# QVC Group, Inc. (QVCG) · Edgar & Edgarette company card

> QVC Group (QVCG) saw revenue fall 7.8% in FY2025 to $8.3 billion, operating margin -24.3% against a 0.3% median for catalog & mail-order houses, equity 14.1% of assets. Every figure is from the company’s own annual report filed with the SEC.

SEC CIK 1254699 · fiscal year ended 2025-12-31 · 5 audited years read · [page](https://www.pops4.com/boards/company/QVCG) · [JSON](https://www.pops4.com/boards/company/QVCG.json)

## Figures, as filed in the 10-K

| Measure | Value |
|---|---|
| Revenue | $8.3B |
| Revenue growth, 1 year | -7.8% |
| Revenue growth per year | -7.6% |
| Operating margin | -24.3% (prior year -8.6%) |
| Net margin | -26.1% |
| Operating cash flow | $419M |
| Capital spending | $132M |
| Free cash flow | $287M |
| Cash | $1.5B |
| Long-term debt | $5.0B |
| Total assets | $8.5B |
| Total equity | $1.2B |
| Equity ÷ assets | 14.1% |
| Return on equity | -181.4% |
| Dividend per share | — |
| Dividend years rising | — |

## Readings, computed from those figures

- Altman Z: -7.44 (distress zone)
- Piotroski F: 4 of 9 (middling)
- Health Harbor boat: Weathered boat · two warning signs · filed bankruptcy or receivership, late annual report notice, debt accelerated or triggered in the last 12 months; operating loss: a margin of -24.3% in FY2025
- Cash Compass: In between · no clear cash pattern yet

## Edgarette's reading

Exposure: revenue $8.3B (FY2025), total debt $5.0B. Experience: revenue down 7.8% on the year, down 7.6% a year over 4 years; operating margin -24.3%, down from -8.6%. Soundness: equity 14.1% of assets, return on equity -181.4%. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $6.9B and $8.3B next year (method v4.1: its own 4-year record of growth weighed at 50% against $1B–10B filers; across 2019–2025, 69.0% landed inside, 83.4% on the one year the method never saw). In a shock year the stress range is $6.4B to $8.9B. A statistical range, not company guidance. Against peers (24 filers, $50M+ revenue, retail-catalog & mail-order houses): operating margin -24.3% against a 0.3% median; growth -7.8% against 4.4%.

Range logged 2026-09-24, receipt fcb115543a6ae545, status open. A statistical range, not company guidance.

## Health Watch, last 12 months

- Item 1.03 Bankruptcy or receivership: 2, latest 2026-07-24 ([filing](https://www.sec.gov/Archives/edgar/data/1254699/000110465926086692/0001104659-26-086692-index.htm))
- Item NT 10-K Late annual report notice: 1, latest 2026-04-01 ([filing](https://www.sec.gov/Archives/edgar/data/1254699/000110465926037942/0001104659-26-037942-index.htm))
- Item 3.01 Exchange listing notice or transfer: 1, latest 2026-04-20 ([filing](https://www.sec.gov/Archives/edgar/data/1254699/000125469926000006/0001254699-26-000006-index.htm))
- Item 2.04 Debt accelerated or triggered: 1, latest 2026-04-17 ([filing](https://www.sec.gov/Archives/edgar/data/1254699/000110465926044600/0001104659-26-044600-index.htm))
- Item 5.02 Director or officer change: 2, latest 2026-08-27 ([filing](https://www.sec.gov/Archives/edgar/data/1254699/000110465926102177/0001104659-26-102177-index.htm))

## Recent filings

- 8-K · filed 2026-10-30 · 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1254699/000125469926000028/0001254699-26-000028-index.htm)
- 8-K · filed 2026-09-22 · 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1254699/000125469926000026/0001254699-26-000026-index.htm)
- 8-K · filed 2026-09-14 · 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1254699/000125469926000023/0001254699-26-000023-index.htm)
- S-1 · filed 2026-09-11 · [filing](https://www.sec.gov/Archives/edgar/data/1254699/000110465926107125/0001104659-26-107125-index.htm)
- 8-K · filed 2026-08-27 · 5.02 Departure or Election of Directors; Appointment of Officers · [filing](https://www.sec.gov/Archives/edgar/data/1254699/000110465926102177/0001104659-26-102177-index.htm)
- 8-K · filed 2026-08-07 · 1.01 Entry into a Material Definitive Agreement; 1.02 Termination of a Material Definitive Agreement; 2.03 Creation of a Direct Financial Obligation; 3.02 Unregistered Sales of Equity Securities; 3.03 Material Modifications to Rights of Security Holders; 5.01 Changes in Control of Registrant; 5.02 Departure or Election of Directors; Appointment of Officers; 5.03 Amendments to Articles or Bylaws; Change in Fiscal Year; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1254699/000110465926092407/0001104659-26-092407-index.htm)

## Sources

- facts: https://data.sec.gov/api/xbrl/companyfacts/CIK0001254699.json
- filings: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1254699

## Cite

POPS4, Edgar & Edgarette: QVC Group, Inc. (QVCG) company card, from the company's own SEC filings, accessed 2026-11-04, https://www.pops4.com/boards/company/QVCG. CC BY 4.0. For a figure, add the filing URL under filings or sources.

DOI https://doi.org/10.5281/zenodo.23672509 · catalog https://www.pops4.com/boards/catalog.json · Figures as filed with the SEC. Card text CC BY 4.0, POPS4.

Reporting, not investment advice. No price targets and no trading recommendations.

Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.