPAT Growth	47.88%	39.82%	-5.18%	-43.52%	-18.12%	28.50%	-37.83%	-71.57%	114.26%	-223.92%	127.91%
Net Income Growth	40.74%	-10.58%	-10.23%	-42.83%	-35.80%	94.49%	-29.95%	-84.25%	128.12%	-274.72%	99.93%
EPS Growth	35.29%	-17.24%	-12.90%	-43.10%	-34.78%	100.00%	-28.40%	-84.85%	116.67%	-275.00%	93.10%
Operating Cash Flow Growth	-166.00%	12.57%	-94.51%	-59.99%	14.14%	267.69%	2,025.92%	109.66%	503.87%	-24.72%	310.04%
Free Cash Flow Firm Growth	-1,849.62%	-1,981.75%	-3,158.31%	-2,920.50%	71.44%	89.49%	99.26%	-98.04%	-587.38%	-1,888.55%	-23,717.58%
Invested Capital Growth	121.96%	123.30%	117.34%	115.69%	17.55%	9.08%	4.06%	102.59%	91.14%	96.40%	88.99%
Revenue Q/Q Growth	25.72%	18.53%	1.04%	-7.21%	18.02%	-6.38%	6.34%	-2.77%	42.32%	-8.22%	6.70%
EBITDA Q/Q Growth	-6.95%	-39.45%	120.89%	-28.39%	-16.79%	62.68%	11.31%	-63.51%	260.52%	-125.59%	669.83%
EBIT Q/Q Growth	-12.06%	-52.51%	211.51%	-37.70%	-6.00%	57.38%	14.57%	-89.14%	1,034.21%	-174.58%	306.78%
NOPAT Q/Q Growth	-16.34%	-21.38%	130.75%	-62.79%	21.29%	23.38%	11.65%	-82.98%	814.12%	-171.36%	305.34%
Net Income Q/Q Growth	-19.18%	-45.97%	227.36%	-60.00%	-9.25%	63.68%	17.90%	-91.01%	1,214.29%	-225.37%	234.91%
EPS Q/Q Growth	-20.69%	-47.83%	237.50%	-59.26%	-9.09%	60.00%	20.83%	-91.38%	1,200.00%	-229.23%	233.33%
Operating Cash Flow Q/Q Growth	-161.37%	316.07%	-96.54%	771.82%	-231.71%	1,025.28%	-79.99%	-14.02%	153.70%	72.47%	8.99%
Free Cash Flow Firm Q/Q Growth	-2,641.05%	-0.95%	1.49%	-11.11%	74.08%	62.96%	93.10%	-29,808.47%	10.04%	-7.16%	17.39%
Invested Capital Q/Q Growth	95.88%	-1.07%	7.56%	3.63%	6.76%	-8.34%	2.61%	101.76%	0.73%	-5.81%	-1.26%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	70.85%	70.75%	71.28%	71.10%	71.29%	71.26%	69.13%	69.45%	70.99%	72.66%	83.20%
EBITDA Margin	15.75%	8.76%	19.16%	14.79%	10.42%	18.11%	18.96%	7.12%	18.03%	-5.03%	26.84%
Operating Margin	11.75%	5.30%	15.63%	9.27%	9.87%	13.32%	13.77%	2.24%	13.80%	-11.20%	21.37%
EBIT Margin	12.70%	5.09%	15.69%	10.53%	8.39%	14.10%	15.19%	1.70%	13.53%	-10.99%	21.30%
Profit (Net Income) Margin	9.92%	4.52%	14.66%	6.32%	4.86%	8.49%	9.42%	0.87%	8.04%	-10.99%	13.89%
Tax Burden Percent	88.40%	129.93%	100.69%	68.06%	65.68%	64.16%	65.17%	-75.11%	73.10%	81.55%	70.62%
Interest Burden Percent	88.42%	68.44%	92.80%	88.14%	88.17%	93.88%	95.10%	-68.33%	81.35%	122.58%	92.35%
Effective Tax Rate	11.60%	-29.93%	-0.69%	31.95%	34.32%	35.84%	34.83%	0.00%	26.90%	0.00%	29.38%
Return on Invested Capital (ROIC)	15.81%	12.24%	28.48%	11.83%	9.63%	13.48%	13.79%	1.62%	11.11%	-9.97%	20.64%
ROIC Less NNEP Spread (ROIC-NNEP)	14.33%	-3.02%	19.22%	11.90%	6.52%	13.35%	15.09%	1.03%	8.70%	-14.10%	18.74%
Return on Net Nonoperating Assets (RNNOA)	2.44%	-0.29%	1.24%	0.53%	1.76%	2.49%	2.40%	0.45%	3.75%	-5.10%	5.72%
Return on Equity (ROE)	18.25%	11.95%	29.72%	12.36%	11.39%	15.97%	16.18%	2.07%	14.86%	-15.06%	26.37%
