← Latham Group, Inc.

Annual Trend FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026
ASSETS
Current assets:
Prepaid Expense and Other Assets, Current $6.1m $10.8m $6.0m $7.3m $8.5m $20.9m —
Trade receivables, net $32.8m $60.8m $48.8m $30.4m $32.3m $39.9m —
Inventories, net $64.8m $109.6m $165.2m $97.1m $77.1m $74.9m —
Income tax receivable $4.4m $4.0m $2.3m $983k $4.0m $12.2m —
Prepaid expenses and other current assets $6.1m $10.8m $6.0m $7.3m $8.5m $20.9m —
Accounts receivable and other receivables $67.7m $69.4m $100.9m $92.5m $98.8m $95.3m $76.5m
Tax credits receivable $5.9m $4.9m $8.5m $9.9m $9.9m $11.0m $8.3m
Prepaids $3.2m $3.9m $6.2m $7.7m $7.1m $8.7m $8.5m
Current restricted cash and cash equivalents — $0 $3.3m $0 — — —
Income taxes receivable $2.2m $642k $0 — — — —
Allowance For Doubtful Accounts Receivable — — ($3.2m) ($7.5m) ($5.9m) ($6.5m) —
Cash And Cash Equivalents — — $32.6m $102.8m $56.4m $71.0m —
Cash Cash Equivalents And Short Term Investments — — $32.6m $102.8m $56.4m $71.0m —
Gross Accounts Receivable — — $52.0m $37.9m $38.2m $46.4m —
Other Current Assets — — $6.0m $7.3m $8.5m $20.9m —
Taxes Receivable — — $2.3m $983k $4.0m $12.2m —
Inventory, Net $64.8m $109.6m $165.2m $97.1m $77.1m $74.9m —
Assets, Current $167.3m $229.1m $255.0m $238.6m $178.3m $219.0m —
Total current assets $167.3m $229.1m $255.0m $238.6m $178.3m $219.0m $138.2m
Property, Plant and Equipment, Net $47.4m $63.5m $98.2m $113.0m $112.8m $118.8m $3.7m
Goodwill $115.8m $128.9m $131.4m $131.4m $152.6m $155.2m $159.4m
Intangible Assets, Net (Excluding Goodwill) $289.5m $338.3m $309.2m $282.8m $292.9m $268.1m —
Intangible assets, net $289.5m $338.3m $309.2m $282.8m $292.9m $268.1m —
Intangibles $51.8m $36.6m $101.9m $104.3m $81.3m $74.5m $55.3m
Goodwill And Other Intangible Assets — — $440.6m $414.2m $445.5m $423.3m —
Other Intangible Assets — — $309.2m $282.8m $292.9m $268.1m —
Operating Lease, Right-of-Use Asset — — $38.3m $30.8m $28.3m $30.7m —
Other Assets, Noncurrent — $765k $4.7m — — — —
Operating lease right-of-use assets — — $38.3m $30.8m $28.3m $30.7m —
Other assets — $765k $4.7m $5.0m $3.6m $4.2m $1.0m
Right-of-use assets $11.5m $11.1m $15.1m $9.4m $5.6m $4.3m $2.6m
Additional Financial Items
Accounts Receivable, after Allowance for Credit Loss, Current $32.8m $60.8m $48.8m $30.4m $32.3m $39.9m —
Accrued Liabilities, Current $53.5m $59.1m $50.9m — — — —
Cash $59.3m $44.0m $32.6m $102.8m $56.4m $71.0m $12.8m
Equity method investment $25.4m $23.4m $25.1m $25.9m $24.9m $26.5m —
Deferred tax assets $345k $10.6m $7.8m $7.5m $729k $718k $5.3m
Current operating lease liabilities — — $6.9m $7.1m $7.2m $7.6m —
Accrued expenses and other current liabilities $53.5m $59.1m $50.9m $40.7m $47.4m $49.0m —
Non-current operating lease liabilities — — $32.4m $24.8m $22.1m $24.0m —
Unbilled revenues — $9.9m $17.3m $23.4m $14.9m $14.8m $32.1m
Investments accounted for using equity method — — — — — $0 $2.5m
Current portion of lease liabilities $1.6m $1.9m $3.5m $3.9m $4.1m $3.5m $1.6m
Current portion of contingent consideration — — — — — $0 $3.2m
Contingent consideration — — $0 $7.0m $4.1m $5.4m $2.7m
Lease liabilities $11.7m $13.5m $17.8m $14.6m $7.4m $5.4m $4.2m
Share capital $195.3m $197.5m $305.2m $312.0m $312.4m $316.7m $308.0m
