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Torrid Holdings CURV Reduction of net sales

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Other financials

Income statement

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Revenue$245.8M-7.6%
Gross profit$86.8M-14.4%
Operating income$8.6M-46.6%
Net income$414.0K-93.0%
EPS (diluted)$0.00-100%

Balance sheet

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Cash & equivalents$23.3M-3.4%
Total debt$392.3M-12.5%
Total equity-$211.9M-15.3%
Total assets$402.5M-10.8%

Cash flow

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Operating cash flow$11.2M+162%
CapEx$5.5M+115%
Free cash flow$5.7M+128%

Valuation

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Market cap$175.16M-45.9%
Enterprise value$544.21M-27.3%
P/S0.2×-0.1×

Profitability

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Gross margin34%-2.6pp
Operating margin2.9%-2.3pp
Net margin-1.3%
FCF margin2.5%-1.5pp

Returns & leverage

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Return on equity6.4%
Debt / equity-1.9×
Current ratio0.8×-0.1×

Where this comes from

Reported directly by Torrid Holdings in its filing.

Tagged under the XBRL concept thi:ContractWithCustomerFutureAwardRedemptionsRecognizedAsReductionOfNetSales.

The official record: Torrid Holdings’s 10-Q, filed June 11, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Torrid Holdings's reduction of net sales?
Torrid Holdings (CURV) reported reduction of net sales of $300K in Q1 2026.
How has Torrid Holdings's reduction of net sales changed year-over-year?
Torrid Holdings's reduction of net sales decreased by 83.3% year-over-year, from $1.8M to $300K.
What does reduction of net sales mean?
This metric represents the reduction of gross revenue due to the estimated value of future awards, loyalty points, or discounts granted to customers. It reflects the accounting adjustment required to defer revenue until the performance obligation is satisfied. Understanding this is critical for reconciling gross sales to net revenue and assessing the impact of loyalty programs.