Culp, Inc.
Income Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $203.5M | $213.2M | $225.3M | $234.9M | $294.8M | $299.7M | $256.2M | $281.3M |
| Cost of Revenue | $178.3M | $188.2M | $197.4M | $224.0M | $258.7M | $249.9M | $215.7M | $235.6M |
| Gross Profit | $25.2M | $25.1M | $27.9M | $10.9M | $36.1M | $49.8M | $40.5M | $45.8M |
| Gross Margin | 12.4% | 11.8% | 12.4% | 4.6% | 12.2% | 16.6% | 15.8% | 16.3% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $34.7M | $35.7M | $38.6M | $38.0M | $35.4M | $37.8M | $34.4M | $33.2M |
| Operating Income | $-7.2M | $-18.4M | $-11.3M | $-28.5M | $678.0K | $12.1M | $-7.6M | $13.4M |
| Operating Margin | -3.5% | -8.6% | -5.0% | -12.1% | 0.2% | 4.0% | -3.0% | 4.7% |
| Interest Expense | $759.0K | $231.0K | $11.0K | — | $17.0K | $51.0K | $106.0K | $35.0K |
| Pretax Income | $-8.3M | $-18.7M | $-10.8M | $-28.4M | $-325.0K | $10.9M | $-7.7M | $12.7M |
| Income Tax Expense | $1.9M | $392.0K | $3.0M | $3.1M | $2.9M | $7.7M | $3.4M | $6.5M |
| Net Income | $-10.2M | $-19.1M | $-13.8M | $-31.5M | $-3.2M | $3.2M | $-28.7M | $5.5M |
| Net Margin | -5.0% | -9.0% | -6.1% | -13.4% | -1.1% | 1.1% | -11.2% | 1.9% |
| EPS (Basic) | $-0.81 | $-1.53 | $-1.11 | $-2.57 | $-0.26 | $0.26 | $-2.32 | $0.44 |
| EPS (Diluted) | $-0.81 | $-1.53 | $-1.11 | $-2.57 | $-0.26 | $0.26 | $-2.32 | $0.43 |
| Shares Outstanding (Basic) | 12.6M | 12.5M | 12.4M | 12.3M | 12.2M | 12.3M | 12.4M | 12.5M |
| Shares Outstanding (Diluted) | 12.6M | 12.5M | 12.4M | 12.3M | 12.2M | 12.3M | 12.4M | 12.5M |
| Dividends Per Share | — | — | — | — | — | — | — | — |