What is Tilly's's breakage — deferred revenue?

Tilly's (TLYS) reported breakage — deferred revenue of $8.7M in Q1 2026.

How has Tilly's's breakage — deferred revenue changed year-over-year?

Tilly's's breakage — deferred revenue decreased by 8.4% year-over-year, from $9.5M to $8.7M.

What does breakage — deferred revenue mean?

This metric measures the total outstanding liability associated with unredeemed gift cards and store credits that have not yet been recognized as revenue. It serves as a measure of customer prepayments and future purchasing power held within the company's ecosystem. Monitoring this balance helps assess the scale of potential future sales and the associated financial obligation.

Tilly's TLYS Breakage — Deferred Revenue

Similar metrics at other companies

TDUPGift Card — Deferred Revenue

$3.5M-53.3%

EAT

EATGift card breakage — Contract with Customer, Liability, Revenue Recognized

$2.2M-31.3%

RVL

RVLVBreakage On Store Credit And Gift Cards — Revenue

$1.3M+30.0%

TDUPGift Card Breakage — Revenue recognized

$1.3M-43.5%

AKABreakage Of Online Credit And Gift Cards — Revenue recognized

$400K+33.3%

SBUXRevenue Recognition Period Stored Value Cards and Loyalty Program Breakage — Deferred Revenue

$1.75B-5.4%

Other financials

Income statement

See full

Revenue$124.7M+15.9%

Gross profit$36.1M+69.5%

Operating income-$8.1M+64.3%

Net income-$8.0M+64.1%

EPS (diluted)-$0.15+62.3%

Balance sheet

See full

Cash & equivalents$31.2M+14.7%

Total debt$175.9M-7.3%

Total equity$77.8M-1.7%

Total assets$317.1M-5.1%

Cash flow

See full

Operating cash flow-$3.9M+52.2%

CapEx$1.4M-8.7%

Free cash flow-$5.3M+45.4%

Valuation

See full

Market cap$120.12M+214%

Enterprise value$264.76M+31.8%

P/S0.2×+0.1×

Profitability

See full

Gross margin31.4%+5.3pp

Operating margin-6.6%-0.7pp

Net margin-6.2%-1.4pp

FCF margin-2.4%—

Returns & leverage

See full

Return on equity-34.8%-2.8pp

Debt / equity2.3×-0.1×

Current ratio1.1×0.0×

Where this comes from

Reported directly by Tilly's in its filing.

Tagged under the XBRL concept us-gaap:ContractWithCustomerLiabilityCurrent.

The official record: Tilly's’s 10-Q, filed June 4, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Tilly's's breakage — deferred revenue?: Tilly's (TLYS) reported breakage — deferred revenue of $8.7M in Q1 2026.
How has Tilly's's breakage — deferred revenue changed year-over-year?: Tilly's's breakage — deferred revenue decreased by 8.4% year-over-year, from $9.5M to $8.7M.
What does breakage — deferred revenue mean?: This metric measures the total outstanding liability associated with unredeemed gift cards and store credits that have not yet been recognized as revenue. It serves as a measure of customer prepayments and future purchasing power held within the company's ecosystem. Monitoring this balance helps assess the scale of potential future sales and the associated financial obligation.