SWIM on Nasdaq
Latham Group, Inc.
American plastics products company based in Denver, incorporated in New York.
Price unavailable
Last updated Oct 18, 2026.
Overview
Compare with Karat Packaging Inc., MYERS INDUSTRIES INC or CORE MOLDING TECHNOLOGIES INC, or pick any stock.
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
33.4%Gross margin3
5.6%Operating margin3
2.0%Net margin3
7.4%Revenue growth, 20253
2.7%Return on equity3
0.68×Debt to equity3
$38.0MFree cash flow3
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
In-Ground Swimming Pools brought in 48% of the revenue Latham Group, Inc. broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2023 | 2024 | 2025 |
|---|---|---|---|
| In-Ground Swimming Pools | $297.8M | $259.2M | $262.0M |
| Covers | $140.9M | $131.3M | $160.8M |
| Liners | $127.7M | $118.0M | $123.2M |
Regions
United States brought in 85% of the revenue Latham Group, Inc. broke down this way in fiscal 2025.
Regions by year
| Regions | 2023 | 2024 | 2025 |
|---|---|---|---|
| United States | $475.0M | $429.3M | $462.1M |
| CA [member] | $58.4M | $48.1M | $50.1M |
| AUMember | $22.5M | $21.5M | $21.8M |
| NZ | $6.0M | $5.7M | $6.3M |
| Other Geographic Areas | $4.5M | $3.9M | $5.7M |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue67¢$363.8M
- Selling, general and admin22¢$122.6M
- Other costs8¢$46.0M
- Income tax0¢$2.4M
- Profit2¢$11.1M
Out of $545.9M in revenue.3
Where each dollar of operating cash went, fiscal 2025
- Capital spending40¢$25.4M
- Kept or used elsewhere60¢$38.0M
Out of $63.4M of cash from operations.3
Financial statements
Every line of the income statement as filed: the last 3 fiscal years, latest first.3
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net sales | $545.9M | $508.5M | $566.5M |
| Cost of sales | $363.8M | $354.8M | $413.5M |
| Gross profit | $182.1M | $153.7M | $152.9M |
| Selling, general, and administrative expense | $122.6M | $108.4M | $110.3M |
| Amortization | $28.9M | $27.1M | $26.5M |
| Income from operations | $30.6M | $18.3M | $16.1M |
| Interest expense, net | $25.8M | $24.8M | $30.9M |
| Other (income) expense, net | -$3.5M | $6.2M | -$1.0M |
| Total other expense, net | $22.3M | $31.1M | $29.9M |
| Earnings from equity method investment | $5.2M | $4.1M | $3.7M |
| Income (loss) before income taxes | $13.5M | -$8.7M | -$10.1M |
| Income tax expense (benefit) | $2.4M | $9.1M | -$7.7M |
| Net income (loss) | $11.1M | -$17.9M | -$2.4M |
| Basic (in usd per share) | $0.10 | -$0.15 | -$0.02 |
| Diluted (in usd per share) | $0.09 | -$0.15 | -$0.02 |
| Basic (in shares) | 116.4M shares | 115.4M shares | 112.9M shares |
| Diluted (in shares) | 119.8M shares | 115.4M shares | 112.9M 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.3
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Cash | $71.0M | $56.4M | ||
| Trade receivables, net | $39.9M | $32.3M | ||
| Inventories, net | $74.9M | $77.1M | ||
| Income tax receivable | $12.2M | $4.0M | ||
| Prepaid expenses and other current assets | $20.9M | $8.5M | ||
| Total current assets | $219.0M | $178.3M | ||
| Property and equipment, net | $118.8M | $112.8M | ||
| Equity method investment | $26.5M | $24.9M | ||
| Deferred tax assets | $718.0K | $729.0K | ||
| Operating lease right-of-use assets | $30.7M | $28.3M | ||
| Goodwill | $155.2M | $152.6M | $131.4M | |
| Intangible assets, net | $268.1M | $292.9M | ||
| Other assets | $4.2M | $3.6M | ||
| Total assets | $823.2M | $794.2M | ||
| Accounts payable | $19.3M | $13.1M | ||
| Current maturities of long-term debt | $3.2M | $3.2M | ||
| Current operating lease liabilities | $7.6M | $7.2M | ||
| Accrued expenses and other current liabilities | $49.0M | $47.4M | ||
