LESLQ on Nasdaq
Leslie's, Inc.
We operate primarily in the pool and spa aftermarket industry, a fundamentally attractive category in retail, given its scale, historical predictability, and growth outlook.4 From its latest annual report
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Last updated Oct 19, 2026.
Overview
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- TickerLESLQ on Nasdaq1
- IndustryRetail-Retail Stores, NEC1
- HeadquartersPhoenix, Arizona1
- Incorporated inDE3
- Business address2005 E. Indian School Road, Phoenix, Az 850163
- Filer categoryAccelerated filer, Smaller reporting company3
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We operate primarily in the pool and spa aftermarket industry, a fundamentally attractive category in retail, given its scale, historical predictability, and growth outlook. More than 85% of our product assortment is comprised of non-discretionary products essential to the care of residential and commercial pools and spas. This includes chemicals, new and replacement parts, cleaning and maintenance equipment, safety, recreational, and fitness-related products. We also offer important essential services, such as equipment installation and repair for residential and commercial customers. We have relationships with professional pool operators from major hotel and apartment owners to municipal, county and state governments, all the way to sole proprietors. In addition to a strong consumer and commercial retail and service presence, we operate a wholesale specialty pool and spa parts distribu…4 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue62¢$802.3M
- Selling, general and admin33¢$425.7M
- Interest5¢$62.9M
- Income tax0¢$4.2M
Out of $1.2B in revenue.2 The company lost money this year.
Where each dollar of operating cash went, fiscal 2025
- Capital spending100¢$25.5M
Out of $8.8M of cash from operations. Spending exceeded cash from operations; the rest came from savings or borrowing.2
Financial statements
Every line of the income statement as filed: the last 3 fiscal years, latest first.2
| Period ending | 2025-09-30 | 2024-09-30 | 2023-09-30 |
|---|---|---|---|
| Sales | $1.2B | $1.3B | $1.5B |
| Cost of merchandise and services sold | $802.3M | $853.3M | $903.0M |
| Gross profit | $439.6M | $476.8M | $548.2M |
| Selling, general and administrative expenses | $425.7M | $419.7M | $446.0M |
| Impairment | $183.8M | $0 | $0 |
| Operating (loss) income | -$169.9M | $57.1M | $102.2M |
| Interest expense | $62.9M | $70.4M | $65.4M |
| Net (loss) income before taxes | -$232.8M | -$13.3M | $36.7M |
| Income tax expense | $4.2M | $10.1M | $9.5M |
| Net (loss) income | -$237.0M | -$23.4M | $27.2M |
| Basic | -$25.57 | -$2.53 | $2.96 |
| Diluted | -$25.57 | -$2.53 | $2.95 |
| Basic | 9.3M shares | 9.2M shares | 9.2M shares |
| Diluted | 9.3M shares | 9.2M shares | 9.2M shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.2
| Period ending | 2025-09-30 | 2024-09-30 | 2023-09-30 | 2022-09-30 |
|---|---|---|---|---|
| Cash and cash equivalents | $64.3M | $108.5M | ||
| Accounts and other receivables, net | $23.2M | $45.5M | ||
| Inventories, net | $208.0M | $234.3M | ||
| Prepaid expenses and other current assets | $33.2M | $34.2M | ||
| Total current assets | $328.8M | $422.4M | ||
| Property and equipment, net | $92.5M | $98.4M | ||
| Operating lease right-of-use assets | $253.0M | $270.5M | ||
| Goodwill and other intangibles, net | $30.7M | $215.1M | ||
| Deferred tax assets | $0 | $4.2M | ||
| Other assets | $36.4M | $39.7M | ||
| Total assets | $741.5M | $1.1B | ||
| Accounts payable | $51.9M | $67.6M | ||
| Accrued expenses and other current liabilities | $82.4M | $106.7M | ||
| Operating lease liabilities | $74.7M | $63.4M | ||
| Income taxes payable | $0 | $1.1M | ||
| Current portion of long-term debt | $0 | $8.1M | ||
| Total current liabilities | $209.1M | $246.9M | ||
| Deferred tax liabilities | $287.0K | $0 | ||
| Operating lease liabilities, noncurrent | $185.1M | $209.1M | ||
| Long-term debt, net | $752.1M | $769.1M | ||
| Other long-term liabilities | $3.0M | $2.4M | ||
| Total liabilities | $1.1B | $1.2B | ||
| Common stock, $0.001 par value, 50,000,000 shares authorized and 9,290,311 and 9,248,464 issued and outstanding as of October 4, 2025 and September 28, 2024. | $9.0K | $9.0K | ||
| Additional paid in capital | $113.2M | $107.0M | ||
