Business Wire·Mar 11, 2026, 4:05 PM ET

Stitch Fix Announces Second Quarter of Fiscal 2026 Financial Results

Stitch Fix reported Q2 fiscal 2026 net revenue of $341.3 million, a 9.4% increase year-over-year.
Active clients totaled 2.288 million, representing a 3.5% decrease year-over-year.
Net revenue per active client rose 7.4% year-over-year to $577.
Gross margin stood at 43.6%, down 90 basis points from the prior year.
The company reported a net loss of $2.7 million with a diluted loss per share of $0.02.
Adjusted EBITDA was $15.9 million with a margin of 4.7%.
Net cash provided by operating activities was $7.3 million, resulting in $3.4 million in free cash flow.
The company holds $240.5 million in cash, equivalents, and investments with no outstanding debt.
Q3 2026 net revenue is projected between $330 million and $335 million, reflecting 1.5% to 3.1% year-over-year growth.
Full fiscal 2026 net revenue is forecasted between $1.330 billion and $1.350 billion, indicating 5.0% to 6.5% year-over-year growth.
Full fiscal 2026 Adjusted EBITDA is expected to range from $42 million to $50 million.
Management anticipates full fiscal 2026 gross margins between 43% and 44%.
Advertising expenses for the full fiscal year are projected to be 9% to 10% of revenue.
The company expects to be free cash flow positive for the full fiscal year 2026.
CEO Matt Baer cited client experience enhancements, assortment improvements, and new AI features as drivers for increased engagement.
A conference call to discuss results is scheduled for 2:00 p.m. Pacific Time on March 11, 2026.