American online personal styling service Stitch Fix Inc has reported net revenue of $311.2 million in the fourth quarter (Q4) of fiscal 2025 (FY25) ended August 2, down 2.6 per cent year-over-year (YoY). Adjusting for the impact of the extra week in Q4 FY24 of $21.6 million, net revenue increased 4.4 per cent YoY.

Active clients totalled 2.309 million, down 7.9 per cent YoY. The gross margin slipped 100 basis points (bps) to 43.6 per cent, while the company posted a net loss of $8.6 million compared with $35.7 million a year earlier. Adjusted EBITDA was $8.7 million, reflecting ongoing cost discipline. It reported a basic and diluted loss per share of $0.07, an improvement from loss of $0.3 in the same quarter of fiscal 2024.

Stitch Fix has reported net revenue of $311.2 million in Q4 FY25, down 2.6 per cent YoY but up 4.4 per cent on an adjusted basis, with net loss narrowing to $8.6 million.
Full-year revenue was $1.27 billion, net loss $28.8 million, and Adjusted EBITDA $49.1 million.
With $242.7 million in cash and no debt, it projects modest growth in FY26, leveraging AI, brand partnerships, and stylists.

For full fiscal, Stitch Fix reported net revenue of $1.27 billion, down 5.3 per cent from FY24 (or 3.7 per cent adjusted). The gross margin improved slightly to 44.4 per cent, while the net loss narrowed to $28.8 million from $118.9 million in the prior year.

Adjusted EBITDA reached $49.1 million, with free cash flow of $9.3 million and year-end liquidity of $242.7 million in cash and investments, with no debt. For FY25, the company posted a basic and diluted loss per share of $0.22, compared with $1.07 in FY24, reflecting a significantly reduced net loss YoY.

“Fiscal 2025 was a milestone year for Stitch Fix. We finished the year with our second consecutive quarter of year-over-year revenue growth on an adjusted basis, and once again gained share in the US apparel market,” said Matt Baer, CEO at Stitch Fix. “Our positive momentum was driven by the successful execution of our transformation strategy, including the improvements to our client experience and assortment. Looking ahead, we will continue to fuel growth by harnessing the power of AI, our assortment of leading brands, and the human connection of our Stylists, to deliver the most client-centric and personalized shopping experience.”

Looking ahead, the company expects Q1 FY26 revenue of $333–338 million, up 4.4–6 per cent YoY, with adjusted EBITDA between $8–11 million. For full FY26, Stitch Fix projects revenue of $1.28–1.33 billion, adjusted EBITDA of $30–45 million, and gross margin between 43–44 per cent.

Fibre2Fashion News Desk (SG)