Revenue has contracted to $132.0 million in 2026Q1, while the company continues to struggle with negative operating margins that reached -11.6% in 2024Q4.
CarParts.com, Inc. (PRTS) annual income statement — 22-year revenue, gross profit & net income history
| Metric | TTM | Jan'26 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 | Dec'06 | Dec'05 | Dec'04 |
|---|
| Sales/Revenue | 515.8M | 547.52M | 588.85M | 675.73M | 661.6M | 582.44M | 443.88M | 280.66M | 289.47M | 303.37M | 303.57M | 291.09M | 283.51M | 254.75M | 304.02M | 327.07M | 262.28M | 176.29M | 153.42M | 160.96M | 120.06M | 59.7M | 40.66M |
| Revenue Growth % | -8.93% | -7.02% | -12.86% | 2.14% | 13.59% | 31.21% | 58.16% | -3.04% | -4.58% | -0.07% | 4.29% | 2.67% | 11.29% | -16.2% | -7.05% | 24.7% | 48.78% | 14.9% | -4.68% | 34.06% | 101.11% | 46.83% | - |
| Cost of Goods Sold | 366.25M | 388.85M | 392.11M | 446.32M | 430.71M | 385.16M | 288.52M | 196.43M | 210.75M | 213.71M | 211.29M | 207.66M | 205.06M | 180.62M | 212.38M | 220.07M | 172.67M | 112.42M | 100.87M | 107.13M | 78.57M | 34.83M | 21.33M |
| COGS % of Revenue | - | 71.02% | 66.59% | 66.05% | 65.1% | 66.13% | 65% | 69.99% | 72.8% | 70.44% | 69.6% | 71.34% | 72.33% | 70.9% | 69.86% | 67.29% | 65.83% | 63.77% | 65.75% | 66.56% | 65.44% | 58.34% | 52.47% |
| Gross Profit | 149.55M | 158.68M | 196.74M | 229.41M | 230.89M | 197.28M | 155.37M | 84.22M | 78.72M | 89.66M | 92.28M | 83.43M | 78.45M | 74.13M | 91.64M | 107M | 89.61M | 63.87M | 52.55M | 53.83M | 41.49M | 24.87M | 19.32M |
| Gross Margin % | 28.99% | 28.98% | 33.41% | 33.95% | 34.9% | 33.87% | 35% | 30.01% | 27.2% | 29.56% | 30.4% | 28.66% | 27.67% | 29.1% | 30.14% | 32.71% | 34.17% | 36.23% | 34.25% | 33.44% | 34.56% | 41.66% | 47.53% |
| Gross Profit Growth % | - | -19.35% | -14.24% | -0.64% | 17.03% | 26.98% | 84.47% | 6.99% | -12.2% | -2.84% | 10.6% | 6.35% | 5.82% | -19.1% | -14.36% | 19.41% | 40.29% | 21.54% | -2.36% | 29.74% | 66.82% | 28.69% | - |
| Operating Expenses | 173.45M | 203.86M | 237.37M | 239.29M | 230.24M | 206.39M | 155.07M | 92.47M | 83.73M | 85.03M | 90.76M | 85.49M | 84.36M | 82.82M | 101M | 117.86M | 91.04M | 59.62M | 82.28M | 58.03M | 36.08M | 18.3M | 11.9M |
| OpEx % of Revenue | - | 37.23% | 40.31% | 35.41% | 34.8% | 35.44% | 34.94% | 32.95% | 28.92% | 28.03% | 29.9% | 29.37% | 29.76% | 32.51% | 33.22% | 36.03% | 34.71% | 33.82% | 53.63% | 36.05% | 30.05% | 30.65% | 29.27% |
| Selling, General & Admin | 0 | 0 | 218.28M | 222.56M | 216.52M | 196.39M | 147.31M | 92.37M | 58.04M | 56.91M | 61.46M | 59.79M | 58.71M | 58.61M | 93.54M | 106.91M | 82.33M | 58.96M | 53.96M | 47.7M | 29.66M | 17.41M | 11.12M |
| SG&A % of Revenue | - | - | 37.07% | 32.94% | 32.73% | 33.72% | 33.19% | 32.91% | 20.05% | 18.76% | 20.25% | 20.54% | 20.71% | 23.01% | 30.77% | 32.69% | 31.39% | 33.45% | 35.17% | 29.63% | 24.7% | 29.17% | 27.34% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4.19M | 4.71M | 5.84M | 5M | 4.86M | 5.13M | 6.27M | 7.27M | 5.9M | 0 | 0 | 1.99M | 1.33M | 868K | 776K |
