SN on NYSE

SharkNinja, Inc.

Household appliances company based in Needham, Cayman Islands1

In its 2026 annual report the company says: “SharkNinja is a global product design and technology company that creates 5-star rated lifestyle solutions through innovative products for consumers around the world. We have built two billion-dollar brands, Shark and Ninja, and have a proven track record of establishing leadership positions by disrupting numerous household product categories, including Cleaning Appliances, Cooking and Beverage Appliances, Food Preparation Appliances and Beauty and Home Environment Appliances.”5 Its shares trade on NYSE under the symbol SN.1

$194.04 up 7.72 (4.15%)Price as of Oct 15, 2026 at 17:33 UTC

Last updated Oct 21, 2026.

Overview

Compare with A. O. Smith, Whirlpool Corporation or iRobot, or pick any stock.

  • TickerSN on NYSE1
  • IndustryHousehold Appliances1
  • HeadquartersNeedham, Massachusetts1
  • Incorporated inCayman Islands3
  • Business address89 A Street, #100, Needham, Ma 024943
  • Filer categoryLarge accelerated filer3

At SharkNinja, our mission is to positively impact people’s lives every day in every home in our global markets .5 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

49.0%Gross margin6
14.4%Operating margin6
11.0%Net margin6
15.7%Revenue growth, 20256
26.2%Return on equity6
0.26×Debt to equity6
$488.1MFree cash flow6

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Cleaning Appliances brought in 34% of the revenue SharkNinja, Inc. broke down this way in fiscal 2025.

  1. Cleaning Appliances$2.2B634%up 7% from 2024
  2. Cooking and Beverage Appliances$1.8B628%up 6% from 2024
  3. Food Preparation Appliances$1.6B624%up 32% from 2024
  4. Beauty and Home Environment Appliances$826.3M613%up 45% from 2024
Products and services by year
Products and services202320242025
Cleaning Appliances$1.8B$2.1B$2.2B
Cooking and Beverage Appliances$1.4B$1.7B$1.8B
Food Preparation Appliances$653.6M$1.2B$1.6B
Beauty and Home Environment Appliances$339.0M$568.7M$826.3M

Regions

North America brought in 67% of the revenue SharkNinja, Inc. broke down this way in fiscal 2025.

  1. North America$4.3B667%up 13% from 2024
  2. Europe$2.1B633%up 21% from 2024
Regions by year
Regions202320242025
North America$3.0B$3.8B$4.3B
Europe$1.2B$1.7B$2.1B

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue51¢$3.3B
  • Research and development6¢$368.1M
  • Other costs29¢$1.9B
  • Income tax3¢$198.9M
  • Profit11¢$701.4M

Out of $6.4B in revenue.6

Where each dollar of operating cash went, fiscal 2025

  • Capital spending23¢$146.1M
  • Kept or used elsewhere77¢$488.1M

Out of $634.1M of cash from operations.6

Financial statements

Revenue786$6.4B in 2025+72% since 2021
0$2.0B$4.0B$6.0B$8.0B2021: $3.7B$3.7B20212022: $3.7B$3.7B2022−0%2023: $4.3B$4.3B2023+14%2024: $5.5B$5.5B2024+30%2025: $6.4B$6.4B2025+16%
Gross profit786$3.1B in 2025+118% since 2021
0$1.0B$2.0B$3.0B$4.0B2021: $1.4B$1.4B20212022: $1.4B$1.4B2022−2%2023: $1.9B$1.9B2023+35%2024: $2.7B$2.7B2024+40%2025: $3.1B$3.1B2025+18%
Operating income786$920.3M in 2025+110% since 2021
0$250.0M$500.0M$750.0M$1.0B2021: $438.3M$438.3M20212022: $321.4M$321.4M2022−27%2023: $373.6M$373.6M2023+16%2024: $644.2M$644.2M2024+72%2025: $920.3M$920.3M2025+43%
Net income786$701.4M in 2025+112% since 2021
0$200.0M$400.0M$600.0M$800.0M2021: $331.1M$331.1M20212022: $232.4M$232.4M2022−30%2023: $167.1M$167.1M2023−28%2024: $438.7M$438.7M2024+163%2025: $701.4M$701.4M2025+60%

Every line of the income statement as filed: the last 3 fiscal years, latest first.6

