CarParts.com, Inc 10-Q for FY2026 Q3

CarParts.com, Inc. (PRTS)

10-Q 2026-10-30 For: 2026-10-03

Added on October 30, 2026

About this 10-Q

CarParts.com, Inc filed this 10-Q on October 30, 2026, covering the quarter ended October 3, 2026 (FY2026 Q3).

CarParts.com reported third-quarter 2026 net sales of $129,331, up 1.2%, and a $4,107 net loss versus $10,885, while Adjusted EBITDA improved to $1,042. YTD net sales fell 7.1%, and cash and cash equivalents were $33,779 as of October 3, 2026. AI summary

Headline figures

Quarter ended October 3, 2026, as reported in this filing, compared with the same period a year earlier where the filing states it.

Revenue: $129.33M; up 1.2% from $127.77M a year earlier
Net loss: $4.11M; compared with a net loss of $10.89M a year earlier
Diluted EPS: -$0.53; compared with -$1.87 a year earlier

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Title of each class	Trading symbol(s)	Name of each exchange on which registered
Common Stock, $0.001 par value per share	PRTS	The Nasdaq Stock Market LLC (The Nasdaq Capital Market)


Large Accelerated Filer	☐	Accelerated Filer	☐
Non-Accelerated Filer	☒	Smaller reporting company	☒
Emerging growth company	☐


		Page
	PART I. FINANCIAL INFORMATION

ITEM 1.	Financial Statements	4
	Consolidated Balance Sheets (Unaudited) at October 3, 2026 and January 3, 2026	4
	Consolidated Statements of Operations (Unaudited) for the Thirteen and Thirty-nine Weeks Ended October 3, 2026 and September 27, 2025	5
	Consolidated Statements of Stockholders’ Equity (Unaudited) for the Thirteen and Thirty-nine Weeks Ended October 3, 2026 and September 27, 2025	6
	Consolidated Statements of Cash Flows (Unaudited) for the Thirty-nine Weeks Ended October 3, 2026 and September 27, 2025	7
	Notes to Consolidated Financial Statements (Unaudited)	8
ITEM 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	16
ITEM 3.	Quantitative and Qualitative Disclosures About Market Risk	24
ITEM 4.	Controls and Procedures	25

	PART II. OTHER INFORMATION

ITEM 1.	Legal Proceedings	25
ITEM 1A.	Risk Factors	25
ITEM 2.	Unregistered Sales of Equity Securities and Use of Proceeds	49
ITEM 3.	Defaults Upon Senior Securities	50
ITEM 4.	Mine Safety Disclosures	50
ITEM 5.	Other Information	50
ITEM 6.	Exhibits	51


		October 3,		January 3,
		2026		2026
ASSETS
Current assets:
Cash and cash equivalents		$	33,779	$	25,821
Accounts receivable, net			9,859		7,061
Inventory, net			76,893		95,180
Other current assets			7,638		6,996
Total current assets			128,169		135,058
Property and equipment, net			17,428		20,191
Right-of-use - assets - operating leases, net			15,504		18,586
Right-of-use - assets - finance leases, net			5,292		7,233
Other non-current assets			5,147		3,788
Total assets		$	171,540	$	184,856
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable		$	40,261	$	44,884
Accrued expenses			23,850		24,642
Right-of-use - obligation - operating, current			4,958		4,858
Right-of-use - obligation - finance, current			2,005		2,767
Other current liabilities			4,422		4,090
Total current liabilities			75,496		81,241
Convertible notes payable			25,545		25,161
Right-of-use - obligation - operating, non-current			12,180		15,771
Right-of-use - obligation - finance, non-current			4,815		6,082
Other non-current liabilities			—		3,125
Total liabilities			118,036		131,380
Commitments and contingencies (Note 6)
Stockholders’ equity:
Common stock, $0.001 par value; 100,000 shares authorized; 8,070 and 7,005 shares issued and outstanding as of October 3, 2026 and January 3, 2026 (of which 378 are treasury stock)			8		7
Treasury stock			(11,912)		(11,912)
Additional paid-in capital			354,695		344,176
Accumulated other comprehensive income			—		1,223
Accumulated deficit			(289,287)		(280,018)
Total stockholders’ equity			53,504		53,476
Total liabilities and stockholders' equity		$	171,540	$	184,856


		Thirteen Weeks Ended						Thirty-Nine Weeks Ended
		October 3,			September 27,			October 3,			September 27,
		2026			2025			2026			2025
Net sales		$	129,331		$	127,769		$	396,932		$	427,096
Cost of sales ⁽¹⁾			86,150			85,494			265,753			287,695
Gross profit			43,181			42,275			131,179			139,401
Operating expense			46,954			52,313			141,227			177,002
Loss from operations			(3,773)			(10,038)			(10,048)			(37,601)
Other income (expense):
Other income, net			161			(203)			711			238
Interest expense			(421)			(585)			(1,242)			(1,227)
Total other expense, net			(260)			(788)			(531)			(989)
Loss before income taxes			(4,033)			(10,826)			(10,579)			(38,590)
Income tax provision (benefit)			74			59			(1,310)			289
Net loss			(4,107)			(10,885)		$	(9,269)		$	(38,879)
Net loss per share:
Basic and diluted net loss per share		$	(0.53)		$	(1.87)		$	(1.23)		$	(6.37)
Weighted-average common shares outstanding:
Shares used in computation of basic and diluted net loss per share			7,697			5,819			7,508			6,107


