SharkNinja, Inc.

Listed Company

SNCIK 0001957132NYSELarge AcceleratedHousehold AppliancesE9FY ends Dec 31

Period

FY 2025

Revenue

$6.40B

Net Income

$701.37M

Total Assets

$5.35B

Equity

$2.68B

Shares Out

141.24M

Op. Cash Flow

$634.13M

Business

SharkNinja, Inc. is a global product design and technology company that develops and markets innovative small household appliances under the Shark and Ninja brands. It offers products across Cleaning, Cooking and Beverage, Food Preparation and Other (including Home Environment and Beauty) categories. The company organizes around product development and engineering, supply chain and manufacturing partnerships, omni-channel marketing and a global sales organization to support category leadership and rapid product iteration. SharkNinja sells in North America, the United Kingdom, the European Union and other international markets through major retailers, e-commerce, DTC and 3PL distribution channels.

Summary from filing dated 2025-03-31

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
Net sales	6,399	5,529	4,254
Cost of sales	3,263	2,867	2,346
Gross profit	3,136	2,662	1,908
Research and development	368	341	249
Sales and marketing	1,458	1,243	898
General and administrative	390	433	387
Total operating expenses	2,216	2,018	1,534
Operating income	920	644	374
Interest expense, net	−49	−64	−45
Other income (expense), net	29	−8	−35
Income before income taxes	900	572	293
Provision for income taxes	199	134	126
Net income	701	439	167
Net income per share, basic (in dollars per share)	4.97	3.14	1.2
Net income per share, diluted (in dollars per share)	4.94	3.11	1.2
Weighted-average number of shares used in computing net income per share, basic (in shares)	141	140	139
Weighted-average number of shares used in computing net income per share, diluted (in shares)	142	141	139

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
Cash and cash equivalents	777	364	—	—
Accounts receivable, net	1,667	1,267	—	—
Inventories	1,002	900	—	—
Prepaid expenses and other current assets	165	114	—	—
Total current assets	3,611	2,644	—	—
Property and equipment, net	232	211	—	—
Operating lease right-of-use assets	142	146	—	—
Intangible assets, net	451	463	—	—
Goodwill	835	835	834	—
Deferred tax assets	11	43	—	—
Other assets, noncurrent	67	52	—	—
Total assets	5,349	4,394	—	—
Accounts payable	680	612	—	—
Accrued expenses and other current liabilities	1,017	842	—	—
Tax payable	38	37	—	—
Debt, current	39	39	—	—
Total current liabilities	1,774	1,529	—	—
Debt, noncurrent	697	736	—	—
Operating lease liabilities, noncurrent	141	145	—	—
Deferred tax liabilities	16	10	—	—
Other liabilities, noncurrent	46	37	—	—
Total liabilities	2,673	2,458	—	—
Commitments and contingencies (Note 11)	—	—	—	—
Ordinary shares, $0.0001 par value per share, 1,000,000,000 shares authorized; 141,158,026 and 140,347,436 shares issued and outstanding as of December 31, 2025 and 2024, respectively	14,000	14,000	—	—
Additional paid-in capital	1,046	1,038	—	—
Retained earnings	1,610	909	—	—
Accumulated other comprehensive income (loss)	20	−11	—	—
Total shareholders equity	2,676	1,936	1,479	1,828
Total liabilities and shareholders equity	5,349	4,394	—	—

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
Depreciation and amortization	140	123	104
Share-based compensation	44	85	47
Shareholder-funded executive bonuses	0	0	32
Provision for credit losses	5	5	4
Provision for excess and obsolete inventory	10	0	0
Non-cash lease expense	20	19	15
Deferred income taxes, net	39	−47	−42
Other	9	886,000	8
Accounts receivable	−350	−299	−230
Inventories	−87	−205	−156
Prepaid expenses and other assets	−84	−58	99
Accounts payable	38	157	148
Tax payable	2	16	19
Operating lease liabilities	−15	−10	−14
Accrued expenses and other liabilities	163	222	79
Net cash provided by operating activities	634	447	281
Purchase of property and equipment	−146	−138	−123
Purchase of intangible asset	−12	−10	−8
Capitalized internal-use software development	−1	−4	−563,000
Cash receipts on beneficial interest in sold receivables	0	0	17
Other investing activities, net	0	0	−3
Net cash used in investing activities	−160	−151	−118
Net ordinary shares withheld for taxes upon issuance of restricted share units	−51	−61	−4
Repayment of debt	−41	−25	−443
Proceeds from shares issued under employee share purchase plan	15	5	0
Proceeds from issuance of debt, net of issuance cost	0	0	801
Distribution paid to Former Parent	0	0	−435
Recharge from Former Parent for share-based compensation	0	0	−3
Dividend payments	0	0	−150
Net cash used in financing activities	−77	−81	−235
Effect of exchange rates changes on cash	16	−5	8
Net increase (decrease) in cash and cash equivalents	414	210	−65
Cash paid for income taxes	149	191	141
Cash paid for interest	51	65	51
Purchase of property and equipment accrued and not yet paid	10	4	548,000
Cancellation of related party note through distribution	0	0	−8
Unrealized gain (loss) on cash flow hedges	8	−6	−2

Filings

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