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Soho House & Co Inc. (SHCO) Financials

Annual Income Statements for Soho House & Co Inc.

This table shows Soho House & Co Inc.'s income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2019	2020	2021	2022	2023	2024
Period end date	12/29/2019	1/3/2021	1/2/2022	1/1/2023	12/31/2023	12/29/2024
Net Income / (Loss) Attributable to Common Shareholders	-128	-228	-265	-224	-131	-163
Consolidated Net Income / (Loss)	-128	-235	-269	-223	-130	-164
Net Income / (Loss) Continuing Operations	-128	-235	-269	-223	-130	-164
Total Pre-Tax Income	-124	-236	-268	-218	-119	-150
Total Operating Income	-59	-155	-188	-151	-36	-70
Total Gross Profit	642	384	561	976	1,125	1,204
Total Revenue	642	384	561	976	1,125	1,204
Operating Revenue	642	384	561	976	1,125	1,204
Total Cost of Revenue	0.00	0.00	0.00	0.00	0.00	0.00
Total Operating Expenses	701	539	749	1,127	1,161	1,274
Selling, General & Admin Expense	220	184	257	375	993	429
Depreciation Expense	57	70	84	100	111	102
Other Operating Expenses / (Income)	400	261	360	610	-30	673
Impairment Charge	-	-	-	0.00	48	39
Other Special Charges / (Income)	23	24	48	42	39	32
Total Other Income / (Expense), net	-65	-81	-80	-67	-83	-80
Interest Expense	64	78	84	72	84	84
Interest & Investment Income	0.77	-3.63	-2.25	3.94	1.90	5.09
Other Income / (Expense), net	-1.34	0.10	6.84	0.39	-1.04	-1.77
Income Tax Expense	4.47	-0.78	0.89	5.13	11	13
Net Income / (Loss) Attributable to Noncontrolling Interest	-0.26	-6.81	-3.32	0.80	0.87	-0.60
Basic Earnings per Share	($1.01)	($1.64)	($1.88)	($1.12)	($0.67)	($0.84)
Weighted Average Basic Shares Outstanding	-	141.90M	173.69K	199.99M	195.59M	195.16M
Diluted Earnings per Share	($1.01)	($1.64)	($1.88)	($1.12)	($0.67)	($0.84)
Weighted Average Diluted Shares Outstanding	-	141.90M	173.69K	199.99M	195.59M	195.16M
Weighted Average Basic & Diluted Shares Outstanding	-	-	-	61.54M	391.35M	388.99M

This table shows Soho House & Co Inc.'s income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025
Period end date	4/2/2023	7/2/2023	10/1/2023	12/31/2023	3/31/2024	6/30/2024	9/29/2024	12/29/2024	3/30/2025	6/29/2025	9/28/2025
Net Income / (Loss) Attributable to Common Shareholders	-16	-2.64	-49	-63	-42	-30	0.18	-83	8.17	25	-19
Consolidated Net Income / (Loss)	-16	-2.29	-48	-63	-42	-30	0.72	-84	7.51	24	-17
Net Income / (Loss) Continuing Operations	-16	-2.29	-48	-63	-42	-30	0.72	-84	7.51	24	-17
Total Pre-Tax Income	-16	-0.94	-44	-58	-45	-31	19	-93	14	40	-28
Total Operating Income	0.96	20	-27	-29	-24	-13	38	-71	35	60	-6.00
Total Gross Profit	255	289	293	288	262	303	333	302	283	330	371
Total Revenue	255	289	293	288	262	303	333	302	283	330	371
Operating Revenue	255	289	293	288	262	303	333	302	283	330	371
Total Cost of Revenue	0.00	0.00	0.00	-	0.00	0.00	0.00	-	0.00	0.00	0.00
Total Operating Expenses	254	269	321	316	286	316	295	374	248	270	377
Selling, General & Admin Expense	87	103	108	695	87	106	285	107	94	114	143
Depreciation Expense	24	25	25	37	25	25	26	24	24	23	27
Other Operating Expenses / (Income)	132	131	179	-471	160	171	-36	215	123	127	200
Impairment Charge	-	-	0.00	-	0.00	4.71	14	-	2.10	0.00	0.00
Other Special Charges / (Income)	11	9.86	9.78	8.43	14	9.25	6.07	2.53	4.40	5.35	6.99
Total Other Income / (Expense), net	-17	-21	-17	-29	-21	-18	-19	-22	-21	-20	-22
Interest Expense	19	22	19	25	21	20	21	22	21	22	23
Interest & Investment Income	0.87	1.59	1.95	-2.51	0.38	1.51	1.75	1.45	0.73	1.88	0.64
Other Income / (Expense), net	0.68	-0.09	0.01	-1.63	0.07	0.11	-0.24	-1.71	0.00	0.05	0.03
Income Tax Expense	-0.17	1.35	4.21	5.43	-3.23	-1.10	18	-9.65	6.74	16	-11
Net Income / (Loss) Attributable to Noncontrolling Interest	-0.06	0.36	0.91	-0.34	-0.30	-0.31	0.54	-0.54	-0.66	-0.76	1.70
Basic Earnings per Share	($0.08)	($0.01)	($0.25)	($0.33)	($0.21)	($0.15)	$0.00	($0.43)	$0.04	$0.13	($0.10)
Weighted Average Basic Shares Outstanding	195.42M	195.66K	196.15M	195.59M	195.71M	196.26M	194.52K	195.16M	194.46M	194.60M	195.24M
Diluted Earnings per Share	($0.08)	($0.01)	($0.25)	($0.33)	($0.21)	($0.15)	$0.00	($0.43)	$0.04	$0.13	($0.10)
Weighted Average Diluted Shares Outstanding	195.42M	195.66K	196.15M	195.59M	195.71M	196.26M	195.49K	195.16M	196.67M	196.40M	195.24M
Weighted Average Basic & Diluted Shares Outstanding	391.37M	393.13M	390.03M	391.35M	392.85M	389.77M	388.12M	388.99M	389.04M	390.21M	391.14M

