Stitch Fix (SFIX) Q4 2025 Financial Results Summary

# Stitch Fix, Inc. (SFIX) Q4 2025 Financial Results Summary

SAN FRANCISCO, September 24, 2025  — Stitch Fix, Inc. (NASDAQ: SFIX), the leading online personal styling service, today released its financial results for the fourth quarter and full fiscal year 2025, which ended on August 2, 2025. The following is a summary of the key metrics and highlights from the report.

### Fourth Quarter Fiscal 2025 Key Metrics and Financial Highlights
– **Net Revenue:**
– $311.2 million, a decrease of **2.6%** year-over-year (YoY).
– Adjusted for the extra week in fiscal 2024, revenue increased **4.4%** YoY.

– **Active Clients:**
– 2.309 million, a decrease of **1.9%** quarter-over-quarter (QoQ) and a decrease of **7.9%** YoY.

– **Net Revenue Per Active Client (RPAC):**
– $549, an increase of **3.0%** YoY.

– **Gross Margin:**
– 43.6%, a decrease of **100 basis points** YoY due to transportation deleverage and lower product margins.

– **Net Loss:**
– $8.6 million, with a net loss margin of **2.8%**; diluted loss per share of $0.07.

– **Adjusted EBITDA:**
– $8.7 million with an Adjusted EBITDA margin of **2.8%**, indicating careful cost management.

– **Cash Flow:**
– Net cash provided by operating activities was $7.0 million; free cash flow stood at $2.8 million.

– **Ending Cash Position:**
– Cash, cash equivalents, and investments totaled $242.7 million, with no outstanding debt.

### Full Fiscal 2025 Key Metrics and Financial Highlights
– **Net Revenue:**
– $1.27 billion, a decrease of **5.3%** YoY; adjusted revenue decreased **3.7%** YoY accounting for the extra week.

– **Gross Margin:**
– 44.4%, an increase of **10 basis points** YoY, reflecting improved transportation leverage.

– **Net Loss:**
– $28.8 million with a net loss margin of **2.3%**; diluted loss per share of $0.22.

– **Adjusted EBITDA:**
– $49.1 million with an Adjusted EBITDA margin of **3.9%**, showcasing effective cost management.

– **Cash Flow:**
– Net cash provided by operating activities was $25.6 million; free cash flow reached $9.3 million.

### Financial Outlook for Q1 2026 and Fiscal Year 2026
– **Q1 2026 Guidance:**
– Net revenue expected between $333 million – $338 million, with a growth of **4.4% – 6.0%** YoY.
– Adjusted EBITDA projected at $8 million – $11 million, with a margin of **2.4% – 3.3%**.

– **Fiscal Year 2026 Guidance:**
– Net revenue forecasted between $1.28 billion – $1.33 billion, representing **1.0% – 5.0%** growth YoY.
– Adjusted EBITDA expected between $30 million – $45 million, with a margin of **2.3% – 3.4%**.
– Full-year gross margin anticipated to be between **43% and 44%**.

### Shareholder Returns
– Stitch Fix has not declared a quarterly dividend.
– The company has not announced any share repurchase program.

### Summary
Stitch Fix’s financial results for Q4 and FY 2025 show a mix of challenges and positive developments. Revenue saw slight reductions YoY, though on an adjusted basis there was growth, driven by improved customer experience and strategic execution. The company is managing costs effectively, reflected in its adjusted EBITDA metrics, and is positioned for potential growth in the upcoming fiscal year, aided by improvements in its operational strategies and client engagement initiatives.

This report outlines the key financial metrics and anticipated outlook for continued growth as Stitch Fix leverages its unique positioning in the personal styling market.

Here’s the extracted financial tables from the press release:

### STITCH FIX, INC. CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS
(In thousands, except share amounts)

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### STITCH FIX, INC. CONSOLIDATED BALANCE SHEETS
(In thousands, except per share amounts)