| R&D % of Revenue | - | - | - | - | - | - | - | - | 1.45% | 1.55% | 1.92% | 1.72% | 1.72% | 2.01% | 2.06% | 2.22% | 2.25% | - | - | 1.23% | 1.11% | 1.45% | 1.91% |
| Other Operating Expenses | 4M | 203.86M | 19.1M | 16.73M | 13.71M | 10.01M | 7.76M | 100K | 1.39M | 54K | 46K | 36K | 65K | 148K | 20K | 3.67M | 2.8M | 661K | 28.33M | 8.35M | 5.09M | 17K | 8K |
| Operating Income | -23.9M | -45.19M | -40.63M | -9.88M | 651K | -9.11M | 295K | -8.25M | -5.01M | 4.63M | 390K | -2.06M | -5.91M | -14.77M | -35.79M | -15.99M | -1.43M | 4.25M | -29.73M | -4.21M | 5.4M | 6.57M | 7.42M |
| Operating Margin % | -4.63% | -8.25% | -6.9% | -1.46% | 0.1% | -1.56% | 0.07% | -2.94% | -1.73% | 1.53% | 0.13% | -0.71% | -2.09% | -5.8% | -11.77% | -4.89% | -0.54% | 2.41% | -19.38% | -2.61% | 4.5% | 11.01% | 18.26% |
| Operating Income Growth % | - | -11.2% | -311.24% | -1617.82% | 107.15% | -3188.47% | 103.58% | -64.8% | -208% | 1088.46% | 118.98% | 65.24% | 59.96% | 58.74% | -123.76% | -1020.1% | -133.61% | 114.29% | -606.63% | -177.85% | -17.76% | -11.5% | - |
| EBITDA | -8.81M | -24.51M | -21.54M | 6.84M | 14.37M | 894K | 8.05M | -1.9M | 981K | 11.35M | 8.35M | 5.92M | 3.43M | -2.21M | -19.4M | 373K | 10.84M | 9.82M | -21.1M | 5.61M | 12.28M | 8.56M | 7.88M |
| EBITDA Margin % | -1.71% | -4.48% | -3.66% | 1.01% | 2.17% | 0.15% | 1.81% | -0.68% | 0.34% | 3.74% | 2.75% | 2.03% | 1.21% | -0.87% | -6.38% | 0.11% | 4.13% | 5.57% | -13.75% | 3.49% | 10.23% | 14.35% | 19.38% |
| EBITDA Growth % | 76.05% | -13.81% | -414.67% | -52.35% | 1506.94% | -88.9% | 524.34% | -293.48% | -91.36% | 35.96% | 41.05% | 72.41% | 255.27% | 88.6% | -5300.27% | -96.56% | 10.41% | 146.55% | -475.91% | -54.31% | 43.41% | 8.67% | - |
| D&A (Non-Cash Add-back) | 14.7M | 20.67M | 19.1M | 16.73M | 13.71M | 10.01M | 7.76M | 6.35M | 5.99M | 6.72M | 7.96M | 7.97M | 9.35M | 12.56M | 16.39M | 16.37M | 12.27M | 5.57M | 8.63M | 9.82M | 6.88M | 1.99M | 456K |
| EBIT | -26.98M | -48.38M | -39.17M | -6.68M | 1.12M | -8.87M | 508K | -8.21M | -3.62M | 4.63M | 3.18M | -2.02M | -5.85M | -14.62M | -36.13M | -15.63M | -1.24M | 4.44M | -29.73M | -4.21M | 5.4M | 6.57M | 7.5M |
| Net Interest Income | -1.01M | -1.7M | -1.17M | -1.39M | -1.44M | -1.11M | -1.71M | -1.9M | -1.6M | -1.66M | -1.24M | -1.22M | -1.1M | -972K | -785K | -1.02M | -471K | 189K | 962K | 1.14M | -1.51M | -106K | -44K |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 189K | 962K | 1.68M | 95K | 0 | 0 |
| Interest Expense | 1.01M | 1.7M | 1.17M | 1.39M | 1.44M | 1.11M | 1.71M | 1.9M | 1.6M | 1.66M | 1.24M | 1.22M | 1.1M | 972K | 785K | 1.02M | 471K | 0 | 0 | 540K | 1.6M | 106K | 44K |
| Other Income/Expense | -4.97M | -4.9M | 301K | 1.8M | -970K | -877K | -1.5M | -1.86M | -211K | -1.6M | -1.19M | -1.18M | -1.04M | -824K | -7.19M | -654K | -280K | 191K | 1M | 1.15M | -1.36M | 85K | 36K |
| Pretax Income | -28.86M | -50.08M | -40.33M | -8.08M | -319K | -9.99M | -1.21M | -10.11M | -5.22M | 3.03M | -802K | -3.23M | -6.95M | -15.59M | -36.91M | -16.65M | -1.71M | 4.44M | -28.73M | -3.06M | 4.05M | 6.66M | 7.46M |
