ELF on NYSE

e.l.f. Cosmetics

Logo: Störm, Public domain, via Wikimedia Commons5

American cosmetics brand

e.l.f. Beauty, Inc.3 From Wikipedia, CC BY-SA 4.0

Price unavailable

Last updated Oct 19, 2026.

Overview

$1.6BRevenue, fiscal 20266
$26.3MNet income, fiscal 20266
Jun 2004Founded1

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  • TickerELF on NYSE1
  • Industrycosmetics industry1
  • HeadquartersNew York City1
  • Websitewww.elfcosmetics.com
  • Legal formDelaware corporation1
  • Incorporated inDE7
  • Business address601 12Th Street, Suite 1400, Oakland, Ca7
  • Filer categoryLarge accelerated filer7
  • LEI549300GE5HV1Z6X7M0224
  • StatusActive4
  • LEI statusLapsed (not renewed)4
  • Registered addressC/O The Corporation Trust Company, 19801 Wilmington, United States4
  • Registered withDivision of Corporations, Department of State, 49049994

e.l.f. Beauty, Inc. is an American cosmetics brand based in Oakland, California. It was founded by Joseph Shamah and Scott Vincent Borba in 2004. The company sells bath and skin-care products, mineral-based makeup, professional tools, eyeliners, lipstick, glosses, blushes, bronzers, brushes and mascara. Its products are sold in 18 countries and in several stores, including Target, CVS, Sephora, and Walmart. Over half the company's sales come from its website, which is also as a social networking site with over two million members.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2026

70.7%Gross margin6
4.5%Operating margin6
1.6%Net margin6
24.6%Revenue growth, 20266
2.3%Return on equity6
0.74×Debt to equity6
$190.1MFree cash flow6

Where the money goes

Where each dollar of revenue went, fiscal 2026

  • Cost of revenue29¢$479.1M
  • Selling, general and admin63¢$1.0B
  • Other costs6¢$90.8M
  • Income tax1¢$14.1M
  • Profit2¢$26.3M

Out of $1.6B in revenue.6

Where each dollar of operating cash went, fiscal 2026

  • Capital spending11¢$22.4M
  • Share buybacks24¢$50.0M
  • Kept or used elsewhere66¢$140.1M

Out of $212.5M of cash from operations.6

Financial statements

Revenue91011126$1.6B in 2026+479% since 2020
0$500.0M$1.0B$1.5B$2.0B2020: $282.9M$282.9M20202021: $318.1M$318.1M2021+12%2022: $392.2M$392.2M2022+23%2023: $578.8M$578.8M2023+48%2024: $1.0B$1.0B2024+77%2025: $1.3B$1.3B2025+28%2026: $1.6B$1.6B2026+25%
Gross profit91011126$1.2B in 2026+539% since 2020
0$500.0M$1.0B$1.5B2020: $181.1M$181.1M20202021: $206.2M$206.2M2021+14%2022: $251.7M$251.7M2022+22%2023: $390.4M$390.4M2023+55%2024: $724.1M$724.1M2024+85%2025: $935.7M$935.7M2025+29%2026: $1.2B$1.2B2026+24%
Operating income91011126$73.6M in 2026+146% since 2020
0$50.0M$100.0M$150.0M$200.0M2020: $29.9M$29.9M20202021: $9.4M$9.4M2021−69%2022: $29.8M$29.8M2022+217%2023: $68.1M$68.1M2023+129%2024: $149.7M$149.7M2024+120%2025: $158.0M$158.0M2025+6%2026: $73.6M$73.6M2026−53%
Net income91011126$26.3M in 2026+47% since 2020
0$50.0M$100.0M$150.0M2020: $17.9M$17.9M20202021: $6.2M$6.2M2021−65%2022: $21.8M$21.8M2022+249%2023: $61.5M$61.5M2023+183%2024: $127.7M$127.7M2024+107%2025: $112.1M$112.1M2025−12%2026: $26.3M$26.3M2026−77%
Fiscal year20192020202120222023202420252026
Revenue$282.9M9$318.1M10$392.2M11$578.8M12$1.0B6$1.3B6$1.6B6
Cost of revenue$101.7M9$111.9M10$140.4M11$188.4M12$299.8M6$377.8M6$479.1M6
Gross profit$181.1M9$206.2M10$251.7M11$390.4M12$724.1M6$935.7M6$1.2B6
Selling, general and admin$157.2M9$194.2M10$221.9M11$322.3M12$574.4M6$777.7M6$1.0B6
Operating income$29.9M9$9.4M10$29.8M11$68.1M12$149.7M6$158.0M6$73.6M6
Income before tax$25.4M11$64.1M12$141.0M6$145.5M6$40.5M6
Income tax$6.2M9-$2.5M10$3.7M11$2.5M12$13.3M6$33.4M6$14.1M6
Net income$17.9M9$6.2M10$21.8M11$61.5M12$127.7M6$112.1M6$26.3M6
Earnings per share$0.379$0.1310$0.4311$1.1712$2.336$1.996$0.456
Earnings per share (diluted)$0.359$0.1210$0.4111$1.1112$2.216$1.926$0.446
Shares (weighted, basic)50.9M shares1152.5M shares1254.7M shares656.2M shares658.3M shares6
Shares (weighted, diluted)53.7M shares1155.3M shares1257.8M shares658.3M shares659.4M shares6

