Unifi UFI
Unifi reports net loss of $2.02 million
- Form
- 10-Q
- Filed
- Importance
- Notable
- Accession
- 0000100726-26-000020
- Revenue: $127.92 million for the three months ended Sep 27, 2026
- Net loss: $2.02 million for the three months ended Sep 27, 2026
- Diluted EPS: -$0.11 for the three months ended Sep 27, 2026
Written from the 10-Q on EDGAR. Check the filing before you rely on it.
What changed since last quarter
No new risk factors or legal mentions.
Compared with the 10-Q for the period ended Mar 29, 2026.
| This filing | Previous | Change vs prior 10-Q | |
|---|---|---|---|
| Revenue | $127.92M | $144.22M | −11% |
| Operating income and margin | −$24K · 0% | $2.38M · 1.6% | −101%, margin −1.6 pts |
| Net income | −$2.02M | −$1.19M | −69% |
| Operating cash flow | $3.68M | $2.14M | +72% |
| Cash | $26.09M | $25.07M | +4.1% |
The reading, claim by claim
1 of 1 claim matched the filing text.
From the filing's financial data, not stated in its text
From this 10-Q's financial data (XBRL) for the quarter ended September 27, 2026
- For the quarter ended September 27, 2026, UNIFI INC reported: Revenue $127.9 million.
- Gross margin 9.8%.
- Operating margin 0.0%.
- Net margin -1.6%.
- Revenue change from a year earlier -5.7%.
From the filing
Item 1. Financial Statements
Item 1. Financial Statements
CONDENSED CONSOLIDATED BA LANCE SHEETS
(Unaudited)
(In thousands, except share and per share amounts)
ASSETS
Cash and cash equivalents
$
26,091
$
25,072
Receivables, net
73,543
76,666
Inventories
109,245
101,067
Income taxes receivable
753
905
Other current assets
9,052
7,743
Total current assets
218,684
211,453
Property, plant and equipment, net
153,534
158,325
Operating lease assets
5,960
6,532
Deferred income taxes
5,287
5,316
Other non-current assets
4,907
4,807
Total assets
$
388,372
$
386,433
LIABILITIES AND SHAREHOLDERS' EQUITY
Accounts payable
$
37,500
$
31,151
Income taxes payable
1,295
656
Current operating lease liabilities
1,879
2,128
Current portion of long-term debt
12,087
12,371
Other current liabilities
15,169
17,249
Total current liabilities
67,930
63,555
Long-term debt
78,756
79,998
Non-current operating lease liabilities
4,132
4,458
Deferred income taxes
1,004
997
Other long-term liabilities
5,333
5,203
Total liabilities
157,155
154,211
Commitments and contingencies
Common stock, $ 0.10 par value ( 500,000,000 shares authorized; 18,588,837 and 18,587,254 shares issued and outstanding as of September 27, 2026 and June 28, 2026, respectively)
1,859
1,859
Capital in excess of par value
77,954
77,174
Retained earnings
212,467
214,487
Accumulated other comprehensive loss
( 61,063
)
( 61,298
)
Total shareholders' equity
231,217
232,222
Total liabilities and shareholders' equity
$
388,372
$
386,433
See accompanying notes to condensed consolidated financial statements.
1
CONDENSED CONSOLIDATED STATE MENTS OF OPERATIONS AND COMPREHENSIVE LOSS
(Unaudited)
(In thousands, except per share amounts)
For the Three Months Ended
Net sales
$
127,920
$
135,674
Cost of sales
115,439
132,287
Gross profit
12,481
3,387
Selling, general and administrative expenses
11,462
11,948
Provision (benefit) for bad debts
568
( 69
)
Restructuring costs, net
—
1,068
Other operating expense, net
475
70
Operating loss
( 24
)
( 9,630
)
Interest income
( 470
)
( 375
)
Interest expense
1,449
2,003
Equity in earnings of unconsolidated affiliate
( 20
)
( 97
)
Loss before income taxes
( 983
)
( 11,161
)
Provision for income taxes
1,037
196
)
$
( 11,357
)
Net loss per common share:
Basic
$
( 0.11
)
$
( 0.62
)
Diluted
$
( 0.11
)
$
( 0.62
)
Comprehensive loss:
For the Three Months Ended
Net loss
$
( 2,020
)
$
( 11,357
)
Other comprehensive income:
Foreign currency translation adjustments
235
2,179
Other comprehensive income
235
2,179
Comprehensive loss
$
( 1,785
)
$
( 9,178
)
See accompanying notes to condensed consolidated financial statements.
