a.k.a. Brands Holding Corp. reported its financial results for the third quarter of 2025, revealing a net loss of $4.96 million, or $0.46 per share, compared to a net loss of $5.44 million, or $0.51 per share, in the same period last year. The company generated net sales of $147.08 million, a decrease of 2% from $149.90 million in the prior year. For the nine months ending September 30, 2025, net sales increased by 5% to $436.26 million, up from $415.67 million in 2024. The gross profit for the quarter was $86.98 million, resulting in a gross margin of 59%, an increase from 58% in the previous year.
The company’s operating expenses for the third quarter totaled $88.41 million, slightly down from $88.99 million in the same quarter of 2024. Selling expenses rose to $43.22 million, driven by the opening of additional stores, while marketing expenses decreased to $18.50 million. General and administrative expenses also saw a decline to $26.69 million, attributed to reduced non-routine legal expenses and other cost-saving measures. Despite the overall decrease in sales, the company managed to improve its gross margin due to a higher mix of retail sales and less promotional activity.
In terms of operational metrics, a.k.a. Brands reported an active customer count of 4.07 million, up from 4.05 million in the previous year. The average order value decreased slightly to $78 from $81, while the number of orders processed increased by 2% to 1.88 million. The company continues to focus on expanding its market presence, particularly in Australia and New Zealand, which contributed to the growth in order volume.
The company’s balance sheet as of September 30, 2025, showed total assets of $411.33 million, up from $385.20 million at the end of 2024. Total liabilities increased to $301.22 million, compared to $267.57 million at the end of the previous year. The company’s cash and cash equivalents stood at $23.43 million, down from $24.19 million at the end of 2024. Notably, a.k.a. Brands has been actively managing its debt, with total long-term debt at $103.60 million, a slight decrease from $105.41 million at the end of 2024.
Looking ahead, a.k.a. Brands remains cautious about the macroeconomic environment, including inflationary pressures and changing consumer preferences. The company is focused on enhancing its operational efficiencies and expanding its brand portfolio to drive future growth. Management has indicated that they will continue to invest in marketing and customer acquisition strategies to bolster brand awareness and retention. The company is also evaluating its supply chain strategies in response to ongoing geopolitical tensions and tariff impacts, particularly concerning its sourcing from China.
About A.K.A. BRANDS HOLDING CORP.
a.k.a. Brands Holding Corp. is a fashion company focused on the next generation of consumers, offering a portfolio of innovative brands like Princess Polly and Culture Kings. With a strong online presence and a data-driven merchandising model, it targets young shoppers seeking trendy, affordable apparel. The company is expanding its omnichannel reach through new store openings and partnerships with major retailers, aiming for sustainable growth in the $2 trillion global apparel market.
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