This table details how cash moves in and out of Soho House & Co Inc.'s business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2019	2020	2021	2022	2023	2024
Period end date	12/29/2019	1/3/2021	1/2/2022	1/1/2023	12/31/2023	12/29/2024
Net Change in Cash & Equivalents	-15	3.66	161	-32	-28	-4.79
Net Cash From Operating Activities	-2.28	-38	-127	12	47	90
Net Cash From Continuing Operating Activities	-2.28	-38	-127	12	47	90
Net Income / (Loss) Continuing Operations	-128	-235	-269	-223	-130	-164
Consolidated Net Income / (Loss)	-128	-235	-269	-223	-130	-164
Depreciation Expense	57	70	84	100	111	102
Amortization Expense	5.79	5.78	4.63	4.32	2.81	2.80
Non-Cash Adjustments To Reconcile Net Income	59	81	32	156	77	107
Changes in Operating Assets and Liabilities, net	3.30	40	21	-25	-15	42
Net Cash From Investing Activities	-211	-140	-119	-93	-82	-71
Net Cash From Continuing Investing Activities	-211	-140	-119	-93	-82	-71
Purchase of Property, Plant & Equipment	-148	-129	-91	-72	-66	-64
Acquisitions	-63	-11	-28	-22	-18	-18
Sale of Property, Plant & Equipment	0.05	0.00	0.00	0.93	1.37	0.00
Other Investing Activities, net	0.22	0.00	0.00	0.34	0.15	11
Net Cash From Financing Activities	197	180	408	53	4.91	-20
Net Cash From Continuing Financing Activities	197	179	408	53	4.91	-20
Repayment of Debt	-127	-0.39	-634	-0.96	-122	-1.78
Payment of Dividends	-1.85	-0.47	-0.70	-1.21	-0.39	-1.45
Issuance of Debt	247	59	1,015	106	140	1.11
Other Financing Activities, net	-0.06	-0.13	-0.28	-51	-12	-18
Effect of Exchange Rate Changes	-	2.05	-0.91	-4.00	2.97	-3.32
Cash Interest Paid	43	29	130	30	32	34
Cash Income Taxes Paid	5.81	1.70	0.31	0.59	5.54	3.77

This table details how cash moves in and out of Soho House & Co Inc.'s business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025
Period end date	4/2/2023	7/2/2023	10/1/2023	12/31/2023	3/31/2024	6/30/2024	9/29/2024	12/29/2024	3/30/2025	6/29/2025	9/28/2025
Net Change in Cash & Equivalents	-28	15	-15	0.48	-19	9.83	-5.26	9.70	-1.66	0.76	-7.16
Net Cash From Operating Activities	-12	21	20	18	6.19	38	18	27	23	41	35
Net Cash From Continuing Operating Activities	-12	21	20	18	6.19	38	18	27	23	41	35
Net Income / (Loss) Continuing Operations	-16	-2.29	-50	-62	-42	-34	9.17	-92	7.51	24	-17
Consolidated Net Income / (Loss)	-16	-2.29	-50	-62	-42	-34	9.17	-92	7.51	24	-17
Depreciation Expense	24	25	24	37	25	25	26	25	24	23	27
Amortization Expense	0.76	0.70	0.65	0.70	0.70	0.69	0.51	0.90	0.70	0.78	0.77
Non-Cash Adjustments To Reconcile Net Income	-0.78	-6.30	50	34	24	25	-31	89	-7.67	-35	26
Changes in Operating Assets and Liabilities, net	-21	3.40	-5.25	7.89	-2.18	21	13	4.07	-1.73	28	-1.71
Net Cash From Investing Activities	-16	-25	-21	-20	-24	-19	-12	-14	-18	-45	-39
Net Cash From Continuing Investing Activities	-16	-25	-21	-20	-24	-19	-12	-14	-18	-45	-39
Purchase of Property, Plant & Equipment	-12	-21	-16	-16	-20	-26	-9.03	-8.35	-15	-29	-31
Acquisitions	-4.67	-4.15	-5.17	-3.95	-4.58	-4.37	-3.28	-5.51	-4.66	-22	-8.25
Other Investing Activities, net	-	-	-	-	0.00	-	-	11	1.65	5.55	0.87
Net Cash From Financing Activities	-0.63	18	-12	-0.63	-0.38	-7.00	-14	1.60	-8.45	-0.36	-2.33
Net Cash From Continuing Financing Activities	-0.63	18	-12	-0.63	-0.38	-7.00	-14	1.60	-8.45	-0.36	-2.33
Repayment of Debt	-0.20	-122	-0.15	-0.44	-0.31	-0.57	-0.35	-0.55	-5.99	-0.24	-0.96
Payment of Dividends	-0.39	-	-	-	0.00	-1.45	-2.24	2.24	-2.36	-	-1.26
Other Financing Activities, net	-0.04	-0.10	-0.09	-12	-0.07	-0.27	0.05	-17	-0.10	-0.12	-0.10
Effect of Exchange Rate Changes	1.00	1.08	-2.17	3.07	-0.63	-1.21	3.38	-4.92	2.27	4.83	-0.92
Cash Interest Paid	8.57	7.32	8.12	8.25	10	7.64	7.16	9.35	9.18	8.11	7.86
Cash Income Taxes Paid	0.26	1.25	1.52	2.51	1.36	1.02	1.39	-	0.06	4.02	3.19

This table presents Soho House & Co Inc.'s assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2020	2021	2022	2023	2024
Period end date	1/3/2021	1/2/2022	1/1/2023	12/31/2023	12/29/2024
Total Assets	2,104	2,381	2,468	2,528	2,444
Total Current Assets	136	327	381	389	388
Cash & Equivalents	53	213	182	159	153
Restricted Cash	7.08	7.83	7.93	1.95	3.60
Accounts Receivable	9.66	19	42	58	79
Inventories, net	23	30	58	58	54
Prepaid Expenses	44	57	91	112	99
Plant, Property, & Equipment, net	670	685	647	621	598
Total Noncurrent Assets	1,299	1,370	1,440	1,518	1,457
Long-Term Investments	24	24	22	22	13
Goodwill	201	214	200	206	195
Intangible Assets	108	132	126	127	103
Noncurrent Deferred & Refundable Income Taxes	0.38	0.45	0.30	0.74	5.31
Other Noncurrent Operating Assets	965	999	1,092	1,162	1,140
Total Liabilities & Shareholders' Equity	2,104	2,381	2,468	2,528	2,444
Total Liabilities	2,303	2,199	2,483	2,695	2,773
Total Current Liabilities	359	330	396	427	474
Short-Term Debt	89	6.92	1.01	80	35
Accounts Payable	62	93	105	70	76
Accrued Expenses	73	63	84	86	98
Current Deferred Revenue	55	77	92	114	134
Current Deferred & Payable Income Tax Liabilities	-	-	-	-	34
Other Current Liabilities	65	64	76	36	97
Total Noncurrent Liabilities	1,944	1,870	2,087	2,268	2,299
Long-Term Debt	689	574	696	773	794
Capital Lease Obligations	1,064	1,116	1,209	1,303	1,301
Noncurrent Deferred Revenue	24	28	27	30	24
Noncurrent Deferred & Payable Income Tax Liabilities	1.30	1.86	1.67	1.51	2.29
Other Noncurrent Operating Liabilities	148	149	153	161	178
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	-374	182	-15	-167	-329
Total Preferred & Common Equity	-432	176	-22	-175	-335
Total Common Equity	-432	176	-22	-175	-335
Common Stock	338	1,191	1,215	1,234	1,249
Retained Earnings	-757	-1,022	-1,242	-1,377	-1,540
Treasury Stock	-	0.00	-50	-62	-79
Accumulated Other Comprehensive Income / (Loss)	-13	6.90	55	30	35
Noncontrolling Interest	58	6.06	7.06	7.74	5.60

