Stitch Fix Reports $1.35 Billion In Fiscal 2026 Revenue And Generates $19.8 Million In Free Cash Flow
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Stitch Fix reported $1.35 billion in revenue for fiscal 2026, an increase of 6.4% year over year, supported by its efforts to improve personalized shopping, expand its merchandise assortment, and strengthen its operating model. The San Francisco-based online personal styling company also generated $53.4 million in adjusted EBITDA and $19.8 million in free cash flow during the year, although it continued to report a GAAP net loss. For the fourth quarter ended August 1, 2026, Stitch Fix reported $324.4 million in revenue, an increase of 4.2% from the comparable period of fiscal 2025. Quarterly gross margin remained unchanged at 43.6%. The company reported a $2.1 million net loss, equivalent to a diluted loss of $0.02 per share. Adjusted EBITDA reached $10.8 million, representing an adjusted EBITDA margin of 3.3%. Stitch Fix also generated $9.1 million in operating cash flow and $4.4 million in free cash flow during the quarter. The company's active customer base declined modestly. Stitch Fix ended the quarter with 2.277 million active clients, representing a decrease of 1.4% both sequentially and year over year. However, revenue per active client increased 7.8% to $592, indicating higher spending among its remaining active customer base. For the full fiscal year, Stitch Fix generated $588.5 million in gross profit, an increase of 4.5%. Its annual gross margin declined by 70...
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