Latham Group Inc 2026年季度报告

FORM 10-Q_______________________________________________________________ ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period endedMarch 28, 2026 OR ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _ to _ Commission file number:001-40358 Latham Group, Inc. (Exact name of registrant as specified in its charter) (Registrant’s telephone number, including area code) N/A(Former name, former address and former fiscal year, if changed since last report) Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during thepreceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90days. Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T(§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerginggrowth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of theExchange Act. Large accelerated filer☐Accelerated filer☒Non-accelerated filer☐Smaller reportingcompany☐Emerging growthcompany☒ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revisedfinancial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ As of May1, 2026, 117,411,589 shares of the registrant’s common stock, $0.0001 par value, were outstanding. TABLE OF CONTENTS PART I — FINANCIAL INFORMATION3Item 1. Financial Statements3Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations23Item 3. Quantitative and Qualitative Disclosures About Market Risk33Item 4. Controls and Procedures34PART II — OTHER INFORMATION35Item 1. Legal Proceedings35Item 1A. Risk Factors35Item 5. Other Information37Item 6. Exhibits38SIGNATURES39 PART I — FINANCIAL INFORMATION Index to Condensed Consolidated Financial Statements (Unaudited) Condensed Consolidated Balance Sheets4Condensed Consolidated Statements of Operations5Condensed Consolidated Statements of Comprehensive Loss6Condensed Consolidated Statements of Stockholders’ Equity7Condensed Consolidated Statements of Cash Flows9Notes to Condensed Consolidated Financial Statements10 Latham Group, Inc.Condensed Consolidated Balance Sheets(in thousands, except share and per share data)(unaudited) Latham Group, Inc.Condensed Consolidated Statements of Operations(in thousands, except share and per share data)(unaudited) Latham Group, Inc.Condensed Consolidated Statements of Comprehensive Loss(in thousands)(unaudited) The accompanying notes are an integral part of these unaudited condensed consolidated financial statements. Latham Group, Inc.Condensed Consolidated Statements of Stockholders’ Equity(in thousands, except share amounts)(unaudited) Latham Group, Inc.Condensed Consolidated Statements of Stockholders’ Equity(in thousands, except share amounts)(unaudited) Latham Group, Inc.Condensed Consolidated Statements of Cash Flows(in thousands)(unaudited) Notes to Condensed Consolidated Financial Statements (unaudited) 1. NATURE OF THE BUSINESS Latham Group, Inc. (the “Company” or “Latham”) wholly owns Latham Pool Products, Inc. (“Latham Pool Products”), adesigner, manufacturer, and marketer of in-ground residential swimming pools in North America, Australia, and New Zealand. LathamPool Products offers a portfolio of pools and related products, including in-ground swimming pools, pool covers, and pool liners. 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The accompanying unaudited condensed consolidated financial statements and notes have been prepared in accordance withgenerally accepted accounting principles in the United States (“GAAP”). The Company’s unaudited condensed consolidated financialstatements include the accounts of the Company and its subsidiaries. All intercompany balances and transactions have been eliminatedin consolidation. Unaudited Interim Financial Information The unaudited condensed consolidated balance sheet at December31, 2025 was derived from audited financial statements butdoes not include all disclosures required by GAAP. The accompanying unaudited condensed consolidated financial statements as ofMarch28, 2026 and for the fi