Playboy, Inc.
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $120.9M | $116.1M | $142.9M | $185.5M | $246.6M |
| Cost of revenue | $35.1M | $41.8M | $54.8M | $82.9M | $116.8M |
| Gross profit | $85.9M | $74.4M | $88.2M | — | — |
| Selling, general & administrative | $91.0M | $98.7M | $123.1M | $150.5M | $197.5M |
| Operating income | -$8.0M | -$50.8M | -$190.4M | -$296.1M | -$68.9M |
| Interest expense | $8.2M | $23.7M | $23.3M | $17.7M | $13.3M |
| Pretax income | -$13.9M | -$76.2M | -$200.2M | -$306.4M | -$80.5M |
| Income tax expense | -$1.2M | $3.1M | -$13.8M | -$55.7M | -$2.8M |
| Net income | -$12.7M | -$79.4M | -$180.4M | -$277.7M | -$77.7M |
| Balance Sheet | |||||
| Cash and equivalents | $37.8M | $30.9M | $28.1M | $31.8M | $69.2M |
| Current assets | $65.5M | $57.5M | $69.7M | $120.7M | $138.9M |
| Total assets | $292.4M | $284.7M | $334.3M | $554.6M | $935.4M |
| Current liabilities | $63.8M | $55.8M | $58.9M | $92.9M | $117.8M |
| Total liabilities | $274.2M | $268.8M | $288.6M | $399.5M | $513.1M |
| Total debt | $159.9M | $153.1M | $211.6M | $201.6M | $237.4M |
| Stockholders' equity | $18.4M | -$7.7M | $45.9M | $155.3M | $422.5M |
| Cash Flow Statement | |||||
| Cash from operations | $18,000 | -$19.1M | -$43.3M | -$59.4M | -$36.7M |
| Depreciation and amortization | $3.0M | $7.0M | $7.2M | $12.7M | $7.3M |
| Stock-based compensation | $4.7M | $7.3M | $9.6M | $20.5M | $58.4M |
| Capital expenditure | $1.0M | $2.3M | $3.5M | $7.4M | $17.5M |
| Free cash flow | -$1.0M | -$21.4M | -$46.8M | -$66.9M | -$54.2M |
| Share repurchases | — | $0 | $1.0M | $0 | — |
| Impairments | $2.1M | $26.1M | $154.9M | $283.5M | $964,000 |
Shares outstanding 116.0M
Annual filing data through FY ended December 31, 2025; float as of July 15, 2026.