SWIM (SWIM) financial statements
SWIM reported revenue of $546M in fiscal 2025, up 9.4% a year over 6 years.
Net income was $11M and the operating margin 5.6%, against 7.9% in 2019.
Free cash flow was $38M.
The diluted share count rose 26% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from SWIM's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Revenue | $318M | $403M | $630M | $696M | $566M | $509M | $546M |
| Cost of revenue | $220M | $261M | $426M | $479M | $414M | $355M | $364M |
| Gross profit | $98M | $143M | $204M | $216M | $153M | $154M | $182M |
| Selling, general and admin | $57M | $86M | $218M | $147M | $110M | $108M | $123M |
| Operating income | $25M | $40M | -$36M | $30M | $16M | $18M | $31M |
| Interest expense | $23M | $18M | $24M | $16M | $31M | $25M | $26M |
| Pre-tax income | $3M | $23M | -$54M | $14M | -$10M | -$9M | $13M |
| Income tax | -$5M | $7M | $9M | $19M | -$8M | $9M | $2M |
| Net income | $7M | $16M | -$62M | -$6M | -$2M | -$18M | $11M |
| EPS (diluted) | $0.08 | $0.16 | -$0.56 | -$0.05 | -$0.02 | -$0.15 | $0.09 |
| Diluted shares | 95M | 103M | 111M | 113M | 113M | 115M | 120M |
| Gross margin | 30.9% | 35.4% | 32.4% | 31.1% | 27.0% | 30.2% | 33.4% |
| Operating margin | 7.9% | 9.9% | -5.7% | 4.3% | 2.8% | 3.6% | 5.6% |
| Net margin | 2.3% | 4.0% | -9.9% | -0.8% | -0.4% | -3.5% | 2.0% |
Balance sheet
Fiscal years, from SWIM's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $57M | $59M | $44M | $33M | $103M | $56M | $71M |
| Receivables | — | $33M | $61M | $49M | $30M | $32M | $40M |
| Inventory | — | $65M | $110M | $165M | $97M | $77M | $75M |
| Total current assets | — | $167M | $229M | $255M | $239M | $178M | $219M |
| Property, plant and equipment | — | $47M | $64M | $98M | $113M | $113M | $119M |
| Goodwill | $102M | $116M | $129M | $131M | $131M | $153M | $155M |
| Total assets | — | $647M | $794M | $870M | $835M | $794M | $823M |
| Total current liabilities | — | $94M | $115M | $87M | $86M | $71M | $79M |
| Long-term debt | — | $208M | $263M | $310M | $280M | $278M | $277M |
| Total liabilities | — | $365M | $441M | $487M | $436M | $407M | $417M |
| Shareholders' equity | $194M | $282M | $354M | $383M | $399M | $387M | $406M |
| Net debt | -$57M | $162M | $236M | $280M | $198M | $225M | $209M |
Cash flow
Fiscal years, from SWIM's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Operating cash flow | $36M | $63M | $34M | $32M | $116M | $61M | $63M |
| Capital spending | $8M | $16M | $25M | $40M | $33M | $20M | $25M |
| Free cash flow | $27M | $47M | $9M | -$7M | $83M | $41M | $38M |
| Stock-based compensation | $808,000 | $2M | $129M | $51M | $19M | $7M | $9M |
| Share buybacks (net) | -$200,000 | -$582,000 | -$282M | -$281M | $0 | $0 | — |
| Net borrowing | $22M | $20M | $223M | $320M | $0 | $0 | — |
| Free cash flow margin | 8.6% | 11.6% | 1.4% | -1.1% | 14.7% | 8.1% | 7.0% |
Every line, every quarterThe deep dive has fifteen-plus years of statements, quarterly results, charts and valuation models for SWIM.
Open SWIM in InvestinglyQuestions
What was SWIM's revenue in 2025?
$546M in fiscal 2025, from its 10-K filing.
How much free cash flow does SWIM generate?
$38M in fiscal 2025 (operating cash flow minus capital spending).
From SWIM's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.