Honest Company, Inc.

Annual Trend FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Depreciation and amortization $7.7m $4.9m $4.1m $2.8m $2.7m $2.8m $2.9m
Amortization of operating ROU assets $6.2m $6.3m $6.4m $6.6m
Fixed asset impairment $0 $0 $2.9m
Operating lease liabilities ($7.0m) ($7.7m) ($8.1m) ($8.9m)
Net loss ($31.1m) ($14.5m) ($38.7m) ($49.0m) ($39.2m) ($6.1m) ($15.7m)
Stock-based compensation $8.4m $7.9m $16.8m $15.1m $15.8m $15.7m $10.5m
Apparel inventory write-down $0 $0 $15.9m
Other ($156k) $166k $311k $6.3m $6.3m $746k $6.2m
Accounts receivable, net ($2.5m) $1.5m ($9.0m) ($10.6m) ($750k) ($378k) $10.2m
Inventories $4.6m ($24.1m) $1.0m ($40.0m) $42.2m ($10.9m) ($7.5m)
Prepaid expenses and other assets ($1.4m) ($1.5m) ($6.1m) ($4.4m) $8.0m ($1.4m) $3.6m
Accounts payable, accrued expenses and other long-term liabilities ($5.2m) $13.7m ($6.7m) $10.4m ($9.3m) $3.8m ($11.2m)
Deferred revenue ($412k) ($109k) $14k $83k $1.4m ($998k) ($375k)
Purchases of property and equipment ($661k) ($200k) ($220k) ($1.6m) ($1.8m) ($530k) ($1.5m)
Purchases of intangible assets $0 $0 ($10k) $0 $0
Proceeds from exercise of stock options $252k $41k $5.7m $122k $4k $41.5m $384k
Proceeds from 2021 ESPP $291k $256k $176k $163k $152k
Payments on finance lease liabilities ($1.0m) ($1.1m) ($303k) ($58k) ($19k) ($1k)
Beginning of the period $13.5m $37.2m $50.8m $9.5m $32.8m $75.4m $89.6m
Interest $1.7m $1.8m $1.8m $8k $1k $0 $0
Income Taxes $75k $102k $76k $101k $116k $89k $110k
Capital expenditures included in accounts payable and accrued expenses $606k $44k $33k $54k $25k $44k $496k
Net cash provided by operating activities ($20.0m) ($12.1m) ($38.2m) ($76.3m) $19.4m $1.5m $15.1m
Proceeds from maturities of short-term investments $81.3m $53.5m $29.5m $49.4m $5.7m $0 $0
Net cash provided (used in) provided by investing activities $11.0m $36.7m ($8.6m) $35.0m $3.8m ($530k) ($1.5m)
Net cash provided by financing activities ($305k) ($973k) $60.4m $38k $122k $41.6m $535k
Net increase in cash and cash equivalents ($9.3m) $23.7m $13.6m ($41.3m) $23.3m $42.6m $14.1m
Cash and cash equivalents