LESL · Leslie'S, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q3 '24 | Q2 '24 | Q1 '24 | Q3 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $184.74M | $147.13M | - | $500.35M | $177.13M | $175.23M | $569.64M | $188.66M | $173.96M | $610.89M |
| Cost of Revenue | $131.40M | $120.06M | - | $302.46M | $133.19M | $127.51M | $340.80M | $134.34M | $123.55M | $359.30M |
| Gross Profit | $53.35M | $27.07M | - | $197.89M | $43.95M | $47.72M | $228.84M | $54.33M | $50.41M | $251.60M |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $92.21M | $85.67M | - | $129.57M | $92.33M | $87.42M | $131.15M | $84.86M | $86.88M | $135.79M |
| Total Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| D&A | - | $7.84M | - | - | - | $8.24M | - | - | $8.33M | - |
| Operating Income | ($37.69M) | ($68.75M) | - | $68.32M | ($48.38M) | ($39.70M) | $97.69M | ($30.53M) | ($36.47M) | $115.81M |
| Interest Expense | $14.36M | $13.54M | - | $15.76M | $15.90M | $15.76M | $18.16M | $18.15M | $17.07M | $17.68M |
| Income Tax | $447.0K | $687.0K | - | $30.82M | ($12.96M) | ($10.90M) | $18.89M | ($14.13M) | ($13.99M) | $25.59M |
| Net Income | ($52.50M) | ($82.97M) | - | $21.73M | ($51.32M) | ($44.56M) | $60.65M | ($34.55M) | ($39.55M) | $72.55M |
| EPS - Basic | ($5.63) | ($8.92) | - | $2.40 | ($5.60) | ($4.80) | $6.60 | ($3.80) | ($4.20) | $7.80 |
| EPS - Diluted | ($5.63) | ($8.92) | - | $2.40 | ($5.60) | ($4.80) | $6.60 | ($3.80) | ($4.20) | $7.80 |
Balance Sheet
| Line item | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q3 '24 | Q2 '24 | Q1 '24 | Q3 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $16.92M | $3.62M | $64.34M | $42.68M | $17.25M | $11.62M | $108.50M | $8.44M | $8.39M | $55.42M |
| Accounts Receivable | $22.78M | $15.86M | $23.22M | $34.79M | $32.04M | $29.80M | $45.47M | $32.69M | $22.49M | $29.40M |
| Inventory | $262.36M | $210.01M | $207.98M | $273.19M | $335.10M | $271.09M | $234.28M | $379.09M | $334.03M | $311.84M |
| Accounts Payable | $94.24M | $45.23M | $51.89M | $91.59M | $114.77M | $56.21M | $67.62M | $112.44M | $63.54M | $58.56M |
| Current Assets | $340.11M | $267.03M | $328.79M | $385.13M | $417.57M | $341.62M | $422.43M | $453.63M | $392.04M | $420.29M |
| Total Assets | $715.46M | $649.44M | $741.48M | $989.49M | $1.04B | $966.99M | $1.05B | $1.10B | $998.52M | $1.03B |
| Current Liabilities | $234.39M | $188.04M | $209.06M | $261.97M | $267.61M | $193.98M | $246.92M | $262.10M | $204.57M | $225.83M |
| Long-term Debt | $752.88M | $752.39M | $752.05M | $751.55M | $751.08M | $750.61M | $769.07M | $770.16M | $771.72M | $773.28M |
| Total Liabilities | $1.26B | $1.14B | $1.15B | $1.24B | $1.31B | $1.19B | $1.23B | $1.33B | $1.20B | $1.20B |
| Stockholders' Equity | ($541.33M) | ($489.85M) | ($407.99M) | ($246.17M) | ($269.46M) | ($220.04M) | ($177.15M) | ($230.97M) | ($198.65M) | ($161.36M) |
| Retained Earnings | ($656.64M) | ($604.15M) | ($521.17M) | ($358.36M) | ($380.09M) | ($328.77M) | ($284.20M) | ($334.93M) | ($300.38M) | ($260.83M) |
Cash Flow
| Line item | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q3 '24 | Q2 '24 | Q1 '24 | Q3 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | ($81.13M) | - | - | - | ($105.08M) | - | - | ($71.87M) | - |
| Investing Cash Flow | - | ($4.33M) | - | - | - | ($4.65M) | - | - | ($10.70M) | - |
| Financing Cash Flow | - | $24.74M | - | - | - | $12.84M | - | - | $35.55M | - |
| CapEx | - | $4.33M | - | - | - | $4.68M | - | - | $10.74M | - |
| Free Cash Flow | - | ($85.46M) | - | - | - | ($109.76M) | - | - | ($82.61M) | - |
Ratios
| Metric | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q3 '24 | Q2 '24 | Q1 '24 | Q3 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 28.9% | 18.4% | - | 39.6% | 24.8% | 27.2% | 40.2% | 28.8% | 29.0% | 41.2% |