Period ending2025-12-312024-12-312023-12-31
Cost of sales$3.3B$2.9B$2.3B
Gross profit$3.1B$2.7B$1.9B
Total operating expenses$2.2B$2.0B$1.5B
Operating income$920.3M$644.2M$373.6M
Interest expense, net-$48.6M-$63.7M-$44.9M
Other income (expense), net$28.6M-$8.0M-$35.4M
Income before income taxes$900.3M$572.5M$293.2M
Provision for income taxes$198.9M$133.8M$126.2M
Net income$701.4M$438.7M$167.1M
Net income per share, basic (in dollars per share)$4.97$3.14$1.20
Net income per share, diluted (in dollars per share)$4.94$3.11$1.20
Weighted-average number of shares used in computing net income per share, basic (in shares)141.0M shares139.9M shares139.0M shares
Weighted-average number of shares used in computing net income per share, diluted (in shares)142.1M shares141.1M shares139.4M shares
Net sales$6.4B$5.5B$4.3B
Research and development$368.1M$341.3M$249.4M
Sales and marketing$1.5B$1.2B$897.6M
General and administrative$390.1M$433.4M$387.3M

Compare SharkNinja, Inc. with another company

Corporate structure

SharkNinja, Inc. sits at the top of its group. 29 entities, 15 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of SharkNinja, Inc.

  • Xuning Wang Filed SCHEDULE 13G/A on SharkNinja, Inc., latest Aug 14, 2026 (9 filings since Feb 8, 2024)
  • BlackRock Filed SCHEDULE 13G on SharkNinja, Inc., latest Jul 30, 2026
  • FMR LLC Filed SCHEDULE 13G/A on SharkNinja, Inc., latest Nov 5, 2025 (5 filings since Nov 12, 2024)
  • SharkNinja, Inc. Needham, Massachusetts
    • Qfeeltech (Beijing) Co., Ltd. Subsidiary · China
    • SharkNinja (Hong Kong) Company Limited Subsidiary · Hong Kong
    • SharkNinja Appliance LLC Subsidiary · Delaware, United States
    • SharkNinja Appliance UK Holdco Limited Subsidiary · United Kingdom
    • SharkNinja Canada Co. Subsidiary · Canada
    • SharkNinja Europe Ltd Subsidiary · United Kingdom
    • SharkNinja France S.A.S. Subsidiary · France
    • SharkNinja Germany GmbH Subsidiary · Germany
    • SharkNinja Global SPV 2 Limited Subsidiary · Cayman Islands
    • SharkNinja Global SPV, Ltd. Subsidiary · Cayman Islands
    • SharkNinja Holdco SPV Limited Subsidiary · Cayman Islands
    • SharkNinja Iberia Socieded Limitada Subsidiary · Spain
    • SharkNinja International Holding Company Subsidiary · Delaware, United States
    • SharkNinja Italy S.r.l. Subsidiary · Italy
    • SharkNinja Management LLC Subsidiary · Delaware, United States
    • SharkNinja Mexico Imports, S. de R.L. de C.V. Subsidiary · Mexico
    • SharkNinja Mexico, S. de R.L. de C.V. Subsidiary · Mexico
    • SharkNinja Midco LLC Subsidiary · Delaware, United States
    • SharkNinja Netherlands B.V. Subsidiary · Netherlands
    • SharkNinja Norway AS Subsidiary · Norway
    • SharkNinja Operating LLC Subsidiary · Delaware, United States
    • SharkNinja Poland sp z o.o Subsidiary · Poland
    • SharkNinja Sales Company Subsidiary · Delaware, United States
    • SharkNinja UK EP Limited Subsidiary · United Kingdom
    • SharkNinja Venus Technology Company Limited Subsidiary · Hong Kong
    • and 3 more

Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What SharkNinja, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Accumulated depreciation$335.3M6 Dec 31, 2025$266.8M6 Dec 31, 2024+25.7%
Property and equipment, net$232.2M6 Dec 31, 2025$211.5M6 Dec 31, 2024+9.8%
Operating-lease assets (leased space)$142.5M6 Dec 31, 2025$146.3M6 Dec 31, 2024−2.6%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$777.3M6 Dec 31, 2025$363.7M6 Dec 31, 2024+113.7%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$834.8M6 Dec 31, 2025$834.8M6 Dec 31, 20240%
Intangible assets, net (excluding goodwill)$451.1M6 Dec 31, 2025$462.7M6 Dec 31, 2024−2.5%
Finite-lived intangibles, gross$243.5M6 Dec 31, 2025$231.5M6 Dec 31, 2024+5.2%
Accumulated amortization$179.3M6 Dec 31, 2025$154.5M6 Dec 31, 2024+16.0%
Finite-lived intangibles, net$64.2M6 Dec 31, 2025$77.0M6 Dec 31, 2024−16.6%

