LVLUNasdaqRetail-Catalog & Mail-Order HousesFiscal year ends January 3
Lulu's Fashion Lounge Holdings, Inc.
Financials through Q2 FY2026, quarter ended Jun 28, 2026Last filing: 10-Q on Aug 12, 2026
$13.26−2.06 (-13.45%)
Close on Oct 19, 2026
- Market cap
- $37.98M
- P/E (TTM)
- –
- Dividend yield
- 0.00%
Margins
Share of revenue, fiscal years 2018 to 2025
Gross margin
43.2%−1.1 pts over 5 years
Operating margin
-4.5%−2.6 pts over 5 years
Net margin
-4.9%+2.9 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | -10.6% | -13.7% | +2.6% | – | |
| Gross profit | -6.3% | -13.9% | +2.0% | – | |
| Free cash flow | -20.9% | -34.7% | -24.4% | – |
Returns and balance sheet
8 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2018 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | 11.8% | -167.4% | |
| Return on assets | – | – | -13.9% | |
| Current ratio | – | 1.04 | 0.58 | |
| Interest coverage | – | -0.3× | -5.1× | |
| Inventory turnover | – | – | 4.8× | |
| Capex to revenue | – | 0.3% | 0.1% | |
| Diluted shares | – | 1M | 3M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Lulu's Fashion Lounge generated $52.50M from operations and spent $8.87M on capital expenditure, dividends and share buybacks. 84% of that went back into the business.
Generated
$52.50M
Used
$8.87M
Capital expenditure$7.49M84%Dividends$00%Share buybacks$1.38M16%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin-4.9%
×Asset turnover2.86×
×Equity multiplier12.06×
=Return on equity, FY2025-167.4%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | -4.9% | 2.86× | 12.06× | -167.4% |
| FY2024 | -17.5% | 2.45× | 3.47× | -148.8% |
| FY2023 | -5.4% | 2.24× | 2.52× | -30.7% |
| FY2022 | 0.8% | 3.13× | 2.57× | 6.8% |
| FY2021 | 0.5% | 3.43× | -1.76× | -3.3% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
5of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero-$13.71M
- Cash generatingOperating cash flow above zero$1.38M
- Return on assets improvedROA up on the prior year-37.0% → -12.7%
- Earnings backed by cashOperating cash flow above net income$1.38M vs -$13.71M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose0.69 → 0.58
- No dilutionShare count did not rise3M → 3M
- Gross margin improvedGross margin up on the prior year41.23% → 43.24%
- More efficientAsset turnover rose2.11 → 2.61