Company: SVV
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001883313-25-000101
Chunk: 160

Company: Savers Value Village, Inc.
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 2
Chunk 160
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 antidilutive effect.

A reconciliation of GAAP net (loss) income to Adjusted EBITDA is presented in the table below:

Thirteen Weeks EndedThirty-Nine Weeks Ended(dollars in thousands)September 27, 2025September 28, 2024September 27, 2025September 28, 2024Net (loss) income$(14,003)$21,681 $191 $30,926 Interest expense, net17,276 15,466 48,075 47,309 Income tax (benefit) expense(3,326)13,766 3,426 15,567 Depreciation and amortization18,320 17,297 58,582 52,978 Loss on extinguishment of debt (1)32,621 — 35,339 4,088 Stock-based compensation expense (2)7,210 10,328 31,175 51,107 Lease intangible asset expense (3)817 882 2,502 2,663 Executive transition costs (4)— 79 — 689 Transaction costs (5)2,085 14 3,290 2,621 Foreign currency exchange rate impacts (6)4,308 (2,443)(4,691)(547)Other adjustments (7)4,675 (1,506)3,662 (2,217)Adjusted EBITDA$69,983 $75,564 $181,551 $205,184 Net (loss) income margin(3.3)%5.5%0.0%2.7%Adjusted EBITDA margin16.4%19.1%15.0%18.1%

(1)Removes the effects of the loss on extinguishment of debt in relation to the full redemption of the Notes and repayment of all outstanding amounts under the 2021 Term Loan Facility on September 18, 2025, the partial redemption of the Notes on February 6, 2025 and March 4, 2024, and the repricing of outstanding borrowings under the 2021 Term Loan Facility on January 30, 2024.

(2)Represents non-cash stock-based compensation expense related to stock options and restricted stock units granted to certain of our employees and directors. 

(3)Represents lease expense associated with acquired lease intangibles.