Lulu's Fashion Lounge Holdings, Inc. LVLU
Lulus is a women's clothing brand offering modern, feminine styles at accessible prices for every occasion. Our goal is to make every customer feel their most confident and beautiful for the moments that matter most. Lulus primarily serves a large, diverse community of Gen Z and Millennial women, who typically meet us in their 20s and stay with us through their 30s and beyond. We use direct customer feedback and insights to refine product offerings and elevate the customer experience. Lulus' world-class personal stylists, bridal concierge, and customer care team provide thoughtful, personalized service to shoppers around the world.
We are focused on building authentic personal relationships with our customers and offering them coveted products they cannot purchase elsewhere. We incorporate the pulse of the consumer by engaging with her through reviews, feedback and one-on-one interactions with our style advisors, fit experts and bridal concierge across the web, social media, and the Lulus' mobile app. Customers express their love for our brand on social media and by word-of-mouth (both in-person and online). We strive to provide opportunities for the customer to have an in-person connection with our products and the brand, through wholesale accounts with department stores and other brick and mortar retailers and in-person events.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $282.3M | $315.9M | $355.2M | $439.7M | $375.6M | $248.7M | $369.6M | — |
| Cost of revenue | $160.2M | $185.6M | $206.9M | $248.2M | $198.9M | $138.4M | $208.4M | — |
| Gross profit | $122.1M | $130.2M | $148.2M | $191.4M | $176.7M | $110.3M | $161.2M | — |
| SG&A | $68.1M | $81.3M | $92.1M | $99.1M | $87.7M | $67.2M | $73.4M | — |
| Operating income | -$12.6M | -$52.4M | -$20.2M | $8.7M | $22.3M | -$4.7M | $14.9M | — |
| Interest expense | $2.5M | $1.3M | $1.7M | $1.1M | $12.8M | $16.0M | $15.2M | — |
| Pre-tax income | -$13.5M | -$53.0M | -$21.0M | $7.8M | $8.3M | -$20.6M | -$24.0K | — |
| Income tax | $188.4K | $2.3M | $1.7M | $4.0M | $6.2M | $1.3M | $445.0K | — |
| Net income | -$13.7M | -$55.3M | -$19.3M | $3.7M | $2.0M | -$19.3M | -$469.0K | — |
| EPS, basic | -4.90 | -20.00 | -7.27 | 0.10 | -6.08 | -1.13 | -0.03 | — |
| EPS, diluted | -4.90 | -20.00 | -7.27 | 0.10 | -6.08 | -1.13 | -0.03 | — |
| Shares, diluted (wtd. avg.) | 2.8M | 2.8M | 2.7M | 38.9M | 20.2M | 17.5M | 17.5M | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $2.7M | $4.5M | $2.5M | $10.2M | $11.9M | $16.1M | $6.4M | $8.2M |
| Receivables | $1.7M | $2.2M | $3.5M | $3.9M | $5.6M | $3.8M | — | — |
| Inventory | $32.4M | $34.0M | $35.5M | $43.2M | $22.2M | $16.9M | — | — |
| Total current assets | $43.6M | $51.5M | $52.5M | $69.0M | $49.1M | $42.8M | — | — |
| Property, plant and equipment | $2.3M | $3.6M | $4.7M | $4.4M | $3.2M | $3.1M | — | — |
| Goodwill | $7.1M | $7.1M | $35.4M | $35.4M | $35.4M | $35.4M | — | — |
| Other intangibles | $2.7M | $2.8M | $3.3M | $3.1M | $2.2M | $2.3M | — | — |
| Total assets | $89.4M | $108.2M | $149.4M | $167.2M | $113.8M | $105.1M | — | — |
| Accounts payable | $8.3M | $11.0M | $8.9M | $5.3M | $4.2M | $7.2M | — | — |
| Short-term debt | — | — | — | — | — | $10.1M | — | — |
| Total current liabilities | $75.1M | $74.3M | $61.9M | $47.6M | $43.1M | $41.3M | — | — |
| Long-term debt | — | — | — | $25.0M | $25.0M | $96.9M | — | — |
| Total liabilities | $86.3M | $94.8M | $88.5M | $102.3M | $69.3M | $140.6M | — | — |
| Retained earnings | -$262.2M | -$248.5M | -$193.2M | -$173.9M | -$177.6M | -$179.6M | — | — |
| Total equity | $3.0M | $13.4M | $61.0M | $64.9M | $44.5M | -$169.0M | -$158.3M | -$159.8M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $1.4M | $2.6M | $15.4M | $6.2M | $26.9M | $4.9M | $11.9M | — |
| Depreciation and amortisation | $5.1M | $5.5M | $4.8M | $4.1M | $2.8M | $3.2M | $3.0M | — |
| Stock-based compensation | $4.5M | $8.1M | $17.7M | $16.1M | $13.7M | $9.1M | $2.0M | — |
| Capital expenditure | $350.0K | $1.3M | $1.9M | $2.5M | $1.4M | $700.0K | $2.2M | — |
| Investing cash flow | -$2.1M | -$2.9M | -$4.0M | -$5.1M | -$3.4M | -$1.9M | -$4.0M | — |
| Financing cash flow | -$1.0M | $2.2M | -$19.1M | -$2.8M | -$27.7M | $6.8M | -$9.7M | — |
| Buybacks | $886.0K | $496.0K | — | — | — | — | — | — |
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 0001104659-26-036884.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | $369.6M | $248.7M | $375.6M | $439.7M | $355.2M | $315.9M | $282.3M |
| Gross profit | — | $161.2M | $110.3M | $176.7M | $191.4M | $148.2M | $130.2M | $122.1M |
| Net income | — | -$469.0K | -$19.3M | $2.0M | $3.7M | -$19.3M | -$55.3M | -$13.7M |
Recent filings and events
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
- 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
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Delisting notice The exchange has told the company it no longer meets the rules for staying listed - usually price, market cap, or filings that are late. Item 3.01
- Results announced Item 2.02
- 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 Item 7.01
- 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
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.
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