This table presents Soho House & Co Inc.'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 2022	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025
Period end date	7/3/2022	10/2/2022	4/2/2023	7/2/2023	10/1/2023	3/31/2024	6/30/2024	9/29/2024	3/30/2025	6/29/2025	9/28/2025
Total Assets	2,435	2,365	2,497	2,556	2,527	2,524	2,550	2,579	2,480	2,595	2,684
Total Current Assets	423	386	375	419	400	404	406	412	403	407	405
Cash & Equivalents	259	228	154	129	163	142	151	143	150	150	142
Restricted Cash	7.26	7.21	8.40	48	0.50	2.24	3.19	3.81	4.57	5.11	5.76
Accounts Receivable	35	32	44	56	65	59	56	73	83	71	68
Inventories, net	43	37	57	66	56	62	64	64	55	58	65
Prepaid Expenses	79	81	111	120	117	138	132	129	111	122	123
Plant, Property, & Equipment, net	649	627	645	649	637	617	630	630	604	639	725
Total Noncurrent Assets	1,363	1,352	1,477	1,488	1,490	1,502	1,515	1,537	1,473	1,549	1,554
Long-Term Investments	22	21	23	25	26	22	12	14	13	39	41
Goodwill	198	187	202	205	200	204	204	212	200	211	208
Intangible Assets	127	122	127	128	124	125	119	122	105	110	108
Noncurrent Deferred & Refundable Income Taxes	0.67	0.46	0.30	0.48	0.47	0.73	0.74	0.78	5.53	5.78	15
Other Noncurrent Operating Assets	1,016	1,022	1,124	1,129	1,140	1,150	1,179	1,188	1,150	1,184	1,182
Total Liabilities & Shareholders' Equity	2,435	2,365	2,497	2,556	2,527	2,524	2,550	2,579	2,480	2,595	2,684
Total Liabilities	2,357	2,346	2,530	2,602	2,603	2,709	2,776	2,854	2,818	2,941	3,033
Total Current Liabilities	361	356	398	429	423	447	466	508	485	555	565
Short-Term Debt	11	0.90	69	27	26	85	88	36	30	34	32
Accounts Payable	69	92	73	75	76	86	86	79	82	78	91
Accrued Expenses	79	66	84	98	94	88	96	125	102	126	133
Current Deferred Revenue	95	91	104	114	109	114	124	120	135	150	136
Current Deferred & Payable Income Tax Liabilities	-	-	-	-	-	-	-	-	-	52	49
Other Current Liabilities	72	73	34	80	81	42	41	102	106	115	125
Total Noncurrent Liabilities	1,996	1,990	2,132	2,172	2,180	2,262	2,310	2,346	2,332	2,386	2,468
Long-Term Debt	675	675	708	741	745	775	785	796	813	834	842
Capital Lease Obligations	1,130	1,138	1,241	1,247	1,255	1,301	1,335	1,349	1,309	1,336	1,329
Noncurrent Deferred Revenue	24	27	27	27	26	25	25	28	27	24	26
Noncurrent Deferred & Payable Income Tax Liabilities	1.61	2.55	1.38	1.00	1.03	1.78	0.51	0.69	2.23	2.12	2.39
Other Noncurrent Operating Liabilities	142	147	154	157	154	160	164	172	182	190	270
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	78	20	-33	-46	-76	-185	-226	-275	-337	-346	-349
Total Preferred & Common Equity	73	15	-40	-53	-83	-193	-232	-279	-340	-349	-352
Total Common Equity	73	15	-40	-53	-83	-193	-232	-279	-340	-349	-352
Common Stock	1,201	1,208	1,221	1,226	1,230	1,241	1,245	1,248	1,251	1,253	1,254
Retained Earnings	-1,164	-1,256	-1,258	-1,261	-1,303	-1,406	-1,440	-1,448	-1,531	-1,506	-1,525
Treasury Stock	-20	-35	-50	-50	-62	-62	-67	-79	-79	-79	-79
Accumulated Other Comprehensive Income / (Loss)	56	98	48	32	52	34	31	-0.13	20	-16	-1.21
Noncontrolling Interest	5.42	4.71	6.60	7.14	7.75	7.59	5.84	4.33	2.77	2.38	2.72

This table displays calculated financial ratios and metrics derived from Soho House & Co Inc.'s official financial filings.

