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AI brief of an SEC Form 8-K · Crocs (CROX)

Crocs posts 2025 GAAP loss of $1.50 per share on $430M and $307M HEYDUDE impairments

Mixed Impact 4 of 5 earnings Written later

Crocs reported fourth-quarter and full-year 2025 results on February 12, 2026. Revenue fell 3.2% to $958 million in the quarter and 1.5% to $4,041 million for the year, while full-year GAAP results were hit by $430 million and $307 million impairments on the HEYDUDE trademark and goodwill, producing a diluted loss of $1.50 per share. The company guided 2026 adjusted diluted EPS to $12.88 to $13.35, versus $12.51 in 2025, which matters to shareholders because it signals expected profit growth after a year of large write-downs.

Key points

  • Q4 2025 revenue was $958 million, down 3.2%; diluted EPS was $2.03 versus $6.36, and adjusted diluted EPS was $2.29 versus $2.52.
  • Full-year 2025 revenue was $4,041 million, down 1.5%; GAAP diluted loss was $1.50 per share versus earnings of $15.88, while adjusted diluted EPS was $12.51, down 5.0%.
  • 2026 adjusted diluted EPS guidance is $12.88 to $13.35; Q1 2026 adjusted diluted EPS guidance is $2.67 to $2.77.
  • The company repurchased 6.5 million shares for $577 million in 2025 and had $747 million of authorization remaining at year-end.

The filing

CompanyCrocs (CROX)
Form8-K, current report
Filed with the SECFeb 12, 2026, 7:01 AM ET
Accession number0001334036-26-000004

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 12:57 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 12, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.