In Q4 2024, net sales grew 30% and Adjusted EBITDA increased 33%, contributing to a full-year increase of 32% in Adjusted Net Sales and 32% Adjusted EBITDA growth.Highlights for the Year Ended 2024 as compared to the Year Ended 2023

Net sales increased 30.0% to $5,528.6 million and Adjusted Net Sales increased 32.4% to $5,528.6 million.
Gross margin and Adjusted Gross Margin increased 320 and 220 basis points, respectively.
Operating income increased 72.4% to $644.2 million. Adjusted Operating Income increased 31.5% to $839.5 million.
Net income increased 162.6% to $438.7 million. Adjusted Net Income increased 37.2% to $616.2 million.
Adjusted EBITDA increased 32.2% to $951.1 million, or 17.2% of Adjusted Net Sales.
Mark Barrocas, Chief Executive Officer, commented, “SharkNinja delivered exceptional performance throughout 2024, capping off our strongest year to date with outstanding fourth quarter results. Our proven three-pillar growth strategy continues to drive market share gains across our expanding product portfolio, fuel category expansion, and accelerate our global presence