Earnings ·
Reformation reports Q3 net revenue growth of 19% to $173.6M
REFReformation Inc.
Reformation Inc. reported third-quarter fiscal 2026 results showing net revenue increased 19.1% to $173.6 million, driven by a 40.8% surge in wholesale and other sales alongside a 16.7% rise in direct-to-consumer revenue. Gross margin expanded 252 basis points to 60.4%, while adjusted EBITDA grew 64.2% to $23.1 million with an improved margin of 13.3%. The company reported a net loss of $1.1 million, or $0.02 per share, primarily due to tax impacts from its recent initial public offering and stock-based compensation expenses. Active customers increased 23.4% to 1.25 million, and the firm raised its full-year fiscal 2026 net revenue growth outlook to approximately 20%. Reformation operates as a sustainable women’s fashion brand with a global retail and e-commerce presence.