Torrid Holdings Inc. (CURV) Financial Statements
Industry: Apparel & Accessory Stores (Retail)
In fiscal 2025, Torrid reported revenue of $1.00B, down 9.4% from $1.10B the year before. Net income was -$7.0M (a -0.7% net margin), or -$0.07 per diluted share. Gross margin was 34.8% and operating margin was 2.1%. Operating activities generated -$13.0M of cash, leaving -$21.9M of free cash flow. At fiscal year end, Torrid held $400.3M in total assets against $613.7M in total liabilities, including $20.0M of cash and equivalents.
Open the full interactive Torrid financials → Quarterly statements, key ratios, valuation history and price charts.
Torrid Key Stats
| Share Price | $2.36 |
|---|---|
| Market Cap | $236.5M |
| Revenue YoY Growth | -9.4% |
| 52-Week Range | $0.97 – $2.75 |
| Shares Outstanding | 99.6 million (basic, 2026 Q2) |
Torrid Income Statement
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $1.28B | $1.29B | $1.15B | $1.10B | $1.00B |
| Cost of Goods Sold | $759.8M | $828.6M | $746.0M | $690.3M | $652.1M |
| Gross Profit | $519.0M | $459.5M | $406.0M | $413.5M | $348.0M |
| Operating Income | $45.4M | $101.6M | $57.1M | $57.2M | $21.4M |
| Pre-Tax Income | $15.8M | $71.7M | $18.0M | $21.6M | -$9.6M |
| Income Tax | $45.8M | $21.5M | $6.4M | $5.3M | -$2.5M |
| Net Income | -$29.9M | $50.2M | $11.6M | $16.3M | -$7.0M |
| Diluted EPS | -$0.27 | $0.48 | $0.11 | $0.15 | -$0.07 |
Torrid Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $235.2M | $236.2M | $245.8M | $231.7M |
| Net Income | -$6.4M | -$8.1M | $414,000 | $5.2M |
| Diluted EPS | -$0.06 | -$0.08 | — | $0.05 |
Torrid Balance Sheet
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Cash & Equivalents | $29.0M | $13.6M | $11.7M | $48.5M | $20.0M |
| Current Assets | $220.9M | $216.1M | $179.1M | $226.2M | $193.5M |
| Total Assets | $578.5M | $527.3M | $476.9M | $488.4M | $400.3M |
| Current Liabilities | $297.0M | $267.3M | $232.1M | $263.1M | $248.9M |
| Total Long-Term Debt | $341.4M | $320.8M | $304.7M | $288.6M | $272.4M |
| Total Liabilities | $836.8M | $757.5M | $688.7M | $679.5M | $613.7M |
| Shareholders' Equity | -$258.3M | -$230.2M | -$211.7M | -$191.1M | -$213.4M |
Torrid Cash Flow Statement
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Cash From Operations | $121.2M | $53.3M | $42.8M | $77.4M | -$13.0M |
| Cash From Investing | -$17.6M | -$23.4M | -$26.0M | -$14.4M | -$8.9M |
| Cash From Financing | -$197.8M | -$45.1M | -$18.5M | -$24.5M | -$7.2M |
| Free Cash Flow | $103.7M | $29.9M | $16.8M | $63.0M | -$21.9M |
Figures from Torrid's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Torrid financials page for every line item.
Torrid Company Profile
| Ticker | CURV |
|---|---|
| Exchange | NYSE |
| Industry | Apparel & Accessory Stores (Retail) |
| Headquarters | City Of Industry, California |
| Fiscal Year End | January 31 |
| SEC Filer Category | Accelerated filer, smaller reporting company |
| SEC CIK | 0001792781 |
Frequently Asked Questions
What was Torrid's revenue in fiscal 2025?
Torrid (CURV) reported revenue of $1.00B for fiscal 2025.
What is Torrid's annual revenue history?
Torrid's annual revenue by fiscal year: 2021: $1.28B; 2022: $1.29B; 2023: $1.15B; 2024: $1.10B; 2025: $1.00B.
What was Torrid's net income in fiscal 2025?
Torrid reported net income of -$7.0M for fiscal 2025.
What was Torrid's earnings per share (EPS) in fiscal 2025?
Torrid's diluted EPS was -$0.07 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Torrid generate in fiscal 2025?
Torrid generated -$21.9M of free cash flow in fiscal 2025.
What was Torrid's revenue last quarter?
In its most recent reported quarter (2026 Q2), Torrid reported revenue of $231.7M.
How much debt does Torrid have?
Torrid reported $272.4M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Torrid are outstanding?
Torrid reported a weighted average of 99.6 million basic shares outstanding in 2026 Q2.
What is Torrid's market cap?
Based on its latest closing price, Torrid (CURV) has a market capitalization of about $236.5M.
When does Torrid's fiscal year end?
Torrid's fiscal year end, as registered with the SEC, is January 31.
Where is Torrid headquartered?
Torrid lists its business address in City Of Industry, California in its SEC filings.