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

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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.

TTMFY2026FY2025FY2024FY2023FY2022
Revenue1.76B1.64B1.31B1.02B578.84M392.15M
Cost of Revenue500.56M479.12M377.83M299.84M188.45M140.42M
Gross Profit1.26B1.16B935.69M724.10M390.40M251.73M
Selling, General & Admin1.11B1.02B777.26M574.21M321.83M221.48M
Operating Expenses1.11B1.02B777.26M574.42M322.25M221.91M
Operating Income155.29M138.98M158.43M149.68M68.14M29.82M
Interest Expense-47.39M-42.21M-17.18M-11.84M-3.99M-2.44M
Interest & Investment Income6.93M6.93M3.37M4.82M1.97M3.00K
Currency Exchange Gain (Loss)-2.58M2.79M1.29M1.21M-1.88M-1.44M
EBT Excluding Unusual Items112.25M106.48M145.91M143.87M64.25M25.94M
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 Income83.65M40.46M145.50M140.99M64.07M25.43M
Income Tax Expense24.04M14.14M33.41M13.33M2.54M3.66M
Net Income59.61M26.32M112.09M127.66M61.53M21.77M
Net Income to Common59.61M26.32M112.09M127.66M61.53M21.77M
Shares Outstanding (Basic)58.97M58.26M56.21M54.75M52.47M50.94M
Shares Outstanding (Diluted)59.86M59.35M58.35M57.79M55.34M53.65M
EPS (Basic)1.010.451.992.331.170.43
EPS (Diluted)0.990.441.922.211.110.41
Free Cash Flow280.16M190.06M115.32M62.49M100.16M14.70M
Free Cash Flow Per Share4.683.201.981.081.810.27
Gross Margin71.59%70.72%71.23%70.72%67.44%64.19%
Operating Margin8.81%8.49%12.06%14.62%11.77%7.60%
Profit Margin3.38%1.61%8.53%12.47%10.63%5.55%
Free Cash Flow Margin15.90%11.61%8.78%6.10%17.30%3.75%
EBITDA209.46M183.34M180.24M168.44M80.54M51.00M
EBITDA Margin11.89%11.20%13.72%16.45%13.91%13.01%
D&A For EBITDA54.17M44.36M21.82M18.77M12.40M21.18M
EBIT155.29M138.98M158.43M149.68M68.14M29.82M
EBIT Margin8.81%8.49%12.06%14.62%11.77%7.60%
Effective Tax Rate28.74%34.95%22.96%9.45%3.97%14.40%
Advertising Expenses361.30M281.50M209.20M96.70M41.00M

Balance sheet

Fiscal year April - March; amounts in USD.

TTMFY2026FY2025FY2024FY2023FY2022
Cash & Equivalents344.24M289.69M148.69M108.18M120.78M43.35M
Cash & Short-Term Investments344.24M289.69M148.69M108.18M120.78M43.35M
Receivables174.53M174.64M126.01M123.80M67.93M45.57M
Inventory246.81M220.25M187.17M191.49M81.32M84.50M
Prepaid Expenses29.76M41.99M27.79M53.61M33.30M19.61M
Other Current Assets64.50M62.80M50.90M
Total Current Assets859.84M789.37M540.56M477.08M303.32M193.03M
Property, Plant & Equipment118.90M103.20M82.94M41.39M22.19M29.46M
Long-Term Investments2.88M
Goodwill853.48M853.48M340.58M340.60M171.62M171.62M
Other Intangible Assets541.98M628.71M277.00M266.19M93.74M96.26M
Other Long-Term Assets86.46M19.41M7.09M3.99M4.72M1.39M
Total Assets2.46B2.39B1.25B1.13B595.60M494.63M
Accounts Payable95.92M97.47M72.18M81.08M31.43M19.23M
Accrued Expenses133.80M163.44M84.02M100.97M60.91M31.47M
Current Portion of Long-Term Debt30.00M30.00M100.25M5.00M5.00M
Current Portion of Leases7.64M7.62M7.62M7.07M5.08M5.18M
Current Income Taxes Payable38.37M8.96M11.01M5.81M2.85M2.13M
Other Current Liabilities31.93M28.67M2.23M3.94M2.70M2.02M
Total Current Liabilities337.66M336.16M177.06M299.12M107.98M65.02M
Long-Term Debt802.00M809.35M256.68M161.82M60.82M90.45M
Long-Term Leases89.66M69.93M48.72M21.46M11.26M16.38M
Long-Term Deferred Tax Liabilities6.21M6.20M3.81M3.67M3.74M9.59M
Other Long-Term Liabilities56.24M41.99M1.05M616.00K784.00K769.00K
Total Liabilities1.29B1.26B487.32M486.68M184.58M182.20M
Common Stock589.00K590.00K556.00K555.00K535.00K515.00K
Additional Paid-In Capital1.26B1.28B942.02M936.40M832.48M795.44M
Retained Earnings-89.33M-155.93M-182.25M-294.34M-422.00M-483.53M
Comprehensive Income & Other925.00K882.00K521.00K-50.00K
Shareholders' Equity1.17B1.13B760.86M642.57M411.02M312.43M
Total Liabilities & Equity2.46B2.39B1.25B1.13B595.60M494.63M
Total Debt929.30M916.90M313.02M290.60M82.17M117.00M
Net Cash (Debt)-585.06M-627.22M-164.33M-182.42M38.61M-73.65M
Net Cash Per Share-9.77-10.57-2.82-3.160.70-1.37
Filing Date Shares Outstanding59.01M59.44M56.33M55.94M53.87M52.27M
Total Common Shares Outstanding58.94M59.09M55.73M55.58M53.77M52.24M
Working Capital522.18M453.20M363.50M177.96M195.35M128.01M
Book Value Per Share19.8319.1313.6511.567.645.98
Tangible Book Value-226.56M-351.65M143.28M35.78M145.66M44.55M
Tangible Book Value Per Share-3.84-5.952.570.642.710.85
Machinery31.52M33.82M31.92M27.19M30.41M
Leasehold Improvements33.38M22.46M6.98M4.68M4.67M

