Leslie's, Inc.

Leslie's, Inc. reported a net loss of $83.0 million for Q1 2026, driven by an operating loss of $68.7 million. Revenue for the quarter was $147.1 million, with a gross profit of $27.1 million, resulting in a gross margin of 18.4%. The company's cost structure was significantly impacted by selling, general and administrative expenses of $85.7 million and impairment charges of $10.1 million. Cash flow from operations was negative $81.1 million, while financing activities provided $24.7 million primarily from borrowings on the revolving credit facility. The balance sheet shows total assets of $649.4 million against total liabilities of $1.14 billion, resulting in stockholders' deficit of $489.9 million. The company ended the quarter with $64.3 million in cash and cash equivalents.

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