| Retained deficit | -$521.2M | -$284.2M | ||
| Total stockholders deficit | -$408.0M | -$177.1M | -$161.4M | -$197.9M |
| Total liabilities and stockholders deficit | $741.5M | $1.1B | ||
| Common stock, par value | $0.00 | $0.00 | ||
| Common stock, shares authorized | 50.0M shares | 50.0M shares | ||
| Common stock, shares issued | 9.3M shares | 9.2M shares | ||
| Common stock, shares outstanding | 9.3M shares | 9.2M shares |
| Period ending | 2025-09-30 | 2024-09-30 | 2023-09-30 | 2022-09-30 |
|---|---|---|---|---|
| Cash and cash equivalents | $64.3M | $108.5M | ||
| Accounts and other receivables, net | $23.2M | $45.5M | ||
| Inventories, net | $208.0M | $234.3M | ||
| Prepaid expenses and other current assets | $33.2M | $34.2M | ||
| Total current assets | $328.8M | $422.4M | ||
| Property and equipment, net | $92.5M | $98.4M | ||
| Operating lease right-of-use assets | $253.0M | $270.5M | ||
| Goodwill and other intangibles, net | $30.7M | $215.1M | ||
| Deferred tax assets | $0 | $4.2M | ||
| Other assets | $36.4M | $39.7M | ||
| Total assets | $741.5M | $1.1B | ||
| Accounts payable | $51.9M | $67.6M | ||
| Accrued expenses and other current liabilities | $82.4M | $106.7M | ||
| Operating lease liabilities | $74.7M | $63.4M | ||
| Income taxes payable | $0 | $1.1M | ||
| Current portion of long-term debt | $0 | $8.1M | ||
| Total current liabilities | $209.1M | $246.9M | ||
| Deferred tax liabilities | $287.0K | $0 | ||
| Operating lease liabilities, noncurrent | $185.1M | $209.1M | ||
| Long-term debt, net | $752.1M | $769.1M | ||
| Other long-term liabilities | $3.0M | $2.4M | ||
| Total liabilities | $1.1B | $1.2B | ||
| Common stock, $0.001 par value, 50,000,000 shares authorized and 9,290,311 and 9,248,464 issued and outstanding as of October 4, 2025 and September 28, 2024. | $9.0K | $9.0K | ||
| Additional paid in capital | $113.2M | $107.0M | ||
| Retained deficit | -$521.2M | -$284.2M | ||
| Total stockholders deficit | -$408.0M | -$177.1M | -$161.4M | -$197.9M |
| Total liabilities and stockholders deficit | $741.5M | $1.1B | ||
| Common stock, par value | $0.00 | $0.00 | ||
| Common stock, shares authorized | 50.0M shares | 50.0M shares | ||
| Common stock, shares issued | 9.3M shares | 9.2M shares | ||
| Common stock, shares outstanding | 9.3M shares | 9.2M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.2
| Period ending | 2025-09-30 | 2024-09-30 | 2023-09-30 |
|---|---|---|---|
| Net (loss) income | -$237.0M | -$23.4M | $27.2M |
| Depreciation and amortization | $33.5M | $33.1M | $34.1M |
| Equity-based compensation | $6.2M | $8.6M | $11.7M |
| Amortization of deferred financing costs and debt discounts | $2.2M | $2.2M | $2.1M |
| Impairments | $183.8M | $0 | $0 |
| Provision for credit losses | -$1.4M | $1.5M | $193.0K |
| Deferred income taxes | $4.5M | $3.4M | -$6.3M |
| Loss on asset dispositions | $192.0K | $464.0K | $6.4M |
| Accounts and other receivables | $23.7M | -$18.7M | $16.1M |
| Inventories | $26.3M | $85.9M | $54.3M |
| Prepaid expenses and other current assets | $1.9M | -$1.0M | -$3.5M |
| Other assets | $3.0M | $6.9M | -$10.0M |
| Accounts payable | -$15.7M | $1.9M | -$97.9M |
| Accrued expenses | -$22.8M | $5.2M | -$22.1M |
| Income taxes payable | -$1.1M | -$4.7M | -$6.7M |
| Operating lease assets and liabilities, net | $1.7M | $6.1M | $825.0K |
| Net cash provided by operating activities | $8.8M | $107.5M | $6.5M |
| Purchases of property and equipment | -$25.5M | -$47.2M | -$38.6M |
| Business acquisitions, net of cash acquired | $0 | $0 | -$15.5M |
| Proceeds from asset dispositions | $141.0K | $81.0K | $1.6M |
| Net cash used in investing activities | -$25.4M | -$47.2M | -$52.5M |
| Borrowings on Revolving Credit Facility | $159.5M | $140.5M | $264.0M |
| Payments on Revolving Credit Facility | -$159.5M | -$140.5M | -$264.0M |
| Repayment of long-term debt | -$27.0M | -$6.1M | -$8.1M |
| Payment on finance lease | -$536.0K | -$145.0K | -$347.0K |
| Payments of employee tax withholdings related to restricted stock vesting | -$76.0K | -$998.0K | -$2.4M |
| Net cash used in financing activities | -$27.6M | -$7.2M | -$10.8M |
| Net (decrease) increase in cash and cash equivalents | -$44.2M | $53.1M | -$56.9M |
| Interest | $65.4M | $63.2M | $63.1M |
| Income taxes, net of refunds received | $3.4M | $10.9M | $22.6M |
No quarter-by-quarter statement was filed.
