Filing Flows › Torrid Holdings (CURV) › Q1 FY26
Torrid Holdings (CURV) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Jun 9, 2025
Torrid Holdings (CURV) reported revenue of $266M for the first quarter fiscal 2026 (Q1 FY26), -5% from a year earlier and -3% from the quarter before. Operating margin was 6.0%, net earnings $5.9M (2.2% of revenue).
Torrid Holdings, Q1 FY26: revenue $266M (-5% year over year), operating margin 6.0%, net earnings $5.9M, operating cash flow −$18.0M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $266M | -3% | -5% |
| Gross profit | $101M | +9% | -12% |
| Operating profit | $16.0M | +365% | -39% |
| Net earnings | $5.9M | — | -51% |
| Operating cash flow | −$18.0M | -250% | — |
What changed
Revenue was $266.0M in Q1 FY26, down 5% year over year and down 3% from the previous quarter. Apparel was the largest line at 90% of revenue. Apparel lost $12.8M year over year (down 5%), 93% of the total change.
Gross margin was 38.1%, down 3.1 points from a year earlier. Operating profit was $16.0M, a 6.0% margin (down 3.3 points year over year). Operating expenses fell 4% while revenue fell 5%. The fastest-growing cost line was Other operating costs (+20%). Net earnings were $5.9M, down 51% year over year. The effective tax rate was 30.7%.
Operating cash flow was −$18.0M. Non-cash charges added back $9.8M of depreciation and amortization and $1.5M of share-based compensation. Working capital and other items used $35.2M. Capital expenditures of $2.5M exceeded it, leaving free cash flow of −$20.6M.
Questions
What was Torrid Holdings' revenue in the first quarter fiscal 2026?
Torrid Holdings (CURV) reported revenue of $266M for the first quarter fiscal 2026 (Q1 FY26), -5% from a year earlier and -3% from the quarter before.
Was Torrid Holdings profitable in the first quarter fiscal 2026?
Operating profit was $16.0M (6.0% of revenue) and net earnings $5.9M.
Source: Torrid Holdings 10-Q on SEC EDGAR.