A.K.A. BRANDS HOLDING CORP.

Listed Company

AKACIK 0001865107NYSEEmerging GrowthRetail-Catalog & Mail-Order HousesFY ends Dec 31

Period

FY 2025

Revenue

$600.21M

Net Income

$-31.43M

Total Assets

$397.38M

Equity

$97.77M

Shares Out

10.82M

Op. Cash Flow

$16.44M

Business

A.K.A. BRANDS HOLDING CORP. operates a portfolio of global fashion brands focused on next-generation consumers who primarily shop online. It offers trend-driven apparel, footwear and accessories through owned brands including Princess Polly, Petal & Pup, Culture Kings and mnml, plus branded and third-party streetwear assortments, influencer-led marketing and omnichannel retail experiences. The company organizes its business by brand-level operating units that share centralized technology, sourcing and operational resources. Its products are distributed mainly via direct-to-consumer e-commerce, branded stores and selected wholesale and marketplace partners across the U.S., Australia/New Zealand and international markets.

Summary from filing dated 2025-03-06

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	600	575	546	612	562
Cost of sales	256	247	246	274	255
Gross profit	344	328	300	337	308
Selling	178	162	149	166	144
Marketing	74	75	69	67	58
General and administrative	110	101	97	103	89
Goodwill impairment	0	0	69	174	0
Total operating expenses	362	338	384	509	291
Loss from operations	−18	−10	−83	−172	16
Interest expense	−10	−10	−11	−7	—
Other expense	−1	−1	−2	−2	−1
Total other expense, net	−11	−11	−14	−9	−22
Loss before income taxes	−29	−22	−97	—	—
Provision for income tax	−2	−4	−2	4	−852,000
Net loss	−31	−26	−99	−177	−6
Net loss per share, basic (in dollars per share)	−2.93	−2.46	−9.24	−16.47	−0.77
Net loss per share, diluted (in dollars per share)	−2.93	−2.46	−9.24	−16.47	−0.77
Weighted average shares outstanding, basic (in shares)	11	11	11	11	8
Weighted average shares outstanding, diluted (in shares)	11	11	11	11	8

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2024 2024-10-31	FY 2023 2023-12-31	FY 2022 2022-12-31
Cash and cash equivalents	20	24	—	22	46
Accounts receivable, net	11	8	—	5	3
Inventory	86	96	—	91	127
Prepaid expenses and other current assets	12	17	—	18	13
Total current assets	129	145	—	136	198
Property and equipment, net	39	31	—	27	29
Operating lease right-of-use assets	89	65	—	37	37
Intangible assets, net	43	52	—	64	76
Goodwill	94	89	30	95	168
Deferred tax assets	8,000	47,000	—	2	1
Other assets	3	2	—	618,000	853,000
Total assets	397	385	—	362	510
Accounts payable	31	30	—	28	21
Accrued liabilities	34	31	—	25	40
Sales returns reserve	8	8	—	10	4
Deferred revenue	13	12	—	12	11
Income taxes payable	243,000	1	—	257,000	0
Operating lease liabilities, current	13	8	—	8	7
Current portion of long-term debt	6	6	—	3	6
Total current liabilities	105	97	—	86	88
Long-term debt	105	105	—	90	138
Operating lease liabilities	88	63	—	35	34
Other long-term liabilities	2	2	—	2	1
Total liabilities	300	268	—	213	263
Commitments and contingencies (Note 15)	—	—	—	—	—
Preferred stock, $0.001 par value; 50,000,000 shares authorized; zero shares issued or outstanding as of December 31, 2025 and 2024, respectively	0	0	—	0	0
Common stock, $0.001 par value; 500,000,000 shares authorized; 10,770,721 and 10,669,649 shares issued and outstanding as of December 31, 2025 and 2024, respectively	128,000	128,000	—	128,000	129,000
Additional paid-in capital	476	472	—	466	461
Accumulated other comprehensive loss	−54	−61	—	−50	−45
Accumulated deficit	−325	−293	—	−267	−169
Total stockholders equity	98	118	—	149	247
Total liabilities and stockholders equity	397	385	—	362	510

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 expense	8	7	8	6	3
Amortization expense	9	11	12	14	14
Amortization of debt issuance costs	761,000	597,000	624,000	647,000	607,000
Lease incentives	4	0	2	2	361,000
Loss on disposal of businesses	600,000	673,000	2	0	0
Non-cash operating lease expense	14	9	8	10	6
Equity-based compensation	7	8	8	7	8
Deferred income taxes, net	41,000	2	−745,000	−4	−12
Accounts receivable, net	−2	−3	−1	−602,000	−858,000
Inventory	12	−11	32	−16	−32
Prepaid expenses and other current assets	4	2	−3	6	−12
Accounts payable	811,000	2	8	−2	6
Income taxes payable	−802,000	778,000	6	−2	−9
Accrued liabilities	2	7	−14	−7	27
Sales returns reserve	220,000	−2	6	−3	—
Deferred revenue	202,000	856,000	522,000	267,000	7
Lease liabilities	−12	−8	−8	−8	−6
Net cash provided by operating activities	16	669,000	33	−319,000	24
Purchases of intangible assets	0	−2,000	−61,000	−247,000	−841,000
Purchases of property and equipment	−17	−12	−6	−20	−8
Net cash used in investing activities	−17	−12	−6	−25	−278
Payments of debt issuance costs	−1	0	0	−121,000	—
Proceeds from line of credit	41	50	12	40	34
Repayment of line of credit	−36	−26	−52	0	−42
Proceeds from issuance of debt, net of issuance costs	14	0	0	—	—
Repayment of debt	−19	−5	−11	−6	−156
Taxes paid related to net share settlement of equity awards	−944,000	−1	−191,000	−104,000	0
Proceeds from issuances under equity-based compensation plans	237,000	224,000	162,000	227,000	0
Repurchase of shares	−2	−2	−2	0	0
Net cash (used in) provided by financing activities	−4	16	−53	33	270
Effect of exchange rate changes on cash, cash equivalents and restricted cash	1	−2	1	−272,000	−2
Net change in cash, cash equivalents and restricted cash	−4	2	−24	7	14
Interest paid	8	10	11	6	8
Income tax paid (refund received), net	3	2	−4	2	21
Right-of-use asset additions under operating leases	30	39	8	22	4
Property and equipment expenditures included in accounts payable and accrued liabilities	239,000	773,000	70,000	539,000	1

Filings

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