										Accumulated
						Additional				Other				Total
		Common Stock				Paid-in-		Treasury		Comprehensive		Accumulated		Stockholders’
		Shares		Amount		Capital		Stock		Income		Deficit		Equity
Balance, December 28, 2024		5,745		$	6	$	325,601	$	(11,912)	$	1,055	$	(229,575)	$	85,175
Net loss		—			—		—		—		—		(15,283)		(15,283)
Issuance of shares in connection with restricted stock units vesting		72			—		(396)		—		—		—		(396)
Issuance of shares in connection with BOD fees		1			—		11		—		—		—		11
Issuance of shares in connection with ESPP		11			—		96		—		—		—		96
Share-based compensation		—			—		3,166		—		—		—		3,166
Balance, March 29, 2025		5,829		$	6	$	328,479	$	(11,912)	$	1,055	$	(244,858)	$	72,770
Net loss		—			—		—		—		—		(12,711)		(12,711)
Issuance of shares in connection with restricted stock units vesting		45			—		(69)		—		—		—		(69)
Issuance of shares in connection with BOD fees		2			—		14		—		—		—		14
Share-based compensation		—			—		2,441		—		—		—		2,441
Balance, June 28, 2025		5,876		$	6	$	330,866	$	(11,912)	$	1,055	$	(257,569)	$	62,445
Net loss		—			—				—		—		(10,885)		(10,885)
Issuance of shares in connection with restricted stock units vesting		16			—		(53)		—		—		—		(53)
Issuance of shares in connection with BOD fees		2			—		15		—		—		—		15
Issuance of shares in connection with ESPP		9			—		57		—		—		—		57
Issuance of shares in connection with equity purchase agreement		1,032			1		10,732		—		—		—		10,733
Issuance costs in connection with equity purchase agreement					—		(383)		—		—		—		(383)
Share-based compensation		—			—		2,227		—		—		—		2,227
Balance, September 27, 2025		6,935		$	7	$	343,461	$	(11,912)	$	1,055	$	(268,454)	$	64,156

Balance, January 3, 2026		7,005		$	7	$	344,176	$	(11,912)	$	1,223	$	(280,018)	$	53,476
Net loss		—			—		—		—		—		(1,940)		(1,940)
Issuance of shares in connection with restricted stock units vesting		41			—		(77)		—		—		—		(77)
Issuance of shares in connection with BOD fees		2			—		12		—		—		—		12
Issuance of shares in connection with equity purchase agreement		1,000			1		7,999		—		—		—		8,000
Issuance costs in connection with equity purchase agreement		—			—		(36)		—		—		—		(36)
Share-based compensation		—			—		1,395		—		—		—		1,395
Deconsolidation from the sale of subsidiary		—			—		—		—		(1,223)		—		(1,223)
Balance, April 4, 2026		8,048		$	8	$	353,468	$	(11,912)	$	—	$	(281,958)	$	59,606
Net loss		—			—		—		—		—		(3,222)		(3,222)
Issuance of shares in connection with restricted stock units vesting		9			—		(51)		—		—		—		(51)
Issuance of shares in connection with BOD fees		1			—		12		—		—		—		12
Issuance costs in connection with equity purchase agreement		—			—		(19)		—		—		—		(19)
Share-based compensation		—			—		466		—		—		—		466
Balance, July 4, 2026		8,058		$	8	$	353,876	$	(11,912)	$	—	$	(285,180)	$	56,792
Net loss		—			—		—		—		—		(4,107)		(4,107)
Issuance of shares in connection with restricted stock units vesting		10			—		(30)		—		—		—		(30)
Issuance of shares in connection with BOD fees		2			—		12		—		—		—		12
Share-based compensation		—			—		837		—		—		—		837
Balance, October 3, 2026		8,070		$	8	$	354,695	$	(11,912)	$	—	$	(289,287)	$	53,504


			Weighted Average
			Grant Date	Aggregate
	Shares		Fair Value	Intrinsic Value
Vested and expected to vest as of January 3, 2026	573
Awarded	317
Vested	(86)
Forfeited	(126)
Awards outstanding, October 3, 2026	678	$	13.02	$	5,848
Vested and expected to vest as of October 3, 2026	583	$	13.84	$	5,035