Deficit ($78.8m) ($96.2m) ($111.7m) ($141.5m) ($157.4m) ($155.1m) ($186.9m)
Contributed surplus $4.7m $7.2m $7.1m $14.1m $15.6m $14.9m $15.5m
Equity and liabilities $257.8m $243.3m $447.7m $464.1m $416.5m $426.0m $382.0m
Restricted cash $2.2m $3.2m $0 — — — —
Unbilled revenue $8.0m $9.9m — — — — —
Accumulated Depreciation — — ($31.8m) ($47.2m) ($61.9m) ($84.2m) —
Buildings And Improvements — — $9.9m $39.0m $38.6m $43.5m —
Capital Lease Obligations — — $39.3m $31.9m $29.3m $31.6m —
Cash Financial — — $32.6m $102.8m $56.4m $71.0m —
Construction In Progress — — $46.6m $17.6m $17.5m $16.0m —
Current Accrued Expenses — — $41.7m $32.3m $41.2m $41.6m —
Current Capital Lease Obligation — — $6.9m $7.1m $7.2m $7.6m —
Current Debt — — $3.2m $21.2m $3.2m $3.2m —
Current Debt And Capital Lease Obligation — — $10.2m $28.4m $10.4m $10.9m —
Current Deferred Liabilities — — $4.5m $3.8m $3.8m $4.3m —
Current Provisions — — $3.8m $2.9m $2.4m $3.1m —
Dueto Related Parties Current — $850k $358k $8k $0 — —
Finished Goods — — $69.8m $42.1m $27.8m $24.0m —
Gross PPE — — $168.3m $191.0m $203.0m $233.7m —
Income Tax Payable — $587k $923k $1.7m $0 — —
Interest Payable — — $2.9m $3.0m $4.2m $2.0m —
Invested Capital — — $695.7m $700.4m $668.7m $685.7m —
Investments And Advances — — $25.1m $25.9m $24.9m $26.5m —
Land And Improvements — — $1.8m $2.8m $2.7m $2.7m —
Leases — — $9.6m $12.4m $13.7m $15.6m —
Long Term Capital Lease Obligation — — $32.4m $24.8m $22.1m $24.0m —
Long Term Equity Investment — — $25.1m $25.9m $24.9m $26.5m —
Machinery Furniture Equipment — — $45.1m $66.6m $79.2m $96.6m —
Net Debt — — $280.3m $198.4m $225.1m $208.8m —
Net PPE — — $136.5m $143.8m $141.1m $149.5m —
Net Tangible Assets — — ($57.8m) ($15.0m) ($58.3m) ($17.4m) —
Non Current Deferred Assets — — $7.8m $7.5m $729k $718k —
Non Current Deferred Liabilities — — $57.3m $40.1m $32.3m $34.3m —
Non Current Deferred Taxes Assets — — $7.8m $7.5m $729k $718k —
Ordinary Shares Number — — $114.7m $114.9m $115.8m $116.8m —
Other Current Borrowings — — $3.2m $21.2m $3.2m $3.2m —
Other Equity Adjustments — — ($3.5m) ($3.5m) ($5.0m) ($3.9m) —
Other Non Current Assets — — $4.7m $5.0m $3.6m $4.2m —
Other Non Current Liabilities — — $702k $4.8m $3.3m $3.4m —
Other Properties — — $55.2m $52.6m $51.3m $59.4m —
Properties — — $0 $0 $0 $0 —
Raw Materials — — $95.4m $55.1m $49.3m $51.0m —
Share Issued — — $114.7m $114.9m $115.8m $116.8m —
Tangible Book Value — — ($57.8m) ($15.0m) ($58.3m) ($17.4m) —
Working Capital — — $168.1m $152.4m $107.3m $139.9m —
Total stockholders’ equity $281.6m $353.6m $382.8m $399.2m $387.2m $405.9m —
Total Capitalization — — $692.4m $679.2m $665.5m $682.5m —
Total Debt — — $352.2m $333.1m $310.8m $311.4m —
Total Non Current Assets — — $614.7m $596.4m $615.9m $604.2m —
Total Tax Payable — $587k $923k $1.7m $0 — —
Assets $646.7m $794.5m $869.7m $835.0m $794.2m $823.2m —
Total assets $646.7m $794.5m $869.7m $835.0m $794.2m $823.2m $382.0m
LIABILITIES AND EQUITY
Total liabilities and stockholders’ equity $646.7m $794.5m $869.7m $835.0m $794.2m $823.2m —
Current liabilities:
Operating Lease, Liability, Current — — $6.9m $7.1m $7.2m $7.6m —
Accounts Payable, Current $26.9m $38.0m $25.4m $17.1m $13.1m $19.3m —
Operating Lease, Liability, Noncurrent — — $32.4m $24.8m $22.1m $24.0m —
