Stocks LVLU Financial statements
Financial statementsLulu's Fashion Lounge Holdings, Inc. financial statements
Income statement, balance sheet and cash flow statement for the last 7 fiscal years, taken from the XBRL data Lulu's Fashion Lounge Holdings, Inc. files with the SEC in its annual reports.
In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
| FY2019 | FY2021 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | |
|---|---|---|---|---|---|---|---|
| Revenue | 370 | 249 | 376 | 440 | 355 | 316 | 282 |
| Cost of revenue | 208 | 138 | 199 | 248 | 207 | 186 | 160 |
| Gross profit | 161 | 110 | 177 | 191 | 148 | 130 | 122 |
| Selling and marketing | 72.9 | 47.8 | 66.7 | 83.6 | 76.3 | 72.9 | 66.6 |
| General and administrative | 73.4 | 67.2 | 87.7 | 99.1 | 92.1 | 81.3 | 68.1 |
| Operating income | 14.9 | -4.68 | 22.3 | 8.74 | -20.2 | -52.4 | -12.6 |
| Interest expense | 15.2 | 16 | 12.8 | 1.1 | 1.73 | 1.27 | 2.46 |
| Other non-operating income | -15 | -15.9 | -14.1 | -0.97 | |||
| Pre-tax income | -0.02 | -20.6 | 8.26 | 7.77 | -21 | -53 | -13.5 |
| Income tax | 0.45 | -1.27 | 6.21 | 4.05 | -1.68 | 2.33 | 0.19 |
| Net income | -0.47 | -19.3 | 2.05 | 3.73 | -19.3 | -55.3 | -13.7 |
| EBITDA | 18 | -1.46 | 25.2 | 12.9 | -15.4 | -46.9 | -7.51 |
| EPS, basic | -0.45 | -17.11 | -92.09 | 1.51 | -7.27 | -20.00 | -4.90 |
| EPS, diluted | -0.45 | -17.11 | -92.09 | 1.51 | -7.27 | -20.00 | -4.90 |
| Shares, basic (weighted) | 1.15 | 1.15 | 1.34 | 2.55 | 2.66 | 2.76 | 2.8 |
| Shares, diluted (weighted) | 1.15 | 1.15 | 1.34 | 2.57 | 2.66 | 2.76 | 2.8 |
| Dividend per share | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Balance sheet
| FY2019 | FY2021 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | |
|---|---|---|---|---|---|---|---|
| Cash and equivalents | 5.86 | 15.6 | 11.4 | 10.2 | 2.51 | 4.46 | 2.66 |
| Receivables | 3.83 | 5.65 | 3.91 | 3.54 | 2.16 | 1.71 | |
| Inventory | 16.9 | 22.2 | 43.2 | 35.5 | 34 | 32.4 | |
| Other current assets | 0.63 | 5.36 | 3.74 | 5.38 | 4.29 | 3.61 | |
| Total current assets | 42.8 | 49.1 | 69 | 52.5 | 51.5 | 43.6 | |
| Property, plant and equipment | 3.09 | 3.23 | 4.39 | 4.71 | 3.64 | 2.31 | |
| Goodwill | 35.4 | 35.4 | 35.4 | 35.4 | 7.06 | 7.06 | |
| Intangible assets | 2.29 | 2.24 | 3.09 | 3.26 | 2.76 | 2.68 | |
| Other non-current assets | 2.45 | 4.76 | 4.25 | 5.5 | 0.7 | 0.64 | |
| Total assets | 105 | 114 | 167 | 149 | 108 | 89.4 | |
| Accounts payable | 7.16 | 4.23 | 5.32 | 8.9 | 11 | 8.34 | |
| Short-term debt | 10.1 | ||||||
| Total current liabilities | 41.3 | 43.1 | 47.6 | 61.9 | 74.3 | 75.1 | |
| Long-term debt | 96.9 | ||||||
| Lease liabilities | 26.6 | 23.6 | 19.2 | 10.3 | |||
| Other non-current liabilities | 2.5 | 1.11 | 0.62 | 1.18 | 0.85 | 0.9 | |
| Total liabilities | 141 | 69.3 | 102 | 88.5 | 94.8 | 86.4 | |
| Total debt | 107 | 25 | 25 | ||||
| Paid-in capital | 10.6 | 222 | 239 | 254 | 262 | 267 | |
| Retained earnings | -180 | -178 | -174 | -193 | -248 | -262 | |
| Treasury stock | -0.5 | -1.38 | |||||
| Shareholders' equity | -158 | -169 | 44.5 | 64.9 | 61 | 13.4 | 3.01 |
| Total equity | -158 | -169 | 44.5 | 64.9 | 61 | 13.4 | 3.01 |
| Total liabilities and equity | 105 | 114 | 167 | 149 | 108 | 89.4 | |
| Shares outstanding | 1.15 | 2.54 | 2.59 | 40.6 | 2.8 | 2.97 |
Cash flow statement
| FY2019 | FY2021 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | |
|---|---|---|---|---|---|---|---|
| Net income | -0.47 | -19.3 | 2.05 | 3.73 | -19.3 | -55.3 | -13.7 |
| Depreciation and amortization | 3.04 | 3.22 | 2.83 | 4.13 | 4.82 | 5.48 | 5.11 |
| Stock-based compensation | 2.04 | 9.09 | 13.7 | 16.1 | 17.7 | 8.09 | 4.48 |
