Stitch Fix Financials
This page shows Stitch Fix (SFIX) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 10 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).
Financial Health Signals
Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
Stitch Fix has an operating margin of -3.1%, meaning the company retains $-3 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is up from -10.0% the prior year.
Stitch Fix's revenue declined 5.3% year-over-year, from $1.3B to $1.3B. This contraction results in a growth score of 14/100.
Stitch Fix has a moderate D/E ratio of 1.60. This balance of debt and equity financing earns a leverage score of 52/100.
Stitch Fix's current ratio of 1.66 indicates adequate short-term liquidity, earning a score of 47/100. The company can meet its near-term obligations, though with limited headroom.
Stitch Fix's free cash flow margin of 0.7% results in a low score of 4/100. Capital expenditures of $16.3M absorb a large share of operating cash flow.
Stitch Fix passes 4 of 9 financial strength tests. 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Stitch Fix generates $-0.89 in operating cash flow ($25.6M OCF vs -$28.7M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
Key Financial Metrics
Stitch Fix generated $1.3B in revenue in fiscal year 2025. This represents a decrease of 5.3% from the prior year.
Stitch Fix's EBITDA was -$12.8M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 85.6% from the prior year.
Stitch Fix generated $9.3M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 34.8% from the prior year.
Stitch Fix reported -$28.7M in net income in fiscal year 2025. This represents an increase of 77.7% from the prior year.
Stitch Fix earned $-0.22 per diluted share (EPS) in fiscal year 2025. This represents an increase of 79.4% from the prior year.
Stitch Fix held $114.5M in cash against $0 in long-term debt as of fiscal year 2025.
Stitch Fix's gross margin was 44.4% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 0.2 percentage points from the prior year.
Stitch Fix's operating margin was -3.1% in fiscal year 2025, reflecting core business profitability. This is up 6.9 percentage points from the prior year.
Stitch Fix's net profit margin was -2.3% in fiscal year 2025, showing the share of revenue converted to profit. This is up 7.4 percentage points from the prior year.
Stitch Fix invested $16.3M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 16.7% from the prior year.
SFIX Income Statement
| Metric | Q1'26 | Q3'25 | Q2'25 | Q2'24 | Q1'25 | Q2'23 | Q3'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $342.1M+5.3% | $325.0M+4.1% | $312.1M-22.1% | $400.6M+9.8% | $364.8M-29.4% | $516.7M+34.8% | $383.4M-13.6% | $443.7M |
| Cost of Revenue | $192.8M+6.3% | $181.5M+4.7% | $173.2M-26.9% | $236.9M+15.2% | $205.7M-27.6% | $283.9M+29.2% | $219.7M-14.3% | $256.4M |
| Gross Profit | $149.3M+4.0% | $143.6M+3.4% | $138.9M-15.2% | $163.8M+2.9% | $159.1M-31.7% | $232.8M+42.2% | $163.7M-12.6% | $187.3M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $157.9M+3.0% | $153.3M+3.6% | $147.9M-34.9% | $227.0M+20.9% | $187.8M-28.7% | $263.5M+43.1% | $184.2M-21.9% | $235.8M |
| Operating Income | -$8.6M+11.7% | -$9.7M-7.6% | -$9.0M+85.7% | -$63.3M-120.8% | -$28.7M+6.6% | -$30.7M-49.6% | -$20.5M+57.7% | -$48.5M |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | $58K-75.9% | $241K+32.4% | $182K+38.9% | $131K-22.5% | $169K-50.3% | $340K+157.6% | $132K-29.4% | $187K |
| Net Income | -$6.4M+13.8% | -$7.4M-13.0% | -$6.5M+90.0% | -$65.6M-84.8% | -$35.5M-14.8% | -$30.9M-41.6% | -$21.8M+61.0% | -$55.9M |
| EPS (Diluted) | $-0.05+16.7% | $-0.06-20.0% | $-0.05+91.4% | $-0.58-93.3% | $-0.30-7.1% | $-0.28-47.4% | $-0.19+62.0% | $-0.50 |
SFIX Balance Sheet
| Metric | Q1'26 | Q3'25 | Q2'25 | Q2'24 | Q1'25 | Q2'23 | Q3'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $530.7M+9.5% | $484.7M+2.6% | $472.6M-2.9% | $486.9M-22.0% | $624.0M+1.6% | $614.5M-6.9% | $660.0M-11.4% | $744.7M |
| Current Assets | $435.4M+16.6% | $373.3M+5.8% | $352.9M-3.8% | $366.7M-18.6% | $450.3M+5.8% | $425.5M-6.6% | $455.7M-2.3% | $466.6M |
| Cash & Equivalents | $114.5M+5.1% | $108.9M-3.8% | $113.2M-30.5% | $162.9M-36.6% | $256.9M+7.3% | $239.4M+23.7% | $193.6M+70.8% | $113.3M |
| Inventory | $141.5M+23.7% | $114.4M+4.4% | $109.6M+11.9% | $97.9M-39.1% | $160.7M+23.1% | $130.5M-13.9% | $151.6M-31.1% | $220.2M |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $326.7M+14.9% | $284.4M+3.4% | $274.9M-8.3% | $299.8M-23.8% | $393.3M+7.1% | $367.2M-9.6% | $406.2M-9.7% | $449.9M |
| Current Liabilities | $261.6M+26.5% | $206.8M+8.2% | $191.2M-6.1% | $203.6M-24.9% | $270.9M+13.8% | $238.1M-11.8% | $270.1M-9.2% | $297.4M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $204.1M+1.8% | $200.4M+1.3% | $197.8M+5.7% | $187.0M-18.9% | $230.7M-6.7% | $247.3M-2.5% | $253.8M-13.9% | $294.8M |
