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Torrid Holdings (CURV) earnings and revenue breakdown
Latest: Q2 FY27 · 10-Q filed Sep 10, 2026 · Torrid Holdings (CURV) Q2 FY27 earnings results →
Q2 FY27 Revenue down 12% year over year to $232M · 2¢ of every $1 of revenue kept as net profit · operating margin 6.3%
Torrid Holdings made $232M in Q2 FY27 (-12% Y/Y): Apparel $213M, Non-apparel $9.7M, Other $9.3M. Operating margin 6.3%, net earnings $5.2M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Sep 10, 2026.
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What changed this quarter
Revenue was $231.7M in Q2 FY27, down 12% year over year and down 6% from the previous quarter. Apparel was the largest line at 92% of revenue. Apparel lost $28.7M year over year (down 12%), 92% of the total change.
Gross margin was 38.7%, up 3.2 points from Q2 FY26. Operating profit was $14.5M, a 6.3% margin (up 2.4 points year over year). Operating expenses fell 10% while revenue fell 12%. Net earnings were $5.2M, up 230% year over year. The effective tax rate was 21.0%.
Operating cash flow was −$1.1M. Non-cash charges added back $5.4M of depreciation and amortization and $2.3M of share-based compensation. Working capital and other items used $14.0M. Capital expenditures of $1.9M exceeded it, leaving free cash flow of −$3.0M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q2 FY27 | 10-Q | Sep 10, 2026 | $232M | -12% | 6.3% | $5.2M | −$1.1M |
| Q1 FY27 | 10-Q | Jun 11, 2026 | $246M | -8% | 3.5% | $414K | $11.2M |
| Q4 FY26 | 10-K | Mar 31, 2026 | $236M | -14% | -2.1% | −$8.1M | −$5.9M |
| Q3 FY26 | 10-Q | Dec 10, 2025 | $235M | -11% | 0.1% | −$6.4M | −$4.9M |
| Q2 FY26 | 10-Q | Sep 11, 2025 | $263M | -8% | 3.9% | $1.6M | $15.7M |
| Q1 FY26 | 10-Q | Jun 9, 2025 | $266M | -5% | 6.0% | $5.9M | −$18.0M |
| Q4 FY25 | 10-K | Apr 1, 2025 | $276M | -6% | 1.3% | −$3.0M | $12.0M |
Charts
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💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About Torrid Holdings
Torrid Holdings Inc. (“Torrid,” “we,” “us,” “our,” the “Company”) is a direct-to-consumer brand in North America dedicated to offering a diverse assortment of stylish apparel, intimates, and accessories skillfully designed for curvy women. Specializing in sizes 10 to 30, our primary focus is on providing fashionable , comfortable, and affordable options that meet the unique needs of our customers. Our extensive collection features high quality merchandise, including tops, bottoms, denim, dresses, intimates, activewear, footwear, and accessories. Our products are exclusive to us, and each product is meticulously crafted to cater to the needs of the curvy woman , empowering her to love the way she looks and feels. Our collections are artfully curated to suit all aspects of our customers’ lives, including casual weekends, work, dressy and special occasions.
In its own words, from its 10-K, filed Mar 31, 2026.
Torrid Holdings against its Retail-Apparel & Accessory Stores peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -12% against the peers' median -2%. Operating margin: 6.3% against the peers' median 5.0%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| CURV Torrid Holdings | Q2 FY27 | $232M | -12% | 6.3% |
| CTRN Citi Trends | Q2 FY27 | $212M | +11% | -0.8% |
| ZUMZ Zumiez | Q2 FY27 | $209M | -2% | -0.6% |
| TLYS Tilly's | Q2 FY27 | $164M | +8% | 5.0% |
| DLTH Duluth Holdings | Q2 FY27 | $121M | -8% | 15.5% |
| VNCE Vince Holding | Q2 FY27 | $81.8M | +12% | 16.6% |
| DBGI Digital Brands Group | Q2 2026 | $1.2M | -46% | -618.6% |
Source: Torrid Holdings 10-Q on SEC EDGAR · CIK 1792781 · Retail-Apparel & Accessory Stores
13F: who owns CURV and who is buying
More on CURV
History
Every quarter: Q2 FY27 results · Q1 FY27 results · Q4 FY26 results · Q3 FY26 results · Q2 FY26 results · Q1 FY26 results · Q4 FY25 results