elf Beauty Inc
elfbeauty.come.l.f. Beauty Inc (NYSE: ELF) is a mass cosmetics and skincare company that develops and sells beauty products under the e.l.f. Cosmetics, e.l.f. SKIN, and other brand names at accessible price points. Revenue is generated through wholesale sales to national retail customers and direct-to-consumer e-commerce. The company positions its products below prestige cosmetics on price while targeting comparable quality perception: e.l.f. Cosmetics' average US product price point is approximately $7, versus approximately $10 for other mass cosmetics brands and approximately $30 for prestige brands, according to Nielsen data cited in the FY2026 10-K. Product development follows a community-led model that draws inspiration from prestige products and brings comparable formats to market at lower prices. As of March 31, 2026, e.l.f. Beauty had 849 full-time employees. The company operates under a third-party logistics model, with distribution centers in California, Ohio, Georgia, Utah, Pennsylvania, Texas, and New Jersey serving domestic retail and e-commerce channels, and third-party logistics providers in the UK, Netherlands, Canada, and China serving international customers.
Products & Services
Mass-market cosmetics and skincare sold under the e.l.f. Cosmetics and e.l.f. SKIN brands, among others. Specific products include the e.l.f. Glow Reviver Lip Oil (priced at $9 versus a prestige comparable at $42) and the e.l.f. Cosmetics Power Grip Primer. Products are positioned as 'holy grails,' replicating prestige-tier formulations at mass price points.
Revenue Model
Wholesale to national retail customers (primary channel) and direct-to-consumer e-commerce. Revenue is transactional, driven by product unit sales across mass cosmetics and skincare categories. Seasonality is material, with net sales in the third and fourth fiscal quarters typically higher than in the first and second quarters, driven by holiday purchasing and retail shelf reset activity.
Customers & Markets
National retail customers (a limited number account for a large percentage of net sales, creating material customer concentration risk per the FY2026 10-K) and direct consumers via e-commerce. End market is mass beauty: cosmetics and skincare purchasers seeking prestige-quality products at lower price points.
Geographic Exposure
Primary operations in the United States, with international distribution through third-party logistics providers in the UK, Netherlands, Canada, and China as of the FY2026 10-K filing.
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