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Mar 31
SharkNinja Q1 2025 Earnings Report
SharkNinja reported strong revenue growth in Q1 2025 with net sales up nearly 15%, but profitability metrics declined due to tariff impacts and increased expenses.
Key Takeaways
SharkNinja delivered a 14.7% increase in net sales to $1.22 billion in Q1 2025, driven by growth across all product categories. While net income rose by 7.5%, adjusted profitability measures including EBITDA and net income declined year-over-year due to increased costs and tariff effects. The company raised its fiscal 2025 outlook, reflecting confidence in its mitigation strategies and operational strength.
Net sales rose 14.7% to $1.22 billion, with strong performance across all product segments.
Gross profit increased to $603.2 million, though gross margin slightly declined to 49.3%.
Adjusted EBITDA dropped 13.1% to $200.4 million, representing 16.4% of net sales.
Cash and cash equivalents stood at $224.7 million; net income grew 7.5% to $117.8 million.
SharkNinja
SharkNinja
SharkNinja Revenue by Segment
Revenue by Segment
Cleaning Appliances Revenue
CapyFin.comCooking and Beverage Appliances Revenue
CapyFin.comFood Preparation Appliances Revenue
CapyFin.comBeauty and Home Environment Appliances Revenue
CapyFin.com Forward Guidance
SharkNinja raised its fiscal year 2025 outlook, expecting higher sales growth, improved adjusted earnings, and increased EBITDA.
Positive Outlook
- Net sales now expected to grow 11% to 13%, raised from 10% to 12%.
- Adjusted Net Income per share guidance increased to $4.90–$5.00.
- Adjusted EBITDA forecast raised to $1.09–$1.11 billion.
- Improved supply chain flexibility through diversification.
- Strong product innovation and new launches driving demand.
Challenges Ahead
- Tariff costs impacted gross and adjusted margins in Q1.
- Operating income and adjusted EBITDA declined YoY.
- Cash flow from operations was negative in Q1.
- Inventory levels rose nearly 30% YoY.
- Foreign currency volatility remains a headwind.
Revenue & Expenses
Visualization of income flow from segment revenue to net income