Ulta Beauty, Inc.

For the period ended Nov 1, 2025. Filed Dec 4, 2025.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Nov 1, 2025 · Filed Dec 4, 2025

ULTA$665.13+3.2%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Consolidated Balance Sheets


· · November 1, · · February 1, · · November 2,
(In thousands, except per share data) · 2025 · 2025 · 2024
Assets	(Unaudited)		(Unaudited)
Current assets:
Cash and cash equivalents	$204,921	$703,201	$177,782
Receivables, net	237,352	223,334	213,621
Merchandise inventories, net	2,743,639	1,968,214	2,365,186
Prepaid expenses and other current assets	158,394	129,113	135,514
Prepaid income taxes	26,465	4,946	62,759
Total current assets	3,370,771	3,028,808	2,954,862

Property and equipment, net	1,366,504	1,239,295	1,264,419
Operating lease assets	1,710,804	1,609,870	1,619,055
Goodwill	392,606	10,870	10,870
Other intangible assets, net	6,089	204	281
Deferred compensation plan assets	52,684	47,951	48,872
Other long-term assets	112,834	64,695	60,127
Total assets	$7,012,292	$6,001,693	$5,958,486

Liabilities and stockholders’ equity
Current liabilities:
Accounts payable	$759,001	$563,761	$593,219
Accrued liabilities	473,949	380,241	333,463
Deferred revenue	462,964	500,585	405,040
Current operating lease liabilities	290,716	288,114	284,985
Accrued income taxes	—	46,777	—
Short-term debt	551,721	—	199,700
Total current liabilities	2,538,351	1,779,478	1,816,407

Non-current operating lease liabilities	1,732,219	1,635,120	1,656,317
Deferred income taxes	45,312	42,593	91,729
Other long-term liabilities	63,396	56,149	65,024
Total liabilities	4,379,278	3,513,340	3,629,477

Commitments and contingencies (Note 7)

Stockholders' equity:
Common stock, $0.01 par value, 400,000 shares authorized; 45,383, 46,809, and 47,412 shares issued; 44,502, 45,965, and 46,569 shares outstanding; at November 1, 2025 (unaudited), February 1, 2025, and November 2, 2024 (unaudited), respectively	454	468	474
Treasury stock-common, at cost	(120,298)	(106,793)	(106,598)
Additional paid-in capital	1,175,122	1,120,769	1,104,952
Retained earnings	1,577,736	1,473,909	1,330,181
Total stockholders’ equity	2,633,014	2,488,353	2,329,009
Total liabilities and stockholders’ equity	$7,012,292	$6,001,693	$5,958,486

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.