Traeger, Inc. (COOK)
Traeger, Inc., and its associated entities, specializes in the development, manufacturing, distribution, and ongoing support of wood-fired pellet grills. These unique outdoor cooking appliances are sold across the United States through various channels, including retailers, distributors, and directly to consumers. A key innovation of Traeger's grills is their integration as smart, internet-connected devices. This technology allows owners to remotely program, monitor, and manage their grilling process via a dedicated mobile application. Beyond the hardware, Traeger enhances the user experience with a comprehensive digital content library. This includes instructional recipes and video guides that offer tips, tricks, and cooking techniques, empowering owners to elevate their culinary abilities. The company also fosters its "Traegerhood" community by producing engaging short- and long-form branded content that shares stories, spotlights community members, and showcases the Traeger lifestyle. To complement its grills, Traeger provides a wide array of related products. These consist of the essential wood pellets used to fuel the grills, various rubs, sauces, seasonings, and marinades for flavor enhancement. Additionally, they offer a range of accessories such as grill covers, drip trays, bucket liners, and shelves. Tools designed to assist with meal preparation, cooking, and cleanup are also available, including pellet storage solutions, cleaning supplies, general barbecue tools, and the MEATER smart thermometer. Customers can also purchase replacement parts, branded apparel, and other merchandise. The company was established in 2017 and is headquartered in Salt Lake City, Utah.
Sector: Household Appliances
Industry: Furnishings, Fixtures & Appliances
Traeger, Inc.
Nasdaq bars a compliance period at 1:250
- 1:50Reverse splitMar 18, 202650 shares → 1
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Revenue | $559.52M | $604.07M | $605.88M | $655.9M | $785.54M | $545.77M | $363.32M |
| YoY Growth | -7.4% | -0.3% | -7.6% | -16.5% | 43.9% | 50.2% | - |
| Cost of Revenue | $381.23M | $348.6M | $382.32M | $427.13M | $484.78M | $310.96M | $207.54M |
| Gross Profit | $178.29M | $255.47M | $223.56M | $228.77M | $300.76M | $234.81M | $155.78M |
| Gross Margin | 31.9% | 42.3% | 36.9% | 34.9% | 38.3% | 43.0% | 42.9% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $185.25M | $223.14M | $238.53M | $297.51M | $323.74M | $143.93M | $112.22M |
| Other | -$5.8M | $35.27M | $40.48M | $277.2M | $38.18M | $32.53M | $33.1M |
| Total Operating Expenses | $179.45M | $258.41M | $279M | $574.71M | $361.91M | $176.47M | $145.32M |
| Operating Income (EBIT) | -$1.16M | -$2.94M | -$55.45M | -$345.94M | -$61.15M | $58.35M | $10.46M |
| Operating Margin | -0.2% | -0.5% | -9.2% | -52.7% | -7.8% | 10.7% | 2.9% |
| Interest Expense | $31.35M | $33.5M | $31.27M | $27.89M | $26.65M | $34.07M | $39.46M |
| Interest Income | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Income (Expense) | -$118.16M | -$33.02M | -$26.97M | -$35.01M | -$29.13M | -$26.55M | -$39.92M |
| Income Before Tax (EBT) | -$119.32M | -$35.96M | -$82.42M | -$380.95M | -$90.28M | $31.8M | -$29.47M |
| Income Tax Expense | -$4.14M | -$1.96M | $1.99M | $1.19M | $1.49M | $749K | $124K |
