YETI Holdings, Inc. is an American brand of outdoor recreation products, headquartered in Austin, Texas, specializing in outdoor products such as ice chests, vacuum-insulated stainless-steel drinkware, soft coolers, dry bags, and related accessories.3Wikipedia text CC BY-SA 4.0
YETI Holdings, Inc. is an American brand of outdoor recreation products, headquartered in Austin, Texas, specializing in outdoor products such as ice chests, vacuum-insulated stainless-steel drinkware, soft coolers, dry bags, and related accessories.3
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Where each dollar of operating cash went, fiscal 2026
Capital spendingShare buybacks
Capital spending13¢$42.7M
Share buybacks87¢$297.8M
Out of $254.7M of cash from operations. Spending exceeded cash from operations; the rest came from savings or borrowing.6
Financial statements
Revenue1112136$1.9B in 2026+104% since 2019Gross profit1112136$1.1B in 2026+126% since 2019Operating income1112136$213.6M in 2026+138% since 2019Net income1112136$165.4M in 2026+228% since 2019
Revenue1415$483.9M in Q2 FY2026+27% since Q1 FY2026Gross profit1415$322.5M in Q2 FY2026+53% since Q1 FY2026Operating income1415$93.5M in Q2 FY2026+652% since Q1 FY2026Net income1415$71.3M in Q2 FY2026+624% since Q1 FY2026
Every line of the income statement as filed: the last 3 fiscal years, latest first.6
Period ending
2025-12-31
2024-12-31
2023-12-31
Net sales
$1.9B
$1.8B
$1.7B
Cost of goods sold
$795.8M
$766.6M
$715.5M
Gross profit
$1.1B
$1.1B
$943.2M
Selling, general, and administrative expenses
$859.1M
$817.9M
$717.7M
Operating income
$213.6M
$245.4M
$225.5M
Interest (expense) income, net
-$443.0K
$660.0K
-$942.0K
Other income (expense), net
$7.2M
-$13.2M
$1.4M
Income before income taxes
$220.3M
$232.8M
$225.9M
Income tax expense
-$54.9M
-$57.2M
-$56.1M
Net income
$165.4M
$175.7M
$169.9M
Basic (in dollars per share)
$2.05
$2.07
$1.96
Diluted (in dollars per share)
$2.03
$2.05
$1.94
Basic (in shares)
80.6M shares
84.9M shares
86.7M shares
Diluted (in shares)
81.6M shares
85.8M shares
87.4M shares
No quarter-by-quarter statement was filed.
Total assets161117136$1.2B in 2026+96% since 2019Total liabilities161117136$585.1M in 2026+15% since 2019Shareholders’ equity12176$650.3M in 2026+433% since 2019Cash12176$188.3M in 2026+160% since 2019Long-term debt1617136$68.3M in 2026−76% since 2019
Total assets1415$1.3B in Q2 FY2026+5% since Q1 FY2026Total liabilities1415$692.2M in Q2 FY2026+18% since Q1 FY2026Shareholders’ equity1415$609.5M in Q2 FY2026−6% since Q1 FY2026Cash1415$59.8M in Q2 FY2026−68% since Q1 FY2026Long-term debt1415$96.4M in Q2 FY2026+41% since Q1 FY2026
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.6
Period ending
2025-12-31
2024-12-31
2023-12-31
2022-12-31
Cash
$188.3M
$358.8M
$439.0M
$234.7M
Accounts receivable, net
$141.4M
$120.2M
Inventory
$290.6M
$310.1M
Prepaid expenses and other current assets
$39.9M
$37.7M
Total current assets
$660.3M
$826.8M
Property and equipment, net
$142.1M
$126.3M
Operating lease right-of-use assets
$131.5M
$78.3M
Goodwill
$72.3M
$72.6M
Intangible assets, net
$219.8M
$172.0M
Other assets
$9.4M
$10.2M
Total assets
$1.2B
$1.3B
Accounts payable
$140.2M
$158.5M
Accrued expenses and other current liabilities
$135.4M
$128.2M
Taxes payable
$15.9M
$38.1M
Accrued payroll and related costs
$22.7M
$28.6M
Operating lease liabilities
$15.0M
$19.6M
Current maturities of long-term debt
$5.2M
$6.5M
Total current liabilities
$334.3M
$379.5M
Long-term debt, net of current portion
$68.3M
$72.8M
Operating lease liabilities, non-current
$139.9M
$73.6M
Other liabilities
$42.6M
$20.1M
Total liabilities
$585.1M
$546.0M
