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POST Shark NINJA INVESTOR PRESENTATION AUGUST 2026 me around the world
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Disclaimer This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that reflect the Company’s current views with respect to, among other things, future events and its future business, financial condition, results of operations and prospects. These statements are often, but not always, made through the use of words or phrases such as “may,” “should,” “could,” “predict,” “potential,” “believe,” “will likely result,” “expect,” “continue,” “will,” “anticipate,” “seek,” “estimate,” “intend,” “plan,” “projection,” “would” and “outlook,” or the negative version of those words or phrases or other comparable words or phrases of a future or forward-looking nature. These forward-looking statements are not statements of historical fact, and are based on current expectations, estimates and projections about the Company’s industry as well as certain assumptions made by management, many of which, by their nature, are inherently uncertain and beyond the Company’s control. These forward-looking statements are subject to a number of known and unknown risks, uncertainties and assumptions, which you should consider and read carefully, including but not limited to, those described in our Annual Report on Form 10-K filed with the SEC under “Risk Factors” and “Cautionary Note Regarding Forward- Looking Statements” and other filings we make with the SEC. The Company operates in a very competitive and rapidly changing environment. New risks emerge from time to time. It is not possible for the Company to predict all risks, nor can the Company assess the impact of all factors on its business or the extent to which any factor or combination of factors may cause actual results to differ materially from those contained in any forward-looking statements it may make. In light of these risks, uncertainties and assumptions, the future events and trends discussed in this presentation, and our future levels of activity and performance, may not occur and actual results could differ materially and adversely from those described or implied in the forward-looking statements. As a result, you should not regard any of these forward-looking statements as a representation or warranty by the Company or any other person or place undue reliance on any such forward-looking statements. Any forward-looking statement speaks only as of the date on which it is made, and the Company does not undertake any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments or otherwise, except as required by law. This presentation contains non-GAAP financial measures such as Adjusted Net Sales, Adjusted Gross Profit, Adjusted Gross Profit Margin, Adjusted Operating Income, Adjusted Operating Margin, Adjusted EBITDA, Adjusted EBITDA Margin, Adjusted Net Income, and Adjusted Net Income Per Share. These measures are not prepared in accordance with generally accepted accounting principles in the United States of America (“GAAP”) and have important limitations as analytical tools. Non-GAAP financial measures are supplemental, should only be used in conjunction with results presented in accordance with GAAP and should not be considered in isolation or as a substitute for such GAAP results. This presentation includes estimates regarding market and industry data. Unless otherwise indicated, information concerning the Company’s industry and the markets in which the Company operates, including its general expectations, market position, market opportunity and market size, are based on management’s knowledge and experience in the markets in which the Company operates, together with currently available information obtained from various sources, including publicly available information, industry reports and publications, surveys, the Company’s retailers and consumers, trade and business organizations and other contacts in the markets in which it operates. Certain information is based on management estimates, which have been derived from third-party sources, as well as data from the Company’s internal research. In presenting this information, the Company has made certain assumptions that it believes to be reasonable based on such data and other similar sources and on its knowledge of, and its experience to date in, the markets in which it operates. While the Company believes the estimated market and industry data included in this presentation is reliable, such information is inherently uncertain and imprecise. Market and industry data is subject to change and may be limited by the availability of raw data, the voluntary nature of the data gathering process and other limitations inherent in any statistical survey of such data. In addition, projections, assumptions and estimates of the future performance of the markets in which the Company operates are necessarily subject to uncertainty and risk due to a variety of factors, including those described in our Annual Report on Form 10-K filed with the SEC under “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” and other filings we make with the SEC. These and other factors could cause results to differ materially from those expressed in the estimates made by third parties and by the Company. Accordingly, you are cautioned not to place undue reliance on such market and industry data or any other such estimates. This presentation contains additional trademarks, tradenames, copyrights and service marks of other companies that are the property of their respective owners. Certain amounts, percentages and other figures in this presentation have been subject to rounding adjustments. Accordingly, figures shown as totals, dollars or percentage amounts of changes may not represent the arithmetic summation or calculation of the figures that precede them. 2
