Stitch Fix Announces First Quarter of Fiscal 2026 Financial Results

About this update from Stitch Fix, Inc.

[{"type":"text","content":" SAN FRANCISCO--(BUSINESS WIRE)--\nStitch Fix, Inc. (NASDAQ: SFIX), the leading online personal styling service, today announced its financial results for the first quarter of fiscal 2026 ended November 1, 2025.\n\n“Q1 was a strong start to the fiscal year—we accelerated year-over-year revenue growth to 7.3% and captured considerable market share gains,” said Matt Baer, CEO, Stitch Fix. “As a result of the successful execution of our transformation strategy, we are increasingly becoming the retailer of choice for more of our clients' apparel and accessories needs. We are doing this by leveraging the latest in GenAI technology, the expertise of our human Stylists, and our assortment of leading brands to deliver the most client-centric and personalized shopping experience.”\n\nFirst Quarter of Fiscal 2026 Key Metrics and Financial Highlights\n\n\nNet revenue of $342.1 million, an increase of 7.3% year-over-year.\n\n\nActive clients of 2.307 million, a decrease of 0.1% quarter-over-quarter; and a decrease of 5.2% year-over-year.\n\n\nNet revenue per active client of $559, an increase of 5.3% year-over-year.\n\n\nGross profit of $149.3 million, an increase of 3.1% year-over-year and gross margin of 43.6%, a decrease of 180 basis points year-over-year.\n\n\nNet loss of $6.4 million and net loss margin of 1.9%; diluted loss per share of $0.05.\n\n\nAdjusted EBITDA of $13.4 million and Adjusted EBITDA margin of 3.9%.\n\n\nNet cash provided by operating activities of $10.9 million and free cash flow of $5.6 million.\n\n\nCash, cash equivalents, and investments of $244.2 million; and no debt.\n\n\nFinancial Outlook\n\nStitch Fix’s financial outlook for the second quarter of fiscal 2026, ending January 31, 2026, is as follows:\n\n\n\n \n\n\n\nQ2 2026\n\n\n\n\n\nNet Revenue\n\n\n\n$335 million - $340 million\n\n\n\n7.3% - 8.9% YoY\n\n\n\n\n\nAdjusted EBITDA\n\n\n\n$10 million - $13 million\n\n\n\n3.0% - 3.8% margin\n\n\n\n\nThe Company’s fiscal year is a 52-week or 53-week period ending on the Saturday closest to July 31. The fiscal years 2025 and 2026 are 52-week years.\n\nStitch Fix’s updated financial outlook for fiscal year 2026 is as follows:\n\n\n\n \n\n\n\nFiscal Year 2026\n\n\n\n\n\nNet Revenue\n\n\n\n$1.32 billion - $1.35 billion\n\n\n\n4.2% - 6.5% YoY\n\n\n\n\n\nAdjusted EBITDA\n\n\n\n$38 million - $48 million\n\n\n\n2.9% - 3.6% ...

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