Reformation Inc.
For the period ended Jun 27, 2026. Filed Sep 11, 2026.
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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.
Jun 27, 2026 · Filed Sep 11, 2026
REF$20.34+12.7%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Statements of Cash Flows (unaudited)
Reformation Inc. Condensed Consolidated Statements of Cash Flows (Unaudited)26 Weeks Ended June 27, 2026 and June 28, 2025
| 26 Weeks Ended | ||
|---|---|---|
| (in thousands) | June 27,2026 | June 28,2025 |
| Cash flows from operating activities | ||
| Net income | $260 | $1,364 |
| Adjustments to reconcile net income to net cash provided by (used in) operating activities | ||
| Depreciation of property and equipment | 7,988 | 5,458 |
| Change in operating lease right-of-use assets | 10,545 | 8,820 |
| Amortization of definite-lived intangible assets | 419 | 419 |
| Amortization of debt issuance costs | 551 | 565 |
| Deferred income taxes | 498 | (473) |
| Stock-based compensation expense | 24,378 | 568 |
| Other | — | 45 |
| Increase (decrease) in cash due to changes in operating assets and liabilities | ||
| Accounts receivable | (309) | (4,748) |
| IEEPA tariff receivable | (10,921) | — |
| Inventories | (21,248) | (12,947) |
| Prepaid expenses and other current assets | (6,785) | (2,987) |
| Other noncurrent assets | (286) | (1,803) |
| Accounts payable | (1,254) | (5,194) |
| Accrued expenses and other current liabilities | 3,633 | 5,080 |
| Operating lease liabilities | (9,337) | (9,250) |
| Deferred revenue | 1,370 | 755 |
| Other noncurrent liabilities | 524 | 118 |
| Net cash provided by (used in) operating activities | 26 | (14,210) |
| Cash flows from investing activities | ||
| Purchases of property and equipment | (13,216) | (21,060) |
| Net cash used in investing activities | (13,216) | (21,060) |
| Cash flows from financing activities | ||
| Proceeds from exercise of stock options | 50 | — |
| Proceeds from term loan, net of lender fees | 89,211 | — |
| Repayments on term loan | (4,125) | (2,023) |
| Payment of debt issuance costs | (209) | — |
| Payment of offering costs | (1,038) | — |
| Payment of dividends declared | (59,066) | — |
| Net cash provided by (used in) financing activities | 24,823 | (2,023) |
| Effect of exchange rate changes on cash and cash equivalents | (479) | 777 |
| Net change in cash and cash equivalents | 11,154 | (36,516) |
| Cash and cash equivalents | ||
| Beginning of the period | 65,473 | 87,678 |
| End of the period | $76,627 | $51,162 |
| Supplemental cash flow information | ||
| Cash paid during the year for | ||
| Income taxes, net of refunds | $4,148 | $4,593 |
| Interest | 6,133 | 6,992 |
| Noncash financing and investing activities | ||
| Recapitalization dividend accrued but not paid | 29,056 | — |
| Purchase of property and equipment included in accounts payable and accrued expenses and other current liabilities | 927 | 1,913 |
| Operating lease right-of-use assets obtained in exchange for operating lease liabilities | 19,986 | 39,683 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.