Reformation Inc. (California) (REF) Stock Score, Valuation & Financial Research

Reformation Inc. (California) is in the Consumer Cyclical sector and Apparel - Footwear & Accessories industry. It is reviewed using Wall Street Score's company-strength, valuation, growth and financial-health framework. A complete Wall Street Score is not currently available.

Quick answer for REF

Reformation Inc. (California) does not currently have a complete Wall Street Score. The stored market price is USD 13.56. These figures are a research snapshot, not a buy or sell recommendation.

What Reformation Inc. (California) does

Reformation, Inc. operates as a clothing brand company. It is engaged in sustainable womenswear. Its products include dresses, jeans, tops, sweaters, shoes, and accessories. The company was founded in 2009 and is headquartered in New York, NY.

Company business and revenue

Research reporting period: 2025-12-27. A research update is not a new financial filing.

How the company makes money

Reformation Inc. operates as a vertically integrated retailer of sustainable women's apparel and accessories. The company generates revenue primarily through direct-to-consumer sales via its e-commerce website and a network of company-owned retail stores, supplemented by wholesale distribution channels.

Products and services

  • The company designs and sells women's clothing including dresses, tops, skirts, pants, jeans, sweaters, sleepwear, and loungewear, as well as accessories such as shoes, handbags, and sunglasses.

Brands and product families

  • Reformation — The primary brand under which the company designs and sells sustainable women's clothing and accessories. Source

Customer types

Direct-to-consumer retail customers; Wholesale partners.

Suppliers, materials and equipment

  • Contract Manufacturers — The company utilizes various third-party contract manufacturers to produce its apparel and accessories, though specific names are not publicly disclosed. Source

Business strengths to evaluate

  • Strong brand positioning as a leader in sustainable womenswear Source

Business risks and research considerations

  • Operational risks associated with supply chain and contract manufacturing dependencies Source

Sources: Company research source · Reformation

Company research refreshed 2026-10-12. This is saved research, not a live check of company relationships. Check the reporting period and source disclosures. Financial figures and scores follow their separate update schedules.

REF financial snapshot

Statement amounts: USD. Quote amounts: USD. No exchange-rate conversion is performed in this snapshot. Market-capitalization currency is not supplied by this projection.

Wall Street Score:
Not currently available
Stored price:
USD 13.56
Market capitalization:
801.12M (currency not supplied)
Revenue:
USD 478.7M
Net income:
USD 1.62M
Free cash flow:
USD -17.87M
Cash:
USD 76.63M
Total debt:
USD 435.31M
EPS:
USD 0.03
P/E ratio:
393.0x

What stands out

  • Reported year-over-year revenue growth is -5.6%.
  • Free cash flow is USD -17.87M, negative for the stored period.
  • The balance sheet shows USD 76.63M of cash versus USD 435.31M of total debt, with debt exceeding cash on these two reported measures.
  • The current research record carries a partial financial data warning, which should be reviewed alongside the score.

Company-specific financial comparisons

The following are calculated from saved company data, not forecasts or statements about future performance. Differences in reporting dates or units can make a ratio misleading; verify the original filings.

  • Free cash flow is -3.7% of stored revenue. This is a simple cross-field ratio, not a verified same-period cash conversion margin; confirm reporting periods before comparison.
  • Net income equals 0.3% of stored revenue. This is an indicative ratio only; accounting periods and units should be verified in filings.
  • Debt exceeds cash by USD 358.69M using the stored balance-sheet values. This does not include other obligations or restricted cash.

Questions worth answering for REF

Use these questions to check the stored figures against the latest company filings. They identify issues to investigate; they are not findings about management's plans or future results.

  • What is driving REF's revenue decline, and does the latest filing suggest the weakness is temporary or structural?
  • How long can REF fund negative free cash flow using its current cash position before it may need more debt or new shares?
  • Is REF's debt load manageable relative to cash generation, interest costs and upcoming maturities?
  • What does the current partial financial data warning mean for the reliability or interpretation of REF's score?

What the numbers mean

A complete valuation score is not currently available, so valuation should be checked using the available earnings, cash-flow and price data.

A complete financial score is not currently available, so investors should review cash, debt, earnings and cash flow directly.

A strong company and an attractive stock price are not always the same thing. Revenue, earnings, free cash flow, debt, management quality, competitive advantage and valuation should be considered together. Wall Street Score organizes these inputs into a consistent research framework so investors can identify what deserves deeper review.

Data freshness: Financial data last refreshed 2026-10-15.

Research-input completeness: 82% of the scoring inputs required for this public page are currently available.

How to research REF

Start by understanding how the company makes money. Then compare revenue and earnings trends, cash generation, debt, liquidity and valuation. Review the company's latest filings and earnings reports before acting on any score or model estimate.

Learn how to analyze a stock · Read the Wall Street Score methodology · Browse other stocks

Data may change as company filings and market prices update. Educational research only; not a buy or sell recommendation.