Tile Shop Holdings Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	10.12	20.96	8.62	5.95	9.36
Cash & Short-Term Investments	10.12	20.96	8.62	5.95	9.36
Cash Growth	-51.71%	143.12%	44.92%	-36.44%	-2.69%
Accounts Receivable	3.46	3.09	2.88	3.41	3.2
Other Receivables	1.16	0.85	0.13	3.86	6.92
Receivables	4.62	3.94	3.01	7.27	10.13
Inventory	89.4	86.27	93.68	120.95	97.18
Restricted Cash	-	-	-	1.81	0.66
Other Current Assets	8.86	8.66	9.25	10.42	9.77
Total Current Assets	113	119.82	114.56	146.4	127.08
Property, Plant & Equipment	180.58	192.59	193.41	189.6	205.39
Long-Term Deferred Tax Assets	6.55	4.89	5.26	6.54	6.95
Other Long-Term Assets	1.59	2.3	3.45	3.29	1.34
Total Assets	301.73	319.6	316.67	345.82	340.76
Accounts Payable	25.33	23.81	23.35	23.51	30.88
Accrued Expenses	10.98	11.88	12.64	15.61	19.26
Current Portion of Leases	29.88	28.88	27.27	27.87	28.19
Current Income Taxes Payable	0.08	0.06	1.14	0	0.39
Current Unearned Revenue	9.92	10.88	10.72	11.32	13.79
Other Current Liabilities	3.02	2.89	3.64	4.99	5.2
Total Current Liabilities	79.21	78.39	78.75	83.29	97.71
Long-Term Debt	25	-	-	45.4	5
Long-Term Leases	104.96	113.7	112.7	103.35	110.26
Other Long-Term Liabilities	5.32	4.6	5.54	5.01	5.56
Total Liabilities	214.49	196.69	196.99	237.05	218.53
Common Stock	0	0	0	0	0.01
Additional Paid-In Capital	98.52	129.7	128.86	128	126.92
Retained Earnings	-11.28	-6.79	-9.11	-19.18	-4.71
Comprehensive Income & Other	-	-	-0.07	-0.05	0.01
Shareholders' Equity	87.24	122.91	119.69	108.77	122.22
Total Liabilities & Equity	301.73	319.6	316.67	345.82	340.76
Total Debt	159.85	142.58	139.96	176.62	143.45
Net Cash (Debt)	-149.73	-121.62	-131.34	-170.67	-134.09
Net Cash Per Share	-3.43	-2.77	-3.01	-3.47	-2.62
Filing Date Shares Outstanding	39.82	44.66	44.51	44.36	51.93
Total Common Shares Outstanding	39.82	44.66	44.51	44.38	51.96
Working Capital	33.8	41.43	35.81	63.11	29.37
Book Value Per Share	2.19	2.75	2.69	2.45	2.35
Tangible Book Value	87.24	122.91	119.69	108.77	122.22
Tangible Book Value Per Share	2.19	2.75	2.69	2.45	2.35
Land	0.88	0.9	0.9	0.9	0.9
Buildings	25.2	25.98	25.98	25.84	24.76
Machinery	246.66	245.2	237.6	236.94	225.73
Construction In Progress	0.64	1.92	2.87	1.65	0.68
Leasehold Improvements	110.97	107.32	102.24	99.95	98.53

Source: S&P Global Market Intelligence. Standard template. Financial Sources.