Inventory

ItemLatestA year beforeChange
Inventory, total$1.0B6 Dec 31, 2025$900.0M6 Dec 31, 2024+11.4%

Properties, in its own words

Our corporate headquarters is located in Needham, Massachusetts. It covers approximately 248,000 square feet pursuant to an operating lease that expires in 2030. Our headquarters is primarily used for accounting, finance, information technology, legal, human resources, sales and marketing, customer support, product development and supply chain management functions. As of December 31, 2025, we leased additional facilities totaling approximately 1,414,000 square feet in multiple locations in the United States and internationally. Our facilities in the United States and Canada, which account for approximately 1,123,000 of the 1,414,000 square feet of additional facilities, are primarily used for sales and marketing, product quality assurance, distribution, supply chain management, finance and human resources. Our offices in Europe and the United Kingdom, which account for approximately 98,000 of the 1,414,000 square feet of additional facilities, are primarily used for accounting, finance, human resources, sales and marketing, customer support, product development and supply chain management. Our facilities in Asia, which account for approximately 193,000 of the 1,414,000 square feet of additional facilities, are primarily used for sales and marketing, product testing, product development, supply chain management, product quality assurance, distribution, finance, information technology and human resources. We believe that our facilities are adequate to meet our needs for the immediate future, and that, should it be needed, suitable additional space will be available to accommodate any such expansion of our operations.

Item 2 of the 10-K filed Mar 2, 2026.5

Leadership

Who has led SharkNinja, Inc., and when. Pick a name to see everywhere that person has worked.

Chief financial officer

  1. Adam Quigley2026–now
Board members and other officers (8)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • Qfeeltech (Beijing) Co., Ltd. People's Republic of China4
  • SharkNinja (Hong Kong) Company Limited Hong Kong4
  • SharkNinja Appliance LLC Delaware4
  • SharkNinja Appliance UK Holdco Limited United Kingdom4
  • SharkNinja Canada Co. Canada4
  • SharkNinja Europe Ltd United Kingdom4
  • SharkNinja France S.A.S. France4
  • SharkNinja Germany GmbH Germany4
  • SharkNinja Global SPV 2 Limited Cayman Islands4
  • SharkNinja Global SPV, Ltd. Cayman Islands4
  • SharkNinja Holdco SPV Limited Cayman Islands4
  • SharkNinja Iberia Socieded Limitada Spain4
  • SharkNinja International Holding Company Delaware4
  • SharkNinja Italy S.r.l. Italy4
  • SharkNinja Management LLC Delaware4
  • SharkNinja Mexico Imports, S. de R.L. de C.V. Mexico4
  • SharkNinja Mexico, S. de R.L. de C.V. Mexico4
  • SharkNinja Midco LLC Delaware4
  • SharkNinja Netherlands B.V. Netherlands4
  • SharkNinja Norway AS Norway4
  • SharkNinja Operating LLC Delaware4
  • SharkNinja Poland sp z o.o Poland4
  • SharkNinja Sales Company Delaware4
  • SharkNinja UK EP Limited United Kingdom4
All 28 listed subsidiaries
  • SharkNinja Venus Technology Company Limited Hong Kong4
  • SharkNinja Vietnam Company Limited Vietnam4
  • Shenzhen SharkNinja Technology Co., Ltd. People's Republic of China4
  • Suzhou SharkNinja Technology Co., Ltd. People's Republic of China4

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Former names

  • SharkNinja Global SPV, Ltd.Mar 30, 2023 to May 16, 20233

Timeline

  1. Aug 5, 20268-K Results of operations20
  2. Jul 13, 20268-K Other events21
  3. Jun 18, 20268-K Bylaws or fiscal year changed; Shareholder vote22
  4. May 6, 20268-K Results of operations23
  5. Feb 11, 20268-K Results of operations; Other events24
  6. Jan 20, 20268-K Executive or director change25
  7. Jan 7, 20268-K Executive or director change26
  8. Jan 2, 2026New chief executive Mark Barrocas becomes CEO11

