e.l.f. Beauty, Inc.
Cash Flow Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $26.3M | $112.1M | $127.7M | $61.5M | $21.8M | $6.2M | $17.9M | $15.5M |
| Depreciation & Amortization | $79.4M | $44.1M | $30.2M | $17.6M | $27.1M | $25.2M | $22.8M | $17.9M |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | $35.5M | $17.4M | $15.0M | $8.1M | $8.1M | $8.1M | $7.0M | $7.1M |
| Stock-Based Compensation | $86.9M | $71.8M | $40.6M | $29.1M | $19.6M | $19.7M | $15.5M | $16.8M |
| Net Cash from Operating Activities | $212.5M | $133.8M | $71.2M | $101.9M | $19.5M | $29.5M | $44.3M | $55.6M |
| Investing Activities | ||||||||
| Capital Expenditures | $22.4M | $18.5M | $8.7M | $1.7M | $4.8M | $6.5M | $9.4M | $8.9M |
| Business Acquisitions | $581.7M | $0 | $275.0M | $0 | $0 | $0 | $25.9M | $0 |
| Net Cash from Investing Activities | $-605.2M | $-19.1M | $-284.7M | $-1.7M | $-4.8M | $-6.5M | $-35.3M | $-8.9M |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | — | — | — | — |
| Stock Repurchases | $50.0M | $67.1M | $0 | $0 | $0 | $0 | $7.9M | $0 |
| Net Cash from Financing Activities | $533.9M | $-74.4M | $200.9M | $-22.7M | $-29.1M | $-11.4M | $-16.7M | $-5.6M |
| Net Change in Cash | $141.0M | $40.5M | $-12.6M | $77.4M | $-14.4M | $11.6M | $-7.7M | $41.1M |
| Free Cash Flow | $190.1M | $115.3M | $62.5M | $100.2M | $14.7M | $23.0M | $34.9M | $46.7M |