REF
REFCIK 0001787117
Mid by assets
Assets $1.0B
as of Oct 11, 2026
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10-Q
Filed Sep 11, 2026
· Period ending Jun 27, 2026
Summary not yet generated.
8-K
Filed Sep 10, 2026
· Period ending Sep 10, 2026
Summary not yet generated.
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8-K
Filed Aug 3, 2026
· Period ending Jul 31, 2026
Summary not yet generated.
424B4
Filed Jul 30, 2026
Summary not yet generated.
S-1/A
Filed Jul 23, 2026
Summary not yet generated.
S-1/A
Filed Jul 20, 2026
Red flag
REF's S-1/A finalizes $134.5M net IPO proceeds, $125.1M to repay term loans
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S-1
Filed Jun 25, 2026
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Latest financial statements
From 10-Q filed Sep 11, 2026 (period ending Jun 27, 2026). As printed on the EDGAR/iXBRL face — not generated by the model.
Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited)
(in thousands except share and per share data)
| Description | 13 weeks ended June 27, 2026 | 13 weeks ended June 28, 2025 | 26 weeks ended June 27, 2026 | 26 weeks ended June 28, 2025 |
|---|---|---|---|---|
| Net revenue | 155,233 | 125,073 | 267,533 | 211,164 |
| Cost of goods sold | 51,761 | 44,507 | 85,064 | 78,720 |
| Gross profit | 103,472 | 80,566 | 182,469 | 132,444 |
| Operating expenses | ||||
| Marketing expenses | 14,490 | 11,250 | 23,942 | 19,792 |
| Selling, general and administrative expense | 69,958 | 56,728 | 152,342 | 103,971 |
| Total operating expenses | 84,448 | 67,978 | 176,284 | 123,763 |
| Income from operations | 19,024 | 12,588 | 6,185 | 8,681 |
| Other (expense) income | ||||
| Interest expense | (3,543) | (4,035) | (6,814) | (8,187) |
| Interest income | 185 | 414 | 498 | 1,069 |
| Other income, net | 1,439 | 308 | 1,183 | 235 |
| Total other (expense) income | (1,919) | (3,313) | (5,133) | (6,883) |
| Income before income taxes | 17,105 | 9,275 | 1,052 | 1,798 |
| Income tax provision | 4,697 | 2,360 | 792 | 434 |
| Net income | 12,408 | 6,915 | 260 | 1,364 |
| Other comprehensive income (loss), net of tax | ||||
| Foreign currency translation (loss) gain, net of tax | (380) | 562 | (562) | 703 |
| Total comprehensive income (loss) | 12,028 | 7,477 | (302) | 2,067 |
| Earnings per share | ||||
| Basic | 0.25 | 0.14 | 0.01 | 0.03 |
| Diluted | 0.23 | 0.13 | — | 0.03 |
| Weighted-average shares used in per share calculation | ||||
| Basic | 49,792,130 | 49,784,463 | 49,790,125 | 49,784,463 |
| Diluted | 52,948,297 | 51,273,182 | 52,051,023 | 51,247,897 |
Condensed Consolidated Balance Sheets (Unaudited)
(in thousands, except share and per share data)
| Description | June 27, 2026 | December 27, 2025 |
|---|---|---|
| Assets | ||
| Cash and cash equivalents | 76,627 | 65,473 |
| Accounts receivable, net | 18,584 | 18,407 |
| IEEPA tariff receivable | 10,921 | - |
| Inventories | 81,766 | 60,640 |
| Prepaid expenses and other current assets | 22,861 | 16,393 |
| Total current assets | 210,759 | 160,913 |
| Property and equipment, net | 89,225 | 83,346 |
| Right-of-use assets | 176,941 | 167,695 |
| Intangible assets, net | 977 | 1,396 |
| Trade name | 309,100 | 309,100 |
| Goodwill | 209,421 | 209,421 |
| Other noncurrent assets | 8,733 | 5,996 |
| Total assets | 1,005,156 | 937,867 |
| Liabilities and Stockholders' Equity | ||
| Accounts payable | 6,303 | 7,656 |
| Accrued expenses and other current liabilities | 72,285 | 66,828 |
| Recapitalization dividend payable | 29,056 | - |
| Current lease liabilities | 16,835 | 16,670 |
| Current portion of long-term debt | 1,606 | 8,250 |
| Deferred revenue | 7,601 | 6,740 |
| Total current liabilities | 133,686 | 106,144 |
| Long-term debt, net of current portion | 239,923 | 147,724 |
