Reformation swings to Q3 FY26 net loss of $1.14 million
REF•Reformation reported a third-quarter FY26 net loss of $1.1 million as net revenue rose 19% to $173.6 million. It raised its FY26 net revenue outlook to $610 million–$612 million, representing growth of 20%–21%.
1. Revenue and outlook
Reformation’s third-quarter net revenue increased 19% to $173.6 million, while gross margin rose to 60.4%. Active Customers climbed 23% to 1.25 million. The retailer opened seven stores, bringing its global total to 77, and raised its FY26 net revenue outlook to $610 million–$612 million, or growth of 20%–21%.
