Torrid (CURV) Financials

$1.54 +0.01 (+0.32%)

Closing price 03:59 PM Eastern

Extended Trading

$1.48 -0.06 (-4.21%)

As of 06:26 PM Eastern

Annual Income Statements for Torrid

This table shows Torrid's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Period end date	1/28/2023	2/3/2024	2/1/2025
Net Income / (Loss) Attributable to Common Shareholders	50	12	16
Consolidated Net Income / (Loss)	50	12	16
Net Income / (Loss) Continuing Operations	50	12	16
Total Pre-Tax Income	72	18	22
Total Operating Income	102	57	57
Total Gross Profit	460	406	413
Total Revenue	1,288	1,152	1,104
Operating Revenue	1,288	1,152	1,104
Total Cost of Revenue	829	746	690
Operating Cost of Revenue	829	746	690
Total Operating Expenses	358	349	356
Selling, General & Admin Expense	298	293	302
Marketing Expense	60	55	54
Total Other Income / (Expense), net	-30	-39	-36
Interest & Investment Income	-30	-39	-36
Other Income / (Expense), net	-0.21	0.09	0.03
Income Tax Expense	21	6.42	5.29
Other Adjustments to Net Income / (Loss) Attributable to Common Shareholders)	0.67	0.10	1.17
Basic Earnings per Share	$0.48	$0.11	$0.16
Weighted Average Basic Shares Outstanding	104.34M	103.99M	104.56M
Diluted Earnings per Share	$0.48	$0.11	$0.15
Weighted Average Diluted Shares Outstanding	104.49M	104.40M	105.68M
Weighted Average Basic & Diluted Shares Outstanding	103.80M	104.33M	104.93M

This table shows Torrid's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	10/29/2022	1/28/2023	4/29/2023	7/29/2023	10/28/2023	2/3/2024	5/4/2024	8/3/2024	11/2/2024	2/1/2025
Net Income / (Loss) Attributable to Common Shareholders	7.28	-4.23	12	6.63	-3.02	-3.85	12	8.33	-1.28	-3.31
Consolidated Net Income / (Loss)	7.28	-3.84	12	6.63	-2.75	-4.07	12	8.33	-1.19	-2.99
Net Income / (Loss) Continuing Operations	7.28	-3.84	12	6.63	-2.75	-4.07	12	8.33	-1.22	-2.96
Total Pre-Tax Income	11	-5.85	17	11	-3.14	-6.03	17	11	-1.22	-5.23
Total Operating Income	20	2.52	26	20	6.88	4.02	26	20	7.20	3.45
Total Gross Profit	102	96	111	103	92	101	115	110	95	93
Total Revenue	300	301	294	289	275	294	280	285	264	276
Operating Revenue	300	301	294	289	275	294	280	285	264	276
Total Cost of Revenue	198	205	183	186	184	192	164	174	169	183
Operating Cost of Revenue	198	205	183	186	184	192	164	174	169	183
Total Operating Expenses	82	94	85	82	85	97	89	90	88	89
Selling, General & Admin Expense	69	78	71	70	72	81	76	77	75	74
Marketing Expense	13	16	13	13	13	17	13	13	13	15
Total Other Income / (Expense), net	-8.54	-8.37	-9.53	-9.52	-10	-10	-9.49	-9.02	-8.42	-8.68
Other Income / (Expense), net	-	-	-0.06	0.09	-0.27	0.33	-0.11	0.12	0.36	-0.35
Income Tax Expense	4.14	-2.01	4.73	4.04	-0.39	-1.96	4.48	3.07	0.00	-2.27
Basic Earnings per Share	$0.07	($0.04)	$0.11	$0.06	($0.03)	($0.03)	$0.12	$0.08	($0.01)	($0.03)
Weighted Average Basic Shares Outstanding	103.62M	104.34M	103.80M	103.93M	104.08M	103.99M	104.27M	104.50M	104.70M	104.56M
Diluted Earnings per Share	$0.07	($0.04)	$0.11	$0.06	($0.03)	($0.03)	$0.12	$0.08	($0.01)	($0.04)
Weighted Average Diluted Shares Outstanding	103.81M	104.49M	104.03M	104.17M	104.08M	104.40M	105.25M	106.07M	104.70M	105.68M
Weighted Average Basic & Diluted Shares Outstanding	103.66M	103.80M	103.87M	104.07M	104.10M	104.33M	104.35M	104.68M	104.76M	104.93M

This table details how cash moves in and out of Torrid's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Period end date	1/28/2023	2/3/2024	2/1/2025
Net Change in Cash & Equivalents	-15	-1.80	37
Net Cash From Operating Activities	53	43	77
Net Cash From Continuing Operating Activities	53	43	77
Net Income / (Loss) Continuing Operations	50	12	16
Consolidated Net Income / (Loss)	50	12	16
Depreciation Expense	38	38	37
Amortization Expense	42	41	41
Non-Cash Adjustments To Reconcile Net Income	10	9.21	8.45
Changes in Operating Assets and Liabilities, net	-87	-57	-25
Net Cash From Investing Activities	-23	-26	-14
Net Cash From Continuing Investing Activities	-23	-26	-14
Purchase of Property, Plant & Equipment	-23	-26	-14
Net Cash From Financing Activities	-45	-19	-25
Net Cash From Continuing Financing Activities	-45	-19	-25
Repayment of Debt	-846	-611	-88
Repurchase of Common Equity	-32	0.00	0.00
Issuance of Debt	833	593	63
Issuance of Common Equity	0.75	0.40	1.04
Other Financing Activities, net	-0.67	-0.31	-0.77
Effect of Exchange Rate Changes	-0.18	-0.05	-1.71
Cash Interest Paid	30	34	35
Cash Income Taxes Paid	16	11	18

