Latham Group, Inc. income statement
In fiscal 2025, Latham Group, Inc. reported revenue of $546m, up 7.4% on the year before, operating income of $30.6m (a 5.6% margin) and net income of $11.1m, or $0.09 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 | 318 | 403 | 630 | 696 | 566 | 509 | 546 | 577 |
| Cost of revenue | 220 | 261 | 426 | 479 | 414 | 355 | 364 | 384 |
| Gross profit | 98 | 143 | 204 | 216 | 153 | 154 | 182 | 192 |
| Selling, general and administrative | 57 | 86 | 218 | 147 | 110 | 108 | 123 | 134 |
| Operating income | 25 | 40 | −36 | 30 | 16 | 18 | 31 | 29 |
| Interest expense | — | 18 | 24 | 16 | 31 | 25 | 26 | 23 |
| Income before tax | 3 | 23 | −54 | 14 | −10 | −9 | 13 | 10 |
| Income tax | −5 | 7 | 9 | 19 | −8 | 9 | 2 | 5 |
| Net income | 7 | 16 | −62 | −6 | −2 | −18 | 11 | 5 |
| Diluted EPS | $0.08 | $0.16 | −$0.56 | −$0.05 | −$0.02 | −$0.15 | $0.09 | $0.04 |
| Diluted shares (average) | 95m | 103m | 111m | 113m | 113m | 115m | 120m | 120m |
| EBITDA | 47 | 65 | −4 | 68 | 57 | 63 | 82 | 82 |
| 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 | 150 | 87 | 111 | 173 | 162 | 100 | 117 | 197 |
| Cost of revenue | 102 | 66 | 79 | 109 | 105 | 72 | 80 | 127 |
| Gross profit | 49 | 21 | 33 | 64 | 57 | 28 | 37 | 70 |
| Selling, general and administrative | 28 | 27 | 31 | 32 | 29 | 31 | 37 | 38 |
| Operating income | 13 | −13 | −5 | 25 | 22 | −11 | −7 | 25 |
| Interest expense | 9 | 5 | 6 | 7 | 6 | 6 | 5 | 6 |
| Income before tax | 6 | −21 | −10 | 21 | 16 | −13 | −11 | 19 |
| Income tax | −0 | 8 | −4 | 5 | 7 | −6 | −3 | 6 |
| Net income | 6 | −29 | −6 | 16 | 8 | −7 | −9 | 13 |
| Diluted EPS | $0.05 | −$0.25 | −$0.05 | $0.13 | $0.07 | −$0.06 | −$0.07 | $0.11 |
| EBITDA | 25 | −1 | 7 | 37 | 34 | 3 | 6 | 39 |
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