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Torrid Holdings CURV Pre-opening costs

Pre-opening costs at other companies

Churchill Downs logo
Churchill DownsCHDN
$3M-25.0%
Dave & Buster's Entertainment logo
Dave & Buster's EntertainmentPLAY
$5.4M-11.5%
Wynn Resorts logo
Wynn ResortsWYNN
$11.75M+122%
Sweetgreen logo
SweetgreenSG
$1.11M-34.5%
Noodles & Company logo
Noodles & CompanyNDLS
$0-100%
BJ's Restaurants logo
BJ's RestaurantsBJRI
$15K-96.6%

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 us-gaap:PreOpeningCosts.

The official record: Torrid Holdings’s 10-K, filed March 31, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Torrid Holdings's pre-opening costs?
Torrid Holdings (CURV) reported pre-opening costs of $25K in Q4 2025.
How has Torrid Holdings's pre-opening costs changed year-over-year?
Torrid Holdings's pre-opening costs decreased by 87.5% year-over-year, from $200K to $25K.
What is the long-term trend for Torrid Holdings's pre-opening costs?
Over 2 years (2023 to 2025), Torrid Holdings's pre-opening costs has grown at a -79.6% compound annual growth rate (CAGR), from $2.4M to $100K.
What does pre-opening costs mean?
These are the expenses incurred in preparing a new store or facility for operations prior to its official opening date, including marketing, staff training, and initial inventory setup. High levels of these costs indicate an aggressive physical expansion strategy. Tracking this helps investors evaluate the efficiency of the company's growth and store rollout process.