Metric	2019	2020	2021	2022	2023	2024
Period end date	12/29/2019	12/29/2019	1/3/2021	1/1/2023	12/31/2023	12/29/2024
Growth Metrics	-	-	-	-	-	-
Revenue Growth	0.00%	0.00%	-40.13%	153.92%	15.28%	6.99%
EBITDA Growth	0.00%	0.00%	-2,996.70%	41.28%	266.87%	-58.03%
EBIT Growth	0.00%	0.00%	-156.87%	2.58%	75.68%	-96.03%
NOPAT Growth	0.00%	0.00%	-162.89%	2.39%	76.43%	-96.78%
Net Income Growth	0.00%	0.00%	-83.81%	5.07%	41.94%	-26.13%
EPS Growth	0.00%	0.00%	-62.38%	31.71%	40.18%	-25.37%
Operating Cash Flow Growth	0.00%	0.00%	-1,577.45%	131.03%	296.09%	90.85%
Free Cash Flow Firm Growth	0.00%	0.00%	0.00%	-52.32%	-18.41%	135.32%
Invested Capital Growth	0.00%	0.00%	0.00%	3.76%	10.42%	-6.53%
Revenue Q/Q Growth	0.00%	0.00%	0.00%	37.43%	61.60%	16.16%
EBITDA Q/Q Growth	0.00%	0.00%	0.00%	50.08%	-6.78%	241.29%
EBIT Q/Q Growth	0.00%	0.00%	0.00%	16.12%	-570.77%	48.52%
NOPAT Q/Q Growth	0.00%	0.00%	0.00%	13.37%	-213.18%	49.69%
Net Income Q/Q Growth	0.00%	0.00%	0.00%	8.63%	-29.81%	29.75%
EPS Q/Q Growth	0.00%	0.00%	0.00%	-10.89%	36.19%	28.21%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	61.47%	-89.67%	134.34%	6.87%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	0.00%	-2.12%	185.26%
Invested Capital Q/Q Growth	0.00%	0.00%	0.00%	3.65%	2.54%	-3.26%
Profitability Metrics	-	-	-	-	-	-
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
EBITDA Margin	0.43%	0.43%	-20.57%	-4.76%	6.88%	2.70%
Operating Margin	-9.17%	-9.17%	-40.25%	-15.48%	-3.16%	-5.82%
EBIT Margin	-9.38%	-9.38%	-40.23%	-15.44%	-3.26%	-5.97%
Profit (Net Income) Margin	-19.94%	-19.94%	-61.21%	-22.88%	-11.53%	-13.59%
Tax Burden Percent	103.62%	103.62%	99.67%	102.35%	109.10%	108.86%
Interest Burden Percent	205.21%	205.21%	152.65%	144.86%	324.50%	209.24%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	0.00%	-2.61%	-6.87%	-6.58%	-1.45%	-2.81%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	-7.50%	-14.02%	-13.87%	-7.56%	-8.55%
Return on Net Nonoperating Assets (RNNOA)	0.00%	66.97%	125.17%	2,682.16%	-1,723.11%	68.68%
Return on Equity (ROE)	0.00%	64.36%	118.30%	2,675.58%	-1,724.56%	65.87%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	-6.87%	-10.27%	-11.35%	3.95%
Operating Return on Assets (OROA)	0.00%	-2.86%	-7.35%	-6.72%	-1.49%	-2.89%
Return on Assets (ROA)	0.00%	-6.08%	-11.18%	-9.96%	-5.28%	-6.58%
Return on Common Equity (ROCE)	0.00%	139.93%	257.20%	41,071.10%	-142.31%	67.64%
Return on Equity Simple (ROE_SIMPLE)	0.00%	29.60%	54.41%	-126.81%	74.15%	48.82%
Net Operating Profit after Tax (NOPAT)	-41	-41	-108	-106	-25	-49
NOPAT Margin	-6.42%	-6.42%	-28.18%	-10.83%	-2.21%	-4.07%
Net Nonoperating Expense Percent (NNEP)	0.00%	4.89%	7.15%	7.29%	6.11%	5.74%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-5.62%	-1.25%	-2.64%
Cost of Revenue to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	34.26%	34.26%	47.92%	38.46%	88.25%	35.66%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	109.17%	109.17%	140.25%	115.48%	103.16%	105.82%
Earnings before Interest and Taxes (EBIT)	-60	-60	-155	-151	-37	-72
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	2.73	2.73	-79	-46	77	33
Valuation Ratios	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.00	8.39	0.00	0.00
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.65	0.65	1.09	1.51	2.47	2.45
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.00	1.53	1.53	1.80	2.63	2.94
Enterprise Value to Revenue (EV/Rev)	0.00	3.76	6.27	3.01	4.23	4.13
Enterprise Value to EBITDA (EV/EBITDA)	0.00	883.55	0.00	0.00	61.43	152.86
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	247.61	101.26	55.41
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	72.02
Leverage & Solvency	-	-	-	-	-	-
Debt to Equity	0.00	-9.26	-9.26	9.32	-12.90	-6.64
Long-Term Debt to Equity	0.00	-8.81	-8.81	9.28	-12.42	-6.36
Financial Leverage	0.00	-8.93	-8.93	-193.38	227.85	-8.04
Leverage Ratio	0.00	-10.58	-10.58	-268.68	326.44	-10.01
Compound Leverage Factor	0.00	-21.71	-16.15	-389.21	1,059.29	-20.95
Debt to Total Capital	0.00%	112.11%	112.11%	90.31%	108.40%	117.74%
Short-Term Debt to Total Capital	0.00%	5.41%	5.41%	0.37%	4.04%	4.96%
