Reformation Inc. (REF)

NYSE: REF · Real-Time Price · USD

14.63

-0.68 (-4.44%)

Sep 18, 2026, 4:00 PM EDT - Market closed

Reformation Financials Overview

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023
Period Ending	Jun '26 Jun 27, 2026	Dec '25 Dec 27, 2025	Dec '24 Dec 28, 2024	Dec '23 Dec 30, 2023
Revenue	563.47	507.1	438.16	359.52
Revenue Growth	56.73%	15.74%	21.87%	-
Gross Profit	345.36	305.49	282.61	230.34
Operating Income	15.14	28.82	52.66	37.58
Net Income	11.53	12.64	32.93	23.89
Earnings Per Share	0.22	0.25	0.60	0.38
EPS Growth	-42.89%	-59.07%	56.44%	-

Revenue by Geography

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023
Period Ending	Jun '26 Jun 27, 2026	Dec '25 Dec 27, 2025	Dec '24 Dec 28, 2024	Dec '23 Dec 30, 2023
United States	456.86	415.58	365	294.44
Rest of The World	106.61	91.53	73.16	65.08
Total	563.47	507.1	438.16	359.52

Cash & Debt

Fiscal Year	Current	FY 2025	FY 2024	FY 2023
Period Ending	Jun '26 Jun 27, 2026	Dec '25 Dec 27, 2025	Dec '24 Dec 28, 2024	Dec '23 Dec 30, 2023
Cash & Investments	76.63	65.47	87.68	-
Total Debt	435.31	339.48	307.74	-
Net Cash (Debt)	-358.69	-274.01	-220.07	-
Net Cash Growth	-	-	-	-
Net Cash Per Share	-6.94	-5.34	-4.03	-

Cash Flow & CapEx

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023
Period Ending	Jun '26 Jun 27, 2026	Dec '25 Dec 27, 2025	Dec '24 Dec 28, 2024	Dec '23 Dec 30, 2023
Operating Cash Flow	40.91	26.67	44.27	37.81
Capital Expenditures	-36.7	-44.54	-26.15	-13.69
Free Cash Flow	4.21	-17.87	18.12	24.12
Free Cash Flow Growth	-82.56%	-	-24.88%	-

Margins

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023
Period Ending	Jun '26 Jun 27, 2026	Dec '25 Dec 27, 2025	Dec '24 Dec 28, 2024	Dec '23 Dec 30, 2023
Gross Margin	61.29%	60.24%	64.50%	64.07%
Operating Margin	2.69%	5.68%	12.02%	10.45%
Pretax Margin	2.86%	3.32%	10.42%	10.78%
Profit Margin	2.05%	2.49%	7.52%	6.64%
FCF Margin	0.75%	-3.52%	4.13%	6.71%