Reformation Inc. (REF)

NYSE: REF · Real-Time Price · USD

14.48

-0.03 (-0.21%)

At close: Aug 21, 2026, 4:00 PM EDT

14.41

-0.07 (-0.48%)

After-hours: Aug 21, 2026, 7:30 PM EDT

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	Mar '26 Mar 28, 2026	Dec '25 Dec 27, 2025	Dec '24 Dec 28, 2024	Dec '23 Dec 30, 2023
Revenue	533.31	507.1	438.16	359.52
Revenue Growth	-	15.74%	21.87%	-
Gross Profit	332.61	305.49	282.61	230.34
Operating Income	20.14	28.82	52.66	37.58
Net Income	6.04	12.64	32.93	23.89
Earnings Per Share	0.12	0.25	0.60	0.38
EPS Growth	-	-59.07%	56.44%	-

Revenue by Geography

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023
Period Ending	Mar '26 Mar 28, 2026	Dec '25 Dec 27, 2025	Dec '24 Dec 28, 2024	Dec '23 Dec 30, 2023
United States	435.1	415.58	365	294.44
Rest of The World	98.21	91.53	73.16	65.08
Total	533.31	507.1	438.16	359.52

Cash & Debt

Fiscal Year	Current	FY 2025	FY 2024	FY 2023
Period Ending	Mar '26 Mar 28, 2026	Dec '25 Dec 27, 2025	Dec '24 Dec 28, 2024	Dec '23 Dec 30, 2023
Cash & Investments	41.22	65.47	87.68	-
Total Debt	341.95	339.48	307.74	-
Net Cash (Debt)	-300.73	-274.01	-220.07	-
Net Cash Growth	-	-	-	-
Net Cash Per Share	-5.86	-5.34	-4.03	-

Cash Flow & CapEx

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023
Period Ending	Mar '26 Mar 28, 2026	Dec '25 Dec 27, 2025	Dec '24 Dec 28, 2024	Dec '23 Dec 30, 2023
Operating Cash Flow	33	26.67	44.27	37.81
Capital Expenditures	-42.22	-44.54	-26.15	-13.69
Free Cash Flow	-9.21	-17.87	18.12	24.12
Free Cash Flow Growth	-	-	-24.88%	-

Margins

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023
Period Ending	Mar '26 Mar 28, 2026	Dec '25 Dec 27, 2025	Dec '24 Dec 28, 2024	Dec '23 Dec 30, 2023
Gross Margin	62.37%	60.24%	64.50%	64.07%
Operating Margin	3.77%	5.68%	12.02%	10.45%
Pretax Margin	1.55%	3.32%	10.42%	10.78%
Profit Margin	1.13%	2.49%	7.52%	6.64%
FCF Margin	-1.73%	-3.52%	4.13%	6.71%