LESL at a glance
Leslie's Inc (LESL, SEC CIK 1821806) filed its latest 10-K annual report on December 18, 2025, a 10-Q quarterly report on August 12, 2026, an 8-K current report on October 5, 2026 and Form 4 insider filings as recently as October 7, 2026. SignalX summarizes each filing with AI and tracks the company's insider trades and institutional holders.
- For the fiscal year ended October 4, 2025 (FY2025), Leslie's Inc (LESL) reported revenue of $1.2 billion (down 6.6% from FY2024) and a net loss of $237.0 million. Diluted EPS was -$25.57.
- As of June 30, 2026, 14 institutional investment managers tracked by SignalX reported holding Leslie's Inc (LESL) shares worth $8.3 million in 13F-HR filings.
Source: SEC EDGAR (XBRL financial data, 13F-HR and Form 4 filings).
- Revenue · FY2025
- $1.2B
- −6.6% vs prior year
- Insiders · 90 days
- 0 buys · 0 sells
- No open-market trades
- 13F holders
- 14 funds
- $8.3M · −1 vs prior quarter
- Latest 8-K
- Oct 5, 2026
- Item 1.01 · Item 1.03 · Item 2.03 · Item 3.01
AI 10-K Annual Report Analysis
Latest 10-K, fiscal year ended Oct 4, 2025
Business Overview
- Direct-to-consumer pool and spa aftermarket leader, combining 1,000+ stores, digital commerce, services, proprietary brands, and vertical integration
- Fiscal 2025 emphasis: same-day delivery trial and redesigned Pool Perks loyalty program with three tiers
- Strategic shift toward speed and convenience: Phoenix fulfillment reduced Ship-to-Home times from days to hours or minutes
- Network includes 3,700+ associates and locations within 20 miles of 80% of U.S. pools
- Distinctive ecosystem: 12 million consumers, 25,000+ products, and AccuBlue Home connected water testing linked to treatment purchases
Management Discussion & Analysis
- Revenue $1,241.9M, down $88.2M or 6.6% YoY, with comparable sales down 6.8%
- Gross margin 35.4% vs 35.8%; operating margin (13.7%) vs 4.3%, including $183.8M impairment
- Adjusted EBITDA $61.4M vs $108.7M; net loss $237.0M vs $23.4M
- Key risks: tariffs, supply-chain disruption, inflation, interest rates, and consumer cost-consciousness
Risk Factors
- U.S.-China tariff escalation: supply-chain disruption and higher product costs threatening discretionary demand
- Seasonal April-September revenue concentration: adverse weather or disruptions during peak months disproportionately affecting results
- Chemical packaging and storage: accidents creating liability exposure and increased operating costs
- Amazon, Home Depot, Lowe’s, Walmart and Costco: greater scale and convenience intensifying pool-product price competition
- Substantial indebtedness: higher interest rates increasing borrowing and refinancing costs
AI summary of the LESL 10-K filed . Generated from the filing text; verify against the original.View on SEC EDGARHow to read a 10-K
AI 10-Q Quarterly Report Analysis
Latest 10-Q, quarter ended Jul 4, 2026
Management Discussion & Analysis
- Revenue $458.5M, down 8.4% YoY from $500.3M, driven by slower summer pool season and store closures
- Gross margin 36.5% vs 39.6% YoY, with gross profit down 15.5% to $167.1M
- Operating margin 13.4% vs 13.7% YoY, while Adjusted EBITDA margin fell to 12.1% from 16.3%
- Comparable sales declined 6.2%, reflecting retail softness and lower high-margin product mix
- $17.5M legal settlement gain supported quarterly net income of $47.8M vs $21.7M YoY
Risk Factors
- New risk trigger: Nasdaq delisting notice after 30 consecutive business days below $15 million MVPHS, compliance regained May 29, 2026
- Going-concern risk intensified by strategic-alternatives exploration and substantial doubt despite management plans
- Debt maturity risk: $786.7 million borrowings, Term Loan maturity March 9, 2028, refinancing or restructuring expected
- Credit risk: rating downgraded to CCC from CCC+, potentially increasing borrowing costs and restricting financing access
- Operational risk: approximately 80 to 90 underperforming U.S. locations targeted for closure by end of first fiscal quarter 2026
AI summary of the LESL 10-Q filed . Generated from the filing text; verify against the original.View on SEC EDGAR10-K vs 10-Q vs 8-K
AI 8-K Current Report Analysis
The most recent material events, by 8-K item
Item 1.01: Entry into a Material Definitive Agreement
- Chapter 11 financing secured: $90.0M term DIP plus $225.0M ABL DIP commitments
