Reformation

20 straight quarters of double-digit growth but margin thinning as it scales; NYSE debut 30 Jul 2026

Rank by margin

7 of 12

7 of 12

Rank by size

7 of 12

7 of 12

Revenue

$507m

$507m

normalised to USD

normalised to USD

Revenue growth

+15.7%

+15.7%

Gross margin

70.3% (Q1-26, incl tariff refund)

70.3% (Q1-26, incl tariff refund)

Bottom-line margin

2.5%

2.5%

net income

net income

Kept per 1.00 of sales

~2c

~2c

Profit as reported

Net income USD 12.6m; adj EBITDA USD 45m

Net income USD 12.6m; adj EBITDA USD 45m

Margin direction

DOWN (net USD 12.6m vs 32.9m)

DOWN (net USD 12.6m vs 32.9m)

Latest financial year end

27 Dec 2025

27 Dec 2025

Sources

https://qz.com/reformation-ipo-nyse-womenswear-sustainable-revenue-062626

https://www.investing.com/news/stock-market-news/reformation-prices-ipo-at-15-per-share-on-nyse-432SI-4822040

Note on these figures

Listed on the NYSE on 30 July 2026. Ownership details may have changed since.

Common questions

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