Leslie's Inc

lesliespool.com

What Do They Do?

Sells pool and spa care products, equipment installation and repair, and maintenance services to residential owners, pool professionals, and commercial operators.

How Do They Make Money?

Retail shoppers generally pay when they buy; professional pool operators generally have payment terms under 60 days. Leslie’s also earns money from merchandise picked up or shipped online and from services when performed.

FY2025 revenue

Who Are Their Customers?

Leslie’s sells to residential pool and spa owners, pool service professionals, and commercial pool operators. They shop through its stores, e-commerce sites, and online marketplaces; professionals also have a dedicated PRO website.

Do Revenues Turn Into Profits?

No. It lost $237M in FY2025.

Operating income, FY2025

−14% of revenue

▼ Now a loss vs FY2024 ($57.1M, 4%)

Net income, FY2025

−19% of revenue

▲ +914% (Loss) vs FY2024 (−$23.4M, −2%)

Free cash flow, FY2025

−1% of revenue

▼ Now a loss vs FY2024 ($60.2M, 5%)

How Are They Changing?

Since the FY2025 annual report

Latest quarter: Q3 FY2026, the three months to Jul 4, 2026

Revenue: ▼ −8%; vs $500.3M in Q3 FY2025
Net income: ▲ +120%; vs $21.7M in Q3 FY2025

Oct 20, 2026 Leslie’s filed for Chapter 11 bankruptcy The company and its subsidiaries filed voluntary petitions to implement a pre-arranged reorganization plan.
Jan 30, 2026 Leslie’s replaced its independent auditor Grant Thornton was appointed, and Ernst & Young was dismissed after completing its interim review for the January quarter.

Flat. Revenue was $1.2B in FY2025, about the same as the $1.3B of FY2021.

Backyard testing subscription The latest report adds AccuBlue Home, a subscription program that lets pool and spa owners test water in their backyards, alongside the older report’s complimentary in-store testing.

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