- $45.0M term DIP drawn October 2, 2026, with another $45.0M available after final court approval
Item 1.03: Bankruptcy or Receivership
- Leslie’s Chapter 11 bankruptcy proceedings are active under Bankruptcy Court supervision
- CFO Jeff White’s First Day Declaration provides additional detail on the bankruptcy petitions and initial motions
Item 2.03: Creation of a Direct Financial Obligation
- Term Loan DIP Facility and ABL DIP Facility constitute direct financial obligations
- DIP financing indicates reliance on debtor-in-possession funding during restructuring
Item 3.01: Notice of Delisting or Failure to Satisfy a Continued Listing Rule
- Nasdaq delisting determined due to Chapter 11 proceedings under Rules 5101, 5110(b), and IM-5101-1
- Trading suspension scheduled for October 6, 2026 after bid price remained below $1.00 for 30 consecutive business days
Item EX-99.1: Item EX-99.1
- Prearranged Chapter 11 filing, targeting emergence in early 2027 with operations continuing normally
- Approximately $685 million, or 90%, of funded debt targeted for elimination
Item 1.03: Bankruptcy or Receivership
- Chapter 11 triggers approximately $806.65 million of prepetition debt becoming immediately due
- Debt comprises approximately $756.65 million term loans and $50 million asset-based borrowings
Item 2.05: Costs Associated with Exit or Disposal Activities
- Approximately 76 underperforming U.S. stores closed, signaling significant retail footprint reduction
- Store exits target long-term profitability but may pressure near-term revenue and customer reach
Item 3.01: Notice of Delisting or Failure to Satisfy a Continued Listing Rule
- Nasdaq delisting triggered by sub-$1.00 closing bid for 30 consecutive business days
- No additional Nasdaq compliance period, following a reverse stock split within the prior one-year period
Item 7.01: Regulation FD Disclosure
- Chapter 11 filing and RSA announced September 30, 2026, signaling formal restructuring and heightened insolvency risk
- Equity holders may face significant losses, with common stock potentially canceled through the bankruptcy plan
Item 2.02: Results of Operations and Financial Condition
- Q3 fiscal 2026 results for quarter ended July 4, 2026
- Press release furnished as Exhibit 99.1, containing the detailed financial results
Item EX-99.1: Item EX-99.1
- Q3 sales $458.5M, down 8.4%, with comparable sales down 6.2%, signaling sustained consumer demand weakness
- Adjusted EBITDA $55.7M, down from $81.6M, despite SG&A falling 270 basis points as gross margin contracted to 36.5%
AI summaries of LESL 8-K current reports filed with the SEC. What 8-K item codes mean
SignalX for LESL
Don't miss the next LESL filing
- Alerts as it files. A push when LESL files an 8-K or an insider trades.
- Fund moves. Which tracked funds opened, added or cut LESL, by share count.
- Ask anything. An AI agent that reads every LESL filing and answers with sources.
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Recent Insider Transactions (Form 4)
Latest reported trades by officers, directors and 10% owners
| Insider | Type | Date | Shares | Price |
|---|---|---|---|---|
| White Jeffrey Justin | F | Oct 5, 2026 | 2,023 | $0.15 |
| White Jeffrey Justin | M | Oct 5, 2026 | 7,250 | - |
| White Jeffrey Justin | M | Oct 5, 2026 | 7,250 | - |
| McDonell Jason | M | Sep 9, 2026 | 4,957 | - |
| McDonell Jason | M | Sep 9, 2026 | 4,957 | - |
| McDonell Jason | F | Sep 9, 2026 | 1,366 | $0.54 |
| Cramer Naomi | M | Aug 26, 2026 | 1,000 | - |
| Cramer Naomi | F | Aug 26, 2026 | 255 | $0.61 |
Financial SummaryXBRL
| Metric | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Profitability | |||
| Revenue | - | $1.3B | $1.2B |
| Gross Profit | - | $476.8M | $439.6M |
| Operating Income | - | $57.1M | -$169.9M |
| Net Income | - | -$23.4M | -$237.0M |
| Gross Margin | - | 35.8% | 35.4% |
| Op. Margin | - | 4.3% | -13.7% |
| Net Margin | - | -1.8% | -19.1% |
| Balance Sheet | |||
| Total Assets | $1.0B | $1.1B | $741.5M |
| Equity | - | -$177.1M | -$408.0M |
| ROE | - | 13.2% | 58.1% |
| Per Share | |||
| EPS | - | $-0.13 | $-25.57 |
| Cash Flow | |||
| Operating CF | - | $107.5M | $8.8M |
| CapEx | $38.6M | $47.2M | $25.5M |
Source: XBRL data in Leslie's Inc (LESL)'s 10-K filings on SEC EDGAR, in USD. Compare across companies →
13F Fund Holdings: Quarterly Trend
Latest: Q2 2026Aggregate LESL share value held by 13F filers tracked by SignalX, by quarter.
