Duluth Holdings Inc. (DLTH) Income Statement
DLTH FY2026 at a glance
Fiscal year ended January 31, 2026 · U.S. dollarsDLTH revenue and net income
Where DLTH's revenue goes
FY2026Each bar shows an amount and its share of revenue. DLTH kept −2.9% of revenue as net income.
DLTH profit margins
DLTH growth rates
to FY2026| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −9.8% | −4.7% | −2.4% | +6.4% |
| Gross profit | −2.2% | −4.2% | −1.9% | +5.7% |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
DLTH quarterly EPS vs estimates
Duluth beat the analyst EPS estimate in 6 of the last 8 quarters.
DLTH income statement
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $565.2M | $626.6M | $646.7M | $653.3M | $698.6M | $638.8M | $615.6M | $568.1M | $471.4M | $376.1M |
| Cost of revenue | $263.6M | $318.1M | $321.7M | $309.9M | $321.3M | $307.3M | $287.5M | $257.7M | $210.4M | $162.0M |
| Gross profit | $301.6M | $308.5M | $325.0M | $343.4M | $377.3M | $331.5M | $328.1M | $310.4M | $261.0M | $214.1M |
| Research & development | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Sales, general & admin | $310.5M | $333.2M | $329.9M | $337.2M | $333.2M | $307.3M | $300.0M | $273.0M | $223.9M | $179.1M |
| Total operating expenses | $310.5M | $345.4M | $334.5M | $337.2M | $333.2M | $307.3M | $300.0M | $273.2M | $223.9M | $179.1M |
| Operating income | −$8.9M | −$36.9M | −$9.6M | $6.2M | $44.1M | $24.2M | $28.1M | $37.2M | $37.1M | $35.0M |
| Interest expense | $5.2M | $4.6M | $4.2M | $3.7M | $4.7M | $6.3M | $4.5M | $5.9M | $2.0M | $194,000 |
| Income before taxes | −$15.1M | −$41.2M | −$12.8M | $3.0M | $39.4M | $18.0M | $23.9M | $31.6M | $35.5M | $35.1M |
| Income taxes | $1.2M | $2.4M | −$2.9M | $708,000 | $9.9M | $4.6M | $5.4M | $8.4M | $11.9M | $13.5M |
| Net income | −$16.4M | −$43.7M | −$9.9M | $2.3M | $29.7M | $13.6M | $18.9M | $23.2M | $23.4M | $21.3M |
| EBITDA | $15.6M | −$4.4M | $23.5M | $37.4M | $73.4M | $52.8M | $50.5M | $50.2M | $44.8M | $39.9M |
| EPS (diluted) | −$0.30 | −$0.71 | −$0.29 | $0.07 | $0.91 | $0.41 | $0.59 | $0.72 | $0.66 | $0.65 |
| Gross margin | 53.4% | 49.2% | 50.3% | 52.6% | 54.0% | 51.9% | 53.3% | 54.6% | 55.4% | 56.9% |
| Operating margin | −1.6% | −5.9% | −1.5% | 1.0% | 6.3% | 3.8% | 4.6% | 6.5% | 7.9% | 9.3% |
| Net margin | −2.9% | −7.0% | −1.5% | 0.4% | 4.3% | 2.1% | 3.1% | 4.1% | 5.0% | 5.7% |
| Jul '26 | Apr '26 | Jan '26 | Oct '25 | Jul '25 | Apr '25 | Jan '25 | Oct '24 | Jul '24 | Apr '24 | Jan '24 | Oct '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $121.4M | $98.6M | $215.9M | $114.9M | $131.7M | $102.7M | $241.3M | $127.1M | $141.6M | $116.7M | $245.6M | $138.2M |
| Cost of revenue | $33.0M | $42.0M | $101.5M | $53.0M | $59.7M | $49.3M | $134.8M | $60.6M | $67.6M | $55.1M | $127.2M | $68.8M |
| Gross profit | $88.4M | $56.6M | $114.4M | $61.8M | $72.0M | $53.4M | $106.5M | $66.4M | $74.0M | $61.6M | $118.4M | $69.4M |
| Sales, general & admin | $68.5M | $61.8M | $105.4M | $70.7M | $68.8M | $65.7M | $107.9M | $82.8M | $76.3M | $70.6M | $7.8M | $81.8M |
