Torrid Holdings Inc. (CURV) Balance Sheet
CURV balance sheet, FY2026
January 31, 2026 · U.S. dollars$400.3M assets = $613.7M liabilities + −$213.4M equity
Liabilities exceed assets: shareholders’ equity is negative (−$213.4M).
Both columns are drawn to the same scale: what CURV owns equals what it owes plus shareholders’ equity. Hover a block for its value.
CURV financial health
Descriptive bands, not a rating. Fiscal FY2026.
CURV balance sheet trends, FY2018–FY2026
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $326.6MFY2018 | $400.3MFY2026 | +2.6%/yr | |
| Total liabilities | $188.7MFY2018 | $613.7MFY2026 | +15.9%/yr | |
| Shareholders’ equity | $137.8MFY2018 | −$213.4MFY2026 | — | |
| Cash & short-term investments | $7.5MFY2018 | $20.0MFY2026 | +13.0%/yr | |
| Total debt | $27.6MFY2018 | $438.2MFY2026 | +41.3%/yr | |
| Net cash (debt) | −$20.1MFY2018 | −$418.2MFY2026 | −$398.1M | |
| Working capital | $35.6MFY2018 | −$55.5MFY2026 | −$91.1M | |
| Book value per share | $1.25FY2018 | −$2.10FY2026 | — | |
| Current ratio | 1.30FY2018 | 0.78FY2026 | −0.52 | |
| Debt / equity | 0.20FY2018 | 0.12FY2019 | −0.08 | |
| Shares outstanding | 110.0MFY2018 | 101.4MFY2026 | −1.0%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
CURV assets
CURV liabilities and equity
CURV debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
CURV balance sheet
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Cash & short-term investments | $20.0M | $48.5M | $11.7M | $13.6M | $29.0M | $123.0M | $28.8M | $9.2M | $7.5M |
| Cash & equivalents | $20.0M | $48.5M | $11.7M | $13.6M | $29.0M | $123.0M | $28.8M | $9.2M | $7.5M |
| Receivables | $2.9M | $2.8M | $1 | $2.4M | $15.3M | $5.1M | $8.9M | $5.1M | $6.2M |
| Inventory | $136.5M | $148.5M | $142.2M | $180.1M | $170.6M | $105.8M | $119.7M | $106.2M | $125.5M |
| Other current assets | $34.0M | $26.3M | $25.2M | $20.1M | $5.9M | $8.2M | $6.6M | $15.6M | $16.3M |
| Total current assets | $193.5M | $226.2M | $179.1M | $216.1M | $220.9M | $242.1M | $164.0M | $136.1M | $155.6M |
| Property, plant & equipment (net) | $159.8M | $218.3M | $266.0M | $290.8M | $337.2M | $388.0M | $456.9M | $169.0M | $159.5M |
| Goodwill & intangible assets | $8.4M | $8.4M | $8.4M | $8.4M | $8.4M | $8.4M | $8.4M | $8.9M | $9.0M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $38.6M | $35.6M | $23.5M | $12.0M | $12.0M | $9.7M | $6.7M | $3.3M | $2.5M |
| Total assets | $400.3M | $488.4M | $476.9M | $527.3M | $578.5M | $648.2M | $636.0M | $317.3M | $326.6M |
| Liabilities | |||||||||
| Accounts payable | $56.8M | $72.4M | $46.2M | $76.2M | $77.4M | $70.9M | $35.9M | $29.7M | $25.7M |
| Short-term debt | $81.1M | $59.5M | $66.2M | $69.5M | $66.2M | $62.5M | $47.4M | $15.5M | $12.3M |
| Deferred revenue | $2.5M | $2.8M | $1.9M | $1.5M | $2.9M | $1.5M | $2.4M | — | — |
| Total current liabilities | $248.9M | $263.1M | $232.1M | $267.3M | $297.0M | $261.1M | $186.6M | $130.7M | $120.0M |
| Long-term debt | $256.3M | $272.4M | $288.6M | $304.7M | $320.8M | $193.4M | $240.4M | $0 | $0 |
| Lease obligations | $134.8M | $178.1M | $199.3M | $217.1M | $257.8M | $298.9M | $336.0M | — | — |
| Other long-term liabilities | $108.5M | $144.0M | $168.0M | $185.5M | $219.0M | $256.9M | $304.5M | $0 | $68.8M |
| Total liabilities | $613.7M | $679.5M | $688.7M | $757.5M | $836.8M | $711.4M | $731.5M | $130.7M | $188.7M |
| Shareholders' equity | |||||||||
| Common stock & paid-in capital | $1.1M | $1.0M | $1.0M | $1.0M | $1.1M | $1.1M | — | — | — |
| Retained earnings (deficit) | −$338.3M | −$331.3M | −$347.6M | −$359.2M | −$377.8M | −$74.6M | −$98.0M | −$139.9M | −$227.6M |
| Accumulated other comprehensive income | −$606,000 | −$898,000 | −$313,000 | −$261,000 | $76,000 | −$8,000 | −$10,000 | $18,999 | $153,000 |