Cash Return on Invested Capital (CROIC)	-53.22%	-52.77%	-52.71%	-55.15%	-3.12%	5.94%	7.71%	-60.76%	-53.87%	-61.33%	-54.54%
Operating Return on Assets (OROA)	13.58%	6.04%	19.07%	12.93%	9.21%	15.58%	16.19%	1.32%	11.46%	-9.88%	19.88%
Return on Assets (ROA)	10.62%	5.37%	17.81%	7.75%	5.33%	9.39%	10.04%	0.68%	6.81%	-9.87%	12.97%
Return on Common Equity (ROCE)	18.25%	11.95%	29.72%	12.36%	11.39%	15.97%	16.18%	2.07%	14.86%	-15.06%	26.37%
Return on Equity Simple (ROE_SIMPLE)	21.06%	0.00%	17.37%	14.84%	12.82%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	28	22	51	19	23	28	32	5.40	49	-35	72
NOPAT Margin	10.39%	6.89%	15.74%	6.31%	6.49%	8.55%	8.97%	1.57%	10.09%	-7.84%	15.09%
Net Nonoperating Expense Percent (NNEP)	1.48%	15.26%	9.26%	-0.07%	3.10%	0.14%	-1.31%	0.59%	2.41%	4.13%	1.91%
Return On Investment Capital (ROIC_SIMPLE)	3.20%	-	-	-	2.26%	2.79%	2.99%	0.27%	2.46%	-1.77%	3.57%
Cost of Revenue to Revenue	29.15%	29.25%	28.72%	28.90%	28.71%	28.74%	30.87%	30.55%	29.01%	27.34%	16.80%
SG&A Expenses to Revenue	59.10%	65.45%	55.65%	61.83%	61.42%	57.94%	55.36%	67.20%	57.19%	71.03%	58.48%
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	59.10%	65.45%	55.65%	61.83%	61.42%	57.94%	55.36%	67.20%	57.19%	83.86%	61.83%
Earnings before Interest and Taxes (EBIT)	34	16	51	32	30	47	54	5.84	66	-49	102
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	43	28	62	45	37	60	67	24	88	-23	129
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	12.97	16.93	16.75	8.45	9.22	4.65	8.71	6.60	3.90	3.17	3.76
Price to Tangible Book Value (P/TBV)	183.58	141.54	82.87	36.01	32.93	16.66	26.86	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	8.95	10.63	10.41	5.05	5.43	2.70	5.22	5.42	2.98	2.19	2.50
Price to Earnings (P/E)	61.58	85.23	96.43	56.93	71.90	31.59	71.64	91.86	43.63	136.00	73.79
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	1.62%	1.17%	1.04%	1.76%	1.39%	3.17%	1.40%	1.09%	2.29%	0.74%	1.36%
Enterprise Value to Invested Capital (EV/IC)	10.12	13.85	13.94	7.11	7.65	4.20	7.96	4.55	2.86	2.43	2.92
Enterprise Value to Revenue (EV/Rev)	9.17	10.78	10.55	5.18	5.57	2.78	5.28	5.90	3.41	2.54	2.79
Enterprise Value to EBITDA (EV/EBITDA)	48.17	58.94	65.37	34.79	41.29	17.89	33.64	42.29	21.60	26.43	22.46
Enterprise Value to EBIT (EV/EBIT)	57.09	73.13	84.84	47.31	56.33	22.91	43.76	59.98	30.02	54.37	39.39
Enterprise Value to NOPAT (EV/NOPAT)	61.89	81.42	89.86	53.50	63.53	29.97	69.43	86.40	42.99	86.75	54.15
Enterprise Value to Operating Cash Flow (EV/OCF)	121.75	155.09	243.28	195.10	208.68	27.27	44.41	47.52	21.06	19.55	16.55
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	73.84	105.24	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.43	0.41	0.37	0.35	0.33	0.34	0.32	0.75	0.73	0.77	0.74
Long-Term Debt to Equity	0.27	0.25	0.23	0.22	0.20	0.34	0.32	0.73	0.70	0.72	0.69
Financial Leverage	0.17	0.09	0.06	0.04	0.27	0.19	0.16	0.44	0.43	0.36	0.31