This table details how cash moves in and out of Torrid's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	10/29/2022	1/28/2023	4/29/2023	7/29/2023	10/28/2023	2/3/2024	5/4/2024	8/3/2024	11/2/2024	2/1/2025
Net Change in Cash & Equivalents	-4.43	-4.94	4.69	0.28	-2.95	-3.83	8.73	33	-9.99	4.57
Net Cash From Operating Activities	9.62	-0.60	11	20	2.04	9.04	28	41	-3.08	12
Net Cash From Continuing Operating Activities	9.62	-0.60	11	20	2.04	9.04	28	41	-3.08	12
Net Income / (Loss) Continuing Operations	7.28	-3.84	12	6.63	-2.75	-4.07	12	8.33	-1.19	-2.99
Consolidated Net Income / (Loss)	7.28	-3.84	12	6.63	-2.75	-4.07	12	8.33	-1.19	-2.99
Depreciation Expense	9.23	9.47	9.62	9.46	9.17	9.76	9.64	9.30	8.90	9.40
Amortization Expense	11	11	9.98	10	10	11	10	10	10	10
Non-Cash Adjustments To Reconcile Net Income	-1.48	0.21	0.26	3.44	0.07	5.43	1.53	-1.05	0.57	7.40
Changes in Operating Assets and Liabilities, net	-16	-17	-20	-9.19	-15	-13	-5.89	14	-22	-12
Net Cash From Investing Activities	-5.64	-6.28	-5.66	-3.93	-5.64	-11	-7.01	-3.17	-2.44	-1.78
Net Cash From Continuing Investing Activities	-5.64	-6.28	-5.66	-3.93	-5.64	-11	-7.01	-3.17	-2.44	-1.78
Purchase of Property, Plant & Equipment	-5.64	-6.28	-5.66	-3.93	-5.64	-11	-7.01	-3.17	-2.44	-1.78
Net Cash From Financing Activities	-8.17	1.88	-0.80	-16	0.78	-2.18	-12	-4.12	-4.39	-4.13
Net Cash From Continuing Financing Activities	-8.17	1.88	-0.80	-16	0.78	-2.18	-12	-4.12	-4.39	-4.13
Repayment of Debt	-216	-199	-198	-166	-108	-140	-74	-4.38	-4.38	-4.38
Issuance of Common Equity	0.15	0.13	0.13	0.07	0.12	0.08	0.09	0.44	0.18	0.34
Other Financing Activities, net	-0.14	-0.11	-0.12	-0.06	-0.06	-0.06	-0.30	-0.18	-0.19	-0.10
Effect of Exchange Rate Changes	-0.23	0.06	-0.07	0.06	-0.13	0.09	-0.03	-0.05	-0.08	-1.55
Cash Interest Paid	0.52	15	9.07	6.40	9.38	9.34	9.71	8.82	8.55	8.00
Cash Income Taxes Paid	1.81	0.38	0.83	9.93	0.22	0.18	0.20	11	3.11	3.57

This table presents Torrid's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Period end date	1/28/2023	2/3/2024	2/1/2025
Total Assets	527	477	488
Total Current Assets	216	179	226
Cash & Equivalents	14	12	49
Restricted Cash	0.37	0.40	0.40
Inventories, net	180	142	148
Prepaid Expenses	20	22	25
Current Deferred & Refundable Income Taxes	2.08	2.56	4.24
Plant, Property, & Equipment, net	114	104	78
Total Noncurrent Assets	198	194	185
Intangible Assets	8.40	8.40	8.40
Noncurrent Deferred & Refundable Income Taxes	3.30	8.68	17
Other Noncurrent Operating Assets	186	177	160
Total Liabilities & Shareholders' Equity	527	477	488
Total Liabilities	757	689	680
Total Current Liabilities	267	232	263
Short-Term Debt	25	23	16
Accounts Payable	76	46	72
Accrued Expenses	109	108	126
Current Deferred & Payable Income Tax Liabilities	0.00	2.67	0.00
Other Current Liabilities	58	52	49
Total Noncurrent Liabilities	490	457	416
Long-Term Debt	305	289	272
Noncurrent Employee Benefit Liabilities	4.25	5.47	3.91
Other Noncurrent Operating Liabilities	181	163	140
Commitments & Contingencies	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	-230	-212	-191
Total Preferred & Common Equity	-230	-212	-191
Preferred Stock	-	0.00	0.00
Total Common Equity	-230	-212	-191
Common Stock	129	136	141
Retained Earnings	-359	-348	-331
Accumulated Other Comprehensive Income / (Loss)	-0.26	-0.31	-0.90

