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| Subsidiary | | Jurisdiction of Incorporation or Organization |
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| e.l.f. Cosmetics, Inc. | | Delaware |
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| W3LL People, Inc. (a wholly owned subsidiary of e.l.f. Cosmetics, Inc.) | | Delaware |
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| Naturium Holdings, Inc. (a wholly owned subsidiary of e.l.f. Cosmetics, Inc.) | | Delaware |
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| Naturium LLC (a wholly owned subsidiary of Naturium Holdings, Inc.) | | Delaware |
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| e.l.f. Beauty UK Limited (a wholly owned subsidiary of e.l.f. Cosmetics, Inc.) | | England and Wales |
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| J.A. China Holdings, LLC (a wholly owned subsidiary of e.l.f. Cosmetics, Inc.) | | Delaware |
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| e.l.f. (Shanghai) Trading Co., Ltd. (a wholly owned subsidiary of J.A. China Holdings, LLC) | | People’s Republic of China – Wholly Foreign-Owned Enterprise |
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