STEVEN MADDEN, LTD.
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
SHOO$42.84+8.5%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Balance Sheets
| September 30,2025 | December 31,2024 | September 30,2024 | |
|---|---|---|---|
| (in thousands, except par value) · (unaudited) · (unaudited) | |||
| ASSETS | |||
| Current assets: | |||
| Cash and cash equivalents | $108,722 | $189,924 | $139,414 |
| Short-term investments | 140 | 13,484 | 11,064 |
| Accounts receivable, net of allowances of $6,297, $4,670 and $4,068 | 91,285 | 45,653 | 56,297 |
| Factor accounts receivable | 333,198 | 348,659 | 426,408 |
| Inventories | 476,027 | 257,625 | 268,669 |
| Prepaid expenses and other current assets | 56,760 | 34,463 | 28,041 |
| Income tax receivable and prepaid income taxes | 26,582 | 4,887 | 14,950 |
| Total current assets | 1,092,714 | 894,695 | 944,843 |
| Property and equipment, net | 112,301 | 57,388 | 52,906 |
| Operating lease right-of-use asset | 220,656 | 139,695 | 148,391 |
| Deposits and other | 21,363 | 22,214 | 20,166 |
| Deferred tax assets | 1,389 | 610 | 609 |
| Goodwill | 273,836 | 183,737 | 181,905 |
| Intangibles, net | 277,268 | 113,432 | 108,308 |
| Total Assets | $1,999,527 | $1,411,771 | $1,457,128 |
| LIABILITIES | |||
| Current liabilities: | |||
| Accounts payable | $254,346 | $206,889 | $225,586 |
| Accrued expenses and other current liabilities | 237,736 | 142,452 | 150,067 |
| Operating leases – current portion | 55,957 | 43,172 | 43,812 |
| Income taxes payable | 16,351 | 6,147 | 12,435 |
| Contingent payment liability – current portion | 3,221 | — | 7,716 |
| Accrued incentive compensation | 4,591 | 15,061 | 13,347 |
| Total current liabilities | 572,202 | 413,721 | 452,963 |
| Contingent payment liability – long-term portion | 15,164 | 7,565 | 11,200 |
| Operating leases – long-term portion | 190,459 | 109,816 | 118,674 |
| Long-term debt | 293,828 | — | — |
| Deferred tax liabilities | 39,867 | 4,628 | 8,777 |
| Other liabilities | 1,872 | 44 | 5,448 |
| Total Liabilities | 1,113,392 | 535,774 | 597,062 |
| Commitments, contingencies, and other (Note 13) | |||
| STOCKHOLDERS’ EQUITY | |||
| Preferred stock – $0.0001 par value, 5,000 shares authorized; none issued; Series A Junior Participating preferred stock – $0.0001 par value, 60 shares authorized; none issued | — | — | — |
| Common stock – $0.0001 par value, 245,000 shares authorized,137,978, 137,248 and 137,221 shares issued, 72,661, 72,157 and 72,192 shares outstanding | 7 | 7 | 7 |
| Additional paid-in capital | 636,556 | 614,381 | 607,511 |
| Retained earnings | 1,763,633 | 1,787,851 | 1,768,209 |
| Accumulated other comprehensive loss | (34,759) | (48,291) | (38,259) |
| Treasury stock – 65,317, 65,091 and 65,029 shares at cost | (1,514,596) | (1,506,229) | (1,503,545) |
| Total Steven Madden, Ltd. stockholders’ equity | 850,841 | 847,719 | 833,923 |
| Noncontrolling interest | 35,294 | 28,278 | 26,143 |
| Total stockholders’ equity | 886,135 | 875,997 | 860,066 |
| Total Liabilities and Stockholders’ Equity | $1,999,527 | $1,411,771 | $1,457,128 |
See accompanying notes to condensed consolidated financial statements- unaudited.
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