| Total current liabilities | $79.1M | $71.0M | ||
| Long-term debt, net of discount, debt issuance costs, and current portion | $276.6M | $278.3M | ||
| Deferred income tax liabilities, net | $34.3M | $32.3M | ||
| Non-current operating lease liabilities | $24.0M | $22.1M | ||
| Other long-term liabilities | $3.4M | $3.3M | ||
| Total liabilities | $417.4M | $407.0M | ||
| Preferred stock, $0.0001 par value; 100,000,000 shares authorized as of both December 31, 2024 and December 31, 2023; no shares issued and outstanding as of both December 31, 2024 and December 31, 2023 | $0 | $0 | ||
| Common stock, $0.0001 par value; 900,000,000 shares authorized as of December 31, 2024 and December 31, 2023; 115,764,839 and 114,871,782 shares issued and outstanding, as of December 31, 2024 and December 31, 2023, respectively | $12.0K | $12.0K | ||
| Additional paid-in capital | $473.4M | $467.1M | ||
| Accumulated deficit | -$63.7M | -$74.8M | ||
| Accumulated other comprehensive loss | -$3.9M | -$5.0M | ||
| Total stockholders equity | $405.9M | $387.2M | $399.2M | $382.8M |
| Total liabilities and stockholders equity | $823.2M | $794.2M | ||
| Preferred stock, par value (in usd per share) | $0.00 | $0.00 | ||
| Preferred stock, shares authorized (in shares) | 100.0M shares | 100.0M shares | ||
| Preferred stock, shares issued (in shares) | 0 shares | 0 shares | ||
| Preferred stock, shares outstanding (in shares) | 0 shares | 0 shares | ||
| Common stock, par value (in usd per share) | $0.00 | $0.00 | ||
| Common stock, shares authorized (in shares) | 900.0M shares | 900.0M shares | ||
| Common stock, shares issued (in shares) | 116.8M shares | 115.8M shares | ||
| Common stock, shares outstanding (in shares) | 116.8M shares | 115.8M shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Cash | $71.0M | $56.4M | ||
| Trade receivables, net | $39.9M | $32.3M | ||
| Inventories, net | $74.9M | $77.1M | ||
| Income tax receivable | $12.2M | $4.0M | ||
| Prepaid expenses and other current assets | $20.9M | $8.5M | ||
| Total current assets | $219.0M | $178.3M | ||
| Property and equipment, net | $118.8M | $112.8M | ||
| Equity method investment | $26.5M | $24.9M | ||
| Deferred tax assets | $718.0K | $729.0K | ||
| Operating lease right-of-use assets | $30.7M | $28.3M | ||
| Goodwill | $155.2M | $152.6M | $131.4M | |
| Intangible assets, net | $268.1M | $292.9M | ||
| Other assets | $4.2M | $3.6M | ||
| Total assets | $823.2M | $794.2M | ||
| Accounts payable | $19.3M | $13.1M | ||
| Current maturities of long-term debt | $3.2M | $3.2M | ||
| Current operating lease liabilities | $7.6M | $7.2M | ||
| Accrued expenses and other current liabilities | $49.0M | $47.4M | ||
| Total current liabilities | $79.1M | $71.0M | ||
| Long-term debt, net of discount, debt issuance costs, and current portion | $276.6M | $278.3M | ||
| Deferred income tax liabilities, net | $34.3M | $32.3M | ||
| Non-current operating lease liabilities | $24.0M | $22.1M | ||
| Other long-term liabilities | $3.4M | $3.3M | ||
| Total liabilities | $417.4M | $407.0M | ||
| Preferred stock, $0.0001 par value; 100,000,000 shares authorized as of both December 31, 2024 and December 31, 2023; no shares issued and outstanding as of both December 31, 2024 and December 31, 2023 | $0 | $0 | ||
| Common stock, $0.0001 par value; 900,000,000 shares authorized as of December 31, 2024 and December 31, 2023; 115,764,839 and 114,871,782 shares issued and outstanding, as of December 31, 2024 and December 31, 2023, respectively | $12.0K | $12.0K | ||
| Additional paid-in capital | $473.4M | $467.1M | ||
| Accumulated deficit | -$63.7M | -$74.8M | ||
| Accumulated other comprehensive loss | -$3.9M | -$5.0M | ||
