Traeger, Inc. income statement
In fiscal 2025, Traeger, Inc. reported revenue of $560m, down 7.4% on the year before, operating income of −$97.7m (a -17.5% margin) and net income of −$115m, or −$0.87 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 363 | 546 | 786 | 656 | 606 | 604 | 560 | 485 |
| Cost of revenue | 208 | 311 | 485 | 427 | 382 | 349 | 340 | 292 |
| Gross profit | 156 | 235 | 301 | 229 | 224 | 255 | 219 | 193 |
| Research and development | — | 7 | 19 | 11 | 12 | 15 | 12 | — |
| Selling and marketing | 67 | 94 | 165 | 131 | 109 | 110 | 90 | 73 |
| General and administrative | 45 | 50 | 159 | 167 | 130 | 113 | 95 | 85 |
| Operating income | 10 | 58 | −61 | −346 | −55 | −3 | −98 | −98 |
| Interest expense | 39 | 34 | 27 | 28 | 31 | 34 | 31 | 31 |
| Income before tax | −29 | 32 | −90 | −381 | −82 | −36 | −119 | −116 |
| Income tax | 0 | 1 | 1 | 1 | 2 | −2 | −4 | −3 |
| Net income | −30 | 31 | −92 | −382 | −84 | −34 | −115 | −113 |
| Diluted EPS | −$0.27 | $0.29 | −$0.82 | −$3.19 | −$0.68 | −$0.27 | −$0.87 | — |
| Diluted shares (average) | 109m | 109m | 112m | 120m | 124m | 127m | 133m | — |
| EBITDA | 44 | 91 | −27 | −310 | −20 | 32 | −62 | −63 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 122 | 169 | 143 | 145 | 125 | 145 | 94 | 120 |
| Cost of revenue | 70 | 100 | 84 | 88 | 77 | 91 | 51 | 73 |
| Gross profit | 52 | 69 | 59 | 57 | 49 | 54 | 43 | 47 |
| Selling and marketing | 26 | 34 | 22 | 25 | 20 | 23 | 13 | 17 |
| General and administrative | 24 | 27 | 25 | 26 | 22 | 22 | 19 | 22 |
| Operating income | −7 | −0 | 3 | −6 | −83 | −12 | −1 | −2 |
| Interest expense | 9 | 8 | 8 | 8 | 8 | 8 | 8 | 8 |
| Income before tax | −20 | −9 | −2 | −8 | −90 | −19 | 3 | −9 |
| Income tax | −0 | −2 | −2 | −0 | −0 | −2 | −0 | −1 |
| Net income | −20 | −7 | −1 | −7 | −90 | −17 | 3 | −9 |
| Diluted EPS | −$7.50 | −$0.06 | −$0.30 | −$2.77 | −$33.50 | −$0.13 | $1.08 | −$3.12 |
| EBITDA | 1 | 9 | 12 | 3 | −75 | −3 | 8 | 7 |
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