SFIX

MKT CAP:$523M

Stitch Fix, Inc.

Market Cap

$523M

Consumer Cyclical·Apparel - Retail·🇺🇸 United States·NASDAQ

Consumer Cyc.·Apparel - Retail·🇺🇸·NASDAQ

Stock Price

$3.79-$1.33 (-25.98%)

Apr 23, 2026

Company Details

Stitch Fix, Inc. sells a range of apparel, shoes, and accessories through its Website and mobile application in the United States. It offers denim, dresses, blouses, skirts, shoes, jewelry, and handbags for men, women, and kids under the St...

CEO

Matthew H. Baer

IPO Date

Nov 17, 2017

Website

www.stitchfix.com

Key Metrics TTM

Revenue

$1.3B

-9.5% YoY

Net Income

-$25M

EPS (Diluted)

-$0.19

Free Cash Flow

$28M

Revenue / Share

$9.82

Gross Margin

43.8%

Operating Margin

-1.8%

Net Margin

-1.9%

FCF Margin

2.1%

P/S

0.4x

P/E

—

Earnings Reports

Q2 2026

Mar 12, 2026

$341MEPS -$0.02

Q1 2026

Dec 5, 2025

$342M+7.3%EPS -$0.05

FY 2025

Sep 25, 2025

$1.3BEPS -$0.22

Q4 2025

Sep 25, 2025

$311M-2.6%EPS -$0.07

Q3 2025

Jun 11, 2025

$325MEPS -$0.06

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 21	$490M	$219M	-$20M
Q2 21	$504M	$216M	-$40M
Q3 21	$536M	$246M	-$24M
Q4 21	$571M	$265M	$21M
Q1 22	$581M	$273M	-$2M
Q2 22	$517M	$233M	-$31M
Q3 22	$493M	$210M	-$77M
Q4 22	$482M	$193M	-$99M
Q1 23	$444M	$187M	-$49M
Q4 23	$376M	$163M	-$31M
Q4 24	$320M	$142M	-$42M
Q1 25	$319M	$145M	-$9M
Q3 25	$325M	$144M	-$10M
Q4 25	$311M	$136M	-$1M
Q1 26	$342M	$149M	-$9M
Q2 26	$341M	$149M	-$5M

Valuation

Quarter	P/S	P/E
Q1 21	2.1x	—
Q2 21	4.9x	—
Q3 21	2.4x	—
Q4 21	2.8x	—
Q1 22	1.7x	—
Q2 22	0.8x	—
Q3 22	0.5x	—
Q4 22	0.3x	—
Q1 23	0.2x	—
Q4 23	0.3x	—
Q4 24	0.4x	—
Q1 25	0.3x	—
Q3 25	0.3x	—
Q4 25	0.5x	—
Q1 26	0.4x	—
Q2 26	0.5x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 21	$57M	$51M
Q2 21	-$52M	-$60M
Q3 21	-$41M	-$51M
Q4 21	$19M	$8M
Q1 22	$142M	$125M
Q2 22	-$17M	-$31M
Q3 22	-$30M	-$38M
Q4 22	-$39M	-$47M
Q1 23	-$10M	-$16M
Q4 23	$21M	$18M
Q4 24	$9M	$4M
Q1 25	$14M	$10M
Q3 25	$21M	$16M
Q4 25	$7M	$3M
Q1 26	$11M	$6M
Q2 26	$7M	$3M

