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
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Condensed Consolidated Statements of Income (Unaudited)
CONDENSED CONSOLIDATED STATEMENTS OF INCOME
(in thousands, except share and per share data)
| Three Months Ended March 31, | ||
|---|---|---|
| 2026 | 2025 | |
| Net sales(1) | $1,412,806 | $1,222,638 |
| Cost of sales(2) | 717,838 | 619,412 |
| Gross profit | 694,968 | 603,226 |
| Operating expenses: | ||
| Research and development(3) | 98,883 | 87,603 |
| Sales and marketing | 315,338 | 275,737 |
| General and administrative(4) | 116,222 | 94,940 |
| Total operating expenses | 530,443 | 458,280 |
| Operating income | 164,525 | 144,946 |
| Interest expense, net | (6,607) | (12,629) |
| Other (expense) income, net | (10,336) | 13,216 |
| Income before income taxes | 147,582 | 145,533 |
| Provision for income taxes | 26,120 | 27,698 |
| Net income | $121,462 | $117,835 |
| Net income per share, basic | $0.86 | $0.84 |
| Net income per share, diluted | $0.85 | $0.83 |
| Weighted-average number of shares used in computing net income per share, basic | 141,396,491 | 140,622,029 |
| Weighted-average number of shares used in computing net income per share, diluted | 142,358,711 | 142,183,430 |
(1) Including amounts associated with related parties of $3,326 and $4,784 for thethree months ended March 31, 2026 and 2025, respectively.
(2) Including amounts associated with related parties of $12,809 and $27,476 for thethree months ended March 31, 2026 and 2025, respectively.
(3) Including amounts associated with related parties of $(2,853) and $(1,658) for thethree months ended March 31, 2026 and 2025, respectively.
(4) Including amounts associated with related parties of $0 and $(750) for thethree months ended March 31, 2026 and 2025, respectively.
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