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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Sep. 30, 2024
Current assets:      
Cash and cash equivalents $ 108,722 $ 189,924 $ 139,414
Short-term Investments 140 13,484 11,064
Accounts receivable, net of allowances of $6,297, $4,670 and $4,068 91,285 45,653 56,297
Factor accounts receivable 333,198 348,659 426,408
Inventories 476,027 257,625 268,669
Prepaid expenses and other current assets 56,760 34,463 28,041
Income tax receivable and prepaid income taxes 26,582 4,887 14,950
Total current assets 1,092,714 894,695 944,843
Property and equipment, net 112,301 57,388 52,906
Operating lease right-of-use asset 220,656 139,695 148,391
Deposits and other 21,363 22,214 20,166
Deferred tax assets 1,389 610 609
Goodwill 273,836 183,737 181,905
Intangibles, net 277,268 113,432 108,308
Total Assets 1,999,527 1,411,771 1,457,128
Current liabilities:      
Accounts payable 254,346 206,889 225,586
Accrued expenses and other current liabilities 237,736 142,452 150,067
Operating leases – current portion 55,957 43,172 43,812
Income taxes payable 16,351 6,147 12,435
Contingent payment liability – current portion 3,221 0 7,716
Accrued incentive compensation 4,591 15,061 13,347
Total current liabilities 572,202 413,721 452,963
Contingent payment liability – long-term portion 15,164 7,565 11,200
Operating leases – long-term portion 190,459 109,816 118,674
Long-term debt 293,828 0 0
Deferred tax liabilities 39,867 4,628 8,777
Other liabilities 1,872 44 5,448
Total Liabilities 1,113,392 535,774 597,062
STOCKHOLDERS’ EQUITY      
Preferred stock – $0.0001 par value, 5,000 shares authorized; none issued; Series A Junior Participating preferred stock – $0.0001 par value, 60 shares authorized; none issued 0 0 0
Common stock – $0.0001 par value, 245,000 shares authorized,137,978, 137,248 and 137,221 shares issued, 72,661, 72,157 and 72,192 shares outstanding 7 7 7
Additional paid-in capital 636,556 614,381 607,511
Retained earnings 1,763,633 1,787,851 1,768,209
Accumulated other comprehensive loss (34,759) (48,291) (38,259)
Treasury stock – 65,317, 65,091 and 65,029 shares at cost (1,514,596) (1,506,229) (1,503,545)
Total Steven Madden, Ltd. stockholders’ equity 850,841 847,719 833,923
Noncontrolling interest 35,294 28,278 26,143
Total stockholders’ equity 886,135 875,997 860,066
Total Liabilities and Stockholders’ Equity $ 1,999,527 $ 1,411,771 $ 1,457,128