	Thirteen Weeks Ended				Thirty-Nine Weeks Ended
	October 3, 2026		September 27, 2025		October 3, 2026		September 27, 2025
Net loss per share:
Numerator:
Net loss allocable to common shares	$	(4,107)	$	(10,885)	$	(9,269)	$	(38,879)
Denominator:
Weighted-average common shares outstanding (basic and diluted)*		7,697		5,819		7,508		6,107
Basic and diluted net loss per share*	$	(0.53)	$	(1.87)	$	(1.23)	$	(6.37)


Exhibit No.		Description
10.1	First Amendment to Loan and Security Agreement dated September 2, 2026 between the Company and First Business Specialty Finance, LLC

31.1*			Certification of the Principal Executive Officer required by Rule 13a-14(a) or 15d-14(a) of the Securities Exchange Act of 1934, as amended

31.2*			Certification of the Principal Financial Officer required by Rule 13a-14(a) or 15d-14(a) of the Securities Exchange Act of 1934, as amended

32.1**			Certification of the Chief Executive Officer required by 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

32.2**			Certification of the Interim Chief Financial Officer required by 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

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Date:	October 29, 2026	CARPARTS.COM, INC.

		By:	/s/ David Meniane
			David Meniane
			Chief Executive Officer
			(Principal Executive Officer)

		By:	/s/ Mark DiSiena
			Mark DiSiena
			Interim Chief Financial Officer
			(Principal Financial Officer)


CARPARTS.COM, INC.	FIRST BUSINESS SPECIALTY
	FINANCE, LLC

By:	By:
Its:		Ryan Jahns, Vice President –
		Account Executive II – Asset Based
		Lending


	WHITNEY AUTOMOTIVE GROUP, INC.

	By:
	Name:
	Title:

	GO FIDO, INC.

	By:
	Name:
	Title:

	AUTOMOTIVE SPECIALTY ACCESSORIES
	AND PARTS, INC.

	By:
	Name:
	Title:


	CARPARTS.COM, INC.,
	a Delaware corporation


	By:	[Do not execute; exhibit only]
	Its:

Ev Peker
	/s/ David Meniane
	David Meniane
	Chief Executive Officer
	(Principal Executive Officer)

Id meniane
	/s/ Mark DiSiena
	Mark DiSiena
	Interim Chief Financial Officer
	(Principal Financial Officer)


		Thirty-Nine Weeks Ended
		October 3,		September 27,
		2026		2025
Operating activities
Net loss		$	(9,269)	$	(38,879)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Depreciation and amortization expense			12,322		15,702
Amortization of intangible assets			25		40
Noncash interest expense			384		24
Share-based compensation expense			3,259		7,434
Stock awards issued for non-employee director service			36		40
Gain on sale of subsidiary			(2,292)		—
Amortization of deferred financing costs			419		84
Loss from disposition of assets			—		4
Loss on early lease termination			—		393
Changes in operating assets and liabilities:
Accounts receivable			(2,798)		(1,251)
Inventory			18,287		(3,930)
Other current assets			(1,042)		(113)
Other non-current assets			(1,941)		(486)
Accounts payable and accrued expenses			(5,954)		(5,151)
Other current liabilities			331		(509)
Right-of-use obligation - operating leases - current			607		(150)
Right-of-use obligation - operating leases - long-term			(893)		8
Other non-current liabilities			(1,438)		263
Net cash provided by (used in) operating activities			10,043		(26,477)
Investing activities
Additions to property and equipment			(7,553)		(6,281)
Proceeds from sale of subsidiary			300		—
Net cash used in investing activities			(7,253)		(6,281)
Financing activities
Borrowings from revolving loan payable			97		20,565
Payments made on revolving loan payable			(97)		(20,565)
Proceeds from convertible notes payable			—		25,000
Payments made on finance leases			(2,028)		(2,615)
Net proceeds from issuance of common stock for ESPP			—		154
Proceeds from issuance of common stock			8,000		10,733
Payment of issuance costs - common stock			(54)		(383)
Statutory tax withholding payment for share-based compensation			(157)		(517)


	Thirteen Weeks Ended				Thirty-Nine Weeks Ended
	October 3, 2026		September 27, 2025		October 3, 2026			September 27, 2025
Net sales	$	129,331	$	127,769		$	396,932	$	427,096
Product COGS		64,591		61,722			195,675		206,276
Freight and fuel surcharge expense		21,560		23,773			70,079		81,419
Advertising expense		17,640		17,781			53,809		65,097
Employee payroll expense		13,130		17,035			40,658		56,514
Rent and facilities expense		3,150		3,556			9,724		10,466
Depreciation and amortization		3,790		5,242			12,322		15,702
Stock compensation expense		1,016		2,289			3,259		7,434
Other segment items⁽¹⁾		8,302		6,863			20,021		22,472
Interest (income) expense, net		260		394			655		595
Net loss	$	(4,107)	$	(10,885)		$	(9,269)	$	(38,879)

Avid Meni
	/s/ Mark DiSiena
	Mark DiSiena
	Interim Chief Financial Officer