NYSE : ELF
e.l.f. Beauty, Inc. — Financial statements
Consumer Staples · Household & Personal Products · United States
Last price 112.95 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 6.66B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
e.l.f. Beauty, Inc. (ELF) reported revenue of 1.76B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year April - March; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Revenue | 1.76B | 1.64B | 1.31B | 1.02B | 578.84M | 392.15M |
| Cost of Revenue | 500.56M | 479.12M | 377.83M | 299.84M | 188.45M | 140.42M |
| Gross Profit | 1.26B | 1.16B | 935.69M | 724.10M | 390.40M | 251.73M |
| Selling, General & Admin | 1.11B | 1.02B | 777.26M | 574.21M | 321.83M | 221.48M |
| Operating Expenses | 1.11B | 1.02B | 777.26M | 574.42M | 322.25M | 221.91M |
| Operating Income | 155.29M | 138.98M | 158.43M | 149.68M | 68.14M | 29.82M |
| Interest Expense | -47.39M | -42.21M | -17.18M | -11.84M | -3.99M | -2.44M |
| Interest & Investment Income | 6.93M | 6.93M | 3.37M | 4.82M | 1.97M | 3.00K |
| Currency Exchange Gain (Loss) | -2.58M | 2.79M | 1.29M | 1.21M | -1.88M | -1.44M |
| EBT Excluding Unusual Items | 112.25M | 106.48M | 145.91M | 143.87M | 64.25M | 25.94M |
| Merger & Restructuring Charges | -4.30M | -7.70M | -400.00K | -50.00K | ||
| Gain (Loss) on Sale of Investments | -2.88M | |||||
| Other Unusual Items | -24.30M | -58.32M | -13.00K | -176.00K | -460.00K | |
| Pretax Income | 83.65M | 40.46M | 145.50M | 140.99M | 64.07M | 25.43M |
| Income Tax Expense | 24.04M | 14.14M | 33.41M | 13.33M | 2.54M | 3.66M |
| Net Income | 59.61M | 26.32M | 112.09M | 127.66M | 61.53M | 21.77M |
| Net Income to Common | 59.61M | 26.32M | 112.09M | 127.66M | 61.53M | 21.77M |
| Shares Outstanding (Basic) | 58.97M | 58.26M | 56.21M | 54.75M | 52.47M | 50.94M |
| Shares Outstanding (Diluted) | 59.86M | 59.35M | 58.35M | 57.79M | 55.34M | 53.65M |
| EPS (Basic) | 1.01 | 0.45 | 1.99 | 2.33 | 1.17 | 0.43 |
| EPS (Diluted) | 0.99 | 0.44 | 1.92 | 2.21 | 1.11 | 0.41 |
| Free Cash Flow | 280.16M | 190.06M | 115.32M | 62.49M | 100.16M | 14.70M |
| Free Cash Flow Per Share | 4.68 | 3.20 | 1.98 | 1.08 | 1.81 | 0.27 |
| Gross Margin | 71.59% | 70.72% | 71.23% | 70.72% | 67.44% | 64.19% |
| Operating Margin | 8.81% | 8.49% | 12.06% | 14.62% | 11.77% | 7.60% |
| Profit Margin | 3.38% | 1.61% | 8.53% | 12.47% | 10.63% | 5.55% |
| Free Cash Flow Margin | 15.90% | 11.61% | 8.78% | 6.10% | 17.30% | 3.75% |
| EBITDA | 209.46M | 183.34M | 180.24M | 168.44M | 80.54M | 51.00M |
| EBITDA Margin | 11.89% | 11.20% | 13.72% | 16.45% | 13.91% | 13.01% |
| D&A For EBITDA | 54.17M | 44.36M | 21.82M | 18.77M | 12.40M | 21.18M |
| EBIT | 155.29M | 138.98M | 158.43M | 149.68M | 68.14M | 29.82M |
| EBIT Margin | 8.81% | 8.49% | 12.06% | 14.62% | 11.77% | 7.60% |
