Inferra AI / Company / REF
Reformation Inc.
REF · Consumer Discretionary
Last earnings Sep 10, 2026
Key results
Net revenuequarter
24.1%
htm EX-99.1 Document 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.
SEC original ↗Reformation Inc. — Earnings release (8-K exhibit)EX-99Sep 10, 2026
Net incomequarter
79.4%
htm EX-99.1 Document 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.
SEC original ↗Reformation Inc. — Earnings release (8-K exhibit)EX-99Sep 10, 2026
Net revenuefull-year
24.1%
Net revenue increased 24.1% to $155.2 million, driven by strength across channels o DTC net
SEC original ↗Reformation Inc. — Earnings release (8-K exhibit)EX-99Sep 10, 2026
Revenuefull-year
21.2%
revenues increased 21.2% o Wholesale net
SEC original ↗Reformation Inc. — Earnings release (8-K exhibit)EX-99Sep 10, 2026
Gross marginfull-year
66.7%
revenues increased 48.7% Gross margin expanded 230 basis points to 66.7%
SEC original ↗Reformation Inc. — Earnings release (8-K exhibit)EX-99Sep 10, 2026
Net incomefull-year
79.4%
Net income increased 79.4% to $12.4 million or $0.23 per diluted share Adjusted EBITDA grew 53.9% to $25.4 million as margin expanded 320 bps to 16.4% Reformation is beginning its public company journey from a position of strength.
SEC original ↗Reformation Inc. — Earnings release (8-K exhibit)EX-99Sep 10, 2026
In the second quarter, we delivered 24% net revenue growth across channels and geographies alongside strong profitability, said Hali Borenstein, Chief Executive Officer.
SEC original ↗Reformation Inc. — Earnings release (8-K exhibit)EX-99Sep 10, 2026
Second Quarter Fiscal 2026 Results Net revenue increased 24.1% to $155.2 million, driven by growth across both DTC and Wholesale and Other channels.
SEC original ↗Reformation Inc. — Earnings release (8-K exhibit)EX-99Sep 10, 2026
DTC Net revenuefull-year
1.4%
DTC net revenue grew 21.2% to $135.3 million, primarily driven by a 22.9% increase in Active Customers, partially offset by a 1.4% decline in DTC Net Revenue per Customer.
SEC original ↗Reformation Inc. — Earnings release (8-K exhibit)EX-99Sep 10, 2026
AI analysis
Q2 FY2026 · reported Sep 10, 2026
Based on: Earnings release + parent 8-K + 10-Q — transcript not held
Headline figures
| Metric | Q2 FY2026 | Prior qtr | Year ago |
|---|---|---|---|
| Net revenue | 24.1% | — | — |
| Net income | 79.4% | — | — |
Guidance · company-stated
“margin* between 14% and 14.2%”
“of approximately $23 million to $27 million”
Guidance stated in the release's Business Outlook table for full year fiscal 2026; no direction stated — figures as stated in the table.
Margin
Capital allocation
Proceeds were used to fund an approximately $90.0 million dividend to shareholders, or $1.63 per share.
Event summary
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%
Based on: Earnings release + parent 8-K + 10-Q — transcript not held
Guidance & outlook
Adjusted EBITDA: “Adjusted EBITDA margin* between 14% and 14.2%”
Capital expenditures: “Capital expenditures of approximately $23 million to $27 million”
Adjusted EBITDA (“full year fiscal 2026”)
“Adjusted EBITDA margin* between 14% and 14.2%”
Capital expenditures (“full year fiscal 2026”)
“Capital expenditures of approximately $23 million to $27 million”
Guidance stated in the release's Business Outlook table for full year fiscal 2026; no direction stated — figures as stated in the table.
Capital allocation
Proceeds were used to fund an approximately $90.0 million dividend to shareholders, or $1.63 per share.
SEC original ↗Reformation Inc. — Earnings release (8-K exhibit)EX-99Sep 10, 2026
Total debt outstanding was $246.7 million and net debt was $170.1 million at the end of the second quarter.
SEC original ↗Reformation Inc. — Earnings release (8-K exhibit)EX-99Sep 10, 2026
Capital expenditures of approximately $23 million to $27 million for the year, associated with 15 to 16 planned new store openings for the full year.
SEC original ↗Reformation Inc. — Earnings release (8-K exhibit)EX-99Sep 10, 2026
Some of the more significant estimates and assumptions made by management relate to variable consideration for net sales provided to customers, including the sales return liability, allowances for excess and obsolete inventories; fair value of stock-based compensation; the recoverability of goodwill, the trade name, and long-lived assets; determination of incremental borrowing rate for leases; and determination of valuation allowance on deferred tax assets.
