DORMHIGH SIGNALFINANCIAL10-K

DORM experienced a dramatic 208% increase in interest expense alongside a severe 51% decline in operating cash flow despite revenue growth.

The massive spike in interest expense from $15.6M to $48.1M suggests significant new debt financing or rising rates on existing debt, while the halving of operating cash flow indicates serious working capital management challenges. The combination of deteriorating cash generation with substantially higher financing costs creates a concerning liquidity profile that warrants immediate investor attention.

Comparing 2026-02-27 vs 2025-02-27View on EDGAR →
FINANCIAL ANALYSIS

DORM shows mixed signals with gross profit growing 11% to $898M and stockholders equity increasing 14% to $1.5B, but these positives are overshadowed by severe operational stress. The company's operating cash flow collapsed 51% to $114M while interest expense exploded 208% to $48M, and inventory ballooned 36% to $959M while cash declined 14% to $49M. This pattern suggests the company is struggling with working capital efficiency and debt servicing despite top-line growth, creating significant financial strain.

FINANCIAL STATEMENT CHANGES
Interest Expense
P&L
+208.4%
$15.6M→$48.1M

Interest expense surged 208.4% — significant debt increase or rising rates materially impacting earnings.

Operating Cash Flow
Cash Flow
-50.8%
$231.0M→$113.6M

Operating cash flow fell 50.8% — earnings quality concerns; investigate working capital changes and non-cash items.

Inventory
Balance Sheet
+35.5%
$708.0M→$959.0M

Inventory surged 35.5% — growing faster than typical sales pace; potential demand softening or supply chain overcorrection.

Accounts Receivable
Balance Sheet
-16.5%
$573.8M→$479.3M

Receivables declined — improved collection efficiency or conservative revenue recognition.

Stockholders Equity
Balance Sheet
+14.2%
$1.3B→$1.5B

Equity base grew 14.2% — retained earnings accumulation or equity issuance strengthening the balance sheet.

Cash & Equivalents
Balance Sheet
-13.5%
$57.1M→$49.4M

Cash decreased 13.5% — monitor burn rate and upcoming capital needs.

Current Liabilities
Balance Sheet
-12.6%
$563.8M→$492.8M

Current liabilities reduced — improved short-term financial position and working capital health.

Gross Profit
P&L
+11.3%
$806.4M→$897.7M

Gross profit expanding — improving pricing power or product mix shift toward higher-margin offerings.

Current Assets
Balance Sheet
+11.1%
$1.4B→$1.5B

Current assets grew 11.1% — improving short-term liquidity or inventory/receivables build.

LANGUAGE CHANGES
NEW — 2026-02-27
PRIOR — 2025-02-27
ADDED
As of February 24, 2026, the registrant had 30,183,260 shares of common stock, $0.01 par value, outstanding.
Management's Discussion and Analysis of Financial Condition and Results of Operations 27 ITEM 7A.
The Company is under no obligation to (and expressly disclaims any such obligation to) update any of the information in this report if any forward-looking statement later turns out to be inaccurate, whether as a result of new information, future events, or otherwise, except as may be required by applicable law.
As of December 31, 2025, we marketed approximately 144,000 distinct parts compared to approximately 138,000 as of December 31, 2024, many of which we designed and engineered.
Our products are sold under our various brand names, under our customers private-label brands, or in bulk.
+7 more — sign up free →
REMOVED
As of February 24, 2025, the registrant had 30,581,562 shares of common stock, $0.01 par value, outstanding.
Management's Discussion and Analysis of Financial Condition and Results of Operations 31 ITEM 7A.
The Company is under no obligation to (and expressly disclaims any such obligation to) update any of the information in this report if any forward-looking statement later turns out to be inaccurate whether as a result of new information, future events or otherwise.
As of December 31, 2024, we marketed approximately 138,000 distinct parts compared to approximately 133,000 as of December 31, 2023, many of which we designed and engineered.
Our products are sold under our various brand names, under our customers private label brands, or in bulk.
+7 more — sign up free →
MORE FINANCIAL SIGNALS
PNRGHIGHPNRG achieved exceptional profitability improvement with net income surging 2,21...
2026-04-16
BNAIHIGHBNAI underwent a dramatic reverse stock split that reduced share count by 86% wh...
2026-04-16
LAKEHIGHLAKE's financial performance deteriorated significantly with operating losses wo...
2026-04-16
NXXTHIGHNextNRG experienced massive financial deterioration with operating losses explod...
2026-04-16
ANALYZE ANY FILING FREE

See what changed in your portfolio's filings

500+ US-listed companies analyzed. Language delta, financial analysis, instant signal scoring.

Try Tracenotes free →