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TILE SHOP HOLDINGS, INC.

CIK: 1552800 SIC: 5700
$336.82M
Revenue
$-4.49M
Net Income
63.84%
Gross Margin
-1.73%
Op. Margin
$9.61M
Free Cash Flow
Financial Statements Annual (10-K)
Showing 5 of 14 annual reports available (2012 - 2025)
Breakdown TTM
(Dec 31, 2025)
FY 2025
(Dec 31, 2025)
FY 2024
(Dec 31, 2024)
FY 2023
(Dec 31, 2023)
FY 2022
(Dec 31, 2022)
FY 2021
(Dec 31, 2021)
+ Total Revenue $336.82M $336.82M $347.07M $377.15M $394.70M $370.70M
Revenue Growth % 0.0% -3.0% -8.0% -4.4% 6.5% nan%
Cost of Revenue $121.80M $121.80M $119.20M $134.09M $135.76M $117.57M
+ Gross Profit $215.02M $215.02M $227.87M $243.06M $258.94M $253.13M
Gross Margin % 63.8% 63.8% 65.7% 64.4% 65.6% 68.3%
Selling General & Admin $220.83M $220.83M $224.36M $226.90M $236.33M $232.52M
+ Operating Income $-5.81M $-5.81M $3.52M $16.16M $22.61M $20.61M
Operating Margin % -1.7% -1.7% 1.0% 4.3% 5.7% 5.6%
Interest Expense $42.00K $41.00K $275.00K $2.16M $1.58M $656.00K
Income Before Tax $-5.86M $-5.86M $3.24M $13.99M $21.03M $19.95M
Income Tax Expense $-1.36M $-1.36M $921.00K $3.92M $5.33M $5.18M
+ Net Income $-4.49M $-4.49M $2.32M $10.07M $15.70M $14.77M
Net Margin % -1.3% -1.3% 0.7% 2.7% 4.0% 4.0%
Basic EPS -0.11 -0.10 0.05 0.23 0.32 0.29
Diluted EPS -0.11 -0.10 0.05 0.23 0.32 0.29
Basic Shares Outstanding - 43.7M 43.7M 43.4M 48.9M 50.4M
Diluted Shares Outstanding - 43.7M 43.9M 43.6M 49.2M 51.1M
Breakdown FY 2025
(Dec 31, 2025)
FY 2024
(Dec 31, 2024)
FY 2023
(Dec 31, 2023)
FY 2022
(Dec 31, 2022)
FY 2021
(Dec 31, 2021)
Cash & Cash Equivalents $10.12M $20.96M $8.62M $5.95M $9.36M
Accounts Receivable $3.46M $3.08M $2.88M $3.41M $3.20M
Inventory $89.40M $86.27M $93.68M $120.95M $97.17M
Other Current Assets $8.86M $8.66M $9.25M $10.42M $9.77M
Total Current Assets $113.00M $119.82M $114.56M $146.40M $127.08M
Property Plant & Equipment $54.32M $59.73M $64.32M $71.09M $82.28M
Other Non-current Assets $1.59M $2.30M $3.45M $3.29M $1.34M
Total Assets $301.73M $319.60M $316.67M $345.82M $340.76M
Accounts Payable $25.33M $23.81M $23.34M $23.51M $30.88M
Accrued Liabilities $23.92M $25.64M $27.00M $31.92M $38.25M
Deferred Revenue $9.90M $10.90M - - -
Total Current Liabilities $79.21M $78.39M $78.75M $83.29M $97.71M
Long-term Debt $25.00M - - $45.40M $5.00M
Other Non-current Liabilities $5.32M $4.60M $5.54M $5.01M $5.56M
Total Liabilities $214.49M $196.69M $196.99M $237.05M $218.53M
Common Stock $4.00K $4.00K $4.00K $4.00K $5.00K
Retained Earnings $-11.28M $-6.79M $-9.11M $-19.18M $-4.71M
Total Stockholders Equity $87.24M $122.91M $119.69M $108.77M $122.22M
Total Liabilities & Equity $301.73M $319.60M $316.67M $345.82M $340.76M
Breakdown TTM
(Dec 31, 2025)
FY 2025
(Dec 31, 2025)
FY 2024
(Dec 31, 2024)
FY 2023
(Dec 31, 2023)
FY 2022
(Dec 31, 2022)
FY 2021
(Dec 31, 2021)
Net Income $-4.49M $-4.49M $2.32M $10.07M $15.70M $14.77M
Depreciation & Amortization $15.97M $15.97M $17.76M $21.23M $25.14M $27.38M
Stock-based Compensation $1.28M $1.28M $1.34M $1.39M $1.83M $2.27M
Deferred Income Tax - $-1.66M $366.00K $1.28M - -