Quarterly totals table
| Quarter | Funds | Total value |
|---|---|---|
| Q2 2026 | 14 | $8.3M |
| Q1 2026 | 15 | $1.1M |
| Q4 2025 | 13 | $1.7M |
| Q3 2025 | 19 | $8.0M |
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- Goldman Sachs Group+1.6K (+2%)
- Bank of America Corp−43.1K (-50%)
- Vanguard Capital Management LLC−27.7K (-10%)
- Invesco Ltd−13.5K (-53%)
- Two Sigma Investments−1.7K (-4%)
- Vanguard Portfolio Management LLC−78 (-0%)
- Citadel Advisors LLC+27.6K
- Millennium Management−92.7K
- Citigroup−7.2K
Source: 13F-HR filings on SEC EDGAR (aggregated from 61 fund-quarter rows). Reflects only 13F filers tracked by SignalX, not the full institutional ownership universe. How 13F filings work
LESL filing archive
AI analysis pages for each 10-K, 10-Q and 8-K
10-K annual reports
10-Q quarterly reports
8-K current reports
Latest 2026 SEC Filings: 10-K, 10-Q, 8-K & Form 4
| Form | Filing date | Period | Analysis | SEC |
|---|---|---|---|---|
| 4 | Oct 7, 2026 | - | - | - |
| 8-K | Oct 5, 2026 | - | Analysis | - |
| 8-K | Sep 30, 2026 | - | Analysis | - |
| 4 | Sep 10, 2026 | - | - | - |
| 4 | Aug 27, 2026 | - | - | - |
| 4 | Aug 27, 2026 | - | - | - |
| 4 | Aug 14, 2026 | - | - | - |
| 10-Q | Aug 12, 2026 | Jul 4, 2026 | Analysis | |
| 8-K | Aug 12, 2026 | - | Analysis | - |
| 8-K | Jun 1, 2026 | - | - | |
| 4 | May 26, 2026 | - | - | |
| 10-Q | May 13, 2026 | Apr 4, 2026 | - | |
| 8-K | May 13, 2026 | - | - | |
| 4 | Apr 7, 2026 | - | - | - |
| 4 | Apr 7, 2026 | - | - | - |
| 4 | Apr 7, 2026 | - | - | - |
| 8-K | Mar 27, 2026 | - | - | - |
| 4 | Mar 26, 2026 | - | - | - |
| 4 | Mar 26, 2026 | - | - | - |
| 4 | Mar 26, 2026 | - | - | - |
| 4 | Mar 26, 2026 | - | - | - |
| 4 | Mar 26, 2026 | - | - | - |
| 4 | Mar 26, 2026 | - | - | - |
| 4 | Mar 26, 2026 | - | - | - |
| 4 | Mar 26, 2026 | - | - | - |
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LESL SEC filings: frequently asked questions
Which institutions hold LESL stock?
As of June 30, 2026, the largest Leslie's Inc (LESL) holders among the 13F filers tracked by SignalX were Vanguard Capital Management LLC ($2.6 million), BlackRock ($2.0 million), Goldman Sachs Group ($933,000), State Street Corp ($453,000), Bank of America Corp ($443,000). 13F-HR reports are filed up to 45 days after each quarter ends.
What was LESL's revenue in fiscal year 2025?
For the fiscal year ended October 4, 2025 (FY2025), Leslie's Inc (LESL) reported revenue of $1.2 billion (down 6.6% from FY2024) and a net loss of $237.0 million. Diluted EPS was -$25.57. The figures come from the XBRL data in the 10-K.
What are the main risks in LESL's latest 10-K?
In the 10-K filed December 18, 2025, Leslie's Inc (LESL) flagged: U.S.-China tariff escalation: supply-chain disruption and higher product costs threatening discretionary demand. Seasonal April-September revenue concentration: adverse weather or disruptions during peak months disproportionately affecting results. (AI summary of the Risk Factors section.)
What did LESL report in its latest 8-K?
Leslie's Inc (LESL) filed an 8-K on October 5, 2026 reporting Item 1.01 (Entry into a Material Definitive Agreement), Item 1.03 (Bankruptcy or Receivership), Item 2.03 (Creation of a Direct Financial Obligation) and Item 3.01 (Notice of Delisting or Failure to Satisfy a Continued Listing Rule). Chapter 11 financing secured: $90.0M term DIP plus $225.0M ABL DIP commitments.
What are the latest LESL SEC filings?
Leslie's Inc (LESL) filed its latest 10-K annual report on December 18, 2025, a 10-Q quarterly report on August 12, 2026, an 8-K current report on October 5, 2026 and a Form 4 insider filing on October 7, 2026.
What is LESL's SEC CIK number?
Leslie's Inc (LESL)'s SEC Central Index Key (CIK) is 1821806. EDGAR lists every LESL filing under that number.
Ask anything about LESL
The research agent reads LESL's filings, financials, insider trades and 13F holders, then answers with sources.