What is Stitch Fix's gift card liability — revenue recognized?

Stitch Fix (SFIX) reported gift card liability — revenue recognized of $235K in Q1 2026.

How has Stitch Fix's gift card liability — revenue recognized changed year-over-year?

Stitch Fix's gift card liability — revenue recognized increased by 26.3% year-over-year, from $186K to $235K.

What does gift card liability — revenue recognized mean?

This metric represents the portion of revenue recognized during the reporting period that was previously recorded as a deferred liability from the sale of gift cards. It reflects the actual redemption of gift cards by customers for merchandise or services. Tracking this helps investors understand the conversion rate of prepaid balances into realized sales.

Stitch Fix SFIX Gift card liability — Revenue recognized

Other product segments

Upfront styling fees

$4.89M+1.0%

Freestyle orders

$668K+10.0%

Style Pass annual fees

$404K-28.5%

Referral credits

$4K-60.0%

Similar metrics at other companies

LOCOGift Card Liability — Contract With Customer Liability Revenue Recognized

$295K-21.3%

SGGift Cards — Revenue recognized from gift card liability balance at the beginning of the year

$374K-9.0%

ANFGift Card — Contract with Customer, Liability, Revenue Recognized

$13.4M+39.6%

NGVCGift Cards — Contract With Customer Liability Revenue Recognized

$100K0.0%

CMGGift card liability — Revenue recognized from gift card liability balance at the beginning of the year

$56.24M+6.2%

CRIGift Cards Member — Recognized revenue from gift card liability

$4.1M+13.9%

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

See full

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:ContractWithCustomerLiabilityRevenueRecognized.

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

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Questions, answered.

What is Stitch Fix's gift card liability — revenue recognized?: Stitch Fix (SFIX) reported gift card liability — revenue recognized of $235K in Q1 2026.
How has Stitch Fix's gift card liability — revenue recognized changed year-over-year?: Stitch Fix's gift card liability — revenue recognized increased by 26.3% year-over-year, from $186K to $235K.
What does gift card liability — revenue recognized mean?: This metric represents the portion of revenue recognized during the reporting period that was previously recorded as a deferred liability from the sale of gift cards. It reflects the actual redemption of gift cards by customers for merchandise or services. Tracking this helps investors understand the conversion rate of prepaid balances into realized sales.