This table presents Torrid's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Period end date	10/29/2022	4/29/2023	7/29/2023	10/28/2023	5/4/2024	8/3/2024	11/2/2024
Total Assets	564	515	492	509	480	487	493
Total Current Assets	243	217	205	216	194	217	223
Cash & Equivalents	19	18	19	16	20	54	44
Restricted Cash	0.32	0.37	0.37	0.37	0.40	0.40	0.40
Inventories, net	200	175	158	171	145	128	138
Prepaid Expenses	23	22	24	25	27	30	33
Current Deferred & Refundable Income Taxes	1.15	1.85	4.08	4.65	1.59	4.13	6.62
Plant, Property, & Equipment, net	116	108	103	101	98	92	86
Total Noncurrent Assets	205	190	185	192	187	179	185
Intangible Assets	8.40	8.40	8.40	8.40	8.40	8.40	8.40
Noncurrent Deferred & Refundable Income Taxes	4.87	3.29	3.30	3.30	8.68	8.68	8.68
Other Noncurrent Operating Assets	192	178	173	181	170	162	168
Total Liabilities & Shareholders' Equity	564	515	492	509	480	487	493
Total Liabilities	793	732	700	719	678	676	682
Total Current Liabilities	295	255	236	252	234	246	251
Short-Term Debt	18	28	16	21	16	16	16
Accounts Payable	125	78	62	79	59	68	77
Accrued Expenses	102	91	107	102	109	117	117
Current Deferred & Payable Income Tax Liabilities	3.09	3.68	-	-	6.00	0.72	0.06
Other Current Liabilities	46	55	51	50	45	44	41
Total Noncurrent Liabilities	499	477	464	466	444	431	431
Long-Term Debt	309	301	297	293	285	280	276
Noncurrent Employee Benefit Liabilities	4.17	4.54	4.85	4.75	5.26	5.02	3.74
Other Noncurrent Operating Liabilities	186	172	162	169	154	145	151
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	-229	-216	-208	-209	-199	-189	-189
Total Preferred & Common Equity	-229	-216	-208	-209	-199	-189	-189
Preferred Stock	-	-	-	-	0.00	0.00	0.00
Total Common Equity	-229	-216	-208	-209	-199	-189	-189
Common Stock	127	131	133	135	137	139	140
Retained Earnings	-355	-347	-341	-344	-335	-327	-328
Accumulated Other Comprehensive Income / (Loss)	-0.40	-0.43	-0.20	-0.48	-0.40	-0.50	-0.59

This table displays calculated financial ratios and metrics derived from Torrid's official financial filings.

