Crocs, Inc. income statement
In fiscal 2025, Crocs, Inc. reported revenue of $4.04bn, down 1.5% on the year before, operating income of $150m (a 3.7% margin) and net income of −$81.2m, or −$1.50 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 | 2009Dec 2009 | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMSept 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 646 | 790 | 1,001 | 1,123 | 1,193 | 1,198 | 1,091 | 1,036 | 1,024 | 1,088 | 1,231 | 1,386 | 2,313 | 3,555 | 3,962 | 4,102 | 4,041 | 4,101 |
| Cost of revenue | 338 | 365 | 464 | — | — | — | — | 536 | 506 | 528 | 614 | 636 | 893 | 1,695 | 1,752 | 1,692 | 1,684 | 1,664 |
| Gross profit | 301 | 424 | 536 | 608 | 623 | 590 | 511 | 500 | 517 | 560 | 617 | 750 | 1,420 | 1,860 | 2,210 | 2,410 | 2,357 | 2,437 |
| Research and development | — | 8 | 11 | 12 | 15 | 17 | 14 | 12 | 13 | 14 | 12 | 10 | 14 | 19 | 21 | 26 | 30 | — |
| Selling, general and administrative | 312 | 343 | 405 | 460 | 549 | 566 | 568 | 503 | 495 | 495 | 488 | 515 | 737 | 1,010 | 1,164 | 1,364 | 1,469 | 1,512 |
| Operating income | −51 | 78 | 131 | 146 | 63 | −5 | −72 | −6 | 17 | 63 | 129 | 214 | 683 | 851 | 1,037 | 1,022 | 150 | 925 |
| Interest expense | — | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 9 | 7 | 22 | 136 | 161 | 109 | 88 | 81 |
| Income before tax | −49 | 81 | 137 | 146 | 60 | −9 | −75 | −7 | 18 | 65 | 119 | 207 | 664 | 719 | 876 | 911 | 73 | 847 |
| Income tax | −7 | 13 | 24 | 14 | 50 | −4 | 8 | 9 | 8 | 15 | −0 | −106 | −62 | 178 | 84 | −39 | 154 | 183 |
| Net income | −42 | 68 | 113 | 131 | 10 | −5 | −83 | −16 | 10 | 50 | 119 | 313 | 726 | 540 | 793 | 950 | −81 | 664 |
| Diluted EPS | −$0.49 | $0.76 | $1.24 | $1.44 | $0.12 | −$0.22 | −$1.30 | −$0.43 | −$0.07 | −$1.01 | $1.66 | $4.56 | $11.39 | $8.71 | $12.79 | $15.88 | −$1.50 | $13.36 |
| Diluted shares (average) | — | 88m | 90m | — | 89m | 85m | 76m | 73m | 72m | 68m | 72m | 69m | 64m | 62m | 62m | 60m | 54m | 50m |
| EBITDA | −15 | 115 | 168 | 183 | 105 | 33 | −36 | 28 | 50 | 92 | 153 | 242 | 715 | 890 | 1,091 | 1,092 | 229 | 1,007 |
| Quarter | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 | 2026 Q3Sept 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 990 | 937 | 1,149 | 996 | 958 | 921 | 1,179 | 1,043 |
| Cost of revenue | 417 | 396 | 441 | 413 | 434 | 399 | 479 | 353 |
| Gross profit | 573 | 542 | 709 | 583 | 524 | 523 | 701 | 690 |
| Selling, general and administrative | 373 | 319 | 398 | 375 | 377 | 322 | 415 | 398 |
| Operating income | 200 | 223 | −428 | 208 | 146 | 201 | 286 | 292 |
| Interest expense | 23 | 23 | 23 | 22 | 21 | 20 | 20 | 19 |
| Income before tax | 175 | 205 | −449 | 189 | 127 | 179 | 264 | 277 |
| Income tax | −194 | 45 | 44 | 44 | 22 | 41 | 59 | 61 |
| Net income | 369 | 160 | −492 | 146 | 105 | 138 | 205 | 217 |
| Diluted EPS | $6.26 | $2.83 | −$8.82 | $2.70 | $1.88 | $2.71 | $4.13 | $4.52 |
| EBITDA | 218 | 242 | −408 | 228 | 167 | 221 | 306 | 313 |
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