Common stock, par value $0.01; 600,000,000 shares authorized; 89,952,916 and 74,992,260 shares issued and outstanding at January 3, 2026, respectively, and 89,190,494 and 82,939,467 shares issued and outstanding at December 28, 2024, respectively
$900.0K
$892.0K
Treasury stock, at cost; 14,960,656 shares
-$602.3M
-$281.6M
Preferred stock, par value $0.01; 30,000,000 shares authorized; no shares issued or outstanding
$0
$0
Additional paid-in capital
$471.8M
$405.9M
Retained earnings
$779.5M
$614.1M
Accumulated other comprehensive gain
$362.0K
$756.0K
Total stockholders equity
$650.3M
$740.1M
$723.6M
$526.5M
Total liabilities and stockholders equity
$1.2B
$1.3B
Common stock, par value (in dollars per share)
$0.01
$0.01
Common stock, authorized (in shares)
600.0M shares
600.0M shares
Common stock, shares, issued (in shares)
90.0M shares
89.2M shares
Common stock, outstanding (in shares)
75.0M shares
82.9M shares
Treasury stock, shares (in shares)
15.0M shares
15.0M shares
Preferred stock, par value (in dollars per share)
$0.01
$0.01
Preferred stock, authorized (in shares)
30.0M shares
30.0M shares
Preferred stock, issued (in shares)
0 shares
0 shares
Preferred stock, outstanding (in shares)
0 shares
0 shares
Period ending
2025-12-31
2024-12-31
2023-12-31
2022-12-31
Cash
$188.3M
$358.8M
$439.0M
$234.7M
Accounts receivable, net
$141.4M
$120.2M
Inventory
$290.6M
$310.1M
Prepaid expenses and other current assets
$39.9M
$37.7M
Total current assets
$660.3M
$826.8M
Property and equipment, net
$142.1M
$126.3M
Operating lease right-of-use assets
$131.5M
$78.3M
Goodwill
$72.3M
$72.6M
Intangible assets, net
$219.8M
$172.0M
Other assets
$9.4M
$10.2M
Total assets
$1.2B
$1.3B
Accounts payable
$140.2M
$158.5M
Accrued expenses and other current liabilities
$135.4M
$128.2M
Taxes payable
$15.9M
$38.1M
Accrued payroll and related costs
$22.7M
$28.6M
Operating lease liabilities
$15.0M
$19.6M
Current maturities of long-term debt
$5.2M
$6.5M
Total current liabilities
$334.3M
$379.5M
Long-term debt, net of current portion
$68.3M
$72.8M
Operating lease liabilities, non-current
$139.9M
$73.6M
Other liabilities
$42.6M
$20.1M
Total liabilities
$585.1M
$546.0M
Common stock, par value $0.01; 600,000,000 shares authorized; 89,952,916 and 74,992,260 shares issued and outstanding at January 3, 2026, respectively, and 89,190,494 and 82,939,467 shares issued and outstanding at December 28, 2024, respectively
$900.0K
$892.0K
Treasury stock, at cost; 14,960,656 shares
-$602.3M
-$281.6M
Preferred stock, par value $0.01; 30,000,000 shares authorized; no shares issued or outstanding
$0
$0
Additional paid-in capital
$471.8M
$405.9M
Retained earnings
$779.5M
$614.1M
Accumulated other comprehensive gain
$362.0K
$756.0K
Total stockholders equity
$650.3M
$740.1M
$723.6M
$526.5M
Total liabilities and stockholders equity
$1.2B
$1.3B
Common stock, par value (in dollars per share)
$0.01
$0.01
Common stock, authorized (in shares)
600.0M shares
600.0M shares
Common stock, shares, issued (in shares)
90.0M shares
89.2M shares
Common stock, outstanding (in shares)
75.0M shares
82.9M shares
Treasury stock, shares (in shares)
15.0M shares
15.0M shares
Preferred stock, par value (in dollars per share)
$0.01
$0.01
Preferred stock, authorized (in shares)
30.0M shares
30.0M shares
Preferred stock, issued (in shares)
0 shares
0 shares
Preferred stock, outstanding (in shares)
0 shares
0 shares
Cash from operations1112136$254.7M in 2026+193% since 2019Capital spending1112136$42.7M in 2026+33% since 2019Free cash flow1112136$212.1M in 2026+287% since 2019Dividends paid11$0 in 2022Share buybacks1612136$297.8M in 2026
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.6
Period ending
2025-12-31
2024-12-31
