Playboy, Inc.
For the period ended Dec 31, 2025. Filed Mar 16, 2026.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Mar 16, 2026
PLBY$1.27+4.1%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
Consolidated Statements of Cash Flows
(in thousands)
| Year Ended December 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Cash Flows From Operating Activities | ||
| Net loss | $(12,672) | $(79,397) |
| Adjustments to reconcile net loss to net cash (used in) provided by operating activities: | ||
| Depreciation and amortization | 3,038 | 7,007 |
| Stock-based compensation | 4,715 | 7,311 |
| Impairments | 2,087 | 26,078 |
| Amortization of right of use assets | 5,313 | 7,037 |
| Deferred income taxes | (3,885) | 968 |
| Amortization of debt premium/discount and issuance costs | (8,752) | 2,706 |
| Capitalized paid-in-kind interest | 7,235 | 6,971 |
| Other, net | (630) | 197 |
| Changes in operating assets and liabilities: | ||
| Receivables, net | 1,914 | 994 |
| Inventories | (2,975) | 4,587 |
| Contract assets | 192 | 884 |
| Prepaid expenses and other assets | (1,712) | 2,124 |
| Accounts payable | 1,015 | (3,336) |
| Accrued agency fees and commissions | (574) | (215) |
| Other liabilities and accrued expenses | 3,697 | 2,022 |
| Deferred revenues | 9,747 | 1,702 |
| Operating lease liabilities | (6,851) | (7,892) |
| Other, net | (884) | 1,113 |
| Net cash provided by (used in) operating activities | 18 | (19,139) |
| Cash Flows From Investing Activities | ||
| Purchases of property and equipment | (1,024) | (2,262) |
| Proceeds from sale of artwork | 1,574 | 1,944 |
| Net cash provided by (used in) investing activities | 550 | (318) |
| Cash Flows From Financing Activities | ||
| Proceeds from issuance of common stock in private placement, net | — | 22,249 |
| Payment of financing costs | (508) | — |
| Repayment of long-term debt | (381) | (228) |
| Proceeds from sale of common stock, net | 10,270 | — |
| Other | (792) | (426) |
| Net cash provided by financing activities | 8,589 | 21,595 |
| Effect of exchange rate changes on cash and cash equivalents | 342 | (492) |
| Net increase in cash and cash equivalents and restricted cash | 9,499 | 1,646 |
| Balance, beginning of year | 33,322 | 31,676 |
| Balance, end of year | $42,821 | $33,322 |
| Cash and Cash Equivalents and Restricted Cash Consist of: | ||
| Cash and cash equivalents | $37,801 | $30,904 |
| Restricted cash | 5,020 | 2,418 |
| Total | $42,821 | $33,322 |
| Supplemental Disclosures | ||
| Cash paid for income taxes | $1,170 | $2,046 |
| Cash paid for interest | $13,197 | $13,033 |
| Supplemental Disclosure of Non-cash Activities | ||
| Issuance of common stock in relation to the conversion of preferred stock | $26,577 | $— |
| Exchange of debt for Series B convertible preferred stock | $— | $23,044 |
| Preferred stock accretion to redemption value | $2,716 | $817 |
| Accrued financing fees | $— | $250 |
| Sale of artwork | $— | $751 |
| Purchases of property and equipment | $83 | $20 |
| Right-of-use assets in exchange for lease liabilities | $3,854 | $2,312 |
| Reduction in right-of-use assets in relation to a lease of a formerly disposed of business | $870 | $— |
| The accompanying notes are an integral part of these consolidated financial statements. | ||
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