---
schema_version: "secwatch.filing_event.v1"
accession: "0001576942-23-000143"
form_type: "8-K"
ticker: "SFIX"
cik: "0001576942"
company_name: "Stitch Fix, Inc."
filed_at: "2023-12-05T23:59:59+00:00"
generated_at: "2026-06-07T18:00:27.676690+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Stitch Fix Q1 net revenue $364.8M (-18% YoY); adjusted EBITDA $8.6M beats guidance

## Summary
- Net loss from continuing operations $26.2M, diluted EPS -$0.22; revenue down 18% YoY to $364.8M.
- Active clients fell 4% QoQ to 2.989M; revenue per active client $506 (-6% YoY).
- Adjusted EBITDA from continuing operations $8.6M, above guidance high end; free cash flow $16.9M, 4th consecutive quarter positive.
- New $50M revolving credit facility with Citibank maturing Dec 2026; $262.3M cash, no bank debt.
- Q2 FY2024 guidance: revenue $325M-$335M, adjusted EBITDA $2M-$7M; FY2024 revenue $1.30B-$1.37B.

## SEC filing metadata
- accession: 0001576942-23-000143
- form_type: 8-K
- ticker: SFIX
- cik: 0001576942
- company_name: Stitch Fix, Inc.
- filed_at: 2023-12-05T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1576942/000157694223000143/0001576942-23-000143-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1576942/000157694223000143/sfix-20231205.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001576942-23-000143
- JSON: https://secwatch.observer/filing/0001576942-23-000143.json
- Plain text: https://secwatch.observer/filing/0001576942-23-000143.txt

## Key facts
- Earnings Releases
  Stitch Fix, Inc. reported first quarter of fiscal 2024 ended October 28, 2023 results: revenue Net revenue from continuing operations of $364.8 million, net income Net loss from continuing operations of $26.2 million, EPS diluted loss per share from continuing operations of $0.22.
  - Period: first quarter of fiscal 2024 ended October 28, 2023
  - Revenue: Net revenue from continuing operations of $364.8 million
  - Net income: Net loss from continuing operations of $26.2 million
  - EPS: diluted loss per share from continuing operations of $0.22
  - Result: reported results
  source text: amounts and disclosures below relate to our continuing operations. First Quarter Fiscal 2024 Key Metrics and Financial Highlights • Net revenue from continuing operations of $364.8 million, a decrease of 18% year-over-year, but at the higher end of our first quarter 2024 guidance range. • Net loss from continuing operations of $26.2 million and diluted loss per
  evidence_url: https://www.sec.gov/Archives/edgar/data/1576942/000157694223000143/0001576942-23-000143-index.htm
- Earnings Releases
  Stitch Fix, Inc. reported second quarter of fiscal 2024 ending January 27, 2024 results: revenue Q2 2024 Net Revenue from Continuing Operations $325 million - $335 million. Guidance initiated.
  - Period: second quarter of fiscal 2024 ending January 27, 2024
  - Revenue: Q2 2024 Net Revenue from Continuing Operations $325 million - $335 million
  - Guidance: initiated
  - Result: guidance update
  source text: Our financial outlook for our continuing operations for the second quarter of fiscal 2024 ending January 27, 2024 is as follows: Q2 2024 Net Revenue from Continuing Operations $325 million - $335 million (19)% - (16)% YoY decline Adjusted EBITDA from Continuing Operations $2 million - $7 million 1% - 2% margin
  evidence_url: https://www.sec.gov/Archives/edgar/data/1576942/000157694223000143/0001576942-23-000143-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.