| Total stockholders equity | $405.9M | $387.2M | $399.2M | $382.8M |
| Total liabilities and stockholders equity | $823.2M | $794.2M | ||
| Preferred stock, par value (in usd per share) | $0.00 | $0.00 | ||
| Preferred stock, shares authorized (in shares) | 100.0M shares | 100.0M shares | ||
| Preferred stock, shares issued (in shares) | 0 shares | 0 shares | ||
| Preferred stock, shares outstanding (in shares) | 0 shares | 0 shares | ||
| Common stock, par value (in usd per share) | $0.00 | $0.00 | ||
| Common stock, shares authorized (in shares) | 900.0M shares | 900.0M shares | ||
| Common stock, shares issued (in shares) | 116.8M shares | 115.8M shares | ||
| Common stock, shares outstanding (in shares) | 116.8M shares | 115.8M 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.3
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net income (loss) | $11.1M | -$17.9M | -$2.4M |
| Depreciation and amortization | $51.4M | $44.4M | $40.8M |
| Gain on insurance proceeds received for capital | $0 | $0 | -$1.5M |
| Unrealized foreign currency (gains) loss | -$4.1M | $6.2M | -$110.0K |
| Amortization of deferred financing costs and debt discount | $1.7M | $1.7M | $1.7M |
| Non-cash lease expense | $7.5M | $7.1M | $7.7M |
| Change in fair value of interest rate swap | $717.0K | -$808.0K | $4.7M |
| Deferred income taxes | $2.4M | -$1.7M | -$9.7M |
| Stock-based compensation expense | $9.2M | $7.4M | $18.8M |
| Bad debt expense | $1.7M | $2.1M | $5.4M |
| Other non-cash, net | $651.0K | $1.1M | $16.0K |
| Earnings from equity method investment | -$5.2M | -$4.1M | -$3.7M |
| Distributions received from equity method investment | $3.6M | $5.1M | $2.9M |
| Provision on liability for uncertain tax positions | $0 | $0 | -$7.5M |
| Trade receivables | -$9.2M | -$2.4M | $13.0M |
| Inventories | $2.8M | $22.7M | $68.2M |
| Prepaid expenses and other current assets | -$1.6M | -$2.0M | -$1.3M |
| Income tax receivable | -$8.2M | -$3.0M | $1.3M |
| Other assets | -$244.0K | $1.3M | -$4.3M |
| Accounts payable | $5.8M | -$4.0M | -$8.5M |
| Accrued expenses and other current liabilities | -$6.1M | -$1.3M | -$11.9M |
| Other long-term liabilities | -$573.0K | -$711.0K | $2.8M |
| Net cash provided by operating activities | $63.4M | $61.3M | $116.4M |
| Purchases of property and equipment | -$25.4M | -$20.1M | -$33.2M |
| Deposit on property purchases | -$12.0M | $0 | $0 |
| Capital reimbursed from insurance proceeds | $0 | $0 | $1.5M |
| Acquisition of business, net of cash acquired | -$4.9M | -$64.5M | $0 |
| Net cash used in investing activities | -$42.3M | -$84.6M | -$31.7M |
| Payments on long-term debt borrowings | -$3.2M | -$21.2M | -$13.2M |
| Proceeds from borrowings on revolving credit facility | $25.0M | $0 | $48.0M |
| Payments on revolving credit facilities | -$25.0M | $0 | -$48.0M |
| Repayments of finance lease obligations | -$823.0K | -$771.0K | -$625.0K |
| Common stock withheld for taxes on restricted stock units | -$2.9M | $0 | $0 |
| Net cash used in financing activities | -$7.0M | -$22.0M | -$13.9M |
| Effect of exchange rate changes on cash | $507.0K | -$1.0M | -$631.0K |
| Net increase (decrease) in cash | $14.6M | -$46.4M | $70.1M |
| Cash paid for interest | $27.0M | $24.9M | $25.7M |
| Income taxes paid, net | $8.2M | $15.5M | $7.0M |
| Purchases of property and equipment included in accounts payable and accrued expenses | $1.1M | $510.0K | $955.0K |
| Right-of-use operating and finance lease assets obtained in exchange for lease liabilities | $10.4M | $5.4M | $6.2M |
No quarter-by-quarter statement was filed.
Leadership
Who has led Latham Group, Inc., and when. Pick a name to see everywhere that person has worked.