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Introduction to SharkNinja Crispi Pro
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Who We Are Positively impacting people’s lives every day in every home in our global markets The people who built a consumer problem solving engine We solve consumer problems that others either do not see or are unable to solve We create five-star rated innovative lifestyle solutions for consumers in our global markets A deep portfolio of innovative products under two multi-billion dollar, global brands 1. As of December 31, 2025. 2. 2008 represents fiscal year end as of March 2008. 4 $6.4bn Net Sales1 21% Net Sales CAGR2 (2008-2025) 38 Markets1 38 Sub-categories1 5,500+ Patents1 180+ Retailers Globally1 4,000+ Employees1 6 Innovation Centers1
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$250MM $6.4Bn 2008 2025 $3.0Bn Net Sales (2025) Two Scaled, Diverse and Growing Brands 1 $3.4Bn Net Sales (2025) 7 new product sub-categories entered in the last 3 years 3 4 4 new product sub-categories entered in the last 3 years 2 4 23 Total Sub-Categories415 Total Sub-Categories4 Net Sales 5 1. Represents fiscal year end as of March 2008. 2. New product sub-categories include Carpet Extractors, Workshop Vacs, Fans and Skincare as of December 31, 2025. 3. New product sub-categories include Outdoor Ovens, Carbonation Drinks System, Drinkware, Coolers, Frozen Drinks Systems, Propane Grills and Fire Pits as of December 31, 2025. 4. As of December 31, 2025.
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Who We Serve A discerning and educated global consumer They’re the people who read the reviews and scour the ratings, delighted by new technology. They’re proud of their homes. They know value when they see it because they’ve done the research. They only trust brands that have proven their worth. People you can count on for sound advice and honest recommendations. Our consumers are much more than just buyers They’re the ambassadors of our brand 6
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What We Deliver PERFORMANCE High-performing products that exceed expectations QUALITY 5-star quality product experience SPEED First-to-market disruptive innovations VALUE Accessible prices for incredible value SharkNinja strives to deliver all four of these critical consumer value points in every innovative product we bring to market 7
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How We Do It Our competitive moat deepens over time through a relentless focus on these four key areas We are driven by our relentless pursuit of perfection 8 Unique mindset Relentless consumer focus 1 2 34 Our success is directly connected to our unique mindset, culture, and the way we think about the consumer. At each and every layer in our organization, we are relentlessly focused on understanding consumers.
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Disruptive Innovation Consumer-Centric Innovation Driven by a Global Engineering Team •1,000+ cross-functional engineers and designers 1 •Global product design team in U.S., U.K. and China •24/7 global innovation cycle •5,500+ issued patents in force globally 1 •Dynamic testing with rapid turnaround of ideas from sketch to global production •All based on decades of analyzing insights from: Analyzing consumers’ interactions with small home appliances Leveraging consumer reviews 1 25 Annual new product introduction goal 9 1. As of December 31, 2025. 20 Annual goal within existing categories
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Vietnam China Thailand Indonesia Cambodia Malaysia Global, Agile Supply Chain Our highly-efficient, scaled, and agile global supply chain enables us to deliver high-quality products with market-leading performance at compelling value •Diversified supplier network across Southeast Asia •Dual-sourcing for key products to ensure a consistent supply •Scalable supply chain capable of quickly adapting to changes in the marketplace •Direct and strong relationships with our suppliers Third party suppliers manufacture and assemble 100% of our products Diversified supply chain allowing us to nimbly adapt to policy changes, such as tariff changes Leverage existing supplier relationships to rapidly scale and enter new categories 2 10
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Development of the stories behind our products is as critical as the development of the products themselves. At SharkNinja, creative ideation, concepting, and execution accompany every step of our product design and launch process. Always-on 360 Degree Marketing3 11 Product Reviews & SeedingProduct ValidationProduct Development CONVERT RELENTLESSLYCONNECT with CULTURECOMMAND ATTENTION Marketing-First Products Leveraging key cultural moments begins with product development and infusing cultural insights into compelling product designs paves the way for consumer excitement. Influencer, Celeb, & Press Usage Collaborating with influencers, ambassadors, and editors to use, review, and capture content with our products enables meaningful storytelling that builds excitement and trust with our consumers. Quick Content Creation for Media Rapid responses to consumer reviews, social comments, or press feedback to address customer concerns or questions can be developed at speed and optimized into full funnel media.
