← Stitch Fix, Inc.

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by operating activities:
Net Income From Continuing Operations — — — — — — ($181.6m) ($150.3m) ($118.9m) ($28.8m)
Net Income (Loss) Attributable to Parent — — $44.9m $36.9m ($67.1m) ($8.9m) ($207.1m) ($172.0m) ($128.8m) ($28.7m)
Net Income (Loss) Available to Common Stockholders, Basic — — $35.5m $36.9m ($67.1m) ($8.9m) ($207.1m) ($172.0m) ($128.8m) ($28.7m)
Net loss from continuing operations — — — — — — ($181.6m) ($150.3m) ($118.9m) ($28.8m)
Net increase (decrease) in cash and cash equivalents from continuing operations — — — — — — $27.3m $122.6m ($66.0m) ($48.5m)
Net decrease in cash and cash equivalents from discontinued operations — — — — — — ($21.9m) ($16.0m) ($9.9m) ($397k)
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent — — — — — — — — ($118.9m) ($28.8m)
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent — — — — — — — — ($10.0m) $105k
Depreciation, Depletion and Amortization — — $10.5m $16.1m $22.6m $27.6m $35.0m $42.3m $44.9m $26.1m
Depreciation, Depletion and Amortization — — $10.5m $16.1m $22.6m $27.6m $35.0m $42.3m $44.9m $26.1m
Depreciation, amortization, and accretion $3.5m $7.7m $10.5m $14.3m $22.6m $29.9m $37.2m $42.1m $44.5m $26.1m
Depreciation Amortization Depletion — — — — — — $35.7m $42.1m $44.5m $26.1m
Depreciation, Amortization and Accretion, Net — — — $14.3m $22.6m $29.9m $37.2m $43.3m $44.5m $26.1m
Deferred Income Tax Expense (Benefit) — — $6.6m ($8.2m) ($20.3m) — — — — $0
Share-based Payment Arrangement, Noncash Expense — — $15.4m $35.3m $67.5m $100.7m $128.5m $104.5m $76.8m $56.7m
Payment, Tax Withholding, Share-based Payment Arrangement — — — $6.7m $12.8m $64.3m $31.7m $15.6m $16.1m $16.0m
Share-based Payment Arrangement, Expense — — — — — — — ($4.4m) — —
Operating Lease, Impairment Loss — — — — — — $5.4m $14.2m $16.6m $0
Asset impairment — — — — $0 $0 $6.2m $18.2m $19.3m $0
Asset Impairment Charge — — — — — — $6.2m $16.9m $19.3m $0
Gain (Loss) on Disposition of Property Plant Equipment $0 $0 ($155k) ($148k) — $0 $0 $842k $350k $0
Income Tax Expense (Benefit) — — $9.8m ($6.1m) $19.4m ($52.2m) ($2.3m) $1.5m ($1.7m) $821k
Operating Lease, Lease Income — — — — $1.7m $876k — — — —
Other Nonoperating Income (Expense) — — $1.0m $1.5m ($1.6m) ($366k) ($2.4m) $1.1m $1.6m $173k
Operating lease right-of-use assets and liabilities — — — $0 $394k ($1.8m) $4.3m ($3.9m) ($11.9m) ($11.4m)
Changes in operating assets and liabilities:
Additional Financial Items
Increase (Decrease) in Inventories — — $19.4m $41.2m $15.2m $96.1m $2.6m ($78.4m) ($47.7m) $24.8m
Increase (Decrease) in Accounts Payable — — $35.5m $10.8m ($5.5m) ($12.4m) $71.3m ($44.3m) ($9.7m) $2.0m
Increase (Decrease) in Other Operating Liabilities — — $4.8m $12.5m $3.6m ($9.1m) ($2.2m) $4.2m ($6.6m) ($2.1m)
Proceeds from Stock Options Exercised — — $5.8m $13.7m $12.1m $25.9m $1.5m $161k $1.0m $1.1m
Accrued capital expenditures — — $16.6m $30.8m $30.2m $35.3m $46.4m $19.0m $14.0m $16.3m
Gain (Loss) on Termination of Lease — — — — — — — — ($1.5m) $0
Inventory Write-down — — $1.9m $8.0m $8.8m $8.9m $16.6m ($18.0m) ($15.1m) $4.3m