Leverage Ratio	1.67	1.64	1.58	1.59	1.72	1.69	1.67	1.90	1.86	1.93	1.91
Compound Leverage Factor	1.47	1.12	1.47	1.41	1.51	1.59	1.59	-1.30	1.51	2.36	1.77
Debt to Total Capital	30.12%	28.97%	27.15%	26.09%	24.89%	25.23%	24.18%	42.85%	42.15%	43.36%	42.39%
Short-Term Debt to Total Capital	11.42%	11.09%	10.66%	10.18%	9.81%	0.00%	0.00%	1.13%	1.49%	2.82%	2.87%
Long-Term Debt to Total Capital	18.70%	17.89%	16.49%	15.91%	15.08%	25.23%	24.18%	41.72%	40.66%	40.55%	39.52%
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	69.88%	71.03%	72.85%	73.91%	75.11%	74.77%	75.82%	57.15%	57.85%	56.64%	57.61%
Debt to EBITDA	1.56	1.40	1.44	1.42	1.45	1.26	1.22	4.42	3.53	5.51	3.93
Net Debt to EBITDA	1.13	0.82	0.84	0.88	1.03	0.53	0.41	3.41	2.71	3.66	2.36
Long-Term Debt to EBITDA	0.97	0.86	0.87	0.86	0.88	1.26	1.22	4.30	3.40	5.15	3.67
Debt to NOPAT	2.01	1.93	1.97	2.18	2.23	2.11	2.51	9.03	7.02	18.07	9.48
Net Debt to NOPAT	1.46	1.14	1.15	1.36	1.58	0.89	0.85	6.97	5.39	12.02	5.69
Long-Term Debt to NOPAT	1.25	1.19	1.20	1.33	1.35	2.11	2.51	8.79	6.77	16.90	8.84
Altman Z-Score	10.36	14.19	15.13	8.29	9.66	5.68	9.62	4.57	3.26	2.45	3.10
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	1.50	1.60	1.77	1.78	1.90	3.05	3.26	2.70	2.76	2.35	2.55
Quick Ratio	0.64	0.78	0.88	0.78	0.89	1.55	1.86	1.33	1.52	1.38	1.54
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-415	-418	-411	-457	-118	-44	-3.03	-905	-814	-873	-721
Operating Cash Flow to CapEx	-379.09%	1,383.74%	162.98%	688.11%	-291.15%	1,230.67%	383.83%	341.87%	897.36%	5,435.44%	7,803.28%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-1,343.37	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	34.74	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	24.58	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.07	1.19	1.22	1.23	1.10	1.11	1.07	0.78	0.85	0.90	0.93
Accounts Receivable Turnover	9.51	10.68	9.20	10.44	8.43	10.52	8.16	9.20	8.04	10.89	10.13
Inventory Turnover	1.85	2.20	2.21	1.83	1.79	2.00	2.13	1.69	2.08	2.35	2.16
Fixed Asset Turnover	82.69	93.73	104.72	105.03	79.68	61.44	50.46	46.20	46.97	46.57	44.68
Accounts Payable Turnover	5.03	5.33	4.94	4.49	5.44	4.93	5.10	4.06	6.49	5.65	5.28
Days Sales Outstanding (DSO)	38.40	34.17	39.69	34.96	43.28	34.71	44.72	39.68	45.40	33.53	36.03
Days Inventory Outstanding (DIO)	197.44	166.05	164.96	199.50	203.42	182.90	171.43	215.42	175.84	155.19	169.02
Days Payable Outstanding (DPO)	72.53	68.48	73.84	81.32	67.05	74.03	71.64	89.91	56.25	64.62	69.09
Cash Conversion Cycle (CCC)	163.32	131.75	130.81	153.14	179.65	143.58	144.51	165.19	164.99	124.10	135.97
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	806	797	857	888	948	869	891	1,799	1,812	1,706	1,685
Invested Capital Turnover	1.52	1.78	1.81	1.87	1.48	1.58	1.54	1.03	1.10	1.27	1.37
Increase / (Decrease) in Invested Capital	443	440	463	476	142	72	35	911	864	838	793
