SharkNinja, Inc.
For the period ended Mar 31, 2026. Filed May 6, 2026.
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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.
Mar 31, 2026 · Filed May 6, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows (Unaudited)
| SHARKNINJA, INC. | ||
|---|---|---|
| CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS | ||
| (in thousands) | ||
| (unaudited) | ||
| Three Months Ended March 31, | ||
| 2026 | 2025 | |
| Cash flows from operating activities: | ||
| Net income | $121,462 | $117,835 |
| Adjustments to reconcile net income to net cash used in operating activities: | ||
| Depreciation and amortization | 38,447 | 31,946 |
| Share-based compensation | 30,309 | 11,550 |
| Provision for credit losses | 300 | 3,178 |
| Provision for excess and obsolete inventory | (3,917) | 387 |
| Non-cash lease expense | 5,456 | 4,993 |
| Deferred income taxes, net | (10,059) | (9,211) |
| Other | 499 | 483 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable(1) | 182,177 | 237,353 |
| Inventories | (34,446) | (62,850) |
| Prepaid expenses and other assets | (75,133) | (62,900) |
| Accounts payable(2) | (97,332) | (156,116) |
| Tax payable | 27,244 | 33,939 |
| Operating lease liabilities | (5,509) | (894) |
| Accrued expenses and other liabilities | (335,778) | (204,549) |
| Net cash used in operating activities | (156,280) | (54,856) |
| Cash flows from investing activities: | ||
| Purchase of property and equipment | (33,917) | (32,661) |
| Purchase of intangible asset | (4,437) | (2,836) |
| Capitalized internal-use software development | — | (1,312) |
| Net cash used in investing activities | (38,354) | (36,809) |
| Cash flows from financing activities: | ||
| Repayment of debt | (10,125) | (10,125) |
| Net ordinary shares withheld for taxes upon issuance of restricted share units | (48,675) | (48,449) |
| Proceeds from shares issued under employee share purchase plan | 8,099 | 7,425 |
| Repurchase of ordinary shares | (18,461) | — |
| Net cash used in financing activities | (69,162) | (51,149) |
| Effect of exchange rates changes on cash | (1,719) | 3,841 |
| Net decrease in cash and cash equivalents | (265,515) | (138,973) |
| Cash and cash equivalents at beginning of period | 777,289 | 363,669 |
| Cash and cash equivalents at end of period | $511,774 | $224,696 |
| Supplemental disclosures of noncash investing and financing activities: | ||
| Purchase of property and equipment accrued and not yet paid | $17,959 | $10,884 |
| Unrealized gain on cash flow hedges | — | 6,120 |
| Repurchases of ordinary shares traded and not yet settled | 1,538 | — |
(1) Including changes in related party balances of $6,236 and $(7,140) for the three months ended March 31, 2026 and 2025, respectively.
(2) Including changes in related party balances of $(2,413) and $(13,505) for thethree months ended March 31, 2026 and 2025, respectively.
NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
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