ULTAUlta Beauty

Consumer discretionary · Specialty Retail · Nasdaq

Ulta Beauty, Inc. (“we,” “us,” “our,” “Ulta Beauty,” or the “Company”) is an international specialty beauty retailer and a premier beauty destination for cosmetics, fragrance, skin care products, wellness products, hair care products, and salon services. 10-K, Item 1

Employees: 65,000
Headquarters: Bolingbrook, IL
CEO: Kecia Steelman
Next results: around Dec 3, 2026

Compare with peers → Embed

RevenueFY2016–25 $12.4B+9.7% Highest in 10 years 10-K FY2025 · XBRL Net incomeFY2016–25 $1.2B−4.0% FY2024: $1.2B 10-K FY2025 · XBRL Free cash flowFY2016–25 $1.1B+10.8% FY2024: $964.1M 10-K FY2025 · XBRL Operating marginFY2016–25 12.4%−1.5 pts 13.5% in FY2016 10-K FY2025 · XBRL

What changed

10-K filed Mar 26, 2026 against Mar 27, 2025

Area	What changed	Source
Risk factors	29 new paragraphs, nothing like them in the previous 10-K	10-K Item 1A
Receivables growing faster than revenue	Receivables +32.6% vs revenue +9.7% (+22.9 pts)	10-K · XBRL
Accounting checks	9 other checks clear, 1 worth a look	10-K · XBRL
Insiders	No open-market buys in the last 90 days	Form 4
Filings	0 in the last 30 days	EDGAR

Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.

What's new, in their words

10-K filed Mar 26, 2026

Paragraphs in Risk Factors that were not in the 10-K filed 2025-03-27. Quoted as filed.

We have historically experienced and expect to continue to experience seasonal fluctuations in our net sales, operating income, and net income. A significant portion of our net sales and profits is driven by holidays, such as Valentine’s Day and Mother’s Day in the first and second quarters and the November/December holiday season in…
10-K, Item 1A

All 29 new paragraphs →

Accounting checks

latest 10-K

9 of 10 clear 1 worth a look. Checks, not verdicts.

!
Receivables growing faster than revenueReceivables +32.6% vs revenue +9.7% (+22.9 pts)
✓
Cash from operations $1.5B vs net income $1.2B (FY ending 2026-01-31)
✓
Same auditor in both 10-Ks: Ernst & Young LLP
✓
No statement of substantial doubt about going concern
✓
No 8-K item 4.02 in the last 2 years
✓
No NT 10-K or NT 10-Q in the last 2 years
✓
The same matters as last year: Loyalty Program
✓
No sentence in the 10-K concludes that controls were not effective because of a material weakness
✓
No 8-K item 2.06 in the last 2 years
✓
No 8-K item 1.03 in the last 2 years

How each check works, with sources →

In the last 30 days

All filings →

Nothing new. The most recent filings:

Aug 27, 20268-K Quarterly results 8-K item 2.02
Aug 27, 202610-Q Quarterly report (10-Q) period ended Aug 1, 2026
Aug 17, 20268-K Director or officer change, Other events 8-K items 5.02, 8.01
Jul 14, 20268-K Director or officer change, Regulation FD disclosure 8-K items 5.02, 7.01

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Work on ULTA in a spreadsheet: Excel workbook (a sheet per section, ten years by column, charts, links to the filings) · CSV. For a Google Sheet that stays up to date, paste =IMPORTDATA("https://tickdelta.com/company/ULTA/export.csv") into a cell.