VINCE HOLDING CORP. financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data VINCE HOLDING CORP. files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	268	273	362	375	220	323	357	293	293	300
Cost of revenue	145	151	192	197	131	176	219	160	148	151
Gross profit	123	122	169	178	88.6	147	138	133	145	149
Selling, general and administrative	134	140	164	179	123	146	161	134	138	140
Selling and marketing	8.16	8.94	15.1	17.6	11.9	16.3	15.3	11.8	12.5	14.4
Operating income	-64.7	-18.3	5.36	-20.4	-61.1	0.48	-25.4	31.6	-17.2	9.24
Interest expense	3.93	5.54	6.92	4.96	5.01	8.61	9.89	11.1	6.57	3.43
Other non-operating income	-0.33	81.9	-0.24	55.8	2.3
Pre-tax income	-68.9	58	-1.8	30.5	-63.8	-8.12	-35.3	20.5	-23.4	7.37
Income tax	93.7	-0.57	0.16	0.1	1.87	4.58	3.04	-3.48	-3.64	2.58
Net income	-163	58.6	-1.96	30.4	-65.6	-12.7	-38.3	25.4	-19	6.38
EBITDA	-56	-8.22	16.7	-10.8	-54.2	6.98	-17.1	36.6	-13.2	12.1
EPS, basic	-35.04	7.70	-0.17	2.60	-5.58	-1.07	-3.14	2.05	-1.51	0.49
EPS, diluted	-35.04	7.70	-0.17	2.55	-5.58	-1.07	-3.14	2.04	-1.51	0.49
Shares, basic (weighted)	4.64	7.61	11.6	11.8	11.8	11.9	12.2	12.4	12.6	13
Shares, diluted (weighted)	4.64	7.61	11.6	11.8	11.8	11.9	12.2	12.5	12.6	13.1

Balance sheet

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	21	5.37	0.21	0.47	3.78	1.06	1.08	0.36	0.61	0.5
Receivables	10.3	20.8	38	40.7	31.9	29.9	20.7	20.7	32.9	30.5
Inventory	38.5	48.9	71.6	66.4	68.2	78.6	90	58.8	59.1	66.2
Other current assets	4.77	6.52	9.63	6.73	6.7	5.8	3.52	5	3.9	3.77
Total current assets	74.6	81.6	120	114	111	115	115	84.8	96.6	101
Property, plant and equipment	42.9	31.6	29.3	25.3	17.7	17.1	10.5	6.97	7.38	7.94
Lease right-of-use assets				94.6	92	92.7	72.6	73	91.2	90.9
Goodwill	41.4	41.4	43.6	41.4	32	32	32	32	0	0
Intangible assets	77.7	77.1	100	81.5	76.5	75.8	70.1
Other non-current assets	2.79	2.44	3.94	5.08	4.17	4.25	2.58	2.25	4.11	3.79
Total assets	239	235	297	362	333	337	303	225	223	225
Accounts payable	37	22.6	40.3	43.1	40.2	46.7	49.4	31.7	35.1	25.9
Accrued liabilities	3.43	6.72	6.93	9.62	4.23	6.24	4.3	3.97	8.71	10.8
Short-term debt		8	2.75	2.75		2.63	3.5
Total current liabilities	50.4	45.2	79.2	90.3	82.2	91.5	93.1	61.4	73.5	67.9
Long-term debt	48.3	40.7	42.3	48.7	84.5	88.9	108	44	19.2	19.5
Lease liabilities				90.2	97.1	94.4	72.1	67.7	87.2	86.5
Other non-current liabilities	138	58.3	59	2.35	1.2	0.63	0.87		0.46	0.39
Total liabilities	253	135	198	232	267	281	283	178	181	175
Total debt	48.3	48.7	45.1	51.4	84.5	91.5	112	44	19.2	19.5
Paid-in capital	1,083	1,113	1,135	1,137	1,138	1,141	1,143	1,145	1,158	1,160
Retained earnings	-1,097	-1,039	-1,036	-1,006	-1,072	-1,085	-1,123	-1,098	-1,117	-1,110
Other comprehensive income	-0.07	-0.07	-0.08	-0.1	-0.13	-0.12	-0.08	-0.08	0.03	0.16
Shareholders' equity	-14	99.9	99.2	131	66.2	55.8	20.3	47.2	41.8	50.1
Total equity	-14	99.9	99.2	131	66.2	55.8	20.3	47.2	41.8	50.1
Total liabilities and equity	239	235	297	362	333	337	303	225	223	225
Shares outstanding	4.94	11.6	11.6	11.7	11.8	12	12.3	12.5	12.8	12.8

Cash flow statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Net income	-163	58.6	-1.96	30.4	-65.6	-12.7	-38.3	25.4	-19	6.38
Depreciation and amortization	8.68	10.1	11.3	9.6	6.9	6.5	8.33	4.94	4.01	2.91
Stock-based compensation	1.34	1.14	1.34	2.03	1.28	2.08	2.1	1.54	1.59	0.43
Deferred income tax	93.4	-0.38	-0.09	0.1	1.69	4.38	2.87	-4.02	-4.28	0.01
Change in receivables	-0.94	-10.3	-9.92	-2.58	6.59	2.2	8.79	-0.04	-11.7	-4.67
Change in inventory	-1.95	-10.4	-10.9	5.25	-1.82	-10.3	-11.5	31.2	-0.38	-7.04
Change in payables	-24.4	-9.79	9.93	7.61	-6.56	6.02	2.7	-24	19.8	-5.09
Cash from operations	-29.7	-40.4	2.62	16.8	-25.1	-0.22	-19.3	1.64	22.1	2.99
Capital expenditures	-14.3	-3.38	-3.7	-4.52	-3.5	-5.06	-2.78	-1.46	-4.23	-4.29
Cash from investing	-14.3	-3.38	-3.7	-4.52	-3.5	-5.06	1.47	75.5	-4.23	-4.29
Debt issued			27.5			35
Debt repaid		-12	-33	-2.75		-24.8	-5.62	-29.4	-15	0
Stock issued	63.8	29				0.15	0.83		0.03	2.03
Cash from financing	58.7	28.2	-4.74	-12	31.8	2.51	17.8	-77.1	-18.4	1.18
Net change in cash	14.7	-15.6	-5.82	0.31	3.22	-2.76	0.02	0.1	-0.55	-0.12
Free cash flow	-44	-43.8	-1.08	12.3	-28.6	-5.28	-22	0.18	17.8	-1.3
Interest paid	2.95	4.68	5.48	4.2	3.14	4.49	3.35	6.4	1.78	2.06
Income taxes paid	0.33	-0.24	0.03	-0.01	-0.11	0.07	0.17	0.75	0.03	1.82

