← Holley Inc.
| Annual Trend | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| Net income (loss) | $561k |
($221k)
-139.40%
|
($27.1m)
-12179.59%
|
$73.8m
+371.84%
|
$19.2m
-74.00%
|
($23.2m)
-221.14%
|
$19.2m
+182.53%
|
— | |
| Depreciation | $8.8m | $7.9m | $11.5m | $10.1m | $10.3m | $10.6m | $9.7m | $16.3m | |
| Amortization of intangible assets | $10.5m | $11.1m | $14.0m | $14.7m | $14.6m | $13.9m | $13.8m | — | |
| Amortization of deferred loan costs | $3.1m | $3.1m | $3.2m | $1.7m | $1.8m | $1.8m | $1.7m | — | |
| Amortization of right of use assets | — | $0 | $0 | $5.7m | $5.5m | $5.2m | $5.4m | — | |
| Change in deferred taxes | ($11.5m) | $6.8m | ($66k) | ($11.7m) | ($4.8m) | ($16.2m) | $9.1m | — | |
| Payments from stock-based award activities | — | $0 | $0 | ($1.1m) | ($1.5m) | ($1.5m) | ($847k) | — | |
| Impairment of indefinite-lived intangible assets | — | $0 | $0 | $2.4m | $0 | $7.7m | $0 | — | |
| Impairment of goodwill | — | — | — | $0 | $0 | $40.9m | $0 | — | |
| Accounts receivable | $2.1m | ($11.3m) | $464k | $3.8m | ($2.3m) | $10.8m | ($21.4m) | ($9.3m) | |
| Provision for inventory reserves | — | $3.0m | $4.2m | $13.4m | $1.8m | $11.1m | $4.2m | — | |
| Inventories | ($7.1m) | $22.0m | ($45.1m) | ($58.4m) | $38.2m | ($16.6m) | ($17.1m) | ($12.3m) | |
| Accounts payable | $181k | $8.4m | $8.7m | ($740k) | ($1.6m) | $1.2m | $12.9m | $7.2m | |
| Property and equipment additions included in accounts payable | ($7.4m) | ($9.4m) | ($15.2m) | $0 | $0 | $1.1m | $5.9m | — | |
| Accrued interest | ($2.5m) | $737k | ($3.2m) | $2.6m | ($5.5m) | ($455k) | $115k | — | |
| Accrued and other liabilities | $1.4m | $179k | $8.2m | ($4.7m) | ($6.5m) | ($7.1m) | $105k | — | |
| Prepaids and other current assets | ($378k) | $1.9m | ($13.4m) | $1.1m | $2.6m | $3.0m | ($6.2m) | — | |
| Net cash provided by operating activities | $9.4m |
($474k)
-105.04%
|
$21.6m
+4651.38%
|
$12.3m
-42.96%
|
$88.1m
+615.50%
|
$46.9m
-46.76%
|
$46.2m
-1.45%
|
$57.8m
+25.13%
|
|
| Loss (gain) on disposal of property, plant and equipment | $833k | $943k | ($82k) | $253k | ($192k) | ($568k) | $722k | — | |
| Capital expenditures | ($7.4m) | ($9.4m) | ($15.2m) | ($13.6m) | ($5.9m) | ($6.8m) | ($12.3m) | ($24.9m) | |
| Net cash (used in) provided by investing activities | ($14.5m) | ($250.0m) | ($134.1m) | ($25.0m) | ($4.5m) | $2.0m | ($32.2m) | — | |
| Loss (gain) on early extinguishment of long-term debt | — | $0 | $13.7m | $0 | ($701k) | $141k | $93k | — | |
| Principal payments on long-term debt | ($3.8m) | ($4.1m) | ($687.5m) | ($33.5m) | ($66.0m) | ($32.4m) | ($32.1m) | — | |
| Borrowings under revolving credit facility | — | — | — | — | — | $0 | $10.0m | — | |
| Repayment of borrowings under revolving credit facility | — | — | — | — | — | $0 | ($10.0m) | — | |
| Net cash used in financing activities | $2.4m |
$251.6m
+10239.29%
|
$77.2m
-69.33%
|
$2.9m
-96.31%
|
($69.0m)
-2521.33%
|
($34.6m)
+49.85%
|
($32.6m)
+5.76%
|
($34.3m)
-5.12%
|
|
| Additional Supplementary Disclosures | |||||||||
| Additional Supplementary Disclosures | |||||||||
| Fair value adjustments to warrant liability | — | $0 | $32.6m | ($57.0m) | $4.1m | ($7.6m) | $1.2m | — | |
| Fair value adjustments to earn-out liability | — | $0 | $8.9m | ($10.7m) | $2.3m | ($2.3m) | $897k | — | |
| Fair value adjustments to interest rate collar | — | — | $0 | $0 | $1.2m | ($1.1m) | $3.4m | — | |
| Equity compensation | $437k | $487k | $5.0m | $24.4m | $7.3m | $5.2m | $8.2m | — | |
| Loss on sale of assets | — | $0 | $0 | $1.0m | $0 | $9.2m | $0 | — | |
| Provision for credit losses | — | $1.6m | $147k | $878k | $1.0m | $1.3m | $362k | — | |
| Acquisition of license agreement | — | ($50k) | $0 | $0 | — | $0 | ($20.2m) | — | |
| Proceeds from the disposal of fixed assets | — | $698k | $364k | $888k | $1.5m | $1.7m | $322k | — | |
| Proceeds from sale of business | — | $0 | $0 | $2.0m | $0 | $7.1m | $0 | — | |
| Deferred financing fees | — | ($4.7m) | ($13.4m) | $0 | ($1.4m) | ($679k) | $343k | — | |
| Effect of foreign currency rate fluctuations on cash | — | $0 | $0 | ($300k) | $300k | $691k | ($235k) | — | |
| Net change in cash and cash equivalents | ($2.6m) | $63.3m | ($35.3m) | ($10.2m) | $14.9m | $15.0m | ($18.9m) | — | |
| Beginning of period | $11.0m | $8.3m | $71.7m | $26.1m | $41.1m | $56.1m | $37.2m | — | |
| Cash paid for interest | $49.8m | $39.9m | $38.1m | $36.9m | $64.7m | $52.2m | $46.6m | — | |
| Income Taxes Paid, Net | $4.4m | $3.2m | $10.6m | $6.8m | $16.0m | $11.1m | $10.4m | — |