Traeger, 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
COOK$65.35-9.6%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 Operations and Comprehensive Loss
(in thousands, except share and per share amounts)
| Three Months Ended September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | |
| Revenue | $125,396 | $122,050 | $414,162 | $435,435 |
| Cost of revenue | 76,850 | 70,362 | 249,157 | 248,856 |
| Gross profit | 48,546 | 51,688 | 165,005 | 186,579 |
| Operating expenses: | ||||
| Sales and marketing | 20,000 | 26,162 | 66,989 | 76,065 |
| General and administrative | 22,164 | 24,135 | 73,215 | 86,764 |
| Amortization of intangible assets | 8,813 | 8,819 | 26,447 | 26,456 |
| Goodwill impairment | 74,725 | — | 74,725 | — |
| Restructuring and other costs | 6,204 | — | 9,672 | — |
| Total operating expense | 131,906 | 59,116 | 251,048 | 189,285 |
| Loss from operations | (83,360) | (7,428) | (86,043) | (2,706) |
| Other income (expense): | ||||
| Interest expense | (7,815) | (8,534) | (23,799) | (25,308) |
| Other income (expense), net | 1,049 | (3,964) | 9,563 | 993 |
| Total other expense | (6,766) | (12,498) | (14,236) | (24,315) |
| Loss before provision (benefit) for income taxes | (90,126) | (19,926) | (100,279) | (27,021) |
| Provision (benefit) for income taxes | (307) | (137) | (2,298) | 29 |
| Net loss | $(89,819) | $(19,789) | $(97,981) | $(27,050) |
| Net loss per share, basic and diluted | $(0.67) | $(0.15) | $(0.74) | $(0.21) |
| Weighted average common shares outstanding, basic and diluted | 134,214,292 | 128,291,933 | 132,290,564 | 126,886,385 |
| Other comprehensive income (loss): | ||||
| Foreign currency translation adjustments | $49 | $25 | $(102) | $111 |
| Amortization of dedesignated cash flow hedge | (909) | (1,456) | (2,853) | (5,506) |
| Total other comprehensive loss | (860) | (1,431) | (2,955) | (5,395) |
| Comprehensive loss | $(90,679) | $(21,220) | $(100,936) | $(32,445) |
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