Holley (HLLY) financial statements
Holley reported revenue of $614M in fiscal 2025, up 8.9% a year over 6 years.
Net income was $19M and the operating margin 13.4%, against 12.5% in 2019.
Free cash flow was $34M.
The diluted share count rose 77% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Holley's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Revenue | $369M | $504M | $693M | $688M | $660M | $602M | $614M |
| Cost of revenue | $220M | $296M | $406M | $435M | $404M | $364M | $347M |
| Gross profit | $149M | $208M | $287M | $254M | $256M | $239M | $266M |
| Research and development | $21M | $23M | $28M | $29M | $24M | $19M | $19M |
| Selling, general and admin | $62M | $71M | $117M | $151M | $120M | $132M | $146M |
| Operating income | $46M | $85M | $78M | $51M | $94M | $15M | $82M |
| Interest expense | $50M | $44M | $39M | $40M | $61M | $51M | $52M |
| Pre-tax income | -$4M | $42M | -$17M | $78M | $28M | -$26M | $29M |
| Income tax | -$5M | $9M | $10M | $4M | $8M | -$3M | $9M |
| Net income | $561,000 | $33M | -$27M | $74M | $19M | -$23M | $19M |
| EPS (diluted) | $0.01 | $0.49 | -$0.30 | $0.14 | $0.16 | -$0.20 | $0.16 |
| Diluted shares | 68M | 68M | 90M | 117M | 119M | 118M | 120M |
| Gross margin | 40.4% | 41.3% | 41.4% | 36.8% | 38.8% | 39.6% | 43.4% |
| Operating margin | 12.5% | 16.9% | 11.2% | 7.4% | 14.3% | 2.4% | 13.4% |
| Net margin | 0.2% | 6.5% | -3.9% | 10.7% | 2.9% | -3.9% | 3.1% |
Balance sheet
Fiscal years, from Holley's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $8M | $72M | $36M | $26M | $41M | $56M | $37M |
| Inventory | — | $134M | $185M | $234M | $192M | $193M | $206M |
| Total current assets | — | $258M | $292M | $325M | $297M | $297M | $316M |
| Property, plant and equipment | — | $44M | $51M | $52M | $47M | $41M | $45M |
| Goodwill | $298M | $359M | $411M | $418M | $419M | $372M | $372M |
| Total assets | — | $1.1B | $1.2B | $1.2B | $1.2B | $1.1B | $1.2B |
| Total current liabilities | — | $82M | $92M | $101M | $94M | $95M | $115M |
| Long-term debt | — | $649M | $638M | $644M | $577M | $545M | $516M |
| Total liabilities | — | $825M | $889M | $834M | $762M | $712M | $715M |
| Shareholders' equity | $205M | $240M | $304M | $416M | $441M | $421M | $449M |
| Net debt | -$8M | $583M | $609M | $624M | $543M | $496M | $485M |
Cash flow
Fiscal years, from Holley's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Operating cash flow | $9M | $88M | $22M | $12M | $88M | $47M | $46M |
| Capital spending | $7M | $9M | $15M | $14M | $6M | $7M | $12M |
| Free cash flow | $2M | $79M | $6M | -$1M | $82M | $40M | $34M |
| Stock-based compensation | $437,000 | $487,000 | $5M | — | — | — | — |
| Net borrowing | $0 | $205M | $655M | $37M | $0 | $0 | — |
| Free cash flow margin | 0.5% | 15.7% | 0.9% | -0.2% | 12.5% | 6.7% | 5.5% |
Every line, every quarterThe deep dive has fifteen-plus years of statements, quarterly results, charts and valuation models for HLLY.
Open HLLY in InvestinglyQuestions
What was Holley's revenue in 2025?
$614M in fiscal 2025, from its 10-K filing.
How much free cash flow does Holley generate?
$34M in fiscal 2025 (operating cash flow minus capital spending).
From Holley's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.