e.l.f. Beauty 2025年度报告

☒ANNUAL REPORT PURSUANT TO SECTION13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF1934 For thefiscal year ended March 31, 2026OR ☐TRANSITION REPORT PURSUANT TO SECTION13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF1934For the transition period fromtoCommission File Number001-37873___________________________________________________ e.l.f. Beauty, Inc. (Exact name of registrant as specified in its charter)___________________________________________________ (I.R.S. EmployerIdentification No.) (State or other jurisdiction ofincorporation or organization) 601 12th Street, 14th Floor Oakland,CA94607 (Address of principal executive offices) (Zip code) (510) 778-7787 (Registrant’s telephone number, including area code) Securities registered pursuant to Section12(b)of the Act: Nameofeachexchange onwhichregistered New York Stock Exchange Securities registered pursuant to Section12(g) of the Act:None___________________________________________________ Indicate by check mark if the registrant is not required tofile reports pursuant to Section13 or 15(d) of the Act.Yes☐No☒ Indicate by check mark whether the registrant: (1)hasfiled all reports required to befiled by Section13 or 15(d) of the Securities Exchange Act of1934 during the preceding 12months (or for such shorter period that the registrant was required tofile such reports), and (2)has been subject tosuchfiling requirements for the past 90days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant toRule405 of RegulationS-T (§232.405 of this chapter) during the preceding 12months (or for such shorter period that the registrant was required tosubmit suchfiles).Yes☒No☐ Indicate by check mark whether the registrant is a large acceleratedfiler, an acceleratedfiler, a non-acceleratedfiler, a smaller reporting company,or an emerging growth company. See the definitions of “large acceleratedfiler,” “acceleratedfiler,” “smaller reporting company,” and “emerginggrowth company” in Rule 12b-2 of the Exchange Act. Large acceleratedfiler☒Non-acceleratedfiler☐ Acceleratedfiler☐Smallerreportingcompany☐Emerging growth company☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying withany new or revisedfinancial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant hasfiled a report on and attestation to its management’s assessment of the effectiveness of itsinternal control overfinancial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accountingfirmthat prepared or issued its audit report.☒ If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether thefinancial statements of the registrant includedin thefiling reflect the correction of an error to previously issuedfinancial statements.☐ Indicated by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensationreceived by any of the registrant's executive officers during the relevant recovery period pursuant to §240.10D-1(b).☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule12b-2 of the Exchange Act).Yes☐No☒ As of September 30, 2025, the last business day of the registrant’s most recently completed secondfiscal quarter, the aggregate market value of thevoting and non-voting stock held by non-affiliates of the registrant was approximately $5.2 billion. The number of shares of registrant’s common stock outstanding as of May14, 2026 was 59,440,526 shares. DOCUMENTS INCORPORATED BY REFERENCE Portions of the registrant’s Definitive Proxy Statement relating to the registrant’s 2026 annual meeting of stockholders are incorporated by referenceinto Part III of this Annual Report on Form 10-K. Such Definitive Proxy Statement will befiled with the Securities and Exchange Commission within120 days of the registrant'sfiscal year ended March 31, 2026. e.l.f. Beauty, Inc.Table of Contents PART I Item1.BusinessItem1A.Risk factorsItem1B.Unresolved staffcommentsItem1C.CybersecurityItem2.PropertiesItem3.Legal proceedingsItem4.Mine safety disclosures PARTIIItem5. Market for registrant’s common equity, related stockholder matters and issuer purchases of equity securities46Item6.[Reserved]47Item7.Management’s discussion and analysis offinancial condition and results of operations48Item7A.Quantitative and qualitative disclosures about market risk57Item8.Financial statements and supplementary data59Item9.Changes in and disagreements with accountants on accounting andfinancial disclosure59Item9A.Controls and procedures59Item9B.Other information61Item 9C.Disclosure regarding foreign jurisdictions that prevent inspections61 PARTIII Item10.Directors, executive officers and corporate governa