Fossil Group, Inc. income statement
In fiscal 2025, Fossil Group, Inc. reported revenue of $1.00bn, down 12.3% on the year before, operating income of −$19.1m (a -1.9% margin) and net income of −$78.3m, or −$1.45 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 | 2009Jan 2010 | 2010Jan 2011 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Jan 2015 | 2015Jan 2016 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Jan 2021 | 2021Jan 2022 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Jan 2026 | LTMJul 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1,548 | 2,031 | 2,567 | 2,858 | 3,260 | 3,510 | 3,229 | 3,042 | 2,788 | 2,541 | 2,218 | 1,613 | 1,870 | 1,682 | 1,412 | 1,145 | 1,004 | 985 |
| Cost of revenue | — | — | — | — | — | — | — | 1,464 | 1,429 | 1,201 | 1,118 | 843 | 904 | 852 | 733 | 548 | 441 | 426 |
| Gross profit | 845 | 1,155 | 1,439 | 1,607 | 1,862 | 2,001 | 1,753 | 1,578 | 1,359 | 1,340 | 1,099 | 770 | 966 | 831 | 680 | 597 | 563 | 559 |
| Research and development | — | — | — | — | — | 1 | 5 | 39 | 43 | 38 | 32 | 26 | 27 | 29 | 19 | 0 | 0 | — |
| Selling, general and administrative | — | — | 967 | 1,118 | 1,300 | 1,435 | 1,429 | 1,423 | 1,328 | 1,225 | 1,073 | 835 | 843 | 824 | 777 | 639 | 540 | 539 |
| Selling and marketing | 479 | 584 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| General and administrative | 155 | 195 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Operating income | 212 | 376 | 472 | 489 | 562 | 567 | 291 | 127 | −424 | 63 | −28 | −135 | 93 | −1 | −143 | −104 | −19 | −6 |
| Interest expense | 0 | 1 | 2 | 5 | 10 | 16 | 20 | 27 | 43 | 43 | 30 | 32 | 25 | 19 | 22 | 19 | 20 | 28 |
| Income before tax | 220 | 384 | 452 | 492 | 561 | 558 | 312 | 114 | −454 | 20 | −31 | −172 | 53 | −22 | −156 | −118 | −50 | −42 |
| Income tax | 76 | 119 | 144 | 138 | 173 | 171 | 82 | 29 | 20 | 21 | 19 | −76 | 26 | 21 | 1 | −12 | 28 | 28 |
| Net income | 139 | 255 | 295 | 343 | 378 | 377 | 221 | 79 | −478 | −3 | −52 | −96 | 25 | −44 | −157 | −103 | −78 | −70 |
| Diluted EPS | $2.07 | $3.77 | $4.61 | $5.59 | $6.56 | $7.10 | $4.51 | $1.63 | −$9.87 | −$0.07 | −$1.04 | −$1.88 | $0.48 | −$0.85 | −$3.00 | −$1.94 | −$1.45 | −$1.23 |
| Diluted shares (average) | 67m | 68m | 64m | 61m | 58m | 53m | 49m | 48m | 48m | 49m | 50m | 51m | 53m | 52m | 52m | 53m | 54m | 57m |
| EBITDA | 253 | 417 | 524 | 554 | 644 | 662 | 379 | 222 | −343 | 130 | 26 | −92 | 122 | 22 | −124 | −88 | −6 | 5 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Apr 2025 | 2025 Q2Jul 2025 | 2025 Q3Oct 2025 | 2025 Q4Jan 2026 | 2026 Q1Apr 2026 | 2026 Q2Jul 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 288 | 342 | 233 | 220 | 270 | 281 | 225 | 210 |
| Cost of revenue | 146 | 158 | 90 | 94 | 138 | 120 | 90 | 79 |
| Gross profit | 142 | 185 | 143 | 127 | 132 | 161 | 135 | 131 |
| Selling, general and administrative | 161 | 172 | 134 | 111 | 147 | 148 | 121 | 123 |
| Operating income | −24 | −16 | −7 | 8 | −22 | 1 | 12 | 3 |
| Interest expense | 5 | 5 | 4 | 4 | 4 | 7 | 8 | 8 |
| Income before tax | −26 | −25 | −14 | 4 | −32 | −7 | 5 | −7 |
| Income tax | 6 | −14 | 3 | 6 | 8 | 11 | 5 | 4 |
| Net income | −32 | −8 | −18 | −2 | −40 | −19 | −1 | −11 |
| Diluted EPS | −$0.60 | −$0.14 | −$0.33 | −$0.04 | −$0.76 | −$0.32 | −$0.01 | −$0.18 |
| EBITDA | −21 | −13 | −3 | 11 | −18 | 4 | 14 | 5 |
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