← Stitch Fix, Inc.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net Income From Continuing Operations | — | — | — | — | — | — | ($181.6m) | ($150.3m) | ($118.9m) | ($28.8m) | ($19.1m) | |
| Net loss from continuing operations | — | — | — | — | — | — | ($181.6m) | ($150.3m) | ($118.9m) | ($28.8m) | — | |
| Net Income (Loss) Attributable to Parent | — | — | $44.9m |
$36.9m
-17.86%
|
($67.1m)
-281.98%
|
($8.9m)
+86.78%
|
($207.1m)
-2233.49%
|
($172.0m)
+16.97%
|
($128.8m)
+25.08%
|
($28.7m)
+77.69%
|
— | |
| Net Income (Loss) Available to Common Stockholders, Basic | — | — | $35.5m |
$36.9m
+3.72%
|
($67.1m)
-282.07%
|
($8.9m)
+86.78%
|
($207.1m)
-2233.49%
|
($172.0m)
+16.97%
|
($128.8m)
+25.08%
|
($28.7m)
+77.69%
|
— | |
| Depreciation, Depletion and Amortization | — | — | $10.5m | $16.1m | $22.6m | $27.6m | $35.0m | $42.3m | $44.9m | $26.1m | $24.1m | |
| Depreciation, amortization, and accretion | $3.5m | $7.7m | $10.5m | $14.3m | $22.6m | $29.9m | $37.2m | $42.1m | $44.5m | $26.1m | $24.1m | |
| Depreciation Amortization Depletion | — | — | — | — | — | — | $35.7m | $42.1m | $44.5m | $26.1m | $24.1m | |
| Depreciation, Amortization and Accretion, Net | — | — | — | $14.3m | $22.6m | $29.9m | $37.2m | $43.3m | $44.5m | $26.1m | $24.1m | |
| Deferred Income Tax Expense (Benefit) | — | — | $6.6m | ($8.2m) | ($20.3m) | — | — | — | — | $0 | — | |
| Share-based Payment Arrangement, Noncash Expense | — | — | $15.4m | $35.3m | $67.5m | $100.7m | $128.5m | $104.5m | $76.8m | $56.7m | $50.1m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | — | — | — | $6.7m | $12.8m | $64.3m | $31.7m | $15.6m | $16.1m | $16.0m | — | |
| Share-based Payment Arrangement, Expense | — | — | — | — | — | — | — | ($4.4m) | — | — | $50.1m | |
| Stock-based compensation expense | $1.9m | $3.5m | $15.4m | $35.3m | $67.5m | $100.7m | $128.5m | $104.5m | $76.8m | $56.7m | $50.1m | |
| Capitalized stock-based compensation | $58k | $164k | $883k | $1.8m | $2.5m | $5.7m | $7.6m | $6.4m | $5.0m | $2.9m | — | |
| Operating Lease, Impairment Loss | — | — | — | — | — | — | $5.4m | $14.2m | $16.6m | $0 | — | |
| Asset impairment | — | — | — | — | $0 | $0 | $6.2m | $18.2m | $19.3m | $0 | $0 | |
| Other Nonoperating Income (Expense) | — | — | $1.0m | $1.5m | ($1.6m) | ($366k) | ($2.4m) | $1.1m | $1.6m | $173k | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Change In Working Capital | — | — | — | — | — | — | $73.9m | $78.5m | $22.5m | ($32.8m) | ($25.0m) | |
| Income tax receivables | — | — | — | ($1.0m) | ($6.5m) | ($31.7m) | $1.1m | $53.0m | $431k | $242k | — | |
| Change In Receivables | — | — | — | — | — | — | $1.1m | $53.0m | $431k | $242k | $242k | |
| Increase (Decrease) in Inventories | — | — | $19.4m | $41.2m | $15.2m | $96.1m | $2.6m | ($78.4m) | ($47.7m) | $24.8m | ($23.0m) | |
| Inventory Write-down | — | — | $1.9m | $8.0m | $8.8m | $8.9m | $16.6m | ($18.0m) | ($15.1m) | $4.3m | — | |
| Change in inventory reserves | $5.9m | $3.6m | $1.9m | $8.0m | $8.8m | $8.9m | $16.6m | ($18.0m) | ($15.1m) | $4.3m | ($23.0m) | |
| Inventory | ($26.5m) | ($26.4m) | ($19.4m) | ($41.2m) | ($15.2m) | ($96.1m) | ($2.6m) | $78.4m | $47.7m | ($24.8m) | ($23.0m) | |
