Torrid Hldgs Inc (CURV) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Sep 10, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2027, filed Jun 11, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the CURV SEC filings page.
Torrid Hldgs Inc (CURV) reported $1.0B in revenue for fiscal year 2025, down 9.4% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 7 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Falling sales have exposed a thin-margin model whose cash generation can reverse quickly despite lower capital spending.
From FY2024 to FY2025, gross margin fell from37.5% to34.8% , while operating margin dropped to2.1% , showing that weaker sales reached profitability disproportionately. The shift from positive to negative operating cash flow and free cash flow in FY2025, after both were positive in FY2024, means the margin deterioration was accompanied by a cash-conversion break rather than merely softer accounting earnings.
Negative equity of
Capital expenditures fell from
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Torrid Hldgs Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Torrid Hldgs Inc has an operating margin of 2.1%, meaning the company retains $2 of operating profit per $100 of revenue. This results in a moderate score of 50/100, indicating healthy but not exceptional operating efficiency. This is down from 5.2% the prior year.
Torrid Hldgs Inc's revenue declined 9.4% year-over-year, from $1.1B to $1.0B. This contraction results in a growth score of 13/100.
Torrid Hldgs Inc's current ratio of 0.78 is below the typical benchmark, resulting in a score of 10/100. This tight liquidity could limit financial flexibility if cash inflows slow.
Torrid Hldgs Inc's operations used $13.0M of cash, and capex of $8.9M added to the outflow, for a free cash flow shortfall of $21.9M. This results in a cash flow score of 28/100.
Torrid Hldgs Inc scores 1.55, below the 1.81 distress threshold. This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Torrid Hldgs Inc passes 2 of 9 financial strength tests. No profitability signals pass, 1 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
Torrid Hldgs Inc reported a net loss of $7.0M while operations used $13.0M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Torrid Hldgs Inc earns $0.67 in operating income for every $1 of interest expense ($21.4M vs $31.8M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
Torrid Hldgs Inc generated $245.8M in revenue in Q2 2027. This represents a decrease of 7.6% from the same quarter a year earlier. Against the prior quarter it is up 4.5%.
Torrid Hldgs Inc's EBITDA was $15.3M in Q2 2027, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 40.8% from the same quarter a year earlier. Against the prior quarter it is up 88.4%.
Torrid Hldgs Inc reported $414K in net income in Q2 2027. This represents a decrease of 93.0% from the same quarter a year earlier. Against the prior quarter it is up 106.4%.
Torrid Hldgs Inc earned $0.00 per diluted share (EPS) in Q2 2027. This represents a decrease of 100.0% from the same quarter a year earlier. Against the prior quarter it is up 100.0%.
Cash & Balance Sheet
Torrid Hldgs Inc generated $5.7M in free cash flow in Q2 2027, representing cash available after capex. This represents an increase of 127.7% from the same quarter a year earlier. Against the prior quarter it is up 186.2%.
Torrid Hldgs Inc held $22.8M in cash against $252.2M in long-term debt as of Q2 2027.
Not reported for Q2 2027.
Margins & Returns
Torrid Hldgs Inc's gross margin was 35.3% in Q2 2027, indicating the percentage of revenue retained after direct costs. This is down 2.8 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.4 percentage points.
Torrid Hldgs Inc's operating margin was 3.5% in Q2 2027, reflecting core business profitability. This is down 2.6 percentage points from the same quarter a year earlier. Against the prior quarter it is up 3.4 percentage points.
Torrid Hldgs Inc's net profit margin was 0.2% in Q2 2027, showing the share of revenue converted to profit. This is down 2.1 percentage points from the same quarter a year earlier. Against the prior quarter it is up 2.9 percentage points.
Not reported for Q2 2027.
Capital Allocation
Torrid Hldgs Inc spent $186K on share buybacks in Q2 2027, returning capital to shareholders by reducing shares outstanding. Against the prior quarter it is up 118.8%.
Torrid Hldgs Inc invested $5.5M in capex in Q2 2027, funding long-term assets and infrastructure. This represents an increase of 115.3% from the same quarter a year earlier. Against the prior quarter it is up 212.8%.
Not reported for Q2 2027.
