Torrid Holdings Inc.
For the period ended Aug 2, 2025. Filed Sep 11, 2025.
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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.
Aug 2, 2025 · Filed Sep 11, 2025
CURV$2.15-7.3%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 Flows
| Six Months Ended | ||
|---|---|---|
| August 2, 2025 | August 3, 2024 | |
| OPERATING ACTIVITIES | ||
| Net income | $7,507 | $20,500 |
| Adjustments to reconcile net income to net cash (used in) provided by operating activities: | ||
| Write down of inventory | 1,427 | 992 |
| Operating right-of-use assets amortization | 17,583 | 20,242 |
| Depreciation and other amortization | 19,584 | 18,940 |
| Share-based compensation | 2,840 | 3,846 |
| Deferred taxes | 2,743 | — |
| Write off of excess operating lease liabilities against operating right-of-use-assets | (4,164) | (913) |
| Other | (799) | 133 |
| Changes in operating assets and liabilities: | ||
| Inventory | 17,060 | 12,527 |
| Prepaid expenses and other current assets | (1,258) | (8,066) |
| Prepaid income taxes | (6,900) | (1,573) |
| Deposits and other noncurrent assets | (1,045) | (2,225) |
| Accounts payable | (19,980) | 23,081 |
| Accrued and other current liabilities | (17,026) | 10,509 |
| Operating lease liabilities | (19,840) | (22,457) |
| Other noncurrent liabilities | (82) | (330) |
| Deferred compensation | (112) | (456) |
| Due to related parties | 74 | (4,354) |
| Income taxes payable | 118 | (1,949) |
| Net cash (used in) provided by operating activities | (2,270) | 68,447 |
| INVESTING ACTIVITIES | ||
| Purchases of property and equipment | (3,671) | (10,180) |
| Net cash used in investing activities | (3,671) | (10,180) |
| FINANCING ACTIVITIES | ||
| Proceeds from revolving credit facility | 171,650 | 62,780 |
| Principal payments on revolving credit facility | (163,750) | (70,050) |
| Deferred financing costs paid for revolving credit facility | (375) | — |
| Principal payments on term loan | (8,750) | (8,750) |
| Proceeds from issuances under share-based compensation plans | 199 | 523 |
| Withholding tax payments related to vesting of restricted stock units and awards and exercise of non qualified stock options | (444) | (484) |
| Share repurchase, including excise tax paid | (20,000) | — |
| Net cash used in financing activities | (21,470) | (15,981) |
| Effect of foreign currency exchange rate changes on cash, cash equivalents and restricted cash | 431 | (81) |
| (Decrease) increase in cash, cash equivalents and restricted cash | (26,980) | 42,205 |
| Cash, cash equivalents and restricted cash at beginning of period | 48,922 | 12,134 |
| Cash, cash equivalents and restricted cash at end of period | $21,942 | $54,339 |
| SUPPLEMENTAL INFORMATION | ||
| Cash paid during the period for interest related to the revolving credit facility and term loan | $17,680 | $18,529 |
| Cash paid during the period for income taxes | $7,135 | $11,093 |
| SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES | ||
| Property and equipment purchases included in accounts payable and accrued liabilities | $2,138 | $1,115 |
| Excise tax from share repurchase included in accounts payable and accrued liabilities | $200 | $— |
| Cost of treasury shares included in accounts payable and accrued liabilities | $85 | $— |
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