Torrid Holdings Inc.
CURV Consumer Cyclical Apparel Retail
Torrid Holdings Inc.’s revenue for fiscal 2026 (year ended January 2026) was $1.0 billion, down 9.39% from fiscal 2025. In the quarter to July 2026, revenue fell 11.8%, EPS grew 226.8%, free cash flow fell 120.8% and total debt rose 5.43%, each against the same quarter a year earlier.
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Torrid Holdings Inc. (CURV) Piotroski F-score
Torrid Holdings Inc.'s Piotroski F-score for fiscal 2026 is 1 out of 9: 1 of nine tests of profitability, leverage and efficiency passed, down from 7 in fiscal 2025.
Piotroski F-score, annual
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Annual newest first
| Period | Piotroski F-score | Change (points) |
|---|---|---|
| FY2026 | 1 | (6.00) |
| FY2025 | 7 | 3.00 |
| FY2024 | 4 | (3.00) |
| FY2023 | 7 | — |
How fiscal 2026’s score is made up
| Test | This year | Year before | Result | Points |
|---|---|---|---|---|
| Positive return on assets | (1.58%) | 3.38% | Fail | 0 |
| Positive operating cash flow | (13.01m) | 77.39m | Fail | 0 |
| Rising return on assets | (1.58%) | 3.38% | Fail | 0 |
| Cash flow above net income | (5.98m) | 61.07m | Fail | 0 |
| Falling long-term leverage | 0.58 | 0.56 | Fail | 0 |
| Rising current ratio | 0.78 | 0.86 | Fail | 0 |
| No new shares issued | 101,442,000 | 104,564,000 | Pass | 1 |
| Rising gross margin | 34.79% | 37.46% | Fail | 0 |
| Rising asset turnover | 2.25 | 2.29 | Fail | 0 |
| Piotroski F-score | Weak — most fundamentals deteriorated | 1 | ||
How the Piotroski F-score works
One point for each of nine tests, this fiscal year against the one before: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, a rising current ratio, no new shares issued, a rising gross margin and rising asset turnover. The ratios are the ones on this site, so each can be checked.
Joseph Piotroski (2000) called 8–9 high and 0–1 low; reading it in three bands is the common convention:
| 7–9 | Strong — most fundamentals improved |
|---|---|
| 4–6 | Mixed |
| 0–3 | Weak — most fundamentals deteriorated |
Where this differs from the paper: return on assets is on average rather than beginning-of-year assets, and weighted basic shares stand in for shares issued. The score is shown only when all nine tests can be worked out, which takes three fiscal years; banks and insurers, which report no current assets or gross profit, have none.
Piotroski F-score against peers
| Company | Piotroski F-score |
|---|---|
| ZUMZ Zumiez Inc. compare | 8 |
| LE Lands' End, Inc. compare | 7 |
| GCO Genesco Inc. compare | 7 |
| TLYS Tilly's, Inc. compare | 6 |
| SFIX Stitch Fix, Inc. compare | 5 |
| SHOE Shoe Station Group Inc. compare | 5 |
| DLTH Duluth Holdings Inc. compare | 5 |
| JILL J.Jill, Inc. compare | 4 |
| CURV Torrid Holdings Inc. | 1 |
What Piotroski F-score is
The Piotroski F-Score tells an investor how many signs of improving profitability, funding and efficiency a company shows against a year earlier.
One point for each of nine tests against a year earlier: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, rising current ratio, no new shares issued, rising gross margin, and rising asset turnover