| Effective Tax Rate | 28.74% | 34.95% | 22.96% | 9.45% | 3.97% | 14.40% |
| Advertising Expenses | 361.30M | 281.50M | 209.20M | 96.70M | 41.00M |
Balance sheet
Fiscal year April - March; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 344.24M | 289.69M | 148.69M | 108.18M | 120.78M | 43.35M |
| Cash & Short-Term Investments | 344.24M | 289.69M | 148.69M | 108.18M | 120.78M | 43.35M |
| Receivables | 174.53M | 174.64M | 126.01M | 123.80M | 67.93M | 45.57M |
| Inventory | 246.81M | 220.25M | 187.17M | 191.49M | 81.32M | 84.50M |
| Prepaid Expenses | 29.76M | 41.99M | 27.79M | 53.61M | 33.30M | 19.61M |
| Other Current Assets | 64.50M | 62.80M | 50.90M | |||
| Total Current Assets | 859.84M | 789.37M | 540.56M | 477.08M | 303.32M | 193.03M |
| Property, Plant & Equipment | 118.90M | 103.20M | 82.94M | 41.39M | 22.19M | 29.46M |
| Long-Term Investments | 2.88M | |||||
| Goodwill | 853.48M | 853.48M | 340.58M | 340.60M | 171.62M | 171.62M |
| Other Intangible Assets | 541.98M | 628.71M | 277.00M | 266.19M | 93.74M | 96.26M |
| Other Long-Term Assets | 86.46M | 19.41M | 7.09M | 3.99M | 4.72M | 1.39M |
| Total Assets | 2.46B | 2.39B | 1.25B | 1.13B | 595.60M | 494.63M |
| Accounts Payable | 95.92M | 97.47M | 72.18M | 81.08M | 31.43M | 19.23M |
| Accrued Expenses | 133.80M | 163.44M | 84.02M | 100.97M | 60.91M | 31.47M |
| Current Portion of Long-Term Debt | 30.00M | 30.00M | 100.25M | 5.00M | 5.00M | |
| Current Portion of Leases | 7.64M | 7.62M | 7.62M | 7.07M | 5.08M | 5.18M |
| Current Income Taxes Payable | 38.37M | 8.96M | 11.01M | 5.81M | 2.85M | 2.13M |
| Other Current Liabilities | 31.93M | 28.67M | 2.23M | 3.94M | 2.70M | 2.02M |
| Total Current Liabilities | 337.66M | 336.16M | 177.06M | 299.12M | 107.98M | 65.02M |
| Long-Term Debt | 802.00M | 809.35M | 256.68M | 161.82M | 60.82M | 90.45M |
| Long-Term Leases | 89.66M | 69.93M | 48.72M | 21.46M | 11.26M | 16.38M |
| Long-Term Deferred Tax Liabilities | 6.21M | 6.20M | 3.81M | 3.67M | 3.74M | 9.59M |
| Other Long-Term Liabilities | 56.24M | 41.99M | 1.05M | 616.00K | 784.00K | 769.00K |
| Total Liabilities | 1.29B | 1.26B | 487.32M | 486.68M | 184.58M | 182.20M |
| Common Stock | 589.00K | 590.00K | 556.00K | 555.00K | 535.00K | 515.00K |
| Additional Paid-In Capital | 1.26B | 1.28B | 942.02M | 936.40M | 832.48M | 795.44M |
| Retained Earnings | -89.33M | -155.93M | -182.25M | -294.34M | -422.00M | -483.53M |
| Comprehensive Income & Other | 925.00K | 882.00K | 521.00K | -50.00K | ||
| Shareholders' Equity | 1.17B | 1.13B | 760.86M | 642.57M | 411.02M | 312.43M |
| Total Liabilities & Equity | 2.46B | 2.39B | 1.25B | 1.13B | 595.60M | 494.63M |
| Total Debt | 929.30M | 916.90M | 313.02M | 290.60M | 82.17M | 117.00M |
| Net Cash (Debt) | -585.06M | -627.22M | -164.33M | -182.42M | 38.61M | -73.65M |
| Net Cash Per Share | -9.77 | -10.57 | -2.82 | -3.16 | 0.70 | -1.37 |
