Steve Madden Q2 2025 net loss of $39.5 million as revenue rose 6.8% to $559.0 million
Steve Madden reported second quarter 2025 revenue of $559.0 million, up 6.8%, but a GAAP net loss attributable to the company of $39.5 million, or $0.56 per diluted share, compared with net income of $35.4 million a year earlier. The company cited new tariffs on imported goods and did not provide 2025 financial guidance, while its Board declared a $0.21 quarterly dividend.
Key points
- Revenue was $559.0 million, up from $523.6 million, with wholesale revenue down 6.4% to $360.6 million and direct-to-consumer revenue up 43.3% to $195.5 million.
- GAAP loss from operations was $40.3 million, compared with income of $46.9 million a year earlier; adjusted income from operations was $22.6 million.
- Adjusted diluted earnings per share were $0.20, compared with $0.57 a year earlier.
- No 2025 financial guidance was given due to macroeconomic uncertainty tied to tariffs; the $0.21 dividend is payable September 23, 2025 to holders of record on September 12, 2025.
The filing
Written by AI on Nov 8, 2026, 1:49 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 July 30, 2025.
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.