Stitch Fix FY2026 10-K: Full-Year Loss Narrows to $12.6M, FY2027 Revenue to Decline
SFIX is trading near its 52-week low of $2.1 (3.3% above the low) on elevated volume (7.3× avg).
Summary
Stitch Fix's FY2026 10-K shows a narrowed full-year net loss of $12.6M, 7.2M shares repurchased for $26.4M, and FY2027 revenue expected to decline with adjusted EBITDA of $15-25M.
Key Events · Earnings and Guidance · SFIX
-
FY2026 Full-Year Net Loss Narrows to $12.6M
Net loss from continuing operations improved 56.3% to $12.6M from $28.8M in FY2025, driven by 6.4% revenue growth to $1.348B and lower SG&A as a percentage of revenue.
-
FY2027 Guidance: Revenue Decline, Adjusted EBITDA $15-25M
Management guided FY2027 revenue to decline year-over-year, with adjusted EBITDA between $15M and $25M, reflecting continued active client erosion (down 1.4% to 2.277M) and macroeconomic pressure on discretionary spending.
-
Share Repurchases: 7.2M Shares for $26.4M
Stitch Fix repurchased 7,215,166 Class A shares during FY2026 at an average price of $4.17, leaving $93.6M remaining under the $150M authorization — a notable capital deployment signal near the 52-week low.
-
$32M Securities Class Action Settlement Accrued
The company recorded a $32.0M settlement accrual for the Freestyle-related securities class action, subject to final court approval and within insurance policy limits, with a corresponding insurance recovery receivable.
Analysis · SFIX · Trade & Services
The annual report confirms the turnaround narrative from yesterday's Q4 release but adds critical full-year context: the company lost $12.6M in FY2026 (down from $28.8M), repurchased 7.2M shares for $26.4M, and guided FY2027 revenue to decline year-over-year with adjusted EBITDA of $15-25M. The stock trades near its 52-week low at $2.17, and the company faces a $32M securities class action settlement (within insurance limits) plus continued active client erosion (down 1.4% YoY to 2.277M). The repurchase program shows management deploying capital to support the stock, but the FY2027 revenue decline guidance signals the business is still shrinking.
How filings like this one have moved
In the 30 days to Oct 2, 2026, 29.9% of the 1656 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.57%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, SFIX was trading at $2.17 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $294.9M. The 52-week trading range was $2.10 to $5.75. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.