| Filing Date Shares Outstanding | 59.01M | 59.44M | 56.33M | 55.94M | 53.87M | 52.27M |
| Total Common Shares Outstanding | 58.94M | 59.09M | 55.73M | 55.58M | 53.77M | 52.24M |
| Working Capital | 522.18M | 453.20M | 363.50M | 177.96M | 195.35M | 128.01M |
| Book Value Per Share | 19.83 | 19.13 | 13.65 | 11.56 | 7.64 | 5.98 |
| Tangible Book Value | -226.56M | -351.65M | 143.28M | 35.78M | 145.66M | 44.55M |
| Tangible Book Value Per Share | -3.84 | -5.95 | 2.57 | 0.64 | 2.71 | 0.85 |
| Machinery | 31.52M | 33.82M | 31.92M | 27.19M | 30.41M | |
| Leasehold Improvements | 33.38M | 22.46M | 6.98M | 4.68M | 4.67M |
Cash flow statement
Fiscal year April - March; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Net Income | 59.61M | 26.32M | 112.09M | 127.66M | 61.53M | 21.77M |
| Depreciation & Amortization | 54.17M | 44.36M | 21.82M | 18.77M | 12.40M | 21.18M |
| Other Amortization | 39.87M | 36.43M | 22.84M | 11.83M | 5.55M | 6.29M |
| Asset Writedown & Restructuring Costs | 50.00K | |||||
| Loss (Gain) From Sale of Investments | 2.88M | |||||
| Stock-Based Compensation | 96.73M | 86.92M | 71.79M | 40.62M | 29.12M | 19.65M |
| Other Operating Activities | 23.91M | 20.82M | 10.34M | -6.85M | -1.48M | -2.75M |
| Change in Accounts Receivable | 28.86M | -17.50M | -2.74M | -49.60M | -22.43M | -5.60M |
| Change in Inventory | -37.88M | 7.33M | 4.87M | -93.93M | 3.17M | -27.66M |
| Change in Accounts Payable | 74.40M | 75.29M | -23.40M | 81.22M | 42.99M | 1.50M |
| Change in Other Net Operating Assets | -42.73M | -67.45M | -83.77M | -61.44M | -28.96M | -14.93M |
| Operating Cash Flow | 296.94M | 212.51M | 133.84M | 71.15M | 101.88M | 19.51M |
| Capital Expenditures | -16.79M | -22.45M | -18.52M | -8.66M | -1.72M | -4.82M |
| Cash Acquisitions | -581.68M | -581.68M | -274.97M | |||
| Investment in Securities | -1.12M | -1.12M | -577.00K | -1.03M | ||
| Investing Cash Flow | -599.36M | -605.25M | -19.10M | -284.66M | -1.72M | -4.82M |
| Long-Term Debt Issued | 650.00M | 256.68M | 204.50M | 52.06M | ||
| Total Debt Issued | 650.00M | 650.00M | 256.68M | 204.50M | 52.06M | |
| Long-Term Debt Repaid | -65.00M | -262.88M | -7.88M | -30.00M | -81.00M | |
| Total Debt Repaid | -72.50M | -65.00M | -262.88M | -7.88M | -30.00M | -81.00M |
| Net Debt Issued (Repaid) | 577.50M | 585.00M | -6.20M | 196.62M | -30.00M | -28.94M |
| Issuance of Common Stock | 7.70M | 5.80M | 953.00K | 5.56M | 8.05M | 1.68M |
| Repurchase of Common Stock | -99.97M | -49.99M | -67.06M | |||
| Other Financing Activities | -6.89M | -6.89M | -2.14M | -1.24M | -788.00K | -1.84M |
| Financing Cash Flow | 478.34M | 533.92M | -74.45M | 200.94M | -22.73M | -29.11M |
| Foreign Exchange Rate Adjustments | -1.71M | -189.00K | 215.00K | -34.00K | ||
| Net Cash Flow | 174.21M | 140.99M | 40.51M | -12.60M | 77.42M | -14.41M |