| Net Income | -$115.18M | -$34.01M | -$84.4M | -$382.14M | -$91.77M | $31.05M | -$29.59M |
| Net Income Margin | -20.6% | -5.6% | -13.9% | -58.3% | -11.7% | 5.7% | -8.1% |
| Supplementary Data | |||||||
| EPS | -43.50 | -13.50 | -34.00 | -159.50 | -39.50 | 13.00 | -12.50 |
| Diluted EPS | -43.50 | -13.50 | -34.00 | -159.50 | -39.50 | 13.00 | -12.50 |
| Weighted Average OS | 2.66M | 2.55M | 2.47M | 2.39M | 2.25M | 2.35M | 2.35M |
| EBITDA | -$33.84M | $53.86M | $6.64M | -$296.52M | -$16.13M | $106.84M | $49.15M |
| EBITDA Margin | -6.0% | 8.9% | 1.1% | -45.2% | -2.1% | 19.6% | 13.5% |
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Assets | |||||||
| Current Assets | |||||||
| Cash and Cash Equivalents | $19.62M | $14.98M | $29.92M | $39.05M | $16.74M | $11.56M | $7.08M |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $19.62M | $14.98M | $29.92M | $39.05M | $16.74M | $11.56M | $7.08M |
| Accounts Receivable | $82.12M | $85.33M | $59.94M | $42.05M | $92.93M | $64.84M | $34.67M |
| Inventory | $98.83M | $107.37M | $96.17M | $153.47M | $141.54M | $68.83M | $39.3M |
| Other Current Assets | $14.27M | $35.44M | $30.35M | $39.66M | $0 | $6.26M | $711K |
| Total Current Assets | $214.85M | $243.12M | $216.38M | $274.24M | $266.24M | $159.01M | $84.43M |
| Long-Term Assets | |||||||
| Property, Plant & Equipment Net | $71.9M | $81.32M | $90.78M | $69.36M | $55.48M | $32.4M | $21.77M |
| Goodwill | $0 | $74.72M | $74.72M | $74.72M | $297.05M | $256.84M | $251.17M |
| Intangible Assets | $387.05M | $428.54M | $470.55M | $512.86M | $555.15M | $539.84M | $567.09M |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $2.17M | $2.97M | $8.33M | $15.53M | $3.61M | $1.49M | $383K |
| Total Long-Term Assets | $461.13M | $587.55M | $644.38M | $672.48M | $911.28M | $830.57M | $840.42M |
| Other Assets | -$1K | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $675.98M | $830.68M | $860.76M | $946.72M | $1.18B | $989.58M | $924.85M |
| Liabilities | |||||||
| Current Liabilities | |||||||
| Accounts Payable | $14.13M | $27.7M | $33.28M | $29.84M | $42.69M | $21.67M | $17.39M |
| Short-Term Debt | $250K | $5.25M | $28.65M | $11.96M | $41.14M | $3.41M | $3.41M |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $13.24M | $11.84M | $22.43M | $18.13M | $19.64M | $6.73M | $4.8M |
| Total Current Liabilities | $80.08M | $122.24M | $133.97M | $112.91M | $166.22M | $80.07M | $49.16M |
| Long-Term Liabilities | |||||||
| Long-Term Debt | $399.59M | $398.44M | $397.3M | $468.11M | $379.39M | $433.61M | $443.93M |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $1.86M | $6.38M | $8.24M | $10.37M | $11.67M | $0 | $0 |
| Other Long-Term Liabilities | $552K | $539K | $759K | $11.46M | $14.21M | $327K | $311K |
| Total Long-Term Liabilities | $425.04M | $432.01M | $435.44M | $498.94M | $405.28M | $434.47M | $444.8M |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $505.13M | $554.25M | $569.41M | $611.85M | $571.5M | $514.54M | $493.97M |
| Stockholders' Equity | |||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $14K | $13K | $13K | $12K | $12K | $571.04M | $558.48M |
| Retained Earnings | -$804.07M | -$688.88M | -$654.88M | -$570.48M | -$188.32M | -$96M | -$127.6M |
