Leslie's, Inc.

Listed Company

LESLCIK 0001821806NasdaqAcceleratedSmaller ReportingRetail-Retail Stores, NecDelawareFY ends Oct 4

Period

FY 2025

Revenue

$1.24B

Net Income

$-236.97M

Total Assets

$741.48M

Equity

$-407.99M

Shares Out

9.32M

Op. Cash Flow

$8.82M

Business

Leslie’s, Inc. operates as a leading direct-to-consumer retailer and service provider in the aftermarket pool and spa care industry, serving residential customers, pool professionals, and commercial operators. It offers a comprehensive assortment of more than 25,000 products—chemicals, equipment, parts, cleaning and maintenance items, safety and recreational products—along with manufacturer-certified installation, repair, weekly maintenance services, and proprietary water-testing solutions like AccuBlue® and AccuBlue Home®. The company’s key operations include retail stores under the Leslie’s and In The Swim® brands, wholesale parts distribution, manufacturing and packaging facilities, and field service technicians. Leslie’s serves the continental United States through an omnichannel model of over 1,000 physical locations, e-commerce websites, mobile apps, online marketplaces, and a hub-and-spoke distribution network with same-day and BOPIS fulfillment options.

Summary from filing dated 2025-12-18

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-09-30	FY 2024 2024-09-30	FY 2023 2023-09-30	FY 2022 2022-09-30	FY 2021 2021-09-30
Sales	1,242	1,330	1,451	1,562	1,343
Cost of merchandise and services sold	802	853	903	888	748
Gross profit	440	477	548	674	595
Selling, general and administrative expenses	426	420	446	435	386
Impairment	184	0	0	—	—
Operating (loss) income	−170	57	102	239	209
Interest expense	63	70	65	30	34
Net (loss) income before taxes	−233	−13	37	208	163
Income tax expense	4	10	9	49	36
Net (loss) income	−237	−23	27	159	127
Basic (per share)	−25.57	−2.53	2.96	0.86	0.68
Diluted (per share)	−25.57	−2.53	2.95	0.85	0.67
Basic (shares)	9	9	9	184	185
Diluted (shares)	9	9	9	186	190

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-09-30	FY 2024 2024-09-30	FY 2023 2023-09-30	FY 2022 2022-09-30	FY 2021 2021-09-30
Cash and cash equivalents	64	109	55	112	343
Accounts and other receivables, net	23	45	29	45	39
Inventories, net	208	234	312	362	199
Prepaid expenses and other current assets	33	34	24	23	21
Total current assets	329	422	420	542	602
Property and equipment, net	93	98	90	78	70
Operating lease right-of-use assets	253	270	251	236	212
Goodwill and other intangibles, net	31	215	219	214	129
Deferred tax assets	0	4	8	1	4
Other assets	36	40	46	38	25
Total assets	741	1,050	1,034	1,110	1,042
Accounts payable	52	68	59	—	—
Accrued expenses and other current liabilities	82	107	91	—	—
Operating lease liabilities	75	63	63	60	61
Income taxes payable	0	1	6	13	7
Current portion of long-term debt	0	8	8	8	8
Total current liabilities	209	247	226	348	310
Deferred tax liabilities	287,000	0	—	—	—
Operating lease liabilities, noncurrent	185	209	193	180	160
Long-term debt, net	752	769	773	780	786
Other long-term liabilities	3	2	3	65,000	4
Total liabilities	1,149	1,227	1,196	1,308	1,260
Commitments and contingencies	—	—	—	—	—
Common stock, $0.001 par value, 50,000,000 shares authorized and 9,290,311 and 9,248,464 issued and outstanding as of October 4, 2025 and September 28, 2024.	9,000	9,000	184,000	183,000	190,000
Additional paid in capital	113	107	99	90	205
Retained deficit	−521	−284	−261	−288	−422
Total stockholders deficit	−408	−177	−161	−198	−218
Total liabilities and stockholders deficit	741	1,050	1,034	1,110	1,042

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-09-30	FY 2024 2024-09-30	FY 2023 2023-09-30	FY 2022 2022-09-30	FY 2021 2021-09-30
Net (loss) income	−237	−23	27	159	127
Depreciation and amortization	33	33	34	31	27
Equity-based compensation	6	9	12	11	24
Amortization of deferred financing costs and debt discounts	2	2	2	2	2
Provision for credit losses	−1	1	193,000	—	—
Deferred income taxes	4	3	−6	2	3
Loss on asset dispositions	192,000	464,000	6	466,000	−2
Accounts and other receivables	24	−19	16	−8	−9
Inventories	26	86	54	−143	−48
Prepaid expenses and other current assets	2	−1	−3	−1	3
Other assets	3	7	−10	−13	−11
Accounts payable	−16	2	−98	55	—
Accrued expenses	−23	5	−22	−32	—
Income taxes payable	−1	−5	−7	6	5
Operating lease assets and liabilities, net	2	6	825,000	−5	2
Net cash provided by operating activities	9	107	6	67	169
Purchases of property and equipment	−25	−47	−39	−32	−29
Business acquisitions, net of cash acquired	0	0	−16	−108	−9
Proceeds from asset dispositions	141,000	81,000	2	408,000	2
Net cash used in investing activities	−25	−47	−53	−139	−35
Borrowings on Revolving Credit Facility	160	141	264	45	0
Payments on Revolving Credit Facility	−160	−141	−264	−45	0
Repayment of long-term debt	−27	−6	−8	−8	−396
Payment on finance lease	−536,000	−145,000	−347,000	0	—
Payments of employee tax withholdings related to restricted stock vesting	−76,000	−998,000	−2	0	0
Net cash used in financing activities	−28	−7	−11	−159	54
Net (decrease) increase in cash and cash equivalents	−44	53	−57	−231	188
Interest	65	63	63	33	36
Income taxes, net of refunds received	3	11	23	41	29

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