Playboy Inc Financials
This page shows Playboy Inc (PLBY) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 6 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
PLBY's FY2025 improvement came from resizing costs around a smaller revenue base, leaving free cash flow near $0 .
Year over year, revenue rose only4.1% while operating cash flow improved by about$19.2M , showing the business was rebuilt around a smaller sales base rather than rescued by volume. That shift lines up with a higher gross margin and a much lower interest burden, so the cleaner result reflects internal cost and financing changes, not a return to former scale.
The latest gross margin of
The balance sheet is still thinly capitalized: liabilities are
Financial Health Signals
Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →
Health score ≠ stock price. This rates the quality of Playboy Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Playboy Inc has an operating margin of -6.6%, meaning the company retains $-7 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is up from -43.8% the prior year.
Playboy Inc's revenue grew a modest 4.1% year-over-year to $120.9M. This slow but positive growth earns a score of 20/100.
Playboy Inc has elevated debt relative to equity (D/E of 9.40), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 0/100, reflecting increased financial risk.
Playboy Inc's current ratio of 1.03 is below the typical benchmark, resulting in a score of 15/100. However, the company holds substantial cash reserves (59% of current liabilities), which buffers actual liquidity risk. Large mature operators often run tight current ratios by design.
While Playboy Inc generated $18K in operating cash flow, capex of $1.0M consumed most of it, leaving -$1.0M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
Playboy Inc generates a -69.0% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100.
Playboy Inc passes 6 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Playboy Inc generates $-0.00 in operating cash flow ($18K OCF vs -$12.7M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
Playboy Inc earns $-1.0 in operating income for every $1 of interest expense (-$8.0M vs $8.2M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
Playboy Inc generated $120.9M in revenue in fiscal year 2025. This represents an increase of 4.1% from the prior year.
Playboy Inc's EBITDA was -$5.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 88.6% from the prior year.
Playboy Inc reported -$12.7M in net income in fiscal year 2025. This represents an increase of 84.0% from the prior year.
Playboy Inc earned $-0.13 per diluted share (EPS) in fiscal year 2025. This represents an increase of 87.5% from the prior year.
Cash & Balance Sheet
Playboy Inc generated -$1.0M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 95.3% from the prior year.
Playboy Inc held $37.8M in cash against $172.6M in long-term debt as of fiscal year 2025.
Playboy Inc paid $0.00 per share in dividends in fiscal year 2025.
Playboy Inc had 113M shares outstanding in fiscal year 2025. This represents an increase of 25.5% from the prior year.
Margins & Returns
Playboy Inc's gross margin was 71.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 7.0 percentage points from the prior year.
Playboy Inc's operating margin was -6.6% in fiscal year 2025, reflecting core business profitability. This is up 37.1 percentage points from the prior year.
Playboy Inc's net profit margin was -10.5% in fiscal year 2025, showing the share of revenue converted to profit. This is up 57.9 percentage points from the prior year.
Playboy Inc's ROE was -69.0% in fiscal year 2025, measuring profit generated per dollar of shareholder equity.
Capital Allocation
Playboy Inc invested $1.0M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 54.7% from the prior year.
