Stitch Fix Expects 7.3 to 8.9 Percent Q2 Fiscal 2026 Revenue Growth after Solid Q1 Performance

Q1 fiscal 2026 headline results In Q1 fiscal 2026, Stitch Fix generated net revenue of $342.1 million, an increase of 7.3% compared to the prior‑year period. Net revenue per active client increased to $559, up 5.3% year-over-year, indicating stronger engagement and larger average baskets.

Active clients totalled 2.307 million, down 0.1% quarter over quarter and 5.2% year over year. Gross profit reached $149.3 million, up 3.1%, with gross margin at 43.6%, 180 basis points lower than a year earlier due to higher costs and promotions.

Profitability and cash position For the quarter, Stitch Fix reported a net loss of $6.4 million, with a net loss margin of 1.9% and diluted loss per share of $0.05. Adjusted EBITDA came in at $13.4 million, representing a 3.9% Adjusted EBITDA margin.

Net cash provided by operating activities was $10.9 million, and free cash flow totalled $5.6 million. The company ended the quarter with $244.2 million in cash, cash equivalents, and investments, and no debt on its balance sheet…