| Change In Inventory | — | — | — | — | — | — | $1.5m | $76.0m | $47.7m | ($24.8m) | ($23.0m) | |
| Increase (Decrease) in Accounts Payable | $10.2m | $7.8m | $35.5m | $10.8m | ($5.5m) | ($12.4m) | $71.3m | ($44.3m) | ($9.7m) | $2.0m | $17.2m | |
| Purchases of property and equipment included in accounts payable and accrued liabilities | $2.2m | $111k | $795k | $5.3m | $4.1m | $3.8m | $2.4m | $1.2m | $1.3m | $1.1m | ($18.8m) | |
| Change In Payables And Accrued Expense | — | — | — | — | — | — | $62.5m | ($60.1m) | ($4.4m) | $5.2m | $17.2m | |
| Accrued capital expenditures | — | — | $16.6m | $30.8m | $30.2m | $35.3m | $46.4m | $19.0m | $14.0m | $16.3m | — | |
| Accrued liabilities | $10.9m | $17.7m | ($3.6m) | $22.9m | $8.3m | $22.0m | ($2.6m) | ($19.1m) | $5.3m | $3.1m | ($2.6m) | |
| Deferred revenue | $1.6m | $2.7m | $1.7m | $3.3m | $1.1m | $5.1m | ($3.7m) | ($2.9m) | ($2.1m) | ($601k) | — | |
| Change In Accrued Expense | — | — | — | — | — | — | ($4.9m) | ($19.7m) | $5.3m | $3.1m | ($2.6m) | |
| Increase (Decrease) in Other Operating Liabilities | — | — | $4.8m | $12.5m | $3.6m | ($9.1m) | ($2.2m) | $4.2m | ($6.6m) | ($2.1m) | — | |
| Other | — | — | $155k | $148k | $882k | ($3.6m) | $300k | ($117k) | ($431k) | ($93k) | — | |
| Prepaid expenses and other assets | ($9.5m) | ($7.6m) | ($17.3m) | ($16.8m) | ($6.7m) | ($20.1m) | $8.1m | $14.5m | $3.1m | $1.2m | — | |
| Other liabilities | $10.5m | $6.3m | $4.8m | $12.5m | $3.6m | ($9.1m) | ($2.2m) | $4.2m | ($6.6m) | ($2.1m) | — | |
| Change In Other Current Liabilities | — | — | — | — | — | — | ($1.6m) | $4.1m | ($10.2m) | ($2.6m) | ($1.8m) | |
| Net Cash Provided by (Used in) Operating Activities | $45.1m |
$38.6m
-14.39%
|
$72.2m
+86.87%
|
$78.6m
+8.89%
|
$42.9m
-45.44%
|
($15.7m)
-136.56%
|
$55.4m
+453.40%
|
$57.8m
+4.40%
|
$28.2m
-51.22%
|
($397k)
-101.41%
|
$37.0m
+9422.92%
|
|
| Cash flows from investing activities: | ||||||||||||
| Gain (Loss) on Disposition of Property Plant Equipment | $0 | $0 | ($155k) | ($148k) | — | $0 | $0 | $842k | $350k | $0 | — | |
| Payments to Acquire Property, Plant, and Equipment | ($15.2m) | ($17.1m) | $16.6m | $30.8m | $30.2m | $35.3m | $46.4m | $19.0m | $14.0m | $16.3m | ($18.8m) | |
| Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-sale | — | — | — | $80.2m | $171.5m | $143.6m | $105.7m | $76.2m | $32.2m | $144.3m | — | |
| Net cash provided by (used in) investing activities from continuing operations | — | — | — | — | — | — | $11.6m | $64.5m | ($78.7m) | ($59.1m) | ($26.5m) | |
| Net cash used in investing activities from discontinued operations | — | — | — | — | — | — | ($1.4m) | ($150k) | $0 | $0 | ($26.5m) | |
| Net Cash Provided by (Used in) Investing Activities | — | — | ($16.6m) | ($225.2m) | ($70.5m) | $39.1m | $10.2m | $64.3m | ($78.7m) | — | ($26.5m) | |
| Cash flows from financing activities: | ||||||||||||
| Repurchase Of Capital Stock | — | — | — | — | — | — | ($30.0m) | $0 | $0 | — | $0 | |
| Net Common Stock Issuance | — | — | — | — | — | — | ($30.0m) | $0 | $0 | — | $0 | |
| Payments for Repurchase of Common Stock | — | — | $39k | $0 | $0 | — | $30.0m | $0 | $0 | — | — | |
