| Metric | Value ($ M) | Q2 FY26 | Q3 FY25 |
|---|---|---|---|
| Revenue | 340.28 | 0.3% | 4.7% |
| Total Income | 340.28 | 0.3% | 4.7% |
| Expenditure | 344.29 | 0.5% | 2.9% |
| PBT | -1.46 | 43.6% | 79.5% |
| Net Profit | -1.53 | 42.3% | 79.3% |
| OPM | -1.18% | 0.21pp | 1.81pp |
| NPM | -0.45% | 0.33pp | 1.82pp |
| EPS | -0.01 | 50.0% | 83.3% |
Stitch Fix Announces Q3 FY26 Results with Revenue Growth and Client Milestone
11 Jun 2026 · 11 Jun, 1:43 am
Summary
Stitch Fix announced its third quarter fiscal 2026 financial results, reporting net revenue of $340.3 million, a 4.7% increase year-over-year, marking its fifth consecutive quarter of adjusted year-over-year revenue growth. The company also achieved sequential growth in active clients, reaching 2.309 million. While gross margin saw a slight decrease to 43.7%, Adjusted EBITDA was $13.2 million. Management expressed confidence in their strategy, highlighting the resonance of client experience and assortment improvements.
Key Highlights
- 1
Stitch Fix reported net revenue of $340.3 million for the third quarter of fiscal 2026, an increase of 4.7% year-over-year.
- 2
Active clients reached 2.309 million, marking sequential growth quarter-over-quarter, a significant business milestone.
- 3
Net revenue per active client increased by 6.6% year-over-year to $578.
- 4
Gross margin for the quarter was 43.7%, a decrease of 50 basis points year-over-year.
- 5
The company reported a net loss of $1.5 million and a net loss margin of 0.4% for Q3 FY26.
- 6
Adjusted EBITDA was $13.2 million, with an Adjusted EBITDA margin of 3.9%.
Management Comments
Matt Baer
In Q3, we delivered another strong quarter, reporting our fifth consecutive quarter of year-over-year revenue growth on an adjusted basis, with both revenue and adjusted EBITDA exceeding our expectations. We also hit a significant milestone with sequential growth in active clients. These results reflect our team’s consistent execution of our strategy and underscore that the improvements we’ve made to our client experience and assortment are resonating. We remain confident that our disciplined approach will enable us to continue to strengthen our position as our clients’ retailer of choice for apparel, footwear and accessories, as well as navigate today’s dynamic consumer environment.
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