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 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $77.82M | $138.46M | - | - | - | - | $13.70M | - | - | - |
| Cost of Revenue | $62.51M | $68.18M | - | - | - | - | $116.88M | - | $110.50M | $51.02M |
| Gross Profit | $15.30M | $19.58M | - | - | - | - | $35.87M | - | $31.37M | $2.60M |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $6.75M | $4.88M | - | - | - | - | $5.57M | - | $4.02M | $2.50M |
| Total Operating Expenses | $21.30M | $19.49M | - | - | - | - | $25.80M | - | $5.71M | $3.99M |
| D&A | $1.06M | $1.07M | - | - | - | - | $2.73M | - | $3.61M | $91.8K |
| Operating Income | ($6.00M) | $89.0K | - | - | - | - | $10.07M | - | ($3.54M) | ($1.39M) |
| Interest Expense | $1.89M | $1.05M | - | - | - | - | $936.0K | - | $899.0K | $943.4K |
| Income Tax | ($167.0K) | $328.0K | - | - | - | - | $3.38M | - | $2.13M | ($8.05M) |
| Net Income | ($6.63M) | $1.00M | - | - | - | - | $5.92M | - | $3.32M | $4.03M |
| EPS - Basic | ($3.14) | $0.01 | - | - | - | - | ($0.57) | - | - | - |
| EPS - Diluted | ($3.14) | $0.01 | - | - | - | - | - | - | $5736774.00 | - |
Balance Sheet
| Line item | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $9.81M | $8.98M | $25.61M | $19.55M | $28.43M | $47.39M | $25.82M | $25.72M | $27.18M | $45.23M |
| Accounts Receivable | $19.86M | $26.65M | $16.69M | $26.65M | $22.41M | $25.66M | $24.59M | $24.59M | $24.02M | $21.27M |
| Inventory | $30.09M | $39.45M | $36.35M | $41.77M | $44.49M | $56.75M | $52.96M | $44.75M | $37.78M | $21.13M |
| Accounts Payable | $38.00M | - | - | $34.34M | - | - | - | $42.66M | - | - |
| Current Assets | $107.51M | $115.79M | $120.61M | $125.15M | $120.79M | $155.99M | $134.01M | $121.32M | $115.17M | $110.46M |
| Total Assets | $238.82M | $249.55M | $254.36M | $261.91M | $373.21M | $404.94M | $386.58M | $375.98M | $361.98M | $357.13M |
| Current Liabilities | $90.97M | $92.92M | $96.75M | $99.30M | $109.22M | $100.72M | $109.11M | $105.34M | $95.18M | $94.93M |
| Long-term Debt | $93.02M | $94.93M | $88.97M | $90.82M | - | - | $46.00M | $48.56M | - | $50.31M |
| Total Liabilities | $184.45M | $188.55M | $194.37M | $199.35M | $176.89M | $214.88M | $175.04M | $170.38M | $159.94M | $158.57M |
| Stockholders' Equity | $54.37M | $61.00M | $59.99M | $62.56M | $184.89M | $190.05M | $211.54M | $205.60M | $202.04M | ($10.26M) |
| Retained Earnings | ($168.66M) | ($162.03M) | ($163.03M) | ($160.27M) | ($28.49M) | ($32.78M) | ($13.13M) | ($19.06M) | ($22.87M) | ($26.19M) |
Cash Flow
| Line item | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | - | - | - | - | - | ($3.75M) | - | - | - |
| Investing Cash Flow | - | - | - | - | - | - | ($6.0K) | - | - | - |
| Financing Cash Flow | - | - | - | - | - | - | ($1.63M) | - | - | - |
| CapEx | - | - | - | - | - | - | $6.0K | - | - | - |
| Free Cash Flow | - | - | - | - | - | - | ($3.75M) | - | - | - |
Ratios
| Metric | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 19.7% | 14.1% | - | - | - | - | 261.9% | - | - | - |
| Operating margin | -7.7% | 0.1% | - | - | - | - | 73.5% | - | - | - |
| EBITDA margin | -6.3% | 0.8% | - | - | - | - | 93.5% | - | - | - |
| Net margin | -8.5% | 0.7% | - | - | - | - | 43.2% | - | - | - |
| Free cash flow margin | - | - | - | - | - | - | -27.4% | - | - | - |
| FCF / Net income | - | - | - | - | - | - | -0.63 | - | - | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 8.7% | 3.5% | - | - | - | - | 40.6% | - | - | - |
| Effective tax rate | - | 24.6% | - | - | - | - | 36.4% | - | 39.1% | - |
| Return on assets | -2.8% | 0.4% | - | - | - | - | 1.5% | - | 0.9% | 1.1% |
| Return on equity | -12.2% | 1.6% | - | - | - | - | 2.8% | - | 1.6% | -39.3% |
| Return on invested capital | -3.2% | 0.0% | - | - | - | - | 2.5% | - | - | -2.7% |
| Liquidity | ||||||||||
| Current ratio | 1.18 | 1.25 | 1.25 | 1.26 | 1.11 | 1.55 | 1.23 | 1.15 | 1.21 | 1.16 |
| Quick ratio | 0.85 | 0.82 | 0.87 | 0.84 | 0.70 | 0.99 | 0.74 | 0.73 | 0.81 | 0.94 |
| Cash ratio | 0.11 | 0.10 | 0.26 | 0.20 | 0.26 | 0.47 | 0.24 | 0.24 | 0.29 | 0.48 |
| Leverage | ||||||||||
| Debt / Equity | 1.71 | 1.56 | 1.48 | 1.45 | - | - | 0.22 | 0.24 | - | -4.90 |
| Debt / Assets | 0.39 | 0.38 | 0.35 | 0.35 | - | - | 0.12 | 0.13 | - | 0.14 |
| Debt / EBITDA | - | 82.05 | - | - | - | - | 3.59 | - | - | - |
| Interest coverage | -3.2x | 0.1x | - | - | - | - | 10.8x | - | -3.9x | -1.5x |
| Equity multiplier | 4.39 | 4.09 | 4.24 | 4.19 | 2.02 | 2.13 | 1.83 | 1.83 | 1.79 | -34.82 |
| Liabilities / Assets | 0.77 | 0.76 | 0.76 | 0.76 | 0.47 | 0.53 | 0.45 | 0.45 | 0.44 | 0.44 |
| Efficiency | ||||||||||
| Asset turnover | 0.33 | 0.55 | - | - | - | - | 0.04 | - | - | - |
| Inventory turnover | 2.08 | 1.73 | - | - | - | - | 2.21 | - | 2.92 | 2.41 |
| Days sales outstanding | 93d | 70d | - | - | - | - | 655d | - | - | - |
| Days inventory outstanding | 176d | 211d | - | - | - | - | 165d | - | 125d | 151d |
| Days payable outstanding | 222d | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | 47d | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Revenue CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | 2190.5% | - | - | - |
| Operating income growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Net income growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| EPS growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | -70.6% | -67.9% | -71.6% | -69.6% | -8.5% | - | - | - | 8137.1% | - |
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.