CURV Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2710-Q | Q4'2610-Q | Q3'2610-Q | Q2'2610-Q | Q1'2610-K | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $245.8M-7.6% | $235.2M-10.8% | $262.8M-7.7% | $266.0M-4.9% | $289.4M-5.9% | $263.8M | $284.6M+3.4% | $279.8M-3.2% |
| Cost of Revenue | $159.0M-3.4% | $153.0M-9.3% | $169.3M-2.9% | $164.6M+0.1% | $182.7M-13.5% | $168.6M | $174.4M-5.2% | $164.3M-11.9% |
| Gross Profit | $86.8M-14.4% | $82.2M-13.6% | $93.5M-15.2% | $101.4M-12.1% | $106.7M+10.7% | $95.2M | $110.3M+20.5% | $115.4M+12.4% |
| SG&A Expenses | $63.7M-9.0% | $66.3M-11.5% | $70.5M-8.2% | $70.0M-8.4% | $80.3M+6.5% | $74.9M | $76.8M+6.9% | $76.5M+9.9% |
| Operating Income | $8.6M-46.6% | $205K-97.2% | $10.2M-50.2% | $16.0M-38.7% | $13.6M+244.8% | $7.2M | $20.4M+196.6% | $26.1M+29.5% |
| EBITDA | $15.3M-40.8% | $8.1M-48.4% | $19.6M-33.3% | $25.8M-27.9% | $23.6M+64.1% | $15.7M | $29.3M+86.9% | $35.8M+22.2% |
| Interest Expense | $7.7M-5.4% | $7.9M-10.0% | $8.1M-11.2% | $8.2M-13.0% | $9.5M-8.8% | $8.8M | $9.1M-6.3% | $9.4M-2.4% |
| Income Tax | $457K-82.6% | -$1.5M-5800.0% | $487K-84.1% | $2.6M-41.3% | -$388K+77.4% | -$26K | $3.1M+878.4% | $4.5M+10.9% |
| Net Income | $414K-93.0% | -$6.4M-438.2% | $1.6M-81.2% | $5.9M-51.2% | $3.2M+173.2% | -$1.2M | $8.3M+403.1% | $12.2M+83.6% |
| EPS (Basic) | $0.00-100.0% | -$0.06-500.0% | $0.02-75.0% | $0.06-50.0% | -$0.02+50.0% | -$0.01 | $0.08+366.7% | $0.12+100.0% |
| EPS (Diluted) | $0.00-100.0% | -$0.06-500.0% | $0.02-75.0% | $0.06-50.0% | -$0.03+25.0% | -$0.01 | $0.08+366.7% | $0.12+100.0% |
| Diluted Shares (Avg) | 100M-6.1% | 99M-5.3% | 103M-3.1% | 106M+0.8% | N/A | 105M | 106M+1.9% | 105M+1.0% |
Not reported in any period shown, so not listed: R&D Expenses.
CURV Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2710-Q | Q4'2610-Q | Q3'2610-Q | Q2'2610-Q | Q1'2610-K | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $402.5M-10.8% | $402.9M-18.3% | $414.5M-15.0% | $451.4M-5.9% | $488.4M+2.4% | $493.0M | $487.5M-4.3% | $479.7M-2.6% |
| Current Assets | $204.4M+1.0% | $188.7M-15.2% | $189.1M-12.9% | $202.4M+4.2% | $226.2M+26.3% | $222.6M | $217.2M+0.4% | $194.3M-5.1% |
| Cash & Equivalents | $22.8M-3.6% | $17.2M-60.8% | $21.5M-60.1% | $23.7M+15.8% | $48.5M+313.5% | $44.0M | $53.9M+245.9% | $20.5M+10.4% |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $142.6M-4.6% | $128.8M-6.8% | $130.2M+1.4% | $149.6M+3.3% | $148.5M+4.4% | $138.3M | $128.4M-24.9% | $144.8M-8.2% |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $614.4M-3.3% | $609.5M-10.7% | $615.6M-9.0% | $635.2M-6.4% | $679.5M-1.3% | $682.3M | $676.4M-5.9% | $678.3M-3.1% |
| Current Liabilities | $260.4M+12.2% | $232.8M-7.3% | $228.2M-7.1% | $232.0M-1.0% | $263.1M+13.4% | $251.0M | $245.6M-2.7% | $234.3M-0.9% |
| Non-Current Liabilities | $354.1M-12.2% | $376.7M-12.7% | $387.4M-10.1% | $403.2M-9.2% | $416.4M-8.8% | $431.3M | $430.8M-7.6% | $444.0M-4.2% |
| Long-Term Debt | $252.2M-6.0% | $260.3M-5.8% | $264.3M-5.8% | $268.4M-5.7% | $272.4M-5.6% | $276.4M | $280.5M-4.1% | $284.5M-4.1% |
| Total Equity | -$211.9M-15.3% | -$206.5M-9.1% | -$201.1M-6.4% | -$183.8M+7.5% | -$191.1M+9.7% | -$189.3M | -$188.9M+9.7% | -$198.6M+4.3% |
| Retained Earnings | -$337.9M-3.9% | -$330.2M-0.6% | -$323.8M+1.0% | -$325.3M+3.0% | -$331.3M+4.7% | -$328.3M | -$327.1M+4.8% | -$335.4M+1.6% |
Not reported in any period shown, so not listed: Accounts Receivable, Goodwill.
