Traeger, Inc. (COOK) Income Statement
COOK 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsCOOK revenue and net income
Where COOK's revenue goes
2025Each bar shows an amount and its share of revenue. COOK kept −20.6% of revenue as net income.
COOK profit margins
COOK growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −7.4% | −5.2% | +0.5% | — |
| Gross profit | −30.2% | −8.0% | −5.4% | — |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | −9.5% | — | −32.7% | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
COOK quarterly EPS vs estimates
Traeger beat the analyst EPS estimate in 6 of the last 8 quarters. Next report: November 4, 2026 (estimate $-4.64).
COOK income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
| Revenue | $559.5M | $604.1M | $605.9M | $655.9M | $785.5M | $545.8M | $363.3M |
| Cost of revenue | $381.2M | $348.6M | $382.3M | $427.1M | $484.8M | $311.0M | $207.5M |
| Gross profit | $178.3M | $255.5M | $223.6M | $228.8M | $300.8M | $234.8M | $155.8M |
| Research & development | — | — | $11.5M | $10.8M | $58.4M | $6.8M | $5.0M |
| Sales, general & admin | $95.0M | $223.1M | $238.5M | $297.5M | $158.6M | $143.9M | $112.2M |
| Total operating expenses | $179.4M | $258.4M | $279.0M | $574.7M | $361.9M | $176.5M | $145.3M |
| Operating income | −$1.2M | −$2.9M | −$55.4M | −$345.9M | −$61.1M | $58.3M | $10.5M |
| Interest expense | $31.4M | $33.5M | $31.3M | $27.9M | $26.6M | $34.1M | $39.5M |
| Income before taxes | −$119.3M | −$36.0M | −$82.4M | −$381.0M | −$90.3M | $31.8M | −$29.5M |
| Income taxes | −$4.1M | −$2.0M | $2.0M | $1.2M | $1.5M | $749,000 | $124,000 |
| Net income | −$115.2M | −$34.0M | −$84.4M | −$382.1M | −$91.8M | $31.1M | −$29.6M |
| EBITDA | −$33.8M | $53.9M | $6.6M | −$296.5M | −$16.1M | $106.8M | $49.1M |
| EPS (diluted) | $1.82 | $2.01 | −$2.08 | −$0.07 | −$2.45 | $13.21 | −$14.80 |
| Gross margin | 31.9% | 42.3% | 36.9% | 34.9% | 38.3% | 43.0% | 42.9% |
| Operating margin | −0.2% | −0.5% | −9.2% | −52.7% | −7.8% | 10.7% | 2.9% |
| Net margin | −20.6% | −5.6% | −13.9% | −58.3% | −11.7% | 5.7% | −8.1% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $120.2M | $94.1M | $145.4M | $125.4M | $145.5M | $143.3M | $168.6M | $122.0M | $168.5M | $144.9M | $163.5M | $117.7M |
| Cost of revenue | $72.7M | $51.1M | $99.8M | $85.7M | $88.5M | $83.8M | $99.7M | $70.4M | $96.1M | $82.4M | $103.3M | $73.1M |
| Gross profit | $47.4M | $43.0M | $45.5M | $39.7M | $57.0M | $59.5M | $68.9M | $51.7M | $72.3M | $62.6M | $60.1M | $44.7M |
| Research & development | — | — | — | — | — | — | $3.4M | $8.5M | $4.8M | $3.7M | $3.5M | $2.8M |
| Sales, general & admin | $38.9M | $32.0M | $45.0M | $42.2M | $50.8M | $47.2M | $60.3M | $50.3M | $58.7M | $53.8M | $58.8M | $50.7M |
| Total operating expenses | $49.1M | $44.0M | $45.0M | $42.2M | $63.1M | $56.0M | $69.1M | $59.1M | $67.5M | $62.6M | $71.8M | $57.5M |
| Operating income | −$1.7M | −$1.0M | $484,000 | −$2.4M | −$6.1M | $3.4M | −$238,000 | −$7.4M | $4.8M | −$73,000 | −$11.7M | −$12.9M |
| Interest expense | $8.3M | $7.6M | $7.6M | $7.8M | $8.1M | $7.9M | $8.2M | $8.5M | $8.7M | $8.1M | $7.9M | $7.5M |
| Income before taxes | −$9.5M | $2.7M | −$19.0M | −$90.1M | −$7.8M | −$2.4M | −$8.9M | −$19.9M | −$2.6M | −$4.5M | −$23.3M | −$18.4M |
| Income taxes | −$909,000 | −$276,000 | −$1.8M | −$307,000 | −$391,000 | −$1.6M | −$2.0M | −$137,000 | −$24,000 | $190,000 | $771,000 | $852,000 |
| Net income | −$8.6M | $2.9M | −$17.2M | −$89.8M | −$7.4M | −$778,000 | −$7.0M | −$19.8M | −$2.6M | −$4.7M | −$24.0M | −$19.3M |
| EBITDA | $12.0M | $8.2M | $1.8M | −$69.0M | $13.6M | $3.4M | $13.5M | $2.5M | $20.0M | $17.9M | −$904,000 | $3.5M |
| EPS (diluted) | −$0.43 | $1.49 | $0.01 | −$0.19 | −$0.50 | $2.50 | $0.01 | −$3.00 | $3.00 | $2.00 | −$0.08 | −$6.00 |
| Gross margin | 39.5% | 45.7% | 31.3% | 31.7% | 39.2% | 41.5% | 40.9% | 42.3% | 42.9% | 43.2% | 36.8% | 37.9% |
| Operating margin | −1.4% | −1.1% | 0.3% | −1.9% | −4.2% | 2.4% | −0.1% | −6.1% | 2.8% | −0.1% | −7.2% | −10.9% |
| Net margin | −7.1% | 3.1% | −11.8% | −71.6% | −5.1% | −0.5% | −4.1% | −16.2% | −1.5% | −3.2% | −14.7% | −16.4% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in COOK's financial statements (latest annual report filed March 6, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
COOK financial results
In fiscal year 2025 (ended December 31, 2025), Traeger reported revenue of $559.5 million, down 7.4% from the year before. It had a net loss of $115.2 million, a net profit margin of −20.6%. Diluted earnings per share came to $1.82. Over five years revenue grew at an average rate of 0.5% a year.
See the COOK stock overview for the latest quote and news, or the COOK chart for price history and technical indicators.
COOK income statement FAQ
What is Traeger's annual revenue?
Traeger reported total revenue of $559.5 million for fiscal year 2025, which ended on December 31, 2025. That was down 7.4% from $604.1 million the previous year.
Is Traeger profitable?
No. Traeger reported a net loss of $115.2 million in fiscal 2025, a net profit margin of −20.6%; its operating margin was −0.2%.
What is Traeger's gross margin?
Traeger's gross margin was 31.9% in fiscal 2025: for every $100 of revenue, Traeger kept $32 after the direct cost of its products and services.
How fast is Traeger growing?
Revenue grew 0.5% a year on average over the last five fiscal years, from $545.8 million to $559.5 million.
What are Traeger's earnings per share?
Traeger earned $1.82 per diluted share in fiscal 2025, compared with $2.01 a year earlier.
When will Traeger report its next earnings?
Traeger is expected to report results for the quarter ending September 30, 2026 on November 4, 2026.
When does Traeger's fiscal year end?
Traeger's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 6, 2026.