| Pretax Margin % | -5.6% | -9.15% | -6.85% | -1.2% | -0.05% | -1.71% | -0.27% | -3.6% | -1.8% | 1% | -0.26% | -1.11% | -2.45% | -6.12% | -12.14% | -5.09% | -0.65% | 2.52% | -18.72% | -1.9% | 3.37% | 11.15% | 18.35% |
| Income Tax | -1.25M | 362K | 267K | 145K | 632K | 351K | 307K | 21.44M | -329K | -21.54M | -199K | -811K | 138K | 43K | -937K | -1.51M | 12.22M | 3.12M | -11.82M | 538K | 550K | -163K | 328K |
| Effective Tax Rate % | 4.34% | -0.72% | -0.66% | -1.79% | -198.12% | -3.51% | -25.46% | -212.02% | 6.31% | -709.95% | 24.81% | 25.07% | -1.99% | -0.28% | 2.54% | 9.08% | -715.34% | 70.34% | 41.15% | -17.59% | 13.59% | -2.45% | 4.4% |
| Net Income | -27.61M | -50.44M | -40.6M | -8.22M | -951K | -10.34M | -1.51M | -31.55M | -4.89M | 24.02M | 731K | -1.28M | -6.88M | -15.63M | -35.98M | -15.14M | -13.93M | 1.32M | -16.91M | -3.6M | 3.5M | 6.82M | 7.13M |
| Net Margin % | -5.35% | -9.21% | -6.89% | -1.22% | -0.14% | -1.78% | -0.34% | -11.24% | -1.69% | 7.92% | 0.24% | -0.44% | -2.43% | -6.14% | -11.83% | -4.63% | -5.31% | 0.75% | -11.02% | -2.23% | 2.91% | 11.42% | 17.54% |
| Net Income Growth % | 53.07% | -24.24% | -393.75% | -764.67% | 90.8% | -583.34% | 95.2% | -545.29% | -120.36% | 3185.23% | 157.06% | 81.38% | 56% | 56.55% | -137.68% | -8.7% | -1157.4% | 107.79% | -370% | -202.89% | -48.73% | -4.4% | - |
| Net Income (Continuing) | -27.61M | -50.44M | -40.6M | -8.22M | -951K | -10.34M | -1.51M | -31.55M | -4.89M | 24.57M | 2.97M | -136K | -7.09M | -15.63M | -35.98M | -15.14M | -13.93M | 1.32M | -16.91M | -3.6M | 3.5M | 6.82M | 7.13M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -559K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 469K | 1.8M | 2.95M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 10K | 0 |
| EPS (Diluted) | -3.64 | -8.20 | -7.10 | -1.50 | -0.18 | -2.00 | -0.37 | -8.80 | -1.40 | 6.20 | -0.80 | -0.38 | -2.10 | -4.80 | -11.70 | -5.00 | -4.60 | 0.40 | -5.70 | -1.30 | 1.70 | 5.20 | 5.40 |
| EPS Growth % | 59.91% | -15.49% | -373.33% | -733.33% | 91% | -440.54% | 95.75% | -528.57% | -122.58% | 875% | -112.2% | 82.05% | 56.25% | 58.97% | -134% | -8.7% | -1250% | 107.02% | -338.46% | -176.47% | -67.31% | -3.7% | - |
| EPS (Basic) | - | -8.20 | -7.10 | -1.50 | -0.18 | -2.00 | -0.37 | -8.80 | -1.40 | 6.90 | -0.80 | -0.38 | -2.10 | -4.80 | -11.70 | -5.00 | -4.60 | 0.40 | -5.70 | -1.30 | 2.40 | 5.20 | 5.40 |
| Diluted Shares Outstanding | 7.58M | 6.12M | 5.7M | 5.66M | 5.41M | 5.14M | 4.23M | 3.57M | 3.49M | 3.96M | 3.62M | 3.39M | 3.35M | 3.27M | 3.08M | 3.05M | 3.03M | 3.08M | 2.98M | 2.83M | 2M | 1.32M | 1.32M |
| Basic Shares Outstanding | 7.58M | 6.12M | 5.7M | 5.66M | 5.41M | 5.14M | 4.23M | 3.57M | 3.49M | 3.52M | 3.48M | 3.39M | 3.35M | 3.27M | 3.08M | 3.05M | 3.03M | 2.99M | 2.98M | 2.83M | 1.44M | 1.32M | 1.32M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 113.86% | 78.91% |
Quick answers to the most common questions about buying PRTS stock.