Long-Term Debt to Total Capital	0.00%	106.70%	106.70%	89.94%	104.36%	112.78%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	14.22%	14.22%	0.32%	0.39%	0.30%
Common Equity to Total Capital	0.00%	-26.32%	-26.32%	9.37%	-8.79%	-18.04%
Debt to EBITDA	0.00	674.88	-23.30	-36.57	27.83	67.28
Net Debt to EBITDA	0.00	644.07	-22.23	-31.31	25.47	62.06
Long-Term Debt to EBITDA	0.00	642.34	-22.17	-36.42	26.80	64.45
Debt to NOPAT	0.00	-44.70	-17.00	-16.06	-86.53	-44.61
Net Debt to NOPAT	0.00	-42.66	-16.23	-13.75	-79.20	-41.15
Long-Term Debt to NOPAT	0.00	-42.55	-16.18	-15.99	-83.31	-42.73
Altman Z-Score	0.00	-0.31	-0.58	0.00	0.24	0.11
Noncontrolling Interest Sharing Ratio	0.00%	-117.42%	-117.42%	-1,435.04%	91.75%	-2.69%
Liquidity Ratios	-	-	-	-	-	-
Current Ratio	0.00	0.38	0.38	0.99	0.91	0.82
Quick Ratio	0.00	0.17	0.17	0.70	0.51	0.49
Cash Flow Metrics	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	0.00	-108	-165	-195	69
Operating Cash Flow to CapEx	-1.54%	-1.54%	-29.65%	16.61%	72.77%	139.71%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	-1.39	-2.31	-2.32	0.83
Operating Cash Flow to Interest Expense	-0.04	-0.04	-0.49	0.17	0.56	1.07
Operating Cash Flow Less CapEx to Interest Expense	-2.34	-2.34	-2.15	-0.83	-0.21	0.31
Efficiency Ratios	-	-	-	-	-	-
Asset Turnover	0.00	0.31	0.18	0.44	0.46	0.48
Accounts Receivable Turnover	0.00	66.47	39.79	67.32	29.06	17.58
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.00	0.96	0.57	1.44	1.72	1.97
Accounts Payable Turnover	0.00	0.00	0.00	0.00	0.00	0.00
Days Sales Outstanding (DSO)	0.00	5.49	9.17	5.42	12.56	20.77
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	0.00	0.00	0.00	0.00	0.00
Cash Conversion Cycle (CCC)	0.00	5.49	9.17	5.42	12.56	20.77
Capital & Investment Metrics	-	-	-	-	-	-
Invested Capital	0.00	1,576	1,576	1,636	1,806	1,688
Invested Capital Turnover	0.00	0.41	0.24	0.61	0.65	0.69
Increase / (Decrease) in Invested Capital	0.00	0.00	0.00	59	170	-118
Enterprise Value (EV)	0.00	2,411	2,411	2,937	4,758	4,969
Market Capitalization	420	420	420	1,478	2,777	2,946
Book Value per Share	$0.00	($14.41)	($3.05)	$0.45	($0.45)	($0.86)
Tangible Book Value per Share	$0.00	($24.73)	($5.23)	($0.43)	($1.30)	($1.63)
Total Capital	0.00	1,643	1,643	1,880	1,989	1,858
Total Debt	0.00	1,842	1,842	1,698	2,156	2,187
Total Long-Term Debt	0.00	1,753	1,753	1,691	2,076	2,095
Net Debt	0.00	1,758	1,758	1,453	1,973	2,018
Capital Expenditures (CapEx)	148	148	129	71	65	64
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	-195	-195	-217	-119	-150
Debt-free Net Working Capital (DFNWC)	0.00	-135	-135	3.86	42	6.31
Net Working Capital (NWC)	0.00	-224	-224	-3.06	-38	-86
Net Nonoperating Expense (NNE)	87	87	127	118	105	115
Net Nonoperating Obligations (NNO)	0.00	1,775	1,775	1,453	1,973	2,018
Total Depreciation and Amortization (D&A)	63	63	76	104	114	104
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	-30.35%	-50.70%	-22.21%	-10.55%	-12.46%
Debt-free Net Working Capital to Revenue	0.00%	-21.01%	-35.10%	0.40%	3.77%	0.52%
Net Working Capital to Revenue	0.00%	-34.84%	-58.20%	-0.31%	-3.38%	-7.12%
Earnings Adjustments	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	$0.00	($1.88)	$0.00	($0.84)
Adjusted Weighted Average Basic Shares Outstanding	0.00	0.00	0.00	61.54M	0.00	195.16M
Adjusted Diluted Earnings per Share	$0.00	$0.00	$0.00	($1.88)	$0.00	($0.84)
Adjusted Weighted Average Diluted Shares Outstanding	0.00	0.00	0.00	61.54M	0.00	195.16M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	($1.88)	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	0.00	61.54M	0.00	388.99M
Normalized Net Operating Profit after Tax (NOPAT)	-25	-25	-92	-76	36	0.11
Normalized NOPAT Margin	-3.86%	-3.86%	-23.87%	-7.84%	3.18%	0.01%
Pre Tax Income Margin	-19.24%	-19.24%	-61.41%	-22.36%	-10.56%	-12.48%
Debt Service Ratios	-	-	-	-	-	-
EBIT to Interest Expense	-0.94	-0.94	-1.99	-2.11	-0.44	-0.86
NOPAT to Interest Expense	-0.64	-0.64	-1.39	-1.48	-0.30	-0.59
EBIT Less CapEx to Interest Expense	-3.25	-3.25	-3.65	-3.11	-1.20	-1.63
NOPAT Less CapEx to Interest Expense	-2.95	-2.95	-3.05	-2.48	-1.06	-1.36
Payout Ratios	-	-	-	-	-	-
Dividend Payout Ratio	-1.44%	-1.44%	-0.20%	-0.54%	-0.30%	-0.89%
Augmented Payout Ratio	-1.44%	-1.44%	-0.20%	-0.54%	-0.30%	-0.89%

