Lovesac Co LOVE
When used in this report, the terms "we," "us," "our," "Lovesac" and the "Company" mean The Lovesac Company.
We are a technology driven company that designs, manufactures and sells unique, high quality furniture derived through our proprietary Designed for Life® approach which results in products that are built to last a lifetime and designed to evolve as our customers' lives do. Our current product offering is comprised of modular couches called Sactionals®, premium foam beanbag chairs called Sacs®, the immersive surround sound home theater system called StealthTech®, the PillowSac® Chair, the Sactionals Reclining Seat, a recently launched platform of premium seating called SnuggTM, and various accessories. Innovation is at the center of our design philosophy with all of our core products protected by a robust portfolio of utility and design patents. We market and sell our products through an omni-channel platform that includes direct-to-consumer touch points in the form of our own showrooms and online directly at www.lovesac.com. We believe that our ecommerce centric approach, coupled with our ability to deliver our large upholstered products through express couriers, is unique to the furniture industry.
Valuation FY2025 figures against the last close
Where the revenue comes from as reported in the latest 10-K
Revenue by segment
- Sactionals
- Sacs
- Other
| Segment | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| Sactionals | $634.8M | $621.9M | $637.4M |
| Sacs | $42.6M | $48.8M | $51.7M |
| Other | $19.7M | $9.9M | $11.2M |
As the company reported it, from the “Segment Information - Schedule of Operating Segments (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Segments are the filer's own reporting structure, which is a decision about how it runs itself rather than a standard taxonomy: two companies in the same industry routinely divide themselves along different lines, so these are worth reading down a single company rather than across two. Slices under 1% are folded into “Other”.
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $697.1M | $680.6M | $700.3M | $651.2M | $498.2M | $320.7M | $233.4M | $165.9M | $101.8M | — |
| Cost of revenue | $303.9M | $282.8M | $299.2M | $307.5M | $224.7M | $146.0M | $116.7M | $75.0M | $44.6M | — |
| Gross profit | $393.2M | $397.8M | $401.0M | $343.7M | $273.5M | $174.8M | $116.7M | $90.9M | $57.2M | — |
| R&D | $7.0M | $8.4M | $7.7M | $8.4M | — | — | — | — | — | — |
| SG&A | $284.0M | $281.4M | $264.3M | $216.0M | $160.0M | $111.4M | $98.1M | $76.4M | $50.8M | — |
| Total operating expenses | $387.9M | $384.2M | $371.0M | $306.7M | $233.0M | $159.9M | $132.5M | $97.9M | $62.3M | — |
| Operating income | $5.4M | $13.6M | $30.1M | $37.0M | $40.6M | $14.9M | -$15.8M | -$7.0M | -$5.0M | — |
| Interest expense | — | — | $1.7M | $117.0K | $179.0K | $67.0K | $647.0K | $355.4K | $438.0K | — |
| Pre-tax income | $6.7M | $16.4M | $31.8M | $36.8M | $40.4M | $14.8M | -$15.2M | -$6.7M | -$5.5M | — |
| Income tax | $2.6M | $4.9M | $8.0M | $10.4M | $7.1M | $86.0K | $43.0K | $16.4K | $26.0K | — |
| Net income | $4.1M | $11.6M | $23.9M | $28.2M | $45.9M | $14.7M | -$15.2M | -$6.7M | -$5.5M | — |
| EPS, basic | 0.28 | 0.75 | 1.55 | 1.74 | 3.14 | 1.01 | -1.07 | — | — | — |
| EPS, diluted | 0.28 | 0.69 | 1.45 | 1.66 | 2.96 | 0.96 | -1.07 | -3.28 | -1.12 | — |
