Company: SVV
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001883313-25-000101
Chunk: 121

Company: Savers Value Village, Inc.
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 8
Chunk 121
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 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. Prior to the adoption of Topic 842, this expense was included within depreciation and amortization.

(4)Represents severance costs associated with executive leadership changes.

(5)Comprised of non-capitalizable expenses related to debt transactions, offering costs and acquisitions. 

(6)Represents remeasurement (gains) losses on unsettled foreign currency transactions, realized and unrealized (gains) losses on cross currency swaps and unrealized (gains) losses on forward contracts. Beginning in fiscal 2025, this line does not include realized (gains) losses on forward contracts. The impact of the change is inconsequential to prior periods, so we have not recast previous year amounts to reflect this change.

(7