| Total shareholders' equity | −$213.4M | −$191.1M | −$211.7M | −$230.2M | −$258.3M | −$63.2M | −$95.5M | $126.4M | $137.8M |
| Key figures | |||||||||
| Total debt | $438.2M | $466.6M | $511.3M | $547.4M | $595.2M | $503.8M | $585.5M | $15.5M | $27.6M |
| Net cash (debt) | −$418.2M | −$418.1M | −$499.5M | −$533.9M | −$566.2M | −$380.8M | −$556.7M | −$6.3M | −$20.1M |
| Working capital | −$55.5M | −$37.0M | −$53.0M | −$51.2M | −$76.1M | −$19.0M | −$22.6M | $5.4M | $35.6M |
| Tangible book value | −$221.8M | −$199.5M | −$220.1M | −$238.6M | −$266.7M | −$71.6M | −$103.9M | $117.5M | $128.8M |
| Book value per share | −$2.10 | −$1.81 | −$2.03 | −$2.20 | −$2.35 | −$0.57 | −$0.87 | $1.15 | $1.25 |
| Shares outstanding | 101.4M | 105.7M | 104.4M | 104.5M | 109.9M | 110.0M | 110.0M | 110.0M | 110.0M |
| Current ratio | 0.78 | 0.86 | 0.77 | 0.81 | 0.74 | 0.93 | 0.88 | 1.04 | 1.30 |
| Quick ratio | 0.09 | 0.20 | 0.05 | 0.06 | 0.15 | 0.49 | 0.20 | 0.11 | 0.11 |
| Debt / equity | — | — | — | — | — | — | — | 0.12 | 0.20 |
| Equity / assets | −53.3% | −39.1% | −44.4% | −43.7% | −44.7% | −9.7% | −15.0% | 39.8% | 42.2% |
| Jul '26 | Apr '26 | Jan '26 | Oct '25 | Jul '25 | Apr '25 | Jan '25 | Oct '24 | Jul '24 | Apr '24 | Jan '24 | Oct '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $22.0M | $22.8M | $20.0M | $17.2M | $21.5M | $23.7M | $48.5M | $44.0M | $53.9M | $20.9M | $12.1M | $15.6M |
| Cash & equivalents | $22.0M | $22.8M | $20.0M | $17.2M | $21.5M | $23.7M | $48.5M | $44.0M | $53.9M | $20.9M | $12.1M | $15.6M |
| Receivables | $0 | $0 | $2.9M | $0 | $0 | $0 | $2.8M | $2.6M | $3.0M | $2.2M | $2.8M | $2.3M |
| Inventory | $125.6M | $142.6M | $136.5M | $128.8M | $130.2M | $149.6M | $148.5M | $138.3M | $128.4M | $144.8M | $142.2M | $171.0M |
| Other current assets | $38.9M | $39.0M | $34.0M | $42.6M | $37.3M | $29.1M | $26.3M | $37.8M | $31.9M | $26.4M | $22.0M | $27.3M |
| Total current assets | $186.5M | $204.4M | $193.5M | $188.7M | $189.1M | $202.4M | $226.2M | $222.6M | $217.2M | $194.3M | $179.1M | $216.3M |
| Property, plant & equipment (net) | $140.1M | $152.0M | $159.8M | $171.6M | $182.8M | $204.2M | $218.3M | $235.3M | $236.3M | $252.4M | $266.0M | $266.5M |
| Goodwill & intangible assets | $8.4M | $8.4M | $8.4M | $8.4M | $8.4M | $8.4M | $8.4M | $8.4M | $8.4M | $8.4M | $8.4M | $8.4M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $36.5M | $37.7M | $38.6M | $34.3M | $34.2M | $36.4M | $35.6M | $26.7M | $25.6M | $24.6M | $23.5M | $18.3M |
| Total assets | $371.4M | $402.5M | $400.3M | $402.9M | $414.5M | $451.4M | $488.4M | $493.0M | $487.5M | $479.7M | $476.9M | $509.5M |
| Liabilities | ||||||||||||
| Accounts payable | $57.7M | $78.2M | $56.8M | $66.0M | $53.2M | $62.1M | $72.4M | $77.5M | $68.4M | $58.9M | $46.2M | $79.0M |
| Short-term debt | $82.5M | $78.6M | $81.1M | $63.7M | $57.5M | $54.8M | $59.5M | $55.7M | $58.0M | $56.0M | $66.2M | $67.9M |
| Deferred revenue | — | — | $2.5M | $3.1M | $3.6M | $3.7M | $2.8M | $2.5M | $3.0M | $2.4M | $1.9M | $2.2M |
| Total current liabilities | $234.9M | $260.4M | $248.9M | $232.8M | $228.2M | $232.0M | $263.1M | $251.0M | $245.6M | $234.3M | $232.1M | $252.4M |
| Long-term debt | $248.2M | $252.2M | $256.3M | $260.3M | $264.3M | $268.4M | $272.4M | $276.4M | $280.5M | $284.5M | $288.6M | $292.6M |
| Lease obligations | $113.5M | $123.9M | $134.8M | $139.9M | $147.2M | $164.1M | $178.1M | $184.7M | $180.9M | $187.6M | $199.3M | $203.5M |
| Other long-term liabilities | $94.2M | $101.8M | $108.5M | $116.4M | $123.1M | $134.8M | $144.0M | $154.8M | $150.3M | $159.5M | $168.0M | $173.7M |
