SharkNinja, Inc. (SN) Income Statement
SN 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsSN revenue and net income
Where SN's revenue goes
2025Each bar shows an amount and its share of revenue. SN kept 11.0% of revenue as net income.
SN profit margins
SN growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +15.7% | +19.8% | +18.4% | +20.0% |
| Gross profit | +17.8% | +30.5% | +20.1% | +14.2% |
| Operating income | +43.0% | +42.0% | +14.6% | +8.1% |
| Net income | +59.9% | +44.5% | +16.5% | — |
| EPS (diluted) | +18.5% | +45.9% | — | +27.4% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
SN quarterly EPS vs estimates
SharkNinja beat the analyst EPS estimate in 7 of the last 8 quarters. Next report: November 4, 2026 (estimate $1.78).
SN income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $6.40B | $5.53B | $4.25B | $3.72B | $3.73B | $2.75B | $1.06B | $999.6M | $529.4M | $701.2M |
| Cost of revenue | $3.26B | $2.87B | $2.35B | $2.31B | $2.29B | $1.50B | $305.5M | $379.5M | $215.2M | $267.6M |
| Gross profit | $3.14B | $2.66B | $1.91B | $1.41B | $1.44B | $1.25B | $0 | $620.1M | $314.3M | $433.7M |
| Research & development | $368.1M | $341.3M | $249.4M | $215.7M | $200.6M | $159.6M | $0 | $0 | $0 | $0 |
| Sales, general & admin | $1.85B | $1.68B | $1.28B | $873.2M | $799.3M | $628.4M | $0 | $153.8M | $124.8M | $103.7M |
| Total operating expenses | $2.22B | $2.02B | $1.53B | $1.09B | $999.9M | $788.0M | — | $841.8M | $644.9M | $543.9M |
| Operating income | $921.1M | $644.2M | $373.6M | $321.4M | $438.3M | $465.4M | $292.9M | $157.8M | −$115.5M | $157.3M |
| Interest income | $48.6M | $63.7M | $44.9M | $27.0M | — | — | — | — | — | — |
| Interest expense | $48.6M | $63.7M | $44.9M | $27.0M | $16.3M | $40.3M | $0 | $0 | $0 | $0 |
| Income before taxes | $900.3M | $572.5M | $293.2M | $302.0M | $414.3M | $419.5M | $85.2M | $55.2M | −$171.4M | −$1.07B |
| Income taxes | $198.9M | $133.8M | $126.2M | $69.6M | $83.2M | $92.3M | $0 | −$3.2M | $2.2M | $232,867 |
| Net income | $701.4M | $438.7M | $167.1M | $232.4M | $331.1M | $327.2M | $85.2M | $58.3M | −$173.7M | −$1.07B |
| EBITDA | $1.09B | $759.3M | $442.0M | $415.7M | $508.8M | $537.8M | — | — | — | — |
| EPS (diluted) | $5.19 | $4.38 | $2.36 | $1.67 | $6.62 | — | −$0.82 | −$0.36 | $0.01 | −$1.66 |
| Gross margin | 49.0% | 48.1% | 44.9% | 37.9% | 38.6% | 45.5% | 0.0% | 62.0% | 59.4% | 61.8% |
| Operating margin | 14.4% | 11.7% | 8.8% | 8.6% | 11.8% | 16.9% | 27.7% | 15.8% | −21.8% | 22.4% |
| Net margin | 11.0% | 7.9% | 3.9% | 6.3% | 8.9% | 11.9% | 8.1% | 5.8% | −32.8% | −152.6% |
| 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 | $1.77B | $1.41B | $2.10B | $1.63B | $1.44B | $1.22B | $1.79B | $1.43B | $1.25B | $1.07B | $1.38B | $1.07B |
| Cost of revenue | $905.1M | $724.2M | $1.09B | $818.9M | $742.8M | $619.4M | $947.7M | $731.6M | $653.6M | $539.6M | $754.6M | $583.1M |
| Gross profit | $860.3M | $688.6M | $1.01B | $811.4M | $702.1M | $603.2M | $839.5M | $695.0M | $595.0M | $526.6M | $622.9M | $487.5M |
| Research & development | $109.3M | $98.9M | $98.2M | $90.7M | $87.3M | $87.6M | $86.8M | $94.8M | $88.1M | $69.6M | $69.0M | $60.7M |
| Sales, general & admin | $571.6M | $431.6M | $565.6M | $450.8M | $450.1M | $370.7M | $547.5M | $419.9M | $407.0M | $302.1M | $453.2M | $332.3M |