2023-12-31
Net income
$165.4M
$175.7M
$169.9M
Depreciation and amortization
$54.2M
$48.1M
$46.4M
Amortization of deferred financing fees
$653.0K
$649.0K
$604.0K
Stock-based compensation
$47.7M
$40.7M
$29.8M
Deferred income taxes
$28.1M
-$11.2M
$25.6M
Impairment of long-lived assets
$3.8M
$5.5M
$2.9M
Loss on prepayment, modification, or extinguishment of debt
$0
$0
$330.0K
Product recalls
$2.9M
$9.9M
$1.9M
Other
-$3.9M
$9.9M
-$6.2M
Accounts receivable, net
-$18.2M
-$23.7M
-$15.7M
Inventory
$23.9M
$39.8M
$33.7M
Other current assets
$6.6M
$9.5M
-$7.9M
Accounts payable and accrued expenses
-$27.7M
-$47.0M
-$15.1M
Taxes payable
-$23.9M
$669.0K
$18.2M
Other
-$4.8M
$2.8M
$1.6M
Net cash provided by operating activities
$254.7M
$261.4M
$285.9M
Purchases of property and equipment
-$42.7M
-$41.8M
-$50.7M
Business acquisition, net of cash acquired
$0
-$36.2M
$0
Additions of intangibles, net
-$59.2M
-$53.5M
-$22.2M
Net cash used in investing activities
-$101.8M
-$131.4M
-$72.8M
Repayments of long-term debt
-$4.2M
-$4.2M
-$7.7M
Proceeds from employee stock transactions
$0
$294.0K
$1.6M
Taxes paid in connection with employee stock transactions
-$1.8M
-$1.5M
-$2.5M
Finance lease principal payment
-$16.0M
-$3.8M
-$2.1M
Repurchase of common stock
-$297.8M
-$200.0M
$0
Payments of deferred financing fees
$0
$0
-$2.8M
Payment of excise taxes on share repurchases
-$1.6M
$0
$0
Net cash used in financing activities
-$321.4M
-$209.2M
-$13.6M
Effect of exchange rate changes on cash
-$2.0M
-$886.0K
$4.7M
Net (decrease) increase in cash
-$170.5M
-$80.2M
$204.2M
Interest paid
$4.7M
$5.8M
$6.7M
Income taxes paid, net of refunds
$48.0M
$65.2M
$14.1M
Property and equipment additions included in accounts payable and accrued expenses
YETI sits at the top of its group. 15 entities, 13 countries on record. Switch between the flow chart and the network, and select any entity to see its details.
YETI Products Vietnam Company Limited Subsidiary · Vietnam
YETI UK Limited Subsidiary · United Kingdom
Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; subsidiaries, stakes and holdings from Wikidata (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What YETI 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.
Our corporate headquarters are located in a 169,000 square foot leased facility in Austin, Texas. As of January 3, 2026, we also leased office and building space in Montana, Australia, Canada, China, Japan, Vietnam, Thailand, Germany, the United Kingdom, and the Netherlands, and additional building space in Austin, Texas. Our primary distribution centers are leased and managed by third-party logistics providers and, as of January 3, 2026, were located in Salt Lake City, Utah, Memphis, Tennessee, Sumner, Washington, Australia, Canada, the United Kingdom, New Zealand, Japan, and the Netherlands.
As of January 3, 2026, we operated 27 retail stores across the United States. Our retail stores are generally leased under operating leases.
The rest of Item 2
We believe that our facilities, including space available through our third-party logistics providers, are in good condition and are adequate to support our current needs.
YETI was founded by Roy and Ryan Seiders in 2006. Their father Roger Seiders had designed a fishing rod epoxy. Ryan graduated from Texas A&M University in 1996 and Roy graduated from Texas Tech University in 2000.
In 2006, Ryan started Waterloo Rods and sold the company nine years later. Roy, an angler and hunter, began his career making custom boats designed for shallow-depth fishing off the Texas Gulf Coast.
In June 2012, a two-thirds stake of the company was purchased by private equity firm Cortec Group for $67 million.
