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FIVE

Five Below, Inc.

FIVE

Five Below, Inc. • NASDAQ
$164.89 ▼ -1.23% (-2.06)
Market Cap $9.07 B
52w High $168.98
52w Low $52.38
Dividend Yield 0%
P/E 33.31
Volume 567.28K
Outstanding Shares 55.04M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q2-2025 $1.027B ▲ $242.314M ▼ $42.762M ▲ 4.164% ▼ $0.78 ▲ $105.595M ▲
Q1-2025 $970.527M ▼ $273.066M ▼ $41.148M ▼ 4.24% ▼ $0.75 ▼ $97.411M ▼
Q4-2024 $1.391B ▲ $312.55M ▲ $187.457M ▲ 13.478% ▲ $3.41 ▲ $292.278M ▲
Q3-2024 $843.71M ▲ $258.648M ▲ $1.687M ▼ 0.2% ▼ $0.031 ▼ $42.675M ▼
Q2-2024 $830.069M $230.277M $33M 3.976% $0.6 $82.977M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q2-2025 $670.164M ▲ $4.607B ▲ $2.699B ▲ $1.907B ▲
Q1-2025 $623.991M ▲ $4.453B ▲ $2.595B ▲ $1.858B ▲
Q4-2024 $528.791M ▲ $4.34B ▲ $2.531B ▼ $1.808B ▲
Q3-2024 $216.643M ▼ $4.185B ▲ $2.569B ▲ $1.616B ▲
Q2-2024 $327.719M $4.013B $2.405B $1.608B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2025 $42.762M ▲ $92.996M ▼ $44.391M ▲ $-2.103M ▼ $135.284M ▲ $48.277M ▼
Q1-2025 $41.148M ▼ $132.662M ▼ $-35.664M ▲ $-1.254M ▼ $95.744M ▼ $96.453M ▼
Q4-2024 $187.457M ▲ $363.535M ▲ $-202.271M ▼ $752K ▲ $162.016M ▲ $311.396M ▲
Q3-2024 $1.687M ▼ $-30.581M ▼ $-8.645M ▼ $-111K ▲ $-39.337M ▼ $-110.964M ▼
Q2-2024 $33M $71.255M $51.056M $-9.58M $112.731M $-32.351M

Revenue by Products

Product Q3-2024Q4-2024Q1-2025Q2-2025
Fashion And Home
Fashion And Home
 $270.00M ▲$420.00M ▲$280.00M ▼$310.00M ▲
Leisure
Leisure
 $360.00M ▲$610.00M ▲$430.00M ▼$470.00M ▲
Party And Snack
Party And Snack
 $210.00M ▲$360.00M ▲$250.00M ▼$250.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Revenue has grown steadily over the last five years, showing that the concept continues to attract more shoppers and support more stores. Gross profit has risen along with sales, so the basic store economics still look solid. However, operating income and net income have not grown as smoothly as sales. Profitability peaked a couple of years ago and has since come under some pressure, even as revenue keeps rising. That suggests higher costs, heavier investments, or some margin squeeze from inflation, promotions, or mix shift. Earnings per share follow the same pattern: strong growth over several years, then a recent step back. Overall, the income statement tells a story of a growing retailer that is still profitable, but currently trading some profit margin in order to support expansion and deal with cost pressures.

Balance Sheet

Balance Sheet The balance sheet has gotten larger as the business has scaled. Total assets have grown consistently, reflecting more stores, more inventory, and more investments in distribution and technology. Shareholders’ equity has also increased, which is a healthy sign that the company is building its net worth over time. Debt has climbed steadily as well, meaning the company is using more borrowing to fund its growth. This introduces more financial risk than in earlier years, though the growth in equity helps offset that somewhat. Cash balances move around from year to year but do not look unusually strained or excessive; they’re consistent with a company actively investing in expansion. In short, the balance sheet shows a growth retailer leaning more on debt than before, but also building its asset base and equity as it expands.