| Free Cash Flow | 280.16M | 190.06M | 115.32M | 62.49M | 100.16M | 14.70M |
| Free Cash Flow Margin | 15.90% | 11.61% | 8.78% | 6.10% | 17.30% | 3.75% |
| Free Cash Flow Per Share | 4.68 | 3.20 | 1.98 | 1.08 | 1.81 | 0.27 |
| Levered Free Cash Flow | 281.40M | 227.07M | 140.95M | 56.27M | 95.61M | 24.20M |
| Unlevered Free Cash Flow | 309.24M | 252.02M | 151.14M | 63.24M | 97.76M | 25.33M |
| Cash Interest Paid | 37.40M | 37.40M | 15.66M | 11.27M | 3.58M | 1.82M |
| Cash Income Tax Paid | 21.36M | 21.36M | 25.33M | 12.40M | 13.37M | 7.57M |
| Change in Working Capital | 22.66M | -2.34M | -105.03M | -123.75M | -5.23M | -46.69M |
Ratios
Fiscal year April - March; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 6.59B | 3.58B | 3.54B | 10.88B | 4.39B | 1.35B |
| Enterprise Value | 7.18B | 4.31B | 3.78B | 11.10B | 4.39B | 1.43B |
| Last Close Price | 111.69 | 60.61 | 62.79 | 196.03 | 82.35 | 25.83 |
| PE Ratio | 112.26 | 136.00 | 31.59 | 85.23 | 71.33 | 61.84 |
| Forward PE | 35.84 | 18.43 | 18.30 | 58.04 | 54.35 | 34.46 |
| PS Ratio | 3.74 | 2.19 | 2.70 | 10.63 | 7.58 | 3.43 |
| PB Ratio | 5.63 | 3.17 | 4.65 | 16.93 | 10.68 | 4.31 |
| P/TBV Ratio | 24.72 | 304.13 | 30.13 | 30.22 | ||
| P/FCF Ratio | 23.52 | 18.83 | 30.71 | 174.11 | 43.82 | 91.61 |
| P/OCF Ratio | 22.19 | 16.84 | 26.46 | 152.92 | 43.08 | 68.99 |
| PEG Ratio | 2.53 | 2.91 | 4.01 | 1.62 | 1.70 | 4.62 |
| EV/Sales Ratio | 4.07 | 2.63 | 2.88 | 10.84 | 7.58 | 3.65 |
| EV/EBITDA Ratio | 34.26 | 23.50 | 20.96 | 65.91 | 54.47 | 28.09 |
| EV/EBIT Ratio | 46.21 | 31.00 | 23.84 | 74.17 | 64.37 | 48.04 |
| EV/FCF Ratio | 25.61 | 22.67 | 32.76 | 177.64 | 43.80 | 97.48 |
| Debt / Equity Ratio | 0.80 | 0.81 | 0.41 | 0.45 | 0.20 | 0.37 |
| Debt / EBITDA Ratio | 4.10 | 4.60 | 1.62 | 1.65 | 0.96 | 2.10 |
| Debt / FCF Ratio | 3.32 | 4.82 | 2.71 | 4.65 | 0.82 | 7.96 |
| Net Debt / Equity Ratio | 0.50 | 0.56 | 0.22 | 0.28 | -0.09 | 0.24 |
| Net Debt / EBITDA Ratio | 2.79 | 3.42 | 0.91 | 1.08 | -0.48 | 1.44 |
| Net Debt / FCF Ratio | 2.09 | 3.30 | 1.43 | 2.92 | -0.39 | 5.01 |
| Asset Turnover | 0.93 | 0.90 | 1.10 | 1.19 | 1.06 | 0.80 |
| Inventory Turnover | 2.40 | 2.35 | 2.00 | 2.20 | 2.27 | 1.99 |
| Quick Ratio | 1.54 | 1.38 | 1.55 | 0.78 | 1.75 | 1.37 |
| Current Ratio | 2.55 | 2.35 | 3.05 | 1.59 | 2.81 | 2.97 |
| Return on Equity (ROE) | 6.04% | 2.78% | 15.97% | 24.23% | 17.01% | 7.48% |
| Return on Assets (ROA) | 5.14% | 4.77% | 8.33% | 10.85% | 7.81% | 3.80% |
| Return on Invested Capital (ROIC) | 6.30% | 6.74% | 13.95% | 22.64% | 17.26% | 6.82% |
| Return on Capital Employed (ROCE) | 7.30% | 6.80% | 14.80% | 18.00% | 14.00% | 6.90% |
| Earnings Yield | 0.89% | 0.73% | 3.16% | 1.17% | 1.40% | 1.62% |
| FCF Yield | 4.25% | 5.31% | 3.26% | 0.57% | 2.28% | 1.09% |
| Buyback Yield / Dilution | -2.99% | -1.73% | -0.96% | -4.43% | -3.14% | -3.19% |