How did Olaplex (NASDAQ:OLPX) perform in Q1 2026?

Olaplex reported net sales of $99.4 million, a 2.5% increase year-over-year. The company posted a net loss of $5.3 million, primarily due to one-time transaction costs related to its pending acquisition by Henkel and ongoing litigation expenses.

What is driving Olaplex’s net loss despite revenue growth?

The net loss stems mainly from merger-related one-time transaction expenses and legal costs. Excluding these items, the company maintained a healthy gross profit of $71.7 million and a 72.1% margin.

What is the status of Olaplex’s acquisition by Henkel?

Henkel announced its $1.4 billion acquisition of Olaplex in late March 2026, valuing the company at $2.06 per share—a 55% premium over Olaplex’s unaffected stock price. The deal is expected to close in the second half of 2026.

How did Olaplex’s sales channels perform during Q1?

The Professional and Direct-to-Consumer (DTC) segments each experienced double-digit growth, highlighting strong brand loyalty. Meanwhile, the specialty retail channel faced softness due to inventory management challenges.

What is Olaplex’s balance sheet position?

Olaplex ended Q1 2026 with $326.2 million in cash and cash equivalents and $352.5 million in long-term debt, leaving it in a solid liquidity position ahead of the Henkel merger.

Olaplex revenue ticks up as Henkel closes in on $1.4B deal

Written by Isaac FrancisPublished May. 11 2026Last Updated May. 11 2026

Olaplex (NASDAQ:OLPX) posted first-quarter 2026 net sales of $99.4 million, a 2.5% increase over the same period last year.

The results come as the prestige hair care brand prepares for its $1.4 billion acquisition by Henkel, a deal announced in late March that values Olaplex at $2.06 per share.

The company reported a net loss of $5.3 million for the quarter, compared to a net income of $0.5 million a year ago.

The loss was primarily attributed to one-time transaction costs related to the pending merger and ongoing litigation expenses.

Despite the net loss, gross profit reached $71.7 million, maintaining a robust margin of 72.1%.

Performance by sales channel remained mixed.

The Professional and Direct-to-Consumer (DTC) segments each saw double-digit growth, signaling sustained brand loyalty among stylists and core users.

These gains helped mitigate continued softness in the specialty retail channel, which has faced headwinds as retailers manage inventory levels.

Olaplex ended the period with $326.2 million in cash and cash equivalents against $352.5 million in long-term debt.

The acquisition by Henkel, which represents a 55% premium over Olaplex’s unaffected stock price, is expected to close in the second half of 2026.

Upon completion, the brand will be integrated into Henkel’s Consumer Brands division, joining a portfolio that includes Schwarzkopf and Dial.