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Omni-channel Distribution Creating Demand Fulfilling Demand Creating & fulfilling demand Our global marketing organization deploys strategies that capture the hearts and minds of consumers worldwide. We do not wait for demand to happen, we create it. We never practice retailer exclusivity. We focus on being everywhere our consumer shops. From mass retail to department stores to specialty retail, online through our own websites, leading e-commerce platforms and marketplaces. Digital & Streaming Tv Paid Social & Search Press & Influencer Affiliates & Promos National TV & Informercial Online Retail / “.com” Brick-and-Mortar Retail D2C International Available Everywhere Strategy Converting Consumer Demand Across Channels 12 4
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Our Three-Pillar Growth Strategy Our highly diversified business is powered by trusted brands, which we believe enables us to drive sustainable long-term global growth. We continuously broaden our geographic footprint and scale into new product categories and markets that reach more consumers in the constant pursuit of our mission to positively impact people’s lives every day in every home in our global markets. Our goal is to expand and strengthen relationships with our existing consumers and cultivate relationships with new consumers to drive our continued growth and profitability. GROW SHARE IN EXISTING CATEGORIES ENTER ADJACENT AND NEW CATEGORIES INTERNATIONAL EXPANSION Driving Sustainable Long-Term Global Growth 13 TAM ExpansionMore SKUsMore Retailers
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Growing Share in Our Existing Categories United States Market Share United Kingdom Market Share (2020 vs. 2025) 1 (2020 vs. 2025) 2 Our proven track record of bringing disruptive products to market and developing one consumer solution after another has allowed us to enter multiple product categories, add more retailers and enlarge the offer at current ones, driving significant growth and market share gains Share gains across geographies, taking share from competitors priced both above and below 141. Source: Circana, Retail Tracking Service, U.S. dollar sales, 52WE January 3, 2026 vs. 52WE January 2, 2021 (Upright Vacuums, Stick Vacuums, Robotic Vacuums, Bare Floor Cleaner, Traditional Blending, Single Serve Blending & Processing, Kitchen Systems, Toaster Oven, Air Fryers, Coffeemakers, Single Serve Brewing Systems, Espresso Makers). 2. Source: GfK MI Sales Tracking, Great Britain, Vacuum Cleaners, Food Preparation, Hot Air Fryers & Multi Cookers, Jan-Dec 2020 and Jan-Dec 2025, GfK Panelmarket, Sales Value GBP + more retailers + more doors + more products at existing retailers 29% 8% 26% 64% 31% 25% 59% 66% Vacuum Cleaners Food Preparation Fryers Multi Cooker 2020 2025 39% 27% 20% 29% 35% 14% 15% 5% 50% 35% 34% 39% 51% 23% 45% 14% Upright Vacuum Stick Vacuum Robot Vacuum Bare Floor Blender Toaster Oven Air Fryer Coffee 2020 2025
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Innovation in Our Existing Categories Shark TurboBlade 15 •Ninja Luxe Café marks Ninja’s entry into the super-premium espresso segment, expanding the brand beyond traditional coffee into a higher-value, design-forward category. •The platform unlocks significant growth, combining global appeal with features and aesthetics tailored to premium espresso consumers—now further enhanced through the launch of new colorways that elevate countertop presence. •Shark Facial Pro Glow extends SharkNinja’s skincare portfolio, bringing proven, premium salon-grade facial experiences into the home through a trusted, high- performance device platform. •The launch also marks SharkNinja’s first entry into skincare consumables, with proprietary topicals engineered to work in concert with the device. •Shark TurboBlade Fan extends SharkNinja’s leadership in home environment, delivering a premium, high-velocity cooling experience through differentiated blade design, powerful airflow, and precise control. •The product leverages SharkNinja’s core strengths in motor technology and engineering, enabling superior performance, efficiency, and reliability versus traditional fan solutions, while supporting premiumization within the category. Shark FacialPro Glow Ninja Luxe Café Ninja Crispi Pro •Building on the excitement generated by the 2024 Crispi launch, our first portable glass air fryer, Crispi Pro introduces a premium platform. •Designed to live on the countertop, elevate presence, and extend the Crispi clean-cooking story with professional- grade performance.