Change in Receivables $2.40M $376.00K $203.00K $-528.00K $209.00K $226.00K
Change in Inventory $4.71M $3.13M $-7.41M $-27.27M $23.78M $22.88M
Change in Payables $5.90M $1.26M $826.00K $123.00K $-8.06M $15.87M
Operating Cash Flow $29.27M $5.79M $27.11M $62.06M $2.71M $39.69M
Capital Expenditure $19.66M $9.56M $14.54M $15.31M $14.03M $11.07M
Investing Cash Flow $-19.39M $-9.37M $-14.34M $-15.26M $-14.03M $-11.07M
Stock Repurchased - $31.98M - - $30.17M -
Dividends Paid - - - - - $32.95M
Financing Cash Flow $-7.81M $-7.26M $-503.00K $-45.93M $9.11M $-28.90M
Net Change in Cash $2.07M $-10.84M $12.34M $861.00K $-2.25M $-259.00K
SEC Filing Format - Data shown as it appears in the Q3 2025 (10-Q) filing Period ended: Sep 30, 2025
Condensed Consolidated Statements of Operations
Description Sep 30, 2025 Sep 30, 2025
Current Prior Year Current YTD Prior Year YTD
Total Revenue $83.06M $84.50M $259.33M $267.62M
Cost of Revenue $30.79M $28.28M $92.14M $90.74M
Gross Profit $52.28M $56.23M $167.19M $176.88M
Selling General & Admin $54.24M $55.98M $168.53M $172.49M
Operating Income $-1.97M $250.00K $-1.34M $4.38M
Interest Expense $-4.00K $71.00K $-52.00K $294.00K
Income Before Tax $-1.96M $179.00K $-1.29M $4.09M
Income Tax Expense $-348.00K $138.00K $-242.00K $1.14M
Net Income $-1.61M $41.00K $-1.05M $2.95M
Basic EPS -0.04 0.00 -0.02 0.07
Diluted EPS -0.04 0.00 -0.02 0.07
Basic Shares Outstanding $43.97M $43.79M $43.89M $43.69M
Diluted Shares Outstanding $43.97M $43.89M $43.89M $43.78M
Condensed Consolidated Balance Sheets
Description Sep 30, 2025 Dec 31, 2024
Cash & Cash Equivalents $24.14M $20.96M
Accounts Receivable $3.77M $3.08M
Inventory $87.24M $86.27M
Other Current Assets $8.41M $8.66M
Total Current Assets $124.94M $119.82M
Property Plant & Equipment $56.68M $59.73M
Other Non-current Assets $1.66M $2.30M
Total Assets $315.44M $319.60M
Accounts Payable $24.07M $23.81M
Accrued Liabilities $27.60M $25.64M
Total Current Liabilities $81.23M $78.39M
Long-term Debt - -
Other Non-current Liabilities $5.31M $4.60M
Total Liabilities $192.88M $196.69M
Common Stock $4.00K $4.00K
Retained Earnings $-7.84M $-6.79M
Total Stockholders Equity $122.56M $122.91M
Total Liabilities & Equity $315.44M $319.60M
Condensed Consolidated Statements of Cash Flows
Description Sep 30, 2025 Sep 30, 2025
Current Prior Year Current YTD Prior Year YTD
Net Income $-1.61M $41.00K $-1.05M $2.95M
Depreciation & Amortization $3.71M $4.46M $11.91M $13.80M
Stock-based Compensation $296.00K $336.00K $981.00K $1.01M
Change in Receivables - - $688.00K $382.00K
Change in Inventory - - $973.00K $-9.15M
Change in Payables - - $162.00K $-1.65M
Operating Cash Flow - - $11.26M $28.51M
Capital Expenditure - - $7.92M $11.76M
Investing Cash Flow - - $-7.79M $-11.66M
Financing Cash Flow - - $-284.00K $-481.00K
Net Change in Cash - - $3.19M $16.44M

All values are in USD (United States Dollars). Data is sourced from SEC EDGAR 10-K filings.

Annual data represents full fiscal year results. FY = Fiscal Year ending.

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