In July 2016, the company filed with the Security and Exchange Commission for an initial public offering with plans to list on the New York Stock Exchange under the "YETI" symbol. The company was seeking a valuation of $5 billion and hoped to raise $100 million, but retracted the IPO two years later, in March 2018, citing "market conditions".
On February 23, 2017 YETI opened its first flagship store in Austin, Texas. Today, YETI has opened over 20 stores across the United States.
As of January 8, 2018, YETI was a sponsor of the Professional Bull Riders and the YETI "Built for the Wild" event.
On October 25, 2018, YETI became a public company via an initial public offering of 16 million shares at a price of $18 per share.
On November 4, 2020, YETI initiated a consumer product safety recall for over 240,000 Rambler mugs, manufactured in China, for what the U.S. Consumer Product Safety Commission described as "Injury and Burn Hazards". The commission explained that the magnetic slider on the lid could malfunction and hot contents could spill. The product was sold in stores and through the company's website during October that year.
Read the full text
On February 2, 2024, YETI Holdings, Inc. completed the acquisition of Mystery Ranch, a Bozeman, Montana-based manufacturer of high-performance load-bearing backpacks, for approximately $36.2 million.
The company targets niche markets of high-end hunting and fishing enthusiasts, outdoorsmen, beach goers, and water enthusiasts. YETI sponsored professional outdoors-men and hunting and fishing shows.
Coolers
The Tundra range can be locked with two padlocks, making it certified bear-resistant according to the Interagency Grizzly Bear Committee.
YETI also makes soft-sided coolers called the "Hopper" series.
Their most expensive one is 82 gallons and sells for $1,300. The brothers teamed up with a factory in the Philippines to create an "indestructible cooler", with superior ice retention.
Read the full text
Other products
YETI also sells drinkware, apparel, bags, and miscellaneous outdoor gear. YETI sells drinkware products under the "Rambler" line ranging from 10 ounces to one gallon in size. The company also makes an ice bucket called the "YETI Tank".
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
298 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 46 major events, 166 insider forms, 36 large holders, 30 other. The latest 20:
12 open-market trades by officers, directors and large owners since October 2021: 0 buys and 12 sales. Grants, option exercises and gifts are left out.
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.
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.
From the cover page of the 10-K filed Feb 27, 2026 (Section 12(b) of the Exchange Act).18
Risk factors and legal proceedings
The risks YETI names in Item 1A of its 10-K filed Feb 27, 2026: 47 risks under these headings, as written.18
Risks Related to Our Business, Operations and Industry
Our business depends on maintaining and strengthening our brand to attract new customers and generating and maintaining ongoing demand for our products, and a significant reduction in such demand could harm our results of operations.
If we are unable to successfully design, develop and market new products, our business may be harmed.
Our business could be materially harmed if we are unable to accurately forecast our growth rate and demand for our products.
We may not be able to effectively manage our growth.
Our growth depends, in part, on expanding into additional consumer markets, and we may not be successful in doing so.
The markets in which we compete are highly competitive and include numerous other brands and retailers that offer a wide variety of products that compete with our products; if we fail to compete effectively, we could lose our market position.
Our future success depends on the continuing efforts of our management and key employees and on our ability to attract and retain highly skilled personnel and senior management.
Unauthorized use or invalidation of our patents, trademarks, copyrights, trade dress, trade secrets, or other intellectual property or proprietary rights may cause significant damage to our brand and harm our results of operations.
We may be subject to liability if we infringe upon the intellectual property rights of third parties.
We rely on third-party contract manufacturers, and problems with, or loss of, our suppliers or an inability to obtain raw materials could harm our business and results of operations.
If we fail to timely and effectively obtain shipments of products from our manufacturers and deliver products to our retail partners and customers, our business and results of operations could be harmed.
The other 36 risks
Our business could be harmed if we fail to execute our plans to continue expanding our supply chain, technology and certain other business processes to a large global scale.
If we cannot maintain prices or effectively implement price increases, our margins may decrease.
Fluctuations in the cost and availability of raw materials, equipment, labor, and transportation could cause manufacturing delays or increase our costs.
Many of our products are manufactured by third parties outside of the United States, and our business may be harmed by legal, regulatory, economic, political and public health risks associated with international trade and those markets.
Adverse changes in international trade policies, tariffs and treaties, including increases in tariff rates and the imposition of additional tariffs, may materially adversely affect our business and results of operations.
Our aspirations, disclosures, and actions related to sustainability matters expose us to risks that could adversely affect our reputation and performance.