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New Sub-categories Launched in 2025 Ninja FlexFlame 16 Ninja FlexFlame Propane Grill represents Ninja’s strategic entry into full size propane cooking, expanding the brand’s outdoor portfolio beyond electric and solid-fuel solutions into a large, established, and high-frequency grilling category. The platform leverages Ninja’s core strengths in thermal engineering, control, and ease of use , enabling differentiated performance and positioning the brand to capture incremental share while broadening its outdoor cooking ecosystem. Ninja FireSide360 Ninja Fireside360 extends Ninja’s outdoor portfolio into the outdoor comfort and ambiance space , broadening the brand beyond cooking to support longer, more social, and season-extending outdoor moments. Designed around immersive, 360-degree warmth and ease of use , Fireside360 leverages Ninja’s engineering capabilities to create a distinct, non-cooking outdoor experience that provides all of the benefits of a fire pit without the smoke, combined with outdoor heating, so consumers can enjoy their outdoor spaces throughout the year.
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Expanding Within and Around the Home To more homes, more rooms, and more growth for us Shark Categories1 Ninja Categories1 •Mops •Handheld Vacuums •Upright Vacuums •Corded Stick Vacuums •Cordless Stick Vacuums •Robot Vacuums •Canister Vacuums •Hair Dryers •Air Purifiers •2-in-1 Vacuums •Hair Stylers •Carpet Extractors •Wet/Dry Vacuums •Fans •Skincare •Blenders •Food Processors •Coffee Makers •Air Fryers •Multi-Cookers •Indoor Grills •Countertop Ovens •Cookware •Toasters •Ice Cream Makers •Juicers •Cutlery •Bakeware •Electric kettles •Waffle Makers •Outdoor Grills •Outdoor Ovens •Carbonation Drink System •Drinkware •Coolers •Frozen Drink System •Fire Pits •Propane Grills 171. As of December 31, 2025.
