MARKETS / NYSE / COOK

NYSE · HOUSEHOLD APPLIANCES · MID CAP

Traeger, Inc. COOK

7 fiscal years on record · USD · FY2025 reported · SEC filings only

Revenue

$559.5M

▼ 7.4% YoY

Net income

$-115.2M

Free cash flow

$13.6M

▲ 14.2% YoY

In brief

What this company does

Traeger makes wood pellet grills, an outdoor cooking system that ignites all-natural hardwoods to grill, smoke, bake, roast, braise, and barbecue. As of December 31, 2025, the company had approximately 433 employees, all of which were full-time. As of December 31, 2025, its employees were located across 35 states and 5 countries, with 333 based in the United States. The company's integrated platform includes six types of products: wood pellet grills, gas griddles, digital content, its mobile application, consumables, and grilling accessories. Grills accounted for 53.3% of revenue in the year ended December 31, 2025, compared with 53.8% in 2024. Consumables, comprising wood pellets, rubs, and sauces, represented 22.8% of revenue in 2025 compared with 19.7% in 2024. Accessories represented 24.0% of revenue in 2025 and 26.5% in 2024. The company traces its wood pellet grill to 1987, when it invented the original design.

Written from the business description in Traeger, Inc's annual report to the U.S. Securities and Exchange Commission, filed 6 March 2026. Every sentence was checked against that document before publication.

Growth

USD 559.5M

Revenue, FY2025 · full 7-year series below

Revenue $M Net income $M

FY2025 · Revenue 559.5 · Net income -115.2

Compound annual growth

Revenue

−5.2%

+0.5%

3 yrs

5 yrs

10 yrs

15 yrs

Revenue compounded at +0.5% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

−21 cents

lost on every revenue dollar

Operating margin Net margin

FY2025 · Operating -17.5% · Net -20.6%

ROE

FY2025 · ROE -51.5%

Gross margin39.2%

Operating margin-17.5%

Net margin-20.6%

Return on assets-15.3%

EBITDAUSD -85.6M

Each USD of equity lost 52 cents this year.

Cash & shareholders

—

returned in FY2025 · dividends + net buybacks

Free cash flow $M

FY2025 · FCF 13.6

Total assetsUSD 676.0M

EquityUSD 170.8M

CashUSD 19.6M

Gross debtUSD 399.8M

Net debtUSD 380.2M

Current ratio2.68×

Net debt stands at 223% of equity.

The 7-year record

7 fiscal years

Every figure from documents filed with the SEC · USD

row low → row highnegative

Metric	2025	2024	2023	2022	2021	2020	2019
Revenue $B	0.6	0.6	0.6	0.7	0.8	0.5	0.4
Operating income $B	−0.1	−0.0	−0.1	−0.3	−0.1	0.1	0.0
EBITDA $B	−0.1	0.0	−0.0	−0.3	−0.1	0.1	0.0
Income tax $B	−0.0	−0.0	0.0	0.0	0.0	0.0	0.0
Net income $B	−0.1	−0.0	−0.1	−0.4	−0.1	0.0	−0.0
Free cash flow $B	0.0	0.0	0.0	−0.0	−0.1	0.0	0.0
EPS, diluted $	−0.87	−0.27	−0.68	−3.19	−0.82	0.29	−0.27
Dividend / sh $	·	·	·	·	·	·	·
Payout %	·	·	·	·	·	·	·
ROE %	−51.5	−12.0	−27.0	−81.2	−17.0	6.5	·
Shares out B	0.14	0.13	0.13	0.12	0.12	0.00	·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance

Company facts, as filed

How we verify · 0 failures in 33 reconciliationsAUDITED

Reconciled in 7 of 19 fiscal years. 62 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures

ActivityHousehold Appliances

Listed onNYSE

Incorporated inDelaware

Fiscal year endsDecember 31

SEC categoryemerging growth company, smaller reporting company

Data on record since2019