← Holley Inc.
| Annual Trend | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| Net sales | $368.7m |
$504.2m
+36.76%
|
$692.8m
+37.42%
|
$688.4m
-0.64%
|
$659.7m
-4.17%
|
$602.2m
-8.71%
|
$613.5m
+1.87%
|
$613.1m
-0.06%
|
|
| Cost of goods sold | $219.9m |
$295.9m
+34.59%
|
$406.0m
+37.21%
|
$434.8m
+7.07%
|
$403.6m
-7.16%
|
$363.7m
-9.89%
|
$347.3m
-4.51%
|
$349.3m
+0.58%
|
|
| Gross profit | $148.8m |
$208.2m
+39.97%
|
$286.8m
+37.73%
|
$253.7m
-11.56%
|
$256.1m
+0.96%
|
$238.5m
-6.85%
|
$266.2m
+11.61%
|
$263.9m
-0.89%
|
|
| Research and development costs | $20.6m | $23.5m | $28.3m | $29.1m | $23.8m | $18.7m | $18.8m | $17.4m | |
| Selling, general, and administrative | $62.4m | $70.9m | $116.8m | $150.7m | $120.2m | $132.1m | $146.1m | $152.3m | |
| Amortization of intangible assets | $10.5m | $11.1m | $14.0m | $14.7m | $14.6m | $13.9m | $13.8m | — | |
| Restructuring costs | — | — | — | $4.5m | $2.6m | $1.6m | $2.9m | — | |
| Operating income | $46.1m |
$85.5m
+85.47%
|
$77.5m
-9.28%
|
$50.7m
-34.55%
|
$94.0m
+85.33%
|
$14.7m
-84.40%
|
$82.5m
+462.32%
|
$87.9m
+6.60%
|
|
| Interest expense, net | — | — | ($39.1m) | ($40.2m) | ($60.7m) | ($50.7m) | ($51.8m) | $40.9m | |
| Total non-operating expense | $50.4m | $43.8m | $94.2m | ($27.5m) | $66.5m | $40.9m | $53.8m | — | |
| Income (loss) before income taxes | ($4.3m) | $41.7m | ($16.7m) | $78.3m | $27.6m | ($26.3m) | $28.6m | — | |
| Income tax expense (benefit) | ($4.9m) | $8.8m | $10.4m | $4.5m | $8.4m | ($3.0m) | $9.5m | $5.6m | |
| Net income (loss) | $561k |
$32.9m
+5756.86%
|
($27.1m)
-182.60%
|
$73.8m
+371.84%
|
$19.2m
-74.00%
|
($23.2m)
-221.14%
|
$19.2m
+182.53%
|
$10.3m
-46.17%
|
|
| Basic net income (loss) per share ((in usd per share)) | $0 | $0 | ($0) | $1 | $0 | ($0) | $0 | — | |
| Weighted average common shares outstanding - basic (in shares) | — | 67.7m | 90.0m | 116.8m | 117.4m | 118.4m | 119.2m | — | |
| Weighted average common shares outstanding - diluted (in shares) | — | 67.7m | 90.0m | 117.2m | 118.5m | 118.4m | 120.0m | — | |
| Impairment of indefinite-lived intangible assets | — | $0 | $0 | $2.4m | $0 | $7.7m | $0 | — | |
| Impairment of goodwill | — | — | — | $0 | $0 | $40.9m | $0 | — | |
| Loss on sale of assets | — | — | — | — | — | $9.2m | $0 | — | |
| Other operating expense (income) | $644k | $1.5m | $755k | $1.5m | $765k | ($268k) | $2.1m | — | |
| Change in fair value of warrant liability | — | $0 | $32.6m | ($57.0m) | $4.1m | ($7.6m) | $1.2m | — | |
| Change in fair value of earn-out liability | — | $0 | $8.9m | ($10.7m) | $2.3m | ($2.3m) | $897k | — | |
| Loss (gain) on early extinguishment of debt | — | $0 | ($13.7m) | $0 | ($701k) | $141k | ($93k) | — | |
| Foreign currency translation adjustment | — | $16k | $30k | ($990k) | $234k | ($452k) | $1.3m | — | |
| Total operating expense | $102.7m | $122.8m | $209.3m | $202.9m | $162.1m | $223.9m | $183.8m | $175.9m | |
| Total other comprehensive income (loss) | — | ($277k) | $418k | ($688k) | $234k | ($452k) | $1.3m | — | |
| Total comprehensive income (loss) | $438k | $32.6m | ($26.7m) | $73.1m | $19.4m | ($23.7m) | $20.5m | — |