Savers Value Village, Inc.

For the period ended Jan 3, 2026. Filed Feb 20, 2026.

About this filing

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.

FY2026 · Filed Feb 20, 2026

SVV$10.07-5.1%Stored close · as of Nov 10, 2026

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Contents

Item 8. Consolidated Statements of Cash Flows

Consolidated Statements of Cash Flows

(All amounts in thousands)

	Fiscal Year
	2025	2024	2023
Cash flows from operating activities:
Net income	$22,639	$29,030	$53,115
Adjustments to reconcile net income to net cash provided by operating activities:
Stock-based compensation expense	38,602	61,636	72,604
Amortization of debt issuance costs and debt discount	4,768	5,611	6,051
Depreciation and amortization	80,482	69,530	61,144
Operating lease expense	147,671	132,173	119,908
Deferred income taxes, net	7,712	(31,880)	(35,249)
Loss on extinguishment of debt	35,728	4,088	16,626
Other items	(12,798)	9,048	(15,055)
Changes in operating assets and liabilities, net of acquisition:
Trade receivables	(187)	(5,748)	740
Inventories	(6,419)	(1,898)	(10,926)
Prepaid expenses and other assets	(26,612)	1,073	3,659
Accounts payable and accrued liabilities	(15,630)	(8,046)	8,154
Accrued payroll and related taxes	15,554	(10,688)	2,428
Operating lease liabilities	(128,695)	(122,630)	(110,438)
Other liabilities	4,465	2,977	2,404
Net cash provided by operating activities	167,280	134,276	175,165
Cash flows from investing activities:
Purchases of property and equipment	(118,643)	(105,877)	(91,743)
Settlement of derivative instruments, net	2,480	28,543	28
Purchase of marketable securities	(3,087)	—	—
Proceeds from sale of marketable securities	783	—	—
Business acquisition, net of cash acquired	—	(3,189)	—
Purchase of trade name	—	—	(650)
Net cash used in investing activities	(118,467)	(80,523)	(92,365)
Cash flows from financing activities:
Proceeds from issuance of long-term debt, net	746,250	—	529,247
Principal payments on long-term debt	(781,256)	(55,500)	(547,931)
Payment of debt issuance costs	(10,778)	(1,004)	(4,359)
Prepayment premium on extinguishment of debt	(20,884)	(1,485)	(1,650)
Advances on revolving line of credit	—	—	42,000
Repayments of revolving line of credit	—	—	(84,000)
Proceeds from stock option exercises	1,748	3,721	—
Repurchase of common stock, including excise tax	(45,211)	(31,674)	(699)
Shares withheld for taxes	(798)	(560)	(150)
Principal payments on finance lease liabilities	(3,958)	(1,615)	(1,526)
Settlement of derivative instrument, net	—	11,925	8,601
Dividends paid	—	—	(262,235)
Proceeds from initial public offering, net	—	—	314,719
Payment of offering costs	—	—	(9,061)
Other	(1,133)	(438)	—
Net cash used in financing activities	(116,020)	(76,630)	(17,044)
Effect of exchange rate changes on cash and cash equivalents	3,144	(7,111)	2,067
Net change in cash and cash equivalents	(64,063)	(29,988)	67,823
Cash and cash equivalents at beginning of period	149,967	179,955	112,132
Cash and cash equivalents at end of period	$85,904	$149,967	$179,955
Supplemental disclosures of cash flow information:
Interest paid on debt	$76,816	$75,409	$79,133
Supplemental disclosure of noncash investing and financing activities:
Noncash capital expenditures	$6,613	$3,787	$5,276
Repurchase of common stock and excise tax not yet paid	$494	$267	$—

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.