Stitch Fix, Inc. (SFIX) Financial Statements (2024 and earlier)

Company Profile

Business Address 1 MONTGOMERY STREET
SAN FRANCISCO, CA 94104
State of Incorp. DE
Fiscal Year End July 31
Industry (SIC) 5961 - Catalog and Mail-Order Houses (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

10/31/2023
Q1
7/31/2023
Q4
4/30/2023
Q3
1/31/2023
Q2
10/31/2022
Q1
7/31/2022
Q4
4/30/2022
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments257,598243,714221,599203,387212,984234,750
Cash and cash equivalents239,437193,575138,979113,346130,935137,721
Short-term investments18,16150,13982,62090,04182,04997,029
Receivables 67327,01292192127,56127,561
Inventory, net of allowances, customer advances and progress billings137,176151,612158,927220,163197,251213,004
Inventory137,176151,612158,927220,163197,251213,004
Disposal group, including discontinued operation      
Other undisclosed current assets30,01433,40632,97942,09539,45658,504
Total current assets:425,461455,744414,426466,566477,252533,819
Noncurrent Assets
Operating lease, right-of-use asset106,098113,605119,831140,241132,179142,847
Nontrade receivables   26,09126,09126,09126,091
Property, plant and equipment79,75786,55792,43499,847103,375104,923
Long-term investments and receivables   2,2885,37917,71348,019
Long-term investments   2,2885,37917,71348,019
Disposal group, including discontinued operation, noncurrent assets      
Other noncurrent assets3,1624,0645,5286,5627,9257,947
Total noncurrent assets:189,017204,226246,172278,120287,283329,827
TOTAL ASSETS:614,478659,970660,598744,686764,535863,646
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities178,112206,310196,574266,606256,805258,589
Taxes payable8,2627,136
Employee-related liabilities18,17811,319
Accounts payable99,317124,932104,715142,442143,934145,604
Accrued liabilities78,79581,37891,85997,72494,416112,985
Deferred revenue21,90624,46325,91723,77524,99228,301
Disposal group, including discontinued operation      
Customer refund liability 6,60010,3008,400 10,30010,800
Other liabilities8,7506,6166,0453,2353,2142,764
Other undisclosed current liabilities22,74322,40424,0133,75925916,533
Total current liabilities:238,111270,093260,949297,375295,570316,987
Noncurrent Liabilities
Long-term debt and lease obligation:    147,843141,334148,695
Liabilities, other than long-term debt129,057136,096144,3724,7014,9808,458
Other liabilities3,6394,1904,7284,7014,9808,458
Operating lease, liability125,418131,906139,644147,843141,334148,695
Total noncurrent liabilities:129,057136,096144,372152,544146,314157,153
Total liabilities:367,168406,189405,321449,919441,884474,140
Equity
Equity, attributable to parent, including:247,310253,781255,277294,767322,651389,506
Treasury stock, value(30,042)(30,042)(30,042)(30,042)(30,042)(30,042)
Additional paid in capital615,236594,207575,129552,490522,658492,320
Accumulated other comprehensive income (loss)527(632)(1,883)(5,325)(3,527)(2,676)
Accumulated deficit(338,413)(309,754)(287,929)(222,358)(166,440)(70,098)
Other undisclosed equity, attributable to parent222222
Total equity:247,310253,781255,277294,767322,651389,506
TOTAL LIABILITIES AND EQUITY:614,478659,970660,598744,686764,535863,646

Income Statement (P&L) ($ in thousands)

10/31/2023
Q1
7/31/2023
Q4
4/30/2023
Q3
1/31/2023
Q2
10/31/2022
Q1
7/31/2022
Q4
4/30/2022
Q3
Revenues375,798394,914412,118455,593481,903492,941
Cost of revenue
(Cost of Goods and Services Sold)
(213,058)(227,011)(243,001)(263,832)(289,240)(282,851)
Gross profit:162,740167,903169,117191,761192,663210,090
Operating expenses(193,950)(192,650)(235,827)(246,891)(291,280)(286,970)
Operating loss:(31,210)(24,747)(66,710)(55,130)(98,617)(76,880)
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
1,041685652(1,284)(1,259)(942)
Loss from continuing operations before equity method investments, income taxes:(30,169)(24,062)(66,058)(56,414)(99,876)(77,822)
Other undisclosed income from continuing operations before income taxes2,1322,609706773231194
Loss from continuing operations before income taxes:(28,037)(21,453)(65,352)(55,641)(99,645)(77,628)
Income tax expense (benefit)(622)(372)(219)(277)3,303(412)
Loss from continuing operations:(28,659)(21,825)(65,571)(55,918)(96,342)(78,040)
Loss before gain (loss) on sale of properties:(55,918)(96,342)(78,040)
Net loss:(28,659)(21,825)(65,571)(55,918)(96,342)(78,040)
Other undisclosed net loss attributable to parent      
Net loss attributable to parent:(28,659)(21,825)(65,571)(55,918)(96,342)(78,040)
Other undisclosed net income available to common stockholders, basic      
Net loss available to common stockholders, diluted:(28,659)(21,825)(65,571)(55,918)(96,342)(78,040)

Comprehensive Income ($ in thousands)

10/31/2023
Q1
7/31/2023
Q4
4/30/2023
Q3
1/31/2023
Q2
10/31/2022
Q1
7/31/2022
Q4
4/30/2022
Q3
Net loss:(28,659)(21,825)(65,571)(55,918)(96,342)(78,040)
Comprehensive loss:(28,659)(21,825)(65,571)(55,918)(96,342)(78,040)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent1,1591,2513,442(1,798)(851)(3,667)
Comprehensive loss, net of tax, attributable to parent:(27,500)(20,574)(62,129)(57,716)(97,193)(81,707)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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