Tile Shop Holdings, Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $336.8M | $347.1M | $377.1M | $394.7M | $370.7M | $325.1M | $340.4M | $357.3M |
| Cost of Revenue | $121.8M | $119.2M | $134.1M | $135.8M | $117.6M | $103.5M | $104.2M | $105.9M |
| Gross Profit | $215.0M | $227.9M | $243.1M | $258.9M | $253.1M | $221.5M | $236.1M | $251.3M |
| Gross Margin | 63.8% | 65.7% | 64.4% | 65.6% | 68.3% | 68.1% | 69.4% | 70.4% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $220.8M | $224.4M | $226.9M | $236.3M | $232.5M | $215.1M | $237.5M | $233.2M |
| Operating Income | $-5.8M | $3.5M | $16.2M | $22.6M | $20.6M | $6.4M | $-1.4M | $18.1M |
| Operating Margin | -1.7% | 1.0% | 4.3% | 5.7% | 5.6% | 2.0% | -0.4% | 5.1% |
| Interest Expense | $41.0K | $275.0K | $2.2M | $1.6M | $656.0K | $1.9M | $3.8M | $2.7M |
| Pretax Income | $-5.9M | $3.2M | $14.0M | $21.0M | $20.0M | $4.5M | $-5.1M | $15.6M |
| Income Tax Expense | $-1.4M | $921.0K | $3.9M | $5.3M | $5.2M | $-1.5M | $-674.0K | $5.2M |
| Net Income | $-4.5M | $2.3M | $10.1M | $15.7M | $14.8M | $6.0M | $-4.5M | $10.4M |
| Net Margin | -1.3% | 0.7% | 2.7% | 4.0% | 4.0% | 1.9% | -1.3% | 2.9% |
| EPS (Basic) | $-0.10 | $0.05 | $0.23 | $0.32 | $0.29 | $0.12 | $-0.09 | $0.20 |
| EPS (Diluted) | $-0.10 | $0.05 | $0.23 | $0.32 | $0.29 | $0.12 | $-0.09 | $0.20 |
| Shares Outstanding (Basic) | 43.7M | 43.7M | 43.4M | 48.9M | 50.4M | 50.0M | 50.6M | 51.9M |
| Shares Outstanding (Diluted) | 43.7M | 43.9M | 43.6M | 49.2M | 51.1M | 50.6M | 50.6M | 52.1M |
| Dividends Per Share | — | — | — | — | $0.65 | — | $0.15 | $0.20 |