Reformation Inc. (REF)
| Market Cap | 853.70M |
| Revenue (ttm) | 563.47M +56.7% |
| Net Income | 11.53M -51.7% |
| EPS | 0.22 -42.9% |
| Shares Out | 59.08M |
| PE Ratio | 65.72 |
| Forward PE | 26.48 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 421,824 |
| Open | 13.64 |
| Previous Close | 13.56 |
| Day's Range | 13.23 - 14.69 |
| 52-Week Range | 11.85 - 17.26 |
| Beta | n/a |
| Analysts | Strong Buy |
| Price Target | 19.25 (+33.22%) |
| Est. Earnings | Nov 3, 2026 |
About REF
Reformation Inc. manufactures and sells sustainable women's clothing and accessories in the United States and Internationally. It offers dresses, tops, pants, skirts, shorts, jeans, sweaters, shoes, jumpsuits, two-piece sets, outerwear, sleep and loungewear, swimwear, and accessories. The company also offers wedding collection. It retails its product through website, online channels, and stores, well as through wholesalers and other channels. The company was formerly known as REF Topco, Inc. and changed its name to Reformation Inc. in April 202... [Read more]
Financial Performance
In 2025, Reformation's revenue was $507.10 million, an increase of 15.74% compared to the previous year's $438.16 million. Earnings were $12.64 million, a decrease of -61.62%.
Financial StatementsAnalyst Summary
According to 9 analysts, the average rating for REF stock is "Strong Buy." The 12-month stock price target is $19.25, which is an increase of 33.22% from the latest price.
News
Reformation Earnings Call Transcript: Q2 2026
Q2 2026 saw 24% revenue growth, strong gross margin expansion, and a 23% increase in active customers. The company raised capital via IPO, expanded internationally, and is guiding for 18.6%–19.5% revenue growth and 14%–14.2% adjusted EBITDA margin for FY 2026.
Reformation Earnings release: Q2 2026
Reformation released its Q2 2026 earnings on September 10, 2026, summarizing the period's financial results.
Reformation Quarterly report: Q2 2026
Reformation has published its Q2 2026 quarterly earnings report on September 10, 2026.
Reformation reports Q2 EPS 23c, consensus 22c
Reports Q2 revenue $155.2M, consensus $154.43M. “Reformation (REF) is beginning its public company journey from a position of strength. In the second quarter, we delivered 24% net revenue growth acros...
Reformation sees FY26 revenue $602M-$606M, consensus $601.33M
Sees FY26 adjusted EBITDA margin 14%-14.2% and CapEx $23M-$27M.
Reformation Announces Second Quarter Fiscal 2026 Results
Net Revenue increased 24.1%Net Income grew 79.4%Adjusted EBITDA Margin expanded 320 basis points to 16.4% LOS ANGELES, Sept. 10, 2026 /PRNewswire/ -- Reformation Inc. (NYSE: REF) (the "Company"), the ...
Reformation to Announce Second Quarter Fiscal 2026 Results on September 10, 2026
LOS ANGELES, Aug. 27, 2026 /PRNewswire/ -- Reformation Inc. (NYSE:REF), the sustainable women's fashion brand, today announced that its financial results for the second quarter ended June 27, 2026, wi...
Reformation initiated with an Outperform at Telsey Advisory
Telsey Advisory analyst Dana Telsey initiated coverage of Reformation (REF) with an Outperform rating and $20 price target Reformation’s exclusive private-label assortment creates a strong moat around...
Reformation initiated with a Buy at Guggenheim
Guggenheim initiated coverage of Reformation (REF) with a Buy rating and $20 price target High customer retention and nimble merchandising helps mitigate fashion risk and drives strong full-price sell...
Reformation initiated with a Buy at BTIG
BTIG initiated coverage of Reformation (REF) with a Buy rating and $20 price target As the largest sustainable womenswear brand with a strong, consistent track record for growth, the firm…
Reformation initiated with a Buy at Citi
Citi analyst Paul Lejuez initiated coverage of Reformation (REF) with a Buy rating and $20 price target The firm believes the company has an attractive store growth opportunity. Reformation can…
Reformation initiated with an Outperform at William Blair
William Blair initiated coverage of Reformation (REF) with an Outperform rating and no price target The firm believes the company has a sustainable structural competitive advantage given its speed to…
Reformation initiated with an Equal Weight at Morgan Stanley
Morgan Stanley initiated coverage of Reformation (REF) with an Equal Weight rating and $16 price target The firm says the company’s e-commerce model and supply chain should support stronger growth…
Reformation initiated with an Outperform at Baird
Baird initiated coverage of Reformation (REF) with an Outperform rating and $19 price target Reformation is a premium women’s brand that reached $500M of revenue while remaining profitable, largely fu...
Reformation initiated with an Outperform at RBC Capital
RBC Capital analyst Irene Nattal initiated coverage of Reformation (REF) with an Outperform rating and $18 price target Reformation is a “compelling emerging-growth, sustainability-anchored specialty ...
Reformation initiated with an Overweight at JPMorgan
JPMorgan analyst Matthew Boss initiated coverage of Reformation (REF) with an Overweight rating and $21 price target The firm sees “durable” mid-to-high-teens revenue growth for the company and the po...
This Fashion IPO's Growth Story Looks Flimsy
Reformation, fashion's latest initial public offering, is full of buzzwords: Sustainability, data-driven design and fast manufacturing are just a few appearing in its filing. But they might not be eno...
Reformation stock closes 8 cents above IPO price in muted market debut
Shares of Reformation Inc. opened flat on Thursday after making their public debut on the New York Stock Exchange (NYSE).
NYSE Content Update: Reformation Scores Winning Session in NYSE Debut
NYSE issues a pre-market daily advisory direct from the trading floor. NEW YORK, July 31, 2026 /PRNewswire/ -- The New York Stock Exchange (NYSE) provides a daily pre-market update directly from the N...
Reformation IPO update: Stock price, NYSE trading time as women's apparel brand makes market debut
Shares of Reformation Inc. are expected to debut on the New York Stock Exchange (NYSE) today.
Retailer Reformation opens flat in market debut after pricing IPO at $15
Retailer Reformation made its IPO on the New York Stock Exchange on Thursday under the ticker symbol "REF." The company was flat in trading after pricing at $15 per share.
Permira-backed Reformation valued at $886 million as shares open flat in debut
Permira-backed womenswear retailer Reformation was valued at $886.1 million after its shares opened flat in their NYSE debut on Thursday.
Reformation opens at $15, IPO priced at $15 per share
Reformation (REF)priced 14.06M shares at $15.00, the low end of the $15.00-$17.00 target range. JPMorgan, Morgan Stanley, Citi and RBC Capital are acting as joint book running managers for the…
Reformation indicated to open at $15.50-$16.50, IPO priced at $15
Reformation (REF)priced 14.06M shares at $15.00, the low end of the $15.00-$17.00 target range. JPMorgan, Morgan Stanley, Citi and RBC Capital are acting as joint book running managers for the…