Reformation Inc. filed a Form 10-Q with the U.S. Securities and Exchange Commission for the quarterly period ended September 26, 2026, disclosing unaudited condensed consolidated financial statements and related management discussion.

Key Highlights

  • Shares outstanding: As of October 20, 2026, Reformation Inc. had 59,079,320 shares of common stock, $0.0001 par value per share, outstanding.
  • Cash and cash equivalents: The filing reported cash and cash equivalents of $97,748 thousand as of September 26, 2026, compared with $65,473 thousand at December 27, 2025.
  • Total assets: Total assets were reported at $1,028,305 thousand as of September 26, 2026, up from $937,867 thousand at December 27, 2025.
  • Inventories: Inventories stood at $83,841 thousand as of September 26, 2026, compared with $60,640 thousand at December 27, 2025.
  • Goodwill and trade name: The balance sheet carried goodwill of $209,421 thousand and a trade name of $309,100 thousand, unchanged from December 27, 2025.
  • Emerging growth company: The registrant indicated it qualifies as an emerging growth company under Rule 12b-2 of the Exchange Act.

Reformation Inc. Balance Sheet and Business Details for the September 2026 Quarter

Reformation Inc. (NYSE:REF), a Delaware-incorporated apparel company headquartered at 5801 S. 2nd St., Vernon, CA 90058, filed its quarterly report covering the 13 and 39 weeks ended September 26, 2026. The company operates across e-commerce and retail channels, and the filing identifies its ability to grow those channels and expand into new markets as a key area of focus, as well as its reliance on suppliers for materials and production.

According to the filing, total current assets reached $227,125 thousand as of September 26, 2026, compared with $160,913 thousand at December 27, 2025. Within current liabilities, accounts payable were reported at $17,001 thousand, up from $7,656 thousand at the prior fiscal year-end. Accrued expenses and other current liabilities were $83,746 thousand, compared with $66,828 thousand at December 27, 2025. Current lease liabilities stood at $19,065 thousand, and the current portion of long-term debt was $3,213 thousand, down from $8,250 thousand at December 27, 2025.

The filing also identified a new line item, an IEEPA tariff receivable of $310 thousand, which was not present on the December 27, 2025 balance sheet. Right-of-use assets were $185,687 thousand as of September 26, 2026, compared with $167,695 thousand at the prior period end. The company noted in its forward-looking statements section, which it identified as subject to known and unknown risks, that tariffs imposed by the U.S. government and global trade conditions represent a risk factor for the business.

What Was Disclosed

Reformation Inc. disclosed its unaudited condensed consolidated balance sheets as of September 26, 2026 and December 27, 2025, statements of operations, stockholders' equity, and cash flows for the 13 and 39 weeks ended September 26, 2026 and September 27, 2025, along with management discussion and risk factors.