E.l.f. Beauty announced its financial results for the three- and twelve-month periods ended March 31, 2026.

Tarang Amin, e.l.f. Beauty’s Chairman and Chief Executive Officer commented,

“Fiscal 26 marked our 7th consecutive year of net sales and market share growth—a track record that reflects the strength of our team, strategy and portfolio of brands. All five of our brands grew this year, with rhode and Naturium delivering particularly strong results and reinforcing the power of our expanding brand portfolio. The whitespace opportunity in front of us across brands, categories, and geographies gives us great confidence in the runway ahead.”

Three-Month Results

Net sales increased 35% to $449.3 million, driven by growth in retailer and e-commerce channels, in the U.S. and internationally.

Net loss was $49.4 million on a GAAP basis, and Adjusted net income was $19.4 million.

E.l.f. Beauty recorded a fair value adjustment of $57.6 million for the fiscal year ended March 31, 2026, driven by the outperformance of rhode’s revenue results relative to the earnout thresholds outlined in the merger agreement entered into in connection with the rhode Acquisition.

Twelve-Month Results

Net sales increased 25% to $1,636.5 million, mostly driven by growth in both retailer and e-commerce channels, in the U.S. and internationally.

Net income was $26.3 million on a GAAP basis, and Adjusted net income was $185.9 million.

In relation to the rhode acquisition, e.l.f. Beauty recorded a fair value adjustment of $57.6 million for the fiscal year ended March 31, 2026. This was driven by rhode’s revenue performance relative to the earnout thresholds outlined in the merger agreement.

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