VINCE HOLDING CORP. VNCE
We are a global retail company that operates the Vince brand women's and men's ready to wear business. Previously, the Company also owned and operated the Rebecca Taylor and Parker brands until the sale of the respective intellectual property was completed, as discussed below under "Recent Developments". We serve our customers through a variety of channels that reinforce the brand images.
We have a select number of wholesale partners who account for a significant portion of our net sales. In fiscal 2025 and fiscal 2024, sales to one wholesale partner, Nordstrom Inc., accounted for more than ten percent of the Company's net sales. These sales represented 26% of both fiscal 2025 and fiscal 2024 net sales.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $300.0M | $293.5M | $292.9M | $357.4M | $322.7M | $219.9M | $375.2M | $361.7M | $272.6M | $268.2M |
| Cost of revenue | $150.9M | $148.3M | $159.6M | $219.5M | $176.1M | $131.3M | $196.8M | $192.3M | $150.8M | $145.4M |
| Gross profit | $149.1M | $145.2M | $133.3M | $138.0M | $146.6M | $88.6M | $178.4M | $169.4M | $121.8M | $122.8M |
| SG&A | $139.9M | $138.0M | $134.5M | $161.4M | $146.1M | $122.8M | $178.5M | $164.0M | $140.1M | $134.4M |
| Operating income | $9.2M | -$17.2M | $31.6M | -$25.4M | $483.0K | -$61.1M | -$20.4M | $5.4M | -$18.3M | -$64.7M |
| Interest expense | $3.4M | $6.6M | $11.1M | $9.9M | $8.6M | $5.0M | $5.0M | $6.9M | $5.5M | $3.9M |
| Pre-tax income | $7.4M | -$23.4M | $20.5M | -$35.3M | -$8.1M | -$63.8M | $30.5M | -$1.8M | $58.0M | -$68.9M |
| Income tax | $2.6M | $3.6M | $3.5M | $3.0M | $4.6M | $1.9M | $98.0K | $156.0K | $572.0K | $93.7M |
| Net income | $6.4M | -$19.0M | $25.43B | -$38.3M | -$12.7M | -$65.6M | $30.4M | -$2.0M | $58.6M | -$162.7M |
| EPS, basic | 0.49 | -1.51 | 2.05 | -3.14 | -1.07 | -5.58 | 2.60 | -0.17 | 7.70 | -35.04 |
| EPS, diluted | 0.49 | -1.51 | 2.04 | -3.14 | -1.07 | -5.58 | 2.55 | -0.17 | 7.70 | -35.04 |
| Shares, diluted (wtd. avg.) | $13.1M | $12.6M | $12.5M | $12.2M | $11.9M | $11.8M | $11.8M | $11.6M | $7.6M | $4.6M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $498.0K | $607.0K | $357.0K | $1.1M | $1.1M | $3.8M | $466.0K | $209.0K | $5.4M | $21.0M |
| Receivables | $30.5M | $32.9M | $20.7M | $20.7M | $29.9M | $31.9M | $40.7M | $38.0M | $20.8M | $10.3M |
| Inventory | $66.2M | $59.1M | $58.8M | $90.0M | $78.6M | $68.2M | $66.4M | $71.6M | $48.9M | $38.5M |
| Total current assets | $101.0M | $96.6M | $84.8M | $115.3M | $115.4M | $110.6M | $114.2M | $119.5M | $81.6M | $74.6M |
| Property, plant and equipment | $7.9M | $7.4M | $7.0M | $10.5M | $17.1M | $17.7M | $25.3M | $29.3M | $31.6M | $42.9M |
| Goodwill | $0 | $0 | $32.0M | $32.0M | $32.0M | $32.0M | $41.4M | $43.6M | $41.4M | $41.4M |
| Other intangibles | — | — | — | $70.1M | $75.8M | $76.5M | $81.5M | $100.5M | $77.1M | $77.7M |
| Total assets | $225.0M | $222.7M | $225.1M | $303.3M | $337.2M | $332.9M | $362.3M | $297.0M | $234.5M | $239.5M |
| Accounts payable | $25.9M | $35.1M | $31.7M | $49.4M | $46.7M | $40.2M | $43.1M | $40.3M | $22.6M | $37.0M |
| Short-term debt | — | — | — | $3.5M | $2.6M | — | $2.8M | $2.8M | $8.0M | — |
| Total current liabilities | $67.9M | $73.5M | $61.4M | $93.1M | $91.5M | $82.2M | $90.3M | $79.2M | $45.2M | $50.4M |
| Long-term debt | $19.5M | $19.2M | $44.0M | $108.1M | $88.9M | $84.5M | $48.7M | $42.3M | $40.7M | $48.3M |
| Retained earnings | -$1.11B | -$1.12B | -$1.10B | -$1.12B | -$1.08B | -$1.07B | -$1.01B | -$1.04B | -$1.04B | -$1.10B |
| Total equity | $50.1M | $41.8M | $47.2M | $20.3M | $55.8M | $66.2M | $130.8M | $99.2M | $99.9M | -$14.0M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $3.0M | $22.1M | $1.6M | -$19.3M | -$221.0K | -$25.1M | $16.8M | $2.6M | -$40.4M | -$29.7M |
| Depreciation and amortisation | $2.9M | $4.0M | $4.9M | $8.3M | $6.5M | $6.9M | $9.6M | $11.3M | $10.1M | $8.7M |
| Stock-based compensation | $426.0K | $1.6M | $1.5M | $2.1M | $2.1M | $1.3M | $2.0M | $1.3M | $1.1M | $1.3M |
| Capital expenditure | $4.3M | $4.2M | $1.5M | $2.8M | $5.1M | $3.5M | $4.5M | $3.7M | $3.4M | $14.3M |
| Investing cash flow | -$4.3M | -$4.2M | $75.5M | $1.5M | -$5.1M | -$3.5M | -$4.5M | -$3.7M | -$3.4M | -$14.3M |
| Financing cash flow | $1.2M | -$18.4M | -$77.1M | $17.8M | $2.5M | $31.8M | -$12.0M | -$4.7M | $28.2M | $58.7M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-158986.
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