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Stitch Fix Announces Fourth Quarter and Full Fiscal Year 2026 Financial Results

SFIX
  • Stitch Fix reported fourth quarter fiscal 2026 net revenue of $324.4 million, a 4.2% year-over-year increase, with full-year fiscal 2026 net revenue reaching $1,348.1 million, a 6.4% year-over-year increase.
  • Active clients decreased to 2.277 million in the fourth quarter, down 1.4% quarter-over-quarter and 1.4% year-over-year, while net revenue per active client rose 7.8% year-over-year to $592.
  • The company posted a net loss of $2.1 million for the quarter and $12.6 million for the full year, with adjusted EBITDA of $10.8 million for the quarter and $53.4 million for the year.
  • Gross margin remained flat at 43.6% for the quarter, while full-year gross margin decreased to 43.7% from 44.4% in the prior year.
  • Stitch Fix generated $9.1 million in net cash from operating activities for the quarter and $39.1 million for the full year, resulting in free cash flow of $4.4 million for the quarter and $19.8 million for the year.
  • The company repurchased 2.7 million shares of Class A common stock for $11.3 million during the fourth quarter.
  • Fiscal 2027 net revenue is forecasted between $1.310 billion and $1.360 billion, reflecting a potential slight decrease to a slight increase year-over-year, with adjusted EBITDA expected between $27 million and $42 million.
  • First quarter fiscal 2027 net revenue outlook is $323 million to $328 million, impacted by a shift in Fix shipment timing from Q1 2027 into Q4 2026 and a corrected post-checkout offer flow change.
  • Stitch Fix maintains a cash position of $220.9 million with no debt, and expects positive free cash flow for the full fiscal year 2027.