Reformation REF
$18.05 +$1.20 (+7.12%)
Market closed · Nov 6, 8:10 pm ET · Last extended-hours $18.05 0.00%
Open$16.90
Prev close$16.85
Day range$16.02 – $18.09
Volume930.9K
Market cap$1.07B
P/E (TTM)196.2
Dividend yield–
Fundamentals
Latest reported quarter: Q2, ended Jun 2026
Revenue$155.23M+24.1% YoY
Operating profit$19.02M+51.1% YoY
Net profit$12.41M+79.4% YoY
Diluted EPS$0.25+90.8% YoY
Free cash flow$8.83M+292.2% YoY
Operating cash flow$17.22M
Revenue, last 4 quarters
Net profit, last 4 quarters
Diluted EPS by quarter
Free cash flow by quarter
Annual revenue
Profitability & balance sheet
Gross margin63.1%
Operating margin4.7%
Net margin2.0%
Return on equity3.1%
Return on assets1.1%
Return on invested capital2.5%
Current ratio1.58
Liabilities / assets62.5%
Cash & investments$76.63M
Total debt$418.48M
Net cash (debt)-$341.85M
Free cash flow / sales0.7%
Cash flow
| Line item | 2026 Q2 | 2026 Q1 | 2025 ANNUAL | 2025 Q2 | 2025 Q1 |
|---|---|---|---|---|---|
| Gain/Loss from Continuing Operations | $5.38M | $5.17M | $19.02M | $4.55M | $4.27M |
| Net Income from Continuing Operations | $12.41M | -$12.15M | $12.64M | $6.92M | -$5.55M |
| Net cash flow from continuing operations | $17.22M | -$17.20M | $26.67M | $9.32M | -$23.53M |
| Operating Cash Flow | $17.22M | -$17.20M | $26.67M | $9.32M | -$23.53M |
| Depreciation & Depletion & Amortization | $4.25M | $4.16M | $13.17M | $3.02M | $2.86M |
| -Change in Other Current Liabilities | -$4.32M | -$4.49M | -$14.83M | -$3.68M | -$5.45M |
| -Change in Other Current Assets | $976,000.00 | -$1.26M | -$1.99M | -$335,000.00 | -$1.47M |
| Net Change in Cash | $35.67M | -$24.04M | -$23.03M | -$5.64M | -$31.65M |
| Net cash flow from investing | -$8.40M | -$4.82M | -$44.54M | -$13.91M | -$7.15M |
| Net Cash Flow from Continuing Investing Activities | -$8.40M | -$4.82M | -$44.54M | -$13.91M | -$7.15M |
| Net PPE Purchase and Sale | -$8.40M | -$4.82M | -$44.54M | -$13.91M | -$7.15M |
| Free Cash Flow | $8.83M | -$22.02M | -$17.87M | -$4.59M | -$30.68M |
| Effect of Exchange Rate Changes | -$262,000.00 | -$217,000.00 | $824,000.00 | $618,000.00 | $159,000.00 |
| Beginning Cash Balance | $41.22M | $65.47M | $87.68M | $56.19M | $87.68M |
| Ending Cash Balance | $76.63M | $41.22M | $65.47M | $51.16M | $56.19M |
| Proceeds from Stock Option Exercised | $8,000.00 | $42,000.00 | $0.00 | $0.00 | $0.00 |
| Net Issuance Payments Of Debt | $87.15M | -$2.06M | -$5.16M | -$1.05M | -$971,000.00 |
| Net Cash Flow from Continuing Financing Activities | $26.84M | -$2.02M | -$5.16M | -$1.05M | -$971,000.00 |
| Financing Cash Flow | $26.84M | -$2.02M | -$5.16M | -$1.05M | -$971,000.00 |
| -Change in Payables and Accrued Expense | $6.78M | -$4.40M | $12.88M | $3.01M | -$3.13M |
| -Change in Prepaid Assets | -$5.47M | -$1.32M | -$3.87M | -$1.44M | -$1.55M |
| -Change in Inventory | -$11.10M | -$10.15M | -$8.56M | -$6.54M | -$6.41M |
| -Change in Receivables | $13.15M | -$13.46M | -$6.06M | $1.35M | -$6.10M |
| Change in Working Capital | $1.04M | -$34.73M | -$21.07M | -$7.06M | -$23.92M |
| Deferred Tax | $4.50M | -$4.00M | $617,000.00 | $1.31M | -$1.78M |
| -Change In Other Working Capital | $1.01M | $361,000.00 | $1.35M | $572,000.00 | $183,000.00 |
| Other Non-Cash Items | – | – | $81,000.00 | – | – |
| Net Common Stock Issuance | – | – | $0.00 | – | – |
Balance sheet
| Line item | 2026 Q2 | 2026 Q1 | 2025 ANNUAL | 2024 ANNUAL |
|---|---|---|---|---|
| Other Current Liabilities | $52.59M | $46.21M | $43.49M | $29.87M |
| Current Deferred Liabilities | $7.60M | $6.80M | $6.74M | $4.34M |
| -Current Capital Lease Obligation | $16.84M | $16.78M | $16.67M | $11.75M |
| -Current Debt | $1.61M | $8.25M | $8.25M | $5.16M |
| Short-Term Debt and Capital Lease Obligation | $18.44M | $25.03M | $24.92M | $16.91M |
| Current Accrued Expenses | $16.74M | $19.72M | $19.63M | $21.91M |
| -Dividends Payable | $29.06M | – | – | – |
| -Total Tax Payable | $2.95M | $1.66M | $3.70M | $3.75M |
| -Accounts Payable | $6.30M | $3.03M | $7.66M | $4.94M |
| Payables | $38.31M | $4.69M | $11.36M | $8.69M |