| Shares, diluted (wtd. avg.) | 14.7M | 16.8M | 16.5M | 16.0M | 16.1M | 15.3M | 14.3M | — | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $101.9M | $83.7M | $87.0M | $43.5M | $92.4M | $78.3M | $48.5M | $49.1M | $9.2M | $878.7K |
| Receivables | $11.7M | $16.8M | $13.5M | $9.1M | $8.5M | $4.5M | $7.2M | $4.0M | $2.8M | — |
| Inventory | — | — | — | — | — | $3.2M | $1.1M | — | $577.3K | — |
| Total current assets | $236.6M | $246.6M | $214.4M | $187.7M | $221.7M | $143.4M | $100.2M | $85.1M | $29.7M | — |
| Property, plant and equipment | $86.4M | $78.0M | $70.8M | $52.9M | $34.1M | $25.9M | $23.8M | $18.6M | $11.0M | — |
| Goodwill | $144.0K | $144.0K | $144.0K | $144.0K | $144.0K | $144.0K | $143.6K | $143.6K | $143.6K | — |
| Other intangibles | $2.4M | $1.6M | $1.5M | $1.4M | $1.4M | $1.5M | $1.4M | $942.3K | $526.4K | — |
| Total assets | $534.7M | $532.2M | $482.2M | $408.6M | $369.1M | $171.0M | $125.7M | $105.0M | $41.4M | — |
| Accounts payable | $43.7M | $51.8M | $28.8M | $24.6M | $33.2M | $24.3M | $19.9M | $16.8M | $12.7M | — |
| Short-term debt | — | — | — | — | — | $14.0M | — | — | — | — |
| Total current liabilities | $147.1M | $155.1M | $106.4M | $82.0M | $114.7M | $56.3M | $32.4M | $24.6M | $16.7M | — |
| Long-term debt | — | — | — | — | — | $78.0M | — | — | — | — |
| Total liabilities | $316.0M | $315.9M | $264.7M | $215.5M | $211.3M | $63.1M | $35.5M | $26.2M | $17.8M | — |
| Retained earnings | $23.9M | $25.8M | $34.4M | $10.5M | -$15.9M | -$63.4M | -$78.2M | -$63.0M | -$56.3M | — |
| Total equity | $218.7M | $216.4M | $217.5M | $193.1M | $157.8M | $107.9M | $90.2M | $78.8M | $23.6M | $7.0M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $49.3M | $39.0M | $76.4M | -$21.4M | $32.6M | $40.5M | -$11.2M | -$7.0M | -$2.7M | — |
| Depreciation and amortisation | $14.9M | $14.3M | $12.2M | $10.5M | $7.2M | $6.1M | $4.9M | $2.9M | $2.0M | — |
| Stock-based compensation | $5.5M | $7.9M | $4.2M | $10.4M | $5.9M | $4.7M | $5.2M | $3.3M | $950.6K | — |
| Capital expenditure | $23.1M | $21.0M | $28.7M | $25.2M | $14.6M | $8.4M | $10.3M | $10.7M | $6.6M | — |
| Investing cash flow | -$24.0M | -$21.5M | -$29.2M | -$25.5M | -$15.1M | -$9.1M | -$10.7M | -$11.4M | -$6.8M | — |
| Financing cash flow | -$7.2M | -$20.8M | -$3.7M | -$1.9M | -$3.5M | -$1.7M | $21.3M | $58.3M | $17.8M | — |
| Buybacks | $6.0M | $19.9M | $0 | $0 | — | — | — | — | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001308179-26-000324.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | $101.8M | $165.9M | $233.4M | $320.7M | $498.2M | $651.2M | $700.3M | $680.6M | $697.1M |
| Gross profit | — | $57.2M | $90.9M | $116.7M | $174.8M | $273.5M | $343.7M | $401.0M | $397.8M | $393.2M |
| Net income | — | -$5.5M | -$6.7M | -$15.2M | $14.7M | $45.9M | $28.2M | $23.9M | $11.6M | $4.1M |
Recent filings and events
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Results announced Item 2.02
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Results announced Item 2.02
- Officer or director change Item 5.02
- Regulation FD disclosure Item 7.01
- Results announced Item 2.02
- Officer or director change Item 5.02
- Regulation FD disclosure Item 7.01
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
Others in SIC 5712
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| RH | RH | $2.60B | 21.8x | 8.1% |
| ARHS | Arhaus, Inc. | $1.66B | 24.4x | 8.5% |
| HVT | HAVERTY FURNITURE COMPANIES INC | — | — | 5.0% |
| HTLM | HomesToLife Ltd | — | — | 12.8% |