Stitch Fix | 8-K: FY2026 Q1 Revenue Beats Estimate at USD 342.13 M

Revenue: As of FY2026 Q1, the actual value is USD 342.13 M, beating the estimate of USD 336.69 M.

EPS: As of FY2026 Q1, the actual value is USD -0.05.

EBIT: As of FY2026 Q1, the actual value is USD -10.93 M.

Financial Metrics Summary

Revenue

• Net revenue for the first quarter of fiscal 2026 was $342.1 million, representing a 7.3% increase year-over-year.

Operational Metrics

• Gross profit was $149.3 million, an increase of 3.1% year-over-year, with a gross margin of 43.6%, which decreased by 180 basis points year-over-year.
• Net loss was $6.4 million, with a net loss margin of 1.9%.
• Adjusted EBITDA was $13.4 million, with an Adjusted EBITDA margin of 3.9%.

Cash Flow

• Net cash provided by operating activities was $10.9 million.
• Free cash flow was $5.6 million.

Unique Metrics

• Active clients totaled 2.307 million, a decrease of 0.1% quarter-over-quarter and 5.2% year-over-year.
• Net revenue per active client was $559, an increase of 5.3% year-over-year.

Financial Outlook

• For the second quarter of fiscal 2026, Stitch Fix expects net revenue between $335 million and $340 million, representing a year-over-year growth of 7.3% to 8.9%.
• Adjusted EBITDA is projected to be between $10 million and $13 million, with a margin of 3.0% to 3.8%.
• For the full fiscal year 2026, net revenue is expected to range from $1.32 billion to $1.35 billion, with a growth of 4.2% to 6.5% year-over-year.
• The company anticipates a full-year gross margin between 43% and 44% and expects to be free cash flow positive for the year.