Quarterly ResultJun 10, 2026, 04:12 PM
Stitch Fix Q3 Revenue Up 4.7% to $340.3M; Net Loss $1.5M
AI Summary
Stitch Fix announced its third quarter fiscal year 2026 financial results, reporting a 4.7% year-over-year increase in net revenue to $340.3 million. While active clients saw a slight sequential increase, they were down year-over-year. The company reported a net loss of $1.5 million but achieved positive Adjusted EBITDA of $13.2 million. Stitch Fix also repurchased $15.1 million worth of its stock and provided financial outlook for the fourth quarter.
Key Highlights
- Stitch Fix reported Q3 FY2026 net revenue of $340.3 million, a 4.7% increase year-over-year.
- Active clients decreased 1.9% year-over-year to 2.309 million, but increased 0.9% quarter-over-quarter.
- Net revenue per active client increased 6.6% year-over-year to $578.
- Gross margin was 43.7%, a decrease of 50 basis points year-over-year.
- The company reported a net loss of $1.5 million ($0.01 per diluted share) for the quarter.
- Adjusted EBITDA was $13.2 million, with an Adjusted EBITDA margin of 3.9%.
- Stitch Fix repurchased 4.5 million shares of Class A common stock for $15.1 million.
- The company provided Q4 FY2026 guidance for net revenue of $322M-$327M and Adjusted EBITDA of $7M-$10M.
Price Impact
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