Calendar

Coming up

  1. Nov 4, 2026 · Before the openReports results for the quarter ending Sep/2026 A year earlier it reported $1.45 a share, on Nov 6, 2025.27

When it reported results

  1. Aug 5, 2026Reported quarterly or annual results20
  2. May 6, 2026Reported quarterly or annual results23
  3. Feb 11, 2026Reported quarterly or annual results24

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

191 filings to the SEC since October 2021: 3 annual reports, 2 quarterly reports, 7 major events, 54 insider forms, 15 large holders, 110 other. The latest 20:

  1. Oct 9, 20264 EDGAR
  2. Oct 9, 20264 EDGAR
  3. Aug 28, 20264 EDGAR
  4. Aug 21, 20264 EDGAR
  5. Aug 20, 2026144 EDGAR
  6. Aug 14, 2026144 EDGAR
  7. Aug 14, 2026SCHEDULE 13G/A EDGAR
  8. Aug 11, 20264 EDGAR
  9. Aug 10, 20264 EDGAR
  10. Aug 7, 2026144 EDGAR
  11. Aug 7, 2026144 EDGAR
  12. Aug 7, 20264 EDGAR
  13. Aug 7, 20264 EDGAR
  14. Aug 6, 2026144 EDGAR
  15. Aug 5, 2026144 EDGAR
  16. Aug 5, 202610-Q EDGAR
  17. Aug 5, 20268-K EDGAR
  18. Aug 3, 20264 OWNERSHIP DOCUMENT EDGAR
  19. Jul 30, 2026SCHEDULE 13G EDGAR
  20. Jul 20, 20264 EDGAR

The 191 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

17 open-market trades by officers, directors and large owners since October 2021: 0 buys and 17 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Aug 26, 2026Shah Neil B.Chief Commercial OfficerSale50,000$186.36$9.3MForm 4
Aug 20, 2026Feld PeterDirectorSale5,000$180.00$900.0KForm 4
Aug 10, 2026Shah Neil B.Chief Commercial OfficerSale20,333$184.69$3.8MForm 4
Aug 7, 2026Quigley AdamChief Financial OfficerSale1,750$183.94$321.9KForm 4
Aug 7, 2026Shah Neil B.Chief Commercial OfficerSale29,667$186.76$5.5MForm 4
Aug 6, 2026Barrocas MarkChief Executive OfficerSale250,000$185.00$46.2MForm 4
Aug 5, 2026Barrocas MarkChief Executive OfficerSale250,000$170.00$42.5MForm 4
Jul 17, 2026Barrocas MarkChief Executive OfficerSale250,000$155.01$38.8MForm 4
Jul 10, 2026Wang XuningDirectorSale2,668,200$150.36$401.2MForm 4
Jun 25, 2026Barrocas MarkChief Executive OfficerSale100,000$145.00$14.5MForm 4
Jun 18, 2026Barrocas MarkChief Executive OfficerSale100,000$140.00$14.0MForm 4
Jun 4, 2026Lopez-Baldrich Pedro J.Chief Legal OfficerSale2,200$122.60$269.7KForm 4
May 8, 2026Quigley AdamChief Financial OfficerSale6,923$112.97$782.1KForm 4
Mar 4, 2026Quigley AdamChief Financial OfficerSale2,620$114.36$299.6KForm 4
Mar 3, 2026Lopez-Baldrich Pedro J.Chief Legal OfficerSale24,099$115.16$2.8MForm 4
Feb 26, 2026Barrocas MarkChief Executive OfficerSale46,511$129.00$6.0MForm 4
Feb 13, 2026Shah Neil B.Chief Commercial OfficerSale100,000$130.14$13.0MForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

  • Xuning WangSCHEDULE 13G/A, 9 filings Feb 8, 2024 to Aug 14, 202628
  • BlackRockSCHEDULE 13G, 1 filing Jul 30, 202629
  • FMR LLCSCHEDULE 13G/A, 5 filings Nov 12, 2024 to Nov 5, 202530

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025Mark BarrocasChief Executive Officer and Director54$1.4M$17.8M31
2025Neil ShahChief Commercial Officer, EVP46$652.2K$5.9M31
2025Adam QuigleyChief Financial Officer, EVP38$434.4K$1.5M31
2025Pedro J. Lopez-BaldrichChief Legal Officer, EVP53$582.7K$1.1M31
2025Patraic ReaganFormer Chief Financial Officer, EVP$482.5K$810.1K31
2024Mark BarrocasChief Executive Officer and Director54$1.4M$33.5M31
2024Neil ShahChief Commercial Officer, EVP46$621.6K$10.5M31
2024Patraic ReaganFormer Chief Financial Officer, EVP$425.0K$6.2M31
2024Pedro J. Lopez-BaldrichChief Legal Officer, EVP53$556.1K$2.9M31
2023Mark BarrocasChief Executive Officer and Director54$1.3M$105.4M31
2023Neil ShahChief Commercial Officer, EVP46$598.4K$22.2M31
2023Pedro J. Lopez-BaldrichChief Legal Officer, EVP53$537.3K$6.0M31

Members of Congress who traded it

1 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.

