Holley Inc.

Annual Trend FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Net sales $368.7m $504.2m $692.8m $688.4m $659.7m $602.2m $613.5m
Cost of goods sold $219.9m $295.9m $406.0m $434.8m $403.6m $363.7m $347.3m
Gross profit $148.8m $208.2m $286.8m $253.7m $256.1m $238.5m $266.2m
Selling, general, and administrative $62.4m $70.9m $116.8m $150.7m $120.2m $132.1m $146.1m
Operating income $46.1m $85.5m $77.5m $50.7m $94.0m $14.7m $82.5m
Amortization of intangible assets $10.5m $11.1m $14.0m $14.7m $14.6m $13.9m $13.8m
Impairment of indefinite-lived intangible assets $0 $0 $2.4m $0 $7.7m $0
Impairment of goodwill $0 $0 $40.9m $0
Loss on sale of assets $9.2m $0
Change in fair value of warrant liability $0 $32.6m ($57.0m) $4.1m ($7.6m) $1.2m
Change in fair value of earn-out liability $0 $8.9m ($10.7m) $2.3m ($2.3m) $897k
Loss (gain) on early extinguishment of debt $0 ($13.7m) $0 ($701k) $141k ($93k)
Income (loss) before income taxes ($4.3m) $41.7m ($16.7m) $78.3m $27.6m ($26.3m) $28.6m
Foreign currency translation adjustment $16k $30k ($990k) $234k ($452k) $1.3m
Total other comprehensive income (loss) ($277k) $418k ($688k) $234k ($452k) $1.3m
Total comprehensive income (loss) $438k $32.6m ($26.7m) $73.1m $19.4m ($23.7m) $20.5m
Net income (loss) $561k $32.9m ($27.1m) $73.8m $19.2m ($23.2m) $19.2m
Basic net income (loss) per share ((in usd per share)) $0 $0 ($0) $1 $0 ($0) $0
Diluted net income (loss) per share (in usd per share) $0 $0 ($0) $0 $0 ($0) $0
Weighted average common shares outstanding - basic (in shares) 67.7m 90.0m 116.8m 117.4m 118.4m 119.2m
Weighted average common shares outstanding - diluted (in shares) 67.7m 90.0m 117.2m 118.5m 118.4m 120.0m
Research and development costs $20.6m $23.5m $28.3m $29.1m $23.8m $18.7m $18.8m
Restructuring costs $4.5m $2.6m $1.6m $2.9m
Other operating expense (income) $644k $1.5m $755k $1.5m $765k ($268k) $2.1m
Interest expense, net ($39.1m) ($40.2m) ($60.7m) ($50.7m) ($51.8m)
Income tax expense (benefit) ($4.9m) $8.8m $10.4m $4.5m $8.4m ($3.0m) $9.5m
Total operating expense $102.7m $122.8m $209.3m $202.9m $162.1m $223.9m $183.8m
Total non-operating expense $50.4m $43.8m $94.2m ($27.5m) $66.5m $40.9m $53.8m