| Total operating expenses | $69.5M | $61.8M | $105.4M | $70.7M | $68.8M | $65.2M | $107.9M | $88.5M | $75.6M | $70.6M | $108.8M | $81.8M |
| Operating income | $18.8M | −$5.2M | $9.0M | −$8.8M | $3.3M | −$11.8M | −$1.4M | −$22.1M | −$1.6M | −$9.0M | $9.6M | −$12.4M |
| Interest expense | $768,000 | $790,000 | $1.0M | $1.2M | $1.5M | $1.5M | $1.3M | $1.3M | $988,000 | $993,000 | $1.1M | $1.2M |
| Income before taxes | $18.5M | −$9.9M | $8.1M | −$10.1M | $851,000 | −$14.0M | −$2.7M | −$23.3M | −$2.4M | −$9.9M | $9.1M | −$13.6M |
| Income taxes | $61,000 | $120,000 | $356,000 | $34,000 | −$442,000 | $1.3M | $761,000 | $4.9M | −$470,000 | −$2.1M | $2.1M | −$3.1M |
| Net income | $18.4M | −$10.1M | $7.7M | −$10.1M | $1.3M | −$15.3M | −$3.5M | −$28.2M | −$2.0M | −$7.9M | $7.0M | −$10.5M |
| EBITDA | $24.5M | −$3.4M | $16.0M | −$2.6M | $8.9M | −$5.8M | $6.1M | −$13.6M | $6.6M | −$704,000 | $18.9M | −$3.8M |
| EPS (diluted) | $0.06 | −$0.20 | $0.23 | −$0.24 | $0.03 | −$0.32 | −$0.04 | −$0.41 | −$0.02 | −$0.24 | $0.21 | −$0.32 |
| Gross margin | 72.8% | 57.4% | 53.0% | 53.8% | 54.7% | 52.0% | 44.1% | 52.3% | 52.3% | 52.8% | 48.2% | 50.2% |
| Operating margin | 15.5% | −5.2% | 4.2% | −7.7% | 2.5% | −11.5% | −0.6% | −17.4% | −1.1% | −7.7% | 3.9% | −9.0% |
| Net margin | 15.1% | −10.2% | 3.6% | −8.8% | 1.0% | −14.9% | −1.5% | −22.2% | −1.4% | −6.7% | 2.8% | −7.6% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in DLTH's financial statements (latest annual report filed March 20, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
DLTH financial results
In fiscal year 2026 (ended January 31, 2026), Duluth reported revenue of $565.2 million, down 9.8% from the year before. It had a net loss of $16.4 million, a net profit margin of −2.9%. Diluted earnings per share came to −$0.30. Over five years revenue grew at an average rate of −2.4% a year.
See the DLTH stock overview for the latest quote and news, or the DLTH chart for price history and technical indicators.
DLTH income statement FAQ
What is Duluth's annual revenue?
Duluth reported total revenue of $565.2 million for fiscal year 2026, which ended on January 31, 2026. That was down 9.8% from $626.6 million the previous year.
Is Duluth profitable?
No. Duluth reported a net loss of $16.4 million in fiscal 2026, a net profit margin of −2.9%; its operating margin was −1.6%.
What is Duluth's gross margin?
Duluth's gross margin was 53.4% in fiscal 2026: for every $100 of revenue, Duluth kept $53 after the direct cost of its products and services.
How fast is Duluth growing?
Revenue grew −2.4% a year on average over the last five fiscal years, from $638.8 million to $565.2 million.
What are Duluth's earnings per share?
Duluth earned $-0.30 per diluted share in fiscal 2026, compared with $-0.71 a year earlier.
When does Duluth's fiscal year end?
Duluth's fiscal year ends in January. The latest annual report covers the year ended January 31, 2026 and was filed on March 20, 2026.