Holley Inc.
Business
Holley Inc. designs, manufactures, and distributes high-performance automotive aftermarket products to enthusiasts in the United States, Canada, and Europe. The company offers carburetors, fuel injection systems, exhaust products, ignition components, superchargers, transmissions, tuners, and related performance parts across multiple vehicle platforms. Holley operates through a portfolio of over 65 brands including Holley, Holley EFI, MSD, Flowmaster, and Simpson, serving four consumer verticals: American Performance, Modern Truck & Off-Road, Euro & Import, and Safety & Racing. Products are distributed via direct-to-consumer e-commerce, e-tailers, warehouse distributors, traditional retailers, and jobber/installer channels.
Summary from 10-K filed 2026-03-16
Financials
Consolidated Statement of Income
| Concept | Trend | 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 | 614 | 602 | 660 | 688 | 693 | |
| Cost of goods sold | 347 | 364 | 404 | 435 | 406 | |
| Gross profit | 266 | 239 | 256 | 254 | 287 | |
| Selling, general, and administrative | 146 | 132 | 120 | 151 | 117 | |
| Research and development costs | 19 | 19 | 24 | 29 | 28 | |
| Amortization of intangible assets | 14 | 14 | 15 | 15 | 14 | |
| Impairment of indefinite-lived intangible assets | 0 | 8 | 0 | 2 | 0 | |
| Impairment of goodwill | 0 | 41 | 0 | 0 | — | |
| Restructuring costs | 3 | 2 | — | — | — | |
| Loss on sale of assets | 0 | 9 | — | — | — | |
| Other operating expense (income) | 2 | −268,000 | 765,000 | 477,000 | 755,000 | |
| Total operating expense | 184 | 224 | 162 | 203 | 209 | |
| Operating income | 82 | 15 | 94 | 51 | 78 | |
| Change in fair value of warrant liability | 1 | −8 | 4 | −57 | 33 | |
| Change in fair value of earn-out liability | 897,000 | −2 | 2 | −11 | 9 | |
| Loss (gain) on early extinguishment of debt | −93,000 | 141,000 | −701,000 | 0 | 14 | |
| Interest expense, net | −52 | −51 | −61 | −40 | — | |
| Total non-operating expense | 54 | 41 | 66 | −28 | 94 | |
| Income (loss) before income taxes | 29 | −26 | 28 | 78 | −17 | |
| Income tax expense (benefit) | 9 | −3 | 8 | 4 | 10 | |
| Net income (loss) | 19 | −23 | 19 | 74 | −27 | |
| Foreign currency translation adjustment | 1 | −452,000 | — | — | — | |
| Total other comprehensive income (loss) | 1 | −452,000 | 234,000 | −688,000 | 418,000 | |
| Total comprehensive income (loss) | 20 | −24 | 19 | 73 | −27 | |
| Weighted average common shares outstanding - basic (in shares) | 119 | 118 | 117 | 117 | 90 | |
| Weighted average common shares outstanding - diluted (in shares) | 120 | 118 | 119 | 117 | 90 | |
| Basic net income (loss) per share ((in usd per share)) | 0.16 | −0.2 | 0.16 | 0.63 | −0.3 | |
| Diluted net income (loss) per share (in usd per share) | 0.16 | −0.2 | 0.16 | 0.14 | −0.3 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2024 2024-09-30 | FY 2023 2023-12-31 | FY 2022 2022-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 37 | 56 | — | 41 | 26 | |
| Accounts receivable, less allowance for credit losses of $1,856 and $2,026, respectively | 58 | 36 | — | 48 | 47 | |
| Inventory | 206 | 193 | — | 192 | 234 | |
| Prepaids and other current assets | 15 | 13 | — | 16 | 18 | |
| Total current assets | 316 | 297 | — | 297 | 325 | |
| Property, plant, and equipment, net | 45 | 41 | — | 47 | 52 | |
| Goodwill | 372 | 372 | 413 | 419 | 418 | |
| Other intangibles assets, net | 397 | 387 | — | 410 | 425 | |
| Right-of-use assets | 33 | 36 | — | 29 | 30 | |
| Total assets | 1,164 | 1,133 | — | 1,203 | 1,250 | |
| Accounts payable | 60 | 45 | — | 44 | 45 | |
| Accrued liabilities | 48 | 43 | — | 42 | 43 | |
| Accrued interest | 115,000 | 0 | — | 455,000 | 6 | |
| Current portion of long-term debt | 7 | 7 | — | — | — | |
| Total current liabilities | 115 | 95 | — | 94 | 101 | |
| Long-term debt, net of current portion | 516 | 545 | — | 577 | 644 | |
| Warrant liability | 2 | 813,000 | — | 8 | 4 | |
| Earn-out liability | 2 | 1 | — | 3 | 1 | |
