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Reformation (REF) Q2 2026 earnings results (second quarter 2026)

10-Q filed Sep 11, 2026

Reformation (REF) reported revenue of $155M for the second quarter 2026 (Q2 2026), +24% from a year earlier. Operating margin was 12.3%, net earnings $12.4M (8.0% of revenue).

Revenue$155M
Year over year+24%
Quarter over quarter—
Operating margin12.3%
Net earnings$12.4M

Reformation, Q2 2026: revenue $155M (+24% year over year), operating margin 12.3%, net earnings $12.4M. The chart follows the revenue to costs, profit and cash.

Q2 2026AmountQ/QY/Y
Revenue$155M—+24%
Gross profit$103M—+28%
Operating profit$19.0M—+51%
Net earnings$12.4M—+79%

What changed

Revenue was $155.2M in Q2 2026, up 24% year over year.

Gross margin was 66.7%, up 2.2 points from a year earlier. Operating profit was $19.0M, a 12.3% margin (up 2.2 points year over year). Of the extra revenue versus a year earlier, 21% reached operating profit, above the 10% margin then. Operating expenses grew 24% against revenue growth of 24%. The fastest-growing cost line was Other operating costs (+29%). Net earnings were $12.4M, up 79% year over year. The effective tax rate was 27.5%.

Questions

What was Reformation's revenue in the second quarter 2026?

Reformation (REF) reported revenue of $155M for the second quarter 2026 (Q2 2026), +24% from a year earlier.

Was Reformation profitable in the second quarter 2026?

Operating profit was $19.0M (12.3% of revenue) and net earnings $12.4M.

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Source: Reformation 10-Q on SEC EDGAR.