| Total operating expenses | $681.0M | $524.1M | $663.8M | $541.5M | $533.4M | $458.3M | $634.3M | $514.7M | $491.2M | $371.7M | $522.1M | $392.9M |
| Operating income | $179.4M | $164.5M | $343.8M | $269.8M | $168.6M | $144.9M | $205.1M | $180.3M | $103.8M | $156.3M | $100.8M | $94.5M |
| Interest income | — | — | $9.4M | $12.8M | $13.8M | $12.6M | $17.2M | $16.9M | — | — | — | — |
| Interest expense | $7.9M | $6.6M | $9.4M | $12.8M | $13.8M | $12.6M | $17.2M | $16.9M | $14.8M | $14.7M | $16.4M | $13.0M |
| Income before taxes | $163.7M | $147.6M | $329.9M | $244.0M | $180.9M | $145.5M | $164.9M | $174.4M | $89.7M | $143.5M | $90.3M | $75.7M |
| Income taxes | $33.9M | $26.1M | $74.7M | $55.3M | $41.3M | $27.7M | $36.2M | $42.0M | $21.6M | $33.9M | $40.9M | $57.0M |
| Net income | $129.8M | $121.5M | $255.2M | $188.7M | $139.6M | $117.8M | $128.7M | $132.3M | $68.0M | $109.6M | $49.3M | $18.7M |
| EBITDA | $227.2M | $179.4M | $378.2M | $290.4M | $229.7M | $190.1M | $218.4M | $221.1M | $133.8M | $186.0M | $133.1M | $114.3M |
| EPS (diluted) | $0.98 | $1.09 | $1.93 | $1.50 | $0.89 | $0.87 | $1.40 | $1.21 | $0.71 | $1.06 | $0.94 | $0.95 |
| Gross margin | 48.7% | 48.7% | 47.9% | 49.8% | 48.6% | 49.3% | 47.0% | 48.7% | 47.7% | 49.4% | 45.2% | 45.5% |
| Operating margin | 10.2% | 11.6% | 16.4% | 16.6% | 11.7% | 11.9% | 11.5% | 12.6% | 8.3% | 14.7% | 7.3% | 8.8% |
| Net margin | 7.4% | 8.6% | 12.1% | 11.6% | 9.7% | 9.6% | 7.2% | 9.3% | 5.4% | 10.3% | 3.6% | 1.7% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in SN's financial statements (latest annual report filed March 2, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
SN financial results
In fiscal year 2025 (ended December 31, 2025), SharkNinja reported revenue of $6.4 billion, up 15.7% from the year before. It had net income of $701.4 million (up 59.9%), a net profit margin of 11.0%. Diluted earnings per share came to $5.19. Over five years revenue grew at an average rate of 18.4% a year.
See the SN stock overview for the latest quote and news, or the SN chart for price history and technical indicators.
SN income statement FAQ
What is SharkNinja's annual revenue?
SharkNinja reported total revenue of $6.4 billion for fiscal year 2025, which ended on December 31, 2025. That was up 15.7% from $5.5 billion the previous year.
Is SharkNinja profitable?
Yes. SharkNinja reported net income of $701.4 million in fiscal 2025, a net profit margin of 11.0%; its operating margin was 14.4%.
What is SharkNinja's gross margin?
SharkNinja's gross margin was 49.0% in fiscal 2025: for every $100 of revenue, SharkNinja kept $49 after the direct cost of its products and services.
How much does SharkNinja spend on research and development?
SharkNinja spent $368.1 million on research and development in fiscal 2025, 5.8% of revenue.
How fast is SharkNinja growing?
Revenue grew 18.4% a year on average over the last five fiscal years, from $2.8 billion to $6.4 billion.
What are SharkNinja's earnings per share?
SharkNinja earned $5.19 per diluted share in fiscal 2025, compared with $4.38 a year earlier.
When will SharkNinja report its next earnings?
SharkNinja is expected to report results for the quarter ending September 30, 2026 on November 4, 2026 before the market opens.
When does SharkNinja's fiscal year end?
SharkNinja's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 2, 2026.