Reformation Q3 revenue rises 19.1% to $173.6 million; net loss of $1.1 million
Reformation reported fiscal third-quarter net revenue up 19.1% to $173.6 million and raised its full-year fiscal 2026 net revenue outlook to $610 million to $612 million. The company swung to a net loss of $(1.1) million, or $(0.02) per share, from net income of $5.0 million a year earlier, mainly due to higher IPO-related stock-based compensation.
Key points
- Net revenue rose 19.1% to $173.6 million; DTC revenue was $152.8 million and wholesale and other was $20.8 million.
- Net loss was $(1.1) million, or $(0.02) per share, versus net income of $5.0 million, or $0.10 per diluted share, a year earlier; IPO-related stock-based compensation in SG&A was $10.5 million.
- Fiscal 2026 net revenue outlook raised to $610 million to $612 million, up from $602 million to $606 million.
- Adjusted EBITDA rose 64.2% to $23.1 million; cash and cash equivalents were $97.7 million at quarter end.
The filing
Written by AI on Nov 9, 2026, 11:43 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 05, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.