InsiderClue
Stocks · Consumer discretionary · Retail-Catalog & Mail-Order Houses

Lulu's Fashion Lounge Holdings, Inc.

LVLU Clue Score27
United States Fiscal year ends January CIK 0001780201
$12.05 -1.23% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $12.05 +440.36% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 11 Nov 2021. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2019Revenue369.6Operating income14.9Net income−0.5EPS, diluted−0.03Fiscal year 2021Revenue248.7 −32.7%Operating income−4.7Net income−19.3EPS, diluted−1.13Fiscal year 2022Revenue375.6 +51.1%Operating income22.3Net income2.0EPS, diluted−6.08Fiscal year 2023Revenue439.7 +17.0%Operating income8.7Net income3.7 +82.2%EPS, diluted0.10Fiscal year 2023Revenue355.2 −19.2%Operating income−20.2Net income−19.3 −619.0%EPS, diluted−7.27Fiscal year 2024Revenue315.9 −11.1%Operating income−52.4Net income−55.3EPS, diluted−20.00Fiscal year 2025Revenue282.3 −10.6%Operating income−12.6Net income−13.7EPS, diluted−4.90
FY2019FY2021FY2022FY2023FY2023FY2024FY2025
Revenue 369.6 248.7 375.6 439.7 355.2 315.9 282.3
Growth −32.7% +51.1% +17.0% −19.2% −11.1% −10.6%
Operating income 14.9 −4.7 22.3 8.7 −20.2 −52.4 −12.6
Net income −0.5 −19.3 2.0 3.7 −19.3 −55.3 −13.7
Growth +82.2% −619.0%
EPS, diluted −0.03 −1.13 −6.08 0.10 −7.27 −20.00 −4.90

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2019Gross margin43.6%Operating margin4.0%Net margin−0.1%Free cash flow margin2.6%Fiscal year 2021Gross margin44.4%Operating margin−1.9%Net margin−7.8%Free cash flow margin1.7%Fiscal year 2022Gross margin47.1%Operating margin5.9%Net margin0.5%Free cash flow margin6.8%Fiscal year 2023Gross margin43.5%Operating margin2.0%Net margin0.8%Free cash flow margin0.8%Fiscal year 2023Gross margin41.7%Operating margin−5.7%Net margin−5.4%Free cash flow margin3.8%Fiscal year 2024Gross margin41.2%Operating margin−16.6%Net margin−17.5%Free cash flow margin0.4%Fiscal year 2025Gross margin43.2%Operating margin−4.5%Net margin−4.9%Free cash flow margin0.4%
FY2019FY2021FY2022FY2023FY2023FY2024FY2025
Gross margin 43.6% 44.4% 47.1% 43.5% 41.7% 41.2% 43.2%
Operating margin 4.0% −1.9% 5.9% 2.0% −5.7% −16.6% −4.5%
Net margin −0.1% −7.8% 0.5% 0.8% −5.4% −17.5% −4.9%
Free cash flow margin 2.6% 1.7% 6.8% 0.8% 3.8% 0.4% 0.4%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2019Operating cash flow11.9Capital expenditure−2.2Free cash flow9.7Fiscal year 2021Operating cash flow4.9Capital expenditure−0.7Free cash flow4.2 −57.0%Fiscal year 2022Operating cash flow26.9Capital expenditure−1.4Free cash flow25.4 +512.3%Fiscal year 2023Operating cash flow6.2Capital expenditure−2.5Free cash flow3.7 −85.5%Fiscal year 2023Operating cash flow15.4Capital expenditure−1.9Free cash flow13.5 +267.2%Fiscal year 2024Operating cash flow2.6Capital expenditure−1.3Free cash flow1.3 −90.4%Buybacks−0.5Fiscal year 2025Operating cash flow1.4Capital expenditure−0.4Free cash flow1.0 −20.9%Buybacks−0.9
FY2019FY2021FY2022FY2023FY2023FY2024FY2025
Operating cash flow 11.9 4.9 26.9 6.2 15.4 2.6 1.4
Capital expenditure −2.2 −0.7 −1.4 −2.5 −1.9 −1.3 −0.4
Free cash flow 9.7 4.2 25.4 3.7 13.5 1.3 1.0
Growth −57.0% +512.3% −85.5% +267.2% −90.4% −20.9%
Buybacks n/a n/a n/a n/a n/a −0.5 −0.9

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2019Cash5.9Shareholders’ equity−158.3Fiscal year 2021Cash15.6Total debt107.0Net cash (debt)−91.4Shareholders’ equity−169.0Fiscal year 2022Cash11.4Total debt25.0Net cash (debt)−13.6Shareholders’ equity44.5Debt to equity0.56Fiscal year 2023Cash10.2Total debt25.0Net cash (debt)−14.8Shareholders’ equity64.9Debt to equity0.39Fiscal year 2023Cash2.5Shareholders’ equity61.0Fiscal year 2024Cash4.5Shareholders’ equity13.4Fiscal year 2025Cash2.7Shareholders’ equity3.0
FY2019FY2021FY2022FY2023FY2023FY2024FY2025
Cash 5.9 15.6 11.4 10.2 2.5 4.5 2.7
Total debt n/a 107.0 25.0 25.0 n/a n/a n/a
Net cash (debt) n/a −91.4 −13.6 −14.8 n/a n/a n/a
Shareholders’ equity −158.3 −169.0 44.5 64.9 61.0 13.4 3.0
Debt to equity n/a n/a 0.56 0.39 n/a n/a n/a

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2019 29 Dec 2019 FY2021 3 Jan 2021 FY2022 2 Jan 2022 FY2023† 1 Jan 2023 FY2023† 31 Dec 2023 FY2024 29 Dec 2024 FY2025 28 Dec 2025
Revenue and profit
369.6 248.7 375.6 439.7 355.2 315.9 282.3
Growth −32.7% +51.1% +17.0% −19.2% −11.1% −10.6%
208.4 138.4 198.9 248.2 206.9 185.6 160.2
161.2 110.3 176.7 191.4 148.2 130.2 122.1
Growth −31.6% +60.2% +8.3% −22.6% −12.1% −6.3%
73.4 67.2 87.7 99.1 92.1 81.3 68.1
14.9 −4.7 22.3 8.7 −20.2 −52.4 −12.6
Growth −131.3% −60.9% −331.3%
−0.0 −20.6 8.3 7.8 −21.0 −53.0 −13.5
0.4 −1.3 6.2 4.0 −1.7 2.3 0.2
−0.5 −19.3 2.0 3.7 −19.3 −55.3 −13.7
Growth +82.2% −619.0%
Per share
−0.03 −1.13 −6.08 0.10 −7.27 −20.00 −4.90
−0.03 −1.13 −6.08 0.10 −7.27 −20.00 −4.90
Growth −7,370.0%
17.5 17.5 20.2 38.6 2.7 2.8 2.8
17.5 17.5 20.2 38.9 2.7 2.8 2.8
Growth +0.0% +15.8% +92.1% −93.2% +4.0% +1.3%

† The diluted share count jumps at 2023 and 2023, so per-share figures either side of that column are not comparable. Usually a split, but the break lands on the restatement boundary rather than on the split date, because every column is that period’s latest filing.

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 2.6% a year over five years.
  • Operating margin is down 2.6 points on five years ago, at -4.5%.
  • A net loss in 5 of 7 years on file.