Latham Reports 14.5% Q4 Revenue Growth to $99.95M and Boosts 2026 EBITDA Guidance
Latham’s Q4 revenue rose 14.5% year-on-year to $99.95 million, beating analyst estimates by 4.4%, while GAAP loss narrowed to $0.06 per share from a $0.11 per share loss estimate. Adjusted EBITDA reached $10.49 million (63.5% beat) and 2026 EBITDA guidance of $112.5 million topped forecasts.
1. Q4 CY2025 Financial Results
Latham reported Q4 CY2025 revenue of $99.95 million, a 14.5% increase from the prior year and 4.4% above analyst forecasts. GAAP loss narrowed to $0.06 per share versus the $0.11 per share loss estimate, and adjusted EBITDA reached $10.49 million, beating expectations by 63.5%.
2. Margin Improvement and Cash Flow
Operating margin improved to -10.7% from -14.9% year-over-year, reflecting better cost control. The company generated free cash flow of $2.08 million, reversing a $98,000 outflow in the prior-year quarter.
3. Robust 2026 EBITDA Guidance
For the 2026 financial year, Latham set EBITDA guidance at a $112.5 million midpoint, exceeding the $107.7 million consensus forecast and signaling confidence in ongoing efficiency gains and revenue growth.