Reformation Inc. (REF)

NYSE: REF · USD

$15.8

-0.24 (-1.5%)· Recorded snapshot

Market cap	931.1M
Revenue (ttm)	563.5M
Net income (ttm)	11.5M
EPS (ttm)	$0.22
Shares out	59.1M
P/E (trailing)	71.7x
P/E (forward)	28.9x
Volume	433,569

Market data

Price

Recent price action with selectable time range.

Financial snapshot

Revenue (ttm): 563.5M
Net income (ttm): 11.5M
EPS (ttm): $0.22
P/E (trailing): 71.7x
P/E (forward): 28.9x
Market cap: 931.1M

Ticker	Name	Market cap	P/E	P/S	ROIC	5Y rev CAGR	1Y total return	Rating
ABNB	Airbnb, Inc.	97.8B	37.5x	7.4x	16.8%	+24.4%	+28.5%	卖出
AMZN	Amazon.com Inc.	2.7T	20.5x	3.5x	11.9%	+11.8%	+12.2%	卖出
APTV	Aptiv PLC	9.1B	42.8x	0.4x	7.8%	+5.5%	-49.2%	买入

Calendar

Next earnings

Upcoming earnings date and setup when available.

Upcoming

DateLoading

Window—

EPS estimate—

Revenue estimate—

Sector percentile context

Refreshed 2026-10-28 19:55 UTC

Forward P/E28.9

P25 n/aP50 n/aP75 n/a

Trailing P/E71.7

P25 n/aP50 n/aP75 n/a

ROEn/a

P25 n/aP50 n/aP75 n/a

ROIC1.5

P25 n/aP50 n/aP75 n/a

Benchmarks · 1M

All REF indicators

Market & fundamental data

Available fields

197

Groups with data

Currency

USD

Showing 197 of 197 available metrics for this ticker.

Profile and market data

Ticker identity, listing, currency, market cap, and source dates.

Metric	Value
Amount currency	USD
CIK code	0001787117
Company name	Reformation Inc.
Country	United States
Country code	US
CUSIP number	75867H106
Earnings date	2026-11-05
Earnings time	amc
Employees	1,353
Enterprise value	$1.3B
Exchange	NYSE
Financial currency	USD
Financial report date	2026-06-27
First seen	2026-07-31
Fiscal year end	December
Founded	2009
In index	RUSSELL2000
Industry	Apparel Retail
IPO date	2026-07-30
Is primary listing	Yes
Is SPAC	No
ISIN number	US75867H1068
Last earnings date	2026-09-10
Last refreshed	2026-10-28
Last stock split type	Never
Market cap	$931.1M
Market cap category	Small-Cap
Next earnings date	2026-11-05
Options	No
Price	$15.76
Price currency	USD
Sector	Consumer Discretionary
SIC code	2330
Stock price date	2026-10-28
Symbol	REF
U.S. state	California
Website	https://www.thereformation.com

Valuation

Multiples, yields, enterprise-value ratios, and valuation checks.

Metric	Value
Earnings yield	1.4%
EV/Earnings	112.21x
EV/EBIT	85.46x
EV/EBITDA	41.95x
EV/FCF	307.63x
EV/Sales	2.3x
FCF / EV yield	0.33%
FCF yield	0.45%
Forward EV/Sales	2.03x
Forward P/E	28.87x
Forward P/S	1.47x
Graham number	6.1179
Graham upside	-61.36%
Industry forward P/E	21.49x
Industry P/E	19.92x
P/(OCF - SBC) ratio	58.47x
P/B ratio	2.11x
P/E ratio	71.68x
P/FCF ratio	222.37x
P/OCF ratio	22.87x
P/S ratio	1.66x
Price/EBITDA ratio	30.33x
Sector forward P/E	24.43x
Sector P/E	30.53x

Profitability

Margins, returns on capital, cash conversion, and quality metrics.

Metric	Value
EBIT margin	2.69%
EBITDA margin	5.47%
Effective tax rate	28.41%
FCF margin	0.75%
Gross margin	61.29%
Operating margin	2.69%
Pretax margin	2.86%
Profit margin	2.05%
Profit per employee	$8,525
Profitable quarters	1
Profitable years	3
Revenue per employee	$416,462
ROCE	1.74%
ROIC	1.46%
SBC / revenue	4.42%
Tax / revenue	0.81%

Growth

Revenue, earnings, cash-flow, and forward growth indicators.

Metric	Value
EPS growth	-42.89%
EPS growth quarters	1
EPS growth years	0
FCF growth	-82.56%
Gross profit growth	49.94%
Net income growth	-51.71%
Net income growth quarters	1
Net income growth years	0
OCF growth	8.19%
Operating income growth	-59.7%
Revenue growth	56.73%
Revenue growth (Q)	24.11%
Revenue growth (QoQ)	38.23%
Revenue growth quarters	1
Revenue growth years	2

Financial statements

Income-statement and cash-flow amounts, totals and per share.

