LIFETIME BRANDS, INC

Listed Company

LCUTCIK 0000874396NasdaqAcceleratedSmaller ReportingCutlery, Handtools & General HardwareDelawareFY ends Dec 31

Period

FY 2025

Revenue

$647.93M

Net Income

$-26.94M

Total Assets

$572.55M

Equity

$202.28M

Shares Out

22.65M

Op. Cash Flow

$7.61M

Business

LIFETIME BRANDS, INC designs, sources and sells branded kitchenware, tableware and other consumer home products. It offers kitchenware (kitchen tools, cutlery, cookware, bakeware, pantryware and related accessories), tableware (dinnerware, stemware, flatware and giftware) and Home Solutions (thermal beverageware, food storage, scales, travel products and home décor). The company operates through two reportable segments, U.S. and International, that design, market and distribute products to wholesale and direct customers. Its products are sold globally through mass merchants, specialty and department stores, warehouse clubs, grocery and off‑price retailers, foodservice distributors and e-commerce, with additional sales via company websites and third‑party distribution.

Summary from filing dated 2025-03-13

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	648	683	687	728	863
Cost of sales	407	422	432	467	560
Gross margin	241	261	255	260	303
Distribution expenses	74	74	69	75	81
Selling, general and administrative expenses	142	160	153	155	156
Goodwill impairment	33	0	0	—	—
Restructuring expenses	328,000	0	856,000	1	0
(Loss) income from operations	−9	27	32	24	51
Interest expense	−20	−22	−22	—	—
Mark to market loss on interest rate derivatives	−754,000	−466,000	−499,000	2	1
Gain on extinguishments of debt, net	0	0	761,000	—	—
Loss on equity securities	0	−14	0	0	—
(Loss) income before income taxes and equity in losses	−30	−10	10	9	36
Income tax benefit (provision)	3	−3	−6	−6	−17
Equity in losses, net of taxes	0	−2	−13	−9	962,000
NET LOSS	−27	−15	−8	−6	21
BASIC LOSS PER COMMON SHARE (usd per share)	−1.24	−0.71	−0.4	−0.29	0.97
DILUTED LOSS PER COMMON SHARE (usd per share)	−1.24	−0.71	−0.4	−0.29	0.94

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	4	3	16	24	28
Accounts receivable, less allowances of $11,970 at December 31, 2025 and $14,093 at December 31, 2024	162	157	155	141	175
Inventory	194	202	189	222	271
Prepaid expenses and other current assets	12	11	16	13	11
Income taxes receivable	2	0	—	—	—
TOTAL CURRENT ASSETS	374	374	376	400	485
PROPERTY AND EQUIPMENT, net	15	15	17	18	21
OPERATING LEASE RIGHT-OF-USE ASSETS	49	60	70	75	86
INTANGIBLE ASSETS, net	133	184	199	214	213
OTHER ASSETS	2	3	3	6	2
TOTAL ASSETS	573	634	667	726	829
Current maturity of term loan	5	5	—	—	—
Accounts payable	46	60	54	38	83
Accrued expenses	64	71	78	78	113
Income taxes payable	0	830,000	641,000	224,000	604,000
Current portion of operating lease liabilities	16	15	14	14	13
TOTAL CURRENT LIABILITIES	131	152	152	130	214
OTHER LONG-TERM LIABILITIES	14	16	9	15	12
INCOME TAXES PAYABLE, LONG-TERM	686,000	706,000	1	2	1
OPERATING LEASE LIABILITIES	42	57	70	76	91
DEFERRED INCOME TAXES	2	6	7	10	13
REVOLVING CREDIT FACILITY	54	43	60	10	0
TERM LOAN	126	131	136	243	242
Preferred stock, $1.00 par value, shares authorized: 100 shares of Series A and 2,000,000 shares of Series B; none issued and outstanding	0	0	0	0	0
Common stock, $0.01 par value, shares authorized: 50,000,000 at December 31, 2025 and 2024; shares issued and outstanding: 22,654,207 at December 31, 2025 and 22,155,735 at December 31, 2024	227,000	222,000	218,000	218,000	220,000
Paid-in capital	283	281	278	275	272
Accumulated deficit	−63	−33	−14	1	17
Accumulated other comprehensive loss	−18	−18	−33	−36	−34
TOTAL STOCKHOLDERS EQUITY	202	230	231	240	256
TOTAL LIABILITIES AND STOCKHOLDERS EQUITY	573	634	667	726	829

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	22	22	20	20	23
Amortization of financing costs	3	3	2	2	2
Gain on disposition of fixed assets	−94,000	0	0	—	—
Operating leases, net	−2	−2	−2	−1	−1
Provision for doubtful accounts	1	950,000	2	662,000	−5,000
Deferred income taxes	−4	−2	−2	−4	2
Stock compensation expense	3	4	4	4	5
Equity in losses, net of taxes	0	2	13	9	−807,000
Contingent consideration fair value adjustment	0	0	−650,000	0	0
Loss on equity securities	0	14	0	0	—
Accounts receivable	−5	−3	−15	34	−6
Inventory	11	−15	35	47	−68
Prepaid expenses, other current assets and other assets	−779,000	5	−2	−2	2
Accounts payable, accrued expenses and other liabilities	−25	4	11	−81	48
Income taxes receivable	−2	0	0	0	0
Income taxes payable	−879,000	−592,000	298,000	−216,000	−4
NET CASH PROVIDED BY OPERATING ACTIVITIES	8	19	56	24	37
Purchases of property and equipment	−4	−2	−3	−3	−4
Net proceeds from sale of property	94,000	0	0	—	—
NET CASH USED IN INVESTING ACTIVITIES	−4	−2	−3	−21	−1
Proceeds from revolving credit facility	318	268	162	—	—
Repayments of revolving credit facility	−309	−285	−114	—	—
Proceeds from Term Loan	0	0	56	—	—
Repayments of Term Loan	−8	−8	−150	—	—
Payment of financing costs	0	0	−10	1	0
Payments for finance lease obligations	−45,000	−45,000	−27,000	−32,000	−117,000
Payments of tax withholding for stock based compensation	−416,000	−1	−537,000	−1	−3
Payments for stock repurchase	0	0	−3	−6	0
Cash dividends paid	−4	−4	−4	−4	−4
NET CASH USED IN FINANCING ACTIVITIES	−2	−29	−61	−8	−44
Effect of foreign exchange on cash	203,000	−112,000	23,000	−155,000	161,000
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	1	−13	−7	−4	−8

Filings

Filing historySign up free to browse every 10-K, 10-Q, 8-K, and proxy this filer has submitted to the SEC.Sign up free · Upgrade to Pro

Material Events

Material EventsTrack every 8-K filing and material event — AI-summarized, timelined, and alertable.Sign up free · Upgrade to Pro

Insiders

Insider ActivitySee executive buy/sell windows and insider trade activity over rolling 30/90/365-day windows.Sign up free · Upgrade to Pro

Institutional Holders

Institutional HoldersSee which funds hold this stock and track position changes quarter over quarter.Sign up free · Upgrade to Pro