DateMemberTradeAmountVs S&P sinceFiling
Sep 23, 2025Val T. HoyleDemocratic, HouseSale$1,001 - $15,000−61.9%Report

Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).

SEC filer profile

How SharkNinja, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARSharkNinja, Inc.1
  • CIK0001957132
  • Employer ID (EIN)98-17380115
  • Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company5
  • Incorporated inCayman Islands5
  • Fiscal year endsDecember 311
  • Industry code (SIC)3630 Household Appliances1
  • SEC reviewing officeOffice of Manufacturing, Division of Corporation Finance1
  • Business address89 A Street, #100, Needham, MA 024941
  • Phone(617) 243-02351
  • Shares outstanding140,871,552 as of Jul 30, 20269
  • Public float$14.0B as of Jun 30, 20255
  • AuditorErnst & Young LLP, Boston, Massachusetts PCAOB ID 42; it also attests to the company’s internal control over financial reporting5
  • On EDGAR sinceMar 30, 20231
  • Filings191 in all: 144 (44), 4 (40), 6-K (17), 3 (14), SCHEDULE 13G/A (11), 8-K (7), CORRESP (7), UPLOAD (6)1
    All 36 form types

    DRS (3), DRS/A (3), EFFECT (3), F-1 (3), S-8 (3), 10-Q (2), 20-F (2), 424B4 (2), DRSLTR (2), F-1/A (2), SC 13G (2), SD (2), 10-K (1), 424B3 (1), 424B5 (1), 424B7 (1), 8-A12B (1), ARS (1), CERT (1), DEF 14A (1), DEFA14A (1), F-1MEF (1), F-3ASR (1), FWP (1), POSASR (1), PRE 14A (1), SC 13G/A (1), SCHEDULE 13G (1)

  • Latest filingsAnnual report (10-K) Mar 2, 2026
    Quarterly report (10-Q) Aug 5, 2026
    Proxy statement (DEF 14A) Apr 27, 2026
    Latest 8-K (8-K) Aug 5, 2026

Securities registered for trading

ClassSymbolExchange
Ordinary Shares, $0.0001 par value per shareSNNew York Stock Exchange

From the cover page of the 10-K filed Mar 2, 2026 (Section 12(b) of the Exchange Act).5

Risk factors and legal proceedings

The risks SharkNinja, Inc. names in Item 1A of its 10-K filed Mar 2, 2026: 74 risks under these headings, as written.5

