Is Krispy Kreme, Inc. financially healthy?

Krispy Kreme, Inc. scores 5 out of 7 on the Piotroski F-score. Only 7 of the nine tests could be computed from what it filed; the rest need a prior year it has not reported. Its Altman Z-score puts it in the distress zone. Every test and the numbers behind it are shown above, so the arithmetic is checkable rather than something you have to take on trust.

Who are the largest institutional holders of Krispy Kreme, Inc.?

Among the managers tracked here, the biggest positions as of the 2026-Q2 13F filings are BlackRock, Inc. (adding), GEODE CAPITAL MANAGEMENT, LLC (adding), CITADEL ADVISORS LLC (adding). Direction is the change in share count against that manager's own previous filing; managers with no prior filing are left out rather than counted as new buyers.

Krispy Kreme, Inc. (DNUT)

Nasdaq · Common Stock · Retail-Food Stores

One email a week from me: what it filed, which 13F holders added or cut, where its scores stand. Free.

Financial health

Two standard screens, computed from the XBRL in FY2025 against FY2024. Every test shows the numbers behind it — a score with its inputs hidden is a number you cannot check.

Piotroski F-score

5 / 7

FAILReturn on assets positiveROA -19.9%
PASSOperating cash flow positiveOCF 34M
FAILReturn on assets improving0.1% → -19.9%
PASSCash flow exceeds earningsOCF 34M vs NI -516M
FAILLong-term debt ratio fallingno debt reported
PASSCurrent ratio improving0.36 → 0.38
PASSNo share dilution172M → 171M shares
FAILGross margin improvingno gross profit reported
PASSAsset turnover improving0.54× → 0.59×

Altman Z-score

-0.42distress

Bankruptcy-risk screen combining working capital, retained earnings, operating income, market value against liabilities, and asset turnover. Above 2.99 is the safe zone; below 1.81 is distress.

Cash conversion: -6.6%
Share count change: -0.3%

Six-year record

Year	Revenue	Net income	Free cash flow	Gross margin	Shares
FY2021	$1.1B	−$64.3M	−$69.2M	—	124,987,370
FY2022	$1.4B	−$24.5M	$21.7M	—	147,654,548
FY2023	$1.5B	−$15.6M	$28.1M	—	167,471,000
FY2023	$1.7B	−$37.9M	−$75.9M	—	168,289,000
FY2024	$1.7B	$3.1M	−$75.0M	—	171,500,000
FY2025

Ownership flow

12 institutions tracked — 8 added, 3 reduced, 1 opened a new position.

Institutional holders of Krispy Kreme, Inc. and their share-count change
Manager	Kind	Shares	Change	Value
CITADEL ADVISORS LLC	Hedge fund	2,259,053	+1,767,772	$8.0M
AQR CAPITAL MANAGEMENT LLC	Hedge fund	1,517,686	+705,327	$5.4M
BlackRock, Inc.	Index	6,615,602	+452,857	$23.4M
MORGAN STANLEY	Active fund	1,358,870	−222,760	$4.8M

Capital returned

What the company actually paid out and bought back, as reported — the record behind any yield figure.

Shares repurchased

2026Q1: $402,000
2025Q1: $123,000
2024Q1: $804,000
2023Q1: $0
2022Q1: $1.5M
2021Q2: $102.7M

Identity

CIK: 0001857154
LEI: 549300SW1I7LNVBRTO38
FIGI: BBG0118Y86T0
SIC: 5400 · Retail-Food Stores
Headquarters: CHARLOTTE, NC

Ownership

Institutional: 47.7%
Institutions: 241
Insiders: 45.5%

Ownership percentages are a vendor aggregate, not a filing — unlike everything else on this page.

Related companies

Companies filing in the same SEC industry group.

HEALTHY CHOICE WELLNESS CORP.HCWC KROGER COKR Sprouts Farmers Market, Inc.SFM VILLAGE SUPER MARKET INCVLGEA ARKO Corp.ARKO

Questions about Krispy Kreme, Inc.

Is Krispy Kreme, Inc. financially healthy?: Krispy Kreme, Inc. scores 5 out of 7 on the Piotroski F-score. Only 7 of the nine tests could be computed from what it filed; the rest need a prior year it has not reported. Its Altman Z-score puts it in the distress zone. Every test and the numbers behind it are shown above, so the arithmetic is checkable rather than something you have to take on trust.
Who are the largest institutional holders of Krispy Kreme, Inc.?: Among the managers tracked here, the biggest positions as of the 2026-Q2 13F filings are BlackRock, Inc. (adding), GEODE CAPITAL MANAGEMENT, LLC (adding), CITADEL ADVISORS LLC (adding). Direction is the change in share count against that manager's own previous filing; managers with no prior filing are left out rather than counted as new buyers.

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Sourced from SEC EDGAR primary filings. Figures are as reported by the company and are not investment advice. Scores are standard published screens computed from those filings; every input is shown above so you can check the arithmetic.