Here are the 10-K annual reports from Stitch Fix, Inc. (SFIX) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow SFIX and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full SFIX filings page.
Stitch Fix, Inc. (SFIX) reported fiscal 2026 revenue of $1,348.119 million, up 6.4% from $1,267.171 million in fiscal 2025. Net loss from continuing operations was $12.606 million, compared with $28.844 million; operating loss was $21.696 million, versus $38.905 million. Gross margin was 43.7%, compared with 44.4%, while cost of goods sold increased 7.9%.
Net cash provided by operating activities from continuing operations was $39.070 million, versus $25.575 million. As of August 1, 2026, Stitch Fix had $95.3 million of cash and cash equivalents and $125.6 million of investments. Its revolving credit facility had $50.0 million of borrowing availability, $33.1 million of excess availability as a result of outstanding letters of credit, and no outstanding borrowings.
Stitch Fix had approximately 2,277,000 active clients as of August 1, 2026, and $182.3 million of remaining inventory purchase commitments, predominantly due within one year. During fiscal 2026, it repurchased $26.385 million of common stock; cash used in financing activities from continuing operations was $42.325 million.
Stitch Fix reported fiscal 2025 net revenue of $1.3 billion, down 5.3% year-over-year, driven primarily by a 7.9% decline in active clients to 2,309,000. The company recorded a net loss from continuing operations of $28.8 million in fiscal 2025 versus $118.9 million in fiscal 2024, reflecting lower operating losses and restructuring actions. Gross margin improved by 10 basis points, while SG&A decreased by $123.6 million and represented 47.5% of revenue versus 54.2% a year earlier. Stitch Fix continues a multi-year transformation that included workforce reductions, closure of U.K. operations (reported as discontinued), and consolidation of fulfillment centers. Inventory reserves were $27.9 million and refund reserve $7.4 million as of August 2, 2025. The company has $120.0 million remaining share repurchase capacity and reports $50.0 million borrowing availability under its 2023 credit facility with $31.3 million excess availability. Management warns ongoing macroeconomic headwinds and client acquisition/retention challenges may affect future revenue and profitability.