CIMPRESS plc

Listed Company

CMPRCIK 0001262976NasdaqLarge AcceleratedCommercial PrintingL2FY ends Jun 30

Period

FY 2025

Revenue

$3.40B

Net Income

$14.95M

Total Assets

$1.97B

Equity

$-583.49M

Shares Out

24.29M

Op. Cash Flow

$298.07M

Business

CIMPRESS plc operates a decentralized group of businesses that specialize in print mass customization, producing large volumes of individually small customized orders with software-driven efficiency. It offers a broad assortment of customizable printed and promotional products and related services, including marketing materials, business cards, signage, apparel, packaging, books, wall decor, photo merchandise, invitations, design and digital marketing services. The company organizes operations into reportable segments including Vista, PrintBrothers, The Print Group, National Pen and an All Other Businesses category. Its businesses serve customers primarily via e-commerce websites and third-party fulfillers across North America, Western Europe, Australia, New Zealand, and select markets such as India and Brazil.

Summary from filing dated 2025-08-08

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-06-30	FY 2024 2024-06-30	FY 2023 2023-06-30	FY 2022 2022-06-30	FY 2021 2021-06-30
Revenue	3,403	3,292	3,080	2,888	2,576
Cost of revenue	1,786	1,695	1,641	1,493	1,300
Technology and development expense	334	322	302	293	253
Marketing and selling expense	814	790	774	789	648
General and administrative expense	219	206	209	197	196
Amortization of acquired intangible assets	19	31	47	54	54
Restructuring-related charges	6	423,000	44	14	2
Impairment of goodwill	0	0	6	0	0
Income from operations	226	247	57	47	124
Other (expense) income, net	−14	2	18	61	−19
Interest expense, net	−115	−120	−113	−99	−119
Loss (gain) on early extinguishment of debt	−498,000	−666,000	7	0	−48
Income (loss) before income taxes	−97	−128	30	9	−64
Income tax expense (benefit)	84	−49	155	60	19
Net income (loss)	13	178	−186	−51	−82
Add: Net loss (income) attributable to noncontrolling interests	2	−4	−263,000	−4	−3
Net income (loss) attributable to Cimpress plc	15	174	−186	−54	−85
Basic net income (loss) per share attributable to Cimpress plc	0.6	6.64	−7.08	−2.08	−3.28
Diluted net income (loss) per share attributable to Cimpress plc	0.58	6.43	−7.08	−2.08	−3.28
Weighted average shares outstanding basic	25	26	26	26	26
Weighted average shares outstanding diluted	26	27	26	26	26

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-06-30	FY 2024 2024-06-30	FY 2023 2023-06-30	FY 2022 2022-06-30	FY 2021 2021-06-30
Cash and Cash Equivalent	234	204	130	277	183
Marketable Securities, Current	0	5	39	50	152
Accounts receivable, net of allowances of $7,957 and $7,219, respectively	68	65	67	64	51
Inventory	113	97	108	127	70
Prepaid expenses and other current assets	87	88	97	109	73
Total current assets	503	458	441	626	528
Property, plant and equipment, net	302	265	288	287	329
Operating lease assets, net	84	79	77	81	88
Software and website development costs, net	105	92	95	90	88
Deferred tax assets	61	95	13	113	150
Goodwill	826	787	782	767	727
Intangible assets, net	58	77	109	155	187
Other assets	29	39	46	49	36
Total assets	1,968	1,892	1,855	2,168	2,182
Accounts payable	332	327	286	314	200
Accrued expenses	304	246	257	254	248
Deferred revenue	48	46	45	59	51
Short-term debt	9	12	11	10	10
Operating lease liabilities, current	22	20	23	28	27
Other current liabilities	43	13	24	28	104
Total current liabilities	759	664	645	693	638
Deferred tax liabilities	23	25	47	41	27
Long-term debt	1,576	1,592	1,627	1,676	1,733
Operating lease liabilities, non-current	66	62	57	57	66
Other liabilities	107	76	90	64	96
Total liabilities	2,532	2,419	2,467	2,531	2,561
Redeemable noncontrolling interests (Note 13)	19	23	11	131	71
Preferred shares, par value	0.01	0.01	0.01	0.01	0.01
Preferred shares, shares authorized	100	100	100	100	100
Common Stock, Value per Share	0.01	0.01	—	—	—
Ordinary shares, shares authorized	100	100	100	100	100
Ordinary shares, shares issued	42	43	44	44	44
Common Stock, Shares, Outstanding	24	25	26	26	26
Ordinary shares, nominal value 0.01 per share, 100,000,000 shares authorized; 42,448,572 and 43,051,269 shares issued, respectively; 24,477,325 and 25,080,022 shares outstanding, respectively	597,000	604,000	615,000	615,000	615,000
Treasury Stock, Shares	18	18	18	18	—
Treasury shares, at cost, 17,971,247 shares for both periods presented	−1,364	−1,364	−1,364	−1,364	−1,369
Additional paid-in capital	592	570	539	501	460
Retained earnings	225	273	235	414	530
Accumulated other comprehensive loss	−38	−30	−35	−47	−71
Total shareholders deficit attributable to Cimpress plc	−583	−550	−623	−495	−449
Noncontrolling Interest	987,000	634,000	459,000	—	—
Total shareholders' deficit	−583	−550	−623	−495	—
Total liabilities, noncontrolling interests and shareholders deficit	1,968	1,892	1,855	2,168	2,182

