Quarterly ResultMay 5, 2026, 04:28 PM
Unifi Q3 Net Loss Narrows to $2.3M; Adj. EBITDA $4.0M
AI Summary
Unifi, Inc. reported a significant improvement in its fiscal third-quarter 2026 financial performance, with net loss narrowing to $2.3 million from $16.8 million year-over-year and Adjusted EBITDA turning positive at $4.0 million from a loss of $4.9 million. The company generated $8.0 million in cash from operating activities and reduced net debt to $68.4 million. Despite an 11.3% decrease in net sales to $130.0 million, gross profit improved substantially to $9.1 million from a gross loss of $0.4 million, driven by cost reduction efforts.
Key Highlights
- Net loss significantly narrowed to $2.3 million from $16.8 million in Q3 FY25, an 86.3% improvement.
- Adjusted EBITDA turned positive at $4.0 million, compared to a $(4.9) million loss in Q3 FY25.
- Net sales decreased 11.3% to $130.0 million from $146.6 million in the prior year quarter.
- Gross profit improved to $9.1 million (7.0% margin) from a gross loss of $(0.4) million ((0.3)% margin).
- Cash provided by operating activities was $8.0 million in Q3 FY26 and $24.4 million year-to-date.
- Net Debt reduced to $68.4 million at March 29, 2026, from $85.3 million at June 29, 2025.
- REPREVE Fiber product revenues were $38.2 million, representing 29% of net sales.
- Launched Luxel™, a new linen-inspired, easy-care performance yarn.