Metric	2022	2023	2024
Period end date	1/28/2023	2/3/2024	2/1/2025
Growth Metrics	-	-	-
Revenue Growth	-0.70%	-10.57%	-4.18%
EBITDA Growth	46.11%	-24.46%	-1.14%
EBIT Growth	123.48%	-43.56%	0.00%
NOPAT Growth	124.07%	-48.28%	17.37%
Net Income Growth	0.00%	-76.86%	40.44%
EPS Growth	0.00%	-77.08%	36.36%
Operating Cash Flow Growth	-56.02%	-19.77%	80.94%
Free Cash Flow Firm Growth	1,251.57%	-15.33%	145.20%
Invested Capital Growth	58.24%	3.59%	-44.91%
Revenue Q/Q Growth	-2.36%	-0.66%	-1.60%
EBITDA Q/Q Growth	-7.37%	1.58%	-1.19%
EBIT Q/Q Growth	-12.06%	2.86%	-0.93%
NOPAT Q/Q Growth	72.58%	1.71%	2.30%
Net Income Q/Q Growth	60.42%	-1.91%	7.10%
EPS Q/Q Growth	50.00%	10.00%	-6.25%
Operating Cash Flow Q/Q Growth	6.89%	29.09%	4.01%
Free Cash Flow Firm Q/Q Growth	0.00%	26.80%	15.10%
Invested Capital Q/Q Growth	7.58%	-0.59%	-17.66%
Profitability Metrics	-	-	-
Gross Margin	35.67%	35.24%	37.46%
EBITDA Margin	14.04%	11.86%	12.24%
Operating Margin	7.89%	4.96%	5.18%
EBIT Margin	7.87%	4.97%	5.19%
Profit (Net Income) Margin	3.90%	1.01%	1.48%
Tax Burden Percent	70.04%	64.42%	75.54%
Interest Burden Percent	70.68%	31.51%	37.74%
Effective Tax Rate	29.96%	35.58%	24.46%
Return on Invested Capital (ROIC)	102.56%	42.52%	63.24%
ROIC Less NNEP Spread (ROIC-NNEP)	95.87%	34.33%	53.27%
Return on Net Nonoperating Assets (RNNOA)	-123.11%	-47.78%	-71.34%
Return on Equity (ROE)	-20.55%	-5.26%	-8.10%
Cash Return on Invested Capital (CROIC)	57.45%	38.99%	121.16%
Operating Return on Assets (OROA)	18.34%	11.40%	11.86%
Return on Assets (ROA)	9.08%	2.31%	3.38%
Return on Common Equity (ROCE)	-20.55%	-5.26%	-8.10%
Return on Equity Simple (ROE_SIMPLE)	-21.81%	-5.49%	-8.54%
Net Operating Profit after Tax (NOPAT)	71	37	43
NOPAT Margin	5.53%	3.20%	3.92%
Net Nonoperating Expense Percent (NNEP)	6.69%	8.19%	9.97%
Return On Investment Capital (ROIC_SIMPLE)	71.90%	36.73%	44.34%
Cost of Revenue to Revenue	64.33%	64.76%	62.54%
SG&A Expenses to Revenue	23.13%	25.46%	27.36%
R&D to Revenue	0.00%	0.00%	0.00%
Operating Expenses to Revenue	27.79%	30.28%	32.28%
Earnings before Interest and Taxes (EBIT)	101	57	57
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	181	137	135
Valuation Ratios	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.00
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.30	0.45	0.67
Price to Earnings (P/E)	7.71	44.73	47.01
Dividend Yield	0.00%	0.00%	0.00%
Earnings Yield	12.97%	2.24%	2.13%
Enterprise Value to Invested Capital (EV/IC)	8.23	9.27	20.17
Enterprise Value to Revenue (EV/Rev)	0.54	0.71	0.89
Enterprise Value to EBITDA (EV/EBITDA)	3.87	5.98	7.25
Enterprise Value to EBIT (EV/EBIT)	6.90	14.28	17.11
Enterprise Value to NOPAT (EV/NOPAT)	9.83	22.20	22.66
Enterprise Value to Operating Cash Flow (EV/OCF)	13.13	19.11	12.65
Enterprise Value to Free Cash Flow (EV/FCFF)	17.55	24.20	11.83
Leverage & Solvency	-	-	-
Debt to Equity	-1.43	-1.47	-1.51
Long-Term Debt to Equity	-1.32	-1.36	-1.43
Financial Leverage	-1.28	-1.39	-1.34
Leverage Ratio	-2.26	-2.27	-2.40
Compound Leverage Factor	-1.60	-0.72	-0.90
Debt to Total Capital	332.56%	311.19%	296.06%
Short-Term Debt to Total Capital	24.77%	23.36%	16.56%
Long-Term Debt to Total Capital	307.78%	287.83%	279.50%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%
Common Equity to Total Capital	-232.56%	-211.19%	-196.06%
Debt to EBITDA	1.82	2.28	2.14
Net Debt to EBITDA	1.74	2.19	1.77
Long-Term Debt to EBITDA	1.68	2.11	2.02
Debt to NOPAT	4.63	8.47	6.68
Net Debt to NOPAT	4.43	8.14	5.55
Long-Term Debt to NOPAT	4.28	7.84	6.30
Altman Z-Score	2.31	2.11	2.26
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-
Current Ratio	0.81	0.77	0.86
Quick Ratio	0.05	0.05	0.18
Cash Flow Metrics	-	-	-
Free Cash Flow to Firm (FCFF)	40	34	83
Operating Cash Flow to CapEx	228.13%	164.49%	537.73%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00
Efficiency Ratios	-	-	-
Asset Turnover	2.33	2.29	2.29
Accounts Receivable Turnover	0.00	0.00	0.00
Inventory Turnover	4.73	4.63	4.75
Fixed Asset Turnover	10.68	10.61	12.18
Accounts Payable Turnover	9.85	12.19	11.64
Days Sales Outstanding (DSO)	0.00	0.00	0.00
Days Inventory Outstanding (DIO)	77.23	78.84	76.86
Days Payable Outstanding (DPO)	37.06	29.94	31.35
Cash Conversion Cycle (CCC)	40.17	48.90	45.51
Capital & Investment Metrics	-	-	-
Invested Capital	85	88	49
Invested Capital Turnover	18.56	13.30	16.15
Increase / (Decrease) in Invested Capital	31	3.05	-40
Enterprise Value (EV)	700	817	979
Market Capitalization	385	517	740
Book Value per Share	($2.22)	($2.03)	($1.82)
Tangible Book Value per Share	($2.30)	($2.11)	($1.90)
Total Capital	99	100	97
Total Debt	329	312	289
Total Long-Term Debt	305	289	272
Net Debt	315	300	240
Capital Expenditures (CapEx)	23	26	14
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-41	-42	-70
Debt-free Net Working Capital (DFNWC)	-27	-30	-21
Net Working Capital (NWC)	-51	-53	-37
Net Nonoperating Expense (NNE)	21	25	27
Net Nonoperating Obligations (NNO)	315	300	240
Total Depreciation and Amortization (D&A)	79	79	78
Debt-free, Cash-free Net Working Capital to Revenue	-3.15%	-3.62%	-6.32%
Debt-free Net Working Capital to Revenue	-2.07%	-2.57%	-1.89%
Net Working Capital to Revenue	-3.98%	-4.60%	-3.35%
Earnings Adjustments	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.11	$0.16
Adjusted Weighted Average Basic Shares Outstanding	0.00	103.99M	104.56M
Adjusted Diluted Earnings per Share	$0.00	$0.11	$0.15
Adjusted Weighted Average Diluted Shares Outstanding	0.00	104.40M	105.68M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	104.33M	104.93M
Normalized Net Operating Profit after Tax (NOPAT)	71	37	43
Normalized NOPAT Margin	5.53%	3.20%	3.92%
Pre Tax Income Margin	5.56%	1.57%	1.96%
Debt Service Ratios	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00
Payout Ratios	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%
Augmented Payout Ratio	63.14%	0.00%	0.00%