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-06-30	FY 2024 2024-06-30	FY 2023 2023-06-30	FY 2022 2022-06-30	FY 2021 2021-06-30
Depreciation and amortization	141	152	162	176	173
Share-based compensation expense	59	66	42	—	—
Impairment of goodwill	0	0	6	0	0
Deferred taxes	42	−94	115	23	−10
Loss (gain) on early extinguishment of debt noncash adjustment	123,000	515,000	−7	—	—
Unrealized loss (gain) on derivatives not designated as hedging instruments included in net income	38	−5	34	−40	17
Effect of exchange rate changes on monetary assets and liabilities denominated in non-functional currency	−25	116,000	−12	537,000	240,000
Other non-cash items	11	2	13	−14	−7
Accounts receivable	4	161,000	−4	−18	−11
Inventory	−7	12	11	−44	16
Prepaid expenses and other assets	8	16	2	−6	−3
Accounts payable	−19	39	−29	110	29
Accrued expenses and other liabilities	34	−14	−18	34	23
Net cash provided by operating activities	298	351	130	220	265
Purchases of property, plant and equipment	−89	−55	−54	−54	−39
Proceeds from the sale of subsidiaries, net of transaction costs and cash divested	0	0	−4	0	0
Business acquisitions, net of cash acquired	−658,000	−4	−498,000	75	53
Capitalization of software and website development costs	−64	−58	−58	−65	−61
Proceeds from the sale of assets	3	24	5	38	6
Purchases of marketable securities	0	0	−84	—	204
Proceeds from maturity of held-to-maturity investments	5	39	92	151	—
Proceeds from the settlement of derivatives designated as hedging instruments	5	0	0	−2	−3
Other investing activities	0	0	−277,000	−617,000	−269,000
Net cash used in investing activities	−141	−55	−104	−4	−354
Proceeds from issuance of senior notes	525	0	0	0	0
Payments for early redemption or purchase of 7.0% Senior Notes due 2026	−522	−24	−45	—	—
Proceeds from borrowings of debt	42	206	48	0	666
Payments of debt	−58	−220	−61	−15	−1,243
Payments of debt issuance costs	−12	−2	−51,000	−1	−12
Payments of purchase consideration included in acquisition-date fair value	0	0	7	44	1
Payments of withholding taxes in connection with equity awards	−22	−16	−4	−3	−6
Payments of finance lease obligations	−8	−10	−8	−38	−8
Purchase of noncontrolling interests	4	65,000	96	2	5
Purchase of ordinary shares	−78	−157	0	0	0
Distributions to noncontrolling interests	−821,000	−549,000	−4	4	5
Other financing activities	88,000	0	−285,000	−112,000	−684,000
Net cash used in financing activities	−136	−223	−177	−107	224
Effect of exchange rate changes on cash	9	−94,000	4	−15	3
Net increase (decrease) in cash and cash equivalents	30	73	−147	94	138
Interest Paid, Excluding Capitalized Interest, Operating Activity	110	132	114	98	117
Interest Received, Operating Activities	12	14	11	3	2
Income Taxes (Received) Paid	33	49	31	33	28
Payments to Acquire Equipment on Lease	3	5	20	7	7
Capital Expenditures Incurred but Not yet Paid	11	10	9	13	4
Capitalized Software Development Costs Incurred but Not yet Paid	402,000	125,000	185,000	124,000	3

Filings

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