Cash flow statement

Fiscal year April - March; amounts in USD.

TTMFY2026FY2025FY2024FY2023FY2022
Net Income59.61M26.32M112.09M127.66M61.53M21.77M
Depreciation & Amortization54.17M44.36M21.82M18.77M12.40M21.18M
Other Amortization39.87M36.43M22.84M11.83M5.55M6.29M
Asset Writedown & Restructuring Costs50.00K
Loss (Gain) From Sale of Investments2.88M
Stock-Based Compensation96.73M86.92M71.79M40.62M29.12M19.65M
Other Operating Activities23.91M20.82M10.34M-6.85M-1.48M-2.75M
Change in Accounts Receivable28.86M-17.50M-2.74M-49.60M-22.43M-5.60M
Change in Inventory-37.88M7.33M4.87M-93.93M3.17M-27.66M
Change in Accounts Payable74.40M75.29M-23.40M81.22M42.99M1.50M
Change in Other Net Operating Assets-42.73M-67.45M-83.77M-61.44M-28.96M-14.93M
Operating Cash Flow296.94M212.51M133.84M71.15M101.88M19.51M
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 Issued650.00M256.68M204.50M52.06M
Total Debt Issued650.00M650.00M256.68M204.50M52.06M
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)577.50M585.00M-6.20M196.62M-30.00M-28.94M
Issuance of Common Stock7.70M5.80M953.00K5.56M8.05M1.68M
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 Flow478.34M533.92M-74.45M200.94M-22.73M-29.11M
Foreign Exchange Rate Adjustments-1.71M-189.00K215.00K-34.00K
Net Cash Flow174.21M140.99M40.51M-12.60M77.42M-14.41M
Free Cash Flow280.16M190.06M115.32M62.49M100.16M14.70M
Free Cash Flow Margin15.90%11.61%8.78%6.10%17.30%3.75%
Free Cash Flow Per Share4.683.201.981.081.810.27
Levered Free Cash Flow281.40M227.07M140.95M56.27M95.61M24.20M
Unlevered Free Cash Flow309.24M252.02M151.14M63.24M97.76M25.33M
Cash Interest Paid37.40M37.40M15.66M11.27M3.58M1.82M
Cash Income Tax Paid21.36M21.36M25.33M12.40M13.37M7.57M
Change in Working Capital22.66M-2.34M-105.03M-123.75M-5.23M-46.69M

Ratios

Fiscal year April - March; amounts in USD.

TTMFY2026FY2025FY2024FY2023FY2022
Market Capitalization6.59B3.58B3.54B10.88B4.39B1.35B
Enterprise Value7.18B4.31B3.78B11.10B4.39B1.43B
Last Close Price111.6960.6162.79196.0382.3525.83
PE Ratio112.26136.0031.5985.2371.3361.84
Forward PE35.8418.4318.3058.0454.3534.46
PS Ratio3.742.192.7010.637.583.43
PB Ratio5.633.174.6516.9310.684.31
P/TBV Ratio24.72304.1330.1330.22
P/FCF Ratio23.5218.8330.71174.1143.8291.61
P/OCF Ratio22.1916.8426.46152.9243.0868.99
PEG Ratio2.532.914.011.621.704.62
EV/Sales Ratio4.072.632.8810.847.583.65
EV/EBITDA Ratio34.2623.5020.9665.9154.4728.09
EV/EBIT Ratio46.2131.0023.8474.1764.3748.04
EV/FCF Ratio25.6122.6732.76177.6443.8097.48
Debt / Equity Ratio0.800.810.410.450.200.37
Debt / EBITDA Ratio4.104.601.621.650.962.10
Debt / FCF Ratio3.324.822.714.650.827.96
Net Debt / Equity Ratio0.500.560.220.28-0.090.24
Net Debt / EBITDA Ratio2.793.420.911.08-0.481.44
Net Debt / FCF Ratio2.093.301.432.92-0.395.01
Asset Turnover0.930.901.101.191.060.80
Inventory Turnover2.402.352.002.202.271.99
Quick Ratio1.541.381.550.781.751.37
Current Ratio2.552.353.051.592.812.97
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 Yield0.89%0.73%3.16%1.17%1.40%1.62%
FCF Yield4.25%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%