  • Risks Related to Our Business, Operations and Industry
  • Our business depends on maintaining and strengthening our brands to generate and maintain ongoing demand for our products, and a significant reduction in such demand, or misuse by licensees of our brands, could harm our business, financial condition and results of operations.
  • If we are unable to commercialize a continuing stream of new products and line extensions that create demand, our ability to compete in the marketplace may be materially and adversely impacted.
  • Past growth may not be indicative of future growth.
  • We may be unable to manage our future growth effectively, which could make it difficult to execute our business strategy.
  • Our net sales and profits depend on the level of consumer spending on our products, which is sensitive to general economic conditions and other factors; during a downturn in the economy, consumer purchases of discretionary items may be adversely affected, which could materially harm our business, financial condition and results of operations.
  • Our growth depends, in part, on our continued penetration and expansion into new markets, and we may not be successful in doing so.
  • Our business could be adversely affected if we fail to maintain product safety, quality and performance at an acceptable cost.
  • We participate in highly competitive markets, and we may not be able to compete successfully, causing us to lose market share and sales.
  • The pace of technological change continues to accelerate and our ability to react effectively to such change may present significant competitive risks.
  • We rely principally on suppliers, and problems with, or loss of, our suppliers or an inability to obtain raw materials could harm our business, financial condition and results of operations.
  • We rely on a series of purchase orders with our suppliers. Some of these relationships are not exclusive, which means that these suppliers could produce similar products for our competitors.
The other 63 risks
  • If we fail to timely and effectively obtain shipments of products from our suppliers and deliver products to our retailers, consumers and distributors, our business, financial condition and results of operations could be harmed.
  • If we fail to maintain existing consumers and attract new consumers, or fail to do so in a cost-effective manner, we may not be able to increase sales.
  • If we are not successful in expanding our DTC sales channel by driving consumer traffic and consumer purchases through our infomercials and websites, our business, financial condition and results of operations could be harmed.
  • We have significant international operations and are exposed to risks associated with doing business globally.
  • Our results of operations could be materially harmed if we are unable to accurately forecast demand for our products and manage product inventory in an effective and efficient manner.
  • Our results of operations have been and may continue to be adversely affected by inflation, changes in the cost or availability of raw materials, energy, transportation and other necessary supplies and services.
  • We rely substantially on our retailers and distributors.
  • Use of social media and influencers may materially and adversely affect our reputation, business, financial condition and results of operations.
  • Insolvency, credit problems or other financial difficulties that could confront our retailers and distributors could expose us to financial risk.
  • If our suppliers, retailers and distributors do not comply with ethical business practices or with applicable laws and regulations, our reputation, business, financial condition and results of operations could be harmed.
  • Changes in consumer shopping trends and changes in distribution channels could significantly harm our business.
  • We are subject to many hazards and operational risks that can disrupt our business, some of which may not be insured or fully covered by insurance.
  • Our reputation and profitability have been and may continue to be adversely affected if our products are counterfeited or imitated in the market.
  • We are subject to payment-related risks that may result in higher operating costs or the inability to process payments, either of which could harm our business, financial condition and results of operations.
  • The failure of any bank in which we deposit our funds could have an adverse effect on our business, financial condition and results of operations.
  • Our sales and results of operations are subject to seasonal and quarterly variations.
  • Conflicts with our retailers could harm our business and operating results.
  • We may be unable to generate anticipated cost savings, successfully implement our strategies or efficiently manage our supply chain and manufacturing processes, and our business, financial condition and results of operations could suffer as a result.
  • We may acquire or invest in other companies, which could divert our management’s attention, result in dilution to our shareholders and otherwise disrupt our operations and harm our business, financial condition and results of operations.
  • As a result of retailers maintaining tighter inventory control, we face risks related to meeting demand and storing inventory.
  • We depend on highly skilled personnel, and if we are unable to recruit, hire, integrate, train and retain our personnel, we may not be able to address competitive challenges.
  • Risks Related to Intellectual Property, Information Technology and Data Privacy
  • Claims by third parties that we are infringing their intellectual property and other litigation could adversely affect our business.
  • If we fail to adequately protect our intellectual property rights, competitors may manufacture and market similar products, which could adversely affect our market share and results of operations.
  • A cybersecurity breach or failure of one or more key information technology systems could have a material adverse effect on our business or reputation.
  • We may not be able to enforce our intellectual property rights throughout the world.
  • If we are unable to protect the confidentiality of our proprietary information and know-how, the value of our technology and products could be harmed significantly.
  • We are subject to data security and privacy risks that could negatively affect our reputation, business, financial condition and results of operations.
  • Recent changes to patent laws in the United States and in foreign jurisdictions may limit our ability to obtain, defend and/or enforce our patents.
  • If we fail to comply with our obligations under license, technology or intellectual property agreements with third parties, we may be required to pay damages and we could lose license, technology or intellectual property rights that are critical to our business.
  • Some of our products and technologies contain open source software, which may pose particular risks to our proprietary software, products and technologies in a manner that could have a material and adverse effect on our business, financial condition and results of operations.