This table displays calculated financial ratios and metrics derived from Soho House & Co Inc.'s official financial filings.

Metric	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025
Period end date	4/2/2023	7/2/2023	10/1/2023	12/31/2023	3/31/2024	6/30/2024	9/29/2024	12/29/2024	3/30/2025	6/29/2025	9/28/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	32.92%	18.52%	10.28%	4.90%	2.64%	5.62%	13.63%	5.06%	7.99%	8.87%	11.21%
EBITDA Growth	223.37%	208.92%	94.63%	-87.55%	-92.80%	-67.42%	2,891.41%	-738.85%	2,980.36%	546.49%	-66.59%
EBIT Growth	103.59%	129.72%	61.22%	-197.07%	-1,576.69%	-157.73%	237.51%	-140.75%	243.83%	565.79%	-115.88%
NOPAT Growth	102.03%	129.92%	61.20%	-172.53%	-2,628.79%	-158.02%	107.57%	-148.49%	208.00%	497.73%	-389.61%
Net Income Growth	73.58%	97.26%	46.99%	-616.04%	-161.35%	-1,394.32%	101.48%	-33.09%	117.95%	179.88%	-2,469.08%
EPS Growth	73.33%	97.56%	45.65%	-760.00%	-162.50%	-1,600.00%	100.00%	-30.30%	119.05%	186.67%	0.00%
Operating Cash Flow Growth	-30.42%	-10.62%	-16.51%	169.73%	149.56%	80.58%	-12.77%	46.92%	268.72%	13.90%	69.56%
Free Cash Flow Firm Growth	94.52%	89.34%	81.89%	-505.12%	72.93%	53.81%	108.88%	135.68%	799.82%	424.75%	327.45%
Invested Capital Growth	5.63%	8.42%	11.62%	10.42%	0.49%	2.78%	-0.94%	-6.53%	-8.96%	-8.41%	-4.65%
Revenue Q/Q Growth	280.65%	13.21%	1.55%	-1.97%	-8.93%	15.96%	9.25%	-9.36%	-6.38%	16.59%	12.42%
EBITDA Q/Q Growth	105.78%	69.15%	-105.02%	425.30%	-73.92%	936.32%	329.95%	-174.45%	225.74%	40.84%	-74.46%
EBIT Q/Q Growth	112.55%	1,086.98%	-240.39%	-11.02%	20.18%	55.00%	434.38%	-294.38%	147.69%	71.29%	-110.00%
NOPAT Q/Q Growth	121.21%	1,936.80%	-239.77%	-5.03%	15.42%	54.68%	118.24%	-3,547.69%	136.76%	95.92%	-111.66%
Net Income Q/Q Growth	51.70%	85.72%	-2,017.75%	-29.96%	33.50%	26.25%	102.10%	-11,767.41%	108.97%	221.15%	-170.50%
EPS Q/Q Growth	88.73%	87.50%	-2,400.00%	-32.00%	36.36%	29.17%	100.00%	0.00%	109.30%	225.00%	-176.92%
Operating Cash Flow Q/Q Growth	92.46%	266.31%	-1.73%	-10.34%	-66.18%	400.85%	-52.53%	51.01%	-15.11%	79.72%	-14.84%
Free Cash Flow Firm Q/Q Growth	-52.63%	-29.59%	-64.01%	5.90%	86.46%	-116.67%	131.52%	278.18%	165.49%	4.59%	-59.30%
Invested Capital Q/Q Growth	10.05%	-1.86%	-0.29%	2.54%	0.15%	0.37%	-3.90%	-3.26%	-2.45%	0.98%	0.06%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
EBITDA Margin	10.53%	15.73%	-0.78%	2.58%	0.74%	4.85%	19.10%	-15.69%	21.07%	25.45%	5.78%
Operating Margin	0.38%	6.78%	-9.33%	-10.00%	-9.29%	-3.73%	11.36%	-23.65%	12.34%	18.11%	-1.62%
EBIT Margin	0.64%	6.75%	-9.33%	-10.57%	-9.26%	-3.69%	11.29%	-24.22%	12.34%	18.12%	-1.61%
Profit (Net Income) Margin	-6.28%	-0.79%	-16.51%	-21.88%	-15.98%	-11.20%	0.22%	-27.72%	2.66%	7.32%	-4.59%
Tax Burden Percent	98.94%	243.82%	109.52%	109.43%	92.84%	114.94%	3.83%	89.67%	52.70%	60.33%	60.97%
Interest Burden Percent	-985.21%	-4.81%	161.53%	189.22%	185.82%	264.09%	49.79%	127.66%	40.85%	66.90%	466.73%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	96.17%	0.00%	47.30%	39.67%	0.00%
Return on Invested Capital (ROIC)	0.09%	1.87%	-2.72%	-4.58%	-4.08%	-1.45%	0.26%	-11.41%	4.61%	7.86%	-0.86%
ROIC Less NNEP Spread (ROIC-NNEP)	-0.89%	0.92%	-4.45%	-7.08%	-5.38%	-2.81%	0.22%	-13.10%	4.06%	7.27%	-1.49%
Return on Net Nonoperating Assets (RNNOA)	-28.95%	95.85%	269.74%	-1,612.17%	94.14%	39.89%	-2.41%	105.27%	-30.92%	-51.51%	9.65%
Return on Equity (ROE)	-28.85%	97.72%	267.02%	-1,616.75%	90.07%	38.44%	-2.15%	93.87%	-26.31%	-43.64%	8.79%
Cash Return on Invested Capital (CROIC)	-11.06%	-10.33%	-11.46%	-11.35%	-2.85%	-10.73%	-4.62%	3.95%	8.95%	11.27%	5.49%
Operating Return on Assets (OROA)	0.16%	1.81%	-2.66%	-4.84%	-4.18%	-1.44%	4.58%	-11.73%	6.04%	8.82%	-0.79%
Return on Assets (ROA)	-1.56%	-0.21%	-4.70%	-10.03%	-7.21%	-4.37%	0.09%	-13.43%	1.30%	3.56%	-2.25%
Return on Common Equity (ROCE)	-24.89%	59.67%	326.43%	-133.41%	95.91%	40.27%	-2.23%	96.39%	-26.83%	-44.27%	8.89%
Return on Equity Simple (ROE_SIMPLE)	563.98%	269.81%	119.90%	0.00%	80.59%	121.73%	83.33%	0.00%	33.58%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	0.67	14	-19	-20	-17	-7.96	1.45	-50	18	36	-4.20
NOPAT Margin	0.26%	4.75%	-6.53%	-7.00%	-6.50%	-2.61%	0.44%	-16.56%	6.50%	10.93%	-1.13%
Net Nonoperating Expense Percent (NNEP)	0.98%	0.95%	1.72%	2.50%	1.30%	1.36%	0.04%	1.69%	0.55%	0.59%	0.64%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-0.98%	-1.01%	-0.86%	-	0.08%	-2.69%	1.01%	1.94%	-0.23%
Cost of Revenue to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	34.07%	35.81%	36.79%	241.50%	33.14%	35.11%	37.90%	35.55%	33.38%	34.59%	38.65%
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	99.62%	93.22%	109.33%	110.00%	109.29%	103.73%	88.64%	123.65%	87.66%	81.89%	101.62%
Earnings before Interest and Taxes (EBIT)	1.64	20	-27	-30	-24	-11	38	-73	35	60	-5.98
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	27	45	-2.28	7.42	1.94	15	64	-47	60	84	21
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	4.10	3.17	3.91	2.47	1.96	2.09	2.03	2.45	1.98	2.28	2.68
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
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%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	2.44	2.23	2.59	2.63	2.33	2.28	2.36	2.94	2.68	2.93	3.28
Enterprise Value to Revenue (EV/Rev)	7.05	5.89	6.56	4.23	3.73	4.15	3.98	4.13	3.60	3.89	4.24
Enterprise Value to EBITDA (EV/EBITDA)	0.00	91.90	54.99	61.43	80.36	0.00	0.00	152.86	48.89	30.23	46.15
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	81.24	334.63
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	112.52	434.81
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	101.26	64.28	80.43	49.16	55.41	41.47	43.76	43.50
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	72.02	28.53	24.84	58.37
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	-60.91	-43.99	-26.81	-12.90	-11.65	-9.78	-7.93	-6.64	-6.38	-6.36	-6.31
Long-Term Debt to Equity	-58.81	-43.40	-26.46	-12.42	-11.19	-9.39	-7.80	-6.36	-6.29	-6.27	-6.22
Financial Leverage	32.60	104.34	-60.64	227.85	-17.51	-14.19	-11.00	-8.04	-7.61	-7.08	-6.46
Leverage Ratio	48.06	154.81	-87.37	326.44	-22.97	-18.80	-14.56	-10.01	-9.57	-8.99	-8.43
Compound Leverage Factor	-473.54	-7.45	-141.14	617.69	-42.69	-49.64	-7.25	-12.78	-3.91	-6.02	-39.37
