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Stitch Fix SFIX Inventory write-downs

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Other financials

Income statement

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Revenue$340.3M+4.7%
Gross profit$148.8M+3.7%
Operating income-$4.0M+58.6%
Net income-$1.5M+79.3%
EPS (diluted)-$0.01+83.3%

Balance sheet

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Cash & equivalents$87.3M-19.8%
Total debt$74.5M-24.9%
Total equity$201.5M+0.5%
Total assets$506.0M+4.4%

Cash flow

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Operating cash flow$11.8M-42.6%
CapEx$5.3M+16.3%
Free cash flow$6.5M-59.2%

Valuation

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Market cap$573.73M+16.3%
Enterprise value$560.93M+16.0%
P/S0.4×0.0×

Profitability

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Gross margin43.7%-1.0pp
Operating margin-2.1%-0.8pp
Net margin-1.4%-0.6pp
FCF margin1.4%+0.5pp

Returns & leverage

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Return on equity-9.5%-3.8pp
Debt / equity0.4×-0.1×
Current ratio1.5×-0.3×

Where this comes from

Reported directly by Stitch Fix in its filing.

Tagged under the XBRL concept us-gaap:InventoryWriteDown.

The official record: Stitch Fix’s 10-Q, filed March 12, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Stitch Fix's inventory write-downs?
Stitch Fix (SFIX) reported inventory write-downs of $4.08M in Q4 2025.
What is the long-term trend for Stitch Fix's inventory write-downs?
Over 3 years (2021 to 2024), Stitch Fix's inventory write-downs has grown at a 19.4% compound annual growth rate (CAGR), from $8.88M to -$15.09M.
What does inventory write-downs mean?
This metric represents the non-cash adjustment to earnings resulting from the reduction in the carrying value of inventory due to obsolescence, damage, or market price declines. It reflects the company's ability to manage inventory health and minimize losses from unsold merchandise. High levels of write-downs may indicate inefficiencies in demand forecasting or merchandising strategy.