Change in inventory reserves $5.9m $3.6m $1.9m $8.0m $8.8m $8.9m $16.6m ($18.0m) ($15.1m) $4.3m
Stock-based compensation expense $1.9m $3.5m $15.4m $35.3m $67.5m $100.7m $128.5m $104.5m $76.8m $56.7m
Other — — $155k $148k $882k ($3.6m) $300k ($117k) ($431k) ($93k)
Inventory ($26.5m) ($26.4m) ($19.4m) ($41.2m) ($15.2m) ($96.1m) ($2.6m) $78.4m $47.7m ($24.8m)
Prepaid expenses and other assets ($9.5m) ($7.6m) ($17.3m) ($16.8m) ($6.7m) ($20.1m) $8.1m $14.5m $3.1m $1.2m
Income tax receivables — — — ($1.0m) ($6.5m) ($31.7m) $1.1m $53.0m $431k $242k
Accounts payable $10.2m $7.8m $35.5m $10.8m ($5.5m) ($12.4m) $71.3m ($44.3m) ($9.7m) $2.0m
Accrued liabilities $10.9m $17.7m ($3.6m) $22.9m $8.3m $22.0m ($2.6m) ($19.1m) $5.3m $3.1m
Deferred revenue $1.6m $2.7m $1.7m $3.3m $1.1m $5.1m ($3.7m) ($2.9m) ($2.1m) ($601k)
Gift card liability $1.5m $2.0m $1.6m $825k $1.4m $1.3m $649k ($197k) ($3.6m) ($511k)
Other liabilities $10.5m $6.3m $4.8m $12.5m $3.6m ($9.1m) ($2.2m) $4.2m ($6.6m) ($2.1m)
Purchases of securities available-for-sale — $0 $0 ($285.2m) ($248.3m) ($173.7m) ($94.4m) ($258k) ($97.3m) ($197.9m)
Sales of securities available-for-sale — $0 $0 $10.6m $36.6m $104.5m $45.4m $6.5m $0 $10.7m
Maturities of securities available-for-sale — $0 $0 $80.2m $171.5m $143.6m $105.7m $76.2m $32.2m $144.3m
Proceeds from the exercise of stock options, net $436k $2.3m $5.8m $13.7m $12.1m $25.9m $1.5m $161k $1.0m $1.1m
Payments for tax withholdings related to vesting of restricted stock units — $0 ($596k) ($6.7m) ($12.8m) ($64.3m) ($31.7m) ($15.6m) ($16.1m) ($16.0m)
Purchases of property and equipment included in accounts payable and accrued liabilities $2.2m $111k $795k $5.3m $4.1m $3.8m $2.4m $1.2m $1.3m $1.1m
Capitalized stock-based compensation $58k $164k $883k $1.8m $2.5m $5.7m $7.6m $6.4m $5.0m $2.9m
Beginning Cash Position — — — — — — $129.8m $130.9m $239.4m $162.9m
Cash Flow From Continuing Financing Activities — — — — — — ($59.6m) ($15.1m) ($15.5m) ($15.0m)
Cash Flow From Continuing Investing Activities — — — — — — $11.6m $64.5m ($78.7m) ($59.1m)
Cash Flow From Discontinued Operation — — — — — — ($21.9m) ($16.0m) ($9.9m) ($397k)
Change In Account Payable — — — — — — $67.4m ($40.4m) ($9.7m) $2.0m
Change In Accrued Expense — — — — — — ($4.9m) ($19.7m) $5.3m $3.1m
Change In Inventory — — — — — — $1.5m $76.0m $47.7m ($24.8m)
Change In Other Current Liabilities — — — — — — ($1.6m) $4.1m ($10.2m) ($2.6m)
Change In Other Working Capital — — — — — — $1.1m ($5.8m) ($14.1m) ($12.0m)
Change In Payable — — — — — — $67.4m ($40.4m) ($9.7m) $2.0m
Change In Payables And Accrued Expense — — — — — — $62.5m ($60.1m) ($4.4m) $5.2m
Change In Prepaid Assets — — — — — — $9.3m $11.3m $3.1m $1.2m
Change In Receivables — — — — — — $1.1m $53.0m $431k $242k
Change In Working Capital — — — — — — $73.9m $78.5m $22.5m ($32.8m)
Changes In Cash — — — — — — $5.4m $106.6m ($75.9m) ($48.9m)
End Cash Position — — — — — — $130.9m $239.4m $162.9m $114.0m
Financing Cash Flow — — — — — — ($59.6m) ($15.1m) ($15.5m) ($15.0m)
Free Cash Flow — — — — — — $30.3m $54.4m $14.2m $9.3m
Investing Cash Flow — — — — — — $11.6m $64.5m ($78.7m) ($59.1m)
Net PPE Purchase And Sale — — — — — — ($45.0m) ($18.0m) ($13.6m) ($16.3m)