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to August 1, 2026; growth uses fiscal years. Valuation uses the share price of $11.50 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Gross margin	52.5%	Gross profit / revenue.
Operating margin	4.3%	Operating income / revenue.
EBITDA margin	5.1%	EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin	3.5%	Pre-tax income / revenue.
Net margin	2.4%	Net income / revenue.
FCF margin	5.8%	Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin	6.3%	Cash from operations / revenue.
Effective tax rate	48.0%	Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)	13.0%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	3.3%	Net income / average total assets.
Return on invested capital (ROIC)	10.0%	Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
SG&A / revenue	48.3%	Selling, general and administrative expense / revenue.
Stock-based pay / revenue	0.1%	Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue	0.5%	Capital expenditures / revenue.
D&A / revenue	0.8%	Depreciation and amortization / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	2.2%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	-5.7%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	6.4%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y	2.7%	Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y	2.6%	Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit CAGR, 5y	11.0%	Compound annual growth of gross profit over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating cash flow growth, 1y	-86.5%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow growth, 1y	-107.3%	Free cash flow vs the same period a year earlier. Only from a positive base.
Book value growth, 1y	20.0%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	35.2%	Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y	-5.4%	Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	1.0%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	-9.5%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	-7.5%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y	3.9%	Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y	2.3%	Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y	2.1%	Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

Metric	Value	How it is calculated
Current ratio	1.49x	Current assets / current liabilities.
Quick ratio	0.40x	(Cash + short-term investments + receivables) / current liabilities.
Cash ratio	0.01x	(Cash + short-term investments) / current liabilities.
Debt / equity	0.21x	Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets	5.4%	Total debt / total assets.
Liabilities / assets	74.3%	Total liabilities / total assets.
Net debt	$11.2M	Total debt - cash - short-term investments. Negative means more cash than debt.
Net debt / EBITDA	0.70x	Net debt / EBITDA (twelve months), when EBITDA is positive.
Interest coverage	4.37x	Operating income / interest expense.
Working capital	$34.9M	Current assets - current liabilities.
Tangible book value	$58.8M	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	1.37x	Revenue / average total assets.
Fixed asset turnover	39.6x	Revenue / average property, plant and equipment.
Inventory turnover	2.04x	Cost of revenue / average inventory.
Days inventory	179 days	365 x average inventory / cost of revenue.
Receivables turnover	11.5x	Revenue / average receivables.
Days sales outstanding	32 days	365 x average receivables / revenue.
Days payables	82 days	365 x average accounts payable / cost of revenue.
Cash conversion cycle	128 days	Days inventory + days sales outstanding - days payables.
FCF conversion	237.8%	Free cash flow / net income, when net income is positive.
Capex / operating cash flow	8.7%	Capital expenditures / cash from operations, when that is positive.

Per share

Metric	Value	How it is calculated
EPS, diluted	$0.58	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share	$23.86	Revenue / diluted weighted shares.
FCF per share	$1.37	Free cash flow / diluted weighted shares.
Operating cash flow per share	$1.50	Cash from operations / diluted weighted shares.
Book value per share	$4.55	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	$4.55	Tangible book value / shares outstanding.
Cash per share	$0.08	(Cash + short-term investments) / shares outstanding.

Valuation

Metric	Value	How it is calculated
Market cap	$147.7M	Share price x shares outstanding.
Enterprise value	$159.0M	Market cap + total debt - cash - short-term investments.
P/E	19.4x	Market cap / net income. Only when net income is positive.
P/S	0.47x	Market cap / revenue.
P/B	2.51x	Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book	2.51x	Market cap / tangible book value, when positive.
P/FCF	8.16x	Market cap / free cash flow. Only when free cash flow is positive.
P/OCF	7.45x	Market cap / cash from operations, when positive.
EV/Sales	0.51x	Enterprise value / revenue.
EV/EBIT	11.8x	Enterprise value / operating income, when both are positive.
EV/EBITDA	9.92x	Enterprise value / EBITDA, when both are positive.
EV/FCF	8.78x	Enterprise value / free cash flow, when both are positive.
FCF yield	12.3%	Free cash flow / market cap.
Earnings yield	5.2%	Net income / market cap (the inverse of P/E).

What was VINCE HOLDING CORP.'s revenue in fiscal 2025?

VINCE HOLDING CORP. reported revenue of $300.0M for fiscal 2025, 2.2% higher than the year before.

Was VINCE HOLDING CORP. profitable in fiscal 2025?

Yes. Net income was $6.4M, a net margin of 2.1%.

How much free cash flow did VINCE HOLDING CORP. generate in fiscal 2025?

Cash from operations of $3.0M minus capital expenditures of $4.3M left free cash flow of -$1.3M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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