CURV Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2710-Q | Q4'2610-Q | Q3'2610-Q | Q2'2610-Q | Q1'2610-K | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $11.2M+162.1% | -$4.9M-57.5% | $15.7M-61.4% | -$18.0M-165.2% | $12.0M+33.0% | -$3.1M | $40.8M+1906.0% | $27.6M+34.9% |
| Depreciation & Amortization | $6.7M-31.4% | $7.9M-7.1% | $9.4M+5.6% | $9.8M+1.4% | $9.4M-3.7% | $8.5M | $8.9M+1.1% | $9.6M+5.9% |
| Stock-Based Compensation | $2.0M+37.4% | N/A | N/A | $1.5M-11.4% | N/A | $685K | $2.2M+38.0% | $1.7M-13.1% |
| Capital Expenditures | $5.5M+115.3% | $1.8M-28.1% | $1.1M-64.6% | $2.5M-63.7% | $1.8M-83.5% | $2.4M | $3.2M-43.7% | $7.0M+78.2% |
| Free Cash Flow | $5.7M+127.7% | -$6.6M-19.7% | $14.6M-61.2% | -$20.6M-199.7% | $10.2M+691.4% | -$5.5M | $37.7M+1145.9% | $20.6M+24.7% |
| Investing Cash Flow | -$5.5M-115.3% | -$1.8M+28.1% | -$1.1M+64.6% | -$2.5M+63.7% | -$1.8M+83.5% | -$2.4M | -$3.2M+43.7% | -$7.0M-78.2% |
| Financing Cash Flow | -$2.9M+38.0% | $2.4M+155.8% | -$16.8M-307.5% | -$4.7M+60.6% | -$4.1M-89.4% | -$4.4M | -$4.1M-625.8% | -$11.9M+27.3% |
| Share Buybacks | $186K | $85K | $20.0M | $0 | $0 | $0 | N/A | N/A |
Not reported in any period shown, so not listed: Dividends Paid.
CURV Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2710-Q | Q4'2610-Q | Q3'2610-Q | Q2'2610-Q | Q1'2610-K | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 35.3%-2.8pp | 34.9%-1.1pp | 35.6%-3.2pp | 38.1%-3.1pp | 36.9%+5.5pp | 36.1% | 38.7%+5.5pp | 41.3%+5.8pp |
| Operating Margin | 3.5%-2.6pp | 0.1%-2.6pp | 3.9%-3.3pp | 6.0%-3.3pp | 4.7%+3.4pp | 2.7% | 7.2%+4.7pp | 9.3%+2.4pp |
| Net Margin | 0.2%-2.1pp | -2.7%-2.3pp | 0.6%-2.3pp | 2.2%-2.1pp | 1.1%+2.6pp | -0.4% | 2.9%+3.9pp | 4.3%+2.1pp |
| Return on Assets | 0.1%-1.2pp | -1.6%-1.4pp | 0.4%-1.3pp | 1.3%-1.2pp | 0.7%+1.6pp | -0.2% | 1.7%+2.3pp | 2.5%+1.2pp |
| Current Ratio | 0.79-0.1x | 0.81-0.1x | 0.83-0.1x | 0.870.0x | 0.86+0.1x | 0.89 | 0.880.0x | 0.830.0x |
| Asset Turnover | 0.610.0x | 0.580.0x | 0.63+0.1x | 0.590.0x | 0.59-0.1x | 0.54 | 0.580.0x | 0.580.0x |
| FCF Margin | 2.3%+10.0pp | -2.8%-0.7pp | 5.6%-7.7pp | -7.7%-15.1pp | 3.5%+4.1pp | -2.1% | 13.2%+14.5pp | 7.4%+1.7pp |
Not reported in any period shown, so not listed: Return on Equity, Debt-to-Equity.
