Culp Inc (CULP) Financial Statements
Industry: Broadwoven Fabric Mills, Cotton
In fiscal 2026, Culp reported revenue of $203.5M, down 4.6% from $213.2M the year before. Net income was -$10.2M (a -5.0% net margin), or -$0.81 per diluted share. Gross margin was 12.4% and operating margin was -3.5%. Operating activities generated -$9.4M of cash, leaving -$10.0M of free cash flow. At fiscal year end, Culp held $112.0M in total assets against $63.8M in total liabilities, including $8.3M of cash and equivalents.
Open the full interactive Culp financials → Quarterly statements, key ratios, valuation history and price charts.
Culp Key Stats
| Share Price | $3.89 |
|---|---|
| Market Cap | $49.9M |
| Revenue YoY Growth | -4.6% |
| 52-Week Range | $2.71 – $4.26 |
| Shares Outstanding | 12.7 million (basic, 2027 Q1) |
Culp Income Statement
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | |
|---|---|---|---|---|---|---|
| Revenue | $299.7M | $294.8M | $234.9M | $225.3M | $213.2M | $203.5M |
| Cost of Goods Sold | $249.9M | $258.7M | $224.0M | $197.4M | $188.2M | $178.3M |
| Gross Profit | $49.8M | $36.1M | $10.9M | $27.9M | $25.1M | $25.2M |
| Operating Income | $12.1M | $678,000 | -$28.5M | -$11.3M | -$18.4M | -$7.2M |
| Pre-Tax Income | $10.9M | -$325,000 | -$28.4M | -$10.8M | -$18.7M | -$8.3M |
| Income Tax | $7.7M | $2.9M | $3.1M | $3.0M | $392,000 | $1.9M |
| Net Income | $3.2M | -$3.2M | -$31.5M | -$13.8M | -$19.1M | -$10.2M |
| Diluted EPS | $0.26 | -$0.26 | -$2.57 | -$1.11 | -$1.53 | -$0.81 |
Culp Quarterly Results
| 2026 Q2 | 2026 Q3 | 2026 Q4 | 2027 Q1 | |
|---|---|---|---|---|
| Revenue | $53.2M | $48.0M | $51.6M | $54.0M |
| Net Income | -$4.3M | -$3.4M | -$2.2M | $6.0M |
| Diluted EPS | -$0.34 | -$0.27 | -$0.18 | $0.47 |
Culp Balance Sheet
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $37.0M | $14.6M | $21.0M | $10.0M | $5.6M | $8.3M |
| Current Assets | $143.2M | $107.2M | $95.5M | $80.9M | $83.5M | $80.7M |
| Total Assets | $214.1M | $177.6M | $152.2M | $132.1M | $123.4M | $112.0M |
| Current Liabilities | $61.2M | $32.6M | $44.0M | $38.1M | $47.0M | $45.0M |
| Total Long-Term Debt | — | — | — | — | $12.7M | $19.1M |
| Total Liabilities | $85.1M | $58.1M | $63.1M | $55.9M | $65.7M | $63.8M |
| Shareholders' Equity | $129.0M | $119.5M | $89.1M | $76.1M | $57.6M | $48.1M |
Culp Cash Flow Statement
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $21.5M | -$17.4M | $7.8M | -$8.2M | -$17.6M | -$9.4M |
| Cash From Investing | -$10.7M | $2.5M | -$752,000 | -$2.4M | $598,000 | $6.4M |
| Cash From Financing | -$43.7M | -$7.4M | -$436,000 | -$126,000 | $12.7M | $5.5M |
| Free Cash Flow | $14.8M | -$23.1M | $5.7M | -$11.9M | -$20.6M | -$10.0M |
| Dividends Paid | $5.3M | $5.5M | — | — | — | — |
Figures from Culp's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Culp financials page for every line item.
Culp Company Profile
| Ticker | CULP |
|---|---|
| Exchange | Nasdaq |
| Industry | Broadwoven Fabric Mills, Cotton |
| Headquarters | High Point, North Carolina |
| Incorporated in | North Carolina |
| Fiscal Year End | December 31 |
| SEC Filer Category | Non-accelerated filer, smaller reporting company |
| SEC CIK | 0000723603 |
Frequently Asked Questions
What was Culp's revenue in fiscal 2026?
Culp (CULP) reported revenue of $203.5M for fiscal 2026.
What is Culp's annual revenue history?
Culp's annual revenue by fiscal year: 2021: $299.7M; 2022: $294.8M; 2023: $234.9M; 2024: $225.3M; 2025: $213.2M; 2026: $203.5M.
What was Culp's net income in fiscal 2026?
Culp reported net income of -$10.2M for fiscal 2026.
What was Culp's earnings per share (EPS) in fiscal 2026?
Culp's diluted EPS was -$0.81 for fiscal 2026 (adjusted for any later stock splits).
How much free cash flow did Culp generate in fiscal 2026?
Culp generated -$10.0M of free cash flow in fiscal 2026.
What was Culp's revenue last quarter?
In its most recent reported quarter (2027 Q1), Culp reported revenue of $54.0M.
How much debt does Culp have?
Culp reported $19.1M of long-term debt, including the current portion, at the end of fiscal 2026.
How many shares of Culp are outstanding?
Culp reported a weighted average of 12.7 million basic shares outstanding in 2027 Q1.
What is Culp's market cap?
Based on its latest closing price, Culp (CULP) has a market capitalization of about $49.9M.
When does Culp's fiscal year end?
Culp's fiscal year end, as registered with the SEC, is December 31.
Where is Culp headquartered?
Culp lists its business address in High Point, North Carolina in its SEC filings.