Leadership
Who has led Leslie's, Inc., and when. Pick a name to see everywhere that person has worked.
Chief executive
- Chief executive officerJason McDonell Sep 10, 2024 to now12
- Chief executive officerMichael R. Egeck Oct 29, 2020 to Feb 5, 202413
Board members and other officers (25)
- OfficerAnthony A. Iskander Mar 19, 2025 to now14
- OfficerAmy College Jul 21, 2025 to now15
- OfficerJeffrey Justin White Sep 22, 2025 to now16
- OfficerBenjamin Lindquist Apr 19, 2024 to now17
- OfficerJohn Strain Aug 29, 2024 to now18
- Chief Stores OfficerDave Caspers Oct 4, 2023 to Dec 17, 202419
- OfficerMike Africa Oct 4, 2023 to May 21, 202420
- Chief People OfficerNaomi Cramer Oct 4, 2023 to now21
- OfficerBrad Gazaway Jan 11, 2022 to Jan 29, 202422
- Chief Merchandising OfficerMoyo Labode Jan 11, 2022 to now23
- OfficerSteven M. Weddell Oct 28, 2020 to Aug 9, 202324
- Board memberJohn R. Hartmann Jan 14, 2026 to now25
- Board memberMaile Naylor May 21, 2024 to now26
- Board memberLorna Nagler Jun 26, 2024 to now27
- Board memberJason McDonell Sep 10, 2024 to now12
- Board memberJonathan S. Estep Nov 15, 2023 to now28
- Board memberClaire Spofford May 18, 2022 to now29
- Board memberMarc Magliacano Oct 28, 2020 to Mar 18, 202230
- Board memberMatthew Lischick Oct 28, 2020 to Oct 27, 202131
- Board memberYolanda Daniel Oct 28, 2020 to now32
- Board memberEric J. Kufel Oct 29, 2020 to Mar 15, 202433
- Board memberJodee A. Kozlak Oct 29, 2020 to Mar 16, 202334
- Board memberJohn Strain Oct 29, 2020 to now35
- Board memberMichael R. Egeck Oct 29, 2020 to Feb 5, 202413
- Board memberSteven L. Ortega Oct 30, 2020 to Mar 15, 202436
Timeline
Filings
343 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 57 major events, 189 insider forms, 47 large holders, 30 other. The latest 20:
- Oct 7, 20264 EDGAR
- Oct 5, 20268-K EDGAR
- Sep 30, 20268-K EDGAR
- Sep 10, 20264 EDGAR
- Aug 27, 20264 EDGAR
- Aug 27, 20264 EDGAR
- Aug 14, 2026SCHEDULE 13G/A EDGAR
- Aug 14, 20264 EDGAR
- Aug 13, 2026SCHEDULE 13G/A EDGAR
- Aug 12, 202610-Q EDGAR
- Aug 12, 20268-K EDGAR
- Aug 7, 2026SCHEDULE 13G/A EDGAR
- Aug 7, 2026SCHEDULE 13G/A EDGAR
- Jun 25, 2026SCHEDULE 13G EDGAR
- Jun 1, 20268-K EDGAR
- May 26, 20264 EDGAR
- May 20, 2026SCHEDULE 13G EDGAR
- May 19, 20264 EDGAR
- May 13, 202610-Q EDGAR
- May 13, 20268-K EDGAR
The 343 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
20 open-market trades by officers, directors and large owners since October 2021: 14 buys and 6 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| May 13, 2025 | Iskander Anthony ASee Remarks | Buy | 63,995 | $0.78 | $49.9K | Form 4 |
| May 13, 2025 | Strain JohnDirector | Buy | 150,000 | $0.79 | $118.5K | Form 4 |
