SharkNinja (SN) Q2 FY2025 earnings: revenue $1.4 billion

SharkNinja, Inc. (SN) reported revenue of $1.4 billion for Q2 FY2025, the quarter ended 30 June 2025. Net income was $140 million, and diluted earnings per share $0.98. The figures are the company's own, from the 10-Q it filed with the SEC on 5 August 2026.

Revenue$1.4 billion

Net income$140 million

Diluted EPS$0.98

QuarterQ2 FY2025ended 30 June 2025

The quarter, against the one before and a year earlier

Line	Q2 FY2025	Q1 FY2025	A year earlier	Change on the year
Revenue	1,445	1,223	n/a	n/a
Cost of revenue	737	619	n/a	n/a
Gross profit	708	603	n/a	n/a
Gross margin	49.0%	49.3%	n/a
Research and development	89.4	87.6	n/a	n/a
Operating income	169	145	n/a	n/a
Operating margin	11.7%	11.9%	n/a
Pre-tax income	181	146	n/a	n/a
Income tax	41.3	27.7	n/a	n/a
Effective tax rate	22.8%	19.0%	n/a
Net income	140	118	n/a	n/a
Net margin	9.7%	9.6%	n/a
Diluted EPS	$0.98	$0.83	n/a	n/a

$ million except per share.

Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow and capital returned

Line	Q2 FY2025	Q1 FY2025	A year earlier	Change on the year
Operating cash flow	-9.1	-54.9	n/a	n/a
Capital expenditure	27.4	32.7	n/a	n/a
Free cash flow	-36.5	-87.5	n/a	n/a
Free cash flow margin	-2.5%	-7.2%	n/a
Cash from investing	-27.6	-36.8	n/a	n/a
Cash from financing	-10.9	-51.1	n/a	n/a
Depreciation and amortisation	35.1	31.9	n/a	n/a
Share-based compensation	10.9	11.6	n/a	n/a
Buybacks	0.0	0.0	n/a	n/a
Diluted shares, weighted	142m	142m	n/a	n/a
Shares outstanding at period end	141m	142m	n/a	n/a

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet at quarter end

Line	Q2 FY2025	Q1 FY2025	A year earlier	Change on the year
Shareholders' equity	2,208	2,038	n/a	n/a
Cash and equivalents	188	225	n/a	n/a

Quarterly results, the last 4 quarters

	Q1 FY2025	Q2 FY2025	Q1 FY2026	Q2 FY2026
Revenue	1,223	1,445	1,413	1,765
Cost of revenue	619	737	718	905
Gross profit	603	708	695	860
Gross margin	49%	49%	49%	49%
R&D	87.6	89.4	98.9	109
Operating income	145	169	165	179
Operating margin	12%	12%	12%	10%
Pre-tax income	146	181	148	164
Tax rate	19%	23%	18%	21%
Net income	118	140	121	130
Net margin	10%	10%	9%	7%
Diluted EPS	$0.83	$0.98	$0.85	$0.92
Operating cash flow	-54.9	-9.1	-156	432
Capital expenditure	32.7	27.4	33.9	49.1
Free cash flow	-87.5	-36.5	-190	383
Buybacks	0.0	0.0	18.5	101
Shares outstanding	142m	141m	142m	141m
Filing	10-Q	10-Q	10-Q	10-Q

Each quarter as filed, linked to its filing.

Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Source

10-Q for the period ended 30 June 2025, filed 5 August 2026, accession 0001957132-26-000048: the filing on EDGAR. All of SharkNinja, Inc.'s filings: EDGAR company page.

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