Enterprise Value (EV)	8,160	11,035	11,941	6,308	7,253	3,649	7,096	8,176	5,185	4,155	4,915
Market Capitalization	7,967	10,881	11,787	6,148	7,072	3,541	7,010	7,516	4,535	3,579	4,399
Book Value per Share	$11.13	$11.58	$12.58	$12.91	$13.62	$13.49	$14.29	$20.08	$19.48	$19.14	$19.66
Tangible Book Value per Share	$0.79	$1.39	$2.54	$3.03	$3.81	$3.77	$4.63	($5.08)	($4.28)	($4.67)	($3.81)
Total Capital	879	905	966	985	1,022	1,018	1,062	1,993	2,009	1,996	2,029
Total Debt	265	262	262	257	254	257	257	854	847	866	860
Total Long-Term Debt	164	162	159	157	154	257	257	832	817	809	802
Net Debt	192	154	153	160	180	108	87	660	650	576	516
Capital Expenditures (CapEx)	4.52	2.68	0.79	1.62	5.05	11	7.10	6.85	6.62	1.89	1.43
Debt-free, Cash-free Net Working Capital (DFCFNWC)	180	170	225	247	292	215	248	273	280	220	236
Debt-free Net Working Capital (DFNWC)	252	278	334	343	365	364	418	468	477	509	580
Net Working Capital (NWC)	152	178	231	243	265	364	418	445	447	453	522
Net Nonoperating Expense (NNE)	1.26	7.60	3.50	-0.02	5.78	0.18	-1.57	2.41	10.00	14	5.75
Net Nonoperating Obligations (NNO)	192	154	153	160	180	108	87	660	650	576	516
Total Depreciation and Amortization (D&A)	8.28	12	11	13	7.23	13	13	19	22	27	27
Debt-free, Cash-free Net Working Capital to Revenue	20.18%	16.61%	19.84%	20.25%	22.39%	16.35%	18.45%	19.74%	18.45%	13.43%	13.40%
Debt-free Net Working Capital to Revenue	28.35%	27.18%	29.47%	28.20%	28.07%	27.67%	31.11%	33.77%	31.40%	31.13%	32.94%
Net Working Capital to Revenue	17.07%	17.38%	20.37%	19.97%	20.37%	27.67%	31.11%	32.14%	29.43%	27.69%	29.63%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.49	$0.25	$0.85	$0.34	$0.31	$0.49	$0.59	$0.05	$0.66	($0.85)	$1.13
Adjusted Weighted Average Basic Shares Outstanding	55.14M	54.75M	55.97M	56.35M	56.36M	56.21M	56.33M	58.36M	59.29M	58.26M	59.14M
Adjusted Diluted Earnings per Share	$0.46	$0.24	$0.81	$0.33	$0.30	$0.48	$0.58	$0.05	$0.65	($0.84)	$1.12
Adjusted Weighted Average Diluted Shares Outstanding	58.03M	57.79M	58.55M	58.48M	58.35M	58.35M	57.68M	59.59M	60.19M	59.35M	59.73M
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	55.51M	55.94M	56.39M	56.33M	56.40M	56.33M	56.73M	59.64M	59.05M	59.44M	59.01M
Normalized Net Operating Profit after Tax (NOPAT)	28	12	35	19	23	28	32	5.40	49	-35	84
Normalized NOPAT Margin	10.39%	3.71%	10.94%	6.31%	6.49%	8.55%	8.97%	1.57%	10.09%	-7.84%	17.46%
Pre Tax Income Margin	11.23%	3.48%	14.56%	9.28%	7.40%	13.24%	14.45%	-1.16%	11.00%	-13.47%	19.67%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	8.66	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	8.01	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-1.50	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-2.15	0.00	0.00	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%	59.83%	0.00%	61.09%	96.19%	189.93%	167.72%

