The stock may face downward pressure due to the significant decline in profitability despite stable revenue. The lowered 2026 guidance suggests ongoing margin pressure from increased investments. Traders should monitor whether the company can control SGA expenses while growing revenue in the Professional and DTC channels.
Price Chart
Executive Summary
OLAPLEX reported flat revenue growth of 0.1% for fiscal year 2025, with a significant shift from a $19.5 million profit in 2024 to a $9.3 million loss in 2025. Despite a 4.3% increase in Q4 sales and improved gross margins, the company's profitability deteriorated due to a 33.8% increase in SGA expenses. The company guided for slightly lower 2026 revenue ($414-$435M) and adjusted EBITDA margin (21-22%) compared to 2025.
Key Financial Metrics
Key Facts
- Fiscal 2025 revenue increased 0.1% to $423.0 million, but net income turned to a $9.3 million loss from $19.5 million profit in 2024
- SGA expenses surged 33.8% to $243.1 million, driving the profitability decline despite stable revenue
- Q4 2025 revenue grew 4.3% to $105.1 million, with strong Professional (+18.9%) and DTC (+6.6%) channel growth offsetting Specialty Retail decline (-14.5%)
- Adjusted EBITDA margin fell to 22.2% in 2025 from 30.7% in 2024
- 2026 guidance projects revenue of $414-$435 million and adjusted EBITDA margin of 21-22%, both below 2025 levels
Financial Impact
Revenue flat at $423M, net loss of $9.3M vs $19.5M profit in prior year, SGA up 33.8%
Segment Breakdown
| Segment | Revenue | Growth |
|---|---|---|
| Specialty Retail | $130.4M | -8.3% |
| Professional | $153.3M | +5.5% |
| Direct-To-Consumer | $139.3M | +3.1% |
Risk Factors
- Continued high SGA spending could further pressure margins
- Decline in Specialty Retail channel (down 8.3% in 2025) may accelerate
- Guidance suggests 2026 performance will be weaker than 2025
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001868726-26-000006 |
| Document: olpx-20260305.htm | 0001868726-26-000006 |
| Document: 0001868726-26-000006-index-headers.html | 0001868726-26-000006 |
| Document: 0001868726-26-000006-index.html | 0001868726-26-000006 |
| Document: 0001868726-26-000006.txt | 0001868726-26-000006 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jul 7, 2026 12w ago | 8-K / 25-NSE | $2.07 $2.07 | · 0.00% | ▼ −0.55% | — |
May 29, 2026 17w ago | 8-K | $2.05 $2.04 | ▼ −0.49% | ▲ +2.26% | — |
May 11, 2026 20w ago | 8-K | $2.04 $2.03 | ▼ −0.49% | ▼ −0.40% | — |
May 11, 2026 20w ago | Press Release | $2.04 $2.03 | ▼ −0.49% | ▼ −0.40% | — |
Mar 26, 2026 27w ago | Press Release | $2.01 $2.03 | ▲ +0.99% | ▼ −0.64% | — |
Mar 12, 2026 29w ago | Insider Cluster | $1.24 $1.30 | ▼ −4.84% | ▼ −5.82% | — |
Mar 5, 2026 30w ago | 8-K | $1.47 $1.24 | ▲ +15.36% | ▲ +13.12% | — |
Mar 5, 2026 30w ago | Press Release | $1.47 $1.24 | ▲ +15.36% | ▲ +13.12% | — |
US Market Status
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