Cash Flow

Cash Flow The business generates solid cash from its day‑to‑day operations, which supports the view that the core stores are cash‑generative. Operating cash flow has been fairly stable to rising over time, in line with revenue growth. Free cash flow is much thinner because the company spends heavily on new stores, distribution capacity, and technology. Capital spending has been consistently high, which depresses free cash flow in the short term but is consistent with an aggressive growth plan. This means the company is reinvesting most of what it earns back into the business rather than accumulating excess cash. Overall, cash flow quality looks reasonable, but the model relies on continued strong operations to fund a heavy investment program, leaving less room for error if sales growth slows.

Competitive Edge

Competitive Edge Five Below occupies a distinct niche between traditional dollar stores and larger general merchandisers. Its focus on teens, tweens, and value‑seeking families, combined with a fun “treasure hunt” shopping experience, gives it a different feel from basic discount chains. Its broad and fast‑changing assortment of trend‑driven items, organized around a set of lifestyle "worlds," helps encourage repeat visits. The low price point strategy, plus the newer higher‑priced “Five Beyond” section, allows it to draw in both budget shoppers and those willing to pay a bit more for better or larger items. Supplier diversification reduces dependence on any single vendor, and the brand has become recognizable and appealing in its niche. The main competitive risks are intense price competition in discount retail, constant need to stay on‑trend, and the challenge of maintaining the in‑store experience as the chain scales. Taken together, the company appears to have a meaningful but not unassailable moat built around format, branding, and merchandising agility rather than around scale alone.

Innovation and R&D

Innovation and R&D Innovation at Five Below is less about formal research labs and more about retail experimentation and technology adoption. On operations, the company is investing in advanced inventory and supply chain tools, including AI‑driven forecasting and a dedicated sourcing office overseas. These efforts aim to keep shelves stocked with the right trendy items while reducing stockouts and excess inventory. In stores, Five Below is adding self‑checkout, upgraded point‑of‑sale systems, and tablets for staff to improve service and efficiency. It is also testing experiential features like game lounges and ear‑piercing services to make stores more of a destination, not just a place to buy low‑priced goods. Digitally, the mobile app, buy‑online‑pickup‑in‑store, and same‑day delivery partnerships show a move toward a more integrated, omnichannel experience. The expansion of the “Five Beyond” concept and early sustainability initiatives are additional examples of ongoing innovation in product mix and brand positioning. Overall, the company appears active and relatively quick in rolling out new ideas, which is important in a fast‑moving, trend‑driven retail niche.

Summary

Five Below shows a clear growth story: steadily rising sales, a bigger asset base, and expanding store footprint. Profitability remains positive but has come under pressure recently, suggesting the company is balancing growth investments and cost inflation against its historically strong margins. The balance sheet and cash flows are those of a growth retailer: more debt than before, substantial capital spending, and modest free cash flow as most resources are reinvested. This creates upside if growth plans succeed but also raises sensitivity to any slowdown in demand or execution missteps. Strategically, Five Below’s differentiated format, strong brand appeal with younger shoppers, and focus on a fun, discovery‑based shopping experience set it apart from more basic discount peers. Its ongoing technology investments, product innovation, and new concepts like Five Beyond and experiential services suggest a management team focused on staying relevant and scaling the model. The key questions going forward center on execution: Can the company maintain its unique feel, product excitement, and operating discipline as it pursues ambitious store growth targets, while also managing higher leverage and preserving profitability in a very competitive retail environment?

NEWS

November 19, 2025 · 4:01 PM UTC

Five Below, Inc. Announces Third Quarter 2025 Earnings Release and Conference Call Date

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November 5, 2025 · 11:09 PM UTC

Rosen Law Firm Announces Investigation of Breaches of Fiduciary Duties by the Directors and Officers of Five Below, Inc. – FIVE

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October 30, 2025 · 6:15 PM UTC

Rosen Law Firm Announces Investigation of Breaches of Fiduciary Duties by the Directors and Officers of Five Below, Inc. – FIVE

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October 27, 2025 · 3:59 PM UTC

Halper Sadeh LLC Encourages Five Below, Inc. Shareholders to Contact the Firm to Discuss Their Rights

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October 17, 2025 · 8:30 AM UTC

Five Below Makes Its Pacific Northwest Debut, Bringing Extreme Value to the Region With Eight New Stores

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