| May 13, 2025 | OFarrell Susan CDirector | Buy | 31,500 | $0.80 | $25.2K | Form 4 |
| May 13, 2025 | Naylor MaileDirector | Buy | 12,000 | $0.83 | $10.0K | Form 4 |
| Sep 6, 2024 | Daniel YolandaDirector | Buy | 6,000 | $3.09 | $18.5K | Form 4 |
| Sep 3, 2024 | Estep Jonathan SDirector | Buy | 17,200 | $2.90 | $49.9K | Form 4 |
| Aug 30, 2024 | Naylor MaileDirector | Buy | 8,300 | $3.00 | $24.9K | Form 4 |
| Aug 29, 2024 | Spofford ClaireDirector | Buy | 39,600 | $2.52 | $99.8K | Form 4 |
| Aug 29, 2024 | Bowman Scott JustinFormer Chief Financial Officer | Buy | 100,000 | $2.58 | $258.0K | Form 4 |
| Aug 29, 2024 | Strain JohnDirector | Buy | 120,000 | $2.53 | $303.6K | Form 4 |
| Aug 7, 2023 | Weddell Steven MSee Remarks | Buy | 25,000 | $6.92 | $173.0K | Form 4 |
| Aug 7, 2023 | Egeck Michael R.Chief Executive Officer | Buy | 50,000 | $6.93 | $346.5K | Form 4 |
| Dec 12, 2022 | Dahnke Scott Arnold | Sale | 9,343,499 | $12.02 | $112.3M | Form 4 |
| Sep 26, 2022 | Gazaway BradSee Remarks | Sale | 3,335 | $14.82 | $49.4K | Form 4 |
| May 12, 2022 | LaBode MoyoSee Remarks | Sale | 4,696 | $17.48 | $82.1K | Form 4 |
| Feb 8, 2022 | Egeck Michael R.Chief Executive Officer | Buy | 101,700 | $19.66 | $2.0M | Form 4 |
| Feb 8, 2022 | Weddell Steven MSee Remarks | Buy | 25,000 | $19.80 | $495.0K | Form 4 |
| Dec 16, 2021 | GIC Special Investments Pte Ltd10% owner | Sale | 8,249,690 | $20.25 | $167.1M | Form 4 |
| Dec 16, 2021 | Bubbles Investor Aggregator, L.P. | Sale | 13,625,310 | $20.25 | $275.9M | Form 4 |
| Nov 22, 2021 | Baker PaulaChief Revenue Officer | Sale | 25,156 | $20.70 | $520.7K | Form 4 |
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.
- William Baxter LeeSCHEDULE 13G/A, 2 filings May 20, 2026 to Aug 14, 202637
- JANE STREET GROUP, LLCSCHEDULE 13G/A, 2 filings Jun 25, 2026 to Aug 13, 202638
- ARIEL INVESTMENTS, LLCSCHEDULE 13G/A, 11 filings Aug 10, 2023 to Aug 7, 202639
- Clarkston Capital Partners, LLCSCHEDULE 13G/A, 4 filings Feb 12, 2024 to Aug 6, 202540
- VANGUARD GROUP INCSCHEDULE 13G/A, 9 filings Feb 10, 2022 to Jul 29, 202541
- KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLCSC 13G/A, 4 filings Feb 14, 2022 to Nov 13, 202442
- Champlain Investment Partners, LLCSCHEDULE 13G, 4 filings Feb 11, 2022 to Nov 12, 202443
- WILLIAM BLAIR INVESTMENT MANAGEMENT, LLCSC 13G/A, 3 filings Feb 10, 2022 to Feb 12, 202444
- GIC Private LtdSC 13G/A, 2 filings Feb 11, 2022 to Feb 10, 202345
- Bubbles Investor Aggregator, L.P.SC 13G/A, 2 filings Feb 14, 2022 to Dec 13, 202246
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 46. Change is in shares since the quarter before.
