Culp Inc. (CULP) Financial Statements (2026 and earlier)
Company Profile
| Business Address |
410 W. ENGLISH ROAD 5TH FLOOR HIGH POINT, NC 27262 |
| State of Incorp. | NC |
| Fiscal Year End | April 30 |
| Industry (SIC) | 2211 - Broadwoven Fabric Mills, Cotton (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 10/31/2025 MRQ | 4/30/2025 | 1/31/2025 MRQ | 4/30/2024 | 4/30/2023 | 4/30/2022 | 4/30/2021 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 5,629 | 5,279 | 10,012 | 20,964 | 14,550 | 42,509 | |||
| Cash and cash equivalent | 5,629 | 5,279 | 10,012 | 20,964 | 14,550 | 37,009 | |||
| Short-term investments | 5,500 | ||||||||
| Receivables | 21,844 | 1,137 | 21,488 | 24,778 | 23,083 | 37,726 | |||
| Inventory, net of allowances, customer advances and progress billings | 49,309 | 48,599 | 44,843 | 45,080 | 66,557 | 55,917 | |||
| Inventory | 49,309 | 48,599 | 44,843 | 45,080 | 66,557 | 55,917 | |||
| Asset, held-for-sale, not part of disposal group | 2,177 | 2,214 | |||||||
| Other current assets | 2,970 | 2,619 | 3,371 | 3,071 | 2,986 | 3,852 | |||
| Other undisclosed current assets | 1,605 | 25,438 | 1,167 | 1,623 | 3,203 | ||||
| Total current assets: | 83,534 | 85,286 | 80,881 | 95,516 | 107,176 | 143,207 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 5,908 | 6,103 | 6,203 | 8,191 | 15,577 | 11,730 | |||
| Property, plant, and equipment, after accumulated depreciation, depletion, and amortization | 24,836 | 25,939 | 33,182 | 36,111 | 41,702 | 44,003 | |||
| Long-term investments and receivables | 1,141 | ||||||||
| Long-term investments | 1,141 | ||||||||
| Accounts and financing receivable, after allowance for credit loss | |||||||||
| Intangible asset, including goodwill, after accumulated amortization | 960 | 1,594 | 1,876 | 2,252 | 2,628 | 3,004 | |||
| Intangible asset, excluding goodwill, after accumulated amortization | 960 | 1,594 | 1,876 | 2,252 | 2,628 | 3,004 | |||
| Deferred income tax assets | 637 | 490 | 518 | 480 | 528 | 545 | |||
| Other noncurrent assets | 591 | 639 | 830 | 840 | 595 | 2,035 | |||
| Other undisclosed noncurrent assets | 6,904 | 7,504 | 8,564 | 8,793 | 9,357 | 8,415 | |||
| Total noncurrent assets: | 39,836 | 42,269 | 51,173 | 56,667 | 70,387 | 70,873 | |||
| TOTAL ASSETS: | 123,370 | 127,555 | 132,054 | 152,183 | 177,563 | 214,080 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 32,656 | 38,796 | 32,333 | 37,975 | 28,344 | 57,608 | |||
| Taxes payable | ✕ | ✕ | ✕ | ✕ | ✕ | 413 | 229 | ||
| Accounts payable | 27,323 | 32,717 | 25,607 | 29,442 | 20,099 | 42,540 | |||
| Accrued liabilities | 5,333 | 6,079 | 6,726 | 8,533 | 7,832 | 14,839 | |||
| Deferred revenue | 422 | 697 | 1,495 | 1,192 | 520 | 540 | |||
| Debt | 8,114 | 5,384 | |||||||
| Deferred compensation liability | 1,325 | 1,753 | 903 | 1,404 | |||||
| Other undisclosed current liabilities | 4,447 | 4,015 | 3,376 | 3,449 | 3,692 | 3,084 | |||
| Total current liabilities: | 46,964 | 50,645 | 38,107 | 44,020 | 32,556 | 61,232 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 4,600 | 7,062 | 6,821 | ||||||
| Long-term debt, excluding current maturities | 4,600 | ||||||||
| Liabilities, other than long-term debt | 14,166 | 17,260 | 17,818 | 19,083 | 18,444 | 17,021 | |||
| Accounts payable and accrued liabilities | 790 | 1,400 | 2,088 | 2,675 | 3,097 | 3,326 | |||
| Deferred compensation liability, classified | 5,686 | 6,151 | 6,929 | 6,842 | 9,343 | 8,365 | |||
| Deferred income tax liabilities | 5,155 | 6,582 | 6,379 | 5,954 | 6,004 | 5,330 | |||
