Filing Flows › Stitch Fix (SFIX) › Q2 FY25
Stitch Fix (SFIX) Q2 FY25 earnings results (second quarter fiscal 2025)
10-Q filed Mar 12, 2025
Stitch Fix (SFIX) reported revenue of $312M for the second quarter fiscal 2025 (Q2 FY25), -6% from a year earlier and -2% from the quarter before. Operating margin was -2.9%, net loss $6.5M (2.1% of revenue).
Stitch Fix, Q2 FY25: revenue $312M (-6% year over year), operating margin -2.9%, net loss $6.5M, operating cash flow −$16.2M. The chart follows the revenue to costs, profit and cash.
| Q2 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $312M | -2% | -6% |
| Operating profit | −$9.0M | — | — |
| Net earnings | −$6.5M | — | — |
| Operating cash flow | −$16.2M | — | — |
What changed
Revenue was $312.1M in Q2 FY25, down 6% year over year and down 2% from the previous quarter.
Gross margin was 44.5%, up 1.1 points from a year earlier. Operating costs exceeded revenue by $9.0M, an operating margin of -2.9%. Operating expenses fell 19% while revenue fell 6%. The quarter ended with a net loss of $6.5M, wider than the previous quarter's $6.3M loss. Non-operating items added $2.7M, -42% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$16.2M. Non-cash charges added back $6.6M of depreciation and amortization and $17.3M of share-based compensation. Working capital and other items used $33.6M. Capital expenditures of $3.2M exceeded it, leaving free cash flow of −$19.4M.
Questions
What was Stitch Fix's revenue in the second quarter fiscal 2025?
Stitch Fix (SFIX) reported revenue of $312M for the second quarter fiscal 2025 (Q2 FY25), -6% from a year earlier and -2% from the quarter before.
Was Stitch Fix profitable in the second quarter fiscal 2025?
Operating loss was $9.0M (-2.9% of revenue) and net loss $6.5M.
Source: Stitch Fix 10-Q on SEC EDGAR.