📊 COOK Key Takeaways
Investment Thesis
Traeger is experiencing severe financial distress with negative profitability across all margins (operating: -17.5%, net: -20.6%) and deteriorating fundamentals, including a 238.7% YoY decline in net income and weakening revenues (-7.4% YoY). Despite adequate liquidity metrics, the company's high leverage (2.36x debt/equity) and inability to generate operating profitability from solid gross margins (39.2%) indicate operational challenges that require immediate strategic correction.
COOK Strengths
- Healthy gross margin of 39.2% demonstrates pricing power and manufacturing efficiency
- Adequate liquidity with current ratio of 2.68x and positive free cash flow of $13.6M
- Positive operating cash flow of $20.5M suggests underlying business generates some cash despite losses
COOK Risks
- Severe operating losses (-$97.7M) and net losses (-$115.2M) with deteriorating YoY trends (238.7% decline)
- High financial leverage (2.36x debt/equity ratio) with $403.3M long-term debt creates refinancing risk given negative profitability
- Revenue contraction (-7.4% YoY) combined with inability to convert gross profit to operating income indicates significant operational inefficiencies or cost structure misalignment
- Negative interest coverage ratio (-5.8x) means company cannot service debt from operating earnings
Key Metrics to Watch
- Quarterly operating margin trend and path to profitability
- Revenue stabilization and growth trajectory
- Debt reduction progress and refinancing obligations
- Cash burn rate and runway given limited cash position ($19.6M)
COOK Financial Metrics
💡 AI Analyst Insight
The relatively thin 2.4% FCF margin may limit capital allocation flexibility. Strong liquidity with a 2.68x current ratio provides a solid financial cushion.
COOK Profitability Ratios
COOK vs Default Sector
How Traeger, Inc. compares to Default sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
COOK Balance Sheet & Liquidity
COOK 5-Year Financial Trend
5-Year Trend Summary: Traeger, Inc.'s revenue has declined by 23% over the 5-year period, indicating business contraction. The most recent EPS of $-0.68 indicates the company is currently unprofitable.
COOK Growth Metrics (YoY)
COOK Quarterly Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q3 2025 | $122.1M | -$19.8M | $-0.15 |
| Q2 2025 | $145.5M | -$2.6M | $-0.02 |
| Q1 2025 | $143.3M | -$778.0K | $-0.01 |
| Q3 2024 | $117.7M | -$19.3M | $-0.15 |
| Q2 2024 | $168.5M | -$2.6M | $-0.02 |
| Q1 2024 | $144.9M | -$4.7M | $-0.04 |
| Q3 2023 | $93.8M | -$19.3M | $-0.16 |
| Q2 2023 | $171.5M | -$30.2M | $-0.25 |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
COOK Capital Allocation
COOK SEC Filings
Access official SEC EDGAR filings for Traeger, Inc. (CIK: 0001857853)
📋 Recent SEC Filings
❓ Frequently Asked Questions about COOK
What is the AI rating for COOK?
Traeger, Inc. (COOK) has an AI rating of SELL with 85% confidence, based on fundamental analysis of SEC EDGAR filings.
What are COOK's key strengths?
Healthy gross margin of 39.2% demonstrates pricing power and manufacturing efficiency. Adequate liquidity with current ratio of 2.68x and positive free cash flow of $13.6M.
What are the risks of investing in COOK?
Severe operating losses (-$97.7M) and net losses (-$115.2M) with deteriorating YoY trends (238.7% decline). High financial leverage (2.36x debt/equity ratio) with $403.3M long-term debt creates refinancing risk given negative profitability.
What is COOK's revenue and growth?
Traeger, Inc. reported revenue of $559.5M.
Does COOK pay dividends?
Traeger, Inc. does not currently pay dividends.
Where can I find COOK SEC filings?
Official SEC filings for Traeger, Inc. (CIK: 0001857853) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is COOK's EPS?
Traeger, Inc. has a diluted EPS of $-0.87.
How is the AI analysis conducted?
Our AI (Claude) analyzes publicly available SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports to evaluate financial health, profitability ratios, balance sheet strength, and growth metrics.