Stitch Fix has started fiscal 2026 with a return to top‑line growth, reporting higher revenue and client spend while still facing a smaller active client base. For the first quarter ended November 1, 2025, net revenue reached $342.1 million, representing a 7.3% year-over-year increase, as existing clients spent more per order.
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. Client trends and engagement While the active client base declined to 2.307 million, net revenue per active client climbed to $559, up 5.3% year over year.
This indicates that remaining clients are spending more per Fix, supported by higher average order values and a curated assortment.
Management stated that revenue per active client has now grown year over year for seven consecutive quarters, suggesting progress in positioning Stitch Fix as a higher‑value personalized styling service even as it works to stabilize and grow its client count…
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