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Entering New Geographies Our products are distributed in 38 markets and our international expansion remains a key area of strategic focus $2.1Bn Net Sales in 2025 31% Net Sales CAGR 2020 – 2025 Note: 35 markets as of December 31, 2025. 1. Defined as markets outside of North America. With the success of our direct model in the United Kingdom, we have been able to consistently leverage this model to successfully enter and meaningfully grow in new markets Direct SharkNinja Operation United States Canada Germany 2020 France 2020 Italy 2021 Spain 2021 United Kingdom 2014 18 International 1 Mexico
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$250MM $1.5Bn $6.4Bn 2008 2018 2025 1. Represents fiscal year end as of March 2008. We Are Just Getting Started 1 •Large and Expanding TAM •Deep and Widening Competitive Moat •Increasingly Diversified Product Offering •Sustainable Three-Pillar Growth Strategy GROW SHARE IN EXISTING CATEGORIES ENTER ADJACENT AND NEW CATEGORIES INTERNATIONAL EXPANSION Net Sales 19
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Net Sales Growth Contribution — Three Year Average (2023-2025) All three pillars of SharkNinja's growth strategy contribute meaningfully to net sales growth ~40% of growth Existing Categories ~20% of growth New & Adjacent ~40% of growth International Pillar Definitions: Existing – Categories launched at least 2 years prior in Domestic segment New & Adjacent – any category launched in any geography in the last 2 years International – Categories launched at least 2 years prior in International segment Note: Approximate average contribution to net sales growth over a 3-year period. Individual year contributions may vary. 20
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Growth From New Categories — Three Year Average (2023-2025) SharkNinja’s net sales growth is powered by the size and strength of our core. Our large, diversified existing businesses drive the topline, and new categories eventually mature into that core, fortifying it further Contribution to Net Sales Growth – Within Launch Year Existing Categories New Categories Launched In-Year Existing Categories New Categories Launched In-Year Note: Approximate average contribution to net sales growth over a 3-year period. Individual year contributions may vary. ~90% ~10% 21
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SharkNinja 2026 Roadmap to Lasting Success 22 Disruptive Consumer Focused Innovation: Deliver highly desired products at scale Ruthless focus on Product Cost and Avg Sell Price: Gross Margin Rate expansion is our Growth Catalyst Captivating Storytelling: Creates Consumer Demand & Ignites User Generated Content The Power of Diversification: Allows winning categories to help newer or declining categories develop or resurge Obsessed with Winning: Know more, pivot quicker, and be bolder than anyone else Manically Consumer Focused: Remember that each day we are gaining loyal consumers or losing frustrated ones Unstoppable Team Building: Build a Team of People that you would never want to compete against Play to Win Big: Approach every day with an Outrageously Extraordinary Mindset True Edge: Relentlessly pursue & maintain a lasting competitive advantage in areas that will make a difference
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Crispi Pro Financial Overview
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Our Compelling Financial Profile Robust Organic Growth Strong Margin Profile Efficient Capital Deployment Strong Free Cash Flow Profile Significant Capital Allocation Flexibility 24
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Drivers of Strong Growth Top-Line Growth Drivers Continue to rapidly innovate and take share within existing categories Continue to expand across sub-categories and adjacencies; more use occasions and more products per household Broaden our retail footprint, product offering, and international markets Gross Margin Drivers Global, agile and highly scalable manufacturing and supply chain Data-driven inventory tracking and management We believe we are well-positioned for continued growth 25
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Metric Prior FY 2026 Outlook Updated FY 2026 Outlook Net Sales +11.5% to +12.5% +16.0% to +17.0% Adjusted Net Income Per Share 1, 3, 4 $6.00 to $6.10 (+13.6% to +15.5%) $6.45 to $6.55 (+22.2% to +24.1%) Adjusted EBITDA2, 3, 4 $1,290 MM to $1,300 MM (+13.5% to +14.5%) $1,357 MM to $1,369 MM (+19.5% to +20.5%) GAAP effective tax rate ~22.0% to ~23.0% ~22.0% to ~23.0% Diluted weighted average shares outstanding ~143.0 MM ~142.5 MM Capital expenditures $190 MM to $210 MM $190 MM to $210 MM (tracking to high end) Fiscal Year 2026 Outlook as of August 5, 2026 26 1. Adjusted Net Income Per Share is defined as Adjusted Net Income divided by the diluted weighted average number of ordinary shares. We define Adjusted Net Income as net income excluding (i) share-based compensation, (ii) foreign currency gains and losses, net, (iii) amortization of certain acquired intangible assets, (iv) certain transaction-related costs, (v) certain items that we do not consider indicative of our ongoing operating performance following the separation, including the cost of sales from Product Procurement Adjustment, (vi) the impact of a voluntary product recall and (vii) the tax impact of the adjusted items. 