Quarterly ResultMay 12, 2026, 04:13 PM
A.K.A. Brands Q1 Net Loss $(7.13)M; Tariff Refund $25.8M
AI Summary
A.K.A. Brands Holding Corp. reported a net loss of $(7.13) million for Q1 2026, an improvement from $(8.35) million in Q1 2025, with net sales increasing to $132.46 million. The company recognized a significant $25.8 million tariff refund receivable following a U.S. Supreme Court ruling, which positively impacted cost of sales. However, it also recorded a $12.0 million inventory write-down for streetwear.
Key Highlights
- Net loss improved to $(7.13) million in Q1 2026 from $(8.35) million in Q1 2025.
- Net sales increased to $132.46 million in Q1 2026 from $128.66 million in Q1 2025.
- Basic and diluted net loss per share improved to $(0.66) from $(0.78) year-over-year.
- Recognized a $25.8 million tariff refund receivable, reducing cost of sales by $18.6 million.
- Recorded a $12.0 million charge to cost of sales for streetwear inventory write-down.
- Gross profit rose to $83.63 million in Q1 2026 from $73.66 million in Q1 2025.
- Net cash used in operating activities increased to $(3.83) million from $(1.88) million.
- Cash and cash equivalents decreased to $12.86 million as of March 31, 2026.
Price Impact
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