| Common Stock Payments | — | — | — | — | — | — | ($30.0m) | $0 | $0 | — | $0 | |
| Net Other Financing Charges | — | — | — | — | — | — | ($31.1m) | ($15.2m) | ($16.5m) | ($16.1m) | ($18.7m) | |
| Net cash used in financing activities from continuing operations | — | — | — | — | — | — | ($59.6m) |
($15.1m)
+74.68%
|
($15.5m)
-2.70%
|
($15.0m)
+3.40%
|
($32.1m)
-114.42%
|
|
| Net cash used in financing activities from discontinued operations | — | — | — | — | — | — | ($670k) |
($454k)
+32.24%
|
($172k)
+62.11%
|
$0
+100.00%
|
($32.1m) | |
| Net Cash Provided by (Used in) Financing Activities | — | — | $134.8m |
$6.9m
-94.85%
|
($1.4m)
-120.66%
|
($38.9m)
-2609.76%
|
($60.2m)
-54.94%
|
($15.5m)
+74.21%
|
($15.5m)
+0.30%
|
— | ($32.1m) | |
| Net increase (decrease) in cash and cash equivalents from continuing operations | — | — | — | — | — | — | $27.3m | $122.6m | ($66.0m) | ($48.5m) | — | |
| Net increase (decrease) in cash and cash equivalents | $30.4m | $18.5m | $190.4m | ($139.6m) | ($29.0m) | ($15.5m) | $5.4m | $108.5m | ($76.6m) | ($48.9m) | — | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | $190.4m | ($139.6m) | — | — | — | $108.5m | ($76.6m) | ($48.9m) | $87.3m | |
| Beginning Cash Position | — | — | — | — | — | — | $129.8m | $130.9m | $239.4m | $162.9m | $108.9m | |
| Cash and cash equivalents at beginning of period | $101.5m | $120.0m | $310.4m | $170.9m | $143.5m | $129.8m | $130.9m | $239.4m | $162.9m | $114.0m | — | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | $211k | $1.5m | $1.8m | ($4.2m) | $1.9m | ($688k) | — | $0 | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | $310.4m | $170.9m | $143.5m | $129.8m | $130.9m | $239.4m | $162.9m | $114.0m | $87.3m | |
| Effect of exchange rate changes on cash and cash equivalents | — | — | — | — | $1.5m | $1.8m | ($4.2m) | $1.9m | ($688k) | $0 | $0 | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Net decrease in cash and cash equivalents from discontinued operations | — | — | — | — | — | — | ($21.9m) | ($16.0m) | ($9.9m) | ($397k) | — | |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | — | — | — | — | — | — | — | — | ($118.9m) | ($28.8m) | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | — | — | — | — | — | — | — | — | ($10.0m) | $105k | — | |
| Income Tax Expense (Benefit) | — | — | $9.8m | ($6.1m) | $19.4m | ($52.2m) | ($2.3m) | $1.5m | ($1.7m) | $821k | — | |
| Operating Lease, Lease Income | — | — | — | — | $1.7m | $876k | — | — | — | — | — | |
| Operating lease right-of-use assets and liabilities | — | — | — | $0 | $394k | ($1.8m) | $4.3m | ($3.9m) | ($11.9m) | ($11.4m) | — | |
| Additional Financial Items | ||||||||||||
| Proceeds from Stock Options Exercised | — | — | $5.8m | $13.7m | $12.1m | $25.9m | $1.5m | $161k | $1.0m | $1.1m | — | |
| Gain (Loss) on Termination of Lease | — | — | — | — | — | — | — | — | ($1.5m) | $0 | — | |
| Gift card liability | $1.5m | $2.0m | $1.6m | $825k | $1.4m | $1.3m | $649k | ($197k) | ($3.6m) | ($511k) | — | |
| Purchases of securities available-for-sale | — | $0 | $0 | ($285.2m) | ($248.3m) | ($173.7m) | ($94.4m) | ($258k) | ($97.3m) | ($197.9m) | — | |
