Playboy, Inc. income statement
In fiscal 2025, Playboy, Inc. reported revenue of $121m, up 4.1% on the year before, operating income of −$8.0m (a -6.6% margin) and net income of −$12.7m, or −$0.13 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 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|
| Revenue | 148 | 247 | 186 | 143 | 116 | 121 | 125 |
| Cost of revenue | 74 | 117 | 83 | 55 | 42 | 35 | 34 |
| Gross profit | 73 | 130 | 103 | 88 | 74 | 86 | 91 |
| Selling, general and administrative | 59 | 197 | 151 | 123 | 99 | 91 | 86 |
| Operating income | 14 | −69 | −296 | −190 | −51 | −8 | 5 |
| Interest expense | 13 | 13 | 18 | 23 | 24 | 8 | 9 |
| Income before tax | 2 | −80 | −306 | −200 | −76 | −14 | −1 |
| Income tax | 7 | −3 | −56 | −14 | 3 | −1 | −1 |
| Net income | −5 | −78 | −278 | −180 | −79 | −13 | 0 |
| Diluted EPS | −$0.24 | −$2.04 | −$5.86 | −$2.53 | −$1.04 | −$0.13 | $0.00 |
| Diluted shares (average) | 22m | 38m | 47m | 71m | 76m | 100m | 111m |
| EBITDA | 16 | −62 | −283 | −183 | −44 | −5 | 8 |
| 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 | 29 | 33 | 29 | 28 | 29 | 35 | 30 | 31 |
| Cost of revenue | 11 | 10 | 9 | 10 | 7 | 9 | 10 | 8 |
| Gross profit | 18 | 24 | 20 | 18 | 22 | 26 | 21 | 23 |
| Selling, general and administrative | 25 | 27 | 25 | 22 | 20 | 23 | 23 | 20 |
| Operating income | −28 | −4 | −6 | −6 | 1 | 3 | −2 | 3 |
| Interest expense | 7 | 4 | 2 | 2 | 2 | 3 | 2 | 2 |
| Income before tax | −33 | −12 | −8 | −7 | −0 | 1 | −3 | 1 |
| Income tax | 1 | 1 | 1 | 1 | −1 | −3 | 1 | 1 |
| Net income | −34 | −13 | −9 | −8 | 0 | 4 | −4 | 0 |
| Diluted EPS | −$0.45 | −$0.13 | −$0.10 | −$0.08 | $0.00 | $0.04 | −$0.03 | $0.00 |
| EBITDA | −27 | −4 | −5 | −5 | 2 | 3 | −1 | 3 |
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