Playboy, Inc. (PLBY)

Nasdaq · Common Stock · Retail-Miscellaneous Retail

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

Corporate structure

22 entities across 5 jurisdictions, 2 in offshore financial centres. Read directly from the company’s own 10-K EX-21 filed 2026-03-16 — see the exhibit.

Which other public companies file entities in the same places:

Delaware16 Australia2 British Virgin Islands2 United Kingdom1 Hong Kong1

Subsidiaries of Playboy, Inc. as disclosed in its SEC filing
Entity	Jurisdiction	Note
Artwork Holdings LLC	Delaware
Centerfold Digital, Inc.	Delaware
Honey Birdette (Aust) Pty Ltd	Australia
Honey Birdette (UK) Limited	United Kingdom
Honey Birdette US Inc	Delaware
ICS Entertainment, Inc.	Delaware
PB Global Acquisition Corp.	Delaware
PBTV LLC	Delaware
Playboy China Limited	Hong Kong
Playboy China (BVI) Limited	British Virgin Islands	offshore centre
Playboy Enterprises, Inc.	Delaware
Playboy Enterprises International, Inc.	Delaware
Playboy Entertainment Group, Inc.	Delaware
Playboy New Venture LLC	Delaware
Playboy Spirits, LLC	Delaware
Playboy TV International LLC	Delaware
Playboy.com, Inc.	Delaware
PLBY Australia Pty Ltd	Australia
PLBY (BVI) Limited	British Virgin Islands	offshore centre
Products Licensing LLC	Delaware
Spice Entertainment, Inc.	Delaware
Spice Hot Entertainment, Inc.	Delaware

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

6 / 9

FAILReturn on assets positiveROA -4.3%
PASSOperating cash flow positiveOCF 18000.0
PASSReturn on assets improving-27.9% → -4.3%
PASSCash flow exceeds earningsOCF 18000.0 vs NI -13M
PASSLong-term debt ratio falling61.9% → 59.0% of assets
FAILCurrent ratio improving1.03 → 1.03
FAILNo share dilution76M → 100M shares
PASSGross margin improving64.0% → 71.0%
PASSAsset turnover improving0.41× → 0.41×

Six-year record

Year	Revenue	Net income	Free cash flow	Gross margin	Shares
FY2020	$147.7M	−$1.1M	−$1.3M	—	22,199,591
FY2021	$246.6M	−$77.7M	−$54.2M	—	38,105,736
FY2022	$266.9M	−$277.7M	−$67.7M	—	47,420,376
FY2023	$142.9M	−$180.4M	−$46.8M	61.7%	71,319,437
FY2024	$116.1M	−$79.4M	−$21.4M	64.0%	76,048,609
FY2025	$120.9M	−$12.7M	−$1.0M	71.0%	100,264,706

Ownership flow

10 institutions tracked — 6 added, 3 reduced, 1 opened a new position, 1 sold out. Index money added 3,676,270 shares while active managers cut 254,848.

Institutional holders of Playboy, Inc. and their share-count change
Manager	Kind	Shares	Change	Value
BlackRock, Inc.	Index	3,132,014	+2,535,428	$3.8M
GEODE CAPITAL MANAGEMENT, LLC	Index	1,560,037	+778,142	$1.9M
STATE STREET CORP	Index	675,751	+362,700	$824,416
RENAISSANCE TECHNOLOGIES LLC	Hedge fund	137,800	−287,559	$168,116
CITADEL ADVISORS LLC	Hedge fund	160,859	+129,859	$196,248
MORGAN STANLEY	Active fund	89,645	−97,699	$109,368
BANK OF AMERICA CORP /DE/	Active fund	33,162	−51,992	$40,458
JPMORGAN CHASE & CO	Active fund	30,580	+30,456	$40,366
FMR LLC	Active fund	22,131	+22,087	$26,999

PRICE T ROWE ASSOCIATES INC /MD/ holds a position with no prior filing to compare against, so its change is unknown rather than zero — and it is left out of the totals above.

From 13F filings, which cover institutions managing over $100m and are filed up to 45 days after the quarter ends — so this is a considered position, not a live one, and it is not the whole shareholder register.

Identity

CIK: 0001803914
LEI: 529900X8FVJ8AKUOS178
FIGI: BBG00TYN9Y68
SIC: 5900 · Retail-Miscellaneous Retail
Incorporated: DE
Headquarters: LOS ANGELES, CA

Ownership

Institutional: 43.0%
Institutions: 113
Insiders: 17.1%

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

Other retail-miscellaneous retail companies

Playboy, Inc. files under SIC 5900 — all 6 retail-miscellaneous retail companies compared on assets and F-score.

FirstCash Holdings, Inc.FCFS SUBURBAN PROPANE PARTNERS LPSPH EZCORP INCEZPW FERRELLGAS PARTNERS L PFGPR CIMG Inc.CIMG

Questions about Playboy, Inc.

