Traeger Reports Deepening Losses, $74.7M Goodwill Impairment, and Stockholder Approval for Reverse Split Amid Revenue Decline
COOK is trading near its 52-week low of $0.715 (2.1% above the low).
Summary
Traeger, Inc. reported a net loss of $115.2 million for 2025, including a $74.7 million goodwill impairment, on declining revenue. Stockholders approved a reverse stock split to address NYSE listing compliance, with the stock trading near 52-week lows.
Key Events · Earnings and Guidance · COOK
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Significant Net Loss
The company reported a net loss of $115.2 million for the fiscal year ended December 31, 2025, a substantial increase from a $34.0 million net loss in 2024.
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Goodwill Fully Impaired
A non-cash goodwill impairment charge of $74.7 million was recorded in the third quarter of 2025, fully impairing the company's goodwill balance due to a sustained decrease in stock price and market capitalization.
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Revenue Decline
Total revenue decreased by 7.4% to $559.5 million in 2025, down from $604.1 million in 2024, primarily driven by lower sales of grills and accessories.
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Stockholders Approve Reverse Stock Split
On March 2, 2026, stockholders approved a reverse stock split, subject to Board approval, following a November 2025 NYSE notice regarding the stock trading below the $1.00 minimum price. The stock is currently trading near its 52-week low.
Analysis · COOK · Manufacturing
Traeger's annual report reveals a company in significant distress, marked by a substantial net loss and a full impairment of goodwill. The approval of a reverse stock split by shareholders, following a NYSE delisting notice, underscores the severe challenges the company faces in maintaining its public listing and investor confidence. While Project Gravity aims to streamline operations, the continued revenue decline and increased losses indicate that these efforts have yet to stabilize the business. Investors should be highly cautious, as the company is trading near 52-week lows, and the reverse split is a critical measure to avoid delisting, but does not address underlying operational issues.
At the time of this filing, COOK was trading at $0.73 on NYSE in the Manufacturing sector, with a market capitalization of approximately $105.5M. The 52-week trading range was $0.71 to $2.30. This filing was assessed with negative market sentiment and an importance score of 9 out of 10.