| Total Current Liabilities | $133.69M | $102.44M | $106.14M | $81.71M |
| Total Liabilities | $628.43M | $492.11M | $497.07M | $447.16M |
| Other Non-Current Assets | $8.73M | $7.20M | $6.00M | $4.13M |
| -Other Intangible Assets | $310.08M | $310.29M | $310.50M | $311.33M |
| Total Non-Current Liabilities | $494.74M | $389.68M | $390.93M | $365.45M |
| Long Term Debt and Capital Lease Obligation | $416.87M | $316.92M | $314.56M | $290.84M |
| Gains/Losses Not Affecting Retained Earnings | -$537,000.00 | -$157,000.00 | $25,000.00 | -$434,000.00 |
| Retained Earnings | $1.30M | $70.35M | $82.49M | $69.86M |
| Additional Paid-In Capital | $375.96M | $382.39M | $358.28M | $357.18M |
| -Common Stock | $5,000.00 | $4,000.00 | $4,000.00 | $4,000.00 |
| Capital Stock | $5,000.00 | $4,000.00 | $4,000.00 | $4,000.00 |
| Stockholders' Equity | $376.73M | $452.58M | $440.80M | $426.61M |
| Total Equity | $376.73M | $452.58M | $440.80M | $426.61M |
| Non-Current Deferred Liabilities | $72.12M | $67.43M | $71.14M | $71.54M |
| -Long Term Capital Lease Obligation | $176.95M | $171.03M | $166.84M | $135.82M |
| -Long Term Debt | $239.92M | $145.90M | $147.72M | $155.01M |
| -Goodwill | $209.42M | $209.42M | $209.42M | $209.42M |
| Goodwill and Other Intangible Assets | $519.50M | $519.71M | $519.92M | $520.75M |
| -Accumulated Depreciation | -$43.95M | -$39.95M | -$36.04M | -$24.02M |
| -Gross PPE | $310.12M | $296.43M | $287.08M | $208.59M |
| Net PPE | $266.17M | $256.49M | $251.04M | $184.58M |
| Total Non-Current Assets | $794.40M | $783.39M | $776.95M | $709.46M |
| Other Current Assets | $22.86M | $17.43M | $16.39M | $12.43M |
| Inventory | $81.77M | $70.81M | $60.64M | $51.92M |
| -Other Receivables | $10.92M | $15.02M | – | – |
| -Accounts Receivable | $18.58M | $16.82M | $18.41M | $12.29M |
| Receivables | $29.51M | $31.84M | $18.41M | $12.29M |
| -Cash and Cash Equivalents | $76.63M | $41.22M | $65.47M | $87.68M |
| Cash and Cash Equivalents & Short-Term Investments | $76.63M | $41.22M | $65.47M | $87.68M |
| Total Current Assets | $210.76M | $161.30M | $160.91M | $164.31M |
| Total Assets | $1.01B | $944.69M | $937.87M | $873.77M |
| Other Non-Current Liabilities | $5.75M | $5.32M | $5.23M | $3.07M |
Income statement
| Line item | 2026 Q2 | 2026 Q1 | 2025 ANNUAL | 2025 Q2 | 2025 Q1 |
|---|---|---|---|---|---|
| Total Operating Revenue | $155.23M | $112.30M | $507.10M | $125.07M | $86.09M |
| Total Revenue as Reported | $155.23M | $112.30M | $507.10M | $125.07M | $86.09M |
| Cost of Revenue | $51.76M | $33.30M | $201.62M | $44.51M | $34.21M |
| Gross Profit | $103.47M | $79.00M | $305.49M | $80.57M | $51.88M |
| Diluted EPS | $0.25 | -$0.21 | $0.21 | $0.13 | -$0.09 |
| Basic EPS | $0.25 | -$0.21 | $0.21 | $0.14 | -$0.09 |
| Operating Expense | $84.45M | $91.84M | $276.67M | $67.98M | $55.79M |
| Selling and Admin Expenses | $84.45M | $91.84M | $276.67M | $67.98M | $55.79M |
| -Selling & Marketing Expense | $84.45M | $91.84M | $276.67M | $67.98M | $55.79M |
| Operating Profit | $19.02M | -$12.84M | $28.82M | $12.59M | -$3.91M |
| Net Non-Operating Interest Income (Expense) | -$3.36M | -$2.96M | -$12.73M | -$3.62M | -$3.50M |
| Non-Operating Interest Income | $185,000.00 | $313,000.00 | $1.84M | $414,000.00 | $655,000.00 |
| Non-Operating Interest Expense | $3.54M | $3.27M | $14.57M | $4.04M | $4.15M |
| Other Income (Expense) | $1.44M | -$255,000.00 | $773,000.00 | $308,000.00 | -$73,000.00 |
| Other Non-Operating Income (Expenses) | $1.44M | -$255,000.00 | $773,000.00 | $308,000.00 | -$73,000.00 |
| Pretax Profit | $17.11M | -$16.05M | $16.86M | $9.28M | -$7.48M |
| Tax | $4.70M | -$3.91M | $4.22M | $2.36M | -$1.93M |
| Net Profit | $12.41M | -$12.15M | $12.64M | $6.92M | -$5.55M |
| Profit from Continuing Operations | $12.41M | -$12.15M | $12.64M | $6.92M | -$5.55M |
| Net Income to Parent Company | $12.41M | -$12.15M | $12.64M | $6.92M | -$5.55M |
| Net Income to Common Stockholders | $12.41M | -$12.15M | $12.64M | $6.92M | -$5.55M |
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