PRTS earnings analysis
What we found in PRTS's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
CarParts.com reported Q1 2026 results with net sales of $131.96 million, reflecting a 10.5% decline compared to the same period last year, largely attributed to rationalizing marketing expenses. The company's net loss narrowed to $1.94 million from a loss of $15.28 million a year ago, showing improvements in operating efficiency and an increase in gross margin, which reached 32.5%.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Revenue Surpassed Expectations
- Reported revenue of $131.96 million exceeded the consensus estimate of $131.37 million.
- Narrowed Net Loss
- Net loss reduced to $1.94 million or $0.03 per share, a significant improvement from $15.28 million or $0.27 per share a year ago.
- Increased Operating Efficiency
- Operating expenses decreased by 26.4% to $45.99 million, enhancing operational margins.
- Positive Adjusted EBITDA
- First positive EBITDA of $585, compared to a negative $6.23 million in Q1 2025.
- Improved Gross Margin
- Gross margin rose to 32.5%, increasing 40 basis points from 32.1% in Q1 2025.
- Cash Position Strengthened
- Cash and cash equivalents increased by $12.04 million to $37.86 million compared to $25.82 million at the beginning of the year.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Declining Revenue Trends
- Net sales decreased by 10.5% year-over-year, indicating potential difficulties in sustaining growth.
- Supply Chain Vulnerabilities
- Dependence on suppliers in Taiwan and China exposes the company to geopolitical and logistical risks.
- High Debt Levels
- Total debt decreased slightly to $33.41 million but continues to represent a burden amid operational fluctuations.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $-0.03
- Gross margin
- 32.5%
What they said about what is next.
No numeric forward guidance provided, outlook deferred to future communications.
The filing reads about the same as the one before it.
What came before.
- 10-K · March 5, 2026
- CarParts.com positions itself as a tech-enabled eCommerce destination for aftermarket automotive parts, investing in fulfillment, private-label consolidation (JC Whitney) and technology (launched the Spark AI assistant…
- 10-Q · May 13, 2025
- CarParts.com reported revenue of $147,378 for the thirteen weeks ended March 29, 2025, down from $166,289 a year earlier, with net loss widening to $15,283 and diluted loss per share of $(0.27). Operating cash flow…
- 10-Q · August 1, 2024
- CarParts.com reported Q2 net sales of $144,270 (thousands) and a GAAP net loss of $(8,687) for the 13 weeks ended June 29, 2024. Revenue declined materially vs. the prior-year quarter and the company incurred a larger…
- 10-Q · October 31, 2023
- CarParts.com reported quarterly net sales of $166,864 (thousands) and a diluted loss per share of $(0.04) for the thirteen weeks ended September 30, 2023. Revenue was roughly flat year-over-year but gross margin and…
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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