0001628280-25-049891
SEC filingOwned & Host segment EBITDA $100.5M in Q3 2025; total debt $253M, down $96.6M YoY; no purchase commitments disclosed.
As of September 27, 2025, cash and cash equivalents totaled $56.0M, down from $73.9M at year-end 2024. Total assets were $1.96B, with goodwill and intangibles comprising $948.9M. Total debt (including finance leases) stood at $253.4M, a significant reduction from $350.0M at December 28, 2024, driven by full repayment of the $84.8M 2.50% convertible senior notes due May 2025. The company maintains a $300M revolving credit facility with no outstanding borrowings. Shareholders' equity increased to $858.8M from $816.3M, supported by retained earnings of $252.4M.
No purchase commitments are disclosed in the Notes. Commitments primarily relate to legal contingencies: a $4.6M settlement for a California wage-and-hour class action (paid October 2025) and a $1.8M medical negligence settlement recognized as a liability as of quarter-end. The securities class action was dismissed with prejudice; a derivative action remains pending. No other material off-balance-sheet commitments are noted.
Share repurchases totaled $2.6M (169,000 shares) during the nine months, with no remaining authorization disclosed. No dividends were paid. Debt reduction was the primary use of cash: $94.7M in long-term debt repayments, including the full retirement of the 2025 Notes. Capital expenditures for the nine months were $48.4M, or 3.3% of revenue, focused on store maintenance and technology. No significant new debt or equity issuances occurred.
The company operates a single reportable segment, Owned & Host, which contributed $485.6M (99.6%) of total net revenue in Q3 2025. Segment EBITDA was $100.5M, a 24.4% margin. Other segments (e-commerce and FirstSight) contributed $5.3M revenue and a segment loss of $1.3M. Geographic mix is not provided in the Notes; all operations are within the U.S.