Logo

SHCO

Soho House & Co Inc.

SHCO

Soho House & Co Inc. • NYSE
$8.86 ▼ -0.11% (-0.01)
Market Cap $1.73 B
52w High $8.92
52w Low $4.60
Dividend Yield 0%
P/E -21.61
Volume 207.63K
Outstanding Shares 195.46M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $370.75M ▲ $246.543M ▲ $-18.708M ▼ -5.046% ▼ $-0.1 ▼ $43.09M ▼
Q2-2025 $329.804M ▲ $100.039M ▲ $24.885M ▲ 7.545% ▲ $0.13 ▲ $85.046M ▲
Q1-2025 $282.864M ▼ $83.524M ▼ $8.168M ▲ 2.888% ▲ $0.042 ▲ $59.644M ▲
Q4-2024 $305.555M ▼ $212.109M ▲ $-91.685M ▼ -30.006% ▼ $-0.47 ▼ $-46.038M ▼
Q3-2024 $333.368M $136.694M $175K 0.052% $0.001 $65.419M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $148.254M ▼ $2.684B ▲ $3.033B ▲ $-351.628M ▼
Q2-2025 $153.136M ▲ $2.595B ▲ $2.941B ▲ $-348.639M ▼
Q1-2025 $152.531M ▼ $2.48B ▲ $2.818B ▲ $-340.056M ▼
Q4-2024 $155.095M ▲ $2.444B ▼ $2.773B ▼ $-335.059M ▼
Q3-2024 $144.755M $2.579B $2.854B $-279.423M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-17.01M ▼ $34.925M ▼ $-38.836M ▲ $-2.329M ▼ $-7.161M ▼ $-2.781M ▼
Q2-2025 $24.128M ▲ $41.012M ▲ $-44.718M ▼ $-361K ▲ $761K ▲ $12.423M ▲
Q1-2025 $8.168M ▲ $22.82M ▼ $-18.305M ▼ $-8.453M ▼ $-1.664M ▼ $2.865M ▼
Q4-2024 $-92.223M ▼ $26.883M ▲ $-13.862M ▼ $1.598M ▲ $9.697M ▲ $13.021M ▲
Q3-2024 $718K $20.598M $-13.627M $-15.386M $-5.037M $6.982M

Revenue by Products

Product Q3-2024Q4-2024Q1-2025Q2-2025
Elimination Of Equity Accounted Revenue
Elimination Of Equity Accounted Revenue
 $-20.00M ▲$-10.00M ▲$-10.00M ▲$-20.00M ▼
In House Revenue
In House Revenue
 $130.00M ▲$0 ▼$120.00M ▲$140.00M ▲
Membership Revenue
Membership Revenue
 $110.00M ▲$110.00M ▲$120.00M ▲$120.00M ▲
Other Revenue
Other Revenue
 $110.00M ▲$0 ▼$60.00M ▲$80.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Soho House shows a classic growth-stage profile: strong revenue expansion but ongoing losses. Sales have climbed steadily over the last five years, showing that demand for the brand is real and growing. Profitability, however, is still a work in progress. Gross profit has improved meaningfully, which suggests better pricing power and utilization of properties, but operating income remains negative and net losses are persistent. The scale of those losses has narrowed somewhat over time, yet the business is not self-sustaining on an earnings basis. In short, the top line is moving in the right direction, margins are slowly improving, but the company is still a distance away from consistent, bottom-line profitability.

Balance Sheet

Balance Sheet The balance sheet is stretched and clearly a risk area. Assets have grown only modestly, while debt remains very high relative to the size of the business. Equity has flipped in and out of negative territory and is currently negative again, which indicates that liabilities exceed the book value of assets. Cash on hand is modest, not especially large compared to the debt load or expansion ambitions. This combination—high leverage, thin equity, and a lifestyle expansion strategy—makes the company sensitive to downturns, interest costs, and execution missteps, even though the underlying asset base of clubs and brand value is significant.

Cash Flow

Cash Flow Cash generation has improved meaningfully, but with a fragile quality. Operating cash flow has moved from clearly negative to modestly positive, showing that the core business model is starting to fund itself on a cash basis. Free cash flow, after capital spending, has shifted from deep outflows toward roughly breakeven, helped by more disciplined investment and better operating performance. However, capital expenditure is still heavy, reflecting ongoing club openings and refurbishments. That means the business is not yet producing comfortable, surplus cash; it is in a transition phase where careful control of expansion plans will be critical to maintaining liquidity.

Competitive Edge

Competitive Edge Soho House occupies a distinctive niche at the intersection of hospitality, lifestyle, and community. Its moat comes from three intertwined strengths: a highly aspirational brand focused on creative and cultural elites, an exclusive membership model with strong recurring fees and long waitlists, and a global network of houses that would be difficult and time-consuming for rivals to replicate. This creates a strong sense of belonging that goes beyond a standard hotel stay. Competition from luxury hotels and newer private clubs is real, but most alternatives lack the same combination of curated community, consistent design language, cultural programming, and digital engagement. Within its niche, Soho House appears to be one of the defining brands, though it must keep evolving to protect that status.

Innovation and R&D

Innovation and R&D In this sector, innovation is less about lab research and more about experience design, digital engagement, and new concepts—areas where Soho House is quite active. Its app integrates bookings, payments, social networking, and on-site personalization into a single ecosystem, deepening member engagement and generating valuable behavioral data. The company continually experiments with new formats such as countryside “Farmhouse” retreats, expanded wellness offerings under the Soho Health Club banner, destination events, and a lifestyle retail arm through Soho Home. These initiatives show a strong focus on extending the brand from a place to stay into a broader daily lifestyle platform. Under the new private ownership structure, Soho House is likely to have more freedom to pursue long-term concept development and operational improvements away from quarterly public market pressure.

Summary

Overall, Soho House is a brand-rich, experience-driven company with clear momentum on the revenue and member demand side, but it is still financially delicate. The income statement shows improving but still negative profitability, the balance sheet is heavily leveraged with negative equity, and free cash flow is only just approaching stability after years of investment. On the positive side, the company’s differentiated membership model, strong brand identity, digital ecosystem, and global footprint provide a real competitive edge and multiple avenues for growth, from wellness to destination properties and retail. The transition to private ownership introduces execution and integration questions, but also the potential for more disciplined operations and long-term investment in the member experience. The core tension is straightforward: a powerful, distinctive platform with growing demand, set against a capital-intensive model and a leveraged financial structure that leaves limited room for error.

NEWS

November 7, 2025 · 7:30 AM UTC

Soho House & Co Inc. Announces Third Quarter 2025 Results

Read more

September 29, 2025 · 12:42 PM UTC

Soho House & Co Inc. Investigated for Breaches of Fiduciary Duty - Contact the DJS Law Group to Discuss Your Rights – SHCO

Read more

September 15, 2025 · 2:28 AM UTC

Shareholder Alert: The Ademi Firm continues to investigate whether Soho House & Co Inc. is obtaining a Fair Price for its Public Shareholders

Read more

September 5, 2025 · 6:00 AM UTC

IS SOHO HOUSE $9.00 PER SHARE BUYOUT FAIR? Kaskela Law LLC is Actively Investigating the Shareholder Buyout and Encourages Investors to Promptly Contact the Firm to Protect Their Financial Interests

Read more

September 3, 2025 · 10:57 AM UTC

SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates SHCO and WOW on Behalf of Shareholders

Read more