| Retained Earnings | -$502.4M-3.1% | -$487.4M-1.5% | -$480.0M-2.7% | -$467.3M-25.0% | -$373.9M-10.5% | -$338.4M-9.3% | -$309.8M-39.3% | -$222.4M |
SFIX Cash Flow Statement
| Metric | Q1'26 | Q3'25 | Q2'25 | Q2'24 | Q1'25 | Q2'23 | Q3'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $10.9M-46.8% | $20.5M+226.5% | -$16.2M-297.7% | $8.2M-60.1% | $20.6M-8.8% | $22.6M-24.6% | $29.9M+397.5% | -$10.0M |
| Capital Expenditures | $5.3M+18.2% | $4.5M+40.1% | $3.2M-13.0% | $3.7M+1.5% | $3.7M-8.7% | $4.0M+15.4% | $3.5M-41.1% | $5.9M |
| Free Cash Flow | $5.6M-65.2% | $16.0M+182.3% | -$19.4M-532.5% | $4.5M-73.4% | $16.9M-8.9% | $18.6M-29.8% | $26.4M+265.9% | -$15.9M |
| Investing Cash Flow | -$5.7M+72.2% | -$20.7M-538.4% | -$3.2M+91.7% | -$39.2M-526.6% | $9.2M-68.2% | $28.9M-10.5% | $32.3M+1532.4% | -$2.3M |
| Financing Cash Flow | -$4.6M | N/A | N/A | -$3.1M | N/A | -$4.4M-17.6% | -$3.7M+3.2% | -$3.9M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | $0 | $0 | N/A |
SFIX Financial Ratios
| Metric | Q1'26 | Q3'25 | Q2'25 | Q2'24 | Q1'25 | Q2'23 | Q3'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 43.6%-0.5pp | 44.2%-0.3pp | 44.5%+3.6pp | 40.9%-2.7pp | 43.6%-1.4pp | 45.1%+2.4pp | 42.7%+0.5pp | 42.2% |
| Operating Margin | -2.5%+0.5pp | -3.0%-0.1pp | -2.9%+12.9pp | -15.8%-7.9pp | -7.9%-1.9pp | -5.9%-0.6pp | -5.3%+5.6pp | -10.9% |
| Net Margin | -1.9%+0.4pp | -2.3%-0.2pp | -2.1%+14.3pp | -16.4%-6.6pp | -9.7%-3.8pp | -6.0%-0.3pp | -5.7%+6.9pp | -12.6% |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | -1.2%+0.3pp | -1.5%-0.1pp | -1.4%+8.5pp | -9.9%-4.2pp | -5.7%-2.3pp | -3.4%-0.1pp | -3.3%+4.2pp | -7.5% |
| Current Ratio | 1.66-0.1 | 1.80-0.0 | 1.85+0.0 | 1.80+0.1 | 1.66-0.1 | 1.79+0.1 | 1.69+0.1 | 1.57 |
| Debt-to-Equity | 1.60+0.2 | 1.42+0.0 | 1.39-0.2 | 1.60-0.1 | 1.70+0.2 | 1.48-0.1 | 1.60+0.1 | 1.53 |
| FCF Margin | 1.6%-3.3pp | 4.9%+11.2pp | -6.2%-12.6pp | 6.3%+1.7pp | 4.6%+10.7pp | -6.0%-12.9pp | 6.9%+10.5pp | -3.6% |
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Frequently Asked Questions
What is Stitch Fix's annual revenue?
Stitch Fix (SFIX) reported $1.3B in total revenue for fiscal year 2025. This represents a -5.3% 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 Stitch Fix's revenue growing?
Stitch Fix (SFIX) revenue declined by 5.3% year-over-year, from $1.3B to $1.3B in fiscal year 2025.
Is Stitch Fix profitable?
No, Stitch Fix (SFIX) reported a net income of -$28.7M in fiscal year 2025, with a net profit margin of -2.3%.
What is Stitch Fix's earnings per share (EPS)?
Stitch Fix (SFIX) reported diluted earnings per share of $-0.22 for fiscal year 2025. This represents a 79.4% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Stitch Fix's EBITDA?
Stitch Fix (SFIX) had EBITDA of -$12.8M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Stitch Fix's gross margin?
Stitch Fix (SFIX) had a gross margin of 44.4% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Stitch Fix's operating margin?
Stitch Fix (SFIX) had an operating margin of -3.1% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Stitch Fix's net profit margin?
Stitch Fix (SFIX) had a net profit margin of -2.3% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Stitch Fix's free cash flow?
Stitch Fix (SFIX) generated $9.3M in free cash flow during fiscal year 2025. This represents a -34.8% 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 Stitch Fix's operating cash flow?
Stitch Fix (SFIX) generated $25.6M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Stitch Fix's total assets?
Stitch Fix (SFIX) had $530.7M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Stitch Fix's capital expenditures?
Stitch Fix (SFIX) invested $16.3M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Stitch Fix's current ratio?
Stitch Fix (SFIX) had a current ratio of 1.66 as of fiscal year 2025, which is generally considered healthy.
What is Stitch Fix's debt-to-equity ratio?
Stitch Fix (SFIX) had a debt-to-equity ratio of 1.60 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Stitch Fix's return on assets (ROA)?
Stitch Fix (SFIX) had a return on assets of -5.4% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Stitch Fix's Piotroski F-Score?
Stitch Fix (SFIX) has a Piotroski F-Score of 4 out of 9, indicating neutral 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 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Stitch Fix's earnings high quality?
Stitch Fix (SFIX) has an earnings quality ratio of -0.89x, considered mixed quality. 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.
How financially healthy is Stitch Fix?
Stitch Fix (SFIX) scores 23 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.