# TILE SHOP HOLDINGS, INC. (TTSH) · Edgar & Edgarette company card

> Tile Shop Holdings (TTSH) saw revenue fall 3.0% in FY2025 to $337 million, operating margin -1.7%, equity 28.9% of assets, and dividend per share up 1 year running. Every figure is from the company’s own annual report filed with the SEC.

SEC CIK 1552800 · fiscal year ended 2025-12-31 · 5 audited years read · [page](https://www.pops4.com/boards/company/TTSH) · [JSON](https://www.pops4.com/boards/company/TTSH.json)

## Figures, as filed in the 10-K

| Measure | Value |
|---|---|
| Revenue | $337M |
| Revenue growth, 1 year | -3.0% |
| Revenue growth per year | -2.4% |
| Operating margin | -1.7% (prior year 1.0%) |
| Net margin | -1.3% |
| Operating cash flow | $6M |
| Capital spending | $10M |
| Free cash flow | −$4M |
| Cash | $10M |
| Long-term debt | $25M |
| Total assets | $302M |
| Total equity | $87M |
| Equity ÷ assets | 28.9% |
| Return on equity | -5.2% |
| Dividend per share | $0.65 |
| Dividend years rising | 1 |

## Readings, computed from those figures

- Altman Z: 0.91 (distress zone)
- Piotroski F: 4 of 9 (middling)
- Beneish M: -2.64 (below the −1.78 line)
- Health Harbor boat: Weathered boat · two warning signs · operating loss: a margin of -1.7% in FY2025; free cash flow was negative: capital spending outran operating cash (-$3.8M in FY2025)
- Cash Compass: In between · no clear cash pattern yet

## Edgarette's reading

Exposure: revenue $336.8M (FY2025), total debt $25.0M. Experience: revenue down 3.0% on the year, down 2.4% a year over 4 years; operating margin -1.7%, down from 1.0%. Soundness: equity 28.9% of assets, return on equity -5.2%, dividend per share up 1 year running. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $275.7M and $363.8M next year (method v4.1: its own 4-year record of growth weighed at 50% against $100M–1B 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 $257.0M to $391.3M. A statistical range, not company guidance.

Range logged 2026-11-01, receipt 53689c2536dadafe, status open. A statistical range, not company guidance.

## Health Watch, last 12 months

- Item 3.01 Exchange listing notice or transfer: 2, latest 2025-12-15 ([filing](https://www.sec.gov/Archives/edgar/data/1552800/000114036125045538/0001140361-25-045538-index.htm))

## Recent filings

- 10-K · filed 2026-02-26 · [filing](https://www.sec.gov/Archives/edgar/data/1552800/000155280026000006/0001552800-26-000006-index.htm)
- 8-K · filed 2025-12-29 · 8.01 Other Events · [filing](https://www.sec.gov/Archives/edgar/data/1552800/000114036125046671/0001140361-25-046671-index.htm)
- 8-K · filed 2025-12-15 · 3.01 Notice of Delisting or Failure to Satisfy a Listing Rule; 5.03 Amendments to Articles or Bylaws; Change in Fiscal Year; 8.01 Other Events; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1552800/000114036125045538/0001140361-25-045538-index.htm)
- 8-K · filed 2025-12-03 · 1.01 Entry into a Material Definitive Agreement; 3.01 Notice of Delisting or Failure to Satisfy a Listing Rule; 5.03 Amendments to Articles or Bylaws; Change in Fiscal Year; 5.07 Submission of Matters to a Vote of Security Holders; 8.01 Other Events; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1552800/000114036125044210/0001140361-25-044210-index.htm)
- DEF 14A · filed 2025-11-05 · [filing](https://www.sec.gov/Archives/edgar/data/1552800/000114036125040554/0001140361-25-040554-index.htm)
- 10-Q · filed 2025-11-04 · [filing](https://www.sec.gov/Archives/edgar/data/1552800/000155280025000019/0001552800-25-000019-index.htm)

## Sources

- facts: https://data.sec.gov/api/xbrl/companyfacts/CIK0001552800.json
- filings: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1552800

## Cite

POPS4, Edgar & Edgarette: TILE SHOP HOLDINGS, INC. (TTSH) company card, from the company's own SEC filings, accessed 2026-11-04, https://www.pops4.com/boards/company/TTSH. 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.