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Mar 31, 2025
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.
Revenue by Segment
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.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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