Five Below, Inc.

fivebelow.com

What Do They Do?

Sells value-priced toys, clothing and household merchandise to children, teens and other value-oriented shoppers through stores and online.

How Do They Make Money?

FY2025 revenue

Who Are Their Customers?

Shoppers buy merchandise in Five Below stores; online customers can order through fivebelow.com and the mobile app, or use on-demand third-party delivery services.

Do Revenues Turn Into Profits?

Yes. It kept 8 cents of every revenue dollar as net income in FY2025 and turned 9 cents into free cash flow.

Operating income, FY2025

10% of revenue

▲ +41% vs FY2024 ($323.8M, 8%)

Net income, FY2025

8% of revenue

▲ +41% vs FY2024 ($253.6M, 7%)

Free cash flow, FY2025

9% of revenue

▲ +286% vs FY2024 ($106.7M, 3%)

How Are They Changing?

Since the FY2025 annual report

Latest quarter: Q2 FY2026, the three months to Aug 1, 2026

Revenue: ▲ +23%; vs $1B in Q2 FY2025
Net income: ▲ +418%; vs $42.8M in Q2 FY2025

Growing. Revenue grew 67% in 4 years, from $2.8B in FY2021 to $4.8B in FY2025, about 14% a year.

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