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How Torrid Holdings (CURV) makes money

Torrid Holdings (CURV) made $232M of revenue in the second quarter fiscal 2027 (Q2 FY27), -12% from a year earlier. Apparel brought in $213M (92%); Non-apparel brought in $9.7M (4%); Other brought in $9.3M (4%). Of every dollar of revenue, 39¢ was left as gross profit, 6¢ was left as operating profit, 2¢ was left as net earnings.

Drawing the Sankey…

Torrid Holdings revenue by segment, Q2 FY27Torrid Holdings revenue by segment, Q2 FY27Apparel$213MNon-apparel$9.7MOther$9.3M
Torrid Holdings: revenue by line, Q4 FY25 to Q2 FY27Torrid Holdings: revenue by line, Q4 FY25 to Q2 FY27ApparelNon-apparelOtherApparel: $213M latest$213MNon-apparel: $9.7M latestOther: $9.3M latestQ4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27Q2 FY27
Non-apparel went from 7% of revenue in Q4 FY25 to 4% in Q2 FY27, the largest shift in the mix.
Torrid Holdings revenue by quarterTorrid Holdings revenue by quarter$276MQ4 FY25$266MQ1 FY26$263MQ2 FY26$235MQ3 FY26$236MQ4 FY26$246MQ1 FY27$232MQ2 FY27
Torrid Holdings: where each dollar of revenue goesTorrid Holdings: where each dollar of revenue goesCost of revenue61¢Gross profit39¢Operating expenses32¢Operating profit6¢Income tax1¢Net earnings2¢

Revenue by segment, Q2 FY27

SegmentRevenueShareQ/QY/Y
Apparel$213M91.8%-7%-12%
Non-apparel$9.7M4.2%+1%-28%
Other$9.3M4.0%+10%+18%

Where each dollar of revenue goes

LineQ2 FY27% of revenue
Revenue$232M100.0%
Cost of revenue$142M61.3%
Gross profit$89.7M38.7%
Operating expenses$75.2M32.5%
Operating profit$14.5M6.3%
Income tax$1.4M0.6%
Net earnings$5.2M2.2%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q2 FY27$232M-12%
Q1 FY27$246M-8%
Q4 FY26$236M-14%
Q3 FY26$235M-11%
Q2 FY26$263M-8%
Q1 FY26$266M-5%
Q4 FY25$276M-6%

From Torrid Holdings' 10-Q filed Sep 10, 2026 (on EDGAR).

Questions

How does Torrid Holdings make money?

Torrid Holdings (CURV) made $232M of revenue in the second quarter fiscal 2027 (Q2 FY27), -12% from a year earlier. Apparel brought in $213M (92%); Non-apparel brought in $9.7M (4%); Other brought in $9.3M (4%). Of every dollar of revenue, 39¢ was left as gross profit, 6¢ was left as operating profit, 2¢ was left as net earnings.

What is Torrid Holdings' biggest business?

Apparel: $213M in the second quarter fiscal 2027, 92% of revenue, -12% from a year earlier.

What is Torrid Holdings' profit margin?

Net earnings were $5.2M, 2.2% of revenue, in the second quarter fiscal 2027; the operating margin was 6.3%.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.