Vince Holding Corp

investors.vince.com

What Do They Do?

Sells women's and men's clothing and accessories under the Vince brand to consumers and department and specialty stores.

How Do They Make Money?

Department and specialty stores buy clothing, with sales counted when they receive the goods. Consumers buy in stores or online; store sales count at purchase and online sales when customers receive their orders.

revenue

Segment	Share	Revenue	How money arrives
Vince Wholesale Sold outright	55% FY2022: 47%		Sold outright
Vince Direct-to-Consumer Sold outright	45% FY2022: 42%		Sold outright

Who Are Their Customers?

Department and specialty stores in the U.S. and select international markets buy through Vince Wholesale; consumers buy through company-operated retail and outlet stores and the Vince website.

Customers above 10% of revenue, FY2025

of revenue from one customer

FY2024: 26% from one customer

Do Revenues Turn Into Profits?

Yes. It kept 2 cents of every revenue dollar as net income in FY2025, but spent more cash than it brought in: free cash flow was −$1.3M.

Operating income, FY2025

3% of revenue

▲ Now profitable vs FY2024 (−$17.2M, −6%)

Net income, FY2025

2% of revenue

▲ Now profitable vs FY2024 (−$19M, −6%)

Free cash flow, FY2025

0% of revenue

▼ Now a loss vs FY2024 ($17.8M, 6%)

How Are They Changing?

Since the FY2025 annual report

Latest quarter: Q2 FY2026, the three months to Aug 1, 2026

Revenue: ▲ +12%; vs $73.2M in Q2 FY2025
Net income: ▼ −12%; vs $12.1M in Q2 FY2025

Vince Wholesale share of revenue vs 61.1% in Q2 FY2025

Aug 27, 2026 Acquired OVO's operating business and licensed apparel rights The deal adds OVO's operating companies, retail stores, e-commerce and wholesale operations; VNCE also holds 5% of OVO intellectual property.
Jun 16, 2026 Raised fiscal 2026 guidance It projected fiscal 2026 net sales growth of approximately 7% to 8%.

Flat. Revenue was $300M in FY2025, about the same as the $322.7M of FY2021.

A narrower brand portfolio The older report described Vince, Rebecca Taylor, and Parker; the latest describes the company as operating the Vince brand after the other labels were wound down or sold.

Vince intellectual property licensing The older report described a planned sale of Vince intellectual property; the latest says the sale closed and V Opco operates under a license, paying ABG Vince royalties on product sales.

Revenue over time

Vince Wholesale Vince Direct-to-Consumer Rebecca Taylor And Parker

$500M$250M$0

FY2021 FY2022 FY2023 FY2024 FY2025

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