E.l.f. Beauty (ELF) agreed to acquire lifestyle beauty brand rhode for up to $1 billion in cash and stock.

The deal comprises $600 million in cash and $200 million in stock at the closing, along with an additional potential earnout consideration of $200 million based on the growth of rhode over a three-year timeframe, e.l.f. said Wednesday in a statement.

The deal is expected to close in Q2 fiscal 2026.

E.l.f also reported fiscal Q4 adjusted earnings of $0.78 per diluted share, up from $0.53 a year earlier.

Analysts polled by FactSet expected $0.72.

Net sales in the three months ended March 31 rose to $332.6 million, up from $321.1 million a year earlier.

Analysts surveyed by FactSet expected $326.7 million.

The company withheld fiscal 2026 guidance due to "the wide range of potential outcomes related to tariffs," according to the statement.

Shares of the company fell 3.4% in after-hours trading.