Stitch Fix, Inc.

Listed Company

SFIXCIK 0001576942NasdaqAcceleratedRetail-Catalog & Mail-Order HousesDelawareFY ends Aug 2

Period

FY 2025

Revenue

$1.27B

Net Income

$-28.74M

Total Assets

$480.62M

Equity

$202.98M

Shares Out

27.03M

Op. Cash Flow

$25.57M

Business

Stitch Fix, Inc. provides an online personal styling service that pairs expert Stylists with proprietary AI and recommendation algorithms to curate apparel, shoes, and accessories. It offers curated shipments called Fixes and direct purchases via Freestyle, selling third-party brands and private label merchandise across women’s, men’s, kids, petite, maternity, plus, shoes, and accessories. The company’s operations combine styling services, data science, merchandising, fulfillment, and reverse logistics into one reportable segment. Stitch Fix serves clients across the United States through its website, mobile app, and fulfillment centers.

Summary from filing dated 2025-09-25

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-07-31	FY 2024 2024-07-31	FY 2023 2023-07-31	FY 2022 2022-07-31	FY 2021 2021-07-31
Revenue, net	1,267	1,337	1,593	2,018	2,101
Cost of goods sold	704	745	917	1,131	1,154
Gross profit	563	592	676	887	948
Selling, general, and administrative expenses	602	725	831	1,071	1,011
Operating loss	−39	−133	−155	−184	−63
Interest income	11	11	6	924,000	3
Other income (expense), net	173,000	2	−25,000	−394,000	−366,000
Loss before income taxes	−28	−121	−149	−184	−61
Provision (benefit) for income taxes	821,000	−2	871,000	−2	−52
Net loss from continuing operations	−29	−119	−150	−182	—
Net income (loss) from discontinued operations, net of income taxes	105,000	−10	−22	−26	—
Net loss	−29	−129	−172	−207	−9
Change in unrealized gains and losses on available-for-sale securities, net of tax	−99,000	267,000	2	−2	−2
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Gain (Loss) Arising During Period, Net of Tax	0	−1	2	—	—
Foreign currency translation	0	1	2	−5	2
Total other comprehensive income (loss), net of tax	−99,000	−862,000	4	−7	683,000
Comprehensive loss	−29	−130	−168	−214	−8
Basic (in dollars per share)	−0.22	−0.99	−1.31	−1.67	—
Diluted (in dollars per share)	−0.22	−0.99	−1.31	−1.67	—
Basic (in dollars per share)	0	−0.08	−0.19	−0.23	—
Diluted (in dollars per share)	0	−0.08	−0.19	−0.23	—
Basic (in dollars per share)	−0.22	−1.07	−1.5	−1.9	−0.08
Diluted (in dollars per share)	−0.22	−1.07	−1.5	−1.9	−0.08
Basic (in shares)	129	120	115	109	106
Diluted (in shares)	129	120	115	109	106

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-07-31	FY 2024 2024-07-31	FY 2023 2023-07-31	FY 2022 2022-07-31	FY 2021 2021-07-31
Cash and cash equivalents	114	163	239	131	130
Short-term investments	121	84	18	82	—
Inventory, net	118	98	131	197	212
Prepaid expenses and other current assets	21	22	28	39	51
Total current assets	374	367	425	477	522
Long-term investments	8	0	0	18	—
Property and equipment, net	43	52	80	103	87
Operating lease right-of-use assets	51	64	105	132	119
Other long-term assets	4	5	3	8	6
Total assets	481	487	614	765	819
Accounts payable	89	87	97	144	73
Operating lease liabilities	23	22	28	29	26
Accrued liabilities	76	73	70	94	99
Gift card liability	6	7	10	11	10
Deferred revenue	9	9	11	14	18
Other current liabilities	3	5	9	3	2
Current liabilities, discontinued operations	0	502,000	13	—	—
Total current liabilities	206	204	238	296	228
Operating lease liabilities, net of current portion	71	96	125	141	122
Other long-term liabilities	658,000	606,000	4	5	8
Total liabilities	278	300	367	442	358
Commitments and contingencies (Note 8)	—	—	—	—	—
Additional paid-in capital	729	685	615	523	417
Accumulated other comprehensive income (loss)	−434,000	−335,000	527,000	−4	3
Accumulated deficit	−496	−467	−338	−166	41
Treasury stock, at cost $2,302,141 and $2,302,141 shares as of August 2, 2025, and August 3, 2024, respectively	−30	−30	−30	−30	—
Total stockholders equity	203	187	247	323	461
Total liabilities and stockholders equity	481	487	614	765	819

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-07-31	FY 2024 2024-07-31	FY 2023 2023-07-31	FY 2022 2022-07-31	FY 2021 2021-07-31
Change in inventory reserves	4	−15	−18	15	9
Stock-based compensation expense	57	77	102	126	101
Depreciation, amortization, and accretion	26	44	42	—	—
Asset impairment	0	19	17	6	0
Other	50,000	−869,000	2	300,000	−4
Inventory	−25	48	76	1	−96
Prepaid expenses and other assets	1	3	11	9	−20
Income tax receivables	242,000	431,000	53	1	−32
Operating lease right-of-use assets and liabilities	−11	−12	−3	5	−2
Accounts payable	2	−10	−40	67	−12
Accrued liabilities	3	5	−20	−5	22
Deferred revenue	−601,000	−2	−3	−4	5
Gift card liability	−511,000	−4	−205,000	634,000	1
Other liabilities	−2	−7	4	−2	−9
Net cash provided by operating activities from continuing operations	26	28	73	—	—
Proceeds from sale of property and equipment	0	350,000	842,000	0	0
Purchases of property and equipment	−16	−14	−19	−45	−35
Purchases of securities available-for-sale	−198	−97	−258,000	−94	−174
Sales of securities available-for-sale	11	0	7	45	105
Maturities of securities available-for-sale	144	32	76	106	144
Net cash provided by (used in) investing activities from continuing operations	−59	−79	64	—	—
Proceeds from the exercise of stock options, net	1	1	161,000	2	26
Payments for tax withholdings related to vesting of restricted stock units	−16	−16	−15	−31	−64
Other	−93,000	−431,000	−117,000	0	−501,000
Net cash used in financing activities from continuing operations	−15	−15	−15	—	—
Net increase (decrease) in cash and cash equivalents from continuing operations	−49	−66	123	27	—
Net cash used in operating activities from discontinued operations	−397,000	−10	−15	−20	—
Net cash used in investing activities from discontinued operations	0	0	−150,000	−1	—
Net cash used in financing activities from discontinued operations	0	−172,000	−454,000	−670,000	—
Net decrease in cash and cash equivalents from discontinued operations	−397,000	−10	−16	−22	—
Effect of exchange rate changes on cash and cash equivalents	0	−688,000	2	—	—
Net increase (decrease) in cash and cash equivalents	−49	−77	109	1	−14
Cash paid for income taxes	814,000	1	1	868,000	461,000
Purchases of property and equipment included in accounts payable and accrued liabilities	1	1	1	2	4
Capitalized stock-based compensation	3	5	6	8	6

Filings

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