This table displays calculated financial ratios and metrics derived from Torrid's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	10/29/2022	1/28/2023	4/29/2023	7/29/2023	10/28/2023	2/3/2024	5/4/2024	8/3/2024	11/2/2024	2/1/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-1.97%	-9.38%	-11.81%	-18.21%	-8.26%	-2.55%	-4.79%	-1.56%	-4.23%	-6.12%
EBITDA Growth	-37.00%	-38.55%	-23.51%	-32.54%	-34.15%	10.43%	0.52%	0.09%	1.90%	-9.33%
EBIT Growth	-54.37%	-84.49%	-34.57%	-48.56%	-66.85%	72.68%	0.12%	1.28%	14.35%	-28.57%
NOPAT Growth	118.58%	-84.49%	-34.91%	-54.23%	-62.12%	59.64%	2.65%	18.96%	4.65%	-14.07%
Net Income Growth	112.35%	-153.46%	-50.93%	-70.81%	-137.76%	-5.88%	3.08%	25.63%	56.55%	26.58%
EPS Growth	112.96%	-157.14%	-52.17%	-72.73%	-142.86%	25.00%	9.09%	33.33%	66.67%	-33.33%
Operating Cash Flow Growth	-48.78%	85.17%	22.35%	-41.71%	-78.84%	1,611.87%	146.14%	99.41%	-251.40%	32.99%
Free Cash Flow Firm Growth	161.73%	0.00%	104.38%	-100.87%	-102.19%	99.18%	1,388.17%	6,412.83%	830.81%	17,343.94%
Invested Capital Growth	-72.14%	58.24%	21.31%	18.24%	12.10%	3.59%	-13.48%	-38.12%	-33.49%	-44.91%
Revenue Q/Q Growth	-15.08%	0.34%	-2.45%	-1.60%	-4.75%	6.58%	-4.69%	1.74%	-7.33%	4.47%
EBITDA Q/Q Growth	-32.80%	-43.06%	101.63%	-12.56%	-34.41%	-4.51%	85.99%	-12.94%	-33.22%	-15.04%
EBIT Q/Q Growth	-49.38%	-87.40%	933.92%	-22.02%	-67.38%	-34.35%	548.39%	-21.11%	-63.17%	-58.99%
NOPAT Q/Q Growth	-53.58%	-86.16%	957.21%	-32.62%	-61.59%	-41.66%	579.77%	-21.91%	-66.21%	-52.10%
Net Income Q/Q Growth	-67.96%	-152.82%	407.18%	-43.86%	-141.45%	-48.11%	399.07%	-31.58%	-114.34%	-150.25%
EPS Q/Q Growth	-68.18%	-157.14%	375.00%	-45.45%	-150.00%	0.00%	500.00%	-33.33%	-112.50%	-300.00%
Operating Cash Flow Q/Q Growth	-72.62%	-106.22%	1,976.76%	82.41%	-90.06%	344.28%	205.54%	47.78%	-107.55%	490.26%
Free Cash Flow Firm Q/Q Growth	150.42%	-113.59%	107.22%	-135.48%	-527.78%	94.88%	13,136.95%	50.51%	-27.32%	20.92%
Invested Capital Q/Q Growth	8.45%	7.58%	10.27%	-8.10%	2.82%	-0.59%	-7.90%	-34.28%	10.52%	-17.66%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	33.96%	31.93%	37.65%	35.51%	33.22%	34.46%	41.26%	38.74%	36.08%	33.62%
EBITDA Margin	13.23%	7.51%	15.52%	13.79%	9.50%	8.51%	16.39%	14.02%	10.10%	8.22%
Operating Margin	6.65%	0.83%	8.87%	6.98%	2.50%	1.37%	9.34%	7.17%	2.73%	1.25%
EBIT Margin	6.65%	0.83%	8.85%	7.01%	2.40%	1.48%	9.31%	7.22%	2.87%	1.13%
Profit (Net Income) Margin	2.42%	-1.28%	4.02%	2.29%	-1.00%	-1.39%	4.35%	2.93%	-0.45%	-1.08%
Tax Burden Percent	63.74%	65.66%	71.41%	62.12%	87.46%	67.51%	73.08%	73.08%	97.87%	57.15%
Interest Burden Percent	57.21%	-232.76%	63.59%	52.63%	-47.50%	-138.82%	63.98%	55.49%	-16.13%	-168.54%
Effective Tax Rate	36.26%	0.00%	28.59%	37.88%	0.00%	0.00%	26.92%	26.92%	0.00%	0.00%
Return on Invested Capital (ROIC)	30.81%	10.85%	92.45%	64.58%	24.19%	12.74%	88.83%	85.14%	29.05%	14.16%
ROIC Less NNEP Spread (ROIC-NNEP)	29.46%	9.06%	90.33%	62.62%	21.69%	10.50%	86.48%	82.68%	26.77%	12.15%
Return on Net Nonoperating Assets (RNNOA)	-53.56%	-11.63%	-123.13%	-84.95%	-29.99%	-14.62%	-122.93%	-111.77%	-36.68%	-16.28%
Return on Equity (ROE)	-22.75%	-0.79%	-30.69%	-20.37%	-5.80%	-1.88%	-34.11%	-26.63%	-7.63%	-2.12%
Cash Return on Invested Capital (CROIC)	0.00%	57.45%	51.97%	40.94%	31.76%	38.99%	57.63%	106.77%	97.47%	121.16%
Operating Return on Assets (OROA)	14.61%	1.95%	20.41%	15.84%	5.19%	3.39%	21.28%	16.69%	6.42%	2.57%
Return on Assets (ROA)	5.33%	-2.97%	9.27%	5.18%	-2.16%	-3.18%	9.95%	6.77%	-1.01%	-2.48%
Return on Common Equity (ROCE)	-22.75%	-0.79%	-30.69%	-20.37%	-5.80%	-1.88%	-34.11%	-26.63%	-7.63%	-2.12%
Return on Equity Simple (ROE_SIMPLE)	-13.66%	0.00%	-17.54%	-10.53%	-5.66%	0.00%	-6.03%	-7.24%	-8.05%	0.00%
Net Operating Profit after Tax (NOPAT)	13	1.76	19	13	4.82	2.81	19	15	5.04	2.42
