Turning Point Brands, Inc. (TPB) FY2025 10-K Annual Report

Filed: Mar 2, 2026
Consumer Staples
Tobacco ProductsSEC EDGAR

Turning Point Brands, Inc. (TPB) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Mar 2, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.

Turning Point Brands, Inc. FY2025 10-K Analysis

Business Overview

  • Core business model focus on tobacco-related products, specifically no longer selling generic or Zig-Zag MYO cigarette tobacco since 2017-2019
  • Discontinued MSA-covered product lines, resulting in no future escrow deposits or loss contingencies under Master Settlement Agreement
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Management Discussion & Analysis

  • Revenue and profitability details not disclosed in provided text
  • Segment performance not described in provided text
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Risk Factors

  • Regulatory risk: U.S. Supreme Court invalidated tariffs imposed under International Emergency Economic Powers Act (IEEPA), causing $1.99M tariff cost adjustment with no refund mechanism
  • Geopolitical risk: 10% blanket tariff under Section 122 of the Trade Act of 1974 imposed on all imports, affecting Zig-Zag cigar wraps margins
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Turning Point Brands, Inc. FY2025 Key Financial Metrics
XBRL

Revenue

$463M

+28.4% YoY

Net Income

$58M

+46.1% YoY

Gross Margin

57.1%

+119bp YoY

Operating Margin

20.6%

-183bp YoY

Net Margin

12.6%

+152bp YoY

ROE

15.6%

-527bp YoY

Total Assets

$764M

+54.8% YoY

EPS (Diluted)

$3.11

+45.3% YoY

Operating Cash Flow

$57M

-14.4% YoY

Source: XBRL data from Turning Point Brands, Inc. FY2025 10-K filing on SEC EDGAR. All figures in USD.

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