PLBY Income Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $30.2M-13.4% | $34.9M+20.4% | $29.0M+3.0% | $28.1M-2.5% | $28.9M-13.8% | $33.5M+13.8% | $29.4M+18.3% | $24.9M |
| Cost of Revenue | $9.5M+2.3% | $9.3M+34.2% | $7.0M-28.6% | $9.7M+7.6% | $9.1M-7.4% | $9.8M-14.8% | $11.5M+43.1% | $8.0M |
| Gross Profit | $20.7M-19.1% | $25.6M+16.1% | $22.0M+19.7% | $18.4M-7.1% | $19.8M-16.4% | $23.7M+32.0% | $18.0M+6.5% | $16.9M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $23.2M+1.8% | $22.8M+11.7% | $20.4M-8.6% | $22.4M-11.9% | $25.4M-4.9% | $26.7M+8.9% | $24.5M-3.8% | $25.5M |
| Operating Income | -$1.6M-159.7% | $2.7M+101.2% | $1.4M+123.2% | -$5.9M+6.0% | -$6.3M-40.5% | -$4.5M+84.2% | -$28.3M-207.1% | -$9.2M |
| Interest Expense | $2.5M-0.2% | $2.5M+30.0% | $1.9M+1.0% | $1.9M+1.0% | $1.9M-52.9% | $4.0M-39.9% | $6.7M+1.2% | $6.6M |
| Income Tax | $850K+132.1% | -$2.6M-373.2% | -$560K-163.0% | $889K-18.8% | $1.1M+23.7% | $885K+49.0% | $594K-3.6% | $616K |
| Net Income | -$4.0M-210.5% | $3.6M+680.0% | $460K+106.0% | -$7.7M+15.1% | -$9.0M+27.9% | -$12.5M+62.8% | -$33.8M-102.7% | -$16.7M |
| EPS (Diluted) | $-0.03 | N/A | $0.00+100.0% | $-0.08+20.0% | $-0.10 | N/A | $-0.45-95.7% | $-0.23 |
PLBY Balance Sheet
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $285.8M-2.3% | $292.4M+5.1% | $278.3M+5.4% | $264.1M-2.4% | $270.6M-5.0% | $284.7M+4.8% | $271.5M-10.0% | $301.8M |
| Current Assets | $59.5M-9.2% | $65.5M+27.7% | $51.3M+29.9% | $39.5M-13.2% | $45.5M-20.9% | $57.5M-36.3% | $90.3M+90.2% | $47.5M |
| Cash & Equivalents | $30.2M-20.2% | $37.8M+37.6% | $27.5M+39.9% | $19.6M-17.3% | $23.7M-23.2% | $30.9M+223.9% | $9.5M-43.4% | $16.9M |
| Inventory | $11.4M-11.7% | $12.9M+62.1% | $8.0M+10.5% | $7.2M-11.0% | $8.1M-9.1% | $8.9M+12830.4% | $69K-99.3% | $10.4M |
| Accounts Receivable | $3.7M-10.7% | $4.1M+11.9% | $3.7M+36.0% | $2.7M-34.9% | $4.2M-42.8% | $7.3M+69.2% | $4.3M-24.9% | $5.7M |
| Goodwill | $38.0M+1.5% | $37.5M+0.6% | $37.3M+0.7% | $37.0M+2.4% | $36.1M+0.3% | $36.0M+123.9% | $16.1M-70.5% | $54.5M |
| Total Liabilities | $251.7M-8.2% | $274.2M-0.2% | $274.7M+4.6% | $262.6M-0.4% | $263.8M-1.9% | $268.8M-6.5% | $287.5M+0.4% | $286.3M |
| Current Liabilities | $59.7M-6.4% | $63.8M+15.0% | $55.5M+5.9% | $52.4M-3.0% | $54.0M-3.3% | $55.8M-10.9% | $62.7M+18.6% | $52.9M |
| Long-Term Debt | $157.5M-8.8% | $172.6M-1.5% | $175.3M-0.6% | $176.3M+0.4% | $175.6M-0.4% | $176.2M-11.8% | $199.7M+1.9% | $195.9M |
| Total Equity | $33.5M+82.2% | $18.4M+387.0% | $3.8M+121.6% | -$17.5M-53.7% | -$11.4M-47.2% | -$7.7M+50.9% | -$15.7M-200.4% | $15.7M |
| Retained Earnings | -$710.9M-0.6% | -$706.9M+0.5% | -$710.3M+0.1% | -$710.7M-1.1% | -$702.7M-1.3% | -$693.6M-1.9% | -$681.0M-5.3% | -$647.0M |
PLBY Cash Flow Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$8.1M-677.1% | $1.4M-86.2% | $10.1M+360.6% | -$3.9M+49.0% | -$7.6M-4832.9% | $161K+102.5% | -$6.5M-115.3% | -$3.0M |
| Capital Expenditures | $632K+127.3% | $278K-12.3% | $317K-19.7% | $395K+1061.8% | $34K-94.0% | $562K+23.2% | $456K-29.8% | $650K |
| Free Cash Flow | -$8.7M-877.2% | $1.1M-88.6% | $9.8M+329.1% | -$4.3M+44.1% | -$7.7M-1808.7% | -$401K+94.3% | -$7.0M-89.6% | -$3.7M |
| Investing Cash Flow | $14.4M+4872.7% | $289K-34.0% | $438K+406.3% | -$143K-320.6% | -$34K+82.1% | -$190K+58.3% | -$456K-149.5% | $922K |
| Financing Cash Flow | -$14.5M-267.0% | $8.7M+50994.1% | $17K+123.0% | -$74K-85.0% | -$40K-100.2% | $22.2M+6577.2% | -$342K-146.0% | -$139K |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
PLBY Financial Ratios
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 68.4%-4.8pp | 73.3%-2.7pp | 76.0%+10.6pp | 65.4%-3.2pp | 68.7%-2.1pp | 70.8%+9.8pp | 61.0%-6.8pp | 67.8% |