Financials Breakdown Chart

Key Financial Trends

e.l.f. Beauty’s latest financial statements show strong operating momentum, although the balance sheet is carrying substantially more debt and acquisition-related assets than it did a year ago. In Q1 fiscal 2027, revenue increased to $479.4 million from $353.7 million in Q1 fiscal 2026, a gain of approximately 36%. This continues a multi-year growth trend, with quarterly revenue rising from $98.1 million in Q3 fiscal 2022 to the latest quarter.

Revenue growth remains substantial: Q1 fiscal 2027 revenue rose approximately 36% year over year and was also higher than the $449.3 million reported in Q4 fiscal 2026.
Gross margins improved sharply: Gross profit was $398.8 million, representing a gross margin of approximately 83.2%, compared with roughly 69.1% in Q1 fiscal 2026 and 72.7% in Q4 fiscal 2026.
Operating profitability strengthened: Operating income more than doubled year over year to $102.4 million, and the operating margin improved to approximately 21.4% from 13.8% in the prior-year quarter.
Net income and EPS increased materially: Net income rose to $66.6 million from $33.3 million, while diluted EPS increased to $1.12 from $0.58.
Operating cash flow accelerated: Cash generated from operations reached $111.7 million in Q1 fiscal 2027, compared with $27.2 million in Q1 fiscal 2026 and $59.4 million in Q3 fiscal 2026.
Liquidity improved: Cash and equivalents increased to $344.2 million from $170.0 million at the end of Q1 fiscal 2026. Current assets of $859.8 million also substantially exceeded current liabilities of $337.7 million.
Share repurchases may support per-share results: e.l.f. Beauty repurchased approximately $50.0 million of common stock in Q1 fiscal 2027, following a similarly sized repurchase in Q3 fiscal 2026.
Recent earnings have been volatile: The company reported a $49.4 million net loss in Q4 fiscal 2026, followed by record profitability in Q1 fiscal 2027. Q4 included $16.1 million of special charges and significantly higher operating expenses, so investors should determine how much of the improvement is recurring.
Debt has increased significantly: Short- and long-term debt totaled approximately $860.2 million at June 30, 2026, compared with $256.7 million at June 30, 2025. The increase creates greater interest-rate and refinancing risk, even though cash has also grown.
Goodwill and intangible assets now dominate the balance sheet: These assets totaled approximately $1.40 billion in Q1 fiscal 2027, up from $544.0 million a year earlier. This increases the potential impact of future impairment charges if acquired businesses or brands underperform.

The cash flow statement provides an important counterpoint to the debt increase. Q1 fiscal 2027 operating cash flow of $111.7 million more than covered capital expenditures of $1.7 million, leaving substantial cash available for debt repayment, repurchases and other corporate uses. However, financing activities reduced cash by $55.5 million because the company repurchased stock and repaid $7.5 million of debt.

Overall, the trend in e.l.f. Beauty’s income statement is favorable: revenue, margins, operating income and EPS have generally expanded significantly over the past several years. The main issues for investors to monitor are whether the latest margin improvement is sustainable, whether the company can reduce its post-acquisition leverage, and whether its enlarged goodwill and intangible-asset balances generate sufficient future earnings.

08/23/26 05:19 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 2026 ended on March 31, 2026.

e.l.f. Beauty's net income appears to be on an upward trend, with a most recent value of $26.32 million in 2026, rising from $4.36 million in 2015. The previous period was $112.09 million in 2025. Find out what analysts predict for e.l.f. Beauty in the coming months.

e.l.f. Beauty's total operating income in 2026 was $73.63 million, based on the following breakdown:

Total Gross Profit: $1.16 billion
Total Operating Expenses: $1.08 billion

Over the last 10 years, e.l.f. Beauty's total revenue changed from $191.41 million in 2015 to $1.64 billion in 2026, a change of 754.9%.

e.l.f. Beauty's total liabilities were at $1.26 billion at the end of 2026, a 159.3% increase from 2025, and a 463.7% increase since 2015.

In the past 10 years, e.l.f. Beauty's cash and equivalents has ranged from $10.06 million in 2017 to $289.69 million in 2026, and is currently $289.69 million as of their latest financial filing in 2026.

Over the last 10 years, e.l.f. Beauty's book value per share changed from -1,978.77 in 2015 to 19.14 in 2026, a change of -101.0%.

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Financial statements for NYSE:ELF last updated on 8/7/2026 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 10 years?

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

How has e.l.f. Beauty's revenue changed over the last 10 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 10 years?

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