| Fund | Shares | Value | Share of the fund | Change |
|---|---|---|---|---|
| Ariel Investments, LLC | 2,416,405 | $24.5M | 0.2% | −466,589 |
| Jane Street Group, LLC | 546,799 | $5.6M | 0.0% | +527,062 |
| Lind Value II ApS | 454,620 | $4.6M | 0.7% | No change |
| Josh Arnold Investment Consultant, LLC | 380,270 | $3.9M | 2.4% | New |
| Vanguard Capital Management LLC | 253,234 | $2.6M | 0.0% | −27,712 |
| BlackRock, Inc. | 199,560 | $2.0M | 0.0% | +3,394 |
| Goldman Sachs Group Inc | 91,876 | $932.5K | 0.0% | +1,619 |
| Geode Capital Management, LLC | 80,740 | $820.0K | 0.0% | −23,839 |
| Performa Ltd (US), LLC | 57,700 | $585.7K | 0.1% | −90,300 |
| Sei Investments Co | 57,611 | $584.7K | 0.0% | +2,760 |
| State Street Corp | 44,624 | $452.9K | 0.0% | No change |
| Bank Of America Corp /de/ | 43,668 | $443.2K | 0.0% | −43,055 |
| Two Sigma Investments, LP | 42,127 | $427.6K | 0.0% | −1,708 |
| Scientech Research LLC | 39,420 | $400.1K | 0.3% | New |
| Vanguard Portfolio Management LLC | 34,601 | $351.2K | 0.0% | −78 |
| Vanguard Fiduciary Trust Co | 34,177 | $346.9K | 0.0% | No change |
| Trexquant Investment LP | 30,599 | $310.6K | 0.0% | New |
| Renaissance Technologies LLC | 28,653 | $290.8K | 0.0% | +10,300 |
| Citadel Advisors LLC | 27,645 | $280.6K | 0.0% | New |
| XTX Topco Ltd | 26,962 | $273.7K | 0.0% | +2,558 |
| Walleye Capital LLC | 26,768 | $271.7K | 0.0% | New |
| Everhart Financial Group, Inc. | 23,529 | $238.8K | 0.0% | +1,321 |
| Bank of New York Mellon Corp | 22,456 | $227.9K | 0.0% | No change |
| Group One Trading LLC | 16,364 | $166.1K | 0.0% | New |
| Northern Trust Corp | 14,810 | $150.3K | 0.0% | +4,578 |
13F reports cover disclosed long positions in U.S. stocks only.
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1SEC EDGARLeslie's, Inc. filings on SEC EDGAR
- 2SEC EDGARLeslie's, Inc. 10-K for fiscal 2025
- 3SEC EDGARLeslie's, Inc. filings on SEC EDGAR
- 4
- 5SEC EDGARLeslie's, Inc. 10-K for fiscal 2019
- 6SEC EDGARLeslie's, Inc. 10-K for fiscal 2020
- 7SEC EDGARLeslie's, Inc. 10-K for fiscal 2021
- 8SEC EDGARLeslie's, Inc. 10-K for fiscal 2022
- 9SEC EDGARLeslie's, Inc. 10-Q for fiscal 2026
- 10SEC EDGARLeslie's, Inc. 10-Q for fiscal 2026
- 11SEC EDGARLeslie's, Inc. 10-Q for fiscal 2026
- 12
- 13
- 14SEC EDGARAnthony A. Iskander, Officer
- 15SEC EDGARAmy College, Officer
- 16SEC EDGARJeffrey Justin White, Officer
- 17SEC EDGARBenjamin Lindquist, Officer
- 18SEC EDGARJohn Strain, Officer
- 19SEC EDGARDave Caspers, Chief Stores Officer
- 20SEC EDGARMike Africa, Officer
- 21SEC EDGARNaomi Cramer, Chief People Officer
- 22SEC EDGARBrad Gazaway, Officer
- 23
- 24SEC EDGARSteven M. Weddell, Officer
- 25SEC EDGARJohn R. Hartmann, Board member
- 26SEC EDGARMaile Naylor, Board member
- 27SEC EDGARLorna Nagler, Board member
- 28SEC EDGARJonathan S. Estep, Board member
- 29SEC EDGARClaire Spofford, Board member
- 30SEC EDGARMarc Magliacano, Board member
- 31SEC EDGARMatthew Lischick, Board member
- 32SEC EDGARYolanda Daniel, Board member
- 33SEC EDGAREric J. Kufel, Board member
- 34SEC EDGARJodee A. Kozlak, Board member
- 35SEC EDGARJohn Strain, Board member
- 36SEC EDGARSteven L. Ortega, Board member
- 37
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