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Get filing alertsStitch Fix reports Q3 revenue growth, first sequential client gain, raises FY2026 guidance
Filed June 10, 2026 · Period ending June 10, 2026 · ~1 min read
Key Changes
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high
Q3 net revenue $340.3M (up 4.7% YoY), adjusted EBITDA $13.2M (3.9% margin), both exceeding expectations; active clients 2.309M (up 0.9% QoQ, down 1.9% YoY) marking first sequential gain in recent quarters.
Exhibit 99.1 view on EDGAR → -
high
Raised full-year FY2026 guidance: net revenue $1.346B–$1.351B (6.2%–6.6% YoY growth), adjusted EBITDA $49M–$52M (3.7%–3.9% margin), expects positive free cash flow for the full year.
Exhibit 99.1 view on EDGAR → -
high
Q4 FY2026 guidance: net revenue $322M–$327M (3.5%–5.1% YoY growth), adjusted EBITDA $7M–$10M (2.2%–3.1% margin), implying sequential margin decline from Q3's 3.9%.
Exhibit 99.1 view on EDGAR → -
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Net revenue per active client rose 6.6% YoY to $578, indicating improved engagement; gross margin declined 50 basis points to 43.7%; net loss $1.5M ($0.01 per diluted share).
Exhibit 99.1 view on EDGAR → -
medium
Repurchased 4.5M shares of Class A common stock for $15.1M (average ~$3.36/share) in Q3; ended quarter with in cash and no debt.
Exhibit 99.1 view on EDGAR →
Summary
Stitch Fix delivered its fifth consecutive quarter of year-over-year revenue growth and achieved a significant milestone: sequential active-client growth for the first time in recent quarters. Q3 net revenue of $340.3 million (up 4.7% year-over-year) and adjusted EBITDA of $13.2 million (3.9% margin) both exceeded expectations, while active clients rose 0.9% quarter-over-quarter to 2.309 million.
The sequential client gain, though modest, suggests the company's improvements to client experience and product assortment are beginning to stabilize the user base after a prolonged period of declines. Net revenue per active client climbed 6.6% year-over-year to $578, indicating stronger engagement among existing clients.
Management raised full-year FY2026 guidance, now expecting net revenue of $1.346 billion to $1.351 billion (6.2% to 6.6% growth) and adjusted EBITDA of $49 million to $52 million (3.7% to 3.9% margin), with positive free cash flow for the year. The company also repurchased 4.5 million shares for $15.1 million during the quarter and ended with in cash and no debt. For retail holders, the key question is whether the sequential client growth can be sustained: the company remains down 1.9% year-over-year in active clients, and Q4 guidance implies a sequential margin decline. Continued sequential client gains in coming quarters would validate the turnaround thesis.
Section-by-Section Diff
Event · Exhibit 99.1
Stitch Fix reported Q3 FY2026 results with 4.7% revenue growth, sequential active-client gains, and raised full-year guidance.
Added in current filing · view on EDGAR →
Net revenue of $340.3 million, an increase of 4.7% year-over-year. ... Active clients of 2.309 million, an increase of 0.9% quarter-over-quarter and a decrease of 1.9% year-over-year. ... Net revenue per active client of $578, an increase of 6.6% year-over-year. ... Gross margin of 43.7%, a decrease of 50 basis points year-over-year. ... Net loss of $1.5 million and net loss margin of 0.4%; diluted loss per share of $0.01. ... Adjusted EBITDA of $13.2 million and Adjusted EBITDA margin of 3.9%. ... Net cash provided by operating activities of $11.8 million and free cash flow of $6.5 million.
Stitch Fix delivered its fifth consecutive quarter of year-over-year revenue growth on an adjusted basis, with Q3 net revenue of $340.3 million (up 4.7% year-over-year) and adjusted EBITDA of $13.2 million (3.9% margin), both exceeding expectations. The company achieved sequential active-client growth (up 0.9% quarter-over-quarter to 2.309 million) for the first time in recent quarters, though active clients remain down 1.9% year-over-year. Net revenue per active client rose 6.6% year-over-year to $578, indicating improved client engagement. Gross margin declined 50 basis points to 43.7%, and the company posted a small net loss of $1.5 million ($0.01 per diluted share). Free cash flow was $6.5 million.
Added in current filing · view on EDGAR →
Stitch Fix’s updated financial outlook for fiscal year 2026 is as follows: ... Net Revenue $1.346 billion - $1.351 billion 6.2% - 6.6% YoY ... Adjusted EBITDA $49 million - $52 million 3.7% - 3.9% margin ... The Company expects full fiscal year 2026 gross margin to be between 43% and 44%. It expects full fiscal year 2026 advertising expense as a percentage of revenue to be between 9% and 10%. It also expects to be free cash flow positive for the full year.
Stitch Fix raised its full-year FY2026 outlook, now expecting net revenue of $1.346 billion to $1.351 billion (6.2% to 6.6% year-over-year growth) and adjusted EBITDA of $49 million to $52 million (3.7% to 3.9% margin). The company also expects full-year gross margin of 43% to 44%, advertising expense of 9% to 10% of revenue, and positive free cash flow for the full year. The updated guidance reflects stronger-than-expected Q3 performance and confidence in the company's strategic execution.
Event · Item 2.02 — Results of Operations and Financial Condition
Stitch Fix announced Q3 FY2026 financial results for the quarter ended May 2, 2026, with a conference call scheduled for June 10, 2026.
Added in current filing · verify on EDGAR →
On June 10, 2026, Stitch Fix, Inc. (the “Company”) announced its financial results for the third quarter of fiscal 2026, ended May 2, 2026.
Stitch Fix disclosed financial results for its third fiscal quarter of 2026, which ended May 2, 2026. The 8-K itself does not contain the actual financial figures; those are in the attached press release (Exhibit 99.1). The company scheduled a conference call for the same day at 2:00 p.m. Pacific Time to discuss the results.
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