0001628280-26-032124
SEC filingSegment contribution profit $69.7M; share repurchases $21.3M; cash $225.5M; no material purchase commitments.
Cash and cash equivalents stood at $225.5M as of March 31, 2026, down from $296.1M at December 31, 2025, primarily due to debt repayment and share repurchases. Total debt, including current portion of convertible notes, was $308.2M ($45.8M current + $262.4M long-term). Stockholders' deficit widened to ($62.6M) from ($42.6M) due to net losses and treasury stock purchases. The company maintains restricted cash of $29.6M for letters of credit and tax guarantees.
The Notes indicate no material changes to contractual obligations from the 2025 10-K. Specific purchase commitments are not disclosed. Contingent liabilities include Portugal VAT assessments totaling up to $9.3M (accrued), with $8.3M bank guarantees in place. Indemnification liabilities related to disposed Latin American operations are $3.4M.
During Q1 2026, Groupon repurchased 1.94 million shares for $21.3M under its $300M authorized program, leaving $223.7M available. Subsequent to quarter end, an additional $10.1M was spent on repurchases. The company repaid $33.7M of 2026 Notes at maturity. Capital expenditures were $3.6M (3.0% of revenue). No dividends were declared or paid.
Revenue is split between North America ($89.9M, 76.7% of total) and International ($27.3M, 23.3%). North America revenue declined slightly (-1.3% YoY), while International grew 4.7%. Segment profitability (contribution profit) was $55.0M (61.2% margin) for North America and $14.7M (53.9% margin) for International. Goodwill of $178.7M is entirely allocated to North America, which had a negative carrying value at quarter end.