2
CONDENSED CONSOLIDATED STATEM ENTS OF SHAREHOLDERS' EQUITY
(Unaudited)
(In thousands)
Shares
Common Stock
Capital in Excess of Par Value
Retained Earnings
Accumulated Other Comprehensive Loss
Total Shareholders' Equity
Balance at June 28, 2026
18,587
$
1,859
$
77,174
$
214,487
$
( 61,298
)
$
232,222
Conversion of equity units
2
—
—
—
—
—
Stock-based compensation
—
—
780
—
—
780
Other comprehensive income, net of tax
—
—
—
—
235
235
Net loss
—
—
—
( 2,020
)
—
( 2,020
)
Balance at September 27, 2026
18,589
$
1,859
$
77,954
$
212,467
$
( 61,063
)
$
231,217
Shares
Common Stock
Capital in Excess of Par Value
Retained Earnings
Accumulated Other Comprehensive Loss
Total Shareholders' Equity
Balance at June 29, 2025
18,361
$
1,836
$
74,095
$
239,049
$
( 65,509
)
$
249,471
Stock-based compensation
—
—
801
—
—
801
Other comprehensive income, net of tax
—
—
—
—
2,179
2,179
Net loss
—
—
—
( 11,357
)
—
( 11,357
)
Balance at September 28, 2025
18,361
$
1,836
$
74,896
$
227,692
$
( 63,330
)
$
241,094
See accompanying notes to condensed consolidated financial statements.
3
CONDENSED CONSOLIDATED STATEME NTS OF CASH FLOWS
(Unaudited)
(In thousands)
For the Three Months Ended
Cash and cash equivalents at beginning of period
$
25,072
$
22,664
Operating activities:
Net loss
( 2,020
)
( 11,357
)
Adjustments to reconcile net loss to net cash provided (used) by operating activities:
Equity in earnings of unconsolidated affiliate
( 20
)
( 97
)
Depreciation and amortization expense
5,759
5,977
Non-cash compensation expense
780
801
Loss on foreign currency transaction, net
91
—
Deferred income taxes
29
( 372
)
Other, net
2
182
Changes in assets and liabilities:
Receivables, net
3,211
( 900
)
Inventories
( 8,250
)
( 678
)
Other current assets
( 1,262
)
1,835
Income taxes
802
1,767
Accounts payable and other current liabilities
4,516
( 6,184
)
Other, net
39
106
Net cash provided (used) by operating activities
3,677
( 8,920
)
Investing activities:
Capital expenditures
( 1,198
)
( 2,029
)
Proceeds from the sale of assets
40
23
Net cash used by investing activities
( 1,158
)
( 2,006
)
Financing activities:
Proceeds from ABL Revolver
27,200
51,900
Payments on ABL Revolver
( 25,500
)
( 40,300
)
Payments on ABL Term Loan
( 2,300
)
( 2,300
)
Payments on finance lease obligations
( 939
)
( 668
)
Other, net
—
—
Net cash (used) provided by financing activities
( 1,539
)
8,632
Effect of exchange rate changes on cash and cash equivalents
39
185
Net increase (decrease) in cash and cash equivalents
1,019
( 2,109
)
Cash and cash equivalents at end of period
$
26,091
$
20,555
See accompanying notes to condensed consolidated financial statements.
4
Unifi, Inc.
Notes to Condensed Consolidated Financial Statements
(Unaudited)
1. Background
Unifi, Inc., a New York corporation formed in 1969 (together with its subsidiaries, "UNIFI," the "Company," "we," "us," or "our"), is a multinational company that manufactures and sells innovative recycled and synthetic products, made from polyester and nylon, primarily to other yarn manufacturers and knitters and weavers (UNIFI's "direct customers") that produce yarn and/or fabric for the apparel, hosiery, home furnishings, automotive, industrial, medical, and other end-use markets (UNIFI's