| Noncurrent lease liabilities | 176,948 | 166,837 |
| Deferred income tax liabilities | 68,568 | 68,072 |
| Deferred revenue, net of current portion | 3,548 | 3,064 |
| Other noncurrent liabilities | 5,754 | 5,229 |
| Total liabilities | 628,427 | 497,070 |
| Commitments and contingencies (Note 14) | ||
| Stockholders' equity | ||
| Common stock, $0.0001 par value; 107,025,000 shares authorized as of June 27, 2026 and December 27, 2025; 49,793,037 and 49,784,379 shares issued and outstanding as of June 27, 2026 and December 27, 2025, respectively | 5 | 5 |
| Additional paid-in capital | 375,957 | 358,274 |
| Retained earnings | 1,304 | 82,493 |
| Accumulated other comprehensive (loss) income | (537) | 25 |
| Total stockholders' equity | 376,729 | 440,797 |
| Total liabilities and stockholders' equity | 1,005,156 | 937,867 |
Condensed Consolidated Statements of Cash Flows (Unaudited)
(in thousands)
| Description | 26 weeks ended June 27, 2026 | 26 weeks ended June 28, 2025 |
|---|---|---|
| Cash flows from operating activities | ||
| Net income | 260 | 1,364 |
| Adjustments to reconcile net income to net cash provided by (used in) operating activities | ||
| Depreciation of property and equipment | 7,988 | 5,458 |
| Change in operating lease right-of-use assets | 10,545 | 8,820 |
| Amortization of definite-lived intangible assets | 419 | 419 |
| Amortization of debt issuance costs | 551 | 565 |
| Deferred income taxes | 498 | (473) |
| Stock-based compensation expense | 24,378 | 568 |
| Other | — | 45 |
| Increase (decrease) in cash due to changes in operating assets and liabilities | ||
| Accounts receivable | (309) | (4,748) |
| IEEPA tariff receivable | (10,921) | — |
| Inventories | (21,248) | (12,947) |
| Prepaid expenses and other current assets | (6,785) | (2,987) |
| Other noncurrent assets | (286) | (1,803) |
| Accounts payable | (1,254) | (5,194) |
| Accrued expenses and other current liabilities | 3,633 | 5,080 |
| Operating lease liabilities | (9,337) | (9,250) |
| Deferred revenue | 1,370 | 755 |
| Other noncurrent liabilities | 524 | 118 |
| Net cash provided by (used in) operating activities | 26 | (14,210) |
| Cash flows from investing activities | ||
| Purchases of property and equipment | (13,216) | (21,060) |
| Net cash used in investing activities | (13,216) | (21,060) |
| Cash flows from financing activities | ||
| Proceeds from exercise of stock options | 50 | — |
| Proceeds from term loan, net of lender fees | 89,211 | — |
| Repayments on term loan | (4,125) | (2,023) |
| Payment of debt issuance costs | (209) | — |
| Payment of offering costs | (1,038) | — |
| Payment of dividends declared | (59,066) | — |
| Net cash provided by (used in) financing activities | 24,823 | (2,023) |
| Effect of exchange rate changes on cash and cash equivalents | (479) | 777 |
| Net change in cash and cash equivalents | 11,154 | (36,516) |
| Cash and cash equivalents | ||
| Beginning of the period | 65,473 | 87,678 |
| End of the period | 76,627 | 51,162 |
| Supplemental cash flow information | ||
| Cash paid during the year for | ||
| Income taxes, net of refunds | 4,148 | 4,593 |
| Interest | 6,133 | 6,992 |
| Noncash financing and investing activities | ||
| Recapitalization dividend accrued but not paid | 29,056 | — |
| Purchase of property and equipment included in accounts payable and accrued expenses and other current liabilities | 927 | 1,913 |
| Operating lease right-of-use assets obtained in exchange for operating lease liabilities | 19,986 | 39,683 |
Amounts as printed on the EDGAR/iXBRL face — (in thousands except share and per share data); (in thousands, except share and per share data); (in thousands). Labels, columns, and figures are the filing face, not a GAAP stencil. Interactive statements & notes on EDGAR ↗