SharkNinja (SN) financial statements
SharkNinja reported revenue of $6.4B in fiscal 2025, up 14.5% a year over 4 years.
Net income was $701M and the operating margin 14.4%, against 11.8% in 2021.
Free cash flow was $487M.
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from SharkNinja's 10-K filings with the SEC.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $3.7B | $3.7B | $4.3B | $5.5B | $6.4B |
| Cost of revenue | $2.3B | $2.3B | $2.3B | $2.9B | $3.3B |
| Gross profit | $1.4B | $1.4B | $1.9B | $2.7B | $3.1B |
| Research and development | $201M | $216M | $249M | $341M | $368M |
| Selling, general and admin | $799M | $873M | $1.3B | $1.7B | $1.8B |
| Operating income | $438M | $321M | $374M | $644M | $920M |
| Pre-tax income | $414M | $302M | $293M | $572M | $900M |
| Income tax | $83M | $70M | $126M | $134M | $199M |
| Net income | $331M | $232M | $167M | $439M | $701M |
| EPS (diluted) | $2.38 | $1.67 | $1.20 | $3.11 | $4.94 |
| Diluted shares | 139M | 139M | 139M | 141M | 142M |
| Gross margin | 38.6% | 37.9% | 44.9% | 48.1% | 49.0% |
| Operating margin | 11.8% | 8.6% | 8.8% | 11.7% | 14.4% |
| Net margin | 8.9% | 6.3% | 3.9% | 7.9% | 11.0% |
Balance sheet
Fiscal years, from SharkNinja's 10-K filings with the SEC.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash and short-term investments | $225M | $193M | $154M | $364M | $777M |
| Receivables | — | $767M | $985M | $1.3B | $1.7B |
| Inventory | — | $549M | $700M | $900M | $1.0B |
| Total current assets | — | $1.7B | $1.9B | $2.6B | $3.6B |
| Property, plant and equipment | — | $137M | $166M | $211M | $232M |
| Goodwill | — | $840M | $834M | $835M | $835M |
| Total assets | — | $3.3B | $3.5B | $4.4B | $5.3B |
| Total current liabilities | — | $969M | $1.1B | $1.5B | $1.8B |
| Long-term debt | — | $349M | $775M | $736M | $697M |
| Total liabilities | — | $1.5B | $2.0B | $2.5B | $2.7B |
| Shareholders' equity | $1.8B | $1.8B | $1.5B | $1.9B | $2.7B |
| Net debt | -$225M | $243M | $646M | $412M | -$41M |
Cash flow
Fiscal years, from SharkNinja's 10-K filings with the SEC.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating cash flow | $229M | $205M | $281M | $447M | $634M |
| Capital spending | $55M | $87M | $123M | $141M | $147M |
| Free cash flow | $174M | $118M | $157M | $305M | $487M |
| Stock-based compensation | $14M | $6M | $47M | $85M | $44M |
| Dividends paid | $0 | $0 | $150M | $0 | $0 |
| Net borrowing | -$122M | -$310M | -$443M | -$25M | -$40M |
| Free cash flow margin | 4.7% | 3.2% | 3.7% | 5.5% | 7.6% |
| Dividends per share | — | — | $1.08 | — | — |
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Open SN in InvestinglyQuestions
What was SharkNinja's revenue in 2025?
$6.4B in fiscal 2025, from its 10-K filing.
How much free cash flow does SharkNinja generate?
$487M in fiscal 2025 (operating cash flow minus capital spending).
From SharkNinja's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.