GRPN Groupon, Inc.

Overview and Growth

In fiscal 2025, Groupon, Inc. recorded $498.42M of revenue, net loss of $83.52M, and an operating cash inflow of $64.50M. At $498.42M, the top line establishes the operating scale supporting the company’s profit and cash-flow profile. The top line expanded 1.2% from $492.56M in fiscal 2024, increasing the company’s operating scale. Diluted earnings per share were -$2.08, translating the period’s attributable earnings into the amount reported for each diluted share. The company employed $670.41M of total assets, the balance-sheet base supporting its current operating and cash-flow results. Revenue equaled 0.74x of total assets, indicating how much reported top-line activity the company produced relative to its period-end asset base.

Profitability

Gross profit was $452.54M, representing the portion of revenue remaining after the reported cost of revenue and before operating expenses. Gross profit represented 90.8% of revenue, showing how much of the top line remained after direct costs. The reported operating result was $23.64M, capturing profitability after direct costs and the operating expenses reflected in the statements. The operating result equaled 4.7% of revenue, placing the absolute operating-income figure in the context of the company’s sales base. The bottom-line result was a net loss of $83.52M after operating, financing, tax, and other recognized items. Measured against revenue, the bottom-line deficit represented 16.8% after all recognized items. The company reported a pretax loss of $45.46M, before the effect of income taxes. The pretax loss equaled 9.1% of revenue, measuring the pre-tax deficit against sales. The company recognized $35.62M of income tax for the period, completing the transition from pretax income to net income. The net loss equaled 12.5% of period-end assets, showing the deficit relative to the asset base.

Liquidity and Capital Structure

Total assets were $670.41M, supported by $712.80M of liabilities and -$42.39M of shareholder equity. With total equity at -$42.39M, the company carried a negative book-capital position, increasing its reliance on liabilities and future earnings. Current assets were $374.42M against $383.91M of current liabilities, framing the resources and obligations classified within the near-term balance-sheet horizon. The current ratio was 0.98x; current liabilities exceeded current assets, leaving a short-term liquidity deficit. Reported cash and equivalents were $296.08M, separating immediately recognizable cash resources from the rest of the current-asset base. The cash balance equaled 77.1% of current liabilities, showing how much near-term coverage came from cash alone. Borrowings totaled $342.85M, adding a fixed financing obligation alongside the company’s equity capital. The debt-to-assets relationship was 51.1%, comparing borrowing with the total asset balance. Relative to total assets, liabilities measured 106.3%, complementing the separate equity-based view of the company’s capital structure. Measured against total assets, cash and equivalents represented 44.2%, a balance-sheet composition measure rather than a liquidity forecast. The asset base changed 9.4% from $612.69M in fiscal 2024, leaving current total assets higher year over year. Reported equity changed 203.3% from $41.05M in fiscal 2024, placing the current capital base lower year over year.

Cash Flow and Earnings Quality

Operating activities produced a cash inflow of $64.50M, giving the cash-flow counterpart to the accrual-based profit measures reported for the year. Capital expenditures used $14.62M, identifying the reported investment outflow deducted from operating cash flow in the free-cash-flow calculation. Capital expenditures represented 22.7% of operating cash flow, leaving the remainder available as free cash flow. The combination of operating cash flow and capital spending produced $49.87M of positive free cash flow for the period. Relative to revenue, free cash flow equaled 10.0%, showing how much sales converted into cash after investment. Free cash flow equaled 7.4% of total assets, relating post-investment cash generation to the company’s resource base.

Based on the annual report for the fiscal year ending Dec 31, 2025. Analysis generated Oct 21, 2026.