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The story

Founded by Scott-Vincent Borba on Jun 2004.1

History and operations

e.l.f. (short for Eyes Lips Face) Cosmetics was founded by Joseph Shamah and businessman Scott-Vincent Borba in June 2004, with the assistance of Shamah's father, Alan.

On February 3, 2014, TPG Growth bought a majority stake in e.l.f. Cosmetics. Joey Shamah was replaced by Tarang P. Amin as president, chief executive officer, and director.

In August 2023, the company acquired the West Hollywood-headquartered skin-care brand, Naturium, for $355 million. The acquisition was finalized in October 2023.

In April 2025, British professional auto racing driver Katherine Legge, supported by E.l.f. Cosmetics, competed in at least seven NASCAR National Series events, including a return to the NASCAR Cup Series in Mexico City in June of the same year. E.l.f. was the first beauty brand to sponsor a driver and activate at the Indianapolis 500.

In May 2025, E.l.f. Cosmetics became the first beauty sponsor of the National Women’s Soccer League (NWSL) in a three-year deal starting with the NWSL Challenge Cup. The partnership includes a talent development initiative, the “Glow for Glory Contest,” and content collaboration with Footballco. It aims to support young female athletes and promote leadership through sports.

E.l.f. announced on May 28, 2025 that it intended to acquire Rhode, Hailey Bieber's beauty brand, for up to $1 billion. The acquisition was completed in August. E.l.f. plans to expand the Rhode brand into European Sephora Stores in 2026.

History

In 2004, the company was having only partial success stocking its products in retail stores, including dollar stores. Glamour magazine wanted to feature an e.l.f. product but told the company they couldn't unless the product was nationally available for their 2 million-person readership base. e.l.f. Cosmetics at that point had a website intended as a product showcase, and that year it relaunched the site as an e-commerce site, quickly shipping out thousands of orders. Since the premiere of the new site, e.l.f. products have been featured in Glamour over seven times. The website is now the brand's primary sales vehicle and accounted for approximately 50% of all sales in 2008.

2011 Japan earthquake and tsunami

e.l.f. Cosmetics announced the "Mi & You Can Make a Difference" campaign days after the 2011 Tōhoku earthquake and tsunami disaster, which helped fund relief efforts. The program donated 5% of all online purchases to the Red Cross for Japan's crisis recovery initiative.

From Wikipedia’s article on E.l.f., shared under CC BY-SA 4.0.8

Leadership

Who has led e.l.f. Cosmetics, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Tarang Amin2018–now
20052010201520202025
Board members and other officers (26)

Products and brands

  • cosmetics

Listed on Wikidata.1

Products

The company started with only 13 makeup products, but has since developed more than 300 products that include bath products, skin-care products, mineral-based makeup, professional tools, eyeliners, lipstick, glosses, blushes, bronzers, brushes, mascara, and many more. Most items are considered affordable, with an average retail price of $9. The variety of e.l.f. products allows the company to target a demographic with a broad age range, from teenagers to women in their 40s and 50s. According to the company, all its products are vegan and free of animal testing. The company supports PETA's no fur campaign and has been reviewed in Glamour, Allure, Self, InStyle, and Good Housekeeping.

In 2011, the company carried different product lines, which include e.l.f. Studio, e.l.f. Minerals, and e.l.f. Essentials.

In 2011, e.l.f. Cosmetics had three different lines:

e.l.f. Studio – makeup line includes professional makeup for professional makeup artists and consumers.

Read the full text

e.l.f. Minerals – consists of makeup made out of natural minerals.

e.l.f. Essentials – includes "every-day" makeup supplies at lower prices, in an effort to be affordable.

As of 2023, the company has only two product designations, e.l.f. Cosmetics and e.l.f. Skin. The latter is a skin-care line similar to the discontinued e.l.f Bath & Body line, both including moisturizers, cleansers, and other skincare products.

In January 2026, e.l.f. Cosmetics announced its first fragrance collection through a limited-edition collaboration with H&M. The partnership marked e.l.f.’s first fragrance release and its first global collaboration with a fashion retailer.

