A Business at a Glance
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Unless the context indicates otherwise, references in this Annual Report on Form 10-K to “a.k.a.,” “a.k.a. Brands,” the “Company” or “company,” “we,” “our” and “us” mean a.k.a. Brands Holding Corp. and its subsidiaries. Our Vision To be the global leader in fashion for the next generation of consumers through a portfolio of the most innovative brands. Who We Are a.k.a. Brands Holdings Corp. (“a.k.a.”) maintains a portfolio of global fashion brands, Princess Polly, Culture Kings, Petal and Pup and mnml. Through these brands we reach a broad audience of next-generation consumers who seek fashion inspiration on social media and primarily shop online. Our brands are hyper-focused on the customer and serving them newness and a seamless experience throughout the entire shopping journey. We leverage a data-driven ‘test, repeat & clear’ merchandising model that allows us to introduce new and exclusive fashion weekly, so our customers are always on-trend.
| Metric | TTM | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Revenue | 595M | 575M | 546M | 612M | 562M | 216M |
| Net Income | -26M | -26M | -99M | -177M | -6.0M | 14M |
| EPS | $-2.46 | $-2.46 | $-9.24 | $-16.47 | $-0.72 | $2.52 |
| Free Cash Flow | 5.5M | -11M | 27M | -20M | 16M | 20M |
| ROIC | -4.0% | -11.7% | -41.4% | -45.9% | 3.1% | 12.6% |
| Gross Margin | 57.4% | 57.0% | 55.0% | 55.1% | 54.7% | 58.5% |
| Debt/Equity | 1.01 | 0.95 | 0.63 | 0.58 | 0.24 | 0.05 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | -10M | -10M | -83M | -172M | 16M | 22M |
| Operating Margin | -1.7% | -1.8% | -15.3% | -28.1% | 2.9% | 10.3% |
| ROE | -23.9% | -10.8% | -66.5% | -71.5% | -1.3% | 10.3% |
| Shares Outstanding | 11M | 11M | 11M | 11M | 8M | 6M |
| Metric | 2020 | 2021 | 2022 | |||
|---|---|---|---|---|---|---|
| Income Statement | ||||||
| Revenue | 216M | 562M | 612M | 546M | 575M | 595M |
| Gross Margin | 58.5% | 54.7% | 55.1% | 55.0% | 57.0% | 57.4% |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | N/A | N/A | N/A | N/A | N/A | N/A |
| EBIT | 22M | 16M | -172M | -83M | -10M | -10M |
| Op. Margin | 10.3% | 2.9% | -28.1% | -15.3% | -1.8% | -1.7% |
| Net Income | 14M | -6.0M | -177M | -99M | -26M | -26M |
| Net Margin | 6.6% | -1.1% | -28.9% | -18.1% | -4.5% | -4.4% |
| Non-Recurring | 0 | 0 | 174M | 69M | 0 | 0 |
| Returns on Capital | ||||||
| ROIC | 12.6% | 3.1% | -45.9% | -41.4% | -11.7% | -4.0% |
| ROE | 10.3% | -1.3% | -71.5% | -66.5% | -10.8% | -23.9% |
| ROA | 7.6% | -0.9% | -34.7% | -27.3% | -7.0% | -6.4% |
| Cash Flow | ||||||
| Op. Cash Flow | 22M | 24M | -319K | 33M | 669K | 22M |
| Free Cash Flow | 20M | 16M | -20M | 27M | -11M | 5.5M |
| Owner Earnings | 20M | 13M | -13M | 18M | -14M | 7.2M |
| CapEx | 1.3M | 7.7M | 20M | 6.0M | 12M | 16M |
| Maint. CapEx | 353K | 2.7M | 6.2M | 7.6M | 6.6M | 6.6M |
| Growth CapEx | 975K | 5.0M | 14M | 0 | 5.0M | 9.7M |
| D&A | 353K | 2.7M | 6.2M | 7.6M | 6.6M | 6.6M |
| CapEx/OCF | N/A | 32.3% | N/A | 17.9% | 1732.7% | 74.7% |
| Capital Allocation | ||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 0 | 0 | 0 | 2.1M | 1.5M | 1.5M |
| Buyback Yield | N/A | N/A | N/A | 2.2% | 0.7% | 1.3% |
| Stock-Based Comp | 1.4M | 8.0M | 6.7M | 7.6M | 8.0M | 8.0M |
| Debt Repayment | 0 | 156M | 5.6M | 11M | 5.4M | 5.4M |
| Balance Sheet | ||||||
| Net Debt | -20M | 70M | 97M | 72M | 88M | 88M |
| Cash & Equiv. | N/A | N/A | N/A | N/A | N/A | 23M |
| Long-Term Debt | 0 | 103M | 138M | 90M | 105M | 105M |