2. We define EBITDA as net income excluding (i) interest expense, net, (ii) provision for income taxes and (iii) depreciation and amortization. We defined Adjusted EBITDA as EBITDA excluding (i) share-based compensation cost, (ii) foreign currency gains and losses, net, (iii) certain transaction-related costs, (iv) certain items that we do not consider indicative of our ongoing operating performance following the separation, including the cost of sales from our Product Procurement Adjustment, and (v) the impact of a voluntary product recall. 3. We do not provide a reconciliation of forward-looking Adjusted Net Income and Adjusted EBITDA to GAAP net income or of Adjusted Net Income Per Share to net income per share, diluted because such reconciliations are not available without unreasonable efforts. This is due to the inherent difficulty in forecasting with reasonable certainty the amounts that are necessary for such reconciliations. 4. Includes the effects of refunds associated with tariffs incurred in 2026, consistent with the treatment of the original expense, and inclusive of the Company’s current intention to reinvest back into the business to support long-term growth. Approximately $0.15 of the increase in Adjusted Net Income Per Share and $30.0 million of the increase in Adjusted EBITDA is associated with the expected net tariff refund benefit. ~$30m of the $67-69m increase in Adjusted EBITDA is associated with the expected net tariff refund benefit ~$0.15 of the $0.45 increase in Adjusted Net Income Per Share is associated with the expected net tariff refund benefit
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Capital Structure Overview ($MM) 27 Capitalization June 30, 2026 Cash and Cash Equivalents $780 Total Debt1 $719 Net Debt ($61) LTM Adjusted EBITDA (Q2 2026)2 $1,212 LTM Net Leverage (Q2 2026)3 (0.05x) 1. Consists of outstanding borrowings of $729.0 million under the term loan. 2. We define Adjusted EBITDA as EBITDA excluding (i) share-based compensation cost, (ii) certain litigation costs, (iii) foreign currency gains and losses, net, (iv) certain items that we do not consider indicative of our ongoing operating performance following the separation, including cost of sales from our Product Procurement Adjustment, and (v) the impact of a voluntary product recall. We define EBITDA as net income excluding (i) interest expense, net, (ii) provision for income taxes and (iii) depreciation and amortization. Please see the Appendix for a reconciliation of Adjusted EBITDA to Net Income, its most directly comparable GAAP financial measure. 3. LTM Net Leverage calculated as Net Debt divided by LTM Adjusted EBITDA. Please see the Appendix for a reconciliation of Adjusted EBITDA to Net Income, its most directly comparable GAAP financial measure.
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Every home in our global markets Every day more consumers around the world welcome 5-star SharkNinja products into their homes. Our mission is to positively impact people’s lives every day in every home in our global markets 28
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Crispi Pro Appendix
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30 P&L Summary ($MM, except per share amounts) Three Months Ended June 30, YoY Growth 2025 2026 Q2’25 – Q2’26 Net sales $1,445 $1,765 22.2% Adjusted Gross Profit1 $714 $860 20.4% % Adjusted Gross Margin2 49.4% 48.7% Adjusted Operating Income3 $194 $231 19.6% Adjusted EBITDA4 $223 $265 18.6% % Adjusted EBITDA Margin4 15.5% 15.0% Adjusted Net Income5 $138 $178 29.3% Adjusted Net Income Per Share6 $0.97 $1.26 29.9% 1. We define Adjusted Gross Profit as gross profit as adjusted to exclude (i) certain items that we do not consider indicative of our ongoing operating performance following the separation, including the cost of sales from the Product Procurement Adjustment and (ii) the impact of a voluntary product recall. 2. We define Adjusted Gross Margin as Adjusted Gross Profit divided by net sales. 3. We define Adjusted Operating Income as operating income excluding (i) share-based compensation, (ii) amortization of certain acquired intangible assets, (iii) certain items that we do not consider indicative of our ongoing operating performance following the separation, including cost of sales from our Product Procurement Adjustment, and (iv) the impact of a voluntary product recall. 4. We define Adjusted EBITDA as EBITDA excluding (i) share-based compensation cost, (ii) foreign currency gains and losses, net, (iii) certain items that we do not consider indicative of our ongoing operating performance following the separation, including cost of sales from our Product Procurement Adjustment, and (iv) the impact of a voluntary product recall. We define Adjusted EBITDA Margin as Adjusted EBITDA divided by net sales. 5. We define Adjusted Net Income as net income excluding (i) share-based compensation, (ii) foreign currency gains and losses, net, (iii) amortization of certain acquired intangible assets, (iv) certain items that we do not consider indicative of our ongoing operating performance following the separation, including cost of sales from our Product Procurement Adjustment, (v) the impact of a voluntary product recall, and (vi) the tax impact of the adjusted items. 6. We define Adjusted Net Income Per Share as Adjusted Net Income divided by the diluted weighted average number of ordinary shares.
