◆ TICKERBASEOpen interactive view →
◆ TICKERBASE · GLOBAL STOCK FINANCIAL DATA LIBRARY

HomeAll stocksR › REF

Reformation Inc. (REF) Financial History

20 years of revenue, earnings, cash-flow and balance-sheet history from public filings.

CONSUMER CYCLICAL · APPAREL RETAIL · DATA UPDATED 2026-09-19

Reformation Inc. (REF) operates in the APPAREL RETAIL industry and is headquartered in Vernon, United States with about 1,261 employees. Its market capitalization is roughly $809 million. In the fiscal year ended 2025-12-31, REF reported $507M in revenue and $13M in net income.

Reformation Inc. manufactures and sells sustainable women's clothing and accessories in the United States and Internationally. It offers dresses, tops, pants, skirts, shorts, jeans, sweaters, shoes, jumpsuits, two-piece sets, outerwear, sleep and loungewear, swimwear, and accessories.

Interactive charts & full statements → Open the REF valuation workbench →

REF Revenue & Earnings History — Annual Income Statement

Income statementTTM → 2026-06-302025-12-312024-12-312023-12-31
Total Revenue$479M$507M$438M$360M
Gross Profit$315M$305M$283M$230M
Gross Margin %65.8%60.2%64.5%64.1%
Operating Income (EBIT)$15M$29M$53M$38M
Operating Margin %3.1%5.7%12.0%10.4%
Net Income$2M$13M$33M$24M
Net Margin %0.3%2.5%7.5%6.6%
EBITDA
Earnings Per Share (EPS)$0.21$0.56
Shares Outstanding (M)50M59M59M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

REF Quarterly Revenue & Earnings — Last 8 Quarters

Quarterly income statement2026-06-302026-03-312025-06-302025-03-31
Total Revenue$155M$112M$125M$86M
Gross Profit$103M$79M$81M$52M
Gross Margin %66.7%70.3%64.4%60.3%
Operating Income (EBIT)$19M($13M)$13M($4M)
Operating Margin %12.3%-11.4%10.1%-4.5%
Net Income$12M($12M)$7M($6M)
Net Margin %8.0%-10.8%5.5%-6.5%
EBITDA
Earnings Per Share (EPS)$0.25$-0.21
Shares Outstanding (M)50M59M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

REF Free Cash Flow History

Cash flowTTM → 2026-06-302025-12-312024-12-312023-12-31
Cash from Operations (CFO)($14M)$27M$44M$38M
Capital Expenditures (CapEx)$34M$45M$26M$14M
Free Cash Flow (FCF)($48M)($18M)$18M$24M
FCF Margin %-10.1%-3.5%4.1%6.7%

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

REF Quarterly Free Cash Flow — Last 8 Quarters

Quarterly cash flow2026-06-302026-03-312025-06-302025-03-31
Cash from Operations (CFO)$17M($17M)$9M($24M)
Capital Expenditures (CapEx)$8M$5M$14M$7M
Free Cash Flow (FCF)$9M($22M)($5M)($31M)
FCF Margin %5.7%-19.6%-3.7%-35.6%

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

REF Balance Sheet History

Balance sheet2026-06-302025-12-312024-12-31
Total Assets$1.0B$938M$874M
Cash & Cash Equivalents$77M$65M$88M
Total Liabilities$628M$497M$447M
Total Debt (Short + Long-Term)$240M$148M$155M
Total Shareholders' Equity$377M$441M$427M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

Quarterly statements, profitability ratios, price history, insider activity and institutional holders are in the interactive REF viewer.

Other Companies in APPAREL RETAIL

← REETAll “R” companiesREFA →

About TickerBase · Data methodology & sources · Privacy · Terms

TickerBase is provided for educational and informational purposes only. It does not constitute financial, investment, tax, or legal advice, or a recommendation to buy, sell, or hold any security. No price targets are published; any per-share value shown in the valuation workbench is generated entirely from reader-supplied assumptions and is not the publisher's view of fair value. Past performance does not predict future results. Figures are approximate and drawn from public filings; one-time items are noted where identified. Do your own research and consult a licensed professional before making any investment decision. The author may or may not hold positions in the securities discussed.