Culp, Inc.
Balance Sheet
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Cash & Equivalents | $8.3M | $5.6M | $10.0M | $21.0M | $14.6M | $37.0M | $69.8M | $40.0M |
| Accounts Receivable | $20.4M | $21.8M | $21.1M | $24.8M | $22.2M | $37.7M | $25.1M | $23.4M |
| Inventory | $47.5M | $49.3M | $44.8M | $45.1M | $66.6M | $55.9M | $47.9M | $47.6M |
| Total Current Assets | $80.7M | $83.5M | $80.9M | $95.5M | $107.2M | $143.2M | $151.7M | $123.2M |
| Property, Plant & Equipment | $21.0M | $24.8M | $33.2M | $36.1M | $41.7M | $44.0M | $43.1M | $45.2M |
| Goodwill | — | — | — | — | $0 | $0 | $0 | $13.6M |
| Intangible Assets (Excl. Goodwill) | $355.0K | $960.0K | $1.9M | $2.3M | $2.6M | $3.0M | $3.4M | $3.9M |
| Total Assets | $112.0M | $123.4M | $132.1M | $152.2M | $177.6M | $214.1M | $215.1M | $233.5M |
| Liabilities | ||||||||
| Accounts Payable | $25.7M | $27.3M | $25.6M | $29.4M | $20.1M | $42.5M | $23.0M | $22.7M |
| Total Current Liabilities | $45.0M | $47.0M | $38.1M | $44.0M | $32.6M | $61.2M | $40.1M | $35.2M |
| Long-Term Debt | — | — | — | — | — | — | — | — |
| Total Liabilities | $63.8M | $65.7M | $55.9M | $63.1M | $58.1M | $85.1M | $85.4M | $56.3M |
| Stockholders' Equity | ||||||||
| Retained Earnings | $1.1M | $11.3M | $30.4M | $44.2M | $75.7M | $84.4M | $86.5M | $115.6M |
| Total Stockholders' Equity | $48.1M | $57.6M | $76.1M | $89.1M | $119.5M | $129.0M | $129.7M | $161.5M |