Torrid Holdings Inc.
For the period ended Jan 31, 2026. Filed Mar 31, 2026.
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FY2026 · Filed Mar 31, 2026
CURV$2.15-7.3%Stored close · as of Nov 10, 2026
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Item 8. Consolidated Statements of Cash Flows
CONSOLIDATED STATEMENTS OF CASH FLOWS
(In thousands)
| Fiscal Year Ended | |||
|---|---|---|---|
| January 31, 2026 | February 1, 2025 | February 3, 2024 | |
| OPERATING ACTIVITIES | |||
| Net (loss) income | $(7,034) | $16,318 | $11,619 |
| Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities: | |||
| Write down of inventory | 3,042 | 1,779 | 4,577 |
| Operating right-of-use assets amortization | 33,359 | 40,574 | 41,366 |
| Depreciation and other amortization | 36,106 | 37,239 | 38,002 |
| Share-based compensation | 5,208 | 7,634 | 8,042 |
| Deferred taxes | (2,445) | (7,939) | (5,670) |
| Write off of excess operating lease liabilities against operating right-of-use-assets | (4,739) | (1,959) | (1,828) |
| Other, net | (638) | 867 | (608) |
| Changes in operating assets and liabilities: | |||
| Inventory | 9,028 | (7,615) | 33,182 |
| Prepaid expenses and other current assets | (57) | (2,278) | (2,179) |
| Prepaid income taxes | (7,747) | (1,683) | (480) |
| Deposits and other noncurrent assets | (334) | (4,314) | (6,296) |
| Accounts payable | (15,411) | 26,999 | (30,293) |
| Accrued and other current liabilities | (19,173) | 18,148 | (1,721) |
| Operating lease liabilities | (38,508) | (40,352) | (43,532) |
| Other noncurrent liabilities | (1,827) | (829) | (1,897) |
| Deferred compensation | 126 | (1,561) | 1,228 |
| Due to related parties | (2,091) | (967) | (3,412) |
| Income taxes payable | 122 | (2,671) | 2,671 |
| Net cash (used in) provided by operating activities | (13,013) | 77,390 | 42,771 |
| INVESTING ACTIVITIES | |||
| Purchases of property and equipment | (8,852) | (14,392) | (26,002) |
| Net cash used in investing activities | (8,852) | (14,392) | (26,002) |
| FINANCING ACTIVITIES | |||
| Proceeds from revolving credit facility | 471,560 | 62,780 | 592,775 |
| Principal payments on revolving credit facility | (440,540) | (70,050) | (593,885) |
| Deferred financing costs paid for revolving credit facility | (375) | — | — |
| Principal payments on term loan | (17,500) | (17,500) | (17,500) |
| Proceeds from issuances under share-based compensation plans | 281 | 1,044 | 399 |
| Withholding tax payments related to vesting of restricted stock units and awards and exercise of non qualified stock options | (517) | (774) | (306) |
| Share repurchase, including excise tax paid | (20,085) | — | — |
| Net cash used in financing activities | (7,176) | (24,500) | (18,517) |
| Effect of foreign currency exchange rate changes on cash, cash equivalents and restricted cash | 563 | (1,710) | (53) |
| (Decrease) increase in cash, cash equivalents and restricted cash | (28,478) | 36,788 | (1,801) |
| Cash, cash equivalents and restricted cash at beginning of period | 48,922 | 12,134 | 13,935 |
| Cash, cash equivalents and restricted cash at end of period | $20,444 | $48,922 | $12,134 |
| SUPPLEMENTAL INFORMATION | |||
| Cash paid during the period for interest related to the revolving credit facility and term loan | $32,434 | $35,077 | $34,195 |
| SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES | |||
| Property and equipment purchases included in accounts payable and accrued liabilities | $1,258 | $1,367 | $4,524 |
| Excise tax from share repurchase included in accounts payable and accrued liabilities | $186 | $— | $— |
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