Note: Shareholder equity is negative (-$213.4M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
Note: The current ratio is below 1.0 (0.78), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Torrid Hldgs Inc CURV | FY2025 | $1.0B | -$7.0M | -0.7% | $231.3M | 33/100 |
| J Jill JILL | FY2025 | $596.5M | $28K | 0.0% | $296.6M | 54/100 |
| Duluth Holdings DLTH | FY2025 | $565.2M | -$16.4M | -2.9% | $168.7M | 27/100 |
| Citi Trends CTRN | FY2025 | $820.0M | $5.2M | 0.6% | $587.3M | 27/100 |
| A K A Brands Hldg Corp AKA | FY2025 | $600.2M | -$31.4M | -5.2% | $117.9M | 33/100 |
| Cato Corp CATO | FY2025 | $653.8M | -$5.9M | -0.9% | $50.6M | 24/100 |
Where Torrid Hldgs Inc Ranks
Frequently Asked Questions
What is Torrid Hldgs Inc's annual revenue?
Torrid Hldgs Inc (CURV) reported $1.0B in total revenue for fiscal year 2025. This represents a -9.4% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Torrid Hldgs Inc's revenue growing?
Torrid Hldgs Inc (CURV) revenue declined by 9.4% year-over-year, from $1.1B to $1.0B in fiscal year 2025.
Is Torrid Hldgs Inc profitable?
No, Torrid Hldgs Inc (CURV) reported a net income of -$7.0M in fiscal year 2025, with a net profit margin of -0.7%.
What is Torrid Hldgs Inc's EBITDA?
Torrid Hldgs Inc (CURV) had EBITDA of $57.5M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Torrid Hldgs Inc have?
As of fiscal year 2025, Torrid Hldgs Inc (CURV) had $20.0M in cash and equivalents against $256.3M in long-term debt.
What is Torrid Hldgs Inc's gross margin?
Torrid Hldgs Inc (CURV) had a gross margin of 34.8% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Torrid Hldgs Inc's operating margin?
Torrid Hldgs Inc (CURV) had an operating margin of 2.1% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Torrid Hldgs Inc's net profit margin?
Torrid Hldgs Inc (CURV) had a net profit margin of -0.7% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Torrid Hldgs Inc's free cash flow?
Torrid Hldgs Inc (CURV) recorded an outflow of $21.9M in free cash flow during fiscal year 2025. This represents a -134.7% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Torrid Hldgs Inc's operating cash flow?
Torrid Hldgs Inc (CURV) recorded an outflow of $13.0M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are Torrid Hldgs Inc's total assets?
Torrid Hldgs Inc (CURV) had $400.3M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Torrid Hldgs Inc's capital expenditures?
Torrid Hldgs Inc (CURV) invested $8.9M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Torrid Hldgs Inc's current ratio?
Torrid Hldgs Inc (CURV) had a current ratio of 0.78 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is Torrid Hldgs Inc's return on assets (ROA)?
Torrid Hldgs Inc (CURV) had a return on assets of -1.8% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Torrid Hldgs Inc's P/E ratio?
Torrid Hldgs Inc (CURV) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (FY2025). The market capitalization is $231.3M as of Sep 10, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Torrid Hldgs Inc's price-to-sales ratio?
Torrid Hldgs Inc (CURV) trades at 0.2x sales, its market capitalization divided by revenue of $1.0B revenue, FY2025. The market capitalization is $231.3M as of Sep 10, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
How does Torrid Hldgs Inc's liquidity compare with its operating cash outflow?
At the end of fiscal year 2025, Torrid Hldgs Inc (CURV) held $20.0M in cash, cash equivalents and investments, and reported an operating cash outflow of $13.0M over that year. Dividing the one by the other, the reported balance equals about 18 months of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.
Why is Torrid Hldgs Inc's debt-to-equity ratio negative or not reported?
Torrid Hldgs Inc (CURV) has negative shareholder equity of -$213.4M as of fiscal year 2025, so no debt-to-equity ratio is reported: dividing debt by equity that is not positive produces a number that cannot be read as leverage. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.
What is Torrid Hldgs Inc's Altman Z-Score?
Torrid Hldgs Inc (CURV) has an Altman Z-Score of 1.55, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Torrid Hldgs Inc's Piotroski F-Score?
Torrid Hldgs Inc (CURV) has a Piotroski F-Score of 2 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Torrid Hldgs Inc's earnings high quality?
Torrid Hldgs Inc (CURV) reported a net loss of $7.0M while operations used $13.0M of cash. With neither figure positive, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Torrid Hldgs Inc cover its interest payments?
Torrid Hldgs Inc (CURV) has an interest coverage ratio of 0.67x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Torrid Hldgs Inc?
Torrid Hldgs Inc (CURV) scores 33 out of 100 on our Financial Health Score, indicating weak standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.