  • If we cannot license rights to use technologies on reasonable terms, we may not be able to commercialize new products in the future.
  • We rely on operating system providers and app stores to support some of our products and technologies, including our app, and any disruption, deterioration or change in their services, policies, practices, guidelines and/or terms of service could have a material adverse effect on our reputation, business, financial condition and results of operations.
  • Use of artificial intelligence in our operations and product offerings could result in reputational or competitive harm, legal or regulatory liability and adverse impacts on our results of operations.
  • IoT connected product offerings could result in reputational or competitive harm, legal or regulatory liability and adverse impacts on our results of operations.
  • Risks Related to Our Legal, Tax and Regulatory Environment
  • From time to time, we may be subject to legal proceedings, regulatory disputes and governmental inquiries that could cause us to incur significant expenses, divert our management’s attention and materially harm our business, financial condition and results of operations.
  • Our business involves the potential for product delays, product recalls, product liability and other claims against it, which could affect our business, financial condition and results of operations.
  • Public perceptions that some of the products we produce and market are not safe could adversely affect us.
  • Compliance with various public health, consumer protection and other regulations applicable to our products and facilities could increase our cost of doing business and expose us to additional requirements with which we may be unable to comply.
  • Significant changes to U.S. trade policies that restrict imports or increase import tariffs and the responses of other countries have had, and we will expect will continue to have, a material adverse effect on our business.
  • We are subject to governmental export and import controls, customs and economic sanction laws that could subject us to liability and impair our ability to compete in international markets.
  • Failure to comply with anti-corruption and anti-money laundering laws, including the FCPA and similar laws associated with our activities outside of the United States, could subject us to penalties and other adverse consequences.
  • Changes in tax laws or unanticipated tax liabilities could adversely affect our effective income tax rate and profitability.
  • We may be subject to the Economic Substance Regime in the Cayman Islands.
  • The Chinese government may intervene in or influence our operations or the operations of our third party suppliers at any time, which could result in a material change in our business, financial condition and results of operations as well as the value of our ordinary shares.
  • Focus by governmental and non-governmental organizations, consumers and shareholders on sustainability issues, including those related to climate change, may increase our costs and litigation risks, which may have an adverse effect on our business, financial condition and results of operations and damage our reputation.
  • We are subject to environmental and health and safety laws and regulations, which could subject us to liabilities, increase our costs or restrict our operations in the future.
  • Risks Related to Our Financial Condition
  • Our indebtedness could materially adversely affect our financial condition.
  • Restrictive covenants in our debt agreements may restrict our ability to pursue our business strategies.
  • Our net sales could decline due to changes in credit markets and decisions made by credit providers.
  • Our financial results and future growth could be harmed by currency exchange rate fluctuations.
  • We depend on cash generated from our operations to support our growth, and we may need to raise additional capital, which may not be available on terms acceptable to us or at all.
  • Future financing activities may adversely affect our leverage and financial condition.
  • If our estimates or judgments relating to our critical accounting policies prove to be incorrect or change significantly, our business, financial condition and results of operations could be harmed.
  • If our goodwill, other intangible assets or fixed assets become impaired, we may be required to record a charge to our earnings.
  • Circumstances associated with divestitures and product category exits could adversely affect our business, financial condition and results of operations.
  • We are a holding company and depend on our subsidiaries to meet our obligations and pay any dividends.
  • Risks Related to the Separation and Distribution
  • We may be unable to achieve some or all of the anticipated benefits of the separation, and the separation may adversely affect our business, financial condition and results of operations.
  • Conflicts of interest may arise because the Chairperson of our Board holds a management and board position with JS Global.
  • We or JS Global may fail to perform under various transaction agreements that were executed as part of the separation or we may fail to have necessary systems and services in place when certain of the transaction agreements expire.
  • A court could require that we assume responsibility for obligations allocated to JS Global under the Separation and Distribution Agreement.
  • Risks Related to Ownership of Our Ordinary Shares
  • An active trading market for our ordinary shares may not be sustained and our share price may be volatile such that you may not be able to resell your shares at or above the public offering price.
  • Substantial sales of our ordinary shares by our shareholders could cause the market price of our ordinary shares to decline.
  • We have limited history as a stand-alone public company, and our historical financial data is not necessarily representative of the results we would have achieved as a stand-alone public company and may not be a reliable indicator of our future results.

Legal proceedings

From time to time we are involved in legal proceedings that arise in the ordinary course of business. We believe that the outcome of these proceedings, if determined adversely, will not have a material adverse effect on our financial position. We have not been a party to or paid any damages in connection with any other litigation that has had a material adverse effect on our financial position. Any future litigation may result in substantial costs and be a distraction to management and our employees. No assurance can be given that future litigation will not have a material adverse effect on our financial position. For an additional discussion of certain risks associated with legal proceedings, see “Item 1A. Risk Factors” and “Note 11 - Commitments and Contingencies” to our audited consolidated financial statements found within “Item 8. Financial Statements and Supplementary Data” in this Annual Report.

The opening of Item 3, Legal Proceedings.5

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