| Operating margin | -20.4% | -46.7% | - | 13.7% | -27.3% | -22.7% | 17.2% | -16.2% | -21.0% | 19.0% |
| EBITDA margin | - | -41.4% | - | - | - | -18.0% | - | - | -16.2% | - |
| Net margin | -28.4% | -56.4% | - | 4.3% | -29.0% | -25.4% | 10.6% | -18.3% | -22.7% | 11.9% |
| Free cash flow margin | - | -58.1% | - | - | - | -62.6% | - | - | -47.5% | - |
| FCF / Net income | - | 1.03 | - | - | - | 2.46 | - | - | 2.09 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 49.9% | 58.2% | - | 25.9% | 52.1% | 49.9% | 23.0% | 45.0% | 49.9% | 22.2% |
| Effective tax rate | - | - | - | 58.7% | - | - | 23.7% | - | - | 26.1% |
| Return on assets | -7.3% | -12.8% | - | 2.2% | -4.9% | -4.6% | 5.8% | -3.2% | -4.0% | 7.0% |
| Return on equity | 9.7% | 16.9% | - | -8.8% | 19.0% | 20.3% | -34.2% | 15.0% | 19.9% | -45.0% |
| Return on invested capital | -14.1% | -20.7% | - | 6.8% | -7.9% | -5.9% | 12.6% | -4.5% | -5.0% | 14.0% |
| Liquidity | ||||||||||
| Current ratio | 1.45 | 1.42 | 1.57 | 1.47 | 1.56 | 1.76 | 1.71 | 1.73 | 1.92 | 1.86 |
| Quick ratio | 0.33 | 0.30 | 0.58 | 0.43 | 0.31 | 0.36 | 0.76 | 0.28 | 0.28 | 0.48 |
| Cash ratio | 0.07 | 0.02 | 0.31 | 0.16 | 0.06 | 0.06 | 0.44 | 0.03 | 0.04 | 0.25 |
| Leverage | ||||||||||
| Debt / Equity | -1.39 | -1.54 | -1.84 | -3.05 | -2.79 | -3.41 | -4.34 | -3.33 | -3.88 | -4.79 |
| Debt / Assets | 1.05 | 1.16 | 1.01 | 0.76 | 0.72 | 0.78 | 0.73 | 0.70 | 0.77 | 0.75 |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | -2.6x | -5.1x | - | 4.3x | -3.0x | -2.5x | 5.4x | -1.7x | -2.1x | 6.6x |
| Equity multiplier | -1.32 | -1.33 | -1.82 | -4.02 | -3.87 | -4.39 | -5.93 | -4.74 | -5.03 | -6.41 |
| Liabilities / Assets | 1.76 | 1.75 | 1.55 | 1.25 | 1.26 | 1.23 | 1.17 | 1.21 | 1.20 | 1.16 |
| Efficiency | ||||||||||
| Asset turnover | 0.26 | 0.23 | - | 0.51 | 0.17 | 0.18 | 0.54 | 0.17 | 0.17 | 0.59 |
| Inventory turnover | 0.50 | 0.57 | - | 1.11 | 0.40 | 0.47 | 1.45 | 0.35 | 0.37 | 1.15 |
| Days sales outstanding | 45d | 39d | - | 25d | 66d | 62d | 29d | 63d | 47d | 18d |
| Days inventory outstanding | 729d | 638d | - | 330d | 918d | 776d | 251d | 1030d | 987d | 317d |
| Days payable outstanding | 262d | 137d | - | 111d | 315d | 161d | 72d | 306d | 188d | 59d |
| Cash conversion cycle | 512d | 540d | - | 245d | 670d | 677d | 208d | 788d | 846d | 275d |
| Valuation | ||||||||||
| P / E | - | - | - | 3.8x | - | - | 8.7x | - | - | 14.5x |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | 0.1x | 0.1x | - | 3.3x | 17.3x | 47.1x | 18.6x | 127.2x | 146.5x | 34.2x |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 4.3% | -16.0% | - | -12.2% | -6.1% | 0.7% | -6.8% | -11.4% | - | -9.3% |
| Revenue CAGR (3y) | -4.6% | - | - | -9.4% | -8.1% | -3.5% | 5.9% | -0.7% | 6.3% | - |
| Revenue CAGR (5y) | -0.8% | 0.3% | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | 21.4% | -43.3% | - | -13.5% | -19.1% | -5.3% | -9.0% | -23.7% | - | -17.1% |
| Operating income growth (YoY) | 22.1% | -73.2% | - | -30.1% | -58.5% | -8.9% | -15.6% | -21.2% | - | -32.7% |
| Net income growth (YoY) | -2.3% | -86.2% | - | -64.2% | -48.5% | -12.7% | -16.4% | -9.6% | - | -41.0% |
| EPS growth (YoY) | -0.5% | -85.8% | - | -63.6% | -47.4% | -14.3% | -15.4% | -2135.3% | - | 1064.2% |
| EPS CAGR (3y) | - | - | - | 53.0% | - | - | 121.2% | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | 22.1% | - | - | - | -32.9% | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | -100.9% | -122.6% | - | -39.0% | -16.7% | -10.8% | -9.8% | 9.4% | - | 37.6% |
Peer comparison
Same SIC group: Retail-Retail Stores, NEC
Comparing Leslie's against the 5 most active filers in the same SIC group.