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MillerKnoll MLKN Royalty expense

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MillerKnoll logo
MillerKnollMLKN
$8.4M+1.5%
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Other financials

Income statement

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Revenue$1.0B+4.4%
Gross profit$395.6M+5.0%
Operating income$51.4M-6.5%
Net income$23.6M+141%
EPS (diluted)$0.34+141%

Balance sheet

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Cash & equivalents$167.7M-13.4%
Total debt$1.8B-2.0%
Total equity$1.3B+5.2%
Total assets$4.0B+1.3%

Cash flow

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Operating cash flow$64.8M-8.6%
CapEx$38.9M-1.5%
Free cash flow$25.9M-17.5%

Valuation

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Market cap$1.61B+20.3%
Enterprise value$3.25B+8.7%
P/E17.6×
P/S0.4×+0.1×

Profitability

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Gross margin38.8%0.0pp
Operating margin5.2%+3.8pp
Net margin2.4%+1.8pp
FCF margin2%-0.8pp

Returns & leverage

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Return on equity7%+5.4pp
Debt / equity1.3×-0.1×
Current ratio1.6×0.0×

Where this comes from

Reported directly by MillerKnoll in its filing.

Tagged under the XBRL concept us-gaap:RoyaltyExpense.

The source filing: MillerKnoll’s 10-K, filed July 20, 2026.

Filed
Jul 20, 2026, 4:07 PM EDT
Fiscal year
FY2026
Accession
0000066382-26-000092

Royalty payments made to designers of the Company's products as the products are sold are variable costs based on product sales. These expenses totaled $33.6 million, $33.1 million and $30.6 million in fiscal years 2026, 2025 and 2024 respectively. They are included in Design and research expense in the accompanying Consolidated Statements of Comprehensive Income.

Item 8 Financial Statements and Supplementary Data

FAQ

What is MillerKnoll's royalty expense?
MillerKnoll (MLKN) reported royalty expense of $8.4M in Q1 2026.
How has MillerKnoll's royalty expense changed year-over-year?
MillerKnoll's royalty expense increased by 1.5% year-over-year, from $8.28M to $8.4M.
What is the long-term trend for MillerKnoll's royalty expense?
Over 4 years (2022 to 2026), MillerKnoll's royalty expense has grown at a -2.8% compound annual growth rate (CAGR), from $37.6M to $33.6M.
What does royalty expense mean?
The total costs incurred for the right to use intellectual property, patents, or brand names owned by third parties. This expense reflects the company's reliance on external innovation or licensed designs to support its product portfolio. High levels of royalty expense relative to revenue may indicate a dependency on external technology rather than internal R&D.

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