| Deferred taxes | 47 | 37 | — | 54 | 58 | |
| Other noncurrent liabilities | 33 | 32 | — | 26 | 25 | |
| Total liabilities | 715 | 712 | — | 762 | 834 | |
| "Commitments and contingencies (Refer to Note 18 - ""Commitments and Contingencies"")" | — | — | — | — | — | |
| Preferred stock, $0.0001 par value, 5,000,000 shares authorized, none issued and outstanding on December 31, 2024 and December 31, 2023 | 0 | 0 | — | 0 | 0 | |
| Common stock, $0.0001 par value, 550,000,000 shares authorized, 118,748,697 and 117,707,280 shares issued and outstanding on December 31, 2024 and December 31, 2023, respectively | 12,000 | 12,000 | — | 12,000 | 12,000 | |
| Additional paid-in capital | 385 | 378 | — | 374 | 368 | |
| Accumulated other comprehensive gain (loss) | 120,000 | −1 | — | −710,000 | −944,000 | |
| Retained earnings | 64 | 45 | — | 68 | 49 | |
| Total stockholders' equity | 449 | 421 | — | 441 | 416 | |
| Total liabilities and stockholders' equity | 1,164 | 1,133 | — | 1,203 | 1,250 |
Consolidated Statement of Cash Flows
| Concept | Trend | 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 | 10 | 11 | 10 | 10 | 12 | |
| Amortization of deferred loan costs | 2 | 2 | 2 | 2 | 3 | |
| Amortization of right of use assets | 5 | 5 | 5 | 6 | 0 | |
| Fair value adjustments to interest rate collar | 3 | −1 | 1 | 0 | 0 | |
| Equity compensation | 8 | 5 | 7 | 24 | 5 | |
| Change in deferred taxes | 9 | −16 | −5 | −12 | −66,000 | |
| Loss on sale of assets | 0 | 9 | 0 | 1 | 0 | |
| Loss (gain) on disposal of property, plant and equipment | 722,000 | −568,000 | −192,000 | 253,000 | −82,000 | |
| Provision for inventory reserves | 4 | 11 | 2 | 13 | 4 | |
| Provision for credit losses | 362,000 | 1 | 1 | 878,000 | 147,000 | |
| Accounts receivable | −21 | 11 | −2 | 4 | 464,000 | |
| Inventories | −17 | −17 | 38 | −58 | −45 | |
| Prepaids and other current assets | −6 | 3 | — | — | — | |
| Accounts payable | 13 | 1 | −2 | −740,000 | 9 | |
| Accrued interest | 115,000 | −455,000 | −6 | 3 | −3 | |
| Accrued and other liabilities | 105,000 | −7 | −6 | −5 | 8 | |
| Net cash provided by operating activities | 46 | 47 | 88 | 12 | 22 | |
| Capital expenditures | −12 | −7 | −6 | −14 | −15 | |
| Acquisition of license agreement | −20 | 0 | — | 0 | 0 | |
| Proceeds from the disposal of fixed assets | 322,000 | 2 | — | — | — | |
| Proceeds from sale of business | 0 | 7 | 0 | 2 | 0 | |
| Net cash (used in) provided by investing activities | −32 | 2 | −4 | −25 | −134 | |
| Deferred financing fees | 343,000 | −679,000 | — | — | — | |
| Payments from stock-based award activities | −847,000 | −1 | −2 | −1 | 0 | |
| Borrowings under revolving credit facility | 10 | 0 | — | — | — | |
| Repayment of borrowings under revolving credit facility | −10 | 0 | — | — | — | |
| Net cash used in financing activities | −33 | −35 | −69 | 3 | 77 | |
| Effect of foreign currency rate fluctuations on cash | −235,000 | 691,000 | 300,000 | −300,000 | 0 | |
| Net change in cash and cash equivalents | −19 | 15 | 15 | −10 | −35 | |
| Cash paid for interest | 47 | 52 | 65 | 37 | 38 | |
| Income Taxes Paid, Net | 10 | 11 | 16 | 7 | 11 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is Holley Inc.'s CIK number?
Holley Inc.'s SEC CIK number is 0001822928 (1822928). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find Holley Inc.'s SEC filings?
All of Holley Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did Holley Inc. last report earnings?
Holley Inc. (HLLY) most recently filed an earnings 8-K with the SEC on May 6, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001822928-26-000018). This is Holley Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is Holley Inc.'s most recent earnings 8-K?
Holley Inc.'s latest earnings 8-K (Item 2.02) was filed May 6, 2026 under accession 0001822928-26-000018. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View Holley Inc.'s latest earnings 8-K →
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