Company research
Polished.com Inc.
CIK 1810140Updated Sep 24, 2026
Name history
1847 Goedeker Inc. · through Jul 21, 2022
POLCQ price & chart
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Recent filings
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Financials
FY 2022 · USDSource
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balance sheet · annual statements
| Line item | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 384,007,000Source | 375,984,000Source | 26,216,930Source | 13,906,863Source |
| Property, Plant and Equipment, NetUSD | 5,287,000Source | 3,554,000Source | 245,948Source | 185,606Source |
| GoodwillUSD | 191,614,000Source | 191,614,000Source | 4,725,689Source | 4,603,953Source |
| Intangible Assets, Net (Excluding Goodwill)USD | — | 50,100,000Source | — | — |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 25,983,000Source | 25,724,000Source | 934,729Source | 471,308Source |
| Inventory, NetUSD | 46,203,000Source | 44,754,000Source | 5,147,241Source | 1,380,090Source |
| Assets, CurrentUSD | 134,156,000Source | 121,318,000Source | 18,240,121Source | 4,494,402Source |
| Prepaid Expense and Other Assets, CurrentUSD | 9,825,000Source | 5,980,000Source | 635,084Source | 892,796Source |
| Operating Lease, Right-of-Use AssetUSD | 12,512,000Source | 14,937,000Source | 1,578,235Source | 2,000,755Source |
| Other Assets, NoncurrentUSD | 349,000Source | 349,000Source | 45,000Source | 45,000Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 199,120,000Source | 170,381,000Source | 39,532,699Source | 17,985,080Source |
| Stockholders’ equity: | ||||
| Common Stock, Value, IssuedUSD | 11,000Source | 11,000Source | 611Source | 475Source |
| Additional Paid in CapitalUSD | 224,841,000Source | 224,648,000Source | 13,409,328Source | 1,079,179Source |
| Retained Earnings (Accumulated Deficit)USD | -37,965,000Source | -19,056,000Source | -26,725,708Source | -5,157,871Source |
| Stockholders' Equity Attributable to ParentUSD | 196,323,000Source | 205,603,000Source | — | — |
| Liabilities and EquityUSD | 384,007,000Source | 375,984,000Source | 26,216,930Source | 13,906,863Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 91,102,000Source | 105,341,000Source | 35,694,976Source | 14,125,228Source |
| Operating Lease, Liability, CurrentUSD | 3,808,000Source | 3,874,000Source | 1,127,523Source | 1,578,235Source |
| Operating Lease, Liability, NoncurrentUSD | 9,865,000Source | 12,493,000Source | — | — |
| Deferred Income Tax Liabilities, NetUSD | 5,174,000Source | 3,867,000Source | — | — |
| Additional Financial Items | ||||
| Accrued Liabilities, CurrentUSD | — | 196,000Source | — | 2,910,200Source |
| Long-term Debt, Excluding Current MaturitiesUSD | — | — | 3,283,628Source | — |
| Long-term Debt, Current MaturitiesUSD | — | 7,910,000Source | — | — |
| Long-term Debt, Excluding Current MaturitiesUSD | — | 48,559,000Source | — | — |
cash flow · annual statements
| Line item | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|
| Cash flows from operating activities: | |||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | — | 7,670,000Source | — |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation, Depletion and AmortizationUSD | 11,456,000Source | 6,557,000Source | — |
| Changes in operating assets and liabilities: | |||
| Increase (Decrease) in Accounts ReceivableUSD | — | 5,603,000Source | — |
| Deferred Income Tax Expense (Benefit)USD | -8,409,000Source | -4,908,000Source | — |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | -46,681,000Source | -18,328,000Source | — |
| Cash flows from investing activities: | |||
| Payments to Acquire Businesses, Net of Cash AcquiredUSD | — | 1,420,000Source | — |
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -1,420,000Source | -204,834,000Source | — |
| Payments to Acquire Property, Plant, and EquipmentUSD | 1,420,000Source | 1,899,000Source | — |
| Cash flows from financing activities: | |||
| Net Cash Provided by (Used in) Financing ActivitiesUSD | 34,809,000Source | 247,041,000Source | — |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | -13,292,000Source | 23,879,000Source | — |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 20,499,000Source | 33,791,000Source | — |