| Deferred income tax | -1.62 | -0.01 | -1.66 | 1.66 | -2.54 | 3.8 | |
| Change in receivables | -1.67 | 0.12 | -1.82 | 1.74 | 0.37 | 1.38 | 0.45 |
| Change in inventory | -1.82 | 9.24 | -5.28 | -21 | 7.71 | 1.44 | 1.59 |
| Change in payables | 5.26 | -3.7 | -2.9 | 1.15 | 3.58 | 2.14 | -2.66 |
| Cash from operations | 11.9 | 4.86 | 26.9 | 6.2 | 15.4 | 2.6 | 1.38 |
| Capital expenditures | -2.21 | -0.7 | -1.45 | -2.51 | -1.88 | -1.3 | -0.35 |
| Cash from investing | -4.04 | -1.91 | -3.39 | -5.12 | -4 | -2.87 | -2.13 |
| Debt repaid | -12.7 | -2.53 | -110 | ||||
| Share buybacks | -0.5 | -0.89 | |||||
| Cash from financing | -9.72 | 6.76 | -27.7 | -2.77 | -19.1 | 2.23 | -1.05 |
| Net change in cash | -1.89 | 9.7 | -4.15 | -1.69 | -7.71 | 1.95 | -1.8 |
| Free cash flow | 9.66 | 4.16 | 25.4 | 3.69 | 13.5 | 1.3 | 1.03 |
| Interest paid | 13.1 | 12.7 | 8.56 | 0.89 | 1.63 | 1.05 | 1.86 |
| Income taxes paid | 1.38 | 0.17 | 6.11 | 6.44 | -1.95 | -1 | -3.01 |
Key metrics
Profitability
| Metric | Value | How it is calculated |
|---|---|---|
| Gross margin | 45.1% | Gross profit / revenue. |
| Operating margin | -2.5% | Operating income / revenue. |
| EBITDA margin | -0.8% | EBITDA (operating income + depreciation and amortization) / revenue. |
| Pre-tax margin | -3.0% | Pre-tax income / revenue. |
| Net margin | -3.2% | Net income / revenue. |
| FCF margin | 0.6% | Free cash flow (cash from operations - capital expenditures) / revenue. |
| Operating cash flow margin | 0.7% | Cash from operations / revenue. |
| Return on assets (ROA) | -9.6% | Net income / average total assets. |
| Stock-based pay / revenue | 1.2% | Stock-based compensation (from the cash flow statement) / revenue. |
| Capex / revenue | 0.1% | Capital expenditures / revenue. |
| D&A / revenue | 1.8% | Depreciation and amortization / revenue. |
Growth
| Metric | Value | How it is calculated |
|---|---|---|
| Revenue growth, 1y | -10.6% | Revenue vs the same period a year earlier. Only from a positive base. |
| Revenue CAGR, 3y | -13.7% | Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive. |
| Revenue CAGR, 5y | 2.6% | Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive. |
| Gross profit growth, 1y | -6.3% | Gross profit vs the same period a year earlier. Only from a positive base. |
| Gross profit CAGR, 3y | -13.9% | Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive. |
| Gross profit CAGR, 5y | 2.0% | Compound annual growth of gross profit over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive. |
| Operating cash flow growth, 1y | -47.0% | Operating cash flow vs the same period a year earlier. Only from a positive base. |
| Operating cash flow CAGR, 3y | -39.4% | Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive. |
| Operating cash flow CAGR, 5y | -22.3% | Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive. |
| Free cash flow growth, 1y | -20.9% | Free cash flow vs the same period a year earlier. Only from a positive base. |
| Free cash flow CAGR, 3y | -34.7% | Compound annual growth of free cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive. |
| Free cash flow CAGR, 5y | -24.4% | Compound annual growth of free cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive. |
| Book value growth, 1y | -77.5% | Book value vs the same period a year earlier. Only from a positive base. |
| Book value CAGR, 3y | -64.1% | Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive. |
| Total assets growth, 1y | -17.4% | Total assets vs the same period a year earlier. Only from a positive base. |
| Total assets CAGR, 3y | -18.8% | Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive. |