| Debt/Equity | 0.05 | 0.24 | 0.58 | 0.63 | 0.95 | 1.01 |
| Interest Coverage | 67.3 | 1.7 | -24.4 | -7.5 | -1.0 | -1.0 |
| Equity | 139M | 451M | 247M | 149M | 118M | 110M |
| Total Assets | 189M | 688M | 510M | 362M | 385M | 411M |
| Total Liabilities | 51M | 237M | 263M | 213M | 268M | 301M |
| Intangibles | 117M | 462M | 244M | 159M | 142M | 142M |
| Retained Earnings | 14M | 8.2M | -169M | -267M | -293M | -293M |
| Working Capital | 24M | 76M | 109M | 50M | 48M | 48M |
| Current Assets | 65M | 184M | 198M | 136M | 145M | 145M |
| Current Liabilities | 41M | 108M | 88M | 86M | 97M | 97M |
| Per Share Data | ||||||
| EPS | 2.52 | -0.72 | -16.47 | -9.24 | -2.46 | -2.46 |
| Owner EPS | 3.51 | 1.60 | -1.23 | 1.70 | -1.31 | 0.67 |
| Book Value | 24.42 | 54.41 | 23.03 | 13.89 | 11.13 | 10.25 |
| Cash Flow/Share | 3.82 | 2.89 | -0.03 | 3.12 | 0.06 | -1.84 |
| Dividends/Share | N/A | N/A | N/A | N/A | N/A | 0.00 |
| Shares Out. | 5.7M | 8.3M | 10.7M | 10.7M | 10.6M | 10.7M |
| Valuation | ||||||
| P/E Ratio | N/A | N/A | N/A | N/A | N/A | -4.3 |
| P/FCF | N/A | 54.2 | N/A | 3.4 | N/A | 20.8 |
| EV/EBIT | N/A | 58.0 | N/A | N/A | N/A | N/A |
| Price/Book | N/A | 2.0 | 0.6 | 0.6 | 1.7 | 1.0 |
| Price/Sales | N/A | 1.9 | 0.8 | 0.2 | 0.3 | 0.2 |
| FCF Yield | N/A | 1.8% | -12.6% | 29.1% | -5.3% | 4.8% |
| Market Cap | N/A | 880M | 160M | 94M | 205M | 114M |
| Avg. Price | N/A | 125.81 | 42.94 | 8.42 | 17.04 | 10.65 |
| Year-End Price | N/A | 106.20 | 14.88 | 8.83 | 19.41 | 10.65 |
A.K.A. BRANDS HOLDING CORP. passes 2 of 9 quality checks, indicating weak fundamentals.
On a free-cash-flow basis, the stock trades at 20.8x vs a median of 28.8x. The company's 5-year average gross margin is 56.1%. Total shareholder yield (buybacks) is 1.3%. At current prices, the estimated annualized return to fair value is -20.6%.
A.K.A. BRANDS HOLDING CORP. (AKA) has a 5-year average return on invested capital (ROIC) of -16.6%. This is below average and may indicate limited pricing power.
A.K.A. BRANDS HOLDING CORP. (AKA) has a market capitalization of $114M. It is classified as a small-cap stock.
A.K.A. BRANDS HOLDING CORP. (AKA) does not currently pay a regular dividend. However, the company returns capital to shareholders through share buybacks, with a buyback yield of 1.32%.
A.K.A. BRANDS HOLDING CORP. (AKA) operates in the Retail-Catalog & Mail-Order Houses industry, within the Consumer Cyclical sector.
A.K.A. BRANDS HOLDING CORP. (AKA) reported annual revenue of $575 million in its most recent fiscal year, based on SEC EDGAR filings.
A.K.A. BRANDS HOLDING CORP. (AKA) has a net profit margin of -4.5%. The company is currently unprofitable.
A.K.A. BRANDS HOLDING CORP. (AKA) generated $-11 million in free cash flow in its most recent fiscal year. Negative free cash flow may indicate heavy investment or operational challenges.
A.K.A. BRANDS HOLDING CORP. (AKA) has a debt-to-equity ratio of 0.95. This indicates moderate leverage.
A.K.A. BRANDS HOLDING CORP. (AKA) reported earnings per share (EPS) of $-2.46 in its most recent fiscal year.
A.K.A. BRANDS HOLDING CORP. (AKA) has a return on equity (ROE) of -10.8%. A negative ROE may indicate losses or negative equity.
A.K.A. BRANDS HOLDING CORP. (AKA) has a 5-year average gross margin of 56.1%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 5 years of financial data for A.K.A. BRANDS HOLDING CORP. (AKA), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
A.K.A. BRANDS HOLDING CORP. (AKA) has a book value per share of $11.13, based on its most recent annual SEC filing.