CROCS, INC.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $4.04B | $4.10B | $3.96B | $3.55B | $2.31B | $1.39B | $1.23B | $1.09B |
| Cost of Revenue | $1.68B | $1.69B | $1.75B | $1.69B | $893.2M | $636.0M | $613.5M | $528.1M |
| Gross Profit | $2.36B | $2.41B | $2.21B | $1.86B | $1.42B | $749.9M | $617.1M | $560.2M |
| Gross Margin | 58.3% | 58.8% | 55.8% | 52.3% | 61.4% | 54.1% | 50.1% | 51.5% |
| Operating Expenses | ||||||||
| Research & Development | $29.6M | $25.6M | $21.4M | $18.7M | $13.7M | $10.2M | $11.8M | $14.1M |
| SG&A Expense | $1.47B | $1.36B | $1.16B | $1.01B | $737.2M | $514.8M | $488.4M | $495.0M |
| Operating Income | $149.5M | $1.02B | $1.04B | $850.8M | $683.1M | $214.1M | $128.6M | $62.9M |
| Operating Margin | 3.7% | 24.9% | 26.2% | 23.9% | 29.5% | 15.4% | 10.5% | 5.8% |
| Interest Expense | — | — | $161.4M | $136.2M | $21.6M | $6.7M | $8.6M | $955.0K |
| Pretax Income | $73.0M | $910.6M | $876.3M | $718.5M | $663.8M | $207.0M | $119.3M | $65.2M |
| Income Tax Expense | $154.2M | $-39.5M | $83.7M | $178.3M | $-61.8M | $-105.9M | $-175.0K | $14.7M |
| Net Income | $-81.2M | $950.1M | $792.6M | $540.2M | $725.7M | $312.9M | $119.5M | $50.4M |
| Net Margin | -2.0% | 23.2% | 20.0% | 15.2% | 31.4% | 22.6% | 9.7% | 4.6% |
| EPS (Basic) | $-1.50 | $16.00 | $12.91 | $8.82 | $11.62 | $4.64 | $1.70 | $-1.01 |
| EPS (Diluted) | $-1.50 | $15.88 | $12.79 | $8.71 | $11.39 | $4.56 | $1.66 | $-1.01 |
| Shares Outstanding (Basic) | 54.2M | 59.4M | 61.4M | 61.2M | 62.5M | 67.4M | 70.4M | 68.4M |
| Shares Outstanding (Diluted) | 54.2M | 59.8M | 62.0M | 62.0M | 63.7M | 68.5M | 71.8M | 68.4M |
| Dividends Per Share | — | — | — | — | — | — | — | — |