Other Non Cash Items — — — — — — $300k $1.9m ($869k) $50k
Proceeds From Stock Option Exercised — — — — — — $1.5m $161k $1.0m $1.1m
Provisionand Write Offof Assets — — — — — — $14.7m ($17.9m) ($15.1m) $4.3m
Purchase Of PPE — — — — — — ($45.0m) ($18.9m) ($14.0m) ($16.3m)
Repurchase Of Capital Stock — — — — — — ($30.0m) $0 $0 —
Sale Of PPE — — — — — — $0 $842k $350k $0
Stock Based Compensation — — — — — — $126.1m $102.1m $76.8m $56.7m
Net Cash Provided by (Used in) Operating Activities $45.1m $38.6m $72.2m $78.6m $42.9m ($15.7m) $55.4m $57.8m $28.2m ($397k)
Cash flows from investing activities:
Payments to Acquire Property, Plant, and Equipment ($15.2m) ($17.1m) $16.6m $30.8m $30.2m $35.3m $46.4m $19.0m $14.0m $16.3m
Net Investment Purchase And Sale — — — — — — $56.6m $82.5m ($65.1m) ($42.8m)
Purchase Of Investment — — — — — — ($94.4m) ($258k) ($97.3m) ($197.9m)
Sale Of Investment — — — — — — $151.0m $82.8m $32.2m $155.0m
Net cash provided by (used in) investing activities from continuing operations — — — — — — $11.6m $64.5m ($78.7m) ($59.1m)
Net cash used in investing activities from discontinued operations — — — — — — ($1.4m) ($150k) $0 $0
Net Cash Provided by (Used in) Investing Activities — — ($16.6m) ($225.2m) ($70.5m) $39.1m $10.2m $64.3m ($78.7m) —
Cash flows from financing activities:
Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-sale — — — $80.2m $171.5m $143.6m $105.7m $76.2m $32.2m $144.3m
Net Common Stock Issuance — — — — — — ($30.0m) $0 $0 —
Payments for Repurchase of Common Stock — — $39k $0 $0 — $30.0m $0 $0 —
Common Stock Payments — — — — — — ($30.0m) $0 $0 —
Proceeds from (Payments for) Other Financing Activities — — — — — — — ($117k) ($431k) ($93k)
Net Other Financing Charges — — — — — — ($31.1m) ($15.2m) ($16.5m) ($16.1m)
Net cash used in financing activities from continuing operations — — — — — — ($59.6m) ($15.1m) ($15.5m) ($15.0m)
Net cash used in financing activities from discontinued operations — — — — — — ($670k) ($454k) ($172k) $0
Net Cash Provided by (Used in) Financing Activities — — $134.8m $6.9m ($1.4m) ($38.9m) ($60.2m) ($15.5m) ($15.5m) —
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — — — $211k $1.5m $1.8m ($4.2m) $1.9m ($688k) —
Effect of exchange rate changes on cash and cash equivalents — — — — $1.5m $1.8m ($4.2m) $1.9m ($688k) $0
Effect Of Exchange Rate Changes — — — — — — ($4.2m) $1.9m ($688k) $0
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect — — $190.4m ($139.6m) — — — $108.5m ($76.6m) ($48.9m)
Net increase (decrease) in cash and cash equivalents $30.4m $18.5m $190.4m ($139.6m) ($29.0m) ($15.5m) $5.4m $108.5m ($76.6m) ($48.9m)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — — $310.4m $170.9m $143.5m $129.8m $130.9m $239.4m $162.9m $114.0m
Cash and cash equivalents at beginning of period $101.5m $120.0m $310.4m $170.9m $143.5m $129.8m $130.9m $239.4m $162.9m $114.0m
Supplemental disclosure of cash flow information:
Change In Cash Supplemental As Reported — — — — — — $1.1m $108.5m ($76.6m) ($48.9m)
Income Taxes Paid, Net $39.4m $28.0m $10.1m $966k $365k $461k $868k $1.1m $1.5m $814k

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.