Climate change, and related legislative and regulatory responses to climate change, may adversely impact our business.
If the retail partners in our wholesale channel cease to promote or carry our current products or choose not to promote or carry new products that we develop, or if we need to raise our discounts to such retail partners to remain competitive, our brand as well as our results of operations and financial condition could be harmed.
If we do not successfully navigate risks associated with, or realize sufficient return on investments in, our DTC channel, our business and results of operations could be harmed.
Operating retail stores incurs substantial fixed costs and if we are unable to generate sales, operate our retail stores profitably, or otherwise fail to meet expectations, we may be unable to reduce such fixed costs and avoid losses or negative cash flows.
Insolvency, credit problems or other financial difficulties that could confront our retail partners could expose us to financial risk.
If our independent suppliers and manufacturing partners do not comply with ethical business practices or with applicable laws and regulations, our reputation, business, and results of operations could be harmed.
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.
Our plans for international expansion may not be successful; our limited operating experience and limited brand recognition in new markets may make it more difficult to execute our expansion strategy and cause our business and growth to suffer.
Our financial results and future growth have been, and could in the future be, harmed by currency exchange rate fluctuations.
We may become involved in legal or regulatory proceedings and audits.
We may be subject to product recall, warranty liability, product liability, and other claims against us, which could adversely affect our reputation, earnings, and financial condition.
Our results of operations are subject to seasonal and quarterly variations, which could cause the price of our common stock to decline.
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.
Risks Related to Market and Global Economic Conditions
Our net sales and profits depend on the level of customer spending for our products, which is sensitive to general economic conditions and other factors; adverse economic conditions, such as a downturn in the economy or inflationary conditions resulting in rising prices, could adversely affect consumer purchases of discretionary items, which could materially harm our sales, profitability, and financial condition.
Public health crises could negatively impact our business, sales, financial condition, results of operations and cash flows.
Risks Related to Information Technology and Security
We rely significantly on information technology, and any compromise or interruption of that technology resulting from cybersecurity incidents, data security breaches, design defects or system failures could have a material negative impact on our business.
The integration and use of AI in our business presents risks and challenges that could adversely affect our business, reputation, and results of operations.
Risks Related to Our Financial Condition, Accounting and Tax Matters
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.
Our indebtedness may limit our ability to invest in the ongoing needs of our business and if we are unable to comply with the covenants in our current Credit Facility, our liquidity 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.
If our estimates or judgments relating to our critical accounting policies prove to be incorrect or change significantly, our results of operations could be harmed.
Changes in tax laws or unanticipated tax liabilities could adversely affect our effective income tax rate and profitability.
Risks Related to Ownership of Our Common Stock
If we are unable to maintain effective internal control over financial reporting, investors may lose confidence in the accuracy and completeness of our reported financial information and the market price of our common stock may be negatively affected.
We cannot guarantee that our share repurchase program will be fully consummated or that it will enhance long-term stockholder value, and share repurchases could increase the volatility of the price of our common stock.
Anti-takeover provisions in our charter documents and under Delaware law could make an acquisition of the Company more difficult, limit attempts by our stockholders to replace or remove our current management, and limit the market price of our common stock.
Our Amended and Restated Certificate of Incorporation provides that the Court of Chancery of the State of Delaware is the sole and exclusive forum for substantially all disputes between us and our stockholders and our Amended and Restated Bylaws provide that the federal district courts of the United States are the exclusive forum for complaints asserting a cause of action under the Securities Act, which could limit our stockholders’ ability to obtain a favorable judicial forum for disputes with us or our directors, officers, or employees.
YETI Holdings, Inc. is a holding company with no operations of its own and, as such, it depends on its subsidiaries for cash to fund its operations and expenses, including future dividend payments, if any.
Risks Related to Acquisitions, Strategic Transactions, and Stockholder Activism
We have acquired and may in the future acquire or invest in other companies, which could divert our management’s attention, result in dilution to our stockholders, and otherwise disrupt our operations and harm our results of operations.
We may be the target of strategic transactions, which could divert our management's attention and otherwise disrupt our operations and adversely affect our business.
We may be the target of stockholder activism, an unsolicited takeover proposal, a proxy contest, or short sellers, which could negatively impact our business.
Legal proceedings
We are involved in various claims and legal proceedings, some of which are covered by insurance. We believe that our existing claims and proceedings are not material.