| Operating lease, liability | 2,535 | 3,127 | 2,422 | 3,612 | 7,062 | 6,821 | |||
| Total noncurrent liabilities: | 18,766 | 17,260 | 17,818 | 19,083 | 25,506 | 23,842 | |||
| Total liabilities: | 65,730 | 67,905 | 55,925 | 63,103 | 58,062 | 85,074 | |||
| Equity | |||||||||
| Equity, attributable to parent | 57,640 | 59,650 | 76,129 | 89,080 | 119,501 | 129,006 | |||
| Common stock | 628 | 628 | 624 | 616 | 611 | 616 | |||
| Additional paid in capital | 45,589 | 45,461 | 45,011 | 44,250 | 43,143 | 43,807 | |||
| Accumulated other comprehensive income | 150 | 216 | 118 | 19 | 32 | 146 | |||
| Retained earnings | 11,273 | 13,345 | 30,376 | 44,195 | 75,715 | 84,437 | |||
| Total equity: | 57,640 | 59,650 | 76,129 | 89,080 | 119,501 | 129,006 | |||
| TOTAL LIABILITIES AND EQUITY: | 123,370 | 127,555 | 132,054 | 152,183 | 177,563 | 214,080 | |||
Income Statement (P&L) ($ in thousands)
| 10/31/2025 TTM | 4/30/2025 | 1/31/2025 TTM | 4/30/2024 | 4/30/2023 | 4/30/2022 | 4/30/2021 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 213,237 | 213,993 | 225,333 | 234,934 | 294,839 | 299,720 | ||
| Cost of revenue (Cost of Product and Service Sold) | (188,170) | (191,378) | (197,394) | (224,038) | (258,746) | (249,888) | ||
| Gross profit: | 25,067 | 22,615 | 27,939 | 10,896 | 36,093 | 49,832 | ||
| Operating expenses | (43,444) | (42,697) | (38,948) | (39,374) | (35,415) | (37,756) | ||
| Other undisclosed operating loss | (303) | (299) | ||||||
| Operating income (loss): | (18,377) | (20,385) | (11,308) | (28,478) | 678 | 12,076 | ||
| Nonoperating income (expense) | (103) | 562 | 1,094 | 88 | (1,118) | (1,145) | ||
| Investment income, nonoperating | 915 | 1,024 | 1,174 | 531 | 373 | 1,063 | ||
| Gain (loss), foreign currency transaction, before tax | 500 | 545 | (132) | |||||
| Other nonoperating expense | (1,018) | (962) | (625) | (443) | (1,359) | (2,208) | ||
| Interest and debt expense | (11) | (17) | (51) | |||||
| Other undisclosed income from continuing operations before equity method investments, income taxes | 132 | |||||||
| Income (loss) from continuing operations before equity method investments, income taxes: | (18,480) | (19,823) | (10,225) | (28,390) | (325) | 10,880 | ||
| Income from equity method investments | 31 | |||||||
| Other undisclosed loss from continuing operations before income taxes | (231) | (632) | (545) | |||||
| Income (loss) from continuing operations before income taxes: | (18,711) | (20,455) | (10,770) | (28,390) | (325) | 10,911 | ||
| Income tax expense | (392) | (1,441) | (3,049) | (3,130) | (2,886) | (7,693) | ||
| Income (loss) from continuing operations: | (19,103) | (21,896) | (13,819) | (31,520) | (3,211) | 3,218 | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | ✕ | (3,211) | 3,218 | |
| Net income (loss) available to common stockholders, diluted: | (19,103) | (21,896) | (13,819) | (31,520) | (3,211) | 3,218 | ||
Comprehensive Income ($ in thousands)
| 10/31/2025 TTM | 4/30/2025 | 1/31/2025 TTM | 4/30/2024 | 4/30/2023 | 4/30/2022 | 4/30/2021 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (19,103) | (21,896) | (13,819) | (31,520) | (3,211) | 3,218 | ||
| Other comprehensive income | 156 | |||||||
| Other undisclosed comprehensive income (loss) | 32 | 128 | 99 | (13) | (114) | |||
| Comprehensive income (loss), net of tax, attributable to parent: | (19,071) | (21,768) | (13,720) | (31,533) | (3,325) | 3,374 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.