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
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.
Others in SIC 5712
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| RH | RH | $2.80B | 23.5x | 8.1% |
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| HVT | HAVERTY FURNITURE COMPANIES INC | — | — | 5.0% |
| HTLM | HomesToLife Ltd | — | — | 12.8% |