How many subsidiaries does Playboy, Inc. file with the SEC?: 22, listed in its most recent exhibit 21. They are incorporated across 5 jurisdictions, led by Delaware, Australia, United Kingdom. 2 of them sit in offshore financial centres. That exhibit is filed with the company's annual report and is the company's own list, not an estimate.
Is Playboy, Inc. financially healthy?: Playboy, Inc. scores 6 out of 9 on the Piotroski F-score. 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 Playboy, 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), STATE STREET CORP (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.

This page is one panel of the terminal

The structure map above is the Corporate Blueprint, and in the desktop it is interactive — click any entity to re-centre the map on it and walk the ownership chain. It sits alongside the screener, the scorecard and the filings lab on one desk, on your machine.

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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.

Corporate structure

22 entities across 5 jurisdictions, 2 in offshore financial centres. Read directly from the company’s own 10-K EX-21 filed 2026-03-16 — see the exhibit.

Entity

Jurisdiction

Note

Artwork Holdings LLC

Delaware

Centerfold Digital, Inc.

Delaware

Honey Birdette (Aust) Pty Ltd

Australia

Honey Birdette (UK) Limited

United Kingdom

Honey Birdette US Inc

Delaware

ICS Entertainment, Inc.

Delaware

PB Global Acquisition Corp.

Delaware

PBTV LLC

Delaware

Playboy China Limited

Hong Kong

Playboy China (BVI) Limited

British Virgin Islands

offshore centre

Playboy Enterprises, Inc.

Delaware

Playboy Enterprises International, Inc.

Delaware

Playboy Entertainment Group, Inc.

Delaware

Playboy New Venture LLC

Delaware

Playboy Spirits, LLC

Delaware

Playboy TV International LLC

Delaware

Playboy.com, Inc.

Delaware

PLBY Australia Pty Ltd

Australia

PLBY (BVI) Limited

British Virgin Islands

offshore centre

Products Licensing LLC

Delaware

Spice Entertainment, Inc.

Delaware

Spice Hot Entertainment, Inc.

Delaware

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

6 / 9

FAILReturn on assets positiveROA -4.3%
PASSOperating cash flow positiveOCF 18000.0
PASSReturn on assets improving-27.9% → -4.3%
PASSCash flow exceeds earningsOCF 18000.0 vs NI -13M
PASSLong-term debt ratio falling61.9% → 59.0% of assets
FAILCurrent ratio improving1.03 → 1.03
FAILNo share dilution76M → 100M shares
PASSGross margin improving64.0% → 71.0%
PASSAsset turnover improving0.41× → 0.41×

Six-year record

Year	Revenue	Net income	Free cash flow	Gross margin	Shares
FY2020	$147.7M	−$1.1M	−$1.3M	—	22,199,591
FY2021	$246.6M	−$77.7M	−$54.2M	—	38,105,736
FY2022	$266.9M	−$277.7M	−$67.7M	—	47,420,376
FY2023	$142.9M	−$180.4M	−$46.8M	61.7%	71,319,437
FY2024	$116.1M	−$79.4M	−$21.4M	64.0%	76,048,609
FY2025	$120.9M	−$12.7M	−$1.0M	71.0%	100,264,706

Ownership flow

10 institutions tracked — 6 added, 3 reduced, 1 opened a new position, 1 sold out. Index money added 3,676,270 shares while active managers cut 254,848.

Institutional holders of Playboy, Inc. and their share-count change
Manager	Kind	Shares	Change	Value
BlackRock, Inc.	Index	3,132,014	+2,535,428	$3.8M
GEODE CAPITAL MANAGEMENT, LLC	Index	1,560,037	+778,142	$1.9M
STATE STREET CORP	Index	675,751	+362,700	$824,416
RENAISSANCE TECHNOLOGIES LLC	Hedge fund	137,800	−287,559	$168,116
CITADEL ADVISORS LLC	Hedge fund	160,859	+129,859	$196,248
MORGAN STANLEY	Active fund	89,645	−97,699	$109,368
BANK OF AMERICA CORP /DE/	Active fund	33,162	−51,992	$40,458
JPMORGAN CHASE & CO	Active fund	30,580	+30,456	$40,366
FMR LLC	Active fund	22,131	+22,087	$26,999

PRICE T ROWE ASSOCIATES INC /MD/ holds a position with no prior filing to compare against, so its change is unknown rather than zero — and it is left out of the totals above.

Questions about Playboy, Inc.

How many subsidiaries does Playboy, Inc. file with the SEC?

22, listed in its most recent exhibit 21. They are incorporated across 5 jurisdictions, led by Delaware, Australia, United Kingdom. 2 of them sit in offshore financial centres. That exhibit is filed with the company's annual report and is the company's own list, not an estimate.

Is Playboy, Inc. financially healthy?

Playboy, Inc. scores 6 out of 9 on the Piotroski F-score. 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 Playboy, 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), STATE STREET CORP (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.