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…