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31 Adjusted Gross Profit Reconciliation | ($MM) Non-GAAP Financial Measures Three Months Ended June 30, 2025 2026 Net sales $1,445 $1,765 Cost of sales $(737) $(905) Gross profit $708 $860 Gross margin % 49.0% 48.7% Product Procurement Adjustment1 $5 - Product recall2 $1 - Adjusted Gross Profit $714 $860 Adjusted Gross Margin 49.4% 48.7% 1. Represents cost of sales incurred related to the Product Procurement Adjustment. As a result of the separation, we purchase 100% of our inventory from one of our subsidiaries, SharkNinja (Hong Kong) Company Limited (“SNHK”), and no longer purchase inventory from a purchasing office wholly owned by JS Global. Thus, the markup on all inventory purchased subsequent to the separation is completely eliminated in consolidation. In connection with the separation, we paid JS Global a sourcing service fee to provide value-added sourcing services on a transitional basis under a Sourcing Services Agreement, which ended on July 31, 2025. 2. Adjusted for gross profit impact from a voluntary product recall that was recognized during the three months ended June 30, 2025.
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Adjusted Operating Income Reconciliation | ($MM) Non-GAAP Financial Measures (Cont.) Three Months Ended June 30, 2025 2026 Operating income $169 $179 Share-based compensation1 $11 $47 Amortization of acquired intangible assets 2 $5 $5 Product Procurement Adjustment3 $5 - Product recall4 $4 - Adjusted Operating Income $194 $231 32 1. Represents non-cash expense related to awards issued from the SharkNinja equity incentive plan. 2. Represents amortization of acquired intangible assets that we do not consider normal recurring operating expenses, as the intangible assets relate to JS Global’s acquisition of our business. We exclude amortization charges for these acquisition-related intangible assets for purposes of calculating Adjusted Operating Income, although revenue is generated, in part, by these intangible assets, to eliminate the impact of these non-cash charges that are significantly impacted by the timing and valuation of JS Global’s acquisition of our business, as well as the inherent subjective nature of purchase price allocations. Of the amortization of acquired intangible assets, $0.9 million for the three months ended June 30, 2026 and 2025 was recorded to research and development expenses, and $4.0 million for the three months ended June 30, 2026 and 2025 was recorded to sales and marketing expenses. 3. Represents cost of sales incurred related to the Product Procurement Adjustment. As a result of the separation, we purchase 100% of our inventory from one of our subsidiaries, SNHK, and no longer purchase inventory from a purchasing office wholly owned by JS Global. Thus, the markup on all inventory purchased subsequent to the separation is completely eliminated in consolidation. In connection with the separation, we paid JS Global a sourcing service fee to provide value-added sourcing services on a transitional basis under a Sourcing Services Agreement, which ended on July 31, 2025. 4. Adjusted for operating income impact from a voluntary product recall that was recognized during the three months ended June 30, 2025.
