POL · Polished.com 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 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|
| Revenue | $534.47M | $55.13M | - |
| Cost of Revenue | $444.96M | $47.88M | - |
| Gross Profit | $89.52M | $7.25M | - |
| R&D | - | - | - |
| SG&A | $24.23M | $7.90M | - |
| Total Operating Expenses | $217.86M | $21.69M | - |
| D&A | $11.46M | $550.0K | $53.0K |
| Operating Income | ($128.34M) | ($14.43M) | - |
| Interest Expense | $3.94M | $871.0K | - |
| Income Tax | ($8.41M) | ($4.38M) | $698.3K |
| Net Income | ($125.97M) | ($21.57M) | - |
| EPS - Basic | ($1.18) | ($3.95) | - |
| EPS - Diluted | ($0.12) | - | - |
Balance Sheet
| Line item | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|
| Cash & Equivalents | $47.39M | $25.72M | $934.7K |
| Accounts Receivable | $25.66M | $24.59M | $2.00M |
| Inventory | $56.75M | $44.75M | $5.15M |
| Accounts Payable | $42.66M | - | - |
| Current Assets | $155.99M | $121.32M | $18.24M |
| Total Assets | $404.94M | $375.98M | $26.22M |
| Current Liabilities | $100.72M | $105.34M | $35.69M |
| Long-term Debt | $90.82M | $48.56M | $3.28M |
| Total Liabilities | $214.88M | $170.38M | $39.53M |
| Stockholders' Equity | $190.05M | $205.60M | ($13.32M) |
| Retained Earnings | ($32.78M) | ($19.06M) | ($26.73M) |
Cash Flow
| Line item | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|
| Operating Cash Flow | ($46.68M) | $5.41M | - |
| Investing Cash Flow | ($1.42M) | ($113.0K) | - |
| Financing Cash Flow | $34.81M | $4.14M | - |
| CapEx | $1.42M | $113.0K | - |
| Free Cash Flow | ($48.10M) | $5.30M | - |
Ratios
| Metric | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|
| Profitability | |||
| Gross margin | 16.7% | 13.2% | - |
| Operating margin | -24.0% | -26.2% | - |
| EBITDA margin | -21.9% | -25.2% | - |
| Net margin | -23.6% | -39.1% | - |
| Free cash flow margin | -9.0% | 9.6% | - |
| FCF / Net income | 0.38 | -0.25 | - |
| R&D / Revenue | - | - | - |
| SG&A / Revenue | 4.5% | 14.3% | - |
| Effective tax rate | - | - | - |
| Return on assets | -31.1% | -5.7% | - |
| Return on equity | -66.3% | -10.5% | - |
| Return on invested capital | -36.1% | -4.5% | - |
| Liquidity | |||
| Current ratio | 1.55 | 1.15 | 0.51 |
| Quick ratio | 0.99 | 0.73 | 0.37 |
| Cash ratio | 0.47 | 0.24 | 0.03 |
| Leverage | |||
| Debt / Equity | 0.48 | 0.24 | -0.25 |
| Debt / Assets | 0.22 | 0.13 | 0.13 |
| Debt / EBITDA | - | - | - |
| Interest coverage | -32.6x | -16.6x | - |
| Equity multiplier | 2.13 | 1.83 | -1.97 |
| Liabilities / Assets | 0.53 | 0.45 | 1.51 |
| Efficiency | |||
| Asset turnover | 1.32 | 0.15 | - |
| Inventory turnover | 7.84 | 1.07 | - |
| Days sales outstanding | 18d | 163d | - |
| Days inventory outstanding | 47d | 341d | - |
| Days payable outstanding | 35d | - | - |
| Cash conversion cycle | 29d | - | - |
| Valuation | |||
| P / E | - | - | - |
| P / B | - | - | - |
| P / S | - | - | - |
| EV / EBITDA | - | - | - |
| Growth | |||
| Revenue growth (YoY) | 869.4% | - | - |
| Revenue CAGR (3y) | - | - | - |
| Revenue CAGR (5y) | - | - | - |
| Gross profit growth (YoY) | 1133.9% | - | - |
| Operating income growth (YoY) | -789.2% | - | - |
| Net income growth (YoY) | -484.0% | - | - |
| EPS growth (YoY) | - | - | - |
| EPS CAGR (3y) | - | - | - |
| EPS CAGR (5y) | - | - | - |
| FCF growth (YoY) | - | - | - |
| FCF CAGR (5y) | - | - | - |
| Book value growth (YoY) | -7.6% | - | - |
Stability scores
Altman Z′
FY 2022 · bankruptcy risk
0.73
Distress
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2022 · 9-point quality
4/9
Neutral
- ✗Net income positive
- ✗Operating cash flow positive
- ✗ROA improved YoY
- ✓Cash flow > net income
- ✗Long-term debt decreased
- ✓Current ratio improved
- ✗No share dilution
- ✓Gross margin improved
- ✓Asset turnover improved
Peer comparison
Same SIC group: Retail-Home Furniture, Furnishings & Equipment Stores
Comparing Polished.com Inc. against the 5 most active filers in the same SIC group.