ROCKY BRANDS, INC.
For the period ended Sep 30, 2025. Filed Nov 6, 2025.
View on SEC.govAbout 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.
Sep 30, 2025 · Filed Nov 6, 2025
RCKY$53.65+4.5%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Item 1. Financial Statements
Condensed Consolidated Balance Sheets
(In thousands, except share amounts)
| September 30, | December 31, | September 30, | |
|---|---|---|---|
| 2025 | 2024 | 2024 | |
| ASSETS: | |||
| CURRENT ASSETS: | |||
| Cash and cash equivalents | $3,319 | $3,719 | $3,705 |
| Trade receivables – net | 82,564 | 71,983 | 77,130 |
| Other receivables | 96 | 1,028 | 177 |
| Inventories – net | 193,613 | 166,701 | 171,847 |
| Prepaid expenses | 5,658 | 3,008 | 5,205 |
| Total current assets | 285,250 | 246,439 | 258,064 |
| LEASED ASSETS | 4,890 | 6,030 | 6,705 |
| PROPERTY, PLANT & EQUIPMENT – net | 50,533 | 49,666 | 50,380 |
| GOODWILL | 47,844 | 47,844 | 47,844 |
| IDENTIFIED INTANGIBLES – net | 103,730 | 105,823 | 110,521 |
| OTHER ASSETS | 1,767 | 1,498 | 1,503 |
| TOTAL ASSETS | $494,014 | $457,300 | $475,017 |
| LIABILITIES AND SHAREHOLDERS' EQUITY: | |||
| CURRENT LIABILITIES: | |||
| Accounts payable | $63,323 | $58,069 | $63,148 |
| Current portion of long-term debt | 8,361 | 8,361 | 8,361 |
| Accrued expenses and other liabilities | 32,471 | 23,977 | 20,845 |
| Total current liabilities | 104,155 | 90,407 | 92,354 |
| LONG-TERM DEBT | 130,684 | 120,376 | 141,929 |
| LONG-TERM LEASE | 2,183 | 3,537 | 4,232 |
| DEFERRED INCOME TAXES | 10,044 | 10,044 | 7,475 |
| DEFERRED LIABILITIES | 851 | 712 | 777 |
| TOTAL LIABILITIES | 247,917 | 225,076 | 246,767 |
| SHAREHOLDERS' EQUITY: | |||
| Common stock, no par value; | - | - | - |
| 25,000,000 shares authorized; issued and outstanding September 30, 2025 - 7,488,341; December 31, 2024 - 7,454,465; September 30, 2024 - 7,449,020 | |||
| Additional paid-in-capital | 75,449 | 73,866 | 73,537 |
| Retained earnings | 170,648 | 158,358 | 154,713 |
| Total shareholders' equity | 246,097 | 232,224 | 228,250 |
| TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY | $494,014 | $457,300 | $475,017 |
Condensed Consolidated Statements of Operations
(In thousands, except per share amounts)
| Three Months Ended · Nine Months Ended | ||||
|---|---|---|---|---|
| September 30, | September 30, | |||
| 2025 | 2024 | 2025 | 2024 | |
| NET SALES | $122,540 | $114,554 | $342,260 | $325,718 |
| COST OF GOODS SOLD | 73,264 | 70,908 | 202,695 | 199,886 |
| GROSS MARGIN | 49,276 | 43,646 | 139,565 | 125,832 |
| OPERATING EXPENSES | 37,541 | 33,575 | 111,968 | 103,271 |
| INCOME FROM OPERATIONS | 11,735 | 10,071 | 27,597 | 22,561 |
| INTEREST EXPENSE AND OTHER – net | (2,493) | (3,180) | (7,367) | (13,964) |
| INCOME BEFORE INCOME TAX EXPENSE | 9,242 | 6,891 | 20,230 | 8,597 |
| INCOME TAX EXPENSE | 2,030 | 1,612 | 4,468 | 2,011 |
| NET INCOME | $7,212 | $5,279 | $15,762 | $6,586 |
| INCOME PER SHARE | ||||
| Basic | $0.96 | $0.71 | $2.11 | $0.89 |
| Diluted | $0.96 | $0.70 | $2.10 | $0.88 |
| WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING | ||||
| Basic | 7,475 | 7,449 | 7,465 | 7,432 |
| Diluted | 7,543 | 7,503 | 7,511 | 7,479 |
Condensed Consolidated Statements of Shareholders’** Equity**
(In thousands, except per share amounts)
| Common Stock and | ||||
|---|---|---|---|---|
| Additional Paid-in Capital · Total | ||||
| Shares · Retained · Shareholders' | ||||
| Outstanding | Amount | Earnings | Equity | |
| BALANCE - December 31, 2023 | 7,412 | $71,973 | $151,582 | $223,555 |
| Net income | $2,550 | $2,550 | ||
| Dividends paid on common stock ($0.155 per share) | (1,149) | (1,149) | ||
| Stock compensation expense | 5 | $339 | - | 339 |
| BALANCE - March 31, 2024 | 7,417 | $72,312 | $152,983 | $225,295 |
| Net loss | $(1,243) | $(1,243) | ||
| Dividends paid on common stock ($0.155 per share) | (1,151) | (1,151) | ||
| Stock issued for options exercised, including tax benefits | $599 | - | 599 | |
| Stock compensation expense | 6 | 312 | - | 312 |
| BALANCE - June 30, 2024 | 7,423 | $73,223 | $150,589 | $223,812 |
| Net income | $5,279 | $5,279 | ||
| Dividends paid on common stock ($0.155 per share) | (1,155) | (1,155) | ||
| Stock compensation expense | 26 | $314 | - | 314 |
| BALANCE - September 30, 2024 | 7,449 | $73,537 | $154,713 | $228,250 |
| BALANCE - December 31, 2024 | 7,454 | $73,866 | $158,358 | $232,224 |
| Net income | $4,941 | $4,941 | ||
| Dividends paid on common stock ($0.155 per share) | (1,156) | (1,156) | ||
| Repurchase of common stock | (10) | $(201) | - | (201) |
| Stock issued for options exercised, including tax benefits | 1 | 19 | - | 19 |
| Stock compensation expense | 7 | 386 | - | 386 |
| BALANCE - March 31, 2025 | 7,452 | $74,070 | $162,143 | $236,213 |
| Net income | $3,608 | $3,608 | ||
| Dividends paid on common stock ($0.155 per share) | (1,156) | (1,156) | ||
| Stock compensation expense | 9 | $400 | - | 400 |
| BALANCE - June 30, 2025 | 7,461 | $74,470 | $164,595 | $239,065 |
| Net income | $7,212 | $7,212 | ||
| Dividends paid on common stock ($0.155 per share) | (1,159) | (1,159) | ||
| Stock issued for options exercised, including tax benefits | 20 | $561 | - | 561 |
| Stock compensation expense | 7 | 418 | - | 418 |
| BALANCE - September 30, 2025 | 7,488 | $75,449 | $170,648 | $246,097 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.