Tapestry, Inc. FY 2025 10-K, explained in plain English
Key financials — as reported
| Total revenue | $7.0B |
| Gross margin | 75.4% |
| Operating income | $415.0M |
| Net income | $183.2M |
| Diluted EPS | $0.82 |
| Cash & equivalents | $1.1B |
| Total assets | $6.6B |
| Long-term debt | $2.4B |
Key takeaway
Fiscal 2025 results were dragged down by an $854.8 million impairment charge, including $244.1 million of goodwill impairment, sharply reducing operating and net income.
🔒 4 more takeaways in the full analysis
Beneath the surface
Despite $1.1 billion in cash, the company's true net debt is roughly $1.3 billion when offset against total debt of $2.413 billion (DebtInstrumentCarryingAmount), a materially more leveraged position than the cash figure alone suggests.
🔒 3 more insights a headline reader would miss
This is the free preview. The full analysis explains every line item above and includes 7 more findings — plus insider trades, activist stakes, and 8-K events for TPR.
Read the full analysis free Free account · 5 full analyses included · no card required