| Supplemental disclosure of cash flow information: | |||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 4,161,000Source | 2,394,000Source | — |
| Additional Financial Items | |||
| Share-based Payment Arrangement, ExpenseUSD | 179,000Source | 300,000Source | — |
| Amortization of Debt Issuance CostsUSD | 1,100,000Source | — | — |
| Amortization of Intangible AssetsUSD | 10,200,000Source | 6,100,000Source | 496,907Source |
| DepreciationUSD | 1,200,000Source | 400,000Source | 53,000Source |
| Other Depreciation and AmortizationUSD | — | 6,557,000Source | — |
| Derivative, Gain (Loss) on Derivative, NetUSD | — | -480,000Source | — |
| Gain (Loss) on Disposition of AssetsUSD | — | -1,437,000Source | — |
| Gain (Loss) on Sale of DerivativesUSD | 3,178,000Source | — | — |
| Gain (Loss) on Extinguishment of DebtUSD | -3,240,000Source | -1,748,000Source | — |
| General and Administrative ExpenseUSD | 24,226,000Source | 15,343,000Source | — |
| GoodwillUSD | 106,173,000Source | 191,614,000Source | 4,725,689Source |
| Goodwill, Impairment LossUSD | 18,531,000Source | — | — |
| Impairment of Intangible Assets, Finite-livedUSD | 109,140,000Source | 1,400,000Source | — |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to ParentUSD | — | 30,600,000Source | — |
| Income Tax Expense (Benefit)USD | -8,409,000Source | -4,376,000Source | 698,303Source |
| Net Income (Loss) Attributable to ParentUSD | -125,965,000Source | 7,670,000Source | — |
| Nonoperating Income (Expense)USD | -6,032,000Source | -5,026,000Source | — |
| Operating ExpensesUSD | 217,859,000Source | 71,339,000Source | — |
| Other Depreciation and AmortizationUSD | 11,500,000Source | — | — |
| Other Nonoperating Income (Expense)USD | -2,546,000Source | — | — |
| Restructuring Costs and Asset Impairment ChargesUSD | -85,441,000Source | — | — |
| Unrealized Gain (Loss) on DerivativesUSD | 3,178,000Source | — | — |
income statement · annual statements
| Line item | FY 2022 | FY 2021 |
|---|---|---|
| Total RevenueUSD | 534,474,000Source | 55,134,000Source |
| Cost of RevenueUSD | 444,957,000Source | 47,879,000Source |
| Operating Income (Loss)USD | -128,342,000Source | -14,433,000Source |
| Other Nonoperating Income (Expense)USD | -2,546,000Source | — |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | -134,374,000Source | -20,870,000Source |
| Income Tax Expense (Benefit)USD | -8,409,000Source | 698,000Source |
| Net Income (Loss) Attributable to ParentUSD | -125,965,000Source | -21,568,000Source |
| Earnings Per Share, BasicUSD per share | -1.18Source | -3.95Source |
| Earnings Per Share, DilutedUSD per share | -1.18Source | — |
| Weighted Average Number of Shares Outstanding, Basicshares | 106,436,719Source | 5,463,603Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 106,436,719Source | 5,463,603Source |
| Additional Financial Items | ||
| Amortization of Intangible AssetsUSD | 10,200,000Source | 400,000Source |
| Depreciation, Depletion and Amortization, NonproductionUSD | 11,456,000Source | 550,000Source |
| General and Administrative ExpenseUSD | 24,226,000Source | 7,901,000Source |
| Goodwill, Impairment LossUSD | 18,531,000Source | — |
| Gross ProfitUSD | 89,517,000Source | 7,255,000Source |
| Income (Loss) from Continuing Operations, Per Basic ShareUSD per share | — | -3.95Source |
| Income (Loss) from Continuing Operations, Per Diluted ShareUSD per share | — | -3.95Source |
| Interest ExpenseUSD | 3,940,000Source | 871,000Source |
| Investment Income, NetUSD | 518,000Source | 3,000Source |
| Management Fee ExpenseUSD | 300,000Source | — |
| Marketing and Advertising ExpenseUSD | 25,500,000Source | 4,900,000Source |
| Net Income (Loss) Attributable to Nonredeemable Noncontrolling InterestUSD | — | -21,568,000Source |
| Nonoperating Income (Expense)USD | -6,032,000Source | -6,437,000Source |
| Operating ExpensesUSD | 217,859,000Source | 21,688,000Source |
| Other ExpensesUSD | — | 7,000,000Source |
| Other IncomeUSD | — | 26,000Source |