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Adjusted Net Income Reconciliation | ($MM, except share and per share amounts) Non-GAAP Financial Measures (Cont.) Three Months Ended June 30, 2025 2026 Net income $140 $130 Share-based compensation1 $11 $47 Foreign currency losses (gains), net2 $(27) $6 Amortization of acquired intangible assets 3 $5 $5 Product Procurement Adjustment4 $5 - Product recall5 $4 - Tax impact of adjusting items6 $(0) $(10) Adjusted Net Income $138 $178 Net income per share, diluted $0.98 $0.92 Adjusted Net Income Per Share $0.97 $1.26 Diluted weighted-average number of shares used in computing Adjusted Net Income Per Share 141,871,399 141,507,017 33 1. Represents non-cash expense related to awards issued from the SharkNinja equity incentive plan. 2. Represents foreign currency transaction gains and losses recognized from the remeasurement of transactions that were not denominated in the local functional currency, including gains and losses related to foreign currency derivatives not designated as hedging instruments. 3. Represents amortization of acquired intangible assets that we do not consider normal recurring operating expenses, as the intangible assets relate to JS Global’s acquisition of our business. We exclude amortization charges for these acquisition-related intangible assets for purposes of calculating Adjusted Net Income, although revenue is generated, in part, by these intangible assets, to eliminate the impact of these non-cash charges that are significantly impacted by the timing and valuation of JS Global’s acquisition of our business, as well as the inherent subjective nature of purchase price allocations. Of the amortization of acquired intangible assets, $0.9 million for the three months ended June 30, 2026 and 2025 was recorded to research and development expenses, and $4.0 million for the three months ended June 30, 2026 and 2025 was recorded to sales and marketing expenses. 4. Represents cost of sales incurred related to the Product Procurement Adjustment. As a result of the separation, we purchase 100% of our inventory from one of our subsidiaries, SNHK, and no longer purchase inventory from a purchasing office wholly owned by JS Global. Thus, the markup on all inventory purchased subsequent to the separation is completely eliminated in consolidation. In connection with the separation, we paid JS Global a sourcing service fee to provide value-added sourcing services on a transitional basis under a Sourcing Services Agreement, which ended on July 31, 2025. 5. Adjusted for net income impact from a voluntary product recall that was recognized during the three months ended June 30, 2025. 6. Represents the income tax effects of the adjustments included in the reconciliation of net income to Adjusted Net Income determined using the tax rate of 22.4% for the three months ended June 30, 2026 and 23.3% for the three months ended June 30, 2025, which approximates our effective tax rate, excluding certain share-based compensation costs and separation and distribution-related costs that are not tax deductible.
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34 Adjusted EBITDA Reconciliation | ($MM) Non-GAAP Financial Measures (Cont.) Three Months Ended June 30, 2025 2026 Net income $140 $130 Interest expense, net $14 $8 Provision for income taxes $41 $34 Depreciation and amortization $35 $40 EBITDA $230 $212 Share-based compensation1 $11 $47 Foreign currency losses (gains), net2 $(27) $6 Product Procurement Adjustment3 $5 - Product recall4 $4 - Adjusted EBITDA $223 $265 Net sales $1,445 $1,765 Adjusted EBITDA Margin 15.5% 15.0% 1. Represents non-cash expense related to awards issued from the SharkNinja equity incentive plan. 2. Represents foreign currency transaction gains and losses recognized from the remeasurement of transactions that were not denominated in the local functional currency, including gains and losses related to foreign currency derivatives not designated as hedging instruments. 3. Represents cost of sales incurred related to the Product Procurement Adjustment. As a result of the separation, we purchase 100% of our inventory from one of our subsidiaries, SNHK, and no longer purchase inventory from a purchasing office wholly owned by JS Global. Thus, the markup on all inventory purchased subsequent to the separation is completely eliminated in consolidation. In connection with the separation, we paid JS Global a sourcing service fee to provide value-added sourcing services on a transitional basis under a Sourcing Services Agreement, which ended on July 31, 2025. 4. Adjusted for the Adjusted EBITDA impact from a voluntary product recall that was recognized during the three months ended June 30, 2025.