Duluth Holdings Inc. (DLTH) Financial Statements
Industry: Apparel & Accessory Stores (Retail)
In fiscal 2026, Duluth reported revenue of $565.2M, down 9.8% from $626.6M the year before. Net income was -$16.4M (a -2.9% net margin), or -$0.47 per diluted share. Gross margin was 53.4% and operating margin was -1.8%. Operating activities generated $24.2M of cash, leaving $16.6M of free cash flow. At fiscal year end, Duluth held $402.6M in total assets against $236.5M in total liabilities, including $16.3M of cash and equivalents.
Open the full interactive Duluth financials → Quarterly statements, key ratios, valuation history and price charts.
Duluth Key Stats
| Share Price | $3.96 |
|---|---|
| Market Cap | $144.1M |
| Revenue YoY Growth | -9.8% |
| 52-Week Range | $2.07 – $4.77 |
| Shares Outstanding | 35.3 million (basic, 2027 Q2) |
Duluth Income Statement
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | |
|---|---|---|---|---|---|---|
| Revenue | $638.8M | $698.6M | $653.3M | $646.7M | $626.6M | $565.2M |
| Cost of Goods Sold | $307.3M | $321.3M | $309.9M | $321.7M | $318.1M | $263.6M |
| Gross Profit | $331.5M | $377.3M | $343.4M | $325.0M | $308.5M | $301.6M |
| Operating Income | $24.2M | $44.1M | $6.2M | -$8.8M | -$36.9M | -$10.2M |
| Pre-Tax Income | $18.0M | $39.4M | $3.0M | -$12.1M | -$41.2M | -$15.2M |
| Income Tax | $4.6M | $9.9M | $708,000 | -$2.7M | $2.4M | $1.2M |
| Net Income | $13.6M | $29.7M | $2.3M | -$9.4M | -$43.7M | -$16.4M |
| Diluted EPS | $0.42 | $0.90 | $0.07 | -$0.28 | -$1.31 | -$0.47 |
Duluth Quarterly Results
| 2026 Q3 | 2026 Q4 | 2027 Q1 | 2027 Q2 | |
|---|---|---|---|---|
| Revenue | $114.9M | $215.9M | $98.6M | $121.4M |
| Net Income | -$10.1M | $7.7M | -$10.1M | $18.4M |
| Diluted EPS | -$0.29 | $0.22 | -$0.29 | $0.50 |
Duluth Balance Sheet
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $47.2M | $77.1M | $45.5M | $32.2M | $3.3M | $16.3M |
| Current Assets | $210.3M | $222.5M | $225.9M | $181.0M | $191.6M | $172.1M |
| Total Assets | $515.6M | $515.5M | $527.5M | $490.5M | $452.4M | $402.6M |
| Current Liabilities | $95.7M | $116.0M | $118.3M | $102.4M | $128.6M | $108.2M |
| Total Long-Term Debt | $76.1M | $27.3M | $26.7M | $26.0M | $25.2M | $24.4M |
| Total Liabilities | $324.5M | $292.8M | $300.3M | $268.3M | $272.8M | $236.5M |
| Shareholders' Equity | $193.5M | $225.9M | $230.4M | $225.2M | $182.7M | $169.0M |
Duluth Cash Flow Statement
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $50.8M | $92.0M | -$5.6M | $38.7M | -$16.9M | $24.2M |
| Cash From Investing | -$12.1M | -$10.2M | -$22.6M | -$48.7M | -$8.1M | -$7.4M |
| Cash From Financing | $6.4M | -$51.4M | -$3.2M | -$3.3M | -$3.8M | -$3.8M |
| Free Cash Flow | $39.0M | $81.6M | -$28.5M | -$10.4M | -$25.2M | $16.6M |
Figures from Duluth'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 Duluth financials page for every line item.
Duluth Company Profile
| Ticker | DLTH |
|---|---|
| Exchange | Nasdaq |
| Industry | Apparel & Accessory Stores (Retail) |
| Headquarters | Mount Horeb, Wisconsin |
| Fiscal Year End | February 1 |
| SEC Filer Category | Non-accelerated filer, smaller reporting company |
| SEC CIK | 0001649744 |
Frequently Asked Questions
What was Duluth's revenue in fiscal 2026?
Duluth (DLTH) reported revenue of $565.2M for fiscal 2026.
What is Duluth's annual revenue history?
Duluth's annual revenue by fiscal year: 2021: $638.8M; 2022: $698.6M; 2023: $653.3M; 2024: $646.7M; 2025: $626.6M; 2026: $565.2M.
What was Duluth's net income in fiscal 2026?
Duluth reported net income of -$16.4M for fiscal 2026.
What was Duluth's earnings per share (EPS) in fiscal 2026?
Duluth's diluted EPS was -$0.47 for fiscal 2026 (adjusted for any later stock splits).
How much free cash flow did Duluth generate in fiscal 2026?
Duluth generated $16.6M of free cash flow in fiscal 2026.
What was Duluth's revenue last quarter?
In its most recent reported quarter (2027 Q2), Duluth reported revenue of $121.4M.
How much debt does Duluth have?
Duluth reported $24.4M of long-term debt, including the current portion, at the end of fiscal 2026.
How many shares of Duluth are outstanding?
Duluth reported a weighted average of 35.3 million basic shares outstanding in 2027 Q2.
What is Duluth's market cap?
Based on its latest closing price, Duluth (DLTH) has a market capitalization of about $144.1M.
When does Duluth's fiscal year end?
Duluth's fiscal year end, as registered with the SEC, is February 1.
Where is Duluth headquartered?
Duluth lists its business address in Mount Horeb, Wisconsin in its SEC filings.