Currently the company’s liquid/accessible cash reserves is sitting at $100m as of Q1 2025.
If Fossil continues burning cash at ~$60m per quarter (by paying all of our salaries) and doesn’t significantly cut costs, boost revenue, or refinance its debt cash depletion can be expected by August–September 2025.
With impending high-interest notes and limited available credit, refinancing becomes urgent.
At current pace, Fossil has only about 4 months of cash runway—bankruptcy risk arises in late summer/fall 2025 unless financing or operating improvements materialize.
The next earnings and liquidity update (Q2 2025) will be critical. Look for signs of reduced cash burn or refinancing success.
Summer 2025 Q2 earnings: do they show burn slowing?
Q3/Q4 2025 Refinancing actions or asset sales?
Nov 2026 $150M senior notes maturity—longer-term risk
Without meaningful improvement, Fossil could be insolvent by late 2025. Keep an eye on upcoming reports and debt communications.