Holley Inc. (HLLY) Form 10-Q — Aug 5, 2026

$HLLYForm 10-QFiled Aug 5, 2026, 7:39 AM ET0001822928-26-000068Original filing

Holley Inc. filed its Q2 2026 10-Q reporting net sales of $172.0 million, up 3.2% year over year, but the company swung to a GAAP net loss of $2.4 million (-$0.02 per diluted share) from net income of $10.9 million a year ago. The loss was driven by a $28.3 million loss on the sale of the ADS, Speartech, and Drake Brands under Holley's portfolio rebalance initiative; operating income fell 89.9% to $2.8 million and gross margin slipped to 41.0% from 41.7% on tariff-related costs and fixed-cost deleverage.

Key figures

Eps: -$0.02 diluted (Q2 2026) vs $0.09 prior year; $0.04 (26 weeks) vs $0.11
Revenue: $172.0 million (Q2 2026); $319.3 million (26 weeks 2026)
Net Income: -$2.4 million (Q2 2026) vs $10.9 million prior year; $4.8 million (26 weeks) vs $13.7 million
Total Debt: $527.7 million outstanding under Credit Agreement; $526.8 million carrying value
Debt Amount: $527.7 million first lien term loan
Revenue Yoy: +3.2% (Q2); -0.1% (26 weeks)
Cash Position: $69.0 million (June 28, 2026) vs $37.2 million (December 31, 2025)
Interest Rate: 7.5% weighted average on credit facility borrowings
Maturity Date: November 17, 2028 (first lien term loan)
Shares Outstanding: 121234143
Gross margin: 41.0% (Q2 2026) vs 41.7% (Q2 2025)
Tariff refund: $11.1 million received following Supreme Court IEEPA ruling
Free cash flow: $34.6 million (26 weeks 2026) vs $24.8 million prior year
Adjusted ebitda: $33.8 million (Q2 2026), 19.6% margin, vs $36.4 million, 21.9% margin
Hrx acquisition: net assets acquired $5.3 million; goodwill $2.7 million; assumed ~$2.2 million debt; ~$2.1 million deferred purchase price
Interest expense: $8.2 million (Q2 2026), down 38.7% YoY
Operating income: $2.8 million (Q2 2026), down 89.9% YoY
Share repurchase: $2.0 million used (707,113 shares); $23.0 million remaining of $25.0 million authorization
Warrants expired: 14,666,644 warrants at $11.50 strike expired July 16, 2026 with none exercised
Effective tax rate: 33.1% (Q2 2026)
Adjusted diluted eps: $0.20 (Q2 2026) vs $0.09 (Q2 2025)
Revolver availability: $97.5 million available under $100.0 million revolver; $2.5 million letters of credit outstanding
Loss on sale of assets: $28.3 million (Q2 2026) on ADS, Speartech, and Drake Brands divestitures
July term loan repayment: $15.0 million repaid July 13, 2026

Price after filing

1 day: 0.0%7 days: +12.0%30 days: +9.5%

Close on the filing date to close N calendar days later (from $2.83). Historical, not a forecast.

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