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 Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Operating Activities

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
Net Income	11.53	12.64	32.93	23.89
Depreciation & Amortization	15.7	13.17	10.1	8.48
Other Amortization	1.11	1.12	0.76	-
Stock-Based Compensation	24.91	1.1	1.16	1.91
Other Operating Activities	22.36	19.71	9.83	10.66
Change in Accounts Receivable	-1.62	-6.06	-0.84	1.72
Change in Inventory	-16.86	-8.56	-18.38	-7.22
Change in Accounts Payable	5.75	1.81	2.12	-4.6
Change in Unearned Revenue	1.96	1.35	1.07	2.53
Change in Other Net Operating Assets	-23.94	-9.61	5.53	0.46
Operating Cash Flow	40.91	26.67	44.27	37.81
Operating Cash Flow Growth	-	-39.75%	17.08%	-

Investing Activities

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
Capital Expenditures	-36.7	-44.54	-26.15	-13.69
Investing Cash Flow	-36.7	-44.54	-26.15	-13.69

Financing Activities

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
Long-Term Debt Issued	-	-	161.04	-
Long-Term Debt Repaid	-	-5.16	-1.03	-
Net Debt Issued (Repaid)	81.95	-5.16	160.01	-
Issuance of Common Stock	0.05	-	0.37	0.03
Repurchase of Common Stock	-	-	-165.48	-
Other Financing Activities	-1.25	-	-1.3	-
Financing Cash Flow	21.69	-5.16	-6.4	0.03

Net Cash Flow

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
Foreign Exchange Rate Adjustments	-0.43	0.82	-0.54	0.16
Net Cash Flow	25.47	-22.21	11.18	24.31

Free Cash Flow

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
Free Cash Flow	4.21	-17.87	18.12	24.12
Free Cash Flow Growth	-	-	-24.88%	-
Free Cash Flow Margin	0.75%	-3.52%	4.13%	6.71%
Free Cash Flow Per Share	0.08	-0.35	0.33	0.39
Levered Free Cash Flow	-	-22.64	-	-
Unlevered Free Cash Flow	-	-14.65	-	-

Additional Metrics

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
Cash Interest Paid	12.89	13.75	6.39	-
Cash Income Tax Paid	4.84	5.29	16.01	5.07
Change in Working Capital	-34.71	-21.07	-10.51	-7.13

SEC Filings: 10-K · 10-Q