Torrid Holdings Inc.
For the period ended May 3, 2025. Filed Jun 9, 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.
May 3, 2025 · Filed Jun 9, 2025
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Condensed Consolidated Balance Sheets
(In thousands, except share and per share data)
| May 3, 2025 | February 1, 2025 | |
|---|---|---|
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $23,693 | $48,523 |
| Restricted cash | 399 | 399 |
| Inventory | 149,570 | 148,493 |
| Prepaid expenses and other current assets | 26,905 | 24,507 |
| Prepaid income taxes | 1,824 | 4,244 |
| Total current assets | 202,391 | 226,166 |
| Property and equipment, net | 71,521 | 77,669 |
| Operating lease right-of-use assets | 132,672 | 140,651 |
| Deposits and other noncurrent assets | 19,774 | 18,935 |
| Deferred tax assets | 16,620 | 16,620 |
| Intangible asset | 8,400 | 8,400 |
| Total assets | $451,378 | $488,441 |
| Liabilities and Stockholders’ Deficit | ||
| Current liabilities: | ||
| Accounts payable | $62,146 | $72,378 |
| Accrued and other current liabilities | 107,083 | 125,743 |
| Operating lease liabilities | 38,661 | 40,505 |
| Current portion of term loan | 16,144 | 16,144 |
| Due to related parties | 7,858 | 8,362 |
| Income taxes payable | 116 | — |
| Total current liabilities | 232,008 | 263,132 |
| Noncurrent operating lease liabilities | 125,407 | 134,481 |
| Noncurrent debt, net | 268,373 | 272,409 |
| Deferred compensation | 3,630 | 3,913 |
| Other noncurrent liabilities | 5,781 | 5,595 |
| Total liabilities | 635,199 | 679,530 |
| Commitments and contingencies (Note 9) | ||
| Stockholders’ Deficit: | ||
| Preferred shares: $0.01 par value; 5,000,000 shares authorized; no shares issued and outstanding at May 3, 2025 and February 1, 2025 | — | — |
| Common shares: $0.01 par value; 1,000,000,000 shares authorized; 105,000,414 and 104,859,266 shares issued and outstanding at May 3, 2025 and February 1, 2025, respectively | 1,050 | 1,049 |
| Additional paid-in capital | 140,981 | 140,029 |
| Accumulated deficit | (325,329) | (331,269) |
| Accumulated other comprehensive loss | (523) | (898) |
| Total stockholders’ deficit | (183,821) | (191,089) |
| Total liabilities and stockholders’ deficit | $451,378 | $488,441 |
The accompanying notes are an integral part of these consolidated financial statements.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.