SEC original ↗Reformation Inc. — 10-Q Quarterly report10-QSep 11, 2026
The Company is currently evaluating the potential impact of this guidance and the timing of adoption, especially issue 10 which clarifies the treasury stock retirement guidance in paragraph 505-30-30-8 to explicitly permit the excess of repurchase price over par or stated value to be accounted for entirely as a deduction from additional paid-in capital ( APIC ) as long as APIC does not become negative.
SEC original ↗Reformation Inc. — 10-Q Quarterly report10-QSep 11, 2026
Long-Term Debt On May 2, 2024, LYMI Inc.
SEC original ↗Reformation Inc. — 10-Q Quarterly report10-QSep 11, 2026
Strategy & priorities
International revenue increased 36.8% to $31.2 million, driven by widespread growth across our focus markets and the continued expansion of our retail footprint in France.
SEC original ↗Reformation Inc. — Earnings release (8-K exhibit)EX-99Sep 10, 2026
The 230 basis point expansion was primarily driven by lower average tariff rates and higher average unit retail (AUR), partially offset by accelerated wholesale growth.
SEC original ↗Reformation Inc. — Earnings release (8-K exhibit)EX-99Sep 10, 2026
Adjusted EBITDA margin* expanded 320 basis points to 16.4%, driven by gross margin expansion and fixed cost leverage from strong revenue growth and disciplined execution.
SEC original ↗Reformation Inc. — Earnings release (8-K exhibit)EX-99Sep 10, 2026
Forward-looking statements generally relate to future events, future financial or operating performance and may be identified by the use of words such as plans , believes , expects , intends , will , should , could , would , may , might , anticipates , continue , estimate , potential , predict , project , target , runway , the negative of these words, or similar words, phrases or terms of expression that concern Reformation s expectations, strategy, plans or intentions.
SEC original ↗Reformation Inc. — Earnings release (8-K exhibit)EX-99Sep 10, 2026
Forward-looking statements in this press release include, but are not limited to, statements regarding our runway and ability to deliver growth and long-term value, statements regarding our long-term growth algorithm and growth strategy, including our plans for expanding distribution and international expansion and the number of planned new store openings, statements regarding the expected drivers of growth and statements regarding our future financial and operating performance, including our outlook and guidance for the full year 2026.
SEC original ↗Reformation Inc. — Earnings release (8-K exhibit)EX-99Sep 10, 2026
Risks & headwinds
The 230 basis point expansion was primarily driven by lower average tariff rates and higher average unit retail (AUR), partially offset by accelerated wholesale growth.
SEC original ↗Reformation Inc. — Earnings release (8-K exhibit)EX-99Sep 10, 2026
The Company is unable to provide a reconciliation of the non-GAAP financial outlook presented in this press release and on the Company s conference call to its most directly comparable GAAP measure, net income margin, without unreasonable effort due to the challenge in quantifying various significant items, including, but not limited to, foreign currency fluctuations, taxes, increased tariffs, and any future restructuring and other charges and expenses.
SEC original ↗Reformation Inc. — Earnings release (8-K exhibit)EX-99Sep 10, 2026
These risks, uncertainties and other factors include but are not limited to our ability to attract new customers and retain returning customers our ability to maintain and enhance the value and reputation of our brand the effect of tariffs imposed by the U.
SEC original ↗Reformation Inc. — Earnings release (8-K exhibit)EX-99Sep 10, 2026
Over the past 17 years, we've built a culturally resonant brand designed to challenge retail conventions.
SEC original ↗Reformation Inc. — Earnings release (8-K exhibit)EX-99Sep 10, 2026
Forward-looking statements are prospective in nature and are not based on historical facts, but rather on current expectations and projections of management about future events and are therefore subject to risks and uncertainties which could cause actual results to differ materially from the future results expressed or implied by the forward-looking statements.
SEC original ↗Reformation Inc. — Earnings release (8-K exhibit)EX-99Sep 10, 2026
In light of these risks and uncertainties, the forward-looking events and circumstances discussed herein may not occur.
SEC original ↗Reformation Inc. — Earnings release (8-K exhibit)EX-99Sep 10, 2026
Competitors
Competitors & peers
Same GICS sector — classification peers, not declared competitors
Filings
3 documentsEarnings releases
1 document- Q2 2026
- EX-99REF
Presentations
0 documentsNo presentations for Reformation Inc. are held in this edition of the library.
Transcripts
0 documentsNo transcripts for Reformation Inc. are held in this edition of the library.
Mentioned by
1 companyOther tracked companies whose held documents mention Reformation Inc. by name or ticker. A mention is counted once per document, from the document text the library holds.
“ year end of $417 million including $193 million of cash on hand… … 0 0 Free Cash Flow * #REF! -54 -56 -35 13 100 22 Cash 21 27 25 30 93 193 Available Borrowing Under Credit Facility 385 374 316 275 224 224 Total Liquidity 406 401 341 305 317 417 ”
See also the earnings calendar for every tracked company’s next earnings date.