Retail

e.l.f. Cosmetics is currently available in 18 countries including the United States, Canada, Australia, the United Kingdom, Saudi Arabia, France, Colombia, and Spain. Products can be purchased at regional drug chains across the United States and Canada. e.l.f products are most commonly found in Target. In March 2010, e.l.f.'s $1 and Studio line of products were placed in over 700 Target stores, with most individual items prices at $1 and $3. Another Target expansion to include most outlets happened in March 2011. Other stores include Ulta, Dollar General, and Walmart. e.l.f. is also sold at various supermarkets and women's apparel discount retailers, often in four-tiered spinners or "fish bowls" in impulse-buy sections.

From Wikipedia’s article on E.l.f., shared under CC BY-SA 4.0.8

Subsidiaries and ownership

Also owns

From Wikidata.1

Former names

  • J.A. Cosmetics Holdings, Inc.Feb 14, 2014 to Feb 14, 20147

Timeline

  1. Feb 13, 2018New chief executive Tarang Amin becomes CEO17
  2. Jun 2004Founded Founded1

Filings

518 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 35 major events, 303 insider forms, 26 large holders, 134 other. The latest 20:

  1. Oct 14, 20264 EDGAR
  2. Oct 5, 20264 EDGAR
  3. Oct 1, 2026144 EDGAR
  4. Sep 10, 20264 EDGAR
  5. Sep 9, 20264 EDGAR
  6. Sep 8, 2026144 EDGAR
  7. Sep 3, 20264 EDGAR
  8. Sep 3, 20264/A EDGAR
  9. Sep 3, 20264 EDGAR
  10. Sep 1, 2026144 EDGAR
  11. Aug 24, 20268-K EDGAR
  12. Aug 21, 20264 EDGAR
  13. Aug 21, 20264 EDGAR
  14. Aug 21, 20264 EDGAR
  15. Aug 21, 20264 EDGAR
  16. Aug 21, 20264 EDGAR
  17. Aug 21, 20264 EDGAR
  18. Aug 21, 20264 EDGAR
  19. Aug 21, 20264 EDGAR
  20. Aug 21, 20264 EDGAR

The 518 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

247 open-market trades by officers, directors and large owners since October 2021: 1 buys and 246 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Sep 8, 2026FIELDS MANDY JSee RemarksSale16,065$104.52$1.7MForm 4
Sep 8, 2026Franks Joshua AllenSVP, OperationsSale200$110.00$22.0KForm 4
Sep 1, 2026Franks Joshua AllenSVP, OperationsSale5,512$110.00$606.3KForm 4
Aug 19, 2026Franks Joshua AllenSVP, OperationsSale5,718$100.00$571.8KForm 4
Aug 18, 2026Levitan Lauren CooksDirectorSale1,034$93.15$96.3KForm 4
Aug 4, 2026MARCHISOTTO KORYSee RemarksSale12,173$88.02$1.1MForm 4
Jul 1, 2026Hartnett Jennifer CatherineChief Commercial OfficerSale25,357$80.00$2.0MForm 4
Jul 1, 2026AMIN TARANGChief Executive OfficerSale50,164$78.24$3.9MForm 4
Jun 9, 2026AMIN TARANGChief Executive OfficerSale7,000$51.53$360.7KForm 4
Jun 9, 2026Hartnett Jennifer CatherineChief Commercial OfficerSale4,352$51.53$224.3KForm 4
Jun 9, 2026Franks Joshua AllenSVP, OperationsSale3,505$51.53$180.6KForm 4
Jun 9, 2026FIELDS MANDY JSee RemarksSale4,327$51.53$223.0KForm 4
Jun 9, 2026MARCHISOTTO KORYSee RemarksSale4,352$51.53$224.3KForm 4
Jun 9, 2026Milsten ScottSale4,162$51.53$214.5KForm 4
Jun 4, 2026AMIN TARANGChief Executive OfficerSale15,829$51.94$822.2KForm 4
Jun 4, 2026Hartnett Jennifer CatherineChief Commercial OfficerSale10,318$51.94$535.9KForm 4
Jun 4, 2026Franks Joshua AllenSVP, OperationsSale6,854$51.94$356.0KForm 4
Jun 4, 2026FIELDS MANDY JSee RemarksSale8,464$51.94$439.6KForm 4
Jun 4, 2026MARCHISOTTO KORYSee RemarksSale8,512$51.94$442.1KForm 4
Jun 4, 2026Milsten ScottSale8,512$51.94$442.1KForm 4

All 247 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Sources

The numbers on this page point here. Each one links to the record it came from.

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