Chief executive
President
Chief financial officer
Chief operating officer
2025
- Chief executive officerSean Gadd Jan 12, 2026 to now10
- Chief executive officerScott Michael Rajeski Apr 22, 2021 to Jan 12, 202611
- PresidentSean Gadd Jan 12, 2026 to now10
- Chief financial officerOliver C. Gloe Mar 18, 2024 to now12
- Chief financial officerRobert L. Masson Ii. Jul 19, 2022 to Aug 8, 202213
- Chief financial officerJ. Mark Borseth Apr 22, 2021 to Jul 25, 202314
- Chief operating officerSanjeev Bahl Feb 2, 2022 to now15
- Chief operating officerJeff Arnold Leake Apr 22, 2021 to Apr 28, 202116
Board members and other officers (26)
- Chief Human Resources OfficerNikki Vaughan Maczko May 21, 2024 to now17
- Strategic AdvisorJ. Mark Borseth Feb 22, 2023 to Feb 22, 202318
- VICE PRESIDENT, FINANCEOliver C. Gloe Oct 31, 2023 to Oct 31, 202319
- Gen. Counsel & Chief Admin OffJason A. Duva Apr 22, 2021 to Mar 7, 202220
- Chief Commercial OfficerJoshua D. Cowley Apr 22, 2021 to now21
- Chief Information OfficerKaushal Bhikhesh Dhruv Apr 22, 2021 to now22
- Chief Human Resources OfficerMelissa Claire Feck Apr 22, 2021 to Aug 11, 202323
- Vice President & ControllerSuraj Kunchala Apr 22, 2021 to now24
- Board memberSean Gadd Jan 12, 2026 to now10
- Board memberJeffrey T. Jackson Aug 8, 2025 to now25
- Board memberFrank J. Dellaquila Oct 18, 2024 to now26
- Board memberDelu Jackson Apr 10, 2023 to now27
- Board memberKaushal Bhikhesh Dhruv Jan 12, 2022 to Mar 7, 202228
- Board memberDane L. Derbyshire Feb 25, 2022 to Feb 25, 202229
- Board memberPrivate Equity Carryco L.p. Pamplona V. May 4, 2022 to May 4, 202230
- Board memberAlex Hawkinson Apr 22, 2021 to May 4, 202331
- Board memberAlexander M. Knaster Apr 22, 2021 to May 4, 202232
- Board memberAndrew David Singer Apr 22, 2021 to Apr 22, 202133
- Board memberJames E. Cline Apr 22, 2021 to now34
- Board memberJohn C. Halsted Apr 22, 2021 to May 4, 202232
- Board memberJohn Hatherly Apr 22, 2021 to Jan 12, 202235
- Board memberMark Phillip Laven Apr 22, 2021 to now36
- Board memberScott Michael Rajeski Apr 22, 2021 to now11
- Board memberSuzan Morno-Wade Apr 22, 2021 to now37
- Board memberWilliam M. Pruellage Apr 22, 2021 to Apr 22, 202138
- General counselPatrick M. Sheller Aug 10, 2022 to now39
Former names
- Latham Topco, Inc.Dec 15, 2020 to Feb 12, 20212
Timeline
Filings
292 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 42 major events, 172 insider forms, 19 large holders, 39 other. The latest 20:
- Oct 6, 2026SCHEDULE 13G/A EDGAR
- Sep 10, 20264 EDGAR
- Aug 21, 20268-K EDGAR
- Aug 19, 20263 EDGAR
- Aug 13, 2026SCHEDULE 13G/A EDGAR
- Aug 11, 2026144 EDGAR
- Aug 11, 20264 EDGAR
- Aug 5, 202610-Q EDGAR
- Aug 4, 20268-K EDGAR
- Jun 2, 2026SD EDGAR
- May 21, 20264 EDGAR
- May 21, 20264 EDGAR
- May 20, 20264 EDGAR
- May 20, 2026SCHEDULE 13G/A EDGAR
- May 15, 2026SCHEDULE 13G/A EDGAR
- May 6, 2026S-8 EDGAR
- May 6, 202610-Q EDGAR
- May 5, 20268-K EDGAR
- May 4, 20264 EDGAR
- May 4, 20264 EDGAR
The 292 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last three years, summarized. The full record is on SEC EDGAR.
