A.K.A. BRANDS HOLDING CORP.
For the period ended Nov 4, 2026. Filed Nov 4, 2026.
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Nov 4, 2026 · Filed Nov 4, 2026
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Contents
EX-99.1 · Adjusted EBITDA and Adjusted EBITDA Margin
Adjusted EBITDA and Adjusted EBITDA Margin
Adjusted EBITDA and Adjusted EBITDA margin are non-GAAP financial measures that management uses to assess our operating performance. Because Adjusted EBITDA and Adjusted EBITDA margin facilitate internal comparisons of our historical operating performance on a more consistent basis, we use these measures for business planning purposes.
We also believe this information will be useful for investors to facilitate comparisons of our operating performance and better identify trends in our business. We expect Adjusted EBITDA margin to increase over the long-term as we continue to scale our business and achieve greater leverage in our operating expenses.
We calculate Adjusted EBITDA as net income (loss) adjusted to exclude: interest and other expense; provision for (benefit from) income taxes; depreciation and amortization expense; equity-based compensation expense; costs to establish or relocate distribution centers; transaction costs; non-routine legal matters; costs related to severance from headcount reductions; goodwill and intangible asset impairment; sales tax penalties; insured losses, net of any recoveries; and one-time or non-recurring items. We calculate Adjusted EBITDA margin as Adjusted EBITDA as a percentage of net sales. Adjusted EBITDA and Adjusted EBITDA margin are considered non-GAAP financial measures under the SEC’s rules because they exclude certain amounts included in net income (loss) and net income (loss) margin, the most directly comparable financial measures calculated in accordance with GAAP.
A reconciliation of non-GAAP Adjusted EBITDA to net loss for the three and nine months ended September 30, 2026 and 2025, is as follows:
| Three Months Ended September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| (dollars in thousands) | 2026 | 2025 | 2026 | 2025 |
| Net loss | $(7,727) | $(4,960) | $(15,022) | $(16,935) |
| Add (deduct): | ||||
| Total other expense | 3,435 | 2,659 | 7,681 | 8,741 |
| Provision for income tax | 169 | 873 | 280 | 892 |
| Depreciation and amortization expense | 5,006 | 4,564 | 14,568 | 13,267 |
| Equity-based compensation expense | 1,123 | 1,895 | 3,463 | 5,797 |
| Distribution center relocation costs | 5,300 | 850 | 6,040 | 1,587 |
| Non-routine legal matters | 289 | 218 | 3,976 | 2,417 |
| Non-routine items5 | 594 | 923 | 1,079 | 1,443 |
| Adjusted EBITDA | $8,189 | $7,022 | $22,065 | $17,209 |
| Net loss margin | (4.8)% | (3.4)% | (3.3)% | (3.9)% |
| Adjusted EBITDA margin | 5.1% | 4.8% | 4.9% | 3.9% |
5 Non-routine items include severance from headcount reductions, one time supply chain sourcing costs and sales tax penalties.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.