Five Below (FIVE) Earnings — Q3 2025: Revenue and EPS Beat

Five Below Inc. (FIVE) — Q3 2025 Results

Revenue: $1.04 billion, up 23.06% year-over-year.

Gross profit: $351.4 million, up 36.19% YoY; cost of sales: $686.9 million, up 17.28% YoY.

Operating profit: $43.3 million (YoY change -7,246.04%); net income attributable to common shareholders: $36.5 million, up 2,063.9% YoY.

Diluted earnings per share: $0.66, compared with an estimate of $0.25, representing a clear beat.

Revenue estimate was $996 million; actual revenue of $1.04 billion exceeded that forecast.

Cash from operating activities: -$80.1 million (improved 162.01% YoY); purchases of property, plant and equipment: -$53.0 million (down 34.03% YoY).

Balance sheet snapshot: cash and cash equivalents $351 million (up 106.82% YoY); total liabilities $2.84 billion (up 10.49% YoY).

The company delivered top-line strength with revenue growth of 23% year-over-year and a notable expansion in gross profit, signaling improved product economics and mix. Earnings per share of $0.66 substantially outpaced the consensus estimate, driven by the combination of higher gross margin and the operating/net income swings reported.

Despite the profitability beat, operating income and reported percentages show large year-over-year swings, and cash flow from operations remained negative at -$80.1 million, though materially improved versus the prior year. Capital spending moderated, with purchases of property and equipment down to -$53.0 million.

On the balance sheet, the company increased its liquidity to roughly $351 million while total liabilities rose to about $2.84 billion. Overall, Five Below (FIVE) posted a revenue and earnings beat in Q3 2025, with stronger margins but continued attention needed on operating cash flow and leverage.

Five Below Inc. Insider Trading Activity

Five Below Inc. insiders have traded $FIVE stock on the open market 10 times in the past 6 months. Of those trades, 0 have been purchases and 10 have been sales.

Here’s a breakdown of recent trading of $FIVE stock by insiders over the last 6 months:

GEORGE HILL (Chief Retail Officer) has made 0 purchases and 4 sales selling 7,500 shares for an estimated $1,033,545.
ERIC M SPECTER (CAO) sold 5,500 shares for an estimated $719,214
AMIT JHUNJHUNWALA (Chief Information Officer) has made 0 purchases and 2 sales selling 1,700 shares for an estimated $212,787.
RONALD JAMES MASCIANTONIO (EVP, General Counsel) has made 0 purchases and 3 sales selling 1,476 shares for an estimated $200,959.

To track insider transactions, check out Quiver Quantitative's insider trading dashboard.

Five Below Inc. Hedge Fund Activity

We have seen 304 institutional investors add shares of Five Below Inc. stock to their portfolio, and 233 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

D. E. SHAW & CO., INC. removed 807,980 shares (-28.0%) from their portfolio in Q3 2025, for an estimated $124,994,505
FIL LTD removed 758,600 shares (-61.9%) from their portfolio in Q3 2025, for an estimated $117,355,419
JENNISON ASSOCIATES LLC added 654,763 shares (+397.5%) to their portfolio in Q3 2025, for an estimated $101,291,836
VOLORIDGE INVESTMENT MANAGEMENT, LLC removed 572,402 shares (-85.5%) from their portfolio in Q3 2025, for an estimated $88,550,589
TWO SIGMA INVESTMENTS, LP removed 543,743 shares (-57.6%) from their portfolio in Q3 2025, for an estimated $84,117,042
FULLER & THALER ASSET MANAGEMENT, INC. added 508,187 shares (+inf%) to their portfolio in Q3 2025, for an estimated $78,616,528
WELLINGTON MANAGEMENT GROUP LLP added 507,487 shares (+149.0%) to their portfolio in Q3 2025, for an estimated $78,508,238

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

Five Below Inc. Congressional Stock Trading

Members of Congress have traded $FIVE stock 4 times in the past 6 months. Of those trades, 2 have been purchases and 2 have been sales.

Here’s a breakdown of recent trading of $FIVE stock by members of Congress over the last 6 months:

REPRESENTATIVE LISA C. MCCLAIN has traded it 4 times. They made 2 purchases worth up to $30,000 on 10/30, 06/11 and 2 sales worth up to $30,000 on 10/31, 10/30.

To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard.

Five Below Inc. Analyst Ratings

Wall Street analysts have issued reports on $FIVE in the last several months. We have seen 8 firms issue buy ratings on the stock, and 1 firms issue sell ratings.

Here are some recent analyst ratings:

UBS issued a "Buy" rating on 11/28/2025
Wells Fargo issued a "Overweight" rating on 11/25/2025
JP Morgan issued a "Overweight" rating on 10/27/2025
Telsey Advisory Group issued a "Outperform" rating on 09/24/2025
Guggenheim issued a "Buy" rating on 08/29/2025
B of A Securities issued a "Underperform" rating on 08/28/2025
Goldman Sachs issued a "Buy" rating on 08/28/2025

To track analyst ratings and price targets for Five Below Inc., check out Quiver Quantitative's $FIVE forecast page.

Five Below Inc. Price Targets

Multiple analysts have issued price targets for $FIVE recently. We have seen 15 analysts offer price targets for $FIVE in the last 6 months, with a median target of $168.0.

Here are some recent targets:

David Bellinger from Mizuho set a target price of $160.0 on 12/02/2025
John Heinbockel from Guggenheim set a target price of $185.0 on 12/02/2025
Scot Ciccarelli from Truist Securities set a target price of $168.0 on 12/02/2025
Michael Lasser from UBS set a target price of $204.0 on 11/28/2025
Edward Kelly from Wells Fargo set a target price of $175.0 on 11/25/2025
Matthew Boss from JP Morgan set a target price of $186.0 on 10/27/2025
Michael Montani from Evercore ISI Group set a target price of $175.0 on 10/21/2025