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 Statements of Operations
| Three Months Ended September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| (in thousands, except per share data) | 2025 | 2024 | 2025 | 2024 |
| Net sales | $664,200 | $621,170 | $1,771,672 | $1,693,446 |
| Licensing fee income | 3,675 | 3,505 | 8,737 | 7,163 |
| Total revenue | 667,875 | 624,675 | 1,780,409 | 1,700,609 |
| Cost of sales (exclusive of depreciation and amortization) | 390,500 | 365,131 | 1,050,740 | 999,121 |
| Gross profit | 277,375 | 259,544 | 729,669 | 701,488 |
| Operating expenses | 246,017 | 178,915 | 687,145 | 507,343 |
| Change in valuation of contingent payment liability | — | (2,584) | (2,075) | 5,616 |
| Impairment of intangibles | — | 8,635 | — | 10,335 |
| Income from operations | 31,358 | 74,578 | 44,599 | 178,194 |
| Gain on derivative | — | — | 9,252 | — |
| Interest and other (expense) / income – net | (4,947) | 1,400 | (7,913) | 4,309 |
| Income before provision for income taxes | 26,411 | 75,978 | 45,938 | 182,503 |
| Provision for income taxes | 4,593 | 19,390 | 21,572 | 44,404 |
| Net income | 21,818 | 56,588 | 24,366 | 138,099 |
| Less: net income attributable to noncontrolling interest | 1,290 | 1,310 | 2,892 | 3,510 |
| Net income attributable to Steven Madden, Ltd. | $20,528 | $55,278 | $21,474 | $134,589 |
| Basic net income per share | $0.29 | $0.78 | $0.30 | $1.88 |
| Diluted net income per share | $0.29 | $0.77 | $0.30 | $1.87 |
| Basic weighted average common shares outstanding | 70,906 | 70,806 | 70,850 | 71,516 |
| Effect of dilutive securities – options/restricted stock | 251 | 763 | 172 | 619 |
| Diluted weighted average common shares outstanding | 71,157 | 71,569 | 71,022 | 72,135 |
| Cash dividends declared per common share | $0.21 | $0.21 | $0.63 | $0.63 |
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