MARKETS / NYSE / ELF

NYSE · PERFUMES, COSMETICS & OTHER TOILET PREPARATIONS · LARGE CAP

e.l.f. Beauty, Inc. ELF

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

Revenue

$1.6B

▲ 24.6% YoY

Net income

$26.3M

▼ 76.5% YoY

Free cash flow

$190.1M

▲ 64.8% YoY

In brief

What this company does

e.l.f. Beauty, Inc. is a multi-brand beauty company that offers vegan and cruelty free cosmetics and skin care products. As of March 31, 2026, it had 849 full-time employees. Its largest customers, Target, Walmart, Amazon and Sephora, accounted for 18%, 13%, 11% and 10%, respectively, of its net sales in the fiscal year ended March 31, 2026. Its family of brands consists of e.l.f. Cosmetics, e.l.f. SKIN, rhode, Naturium and Well People. It operates its business as a single operating and reportable segment. Its products are sourced and manufactured through a network of third-party manufacturers, primarily in China, with products also sourced in the United States, Italy, South Korea and other countries. e.l.f. Beauty was formed as a Delaware corporation on December 20, 2013 under the name J.A. Cosmetics Holdings, Inc., and changed its name to e.l.f. Beauty, Inc. in April 2016.

Written from the business description in e.l.f. Beauty, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 21 May 2026. Every sentence was checked against that document before publication.

Growth

USD 1.6B

Revenue, FY2025 · full 11-year series below

Revenue $B Net income $B

FY2025 · Revenue 1.6 · Net income 0.0

Compound annual growth

Revenue

+41.4%

+38.8%

+23.9%

Net income

−24.7%

+33.4%

+19.7%

EPS, diluted

−26.5%

+29.7%

3 yrs

5 yrs

10 yrs

15 yrs

Revenue compounded at +38.8% a year over five years — but profit grew slower: net income at +33.4%, earnings per share at +29.7%.

The share count rose from 0.05B to 0.06B over the period.

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

2 cents

of every revenue dollar became profit

Operating margin Net margin

FY2025 · Operating 4.5% · Net 1.6%

ROE

FY2025 · ROE 2.8%

Gross margin70.7%

Operating margin4.5%

Net margin1.6%

Return on assets1.4%

EBITDAUSD 153.0M

Each USD of equity produced 3 cents of profit this year.

Cash & shareholders

USD 44.2M

returned in FY2025 · dividends + net buybacks

Free cash flow $M

FY2025 · FCF 190.1

Net buybacks $M Dividends $M

FY2025 · Dividends — · Net buybacks 44.2

Dividends paid—

Net buybacksUSD 44.2M

Share of profit167.9%

Consecutive raises—

USD 44.2M in buybacks — 168% of the year's profit, so the payout drew on cash built up earlier.

Total assetsUSD 2.4B

EquityUSD 1.1B

CashUSD 289.7M

Gross debtUSD 841.7M

Net debtUSD 552.0M

Current ratio2.35×

Net debt stands at 49% of equity.

The 11-year record

11 fiscal years

Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative

Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Revenue $B	1.6	1.3	1.0	0.6	0.4	0.3	0.3	0.3	0.3	0.2	0.2
Operating income $B	0.1	0.2	0.1	0.1	0.0	0.0	0.0	0.0	0.0	0.0	0.0
EBITDA $B	0.2	0.2	0.2	0.1	0.1	0.0	0.1	0.0	0.0	0.0	0.0
Income tax $B	0.0	0.0	0.0	0.0	0.0	−0.0	0.0	0.0	−0.0	0.0	0.0
Net income $B	0.0	0.1	0.1	0.1	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Free cash flow $B	0.2	0.1	0.1	0.1	0.0	0.0	0.0	0.0	0.0	−0.0	0.0
EPS, diluted $	0.44	1.92	2.21	1.11	0.41	0.12	0.35	0.32	0.68	−39.47	−1559.81
Dividend / sh $	·	·	·	·	·	·	·	·	·	1.79	·
Payout %	·	·	·	·	·	·	·	·	·	·	·
ROE %	2.8	16.0	24.2	17.0	7.5	2.4	7.6	7.3	20.0	13.2	·
Shares out B	0.06	0.06	0.06	0.05	0.05	0.05	0.05	0.05	0.05	0.05	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 · 2 failures in 56 reconciliationsAUDITED

Reconciled in 10 of 19 fiscal years. 39 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente2 failures

ActivityPerfumes, Cosmetics & Other Toilet Preparations

Listed onNYSE

Incorporated inDelaware

Fiscal year endsMarch 31

Data on record since2014