Debt to Total Capital	101.67%	102.33%	103.88%	108.40%	109.39%	111.39%	114.44%	117.74%	118.59%	118.64%	118.83%
Short-Term Debt to Total Capital	3.50%	1.37%	1.33%	4.04%	4.31%	4.44%	1.89%	4.96%	1.63%	1.82%	1.72%
Long-Term Debt to Total Capital	98.17%	100.96%	102.55%	104.36%	105.07%	106.96%	112.55%	112.78%	116.96%	116.83%	117.11%
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	0.33%	0.36%	0.40%	0.39%	0.38%	0.29%	0.23%	0.30%	0.15%	0.13%	0.15%
Common Equity to Total Capital	-2.00%	-2.69%	-4.27%	-8.79%	-9.77%	-11.69%	-14.66%	-18.04%	-18.75%	-18.77%	-18.97%
Debt to EBITDA	-45.56	46.99	24.38	27.83	41.13	-22.32	-94.78	67.28	23.86	13.68	18.60
Net Debt to EBITDA	-41.39	42.26	22.11	25.47	37.97	-20.64	-87.79	62.06	22.00	12.47	17.00
Long-Term Debt to EBITDA	-44.00	46.36	24.07	26.80	39.51	-21.43	-93.22	64.45	23.53	13.47	18.33
Debt to NOPAT	-20.65	-52.76	-254.61	-86.53	-50.70	-15.43	-22.38	-44.61	-284.03	50.91	175.22
Net Debt to NOPAT	-18.75	-47.45	-230.90	-79.20	-46.79	-14.26	-20.73	-41.15	-261.95	46.41	160.14
Long-Term Debt to NOPAT	-19.94	-52.05	-251.36	-83.31	-48.70	-14.81	-22.01	-42.73	-280.12	50.13	172.69
Altman Z-Score	0.14	0.08	0.14	0.24	0.11	0.01	0.06	0.11	0.15	0.26	0.29
Noncontrolling Interest Sharing Ratio	13.73%	38.94%	-22.25%	91.75%	-6.49%	-4.78%	-3.44%	-2.69%	-1.98%	-1.44%	-1.13%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.94	0.98	0.95	0.91	0.90	0.87	0.81	0.82	0.83	0.73	0.72
Quick Ratio	0.50	0.43	0.54	0.51	0.45	0.44	0.42	0.49	0.48	0.40	0.37
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-95	-123	-203	-191	-26	-57	18	68	181	189	77
Operating Cash Flow to CapEx	-113.20%	99.28%	125.12%	112.19%	31.41%	145.36%	197.16%	321.84%	149.20%	143.45%	111.02%
Free Cash Flow to Firm to Interest Expense	-5.10	-5.61	-10.77	-7.74	-1.22	-2.85	0.87	3.14	8.45	8.71	3.41
Operating Cash Flow to Interest Expense	-0.67	0.94	1.09	0.74	0.29	1.88	0.86	1.24	1.07	1.89	1.55
Operating Cash Flow Less CapEx to Interest Expense	-1.26	-0.01	0.22	0.08	-0.64	0.59	0.42	0.85	0.35	0.57	0.15
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.25	0.27	0.28	0.46	0.45	0.39	0.41	0.48	0.49	0.49	0.49
Accounts Receivable Turnover	17.60	14.82	14.37	29.06	21.90	17.89	15.12	17.58	17.32	19.74	18.30
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.94	1.03	1.10	1.72	1.79	1.56	1.64	1.97	2.00	1.97	1.90
Accounts Payable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Sales Outstanding (DSO)	20.74	24.63	25.39	12.56	16.67	20.40	24.15	20.77	21.07	18.49	19.94
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash Conversion Cycle (CCC)	20.74	24.63	25.39	12.56	16.67	20.40	24.15	20.77	21.07	18.49	19.94
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,800	1,767	1,761	1,806	1,809	1,816	1,745	1,688	1,647	1,663	1,664
Invested Capital Turnover	0.36	0.39	0.42	0.65	0.63	0.56	0.59	0.69	0.71	0.72	0.76
Increase / (Decrease) in Invested Capital	96	137	183	170	8.77	49	-17	-118	-162	-153	-81
Enterprise Value (EV)	4,397	3,941	4,569	4,758	4,221	4,133	4,125	4,969	4,409	4,871	5,465
Market Capitalization	2,558	2,121	2,724	2,777	2,219	2,086	2,101	2,946	2,422	2,859	3,449
Book Value per Share	($0.10)	($0.14)	($0.21)	($0.45)	($0.49)	($0.59)	($0.72)	($0.86)	($0.88)	($0.90)	($0.90)
Tangible Book Value per Share	($0.94)	($0.99)	($1.04)	($1.30)	($1.34)	($1.41)	($1.57)	($1.63)	($1.66)	($1.72)	($1.71)
Total Capital	1,985	1,969	1,950	1,989	1,975	1,982	1,906	1,858	1,814	1,858	1,853
Total Debt	2,018	2,015	2,026	2,156	2,161	2,208	2,181	2,187	2,151	2,204	2,202
Total Long-Term Debt	1,949	1,988	2,000	2,076	2,075	2,120	2,145	2,095	2,122	2,170	2,170
Net Debt	1,833	1,812	1,837	1,973	1,994	2,041	2,020	2,018	1,984	2,009	2,013
Capital Expenditures (CapEx)	11	21	16	16	20	26	9.03	8.35	15	29	31
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-116	-161	-160	-119	-102	-127	-206	-150	-207	-270	-276
Debt-free Net Working Capital (DFNWC)	46	17	3.40	42	42	27	-60	6.31	-53	-115	-128
Net Working Capital (NWC)	-23	-10	-22	-38	-43	-61	-96	-86	-82	-149	-159
Net Nonoperating Expense (NNE)	17	16	29	43	25	26	0.73	34	11	12	13
Net Nonoperating Obligations (NNO)	1,833	1,812	1,837	1,973	1,994	2,041	2,020	2,018	1,984	2,009	2,013
Total Depreciation and Amortization (D&A)	25	26	25	38	26	26	26	26	25	24	27
Debt-free, Cash-free Net Working Capital to Revenue	-18.55%	-24.04%	-22.93%	-10.55%	-9.04%	-12.77%	-19.92%	-12.46%	-16.93%	-21.60%	-21.40%
Debt-free Net Working Capital to Revenue	7.45%	2.48%	0.49%	3.77%	3.73%	2.73%	-5.77%	0.52%	-4.30%	-9.18%	-9.90%
Net Working Capital to Revenue	-3.67%	-1.54%	-3.23%	-3.38%	-3.79%	-6.10%	-9.24%	-7.12%	-6.72%	-11.87%	-12.37%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.08)	($0.01)	($0.22)	($0.33)	($0.24)	($0.17)	$0.00	($0.43)	$0.04	$0.13	($0.10)
Adjusted Weighted Average Basic Shares Outstanding	195.42M	195.66K	196.15M	195.59M	195.71M	196.26M	194.52K	195.16M	194.46M	194.60M	195.24M
Adjusted Diluted Earnings per Share	($0.08)	($0.01)	($0.22)	($0.33)	($0.24)	($0.17)	$0.00	($0.43)	$0.04	$0.13	($0.10)
Adjusted Weighted Average Diluted Shares Outstanding	195.42M	195.66K	196.15M	195.59M	195.71M	196.26M	195.49K	195.16M	196.67M	196.40M	195.24M
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	391.37M	393.13M	390.03M	391.35M	392.85M	389.77M	388.12M	388.99M	389.04M	390.21M	391.14M
Normalized Net Operating Profit after Tax (NOPAT)	8.26	21	-12	-14	-7.38	-1.48	41	-48	22	39	0.69
Normalized NOPAT Margin	3.24%	7.14%	-4.20%	-4.95%	-2.82%	-0.49%	12.18%	-15.97%	7.71%	11.90%	0.19%
Pre Tax Income Margin	-6.34%	-0.32%	-15.07%	-20.00%	-17.21%	-9.74%	5.62%	-30.92%	5.04%	12.13%	-7.53%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.09	0.89	-1.46	-1.24	-1.14	-0.56	1.82	-3.37	1.63	2.76	-0.27
NOPAT to Interest Expense	0.04	0.62	-1.02	-0.82	-0.80	-0.40	0.07	-2.31	0.86	1.66	-0.19
EBIT Less CapEx to Interest Expense	-0.50	-0.06	-2.32	-1.90	-2.07	-1.85	1.39	-3.76	0.92	1.44	-1.66
NOPAT Less CapEx to Interest Expense	-0.55	-0.33	-1.89	-1.48	-1.73	-1.69	-0.37	-2.69	0.14	0.34	-1.58
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	-0.49%	-0.51%	-0.32%	-0.30%	0.00%	-0.81%	-1.59%	-0.89%	-3.34%	-3.94%	-1.78%
Augmented Payout Ratio	-0.49%	-0.51%	-0.32%	-0.30%	0.00%	-0.81%	-1.59%	-0.89%	-3.34%	-3.94%	-1.78%

