Torrid Holdings (CURV) AI Stock Analysis

• Market Cap: $535.61M
• Dividend Yield: N/A
• Average Volume (3M): 232.20K
• Price to Earnings (P/E): 54.0
• Beta (1Y): 1.06
• Revenue Growth: -4.21%
• EPS Growth: -16.35%
• Country: US
• Employees: 1,810
• Sector: Consumer Cyclical
• Sector Strength: 58
• Industry: Apparel - Retail
• EPS (TTM): 0.06
• Shares Outstanding: 105,020,620
• 10 Day Avg. Volume: 277,142
• 30 Day Avg. Volume: 232,204
• PEG Ratio: -0.03
• Price to Book (P/B): -1.68
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 12.93
• Enterprise Value/Market Cap: 1.72
• Enterprise Value/Revenue: 0.20
• Enterprise Value/Gross Profit: 2.23
• Enterprise Value/Ebitda: 1.79
• 1Y Price Target: $5.25
• Price Target Upside: 2.94% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 6

• Rating: 45 Neutral
• Price Target: $5.00 ▼(-1.96%Downside)

Torrid Holdings faces significant financial challenges with high leverage and declining revenues. The technical analysis indicates bearish momentum, and the high P/E ratio suggests overvaluation. Positive digital growth and strategic initiatives provide some optimism, but substantial risks remain.

Positive Factors

Business Enhancements

Efforts to reset and enhance the business are showing signs of bearing fruit, including success in reducing promo reliance, an improved supply chain, and assortment enhancements resonating with a broader audience.

Market Position

Torrid is the dominant player in the large and growing plus-size apparel market, with further share consolidation opportunity as competitors retreat.

Sub-Brand Launches

Improvements in product relevancy are demonstrated by the outperformance of recent sub-brand launches.

Negative Factors

Growth Challenges

Growth has sputtered in recent years with three consecutive years of negative growth and margins sit below historical levels.

Macroeconomic Pressures

Tariffs and macro headwinds create uncertainty, as they are leading to strategic price increases against a backdrop of a selective and promotion-seeking consumer.

Store Closures

Torrid faces potential macro and execution risks, as the company accelerates store closures and deals with a selective consumer as it navigates higher tariffs.

Torrid Holdings Business Overview & Revenue Model

Company Description

Torrid Holdings Inc. (CURV) is a retail company that specializes in women's plus-size fashion. Operating primarily in North America, Torrid offers a wide range of apparel, intimates, accessories, and footwear. The company caters to a niche market, focusing on providing trendy, stylish, and comfortable clothing options for women who wear sizes 10 to 30. With a strong emphasis on inclusivity and body positivity, Torrid has established itself as a leader in the plus-size fashion industry through its direct-to-consumer model, which includes both brick-and-mortar stores and a robust online presence.

How the Company Makes Money

Torrid Holdings generates revenue primarily through the sale of its plus-size fashion products. The company's revenue streams are driven by its network of retail stores and e-commerce platform, which together offer an integrated shopping experience for customers. Torrid's physical stores serve as both sales channels and brand touchpoints, enhancing customer engagement and loyalty, while its online platform expands its market reach beyond geographic limitations. Additionally, Torrid benefits from strategic marketing initiatives and loyalty programs that encourage repeat purchases. The company's focus on a specific demographic allows it to maintain a dedicated customer base, which is essential for its sustained revenue growth. Furthermore, Torrid may engage in partnerships or collaborations with fashion influencers and designers to boost brand visibility and attract new customers.

Torrid Holdings Financial Statement Overview

Summary

Torrid Holdings' financial performance is under pressure with declining revenues and profitability challenges. The negative equity and high leverage present significant financial risks. However, improved cash flow generation offers some optimism.

Income Statement

Torrid Holdings' income statement presents mixed results. The company has experienced declining revenue over the past couple of years, with a decrease from $1.29 billion in 2023 to $1.10 billion in 2025. Gross profit margins have been under pressure, dropping from 35.7% in 2023 to 37.5% in 2025. Net income has shown some improvement in recent periods, though it remains relatively low compared to past performance. The EBIT and EBITDA margins indicate operational challenges, with EBITDA decreasing significantly over recent years. Overall, the company's income statement reflects pressure on profitability and revenue growth.

