Honest Company, Inc.
For the period ended Dec 31, 2025. Filed Feb 25, 2026.
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FY2025 · Filed Feb 25, 2026
HNST$5.20+0.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
(in thousands)
| For the year ended December 31, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| Cash flows from operating activities | |||
| Net loss | $(15,686) | $(6,124) | $(39,238) |
| Adjustments to reconcile net loss to net cash provided by operating activities: | |||
| Depreciation and amortization | 2,901 | 2,843 | 2,740 |
| Stock-based compensation | 10,512 | 15,675 | 15,804 |
| Fixed asset impairment | 2,878 | — | — |
| Amortization of operating ROU assets | 6,649 | 6,444 | 6,257 |
| Apparel inventory write-down | 15,899 | — | — |
| Other | 6,175 | 746 | (1,369) |
| Changes in assets and liabilities: | |||
| Accounts receivable, net | 10,202 | (378) | (682) |
| Inventories | (7,465) | (10,934) | 43,475 |
| Prepaid expenses and other assets | 3,557 | (1,437) | 8,005 |
| Accounts payable, accrued expenses and other long-term liabilities | (11,183) | 3,809 | (9,347) |
| Deferred revenue | (375) | (998) | 1,396 |
| Operating lease liabilities | (8,943) | (8,105) | (7,688) |
| Net cash provided by operating activities | 15,121 | 1,541 | 19,353 |
| Cash flows from investing activities | |||
| Proceeds from maturities of short-term investments | — | — | 5,683 |
| Purchases of property and equipment | (1,510) | (530) | (1,838) |
| Purchases of intangible assets | — | — | (10) |
| Net cash provided (used in) provided by investing activities | (1,510) | (530) | 3,835 |
| Cash flows from financing activities | |||
| Proceeds from exercise of stock options | 384 | 41,453 | 4 |
| Proceeds from 2021 ESPP | 152 | 163 | 176 |
| Payments on finance lease liabilities | (1) | (19) | (58) |
| Net cash provided by financing activities | 535 | 41,597 | 122 |
| Net increase in cash and cash equivalents | 14,146 | 42,608 | 23,310 |
| Cash and cash equivalents | |||
| Beginning of the period | 75,435 | 32,827 | 9,517 |
| End of the period | $89,581 | $75,435 | $32,827 |
| Supplemental disclosures of cash flow information | |||
| Cash paid during the period for: | |||
| Interest | $— | $— | $1 |
| Income Taxes | $110 | $89 | $116 |
| Supplemental disclosures of noncash activities | |||
| Capital expenditures included in accounts payable and accrued expenses | $496 | $44 | $25 |
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