Financials Breakdown Chart

Key Financial Trends

The data you provided appear to be for Soho House & Co Inc (SHCO), not Membership Collective Group (MCG). Below is a concise, investor-focused summary of the last several quarterly statements across the four most recent years, highlighting notable trends and potential implications for investors.

Consistent positive operating cash flow in 2025: In Q3 2025, net cash from continuing operating activities was $34.9 million. Similar positive cash from operations is evident in Q2 2025 ($41.0 million) and Q1 2025 ($22.8 million), suggesting improving cash generation from core activities.
Revenue growth in Q3 2025 vs. Q3 2024: Operating revenue rose to $370.75 million in Q3 2025 from $333.37 million in Q3 2024, signaling topline momentum into 2025.
Improved liquidity position in 2025: Cash & equivalents stood at about $142.5 million in Q3 2025, up from earlier periods, indicating better near-term liquidity.
Balance sheet growth in 2025: Total assets increased to roughly $2.684 billion in Q3 2025, up from about $2.528 billion in Q3 2024, showing expanding asset base.
Non-cash adjustments support cash flow in Q3 2025: Non-cash adjustments to reconcile net income were $26.23 million, contributing to stronger reported operating cash flow.
Cost of revenue reporting appears unusually low in Q3 2025: Total Cost of Revenue is shown as $0 in Q3 2025, resulting in a reported gross profit equal to revenue. This may reflect accounting/reporting nuances rather than a true margin signal.
Leverage and liabilities remain substantial: Long-term debt (~$841.9 million) and capital lease obligations (~$1.328 billion) drive a large liabilities base, which raises balance-sheet risk even as assets rise.
Investing cash flows are sizable and variable: Net cash used in investing activities fluctuates by quarter (e.g., Q3 2025 around -$38.8 million), reflecting ongoing capital expenditures and investments.
Net losses persist: Net income attributable to common shareholders was negative in Q3 2025 (about -$18.7 million), consistent with ongoing profitability challenges.
Negative equity signal on the balance sheet: Total equity and related measures show negative equity (e.g., Total Common Equity around -$351.6 million), indicating a stressed capital structure despite rising assets.

05/12/26 11:10 AM ETAI Generated. May Contain Errors.

Soho House & Co Inc. Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Soho House & Co Inc.'s financial year ends in December. Their financial year 2024 ended on December 29, 2024.

Soho House & Co Inc.'s net income appears to be on a downward trend, with a most recent value of -$163.57 million in 2024, rising from -$128 million in 2019. The previous period was -$129.68 million in 2023. See Soho House & Co Inc.'s forecast for analyst expectations on what's next for the company.

Soho House & Co Inc.'s total operating income in 2024 was -$70.04 million, based on the following breakdown:

Total Gross Profit: $1.20 billion
Total Operating Expenses: $1.27 billion

Over the last 5 years, Soho House & Co Inc.'s total revenue changed from $642.04 million in 2019 to $1.20 billion in 2024, a change of 87.5%.

Soho House & Co Inc.'s total liabilities were at $2.77 billion at the end of 2024, a 2.9% increase from 2023, and a 20.4% increase since 2020.

In the past 4 years, Soho House & Co Inc.'s cash and equivalents has ranged from $52.89 million in 2020 to $212.83 million in 2021, and is currently $152.72 million as of their latest financial filing in 2024.

Over the last 5 years, Soho House & Co Inc.'s book value per share changed from 0.00 in 2019 to -0.86 in 2024, a change of -86.3%.

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Financial statements for NYSE:SHCO last updated on 11/13/2025 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Soho House & Co Inc. (SHCO) Financials

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Soho House & Co Inc. (SHCO) Financials

Annual Income Statements for Soho House & Co Inc.

Quarterly Income Statements for Soho House & Co Inc.

Annual Cash Flow Statements for Soho House & Co Inc.

Quarterly Cash Flow Statements for Soho House & Co Inc.

Annual Balance Sheets for Soho House & Co Inc.

Quarterly Balance Sheets for Soho House & Co Inc.

Annual Metrics And Ratios for Soho House & Co Inc.

Quarterly Metrics And Ratios for Soho House & Co Inc.

Financials Breakdown Chart

Key Financial Trends

Soho House & Co Inc. Financials - Frequently Asked Questions

When does Soho House & Co Inc.'s fiscal year end?

How has Soho House & Co Inc.'s net income changed over the last 5 years?

What is Soho House & Co Inc.'s operating income?

How has Soho House & Co Inc.'s revenue changed over the last 5 years?

How much debt does Soho House & Co Inc. have?

How much cash does Soho House & Co Inc. have?

How has Soho House & Co Inc.'s book value per share changed over the last 5 years?

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