Metric	Value
Capital expenditures	$-36.7M
Depreciation and amortization	$15.7M
EBIT	$15.1M
EBITDA	$30.8M
EPS	$0.22
FCF per share	$0.07
Financing cash flow	$21.7M
Free cash flow	$4.2M
Free cash flow minus SBC	$-20.7M
Gross profit	$345.4M
Income taxes	$4.6M
Investing cash flow	$-36.7M
Net borrowing	$82M
Net cash flow	$25.5M
Net income	$11.5M
Operating cash flow minus SBC	$16M
Operating income	$15.1M
Revenue	$563.5M
Stock-based compensation	$24.9M

Financial strength

Debt, cash, solvency, accounting-quality, and balance-sheet signals.

Metric	Value
Altman Z-Score	0.7
Book value per share	$7.57
Debt / EBITDA	6.48
Debt / equity	1.16
Debt / FCF	103.47
Goodwill	$209.4M
Interest coverage	1.15
Long-term assets	$794.4M
Long-term liabilities	$494.7M
Net cash (debt)	$-358.7M
Net cash / market cap	-38.34%
Net debt / EBITDA	11.63
Net debt / equity	0.95
Net debt / FCF	85.26
Piotroski F-Score	3
Property, plant and equipment	$266.2M
Shareholders' equity	$376.7M
Tangible book value	$-142.8M
Tangible book value per share	$-2.87
Total assets	$1B
Total cash	$76.6M
Total debt	$435.3M
Total liabilities	$628.4M

Liquidity

Current-asset coverage and working-capital efficiency metrics.

Metric	Value
Current assets	$210.8M
Current liabilities	$133.7M
Current ratio	1.58
Net working capital	$18.9M
Quick ratio	0.79
Working capital	$77.1M

Dividends and buybacks

Dividend yield, payout, buybacks, and shareholder-yield indicators.

Metric	Value
Buyback yield / dilution	16.69%
Dividend yield	0%
Shareholder yield	16.69%

Performance and technicals

Returns, volatility, beta, momentum, RSI, and moving-average context.

Metric	Value
1D price change	-1.5%
1M price change	27.89%
1M total return	27.89%
1W price change	9.1%
1W total return	9.1%
20-day SMA	$14.13
50-day SMA	$13.99
52-week high	$17.26
52-week high date	2026-08-04
52-week low	$11.85
52-week low date	2026-09-30
All-time high	$17.26
All-time high date	2026-08-04
All-time low	$11.85
All-time low date	2026-09-30
Average true range (ATR)	$0.86
Average volume	367K
Beta (1Y)	-0.93
Change from 52-week high	-8.69%
Change from 52-week low	33%
Change from all-time high	-8.34%
Change from all-time low	33.5%
Change from open	-1.01%
Day's gap	-0.5%
Dollar volume	$6.8M
High price	$15.92
Low price	$15.62
Monthly RSI	0
Open price	$15.92
Position in 52-week range	46.67%
Premarket change	-2%
Premarket close	$16.00
Premarket price	$15.68
Previous close	$16.00
Price vs 20-day SMA	11.99%
Price vs 50-day SMA	13.09%
Relative volume	1.18
Return from IPO open	5.57%
Return from IPO price	5.57%
RSI	63.61
Sharpe ratio	0.56
Sortino ratio	0.9
Volume	433.6K
Weekly RSI	0

Ownership and float

Institutional, insider, float, short-interest, and share-count fields.

Metric	Value
Float	15.9M
Float percentage	26.97%
Shares change (QoQ)	6.35%
Shares change (YoY)	-16.69%
Shares held by insiders	24.04%
Shares held by institutions	16.64%
Shares outstanding	59.1M
Short % of float	16.01%
Short % of shares	4.32%
Short ratio	4.2 days

Deeper analysis on REF

14 sections in the full report · jump straight to what you need

Forecast

Base and Bull forecast paths with report-date return framing.

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Valuation

Fair-value bridge, DCF, owner earnings, and peer multiples.

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Sensitivity

Cost-of-equity and terminal-growth stress table.

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Risks

Kill scenarios, soft-pass flags, and downside catalysts.

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Earnings

Next earnings setup and beat / inline / miss thresholds.

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Position sizing

Entry, exit, conviction, and quarterly monitoring rules.

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Financials

Revenue, margins, cash flow, and balance-sheet context.

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Peers

Relative valuation and profitability against the cohort.

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Moat

Economic-profit evidence and competitive advantage risk.

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Industry cycle

Sector phase, capital cycle, and secular tailwinds.

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Frequently asked questions

About this REF report

Is a complete REF research report available?

No complete published report is available for Reformation Inc. (REF) on this page. Market-directory data, when present, is not a substitute for a validated stock analysis.

Reformation Inc. (REF)

Price

Financial snapshot

Fair-value bridge

Latest news · REF

Valuation

Profitability

Balance sheet

Trading

Next earnings

Sector percentile context

All REF indicators

Profile and market data

Valuation

Profitability

Growth

Financial statements

Financial strength

Liquidity

Dividends and buybacks

Performance and technicals

Ownership and float

Deeper analysis on REF

Frequently asked questions