e.l.f. Beauty, Inc.
For the period ended Sep 30, 2025. Filed Nov 10, 2025.
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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 10, 2025
ELF$118.51-0.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed consolidated statements of cash flows
(in thousands)
| Six months ended September 30, | ||
|---|---|---|
| 2025 | 2024 | |
| Cash flows from operating activities: | ||
| Net income | $36,307 | $66,575 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation and amortization | 31,478 | 19,300 |
| Non-cash lease expense | 5,541 | 4,503 |
| Stock-based compensation expense | 39,345 | 34,612 |
| Amortization of debt issuance costs and discount on debt | 487 | 276 |
| Deferred income taxes | 18,716 | 1,324 |
| Acquisition-related seller expenses | (47,100) | — |
| Loss on extinguishment of debt | 674 | — |
| Other, net | 2,390 | 18 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | 2,958 | (21,221) |
| Inventory | (19,211) | (45,071) |
| Prepaid expenses and other assets | (48,755) | (48,863) |
| Accounts payable and accrued expenses | 24,358 | 5,188 |
| Other liabilities | 3,460 | (4,192) |
| Net cash provided by operating activities | 50,648 | 12,449 |
| Cash flows from investing activities: | ||
| Acquisition, net of cash acquired | (580,603) | — |
| Purchase of property and equipment | (13,944) | (2,409) |
| Other, net | (464) | (93) |
| Net cash used in investing activities | (595,011) | (2,502) |
| Cash flows from financing activities: | ||
| Proceeds from revolving line of credit | 50,000 | — |
| Repayment of revolving line of credit | (50,000) | — |
| Proceeds from long-term debt | 600,000 | — |
| Repayment of long-term debt | — | (5,375) |
| Debt issuance costs paid | (6,891) | — |
| Repurchase of common stock | — | (17,076) |
| Cash received from issuance of common stock | 1,771 | 533 |
| Other, net | — | (58) |
| Net cash provided by (used in) financing activities | 594,880 | (21,976) |
| Effect of exchange rate changes on cash and cash equivalents | 194 | 614 |
| Net increase (decrease) in cash, cash equivalents and restricted cash | 50,711 | (11,415) |
| Cash, cash equivalents and restricted cash - beginning of period | 148,692 | 108,183 |
| Cash, cash equivalents and restricted cash - end of period | $199,403 | $96,768 |
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