Balance Sheet

The balance sheet of Torrid Holdings reveals financial stress, particularly with its negative stockholders' equity, which indicates the company has more liabilities than assets. This is a significant red flag. The debt-to-equity ratio is not calculable due to negative equity, but the high total debt level of $191 million as of 2025 suggests leverage is a concern. The equity ratio is negative, further emphasizing the financial risk. Despite these issues, the company has managed to maintain some asset stability over recent years.

Cash Flow

The company's cash flow statement presents some positive aspects, notably in free cash flow, which has shown growth from $16.77 million in 2024 to $62.99 million in 2025. Operating cash flow has also improved, indicating better cash generation from operations. However, the free cash flow to net income ratio suggests that while cash flow generation is improving, profitability remains low. The company has managed to generate positive cash flows despite operational challenges.

Breakdown
Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement		Total Revenue
1.10B	1.15B	1.29B	1.28B	973.51M
	Gross Profit
413.47M	405.98M	459.54M	518.97M	330.30M
	EBIT
57.21M	57.15M	101.63M	45.38M	56.82M
	EBITDA
57.21M	92.05M	181.06M	123.78M	131.76M
	Net Income Common Stockholders
16.32M	11.62M	50.21M	-29.94M	24.53M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
48.52M	11.73M	13.57M	29.02M	122.95M
	Total Assets
488.44M	476.95M	527.26M	578.50M	648.21M
	Total Debt
466.63M	311.97M	546.33M	599.17M	502.37M
	Net Debt
418.10M	300.23M	532.76M	570.14M	379.42M
	Total Liabilities
679.53M	688.66M	757.49M	836.82M	711.38M
	Stockholders Equity
-191.09M	-211.72M	-230.22M	-258.32M	-63.17M
Cash Flow		Free Cash Flow
63.00M	16.77M	29.94M	103.67M	140.25M
	Operating Cash Flow
77.39M	42.77M	53.31M	121.22M	151.82M
	Investing Cash Flow
-14.39M	-26.00M	-23.37M	-17.55M	-11.57M
	Financing Cash Flow
-24.50M	-18.52M	-45.12M	-197.81M	-45.92M

Torrid Holdings Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 5.10
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CURV, the sentiment is Negative. The current price of 5.1 is below the 20-day moving average (MA) of 5.21, below the 50-day MA of 5.42, and below the 200-day MA of 5.12, indicating a bearish trend. The MACD of -0.17 indicates Positive momentum. The RSI at 45.53 is Neutral, neither overbought nor oversold. The STOCH value of 37.25 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for CURV.

Torrid Holdings Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SCVL	73 Outperform	$520.75M	7.97	10.52%	3.15%	-1.24%	-11.02%
GES	66 Neutral	$596.11M	14.29	2.61%	10.47%	9.02%	-93.19%
Sector *	62 Neutral	$6.82B	11.05	2.80%	4.32%	2.67%	-24.92%
SFIX	52 Neutral	$516.73M	―	-27.37%	―	-8.48%	55.77%
LE	51 Neutral	$269.99M	64.39	1.90%	―	-7.58%	―
YSG	50 Neutral	$843.81M	―	-16.81%	―	-2.11%	-6.49%
CURV	45 Neutral	$535.61M	54.03		―	-4.21%	-16.35%

Torrid Holdings Corporate Events

Torrid Holdings Elects New Board Members at Annual Meeting

On June 4, 2025, Torrid Holdings Inc. held its annual meeting of stockholders. During the meeting, Lisa M. Harper and Stefan L. Kaluzny were elected to the Board of Directors as Class I Directors until 2028. Additionally, stockholders approved the compensation for the company’s named executive officers and ratified the appointment of PricewaterhouseCoopers LLP as the independent registered public accounting firm for the fiscal year ending January 31, 2026.

The most recent analyst rating on (CURV) stock is a Buy with a $5.00 price target. To see the full list of analyst forecasts on Torrid Holdings stock, see the CURV Stock Forecast page.