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HLLY-WT

Holley Inc. WT

HLLY-WT

Holley Inc. WT • NYSE
$0.20 ▲ 1.30% (+0.00)
Market Cap $384.29 M
52w High $0.20
52w Low $0.12
Dividend Yield 0%
P/E 0
Volume 302
Outstanding Shares 1.97B

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $138.373M ▼ $43.972M ▲ $-806K ▼ -0.582% ▼ $-0.01 ▼ $17.847M ▼
Q2-2025 $166.661M ▲ $42.044M ▼ $10.863M ▲ 6.518% ▲ $0.091 ▲ $33.434M ▲
Q1-2025 $153.044M ▲ $44.745M ▼ $2.817M ▲ 1.841% ▲ $0.024 ▲ $26.748M ▼
Q4-2024 $140.054M ▲ $101.067M ▲ $-37.782M ▼ -26.977% ▼ $-0.32 ▼ $36.881M ▲
Q3-2024 $134.038M $46.743M $-6.288M -4.691% $-0.053 $19.689M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $50.723M ▼ $1.165B ▲ $725.377M ▲ $439.737M ▲
Q2-2025 $63.842M ▲ $1.158B ▲ $720.391M ▲ $437.839M ▲
Q1-2025 $39.068M ▼ $1.144B ▲ $719.576M ▲ $424.585M ▲
Q4-2024 $56.087M ▲ $1.133B ▼ $712.168M ▼ $421.152M ▼
Q3-2024 $50.751M $1.184B $725.491M $458.743M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-806K ▼ $7.43M ▼ $-5.51M ▲ $-15.017M ▼ $-13.119M ▼ $1.715M ▼
Q2-2025 $10.863M ▲ $40.487M ▲ $-13.158M ▼ $-2.088M ▲ $24.774M ▲ $27.329M ▲
Q1-2025 $2.817M ▲ $-7.85M ▼ $-7.74M ▼ $-2.37M ▲ $-17.019M ▼ $-15.59M ▼
Q4-2024 $-37.782M ▼ $4.126M ▲ $4.748M ▲ $-4.291M ▼ $5.336M ▲ $1.694M ▲
Q3-2024 $-6.288M $-1.748M $-311K $-272K $-2.329M $-3.475M

Revenue by Products

Product Q3-2021Q1-2022
Accessories
Accessories
 $10.00M ▲$30.00M ▲
Electronic Systems
Electronic Systems
 $80.00M ▲$90.00M ▲
Exhaust
Exhaust
 $20.00M ▲$20.00M ▲
Mechanical System
Mechanical System
 $40.00M ▲$50.00M ▲
Safety
Safety
 $10.00M ▲$20.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Revenue has been fairly flat over the last several years and dipped a bit most recently, which suggests growth has stalled rather than accelerated. Profitability has been up and down: operating profit has narrowed, and what used to be a modest net profit has recently turned into a small loss. That points to pressure from costs, discounts, or weaker volume, even though the basic business is still generating gross profit. Overall, the income statement tells a story of a solid franchise facing margin pressure and demand softness, not a broken business but one that needs to rebuild earnings momentum.

Balance Sheet

Balance Sheet The company carries a meaningful amount of debt relative to its size, while its cash balance is quite thin. Total assets have been fairly steady, and equity has built up from earlier years, which is a positive sign, but leverage remains an important risk to watch. This mix suggests the business is not in obvious distress, yet it does not have a large financial cushion if conditions worsen. The balance sheet is serviceable but not conservative, making consistent execution and steady cash generation particularly important.

Cash Flow

Cash Flow Cash flow from operations is positive, but not especially strong, and has shown some recovery after a weak patch. Free cash flow is also positive, helped by relatively modest spending on equipment and facilities, which means the company is disciplined about large capital projects. That said, the level of free cash flow does not leave a huge margin for error once debt service and any strategic needs are considered. The cash flow profile is adequate for a steady environment but could feel tight in a downturn or if the company needs to invest heavily for growth.

Competitive Edge

Competitive Edge Holley’s main strength is its portfolio of well-known enthusiast brands and its deep roots in the performance automotive community. Its products are widely recognized, trusted, and supported by a broad distribution network plus a growing direct-to-consumer channel, which together form a real competitive moat. The focus on complete, integrated performance solutions—rather than just individual parts—also helps it stand out and makes life easier for customers. On the risk side, the company operates in a cyclical, discretionary niche that is sensitive to consumer confidence, faces competition from other aftermarket and OEM brands, and must adapt to evolving emissions rules and the rise of electric vehicles.

Innovation and R&D

Innovation and R&D The company has a long history of reinventing itself, moving from classic carburetors to advanced electronic fuel injection and now into integrated engine and vehicle control systems. Its tiered EFI product families, complete performance packages, and engine-swap solutions show strong applied engineering and a good understanding of what enthusiasts actually need. More recently, Holley has started to build a presence in the electric-vehicle conversion space through its AEM EV brand, which could open a new growth lane if adoption increases. Overall, innovation here is practical and customer-driven rather than blue-sky research, and the firm’s future edge will depend on how well it extends this approach into EVs and newer vehicle platforms.

Summary

Holley looks like a strong enthusiast brand portfolio sitting on a fairly leveraged, execution-sensitive financial base. The core business shows decent gross profitability and valuable customer loyalty, but recent results reveal weaker margins and a swing to a small loss, underscoring the impact of softer demand and cost pressures. Cash flows are positive yet not abundant, which makes debt levels and economic cycles important watchpoints. Strategically, the company’s brand moat, integrated product ecosystems, and push into EV conversions and direct-to-consumer channels offer meaningful opportunities—but realizing them while managing leverage and restoring steady earnings will be crucial. For the HLLY-WT warrants specifically, it is worth remembering they are tied to the underlying equity performance and carry added complexity and risk compared with common shares, even though the fundamental story rests on Holley’s ability to grow profitably and adapt to a changing automotive landscape.