Motorcar Parts Of America Inc 8-K, filed Nov 9, 2026

Motorcar Parts Of America Inc (MPAA)

8-K 2026-11-09 For: 2026-11-09

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Added on November 09, 2026

About this 8-K

Motorcar Parts Of America Inc filed this 8-K on November 9, 2026.

Items reported

Item 2.02: Financial results
Item 9.01: Financial statements and exhibits

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New York	001-33861	11-2153962

(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)


2929 California Street, Torrance, CA		90503

(Address of principal executive offices)		(Zip Code)


Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock, par value $0.01 per share	MPAA	The Nasdaq Global Select Market


Exhibit No.	Description

99.1	Press Release, dated November 9, 2026

104	Cover Page Interactive Data File (embedded within the Inline XBRL document).


	MOTORCAR PARTS OF AMERICA, INC.

Date: November 9, 2026	/s/ David Lee
	David Lee
	Chief Financial Officer


	Three Months Ended September 30,							Six Months Ended September 30,
	Three Months Ended September 30,							Six Months Ended September 30,
			2026			2025				2026			2025

Net sales		$	169,217,000		$	221,470,000			$	337,238,000		$	409,834,000
Cost of goods sold			128,270,000			178,743,000				269,117,000			333,190,000
Gross profit			40,947,000			42,727,000				68,121,000			76,644,000
Operating expenses:
General and administrative			18,234,000			17,086,000				33,751,000			29,766,000
Sales and marketing			6,642,000			6,811,000				13,188,000			13,021,000
Research and development			3,091,000			3,928,000				6,267,000			7,234,000
Foreign exchange impact of lease liabilities and forward contracts			3,011,000			(1,469,000	)			1,414,000			(9,817,000	)
Total operating expenses			30,978,000			26,356,000				54,620,000			40,204,000
Operating income			9,969,000			16,371,000				13,501,000			36,440,000
Other expenses:
Interest expense, net			11,289,000			12,699,000				23,333,000			25,511,000
Change in fair value of compound net derivative liability			(3,240,000	)		2,260,000				(1,700,000	)		4,050,000
Total other expenses			8,049,000			14,959,000				21,633,000			29,561,000
Income (loss) before income tax expense			1,920,000			1,412,000				(8,132,000	)		6,879,000
Income tax expense			562,000			3,561,000				3,931,000			5,986,000

Net income (loss)		$	1,358,000		$	(2,149,000	)		$	(12,063,000	)	$	893,000

Basic net income (loss) per share		$	0.07		$	(0.11	)		$	(0.64	)	$	0.05

Diluted net (loss) income per share		$	(0.03	)	$	(0.11	)		$	(0.64	)	$	0.04

Weighted average number of shares outstanding:

Basic			18,942,932			19,366,633				18,932,989			19,367,840

Diluted			22,486,639			19,366,633				18,932,989			20,194,954


		September 30, 2026		March 31, 2026
ASSETS		(Unaudited)
Current assets:
Cash and cash equivalents	$	20,770,000	$	14,650,000
Short-term investments		2,277,000		2,028,000
Accounts receivable — net		79,981,000		112,614,000
Inventory — net		415,049,000		397,041,000
Contract assets		40,033,000		34,552,000
Prepaid expenses and other current assets		25,162,000		23,097,000
Total current assets		583,272,000		583,982,000
Plant and equipment — net		27,427,000		30,739,000
Operating lease assets		60,672,000		63,103,000
Long-term deferred income taxes		4,413,000		4,039,000
Long-term contract assets		347,874,000		331,221,000
Goodwill and intangible assets — net		7,205,000		3,440,000
Other assets		3,009,000		2,913,000
TOTAL ASSETS	$	1,033,872,000	$	1,019,437,000
LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
Accounts payable and accrued liabilities	$	174,321,000	$	200,499,000
Customer finished goods returns accrual		33,810,000		29,923,000
Contract liabilities		52,982,000		61,201,000
Revolving loan		126,595,000		94,668,000
Other current liabilities		6,299,000		4,348,000
Operating lease liabilities		9,535,000		8,957,000
Total current liabilities		403,542,000		399,596,000
Convertible notes, related party		41,963,000		38,993,000
Long-term contract liabilities		269,228,000		249,108,000
Long-term deferred income taxes		83,000		425,000
Long-term operating lease liabilities		53,513,000		56,969,000
Other liabilities		7,628,000		8,336,000
Total liabilities		775,957,000		753,427,000
Commitments and contingencies
Shareholders' equity:
Preferred stock; par value $.01 per share, 5,000,000 shares authorized; none issued		-		-
Series A junior participating preferred stock; par value $.01 per share, 20,000 shares authorized; none issued		-		-
Common stock; par value $.01 per share, 50,000,000 shares authorized; 18,967,617 and 18,924,818 shares issued and outstanding at September 30, 2026 and March 31, 2026, respectively		190,000		189,000
Additional paid-in capital		229,277,000		226,709,000
Retained earnings		20,364,000		32,427,000
Accumulated other comprehensive income		8,084,000		6,685,000
Total shareholders' equity		257,915,000		266,010,000
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$	1,033,872,000	$	1,019,437,000


Items Impacting Net Income for the Three Months Ended September 30, 2026 and 2025	Exhibit 1



	Three Months Ended September 30,
	2026							2025
		$			Per Diluted Share			$			Per Diluted Share
GAAP net income (loss)	$	1,358,000		$	(0.03	)	$	(2,149,000	)	$	(0.11	)