NOPAT Margin	4.24%	0.58%	6.33%	4.34%	1.75%	0.96%	6.83%	5.24%	1.91%	0.88%
Net Nonoperating Expense Percent (NNEP)	1.35%	1.79%	2.12%	1.95%	2.50%	2.24%	2.35%	2.46%	2.28%	2.00%
Return On Investment Capital (ROIC_SIMPLE)	-	1.78%	-	-	4.61%	2.80%	-	-	4.88%	2.48%
Cost of Revenue to Revenue	66.04%	68.07%	62.35%	64.49%	66.78%	65.54%	58.74%	61.26%	63.92%	66.38%
SG&A Expenses to Revenue	23.10%	25.84%	24.24%	24.07%	26.10%	27.47%	27.33%	27.00%	28.40%	26.79%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	27.31%	31.09%	28.78%	28.53%	30.73%	33.09%	31.91%	31.56%	33.35%	32.36%
Earnings before Interest and Taxes (EBIT)	20	2.52	26	20	6.62	4.34	26	21	7.56	3.10
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	40	23	46	40	26	25	46	40	27	23
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.38	0.30	0.28	0.24	0.19	0.45	0.49	0.71	0.34	0.67
Price to Earnings (P/E)	15.81	7.71	9.52	13.36	20.72	44.73	47.26	60.12	24.89	47.01
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	6.32%	12.97%	10.50%	7.48%	4.83%	2.24%	2.12%	1.66%	4.02%	2.13%
Enterprise Value to Invested Capital (EV/IC)	10.20	8.23	7.09	6.69	5.90	9.27	10.26	19.65	10.60	20.17
Enterprise Value to Revenue (EV/Rev)	0.61	0.54	0.53	0.49	0.45	0.71	0.73	0.92	0.56	0.89
Enterprise Value to EBITDA (EV/EBITDA)	4.13	3.87	3.98	3.90	3.89	5.98	6.09	7.66	4.57	7.25
Enterprise Value to EBIT (EV/EBIT)	6.99	6.90	7.56	8.39	9.39	14.28	14.55	18.24	10.82	17.11
Enterprise Value to NOPAT (EV/NOPAT)	19.56	9.83	10.91	12.57	14.44	22.20	22.05	25.17	14.80	22.66
Enterprise Value to Operating Cash Flow (EV/OCF)	16.17	13.13	12.01	14.16	15.78	19.11	14.07	13.18	8.40	12.65
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	17.55	14.96	17.70	19.63	24.20	16.52	14.07	8.69	11.83
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	-1.43	-1.43	-1.52	-1.51	-1.50	-1.47	-1.51	-1.57	-1.55	-1.51
Long-Term Debt to Equity	-1.35	-1.32	-1.39	-1.43	-1.40	-1.36	-1.43	-1.48	-1.46	-1.43
Financial Leverage	-1.82	-1.28	-1.36	-1.36	-1.38	-1.39	-1.42	-1.35	-1.37	-1.34
Leverage Ratio	-2.71	-2.26	-2.30	-2.35	-2.45	-2.27	-2.40	-2.47	-2.52	-2.40
Compound Leverage Factor	-1.55	5.27	-1.46	-1.24	1.16	3.15	-1.53	-1.37	0.41	4.04
Debt to Total Capital	333.90%	332.56%	292.43%	297.56%	300.04%	311.19%	294.71%	275.47%	283.23%	296.06%
Short-Term Debt to Total Capital	18.68%	24.77%	24.99%	15.36%	20.31%	23.36%	15.82%	14.99%	15.63%	16.56%
Long-Term Debt to Total Capital	315.22%	307.78%	267.44%	282.20%	279.73%	287.83%	278.88%	260.48%	267.61%	279.50%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	-233.90%	-232.56%	-192.43%	-197.56%	-200.04%	-211.19%	-194.71%	-175.47%	-183.23%	-196.06%
Debt to EBITDA	1.67	1.82	1.97	2.12	2.33	2.28	2.20	2.17	2.14	2.14
Net Debt to EBITDA	1.58	1.74	1.86	1.99	2.21	2.19	2.05	1.77	1.82	1.77
Long-Term Debt to EBITDA	1.58	1.68	1.80	2.01	2.18	2.11	2.08	2.05	2.02	2.02
Debt to NOPAT	7.93	4.63	5.39	6.82	8.67	8.47	7.96	7.12	6.93	6.68
Net Debt to NOPAT	7.47	4.43	5.09	6.41	8.23	8.14	7.41	5.82	5.88	5.55
Long-Term Debt to NOPAT	7.49	4.28	4.93	6.47	8.08	7.84	7.53	6.74	6.54	6.30
Altman Z-Score	1.84	1.69	1.85	1.74	1.48	1.74	1.96	2.17	1.66	1.89
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.83	0.81	0.85	0.87	0.86	0.77	0.83	0.88	0.89	0.86
Quick Ratio	0.06	0.05	0.07	0.08	0.06	0.05	0.09	0.22	0.18	0.18
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	217	-30	2.13	-0.76	-4.75	-0.24	32	48	35	42
Operating Cash Flow to CapEx	170.41%	-9.52%	198.29%	520.52%	36.11%	83.92%	394.18%	1,286.98%	-126.43%	677.41%
Free Cash Flow to Firm to Interest Expense	25.91	0.00	0.23	0.00	0.00	0.00	3.39	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	1.15	0.00	1.19	0.00	0.00	0.00	2.95	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.47	0.00	0.59	0.00	0.00	0.00	2.20	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	2.20	2.33	2.31	2.26	2.16	2.29	2.29	2.31	2.24	2.29
