Growth Metrics

e.l.f. Beauty (ELF) Operating Expenses (2016 - 2025)

e.l.f. Beauty filings provide 11 years of Operating Expenses readings, the most recent being $280.0 million for Q4 2025.

  • On a quarterly basis, Operating Expenses rose 28.29% to $280.0 million in Q4 2025 year-over-year; TTM through Dec 2025 was $899.7 million, a 13.15% increase, with the full-year FY2025 number at $777.7 million, up 35.38% from a year prior.
  • Operating Expenses hit $280.0 million in Q4 2025 for e.l.f. Beauty, up from $231.1 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $280.0 million in Q4 2025 to a low of $50.5 million in Q3 2021.
  • Median Operating Expenses over the past 5 years was $116.6 million (2023), compared with a mean of $133.2 million.
  • Biggest five-year swings in Operating Expenses: skyrocketed 112.27% in 2023 and later dropped 8.3% in 2025.
  • e.l.f. Beauty's Operating Expenses stood at $55.4 million in 2021, then soared by 36.24% to $75.4 million in 2022, then skyrocketed by 112.27% to $160.1 million in 2023, then soared by 36.28% to $218.2 million in 2024, then rose by 28.29% to $280.0 million in 2025.
  • The last three reported values for Operating Expenses were $280.0 million (Q4 2025), $231.1 million (Q3 2025), and $195.8 million (Q2 2025) per Business Quant data.