Reformation Inc. (California)

6 hours ago · prnewswire.com

Net Revenue grew over 19%; Active Customers increased 23%Gross Margin Expanded ~250 bps to 60.4%Raises Fiscal 2026 Net Revenue Growth Outlook to ~20% and Adjusted EBITDA Margin Outlook to High-End of Previous Guidance to ~14.2% LOS ANGELES, Nov. 5, 2026 /PRNewswire/ -- Reformation Inc. (NYSE: REF) (the "Company"), the sustainable women's fashion brand, today announced its financial results for the third quarter ended September 26, 2026. Third Quarter Fiscal 2026 Financial Highlights (Compared to the Third Quarter of Fiscal 2025) Net revenue increased 19.1% to $173.6 million, driven by strength across channels and geographies DTC net revenues were $152.8 million, an increase of 16.7% Wholesale and Other net revenues were $20.8 million, an increase of 40.8% Gross margin expanded 252 basis points to 60.4% Net loss was $(1.1) million or $(0.02) per share; reflecting a 165.9% effective tax rate driven by the tax impact of stock-based compensation as a result of the Company's initial public offering Adjusted EBITDA grew 64.2% to $23.1 million; adjusted EBITDA margin expanded 366 bps to 13.3% "Our strong Q3 results, marking our 22nd consecutive quarter of double-digit revenue growth, reflect the durability of our business and momentum across our strategic growth pillars," said Hali Borenstein, Chief Executive Officer.