| Total assets CAGR, 5y | -3.2% | Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive. |
| Share count change, 1y | 1.3% | Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution. |
| Share count change per year, 3y | 3.0% | Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution. |
| Share count change per year, 5y | 19.4% | Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution. |
Balance sheet health
| Metric | Value | How it is calculated |
|---|---|---|
| Current ratio | 0.54x | Current assets / current liabilities. |
| Quick ratio | 0.09x | (Cash + short-term investments + receivables) / current liabilities. |
| Cash ratio | 0.05x | (Cash + short-term investments) / current liabilities. |
| Liabilities / assets | 101.7% | Total liabilities / total assets. |
| Interest coverage | -3.87x | Operating income / interest expense. |
| Working capital | -$36.0M | Current assets - current liabilities. |
| Goodwill and intangibles / assets | 11.0% | (Goodwill + intangible assets) / total assets. |
| Tangible book value | -$11.0M | Shareholders' equity - goodwill - intangible assets. |
Efficiency
| Metric | Value | How it is calculated |
|---|---|---|
| Asset turnover | 3.02x | Revenue / average total assets. |
| Fixed asset turnover | 141x | Revenue / average property, plant and equipment. |
| Inventory turnover | 5.02x | Cost of revenue / average inventory. |
| Days inventory | 73 days | 365 x average inventory / cost of revenue. |
| Receivables turnover | 95.8x | Revenue / average receivables. |
| Days sales outstanding | 4 days | 365 x average receivables / revenue. |
| Days payables | 44 days | 365 x average accounts payable / cost of revenue. |
| Cash conversion cycle | 32 days | Days inventory + days sales outstanding - days payables. |
| Capex / operating cash flow | 10.8% | Capital expenditures / cash from operations, when that is positive. |
Per share
| Metric | Value | How it is calculated |
|---|---|---|
| EPS, diluted | -$2.90 | Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS. |
| Revenue per share | $91.45 | Revenue / diluted weighted shares. |
| FCF per share | $0.59 | Free cash flow / diluted weighted shares. |
| Operating cash flow per share | $0.66 | Cash from operations / diluted weighted shares. |
| Book value per share | -$0.50 | Shareholders' equity / shares outstanding (diluted weighted shares when not reported). |
| Tangible book per share | -$3.67 | Tangible book value / shares outstanding. |
| Cash per share | $1.37 | (Cash + short-term investments) / shares outstanding. |
Valuation
| Metric | Value | How it is calculated |
|---|---|---|
| Market cap | $33.1M | Share price x shares outstanding. |
| Enterprise value | $29.0M | Market cap + total debt - cash - short-term investments. |
| P/S | 0.13x | Market cap / revenue. |
| P/FCF | 19.6x | Market cap / free cash flow. Only when free cash flow is positive. |
| P/OCF | 17.5x | Market cap / cash from operations, when positive. |
| EV/Sales | 0.11x | Enterprise value / revenue. |
| EV/FCF | 17.1x | Enterprise value / free cash flow, when both are positive. |
| FCF yield | 5.1% | Free cash flow / market cap. |
| Earnings yield | -25.0% | Net income / market cap (the inverse of P/E). |
What was Lulu's Fashion Lounge Holdings, Inc.'s revenue in fiscal 2025?
Lulu's Fashion Lounge Holdings, Inc. reported revenue of $282.3M for fiscal 2025, 10.6% lower than the year before.
Was Lulu's Fashion Lounge Holdings, Inc. profitable in fiscal 2025?
No. It reported a net loss of $13.7M.
How much free cash flow did Lulu's Fashion Lounge Holdings, Inc. generate in fiscal 2025?
Cash from operations of $1.4M minus capital expenditures of $350.0K left free cash flow of $1.0M.