| Comprehensive Income & Other | $528K | $4.34M | $10.94M | $23.26M | -$86K | $0 | $0 |
| Other Stockholders' Equity | $974.9M | $965.3M | $946.21M | $905.33M | $794.33M | $0 | $0 |
| Total Equity | $170.85M | $276.43M | $291.35M | $334.87M | $606.02M | $475.04M | $430.88M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $675.98M | $830.68M | $860.76M | $946.72M | $1.18B | $989.58M | $924.85M |
| Supplementary Data | |||||||
| Total Debt | $425.53M | $434.13M | $458.7M | $494.25M | $420.53M | $437.84M | $448.22M |
| Net Debt | $405.91M | $419.15M | $428.78M | $455.2M | $403.79M | $426.29M | $441.14M |
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Operating Activities | |||||||
| Net Income | -$115.18M | -$34.01M | -$84.4M | -$382.14M | -$91.77M | $31.05M | -$29.59M |
| Depreciation & Amortization | $54.13M | $56.33M | $57.78M | $56.55M | $47.5M | $40.97M | $39.16M |
| Deferred Income Tax | $0 | $0 | -$2.13M | -$1.3M | -$939K | $0 | $0 |
| Stock-Based Compensation | $15.25M | $27.9M | $53.2M | $87.7M | $81.11M | $12.81M | $2.35M |
| Changes in Working Capital: | |||||||
| Accounts Receivable | $3.15M | -$25.4M | -$17.73M | $51.05M | -$26.36M | -$30.17M | -$8.49M |
| Inventory | $8.54M | -$11.19M | $57.3M | -$11.93M | -$67.83M | -$28.98M | -$4.95M |
| Accounts Payable | $0 | $0 | $0 | $0 | $0 | $28.35M | $17.05M |
| Other Working Capital | -$20.71M | $19.56M | -$2.39M | -$31.61M | $12.79M | -$4.29M | $78K |
| Total Working Capital Change | -$9.02M | -$17.03M | $37.17M | $7.51M | -$81.4M | -$35.09M | $3.69M |
| Other Non-Cash Items | $75.33M | -$9.3M | $2.43M | $236.79M | $17.07M | -$3.14M | $2.88M |
| Net Cash from Operating | $20.52M | $23.89M | $64.04M | $5.09M | -$28.43M | $46.6M | $18.49M |
| Investing Activities | |||||||
| Capital Expenditures | -$6.93M | -$12M | -$19.95M | -$18.4M | -$22.48M | -$14.13M | -$7.5M |
| Acquisitions | $0 | $0 | $0 | $0 | -$56.85M | -$12.72M | -$1.14M |
| Purchases of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | -$398K | -$335K | $2.57M | -$506K | -$563K | -$490K | -$355K |
| Net Cash from Investing | -$7.33M | -$12.33M | -$17.38M | -$18.9M | -$79.9M | -$27.34M | -$9M |
| Financing Activities | |||||||
| Debt Repaid | $793K | $771K | $764K | -$24.37M | $70.3M | $3.72M | $3.68M |
| Common Stock Issuance | $0 | $0 | $0 | $0 | $142.27M | $0 | $0 |
| Common Stock Repurchases | $0 | $0 | $0 | -$41K | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | -$250K | $0 |
| Other Financing Activities | -$2.75M | -$2.33M | -$12.22M | -$9.28M | -$8.6M | -$810K | $0 |
| Net Cash from Financing | -$8.54M | -$26.5M | -$68.3M | $48.63M | $113.51M | -$14.78M | -$9.26M |
| Forex Effect | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | $4.64M | -$14.94M | -$21.63M | $34.81M | $5.18M | $4.48M | $229K |
| Supplementary Data | |||||||
| Operating Cash Flow | $20.52M | $23.89M | $64.04M | $5.09M | -$28.43M | $46.6M | $18.49M |
| Capital Expenditure | -$7.44M | -$12.44M | -$20.41M | -$18.9M | -$23.04M | -$14.64M | -$8M |
| Free Cash Flow | $13.08M | $11.44M | $43.64M | -$13.81M | -$51.47M | $31.96M | $10.48M |
| Cash at Beginning | $14.98M | $29.92M | $51.55M | $16.74M | $11.56M | $7.08M | $6.85M |
| Cash at End | $19.62M | $14.98M | $29.92M | $51.55M | $16.74M | $11.56M | $7.08M |