Accounts Receivable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Inventory Turnover	4.67	4.73	4.57	4.57	4.09	4.63	4.55	5.00	4.52	4.75
Fixed Asset Turnover	10.64	10.68	10.75	10.66	10.71	10.61	11.02	11.67	12.04	12.18
Accounts Payable Turnover	7.74	9.85	10.05	10.93	7.44	12.19	10.66	10.94	8.94	11.64
Days Sales Outstanding (DSO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Inventory Outstanding (DIO)	78.23	77.23	79.82	79.93	89.23	78.84	80.22	73.06	80.67	76.86
Days Payable Outstanding (DPO)	47.18	37.06	36.30	33.38	49.04	29.94	34.23	33.36	40.82	31.35
Cash Conversion Cycle (CCC)	31.06	40.17	43.52	46.55	40.19	48.90	45.99	39.70	39.85	45.51
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	79	85	94	86	89	88	81	53	59	49
Invested Capital Turnover	7.27	18.56	14.60	14.89	13.83	13.30	13.01	16.24	15.20	16.15
Increase / (Decrease) in Invested Capital	-205	31	16	13	9.57	3.05	-13	-33	-30	-40
Enterprise Value (EV)	807	700	665	576	523	817	833	1,048	625	979
Market Capitalization	498	385	355	283	225	517	553	806	377	740
Book Value per Share	($2.21)	($2.22)	($2.08)	($2.00)	($2.01)	($2.03)	($1.90)	($1.81)	($1.81)	($1.82)
Tangible Book Value per Share	($2.29)	($2.30)	($2.17)	($2.08)	($2.09)	($2.11)	($1.98)	($1.89)	($1.89)	($1.90)
Total Capital	98	99	112	105	105	100	102	108	103	97
Total Debt	327	329	329	313	314	312	301	297	293	289
Total Long-Term Debt	309	305	301	297	293	289	285	280	276	272
Net Debt	308	315	310	294	298	300	280	242	248	240
Capital Expenditures (CapEx)	5.64	6.28	5.66	3.93	5.64	11	7.01	3.17	2.44	1.78
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-52	-41	-28	-34	-31	-42	-45	-67	-57	-70
Debt-free Net Working Capital (DFNWC)	-33	-27	-9.66	-15	-15	-30	-24	-12	-12	-21
Net Working Capital (NWC)	-51	-51	-38	-32	-36	-53	-40	-28	-28	-37
Net Nonoperating Expense (NNE)	5.44	5.60	6.80	5.91	7.57	6.88	6.93	6.59	6.24	5.40
Net Nonoperating Obligations (NNO)	308	315	310	294	298	300	280	242	248	240
Total Depreciation and Amortization (D&A)	20	20	20	20	20	21	20	19	19	20
Debt-free, Cash-free Net Working Capital to Revenue	-3.92%	-3.15%	-2.26%	-2.90%	-2.66%	-3.62%	-3.93%	-5.88%	-5.05%	-6.32%
Debt-free Net Working Capital to Revenue	-2.49%	-2.07%	-0.77%	-1.31%	-1.28%	-2.57%	-2.10%	-1.08%	-1.09%	-1.89%
Net Working Capital to Revenue	-3.88%	-3.98%	-3.02%	-2.67%	-3.12%	-4.60%	-3.52%	-2.51%	-2.53%	-3.35%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.07	($0.04)	$0.11	$0.06	($0.03)	($0.03)	$0.12	$0.08	($0.01)	($0.03)
Adjusted Weighted Average Basic Shares Outstanding	103.62M	104.34M	103.80M	103.93M	104.08M	103.99M	104.27M	104.50M	104.70M	104.56M
Adjusted Diluted Earnings per Share	$0.07	($0.04)	$0.11	$0.06	($0.03)	($0.03)	$0.12	$0.08	($0.01)	($0.04)
Adjusted Weighted Average Diluted Shares Outstanding	103.81M	104.49M	104.03M	104.17M	104.08M	104.40M	105.25M	106.07M	104.70M	105.68M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	103.66M	103.80M	103.87M	104.07M	104.10M	104.33M	104.35M	104.68M	104.76M	104.93M
Normalized Net Operating Profit after Tax (NOPAT)	13	1.76	19	13	4.82	2.81	19	15	5.04	2.42
Normalized NOPAT Margin	4.24%	0.58%	6.33%	4.34%	1.75%	0.96%	6.83%	5.24%	1.91%	0.88%
Pre Tax Income Margin	3.80%	-1.94%	5.63%	3.69%	-1.14%	-2.05%	5.95%	4.00%	-0.46%	-1.90%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	2.38	0.00	2.75	0.00	0.00	0.00	2.78	0.00	0.00	0.00
NOPAT to Interest Expense	1.52	0.00	1.97	0.00	0.00	0.00	2.04	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	1.71	0.00	2.15	0.00	0.00	0.00	2.03	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.84	0.00	1.37	0.00	0.00	0.00	1.29	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	175.89%	63.14%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials Breakdown Chart

