Reformation Inc.
For the period ended Sep 26, 2026. Filed Nov 6, 2026.
View on SEC.govAbout this filing
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.
Sep 26, 2026 · Filed Nov 6, 2026
REF$20.34+12.7%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Statements of Cash Flows (unaudited)
Reformation Inc. Condensed Consolidated Statements of Cash Flows (Unaudited) 39 Weeks Ended September 26, 2026 and September 27, 2025
| 39 Weeks Ended | ||
|---|---|---|
| (in thousands) | September 26,2026 | September 27,2025 |
| Cash flows from operating activities | ||
| Net income (loss) | $(876) | $6,332 |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities | ||
| Depreciation of property and equipment | 12,257 | 8,636 |
| Change in operating lease right-of-use assets | 16,108 | 13,691 |
| Amortization of definite-lived intangible assets | 628 | 628 |
| Loss on extinguishment of debt | 2,220 | — |
| Amortization of debt issuance costs | 822 | 845 |
| Deferred income taxes | 2,373 | 825 |
| Stock-based compensation expense | 35,380 | 858 |
| Other | (12) | 81 |
| Increase (decrease) in cash due to changes in operating assets and liabilities | ||
| Accounts receivable | (2,489) | (7,520) |
| IEEPA tariff receivable | (310) | — |
| Inventories | (23,302) | (9,608) |
| Prepaid expenses and other current assets | (7,269) | (264) |
| Other noncurrent assets | (1,290) | (1,883) |
| Accounts payable | 9,550 | (609) |
| Accrued expenses and other current liabilities | 12,600 | 8,601 |
| Operating lease liabilities | (14,075) | (11,027) |
| Deferred revenue | 2,044 | 668 |
| Other noncurrent liabilities | 346 | 175 |
| Net cash provided by operating activities | 44,705 | 10,429 |
| Cash flows from investing activities | ||
| Purchases of property and equipment | (19,941) | (35,112) |
| Net cash used in investing activities | (19,941) | (35,112) |
| Cash flows from financing activities | ||
| Proceeds from Initial Public Offering, net of underwriting discounts | 132,229 | — |
| Payment of offering costs | (2,371) | — |
| Proceeds from exercise of stock options | 67 | — |
| Settlement of employee stock options | (5,822) | |
| Proceeds from term loan, net of lender fees | 89,211 | — |
| Repayments on term loan | (114,125) | (3,074) |
| Payment of debt issuance costs | (209) | — |
| Payments for repurchase of common stock | (2,686) | — |
| Payment of dividends declared | (88,211) | — |
| Net cash provided by (used in) financing activities | 8,083 | (3,074) |
| Effect of exchange rate changes on cash and cash equivalents | (572) | 681 |
| Net change in cash and cash equivalents | 32,275 | (27,076) |
| Cash and cash equivalents | ||
| Beginning of the period | 65,473 | 87,678 |
| End of the period | $97,748 | $60,602 |
Condensed Consolidated Statements of Cash Flows (Unaudited) (Continued)
39 Weeks Ended September 26, 2026 and September 27, 2025
| Supplemental cash flow information | ||
|---|---|---|
| Cash paid during the year for | ||
| Income taxes, net of refunds | $4,148 | $5,129 |
| Interest | 9,741 | 10,344 |
| Noncash financing and investing activities | ||
| Deferred offering costs incurred, but not yet paid | 4,090 | — |
| Purchase of property and equipment included in accounts payable and accrued expenses and other current liabilities | 1,294 | 1,656 |
| Operating lease right-of-use assets obtained in exchange for operating lease liabilities | 34,190 | 48,041 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.