Insider trades and holders
Large holders
Investors who own more than 5% must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively. 19 such filings since October 2021, the latest 10:
- Oct 6, 2026SCHEDULE 13G/A
- Aug 13, 2026SCHEDULE 13G/A
- May 20, 2026SCHEDULE 13G/A
- May 15, 2026SCHEDULE 13G/A
- Feb 10, 2026SCHEDULE 13G
- Nov 14, 2025SCHEDULE 13G/A
- Nov 14, 2025SCHEDULE 13G/A
- May 14, 2025SCHEDULE 13G/A
- Apr 1, 2025SCHEDULE 13G
- Feb 14, 2024SC 13G/A
From Forms 4 and Schedules 13D and 13G filed with the SEC.
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.
| Fund | Shares | Value | Share of the fund | Change |
|---|---|---|---|---|
| Pamplona Capital Management, LLC | 51,845,685 | $335.4M | 92.8% | No change |
| Wellington Management Group Llp | 11,364,049 | $73.5M | 0.0% | +2,201,843 |
| ACK Asset Management LLC | 5,660,000 | $36.6M | 4.3% | +500,000 |
| Keybank National Association/oh | 4,092,908 | $26.5M | 0.1% | +7 |
| Dimensional Fund Advisors LP | 3,791,852 | $24.5M | 0.0% | +421,706 |
| BlackRock, Inc. | 3,637,085 | $23.5M | 0.0% | +368,177 |
| Fmr LLC | 3,340,116 | $21.6M | 0.0% | −329,474 |
| Wasatch Advisors LP | 2,524,359 | $16.3M | 0.1% | −47,129 |
| Vanguard Capital Management LLC | 2,244,614 | $14.5M | 0.0% | −58,765 |
| Formula Growth Ltd | 1,375,082 | $8.9M | 3.1% | +120,000 |
| Geode Capital Management, LLC | 1,338,354 | $8.7M | 0.0% | +175,225 |
| Citadel Advisors LLC | 1,303,746 | $8.4M | 0.0% | +475,201 |
| Onex Canada Asset Management Inc. | 1,172,434 | $7.6M | 1.2% | +47,508 |
| State Street Corp | 1,066,158 | $6.9M | 0.0% | +117,994 |
| CAS Investment Partners, LLC | 922,639 | $6.0M | 0.3% | −5,906 |
| CenterBook Partners LP | 878,650 | $5.7M | 0.3% | +45,941 |
| Silvercrest Asset Management Group LLC | 872,522 | $5.6M | 0.0% | −42,562 |
| Roubaix Capital, LLC | 812,601 | $5.3M | 1.9% | +151,564 |
| Rice Hall James & Associates, LLC | 747,843 | $4.8M | 0.2% | +225,172 |
| Goldman Sachs Group Inc | 595,323 | $3.9M | 0.0% | +4,386 |
| Squarepoint Ops LLC | 574,790 | $3.7M | 0.0% | +234,130 |
| Polar Asset Management Partners Inc. | 558,700 | $3.6M | 0.1% | New |
| Vanguard Portfolio Management LLC | 529,204 | $3.4M | 0.0% | +55,439 |
| Victory Capital Management Inc | 506,775 | $3.3M | 0.0% | +141,025 |
| Renaissance Technologies LLC | 452,900 | $2.9M | 0.0% | −44,600 |
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.
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10SEC EDGARSean Gadd, Chief executive officer
- 11
- 12
- 13
- 14
- 15
- 16
- 17
- 18SEC EDGARJ. Mark Borseth, Strategic Advisor
- 19
- 20
- 21
- 22
- 23
- 24
- 25SEC EDGARJeffrey T. Jackson, Board member
- 26SEC EDGARFrank J. Dellaquila, Board member
- 27SEC EDGARDelu Jackson, Board member
- 28SEC EDGARKaushal Bhikhesh Dhruv, Board member
- 29SEC EDGARDane L. Derbyshire, Board member
- 30
- 31SEC EDGARAlex Hawkinson, Board member
- 32SEC EDGARAlexander M. Knaster, Board member
- 33SEC EDGARAndrew David Singer, Board member
- 34SEC EDGARJames E. Cline, Board member
- 35SEC EDGARJohn Hatherly, Board member
- 36SEC EDGARMark Phillip Laven, Board member
- 37SEC EDGARSuzan Morno-Wade, Board member
- 38SEC EDGARWilliam M. Pruellage, Board member
- 39SEC EDGARPatrick M. Sheller, General counsel
- 40