| Operating Margin | -5.4%-13.3pp | 7.9%+3.2pp | 4.7%+25.6pp | -20.9%+0.8pp | -21.7%-8.4pp | -13.3%+82.7pp | -96.0%-59.0pp | -37.0% |
| Net Margin | -13.1%-23.4pp | 10.3%+8.7pp | 1.6%+28.9pp | -27.3%+4.0pp | -31.3%+6.1pp | -37.5%+77.2pp | -114.7%-47.7pp | -66.9% |
| Return on Equity | -11.8%-31.4pp | 19.5%+7.3pp | 12.2% | N/A | N/A | N/A | N/A | -106.2% |
| Return on Assets | -1.4%-2.6pp | 1.2%+1.1pp | 0.2%+3.1pp | -2.9%+0.4pp | -3.3%+1.1pp | -4.4%+8.0pp | -12.4%-6.9pp | -5.5% |
| Current Ratio | 1.00-0.0 | 1.03+0.1 | 0.92+0.2 | 0.75-0.1 | 0.84-0.2 | 1.03-0.4 | 1.44+0.5 | 0.90 |
| Debt-to-Equity | 4.70-4.7 | 9.40-37.1 | 46.45+56.5 | -10.08+5.3 | -15.43+7.4 | -22.79-10.1 | -12.68-25.2 | 12.49 |
| FCF Margin | -28.7%-31.9pp | 3.2%-30.6pp | 33.8%+49.0pp | -15.2%+11.3pp | -26.5%-25.3pp | -1.2%+22.5pp | -23.7%-8.9pp | -14.8% |
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Frequently Asked Questions
What is Playboy Inc's annual revenue?
Playboy Inc (PLBY) reported $120.9M in total revenue for fiscal year 2025. This represents a 4.1% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Playboy Inc's revenue growing?
Playboy Inc (PLBY) revenue grew by 4.1% year-over-year, from $116.1M to $120.9M in fiscal year 2025.
Is Playboy Inc profitable?
No, Playboy Inc (PLBY) reported a net income of -$12.7M in fiscal year 2025, with a net profit margin of -10.5%.
What is Playboy Inc's EBITDA?
Playboy Inc (PLBY) had EBITDA of -$5.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Playboy Inc have?
As of fiscal year 2025, Playboy Inc (PLBY) had $37.8M in cash and equivalents against $172.6M in long-term debt.
What is Playboy Inc's gross margin?
Playboy Inc (PLBY) had a gross margin of 71.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Playboy Inc's operating margin?
Playboy Inc (PLBY) had an operating margin of -6.6% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Playboy Inc's net profit margin?
Playboy Inc (PLBY) had a net profit margin of -10.5% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Playboy Inc's return on equity (ROE)?
Playboy Inc (PLBY) has a return on equity of -69.0% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Playboy Inc's free cash flow?
Playboy Inc (PLBY) generated -$1.0M in free cash flow during fiscal year 2025. This represents a 95.3% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Playboy Inc's operating cash flow?
Playboy Inc (PLBY) generated $18K in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Playboy Inc's total assets?
Playboy Inc (PLBY) had $292.4M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Playboy Inc's capital expenditures?
Playboy Inc (PLBY) invested $1.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Playboy Inc's current ratio?
Playboy Inc (PLBY) had a current ratio of 1.03 as of fiscal year 2025, which is considered adequate.
What is Playboy Inc's debt-to-equity ratio?
Playboy Inc (PLBY) had a debt-to-equity ratio of 9.40 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Playboy Inc's return on assets (ROA)?
Playboy Inc (PLBY) had a return on assets of -4.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Playboy Inc's Piotroski F-Score?
Playboy Inc (PLBY) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Playboy Inc's earnings high quality?
Playboy Inc (PLBY) has an earnings quality ratio of -0.00x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Playboy Inc cover its interest payments?
Playboy Inc (PLBY) has an interest coverage ratio of -1.0x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Playboy Inc?
Playboy Inc (PLBY) scores 6 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.