For fiscal year 2025, CarParts.com, Inc. (PRTS) reported total revenue of $547.5M. This represents a 1246.7% increase compared to $40.7M in 2004.
CarParts.com, Inc. (PRTS) reported a net loss of $50.4M for the fiscal year ending 2025.
CarParts.com, Inc. (PRTS) reported an operating income of $-45.2M, resulting in an operating profit margin of -8.3%. This margin reflects the operational efficiency of the business before interest and taxes.
CarParts.com, Inc. (PRTS) generated $158.7M in gross profit for the year, representing a gross profit margin of 29.0%. This demonstrates the company's core pricing power and production efficiency.
Key Metrics
Top Statement Risk
Negative operating leverage
Metrics are mathematically derived from official filings.
Persistent Revenue Contraction Trends
As reported in recent quarterly filings, PRTS has experienced a sustained period of top-line decline, with revenue falling to $132.0 million in 2026Q1, representing a 10.5% year-over-year contraction that suggests weakening demand for DIY automotive components across its primary digital sales channels.
The consistent negative growth trajectory indicates that the company is struggling to maintain market share in an increasingly competitive e-commerce landscape. Investors should monitor whether this decline reflects a broader normalization of post-pandemic DIY repair activity or a fundamental loss of competitive positioning against larger, more diversified automotive retailers.
Structural Constraints on Gross Profitability
According to the company's income statement data, gross margins have largely stagnated in the low-30% range, with a notable outlier of 16.0% in 2025Q4, highlighting the inherent difficulty of managing high outbound freight costs for oversized collision parts in a price-sensitive market.
The inability to consistently expand gross margins suggests that the company lacks the pricing power necessary to offset rising logistics and fulfillment expenses. This margin profile appears structurally capped by the physical nature of the inventory, which necessitates significant shipping expenditures that are difficult to pass on to the end consumer.
Operating Leverage Remains Deeply Negative
Based on reported figures, PRTS continues to struggle with negative operating margins, which reached -11.6% in 2024Q4, indicating that the company has failed to achieve the necessary scale to cover its fixed corporate overhead and marketing expenditures during periods of declining revenue.
The persistent operating losses suggest that the current business model is not yet optimized for profitability at its existing revenue scale. Without a significant reduction in customer acquisition costs or a shift toward higher-margin private-label products, the company may continue to face challenges in achieving positive operating leverage.
Earnings Quality Impacted by SBC
Analysis of the income statement reveals that stock-based compensation remains a recurring expense, with $674,000 recorded in 2025Q4 alone, which further exacerbates the net losses already being generated by the core retail operations of the business.
The consistent reliance on stock-based compensation during periods of negative net income warrants further investigation into management's alignment with shareholder interests. Investors should consider how these non-cash charges impact the overall quality of earnings and the potential for future dilution if the company continues to rely on equity-based incentives.
Sustainability of Current Business Model
As indicated by the financial data, the company's inability to generate positive net income over the last ten quarters raises significant questions regarding the long-term viability of its current e-commerce strategy in the face of persistent revenue contraction and high variable fulfillment costs.
Short-sellers may focus on the company's cash burn and the lack of a clear path to GAAP profitability as primary risks to the investment thesis. The reliance on a high-cost logistics model for bulky items appears to be a structural disadvantage that may continue to pressure the bottom line unless management can demonstrate a successful pivot to a more efficient operating structure.