CarParts.com, Inc. (PRTS) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon. At this time, all participants will be in a listen-only mode. Please note, this call is being recorded. I would now like to pass the conference over to our host, Mark DeSiena, Interim Chief Financial Officer. Please go ahead. Hello, everyone, and thank you for joining us for the CarParts.com fourth quarter of 2025 conference call. Joining me today is David Mignon, Chief Executive Officer. Before I turn it over to David to start the call, has some important disclosures. Our remarks on this call could contain certain forward-looking statements related to our company and our strategic initiatives under the federal securities law. Actual results may differ materially from those contained herein or implied by these forward-looking statements due to various risks and uncertainties. For discussion of the material risk and other important factors that could affect results, please refer to carparts.com annual report on Form 10-K and quarterly reports on Form 10-Q. each as followed with the SEC, all of which can be found on our investor relations website. On the call, both GAAP and non-GAAP financial measures will be discussed. A reconciliation of GAAP to non-GAAP financial measures is provided in a press release that we issued today. With that, I would now like to turn the call over to David. In 2025, we closed the $35.7 million strategic investment, completed a full cost structure reset, and built an operating model that is now delivering results every quarter. Our eight premium partnership is already at a $35 million annual revenue run rate with a clear path to 50 million in the short term, and we believe it will eventually exceed $100 million at attractive contribution margins, all without requiring us to carry the inventory or the working capital. That's t...