| Total liabilities | $577.3M | $614.4M | $613.7M | $609.5M | $615.6M | $635.2M | $679.5M | $682.3M | $676.4M | $678.3M | $688.7M | $718.7M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $1.1M | $1.1M | $1.1M | $1.1M | $1.1M | $1.1M | $1.0M | $1.0M | $1.0M | $1.0M | $1.0M | $1.0M |
| Retained earnings (deficit) | −$332.7M | −$337.9M | −$338.3M | −$330.2M | −$323.8M | −$325.3M | −$331.3M | −$328.3M | −$327.1M | −$335.4M | −$347.6M | −$343.5M |
| Accumulated other comprehensive income | −$798,000 | −$591,000 | −$606,000 | −$668,000 | −$507,000 | −$523,000 | −$898,000 | −$586,000 | −$500,000 | −$402,000 | −$313,000 | −$475,000 |
| Total shareholders' equity | −$205.8M | −$211.9M | −$213.4M | −$206.5M | −$201.1M | −$183.8M | −$191.1M | −$189.3M | −$188.9M | −$198.6M | −$211.7M | −$209.2M |
| Key figures | ||||||||||||
| Total debt | $417.5M | $425.2M | $438.2M | $538.4M | $435.6M | $448.6M | $466.6M | $477.3M | $477.5M | $488.2M | $511.3M | $521.0M |
| Net cash (debt) | −$395.5M | −$402.3M | −$418.2M | −$521.2M | −$414.0M | −$424.9M | −$418.1M | −$433.4M | −$423.6M | −$467.4M | −$499.1M | −$505.4M |
| Working capital | −$48.3M | −$55.9M | −$55.5M | −$44.1M | −$39.1M | −$29.6M | −$37.0M | −$28.4M | −$28.4M | −$40.0M | −$53.0M | −$36.1M |
| Tangible book value | −$214.2M | −$220.3M | −$221.8M | −$214.9M | −$209.5M | −$192.2M | −$199.5M | −$197.7M | −$197.3M | −$207.0M | −$220.1M | −$217.6M |
| Book value per share | −$2.05 | −$2.13 | −$2.15 | −$2.08 | −$1.96 | −$1.73 | −$1.83 | −$1.81 | −$1.78 | −$1.89 | −$2.03 | −$2.01 |
| Shares outstanding | 100.2M | 99.5M | 99.2M | 99.2M | 102.7M | 106.0M | 104.1M | 104.7M | 106.1M | 105.2M | 104.1M | 104.1M |
| Current ratio | 0.79 | 0.79 | 0.78 | 0.81 | 0.83 | 0.87 | 0.86 | 0.89 | 0.88 | 0.83 | 0.77 | 0.86 |
| Quick ratio | 0.09 | 0.09 | 0.09 | 0.07 | 0.09 | 0.10 | 0.20 | 0.19 | 0.23 | 0.10 | 0.06 | 0.07 |
| Equity / assets | −55.4% | −52.6% | −53.3% | −51.3% | −48.5% | −40.7% | −39.1% | −38.4% | −38.8% | −41.4% | −44.4% | −41.1% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed March 31, 2026); data from EODHD.
CURV financial position
At the end of fiscal 2026 (January 31, 2026), Torrid had total assets of $400.3 million (down 18.0% from a year earlier), total liabilities of $613.7 million and shareholders' equity of -$213.4 million. It held $20.0 million in cash and short-term investments against $438.2 million of debt, net debt of $418.2 million. Its current ratio was 0.78. In the latest quarter (ended July 31, 2026) total assets were $371.4 million and equity -$205.8 million.
Related: CURV income statement, CURV cash flow statement, CURV key metrics. See the CURV stock overview for the latest quote and news.
CURV balance sheet FAQ
What are Torrid's total assets?
Torrid reported total assets of $400.3 million at the end of fiscal 2026 (January 31, 2026), compared with $488.4 million a year earlier.
How much debt does Torrid have?
Torrid had $438.2 million of total debt at the end of fiscal 2026, including short-term borrowings and lease obligations. Its debt-to-equity ratio was —.
How much cash does Torrid have?
Torrid held $20.0 million in cash and short-term investments at the end of fiscal 2026; with $438.2 million of debt that is net debt of $418.2 million.
What is Torrid's book value?
Torrid's shareholders' equity (book value) was -$213.4 million at the end of fiscal 2026, or −$2.10 per share.
What is Torrid's current ratio?
Torrid had current assets of $193.5 million and current liabilities of $248.9 million, a current ratio of 0.78 (current liabilities exceed current assets).
How much goodwill does Torrid have?
Torrid carried $8.4 million of goodwill and intangible assets, 2.1% of total assets, at the end of fiscal 2026.