Torrid Holdings Inc. (CURV) AI Stock Analysis

Torrid Holdings Inc. specializes in the women's plus-size apparel and intimates market across North America. Operating under its flagship Torrid and Torrid Curve brand names, the company designs, develops, and merchandises tops, bottoms, dresses, denims, activewear, intimates, sleepwear, swimwear, outerwear, accessories, footwear, and beauty products. Founded in 2019 and headquartered in City of Industry, California, Torrid serves customers through an omnichannel direct-to-consumer model encompassing e-commerce and retail stores. As of January 29, 2022, the company maintained a footprint of 624 stores across 50 U.S. states, Puerto Rico, and Canada.

Torrid's revenue grew 31.4% to $1.28B in FY2022 and 0.7% to $1.29B in FY2023, before falling 10.6% to $1.15B in FY2024, 4.2% to $1.10B in FY2025, and 9.4% to $1.00B in FY2026. Gross margin decreased from 40.6% in FY2022 to 34.8% in FY2026, while operating margin fell from 7.9% in FY2023 to 2.1% in FY2026. Net income declined from $50.2M in FY2023 to -$7.0M in FY2026. Over the five years from FY2021 to FY2026, revenue CAGR was 0.5%. In the latest quarter ended July 31, 2026, revenue fell 11.8% year-over-year, while quarterly earnings grew 227.0%.

As of July 31, 2026, Torrid held $22.0M in cash and short-term investments against $417.5M in total debt, resulting in net debt of $395.5M. Total assets stood at $371.4M against shareholders' equity of -$205.8M, alongside a current ratio of 0.79. Cash flow weakened in FY2026, with operating cash flow falling to -$13.0M and free cash flow to -$21.9M. In FY2026, the company spent $8.9M on capital expenditures and $20.1M on share buybacks, with its share count declining 9.0% over five years.

Torrid trades at a forward P/E of 1.9x, compared to the median of 14.1x for its US-listed Consumer Cyclical peers. The company's enterprise value of $632.8M reflects an EV-to-EBITDA multiple of 8.3x, lower than the peer group median of 11.1x, and a price-to-sales ratio of 0.2x versus the peer median of 0.7x. Over the past year, the stock returned 61.0%, outperforming the S&P 500 (SPY) return of 16.8%. Over a five-year span, however, the stock has returned -82.8%, trailing the S&P 500 return of 83.0%.

Torrid is covered by 7 analysts, with recommendations showing 1 Strong Buy, 5 Holds, and 1 Strong Sell. The mean price target is $2.17, which is 7.7% below the last close of $2.35 on October 16, 2026. For the fiscal year ending January 31, 2027, consensus estimates project EPS of $0.08 on revenue of $950.8M. For the following fiscal year, analysts forecast EPS of $0.06 on revenue of $966.3M. Torrid beat EPS estimates in 2 of the last 4 quarters, and its next earnings date is December 2, 2026.

This page is an AI-written research summary of Torrid Holdings Inc. (CURV). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

Related: CURV income statement, CURV balance sheet, CURV key metrics, CURV analyst forecast, CURV chart. See the CURV stock overview for the latest quote and news.