Holley Inc. Segments Disclosure
| For the years ended December 31, | |||||||||||
| 2025 | 2024 | ||||||||||
| Net sales | $ | 613,514 | $ | 602,224 | |||||||
| Cost of goods sold | 347,279 | 363,680 | |||||||||
| Gross profit | 266,235 | 238,544 | |||||||||
| Selling, general, and administrative | 146,132 | 132,149 | |||||||||
| Research and development costs | 18,831 | 18,710 | |||||||||
| Amortization of intangible assets | 13,778 | 13,884 | |||||||||
| Impairment of indefinite-lived intangible assets | — | 7,695 | |||||||||
| Impairment of goodwill | — | 40,906 | |||||||||
| Restructuring costs | 2,903 | 1,566 | |||||||||
| Loss on sale of assets | — | 9,234 | |||||||||
| Other operating expense | 2,110 | (268) | |||||||||
| Total operating expense | 183,754 | 223,876 | |||||||||
| Operating income | 82,481 | 14,668 | |||||||||
| Change in fair value of warrant liability | 1,211 | (7,570) | |||||||||
| Change in fair value of earn-out liability | 897 | (2,333) | |||||||||
| Loss (gain) on early extinguishment of debt | (93) | 141 | |||||||||
| Interest expense, net | 51,833 | 50,690 | |||||||||
| Total non-operating expense | 53,848 | 40,928 | |||||||||
| Income (loss) before income taxes | 28,633 | (26,260) | |||||||||
| Income tax expense (benefit) | 9,458 | (3,025) | |||||||||
| Net income (loss) | $ | 19,175 | $ | (23,235) | |||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Mar 16, 2026 | Showing above |
| 2024 | Mar 14, 2025 | |
About Segments Disclosures
Segment disclosures break a company into its reportable operating units, revealing revenue, profit, and asset allocation that consolidated financial statements obscure. Under ASC 280, segments must match how the chief operating decision maker views the business, providing a window into internal management structure and resource allocation priorities.
Key signals: compare segment margins to identify which units drive profitability and which destroy value. Watch for changes in the number of reportable segments — segment aggregation or disaggregation often coincides with strategic shifts or attempts to obscure declining performance. Intersegment elimination patterns reveal internal pricing practices. The reconciliation between segment totals and consolidated figures exposes corporate overhead allocation and unallocated items. Geographic revenue concentration highlights regulatory and currency exposure. Compare segment-level capital expenditure against segment revenue to assess where management is investing for future growth versus harvesting existing assets.