Capital Expenditures

Quarter	CapEx
Q1 21	$6M
Q2 21	$8M
Q3 21	$10M
Q4 21	$12M
Q1 22	$16M
Q2 22	$15M
Q3 22	$8M
Q4 22	$8M
Q1 23	$6M
Q4 23	$3M
Q4 24	$4M
Q1 25	$4M
Q3 25	$5M
Q4 25	$4M
Q1 26	$5M
Q2 26	$4M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 21	+10.3%	+14.7%
Q2 21	+11.6%	+22.8%
Q3 21	+44.1%	+34.0%
Q4 21	+28.8%	+20.3%
Q1 22	+18.5%	+14.3%
Q2 22	+2.5%	+0.5%
Q3 22	-8.0%	+1.8%
Q4 22	-15.6%	+5.5%
Q1 23	-23.7%	-15.6%
Q4 23	-27.3%	-25.7%
Q4 24	-35.2%	-36.6%
Q1 25	-33.8%	-43.5%
Q3 25	-26.8%	-32.0%
Q4 25	-17.2%	-23.3%
Q1 26	+7.1%	-3.0%
Q2 26	+7.1%	+5.6%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 21	$20M	4.1%
Q2 21	$25M	4.9%
Q3 21	$29M	5.4%
Q4 21	$27M	4.8%
Q1 22	$32M	5.6%
Q2 22	$32M	6.3%
Q3 22	$32M	6.4%
Q4 22	$32M	6.7%
Q1 23	$31M	7.0%
Q4 23	$24M	6.5%
Q4 24	$17M	5.3%
Q1 25	$13M	4.0%
Q3 25	$14M	4.2%
Q4 25	$0	0.0%
Q1 26	$11M	3.4%
Q2 26	$0	0.0%

OpEx Breakdown

Quarter	G&A	S&M	SG&A
Q1 21	—	—	$239M
Q2 21	—	—	$257M
Q3 21	—	—	$271M
Q4 21	—	—	$245M
Q1 22	—	—	$275M
Q2 22	—	—	$264M
Q3 22	—	—	$287M
Q4 22	—	—	$291M
Q1 23	—	—	$236M
Q4 23	—	—	$194M
Q4 24	—	—	$184M
Q1 25	—	—	$154M
Q3 25	$120M	$33M	—
Q4 25	$117M	$30M	—
Q1 26	—	—	$158M
Q2 26	—	—	$154M

War Chest

Quarter	Cash	Short-term Investments	Total
Q3 22	$138M	$97M	$235M
Q4 22	$131M	$82M	$213M
Q1 23	$113M	$90M	$203M
Q2 23	$139M	$83M	$222M
Q3 23	$194M	$50M	$244M
Q4 23	$239M	$18M	$258M
Q1 24	$257M	$5M	$262M
Q2 24	$228M	$2M	$230M
Q3 24	$197M	$48M	$245M
Q4 24	$163M	$84M	$247M
Q1 25	$137M	$116M	$253M
Q2 25	$113M	$106M	$219M
Q3 25	$109M	$125M	$234M
Q4 25	$114M	$121M	$235M
Q1 26	$114M	$130M	$244M
Q2 26	$119M	$109M	$228M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 21	109M	+6.0%	+7.8%
Q2 21	106M	-3.6%	+0.9%
Q3 21	107M	+1.1%	+3.9%
Q4 21	106M	-0.7%	+2.6%
Q1 22	108M	+2.3%	-1.0%
Q2 22	109M	+0.7%	+3.4%
Q3 22	109M	-0.4%	+1.9%
Q4 22	109M	+0.0%	+2.6%
Q1 23	112M	+3.3%	+3.7%
Q4 23	115M	+2.1%	+5.0%
Q4 24	120M	+4.8%	+10.5%
Q1 25	126M	+4.8%	+15.8%
Q3 25	130M	+3.0%	+15.5%
Q4 25	131M	+1.2%	+14.6%
Q1 26	133M	+1.5%	+10.9%
Q2 26	134M	+0.8%	+6.7%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 21	$61.3K	8K
Q2 21	$63.0K	8K
Q3 21	$66.9K	8K
Q4 21	$50.7K	11K
Q1 22	$51.6K	11K
Q2 22	$45.9K	11K
Q3 22	$43.8K	11K
Q4 22	$60.8K	8K
Q1 23	$56.0K	8K
Q4 23	$64.1K	6K
Q4 24	$54.5K	6K
Q1 25	$69.8K	5K
Q3 25	$71.1K	5K
Q4 25	$74.7K	4K
Q1 26	$82.1K	4K
Q2 26	$81.9K	4K

Revenue / Employee