Stitch Fix, Inc. announced its financial results for the fourth quarter and full fiscal year 2026, which ended August 1, 2026. The company reported net revenue of $324.4 million for the fourth quarter, representing a 4.2% increase year-over-year. For the full fiscal year, net revenue totaled $1,348.1 million, a 6.4% increase compared to the prior year.
During the fourth quarter, the company reported a net loss of $2.1 million, or $0.02 per diluted share, with a net loss margin of 0.6%. Gross margin for the quarter was 43.6%, flat year-over-year. The company also reported an Adjusted EBITDA of $10.8 million for the quarter, with a margin of 3.3%. Free cash flow for the quarter was $4.4 million.
For the full fiscal year, Stitch Fix recorded a net loss of $12.6 million, or $0.09 per diluted share, with a net loss margin of 0.9%. The company’s Adjusted EBITDA for the year was $53.4 million, with a margin of 4.0%. Free cash flow for the full year was $19.8 million. The company ended the fiscal year with cash, cash equivalents, and investments totaling $220.9 million and reported no debt.
In terms of client metrics, the company reported 2.277 million active clients for the fourth quarter, a decrease of 1.4% year-over-year. However, net revenue per active client increased by 7.8% year-over-year to $592.
Regarding the outlook for fiscal year 2027, Stitch Fix expects net revenue to range between $1.310 billion and $1.360 billion, representing a decrease of 2.8% to 0.9% year-over-year. The company anticipates Adjusted EBITDA to be between $27 million and $42 million, with a margin between 2.1% and 3.1%. The company also expects gross margin for fiscal year 2027 to be between 43% and 44% and anticipates generating positive free cash flow for the full year. The company noted that its outlook reflects a more challenging consumer environment and a lower active client starting point.
