INTERPARFUMS INC

Listed Company

IPARCIK 0000822663NasdaqLarge AcceleratedPerfumes, Cosmetics & Other Toilet PreparationsDelawareFY ends Dec 31

Period

FY 2025

Revenue

—

Net Income

$168.39M

Total Assets

$1.59B

Equity

$880.72M

Shares Out

32.07M

Op. Cash Flow

$214.90M

Business

INTERPARFUMS INC operates in the fragrance business and manufactures, markets and distributes prestige fragrances and fragrance-related products. It offers branded prestige perfumes, fragrance family “blockbusters,” seasonal and limited-edition flankers, and related personal care and fragrance products under owned and licensed trademarks. The company manages its activities through two primary segments—European-based operations and United States-based operations—and through subsidiaries and license arrangements, including Interparfums SA and Interparfums Italia, relying on third-party fillers and distribution subsidiaries. Products are sold in over 120 countries via selective distribution, department and specialty stores, duty free, boutiques, distributors and e-commerce channels.

Summary from filing dated 2025-03-11

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net sales	1,489	1,452	1,318	1,087	880
Cost of sales	541	525	479	392	323
Gross margin	947	927	839	694	557
Selling, general, and administrative expenses	677	649	588	492	406
Impairment loss	0	4	0	8	—
Income from operations	270	275	251	194	148
Interest expense	7	8	11	4	—
Loss on foreign currency	5	1	2	2	−2
Interest and investment income	−4	−2	−11	—	—
Other income	−9	−287,000	−317,000	50,000	—
Nonoperating Income (Expense)	−1	6	2	84,000	−3
Income before income taxes	271	268	250	194	151
Income taxes	63	65	62	43	41
Net income	208	203	188	151	110
Less: Net income attributable to the noncontrolling interest	40	39	35	30	23
Net income attributable to Interparfums, Inc.	168	164	153	121	87
Basic (in dollars per share)	5.25	5.13	4.77	3.8	2.76
Diluted (in dollars per share)	5.24	5.12	4.75	3.78	2.75
Basic (in shares)	32	32	32	32	32
Diluted (in shares)	32	32	32	32	32
Dividends declared per share	3.2	3	2.5	2	1

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	158	125	88	105	160
Short-term investments	137	109	94	151	160
Accounts receivable, net	321	275	247	198	159
Inventories	351	372	372	290	199
Receivables, other	9	6	7	29	10
Other current assets - As Revised, See Note 1	40	39	29	16	21
Income taxes receivable	11	306,000	691,000	157,000	210,000
Total current assets	1,027	926	839	788	710
Property, equipment and leasehold improvements, net	185	154	169	167	149
Right-of-use assets, net	23	25	29	28	34
Trademarks, licenses and other intangible assets, net	325	282	296	291	214
Deferred tax assets - As Revised, See Note 1	4	5	15	11	8
Other assets	20	19	22	24	31
Total assets	1,585	1,411	1,369	1,309	1,145
Loans payable - banks	9	8	4	—	—
Current portion of long-term debt	55	42	30	29	16
Current portion of lease liabilities	6	6	6	5	6
Accounts payable - trade	77	91	97	88	82
Accrued expenses	190	173	179	214	137
Income taxes payable	7	13	8	9	—
Total current liabilities	344	332	325	345	245
Longterm debt, less current portion	121	116	128	151	133
Lease liabilities, less current portion	16	20	25	24	29
Preferred stock, $0.001 par value. Authorized 1,000,000 shares: none issued	0	0	0	—	—
Common stock, $0.001 par value. Authorized 100,000,000 shares: outstanding, 32,067,285 and 32,110,170 shares on December 31, 2025, and 2024, respectively	32,000	32,000	32,000	32,000	32,000
Additional paid-in capital	128	107	99	90	87
Retained earnings	829	763	694	620	561
Accumulated other comprehensive loss	−9	−72	−40	−56	−38
Treasury stock, at cost, 9,032,840 and 9,981,665 common shares on December 31, 2025, and 2024, respectively	−67	−53	−53	−37	−37
Total Interparfums, Inc. shareholders equity	881	745	699	617	572
Noncontrolling interest	223	198	193	171	166
Total equity	1,104	943	892	788	738
Total liabilities and equity	1,585	1,411	1,369	1,309	1,145

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization including impairment loss	25	28	17	23	13
Provision for doubtful accounts	2	618,000	−2	2	853,000
Noncash stock compensation	2	2	3	3	3
Share of income of equity investment	−939,000	−460,000	−317,000	49,000	−53,000
Noncash lease expense	7	6	5	5	—
Gain on debt extinguishment	−8	0	0	—	—
Deferred tax benefit - As Revised, See Note 1	2	−2	−2	−4	−465,000
Change in fair value of derivatives	−963,000	93,000	−301,000	227,000	65,000
Accounts receivable	−22	−41	−37	−60	−45
Inventories	55	−17	−74	−98	−50
Other assets - As Revised, See Note 1	3	4	11	−14	−17
Operating lease liabilities	−7	−6	−5	−5	−8
Accounts payable and accrued expenses	−32	5	3	65	103
Income taxes, net	−18	5	−1	4	—
Net cash provided by operating activities	215	188	106	73	120
Purchases of short-term investments	−162	−206	−221	−1	−56
Proceeds from sale of short-term investments	149	184	282	896,000	—
Purchase of property, equipment and leasehold improvements	−24	−5	−6	−34	−141
Payment for intangible assets acquired	−24	−18	−47	−57	−2
Net cash (used in) provided by investing activities	−61	−45	7	−91	−188
Proceeds from loans payable, bank	0	4	4	0	—
Proceeds from issuance of long-term debt	57	43	0	52	157
Repayment of long-term debt	−50	−35	−29	−20	−43
Proceeds from exercise of options	8	7	8	6	5
Purchase of subsidiary shares from noncontrolling interests	−2	0	−1	−4	—
Dividends paid	−103	−96	−80	−64	−32
Dividends paid to noncontrolling interests	−27	−25	−20	−16	−10
Purchase of treasury stock	−14	0	−15	0	—
Net cash used in financing activities	−131	−101	−133	−46	78
Effect of exchange rate changes on cash	10	−5	4	−493,000	−11
Net increase (decrease) in cash and cash equivalents	33	37	−16	−64	−1
Interest	7	7	6	3	2
Income taxes	78	63	61	38	—

Filings

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