OLAPLEX HOLDINGS, INC.

Listed Company

OLPXCIK 0001868726NasdaqAcceleratedPerfumes, Cosmetics & Other Toilet PreparationsDelawareFY ends Dec 31

Period

FY 2025

Revenue

$422.96M

Net Income

—

Total Assets

—

Equity

—

Shares Out

672.04M

Op. Cash Flow

$58.66M

Business

OLAPLEX HOLDINGS, INC. is a health and beauty company that develops and commercializes patented haircare technologies and products inspired by professional hairstylists. It offers bond-building salon treatments and at‑home regimens, along with wash care, styling and in‑salon services that address hair repair, strength, moisture, frizz control and curl shaping. The company operates distinct professional, specialty retail and direct‑to‑consumer channels, including Pro-only salon treatments and consumer product lines. OLAPLEX distributes globally through distributors, retailers and e‑commerce platforms across major markets in the U.S., Europe and Asia.

Summary from filing dated 2025-03-04

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	423	423	458	704	598
Cost of product (excluding amortization)	119	121	131	177	117
Amortization of patented formulations	10	9	8	8	8
Total cost of sales	129	130	140	185	125
Gross profit	294	292	319	520	474
Selling, general, and administrative	243	182	169	114	99
Amortization of other intangible assets	44	44	41	41	41
Total operating expenses	287	225	210	155	140
Operating income	7	67	108	364	334
Interest expense	41	60	58	44	—
Interest income	−15	−25	−19	−3	—
Tax Receivable Agreement liability adjustment	−12	4	−7	3	4
Other (income) expense, net	−1	2	−220,000	2	−1
Total other (income) expense, net	−13	6	−8	18	3
(Loss) income before provision for income taxes	−6	27	77	305	276
Income tax provision	3	7	15	61	55
Net (loss) income	−9	20	62	244	221
Net (loss) income per share: Basic (in usd per share)	−0.01	0.03	0.09	0.38	0.34
Net (loss) income per share: Diluted (in usd per share)	−0.01	0.03	0.09	0.35	0.32
Weighted average common shares outstanding: Basic (in shares)	666	662	655	649	648
Weighted average common shares outstanding: Diluted (in shares)	666	665	678	691	690
Unrealized gain (loss) on derivatives, net of income tax effect	428,000	−2	−1	3	—
Total other comprehensive income (loss)	428,000	−2	−1	—	—
Comprehensive (loss) income	−9	17	60	247	221

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	FY 2021 2021-12-31
Cash and cash equivalents	319	586	466	323	186
Accounts receivable, net of allowances of $18,123 and $15,859	29	15	41	46	41
Inventory	60	75	96	144	98
Prepaid expenses and other current assets	62	14	10	—	—
Total current assets	470	690	613	522	335
Property and equipment, net	1	1	930,000	1	747,000
Intangible assets, net	848	900	948	995	1,043
Goodwill	168	168	168	168	168
Deferred tax assets	46,000	0	—	0	8
Other assets	10	9	10	11	5
Total assets	1,497	1,768	1,740	1,698	1,560
Accounts payable	8	10	7	10	19
Accrued expenses and other current liabilities	85	36	30	17	17
Current portion of long-term debt	0	7	7	8	20
Current portion of Related Party payable pursuant to Tax Receivable Agreement	9	12	13	16	—
Total current liabilities	103	65	56	55	73
Long-term debt	352	644	649	654	738
Deferred tax liabilities	5	5	3	2	0
Related Party payable pursuant to Tax Receivable Agreement	156	178	186	206	—
Other liabilities	2	2	2	0	—
Total liabilities	618	893	895	917	1,036
Commitments and Contingencies (Note 14)	—	—	—	—	—
Common stock, $0.001 par value per share; 2,000,000,000 shares authorized, 669,076,651 and 664,224,893 shares issued and outstanding as of December 31, 2025 and 2024, respectively	669,000	664,000	671,000	649,000	648,000
Preferred stock, $0.001 par value per share; 25,000,000 shares authorized and no shares issued and outstanding as of December 31, 2025 and 2024, respectively	0	0	0	0	0
Additional paid-in capital	342	329	316	313	303
Accumulated other comprehensive loss	−337,000	−765,000	1	3	0
Retained earnings	537	546	526	465	221
Total stockholders equity	879	874	845	781	524
Total liabilities and stockholders equity	1,497	1,768	1,740	1,698	1,560

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
Inventory write-off and disposal	6	8	15	8	0
Depreciation of property and equipment	345,000	486,000	479,000	363,000	162,000
Amortization of debt issuance costs	4	2	2	2	3
Deferred taxes	1	3	2	9	2
Share-based compensation expense	13	11	9	7	4
Acquisition-related costs in investing activities	9	0	0	—	—
Other	2	4	1	412,000	0
Accounts receivable, net	−14	24	5	−5	−26
Inventory	8	14	35	−53	−64
Prepaid expenses and other current assets	−49	1	−1	850,000	—
Accounts payable	−2	3	−3	−9	2
Accrued expenses and other current liabilities	50	−1	9	−7	20
Other assets and liabilities	−2	−2	−467,000	−6	0
Net cash provided by operating activities	59	143	178	255	200
Purchase of property and equipment	−331,000	−1	−375,000	−650,000	−875,000
Acquisition-related costs	−11	0	0	—	—
Purchase of intangible assets	0	0	−500,000	0	0
Purchase and development of software	−2	−4	−3	−2	−890,000
Net cash used in investing activities	−13	−5	−4	−3	−6
Proceeds from exercise of stock options	527,000	919,000	5	2	1
Principal payments of 2022 Term Loan Facility	−302	−7	−8	−780	−20
Payments made pursuant to Tax Receivable Agreement	−12	−13	−16	0	—
Net cash used in financing activities	−313	−19	−30	−116	−18
Net (decrease) increase in cash and cash equivalents	−267	120	144	136	175
Cash (refunded) paid for income taxes, net	−91,000	12	8	—	—
Cash paid during the year for interest	34	60	60	41	58
Noncash exercise of stock options	0	0	14	0	0
Right-of-use assets obtained in exchange for new operating lease liabilities	53,000	742,000	2	0	0
Purchases of software not yet paid	19,000	751,000	0	0	—

Filings

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