Vera Bradley, Inc. VRA
Vera Bradley is a leading designer of women's handbags, luggage and travel items, fashion and home accessories, and unique gifts. Founded in 1982 by friends Barbara Bradley Baekgaard and Patricia R. Miller, the brand is known for its innovative designs, iconic patterns, and brilliant colors that inspire and connect women.
On March 11, 2025, the Company entered into an Interest Purchase Agreement (the "Agreement") to sell one hundred percent (100%) of Creative Genius, Inc., ("Creative Genius") which operates under the name Pura Vida Bracelets. The sale consummated on March 31, 2025. As a result, the operations of Pura Vida have been classified as discontinued operations in the consolidated financial statements in accordance with ASC 205-20, Discontinued Operations. Prior period amounts have been retrospectively adjusted to conform to the current period presentation. Unless otherwise specified, disclosures in these consolidated financial statements reflect continuing operations only. Certain prior period data, primarily related to discontinued operations, have been reclassified in the Consolidated Financial Statements and accompanying notes to conform to the current period presentation.
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 | $269.7M | $318.8M | $383.7M | $500.0M | $540.5M | $468.3M | $495.2M | $416.1M | $454.6M | $485.9M |
| Cost of revenue | $144.6M | $160.0M | $179.7M | $261.0M | $252.5M | $202.8M | $223.4M | $177.5M | $200.6M | $209.9M |
| Gross profit | $125.0M | $158.8M | $204.0M | $238.9M | $287.9M | $265.5M | $271.8M | $238.6M | $254.0M | $276.0M |
| SG&A | $158.1M | $188.5M | $193.2M | $265.0M | $262.0M | $252.6M | $253.4M | $212.0M | $239.8M | $249.2M |
| Operating income | -$31.9M | -$28.8M | $11.6M | -$94.9M | $26.9M | $13.1M | $19.5M | $27.1M | $15.0M | $28.2M |
| Interest expense | $462.0K | $752.0K | $661.0K | $153.0K | $263.0K | $1.2M | $1.1M | $1.1M | $413.0K | $178.0K |
| Pre-tax income | -$32.4M | -$28.0M | $12.3M | -$95.0M | $26.6M | $11.9M | $20.6M | $28.2M | $15.4M | $28.0M |
| Income tax | $303.0K | $5.3M | $3.7M | $15.6M | $6.4M | $1.2M | $5.3M | $7.5M | $8.4M | $8.3M |
| Net income | -$47.8M | -$62.2M | $7.8M | -$59.7M | $17.8M | $8.7M | $16.0M | $20.8M | $7.0M | $19.8M |
| EPS, basic | -1.71 | -2.15 | 0.25 | -1.90 | 0.53 | 0.26 | 0.47 | 0.59 | 0.20 | 0.54 |
| EPS, diluted | -1.71 | -2.15 | 0.25 | -1.90 | 0.52 | 0.26 | 0.47 | 0.59 | 0.19 | 0.53 |
| Shares, diluted (wtd. avg.) | $27.9M | $28.9M | $31.3M | $31.5M | $34.4M | $33.9M | $34.3M | $35.5M | $36.0M | $37.0M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $18.5M | $28.6M | $77.3M | $46.6M | $88.4M | $64.2M | $49.9M | $113.5M | $68.8M | $86.4M |
| Short-term investments | — | — | — | — | $0 | $1.3M | $9.0M | $19.4M | $54.1M | $30.2M |
| Receivables | $17.3M | $13.8M | $17.1M | $22.1M | $20.7M | $27.5M | $24.3M | $15.6M | $15.6M | $23.3M |
| Inventory | $76.0M | $91.4M | $118.3M | $142.3M | $144.9M | $141.4M | $123.6M | $91.6M | $87.8M | $102.3M |
| Total current assets | $119.7M | $164.9M | $226.0M | $226.6M | $279.3M | $259.7M | $218.8M | $252.5M | $242.0M | $255.6M |
| Property, plant and equipment | $46.4M | $52.6M | $54.3M | $58.7M | $59.9M | $64.0M | $73.0M | $78.0M | $86.5M | $101.6M |
| Goodwill | — | — | — | $0 | $44.3M | $44.3M | $44.3M | $0 | — | — |
| Other intangibles | — | $0 | $7.6M | $15.9M | $44.2M | $47.3M | $56.3M | $0 | — | — |
| Total assets | $234.0M | $306.7M | $380.8M | $404.5M | $517.5M | $513.8M | $535.1M | $362.1M | $350.7M | $373.5M |
| Accounts payable | $16.2M | $17.2M | $14.2M | $20.4M | $30.5M | $27.1M | $20.2M | $14.6M | $13.5M | $32.6M |
| Total current liabilities | $50.5M | $58.0M | $58.3M | $67.7M | $78.1M | $77.4M | $87.4M | $43.6M | $40.3M | $62.5M |
| Total liabilities | $102.4M | $127.7M | $120.9M | $142.4M | $159.1M | $169.1M | $201.2M | $67.4M | $65.4M | $89.7M |
| Retained earnings | $172.4M | $220.3M | $282.5M | $274.6M | $334.4M | $316.5M | $307.4M | $292.0M | $270.8M | $263.8M |
| Total equity | $131.6M | $179.0M | $259.9M | $251.4M | $327.4M | $314.9M | $303.8M | $294.7M | $285.3M | $283.8M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$10.0M | -$14.1M | $48.0M | -$13.4M | $39.9M | $20.7M | $20.6M | $43.6M | $42.6M | $65.2M |
| Depreciation and amortisation | $7.8M | $8.5M | $8.0M | $8.9M | $9.3M | $13.5M | $18.4M | $16.5M | $19.6M | $19.5M |
| Stock-based compensation | $870.0K | $3.7M | $2.9M | $3.2M | $4.9M | $5.7M | $5.9M | $4.9M | $3.1M | $4.0M |
| Capital expenditure | $3.3M | $10.4M | $3.8M | $8.2M | $5.5M | $5.7M | $13.3M | $8.1M | $11.8M | $20.8M |
| Investing cash flow | -$1.5M | -$10.4M | -$13.8M | -$8.2M | -$4.2M | $17.7M | -$70.0M | $18.0M | -$51.6M | -$50.8M |
| Financing cash flow | -$233.0K | -$22.5M | -$3.5M | -$20.1M | -$11.4M | -$24.1M | -$14.3M | -$16.8M | -$8.6M | -$25.7M |
| Buybacks | $0 | $21.8M | $2.2M | $18.1M | $7.7M | $3.1M | $11.3M | $16.1M | $7.9M | $25.0M |
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 0001193125-26-176477.
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