FIVE BELOW, INC

For the period ended Aug 2, 2025. Filed Aug 28, 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.

Aug 2, 2025 · Filed Aug 28, 2025

FIVE$253.51-0.1%Stored close · as of Nov 10, 2026

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

See the whole filing, with its images and exhibits

Contents

Item 1. Consolidated Financial Statements (unaudited)

Consolidated Balance Sheets

(in thousands, except share and per share data)

	August 2, 2025	February 1, 2025	August 3, 2024
Assets
Current assets:
Cash and cash equivalents	$562,746	$331,718	$209,039
Short-term investment securities	107,418	197,073	118,680
Inventories	799,602	659,500	639,881
Prepaid income taxes and tax receivable	4,657	4,649	14,140
Prepaid expenses and other current assets	110,495	158,427	136,899
Total current assets	1,584,918	1,351,367	1,118,639
Property and equipment, net of accumulated depreciation and amortization of $841,073, $749,923, and $662,744, respectively.	1,253,808	1,261,728	1,246,880
Operating lease assets	1,746,255	1,706,542	1,627,483
Other assets	21,557	19,937	20,142
	$4,606,538	$4,339,574	$4,013,144
Liabilities and Shareholders’ Equity
Current liabilities:
Line of credit	$—	$—	$—
Accounts payable	371,801	260,343	255,965
Income taxes payable	—	51,998	—
Accrued salaries and wages	36,532	19,743	12,574
Other accrued expenses	204,926	149,495	164,226
Operating lease liabilities	311,365	274,863	252,440
Total current liabilities	924,624	756,442	685,205
Other long-term liabilities	10,288	8,210	8,662
Long-term operating lease liabilities	1,707,261	1,706,704	1,642,055
Deferred income taxes	57,118	59,891	69,481
Total liabilities	2,699,291	2,531,247	2,405,403
Commitments and contingencies (note 6)
Shareholders’ equity:
Common stock, $0.01 par value. Authorized 120,000,000 shares; issued and outstanding 55,146,485, 55,028,682, and 55,006,099 shares, respectively.	550	549	549
Additional paid-in capital	167,480	152,471	141,029
Retained earnings	1,739,217	1,655,307	1,466,163
Total shareholders’ equity	1,907,247	1,808,327	1,607,741
	$4,606,538	$4,339,574	$4,013,144

Consolidated Statements of Operations

(in thousands, except share and per share data)

Thirteen Weeks Ended · Twenty-Six Weeks Ended
August 2, 2025 · August 3, 2024 · August 2, 2025 · August 3, 2024
Net sales	$1,026,847	$830,069	$1,997,374	$1,641,932
Cost of goods sold (exclusive of items shown separately below)	684,478	558,283	1,331,092	1,106,626
Selling, general and administrative expenses	242,314	188,809	468,816	378,995
Depreciation and amortization	47,690	41,468	94,254	78,652
Operating income	52,365	41,509	103,212	77,659
Interest income and other income, net	5,540	3,054	11,187	8,044
Income before income taxes	57,905	44,563	114,399	85,703
Income tax expense	15,143	11,563	30,489	21,236
Net income	$42,762	$33,000	$83,910	$64,467
Basic income per common share	$0.78	$0.60	$1.52	$1.17
Diluted income per common share	$0.77	$0.60	$1.52	$1.17
Weighted average shares outstanding:
Basic shares	55,072,140	55,027,663	55,059,126	55,097,840
Diluted shares	55,389,479	55,042,588	55,289,719	55,148,893

Consolidated Statements of Shareholders’ Equity

(in thousands, except share data)

Common stock · Additionalpaid-in capital · Retained earnings · Totalshareholders’ equity
Shares	Amount
Balance, February 1, 2025	55,028,682	$549	$152,471	$1,655,307		$1,808,327
Share-based compensation expense	—	—	9,672	—		9,672
Issuance of unrestricted stock awards	2,039	—	169	—		169
Vesting of restricted stock units and performance-based restricted stock units	44,020	—	—	—		—
Common shares withheld for taxes	(15,526)	—	(1,254)	—		(1,254)
Net income	—	—	—	41,148		41,148
Balance, May 3, 2025	55,059,215	$549	$161,058	$1,696,455		$1,858,062
Share-based compensation expense	—	—	8,392		8,392
Issuance of unrestricted stock awards	982	—	134		134
Vesting of restricted stock units and performance-based restricted stock units	102,058	1	—		1
Common shares withheld for taxes	(19,436)	—	(2,581)		(2,581)
Issuance of common stock to employees under employee stock purchase plan	3,666	—	477		477
Net income	—	—	—	42,762		42,762
Balance, August 2, 2025	55,146,485	$550	$167,480	$1,739,217		$1,907,247

Common stock · Additionalpaid-in capital · Retained earnings · Totalshareholders’ equity
Shares	Amount
Balance, February 3, 2024	55,197,875	$551	$182,709	$1,401,696	$1,584,956
Share-based compensation expense	—	—	4,928	—	4,928
Issuance of unrestricted stock awards	626	—	112	—	112
Vesting of restricted stock units and performance-based restricted stock units	89,885	1	—	—	1
Common shares withheld for taxes	(33,953)	—	(6,652)	—	(6,652)
Repurchase and retirement of common stock	(182,327)	(2)	(30,149)	—	(30,151)
Net income	—	—	—	31,467	31,467
Balance, May 4, 2024	55,072,106	$550	$150,948	$1,433,163	$1,584,661
Share-based compensation expense	—	—	(454)	—	(454)
Issuance of unrestricted stock awards	1,834	—	114	—	114
Vesting of restricted stock units and performance-based restricted stock units	12,439	—	—	—	—
Common shares withheld for taxes	(938)	—	(105)	—	(105)
Repurchase and retirement of common stock	(84,670)	(1)	(10,074)	—	(10,075)
Issuance of common stock to employees under employee stock purchase plan	5,328	—	600	—	600
Net income	—	—	—	33,000	33,000
Balance, August 3, 2024	55,006,099	$549	$141,029	$1,466,163	$1,607,741

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.