Deferred Revenue, Current $4.5m $5.9m $4.5m $3.8m $3.8m $4.3m $22.4m
Long-term Debt, Excluding Current Maturities $52.1m $19.8m $309.6m $280.0m $278.3m $276.6m $112.4m
Long-term Debt, Current Maturities $13.0m $17.2m $3.2m $21.2m $3.2m $3.2m —
Long-term Debt, Excluding Current Maturities $52.1m $19.8m $309.6m $280.0m $278.3m $276.6m $112.4m
Current maturities of long-term debt $13.0m $17.2m $3.2m $21.2m $3.2m $3.2m —
Long-term debt, net of discount, debt issuance costs, and current portion $208.5m $263.2m $309.6m $280.0m $278.3m $276.6m —
Accounts payable and accrued liabilities $50.3m $51.6m $89.7m $91.3m $74.9m $80.9m $74.7m
Current portion of long-term debt $1.1m $35.1m $19.3m $12.8m $12.7m $8.1m $8.5m
Payables And Accrued Expenses — — $68.4m $51.1m $54.4m $60.9m —
Liabilities, Current $93.9m $115.2m $86.9m $86.2m $71.0m $79.1m —
Total current liabilities $93.9m $115.2m $86.9m $86.2m $71.0m $79.1m $110.3m
Deferred Income Tax Liabilities, Net $55.2m $56.3m $50.2m $40.1m $32.3m $34.3m —
Other Liabilities, Noncurrent $1.9m $453k $702k $4.8m $3.3m $3.4m —
Other long-term liabilities $1.9m $453k $702k $4.8m $3.3m $3.4m —
Deferred tax liabilities $4.1m $3.0m $10.0m $8.6m $8.1m $11.2m $9.6m
Long Term Debt And Capital Lease Obligation — — $342.0m $304.7m $300.4m $300.6m —
Non Current Deferred Taxes Liabilities — — $57.3m $40.1m $32.3m $34.3m —
Deferred Tax Liabilities, Net $55.2m $56.3m $50.2m $40.1m $32.3m $34.3m —
Liabilities $365.1m $440.8m $486.9m $435.8m $407.0m $417.4m —
Total liabilities $365.1m $440.8m $486.9m $435.8m $407.0m $417.4m $239.3m
Stockholders’ equity:
Preferred Stock, Value, Issued $0 $0 $0 $0 $0 $0 —
Common Stock, Value, Issued $12k $12k $11k $11k $12k $12k —
Additional Paid in Capital $265.5m $401.8m $440.9m $459.7m $467.1m $473.4m —
Retained Earnings (Accumulated Deficit) $13.8m ($48.6m) ($54.6m) ($57.0m) ($74.8m) ($63.7m) —
Accumulated Other Comprehensive Income (Loss), Net of Tax $2.4m $370k ($3.5m) ($3.5m) ($5.0m) ($3.9m) —
Preferred stock, $0.0001 par value; 100,000,000 shares authorized as of both December 31, 2024 and December 31, 2023; no shares issued and outstanding as of both December 31, 2024 and December 31, 2023 0 0 0 0 0 0 —
Common stock, $0.0001 par value; 900,000,000 shares authorized as of December 31, 2024 and December 31, 2023; 115,764,839 and 114,871,782 shares issued and outstanding, as of December 31, 2024 and December 31, 2023, respectively 12k 12k 11k 11k 12k 12k —
Accumulated deficit $13.8m ($48.6m) ($54.6m) ($57.0m) ($74.8m) ($63.7m) —
Accumulated other comprehensive loss $2.4m $370k ($3.5m) ($3.5m) ($5.0m) ($3.9m) —
Accumulated other comprehensive income $6.1m ($508k) ($947k) $4.6m $4.6m $8.0m $6.1m
Capital Stock — — $11k $11k $12k $12k —
Gains Losses Not Affecting Retained Earnings — — ($3.5m) ($3.5m) ($5.0m) ($3.9m) —
Preferred Stock — — $0 $0 $0 $0 —
Stockholders' Equity Attributable to Parent $281.6m $353.6m $382.8m $399.2m $387.2m $405.9m —
Total Equity Gross Minority Interest — — $382.8m $399.2m $387.2m $405.9m —
Total Non Current Liabilities Net Minority Interest — — $400.0m $349.6m $336.0m $338.2m —
Liabilities and Equity $646.7m $794.5m $869.7m $835.0m $794.2m $823.2m —

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.