| Sales of securities available-for-sale | — | $0 | $0 | $10.6m | $36.6m | $104.5m | $45.4m | $6.5m | $0 | $10.7m | — | |
| Maturities of securities available-for-sale | — | $0 | $0 | $80.2m | $171.5m | $143.6m | $105.7m | $76.2m | $32.2m | $144.3m | — | |
| Proceeds from the exercise of stock options, net | $436k | $2.3m | $5.8m | $13.7m | $12.1m | $25.9m | $1.5m | $161k | $1.0m | $1.1m | — | |
| Payments for tax withholdings related to vesting of restricted stock units | — | $0 | ($596k) | ($6.7m) | ($12.8m) | ($64.3m) | ($31.7m) | ($15.6m) | ($16.1m) | ($16.0m) | — | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | ($59.6m) | ($15.1m) | ($15.5m) | ($15.0m) | ($32.1m) | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | $11.6m | $64.5m | ($78.7m) | ($59.1m) | ($26.5m) | |
| Cash Flow From Discontinued Operation | — | — | — | — | — | — | ($21.9m) | ($16.0m) | ($9.9m) | ($397k) | $1k | |
| Change In Account Payable | — | — | — | — | — | — | $67.4m | ($40.4m) | ($9.7m) | $2.0m | $17.2m | |
| Change In Other Working Capital | — | — | — | — | — | — | $1.1m | ($5.8m) | ($14.1m) | ($12.0m) | ($13.3m) | |
| Change In Payable | — | — | — | — | — | — | $67.4m | ($40.4m) | ($9.7m) | $2.0m | $17.2m | |
| Change In Prepaid Assets | — | — | — | — | — | — | $9.3m | $11.3m | $3.1m | $1.2m | ($1.7m) | |
| Changes In Cash | — | — | — | — | — | — | $5.4m | $106.6m | ($75.9m) | ($48.9m) | ($21.6m) | |
| End Cash Position | — | — | — | — | — | — | $130.9m | $239.4m | $162.9m | $114.0m | $87.3m | |
| Financing Cash Flow | — | — | — | — | — | — | ($59.6m) |
($15.1m)
+74.68%
|
($15.5m)
-2.70%
|
($15.0m)
+3.40%
|
($32.1m)
-114.42%
|
|
| Free Cash Flow | — | — | — | — | — | — | $30.3m | $54.4m | $14.2m | $9.3m | $18.2m | |
| Investing Cash Flow | — | — | — | — | — | — | $11.6m | $64.5m | ($78.7m) | ($59.1m) | ($26.5m) | |
| Net PPE Purchase And Sale | — | — | — | — | — | — | ($45.0m) | ($18.0m) | ($13.6m) | ($16.3m) | ($18.8m) | |
| Other Non Cash Items | — | — | — | — | — | — | $300k | $1.9m | ($869k) | $50k | — | |
| Proceeds From Stock Option Exercised | — | — | — | — | — | — | $1.5m | $161k | $1.0m | $1.1m | $1.7m | |
| Provisionand Write Offof Assets | — | — | — | — | — | — | $14.7m | ($17.9m) | ($15.1m) | $4.3m | $5.2m | |
| Purchase Of PPE | — | — | — | — | — | — | ($45.0m) | ($18.9m) | ($14.0m) | ($16.3m) | ($18.8m) | |
| Sale Of PPE | — | — | — | — | — | — | $0 | $842k | $350k | $0 | $17k | |
| Stock Based Compensation | — | — | — | — | — | — | $126.1m | $102.1m | $76.8m | $56.7m | $50.1m | |
| Net Investment Purchase And Sale | — | — | — | — | — | — | $56.6m | $82.5m | ($65.1m) | ($42.8m) | ($7.7m) | |
| Purchase Of Investment | — | — | — | — | — | — | ($94.4m) | ($258k) | ($97.3m) | ($197.9m) | ($137.8m) | |
| Sale Of Investment | — | — | — | — | — | — | $151.0m | $82.8m | $32.2m | $155.0m | $130.1m | |
| Supplemental disclosure of cash flow information: | ||||||||||||
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | $1.1m | $108.5m | ($76.6m) | ($48.9m) | — | |
| Income Taxes Paid, Net | $39.4m | $28.0m | $10.1m | $966k | $365k | $461k | $868k | $1.1m | $1.5m | $814k | — |