UNIFI INC (UFI) Form 10-K — Aug 26, 2026

$UFIForm 10-KFiled Aug 26, 2026, 4:12 PM ET0000100726-26-000012Original filing

UNIFI's fiscal 2026 10-K shows net sales of $531.3 million, down 7.0% year over year, and a net loss of $24.6 million that widened 20.7% — though the prior year was propped up by a $40.1 million gain on the Madison facility sale. The underlying operating picture improved sharply, with gross profit more than tripling to $30.5 million from $8.4 million on lower manufacturing costs and the Fiscal 2026 Profit Improvement Plan. Balance sheet progress was the highlight: ABL revolver borrowings were cut to $3.9 million from $11.0 million, net interest expense fell 40.8% to $5.1 million, and excess availability stood at $44.1 million with all covenants in compliance.

Key figures

Revenue: $531.3 million (fiscal 2026 net sales, presented as $531,303 thousand)
Net Income: -$24.6 million (net loss, widened 20.7% from -$20.3 million)
Total Debt: $3.9 million (ABL Revolver outstanding)
Revenue Yoy: -7.0%
Interest Rate: 7.8% weighted average on ABL Revolver as of June 28, 2026
Maturity Date: October 2027 (2022 ABL Facility matures October 28, 2027)
Shares Outstanding: 18588837
Sga: $44,681 thousand, down 8.8% year over year
Dividends: none paid in past two fiscal years; none anticipated
Gross profit: $30,456 thousand vs $8,418 thousand in fiscal 2025
Operating loss: -$14,648 thousand, widened 53.9% from -$9,520 thousand (prior year aided by $40,079 thousand asset-sale gain)
Fiscal2027 capex: $7,000-$9,000 thousand
Repreve fiber sales: $157,428 thousand, 30% of net sales (vs $174,855 / 31% in FY2025 and $188,517 / 32% in FY2024)
Cash held outside us: $24,714 thousand, 99% of total cash
Interest expense net: $5,114 thousand, down 40.8%
Madison facility sale: $45,000 thousand cash (closed Q4 fiscal 2025)
Covenant trigger level: $16,500 thousand (springs 1.05x fixed charge coverage covenant if breached)
Abl excess availability: $44,147 thousand; $0 standby letters of credit; in compliance with all covenants
Share repurchase program: $50,000 thousand authorized (2018 SRP); $38,859 thousand remaining; no repurchases in fiscal 2026
Repatriation tax exposure: approximately $13,728 thousand if $44,110 thousand of permanently reinvested foreign earnings were distributed
Non affiliate market value: $53,095,011 as of December 26, 2025

Price after filing

1 day: +0.1%7 days: -3.3%30 days: -12.5%

Close on the filing date to close N calendar days later (from $7.54). Historical, not a forecast.

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