Playboy, Inc. (PLBY) Stock in 2025: First Profit, Licensing Pivot and High‑Risk Upside – What Investors Need to Know Now
Date: December 9, 2025 Playboy, Inc. (NASDAQ: PLBY) has quietly turned into one of the more polarizing small‑cap stories on the market. The iconic brand has posted its first quarterly profit since going public, pushed through a radical shift to an “asset‑light” licensing model, won an $81 million arbitration award, and staged a sharp year‑to‑date rally in its share price. At the same time, it still carries heavy leverage, negative free cash flow and a balance sheet that screens as distressed on several metrics.StockInvest+1 As of the latest close, PLBY trades around $2.47 per share, valuing the company at roughly
