LCUT LIFETIME BRANDS, INC

Overview and Growth

LIFETIME BRANDS, INC generated $647.93M of revenue in fiscal 2025, with net loss of $26.94M and an operating cash inflow of $7.61M. Revenue of $647.93M sets the scale for evaluating how effectively sales translated into profit and cash during the year. Compared with $682.95M in fiscal 2024, revenue decreased 5.1%, a top-line contraction that reduced operating scale. The company reported diluted EPS of -$1.24, adding a shareholder-level measure to the absolute income figures considered below. Total assets stood at $572.55M, showing the scale of resources supporting revenue, earnings, liquidity, and financing. Asset turnover was 1.13x, relating the company’s annual revenue directly to the total assets reported at the period end.

Profitability

The first profit layer was $240.69M of gross profit, the amount available after reported direct revenue costs to absorb operating expenses. Gross margin was 37.1%, so that share of each revenue unit remained after the cost of revenue reported for the period. The company recorded an operating loss of $9.44M after the reported operating expense base. The operating loss equaled 1.5% of revenue, showing the scale of the operating deficit relative to sales. The company ended the period with a net loss of $26.94M, extending the operating result through all remaining items. Net margin was -4.2%, reflecting a loss equal to 4.2% of reported revenue. The reported tax benefit was $3.28M, favorably bridging the pretax and after-tax results. The net loss equaled 13.3% of period-end equity, showing the deficit relative to book capital. The net loss equaled 4.7% of period-end assets, showing the deficit relative to the asset base.

Liquidity and Capital Structure

At period end, the $572.55M asset base was financed through $370.28M of liabilities and $202.28M of equity. At period end, current assets of $373.89M compared with current liabilities of $131.30M, defining the company’s short-term resource position. The current ratio was 2.85x, with current assets exceeding current liabilities and providing a short-term liquidity cushion. The company held $4.27M in cash and equivalents, a narrower liquidity measure than total current assets. Measured only with cash and equivalents, coverage of current liabilities was 3.2%, excluding receivables and other current assets. Borrowings totaled $140.02M, adding a fixed financing obligation alongside the company’s equity capital. Against book equity, debt measured 0.69x, placing the company’s financial leverage in clear balance-sheet terms. The debt-to-assets relationship was 24.5%, comparing borrowing with the total asset balance. Liabilities represented 64.7% of total assets, quantifying the liability-funded share of the company’s resource base. Cash and equivalents equaled 0.7% of total assets, showing the liquid cash component within the company’s broader resource base. Compared with $634.31M in fiscal 2024, the current asset base moved 9.7% and finished lower. Reported equity changed 12.0% from $229.92M in fiscal 2024, placing the current capital base lower year over year. Cash and equivalents were 45.7% higher than fiscal 2024 cash of $2.93M, showing the year-over-year change in liquid resources.

Cash Flow and Earnings Quality

Operating activities produced a cash inflow of $7.61M, giving the cash-flow counterpart to the accrual-based profit measures reported for the year. Capital spending was $4.35M, absorbing part of the cash generated from operations before free cash flow. Relative to operating cash flow, capital expenditures measured 57.2%, connecting investment intensity with the company’s cash-generation base. The combination of operating cash flow and capital spending produced $3.25M of positive free cash flow for the period. Free cash flow represented 0.5% of revenue, linking post-investment cash generation with the company’s operating scale. Free cash flow equaled 0.6% of total assets, relating post-investment cash generation to the company’s resource base.

Based on the annual report for the fiscal year ending Dec 31, 2025. Analysis generated Oct 21, 2026.