Stitch Fix Inc
For the period ended Nov 2, 2024. Filed Dec 11, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Nov 2, 2024 · Filed Dec 11, 2024
SFIX$2.86-2.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flow
(In thousands)
| For the Three Months Ended | ||
|---|---|---|
| November 2, 2024 | October 28, 2023 | |
| Cash Flows from Operating Activities from Continuing Operations | ||
| Net loss from continuing operations | $(6,263) | $(26,171) |
| Adjustments to reconcile net loss from continuing operations to net cash provided by operating activities from continuing operations: | ||
| Change in inventory reserves | 4,970 | 3,083 |
| Stock-based compensation expense | 12,650 | 19,902 |
| Depreciation, amortization, and accretion | 6,859 | 13,784 |
| Other | 34 | 19 |
| Change in operating assets and liabilities: | ||
| Inventory | (26,212) | (33,255) |
| Prepaid expenses and other assets | 1,771 | 2,800 |
| Operating lease right-of-use assets and liabilities | (2,874) | (1,349) |
| Accounts payable | 27,223 | 34,709 |
| Accrued liabilities | (3,507) | 7,502 |
| Deferred revenue | 39 | (664) |
| Gift card liability | (453) | (503) |
| Other liabilities | 31 | 702 |
| Net cash provided by operating activities from continuing operations | 14,268 | 20,559 |
| Cash Flows from Investing Activities from Continuing Operations | ||
| Proceeds from sale of property and equipment | — | 21 |
| Purchases of property and equipment | (4,323) | (3,653) |
| Purchases of securities available-for-sale | (46,074) | — |
| Sales of securities available-for-sale | 2,468 | — |
| Maturities of securities available-for-sale | 12,200 | 12,820 |
| Net cash provided by (used in) investing activities from continuing operations | (35,729) | 9,188 |
| Cash Flows from Financing Activities from Continuing Operations | ||
| Payments for tax withholdings related to vesting of restricted stock units | (3,785) | (4,008) |
| Other | — | (100) |
| Net cash used in financing activities from continuing operations | (3,785) | (4,108) |
| Net increase (decrease) in cash and cash equivalents from continuing operations | (25,246) | 25,639 |
| Cash Flows from Discontinued Operations | ||
| Net cash used in operating activities from discontinued operations | (463) | (6,119) |
| Net cash used in financing activities from discontinued operations | — | (164) |
| Net decrease in cash and cash equivalents from discontinued operations | (463) | (6,283) |
| Effect of exchange rate changes on cash and cash equivalents | — | (1,895) |
| Net increase (decrease) in cash and cash equivalents | (25,709) | 17,461 |
| Cash and cash equivalents at beginning of period | 162,862 | 239,437 |
| Cash and cash equivalents at end of period | $137,153 | $256,898 |
| Supplemental Disclosure | ||
| Cash paid for income taxes | $521 | $386 |
| Supplemental Disclosure of Non-Cash Investing and Financing Activities | ||
| Purchases of property and equipment included in accounts payable and accrued liabilities | $43 | $1,099 |
| Capitalized stock-based compensation | $824 | $1,303 |
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