InsiderClue
Stocks · Consumer discretionary · Retail-Food Stores

Krispy Kreme, Inc.

DNUT Clue Score24
United States CIK 0001857154
$2.96 -1.66% Close, 9 Oct 2026
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Price $2.96 −78.81% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 1 Jul 2021. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2019Revenue959.4Operating income38.0Net income−37.4EPS, diluted−0.30Fiscal year 2021Revenue1,122.0 +17.0%Operating income4.3Net income−64.3EPS, diluted−0.52Fiscal year 2022Revenue1,384.4 +23.4%Operating income41.1Net income−24.5EPS, diluted−0.18Fiscal year 2023Revenue1,529.9 +10.5%Operating income29.0Net income−15.6EPS, diluted−0.10Fiscal year 2023Revenue1,686.1 +10.2%Operating income13.1Net income−37.9EPS, diluted−0.23Fiscal year 2024Revenue1,665.4 −1.2%Operating income−8.7Net income3.1EPS, diluted0.02Fiscal year 2025Revenue1,522.6 −8.6%Operating income−469.3Net income−515.8 −16,764.5%EPS, diluted−3.04 −15,300.0%
FY2019FY2021FY2022FY2023FY2023FY2024FY2025
Revenue 959.4 1,122.0 1,384.4 1,529.9 1,686.1 1,665.4 1,522.6
Growth +17.0% +23.4% +10.5% +10.2% −1.2% −8.6%
Operating income 38.0 4.3 41.1 29.0 13.1 −8.7 −469.3
Net income −37.4 −64.3 −24.5 −15.6 −37.9 3.1 −515.8
Growth −16,764.5%
EPS, diluted −0.30 −0.52 −0.18 −0.10 −0.23 0.02 −3.04
Growth −15,300.0%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Operating marginNet margin
Fiscal year 2019Operating margin4.0%Net margin−3.9%Free cash flow margin0.5%Fiscal year 2021Operating margin0.4%Net margin−5.7%Free cash flow margin−6.2%Fiscal year 2022Operating margin3.0%Net margin−1.8%Free cash flow margin1.6%Fiscal year 2023Operating margin1.9%Net margin−1.0%Free cash flow margin1.8%Fiscal year 2023Operating margin0.8%Net margin−2.2%Free cash flow margin−4.5%Fiscal year 2024Operating margin−0.5%Net margin0.2%Free cash flow margin−4.5%Fiscal year 2025Operating margin−30.8%Net margin−33.9%Free cash flow margin−4.2%
FY2019FY2021FY2022FY2023FY2023FY2024FY2025
Operating margin 4.0% 0.4% 3.0% 1.9% 0.8% −0.5% −30.8%
Net margin −3.9% −5.7% −1.8% −1.0% −2.2% 0.2% −33.9%
Free cash flow margin 0.5% −6.2% 1.6% 1.8% −4.5% −4.5% −4.2%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2019Operating cash flow80.8Capital expenditure−76.4Free cash flow4.4Buybacks0.0Dividends paid−2.6Fiscal year 2021Operating cash flow28.7Capital expenditure−97.8Free cash flow−69.2 −1,657.8%Buybacks0.0Dividends paid−0.0Fiscal year 2022Operating cash flow141.2Capital expenditure−119.5Free cash flow21.7Buybacks−139.1Dividends paid−48.2Fiscal year 2023Operating cash flow139.8Capital expenditure−111.7Free cash flow28.1 +29.3%Buybacks−4.0Dividends paid−23.4Fiscal year 2023Operating cash flow45.5Capital expenditure−121.4Free cash flow−75.9 −370.0%Buybacks−1.9Dividends paid−23.6Fiscal year 2024Operating cash flow45.8Capital expenditure−120.8Free cash flow−75.0Buybacks−5.5Dividends paid−23.7Fiscal year 2025Operating cash flow33.9Capital expenditure−97.9Free cash flow−64.0Buybacks−1.4Dividends paid−11.9
FY2019FY2021FY2022FY2023FY2023FY2024FY2025
Operating cash flow 80.8 28.7 141.2 139.8 45.5 45.8 33.9
Capital expenditure −76.4 −97.8 −119.5 −111.7 −121.4 −120.8 −97.9
Free cash flow 4.4 −69.2 21.7 28.1 −75.9 −75.0 −64.0
Growth −1,657.8% +29.3% −370.0%
Buybacks 0.0 0.0 −139.1 −4.0 −1.9 −5.5 −1.4
Dividends paid −2.6 −0.0 −48.2 −23.4 −23.6 −23.7 −11.9

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2019Cash35.4Shareholders’ equity883.4Fiscal year 2021Cash37.5Total debt827.1Net cash (debt)−789.6Shareholders’ equity684.7Debt to equity1.21Fiscal year 2022Cash38.6Total debt716.9Net cash (debt)−678.3Shareholders’ equity1,231.6Debt to equity0.58Fiscal year 2023Cash35.4Total debt779.1Net cash (debt)−743.7Shareholders’ equity1,196.3Debt to equity0.65Fiscal year 2023Cash38.2Total debt891.2Net cash (debt)−853.1Shareholders’ equity1,169.7Debt to equity0.76Fiscal year 2024Cash29.0Total debt900.9Net cash (debt)−871.9Shareholders’ equity1,134.5Debt to equity0.79Fiscal year 2025Cash42.4Total debt977.8Net cash (debt)−935.4Shareholders’ equity650.1Debt to equity1.50
FY2019FY2021FY2022FY2023FY2023FY2024FY2025
Cash 35.4 37.5 38.6 35.4 38.2 29.0 42.4
Total debt n/a 827.1 716.9 779.1 891.2 900.9 977.8
Net cash (debt) n/a −789.6 −678.3 −743.7 −853.1 −871.9 −935.4
Shareholders’ equity 883.4 684.7 1,231.6 1,196.3 1,169.7 1,134.5 650.1
Debt to equity n/a 1.21 0.58 0.65 0.76 0.79 1.50

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2019 29 Dec 2019 FY2021 3 Jan 2021 FY2022 2 Jan 2022 FY2023 1 Jan 2023 FY2023 31 Dec 2023 FY2024 29 Dec 2024 FY2025 28 Dec 2025
Revenue and profit
959.4 1,122.0 1,384.4 1,529.9 1,686.1 1,665.4 1,522.6
Growth +17.0% +23.4% +10.5% +10.2% −1.2% −8.6%
161.5 182.3 222.4 223.2 266.9 274.3 226.3
38.0 4.3 41.1 29.0 13.1 −8.7 −469.3
Growth −88.7% +860.3% −29.5% −54.6% −166.5%
−21.4 −51.8 −4.1 −8.2 −41.0 19.8 −544.6
12.6 9.1 10.7 0.6 −4.3 16.0 −20.8
−37.4 −64.3 −24.5 −15.6 −37.9 3.1 −515.8
Growth −16,764.5%
Per share
−0.30 −0.52 −0.18 −0.10 −0.23 0.02 −3.04
−0.30 −0.52 −0.18 −0.10 −0.23 0.02 −3.04
Growth −15,300.0%
125.0 125.0 147.7 167.5 168.3 169.3 170.9
125.0 125.0 147.7 167.5 168.3 171.5 170.9
Growth −0.0% +18.1% +13.4% +0.5% +1.9% −0.3%

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 6.3% a year over five years.
  • The diluted share count rose 36.8% in five years, which is dilution.
  • Operating margin is down 31.2 points on five years ago, at -30.8%.
  • A net loss in 6 of 7 years on file.