Traeger, Inc.

Annual Trend FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Revenue $363.3m $545.8m $785.5m $655.9m $605.9m $604.1m $559.5m
Cost of revenue $207.5m $310.4m $481.8m $427.1m $382.3m $348.6m $340.2m
Gross profit $155.8m $235.4m $303.7m $228.8m $223.6m $255.5m $219.3m
Sales and marketing $66.9m $93.7m $165.2m $130.7m $108.7m $109.7m $90.2m
General and administrative $45.3m $50.2m $158.6m $166.8m $129.8m $113.5m $95.0m
Amortization of intangible assets $33.1m $32.5m $34.4m $35.6m $35.6m $35.3m $35.3m
Goodwill impairment $0 $0 $222.3m $0 $0 $74.7m
Change in contingent consideration $0 $0 $3.8m $10.0m $4.7m $0 $0
Loss from operations $10.5m $58.9m ($58.2m) ($345.9m) ($55.4m) ($2.9m) ($97.7m)
Other income, net ($462k) $7.5m $2.7m ($7.1m) $4.3m $480k $9.8m
Loss before provision (benefit) for income taxes ($29.5m) $32.4m ($87.3m) ($381.0m) ($82.4m) ($36.0m) ($119.3m)
Provision (benefit) for income taxes $124k $749k $1.5m $1.2m $2.0m ($2.0m) ($4.1m)
Net loss ($29.6m) $31.6m ($88.8m) ($382.1m) ($84.4m) ($34.0m) ($115.2m)
Foreign currency translation adjustments $0 $0 ($86k) ($61k) $129k $62k ($68k)
Change in cash flow hedge $0 $0 $23.4m ($2.1m) $0 $0
Amortization of dedesignated cash flow hedge $0 $0 ($10.4m) ($6.7m) ($3.7m)
Comprehensive loss ($29.6m) $31.6m ($88.9m) ($358.8m) ($96.7m) ($40.6m) ($119.0m)
Total other comprehensive loss $0 $0 ($86k) $23.3m ($12.3m) ($6.6m) ($3.8m)
Net income (loss) per share - basic (in dollars per share) ($0) $0 ($1) ($3) ($1) ($0) ($1)
Net income (loss) per share - diluted (in dollars per share) ($0) $0 ($1) ($3) ($1) ($0) ($1)
Weighted average common shares outstanding - basic (in shares) 108.7m 108.7m 112.4m 119.7m 123.7m 127.4m 133.1m
Weighted average common shares outstanding - diluted (in shares) 108.7m 108.7m 112.4m 119.7m 123.7m 127.4m 133.1m
Restructuring and other costs $0 $0 $9.3m $225k $0 $21.8m
Interest expense ($39.5m) ($34.1m) ($26.6m) ($27.9m) ($31.3m) ($33.5m) ($31.4m)
Total operating expense $145.3m $176.5m $361.9m $574.7m $279.0m $258.4m $317.1m
Total other expense ($39.9m) ($26.5m) ($29.1m) ($35.0m) ($27.0m) ($33.0m) ($21.6m)