Non-cash items impacting net income
Core and finished goods premium amortization	$	3,544,000		$	0.16		$	2,988,000		$	0.15
Revaluation - cores on customers' shelves		1,238,000			0.06			1,225,000			0.06
Share-based compensation expenses		3,451,000			0.15			1,984,000			0.10
Foreign exchange impact of lease liabilities and forward contracts		3,011,000			0.13			(1,469,000	)		(0.08	)
Gain due to realignment of inventory at customer distribution centers		-			-			(643,000	)		(0.03	)
Change in fair value of compound net derivative liability		(3,240,000	)		(0.14	)		2,260,000			0.12
Tax effect (a)		(2,001,000	)		(0.09	)		(1,586,000	)		(0.08	)
Total non-cash items impacting net income	$	6,003,000		$	0.27		$	4,759,000		$	0.25

Cash items impacting net income
IEEPA tariff refunds	$	(11,052,000	)	$	(0.49	)	$	-		$	-
Transition expenses and severance (b)		1,909,000			0.08			-			-
Net tariff costs paid for products sold before price increases were effective		-			-			698,000			0.04
Tax effect (a)		2,286,000			0.10			(175,000	)		(0.01	)
Total cash items impacting net income	$	(6,857,000	)	$	(0.30	)	$	523,000		$	0.03


Items Impacting Net Income for the Six Months Ended September 30, 2026 and 2025	Exhibit 2


	Six Months Ended September 30,
	2026							2025
		$			Per Diluted Share			$			Per Diluted Share
GAAP net (loss) income	$	(12,063,000	)	$	(0.64	)	$	893,000		$	0.04

Non-cash items impacting net income
Core and finished goods premium amortization	$	6,950,000		$	0.37		$	5,835,000		$	0.29
Revaluation - cores on customers' shelves		1,943,000			0.10			2,251,000			0.11
Share-based compensation expenses		5,589,000			0.30			2,930,000			0.15
Foreign exchange impact of lease liabilities and forward contracts		1,414,000			0.07			(9,817,000	)		(0.49	)
Gain due to realignment of inventory at customer distribution centers		-			-			(643,000	)		(0.03	)
Change in fair value of compound net derivative liability		(1,700,000	)		(0.09	)		4,050,000			0.20
Tax effect (a)		(3,549,000	)		(0.19	)		(1,152,000	)		(0.06	)
Total non-cash items impacting net income	$	10,647,000		$	0.56		$	3,454,000		$	0.17

Cash items impacting net income
IEEPA tariff refunds	$	(11,052,000	)	$	(0.58	)	$	-		$	-
Transition expenses and severance (b)		4,923,000			0.26			-			-
Net tariff costs paid for products sold before price increases were effective		-			-			2,124,000			0.11
Tax effect (a)		1,532,000			0.08			(531,000	)		(0.03	)
Total cash items impacting net income	$	(4,597,000	)	$	(0.24	)	$	1,593,000		$	0.08


	Three Months Ended September 30,
		2026						2025
			$		Gross Margin			$		Gross Margin
GAAP gross profit		$	40,947,000		24.2	%	$	42,727,000		19.3	%

Non-cash items impacting gross profit
Core and finished goods premium amortization		$	3,544,000		2.1	%	$	2,988,000		1.3	%
Revaluation - cores on customers' shelves			1,238,000		0.7	%		1,225,000		0.6	%
Gain due to realignment of inventory at customer distribution centers (a)			-		-			(643,000	)	1.1	%
Total non-cash items impacting gross profit		$	4,782,000		2.8	%	$	3,570,000		3.0	%

Cash items impacting gross profit
IEEPA tariff refunds		$	(11,052,000	)	-6.5	%	$	-		-
Transition expenses and severance			1,358,000		0.8	%		-		-
Net tariff costs paid for products sold before price increases were effective			-		-			698,000		0.3	%
Total cash items impacting gross profit		$	(9,694,000	)	-5.7	%	$	698,000		0.3	%


	Three Months Ended September 30,							Six Months Ended September 30,
			2026			2025				2026			2025
GAAP net income (loss)		$	1,358,000		$	(2,149,000	)		$	(12,063,000	)	$	893,000
Interest expense, net			11,289,000			12,699,000				23,333,000			25,511,000
Income tax expense			562,000			3,561,000				3,931,000			5,986,000
Depreciation and amortization			2,215,000			2,373,000				4,485,000			4,822,000
EBITDA		$	15,424,000		$	16,484,000			$	19,686,000		$	37,212,000

Non-cash items impacting EBITDA
Core and finished goods premium amortization		$	3,544,000		$	2,988,000			$	6,950,000		$	5,835,000
Revaluation - cores on customers' shelves			1,238,000			1,225,000				1,943,000			2,251,000
Share-based compensation expenses			3,451,000			1,984,000				5,589,000			2,930,000
Foreign exchange impact of lease liabilities and forward contracts			3,011,000			(1,469,000	)			1,414,000			(9,817,000	)
Gain due to realignment of inventory at customer distribution centers			-			(643,000	)			-			(643,000	)
Change in fair value of compound net derivative liability			(3,240,000	)		2,260,000				(1,700,000	)		4,050,000
Total non-cash items impacting EBITDA		$	8,004,000		$	6,345,000			$	14,196,000		$	4,606,000

Cash items impacting EBITDA
IEEPA tariff refunds			(11,052,000	)		-				(11,052,000	)		-
Transition expenses and severance			1,909,000			-				4,923,000			-
Net tariff costs paid for products sold before price increases were effective			-			698,000				-			2,124,000
Total cash items impacting EBITDA		$	(9,143,000	)	$	698,000			$	(6,129,000	)	$	2,124,000