Key Financial Trends

Below are the key trends for Torrid Holdings Inc. (NYSE: CURV) based on the quarterly statements provided for 2022–2024 and focused on the most recent four years of data. The items are organized with the strongest positive signals first, followed by neutral observations, then the most negative trends.

Operating cash flow from continuing operations was positive in multiple recent quarters, notably +$40.8 million in Q2 2024 and +$12.0 million in Q4 2024, signaling cash-generation ability despite headwinds.
Net income from continuing operations was positive in early 2024, with +$12.2 million in Q1 2024 and +$8.3 million in Q2 2024, indicating a short-term improvement in bottom-line profitability.
Basic and diluted earnings per share were positive in Q1 2024 and Q2 2024 (Q1: basic 0.12, diluted 0.12; Q2: basic 0.08, diluted 0.08), reflecting a favorable per-share outcome in those quarters.
Net change in cash and equivalents was positive in Q4 2024 (approximately +$4.57 million), contributing to an overall liquidity uptick for that quarter.
Revenue remained in a relatively stable, mid-to-upper $200s to low $300s million range across the period, with quarterly fluctuations rather than a clear upward or downward trend.
Shares outstanding (weighted-average basic/diluted) hovered around the low-to-mid 100 millions range, indicating a relatively stable share count across reported periods.
Total operating expenses typically ran in the high $80 millions per quarter, suggesting a consistent cost base even as topline moved modestly.
Gross margin declined over 2024, falling from roughly 41% in early 2024 to about 33–36% by Q4 2024, signaling margin compression that could pressure profitability going forward.
Net income deteriorated in the latter part of 2024, with losses of about -$1.28 million in Q3 2024 and -$3.31 million in Q4 2024, highlighting a renewed earnings challenge despite earlier quarterly positives.
The balance sheet shows liabilities that appear to outpace assets in the latest periods, resulting in sizable negative equity and highlighting elevated leverage and solvency risk.

05/05/26 06:09 PM ETAI Generated. May Contain Errors.

Frequently Asked Questions About Torrid's Financials

When does Torrid's fiscal year end?

According to the most recent income statement we have on file, Torrid's financial year ends in February. Their financial year 2025 ended on February 1, 2025.

How has Torrid's net income changed over the last 2 years?

Torrid's net income appears to be on a downward trend, with a most recent value of $16.32 million in 2024, falling from $50.21 million in 2022. The previous period was $11.62 million in 2023. View Torrid's forecast to see where analysts expect Torrid to go next.

What is Torrid's operating income?

Torrid's total operating income in 2024 was $57.21 million, based on the following breakdown:

Total Gross Profit: $413.47 million
Total Operating Expenses: $356.26 million

How has Torrid's revenue changed over the last 2 years?

Over the last 2 years, Torrid's total revenue changed from $1.29 billion in 2022 to $1.10 billion in 2024, a change of -14.3%.

How much debt does Torrid have?

Torrid's total liabilities were at $679.53 million at the end of 2024, a 1.3% decrease from 2023, and a 10.3% decrease since 2022.

How much cash does Torrid have?

In the past 2 years, Torrid's cash and equivalents has ranged from $11.74 million in 2023 to $48.52 million in 2024, and is currently $48.52 million as of their latest financial filing in 2024.

How has Torrid's book value per share changed over the last 2 years?

Over the last 2 years, Torrid's book value per share changed from -2.22 in 2022 to -1.82 in 2024, a change of -17.9%.

Related Companies

Financial statements for NYSE:CURV last updated on 4/6/2025 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Torrid (CURV) Financials

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