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
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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

Ratios

Percentages worked out from the filed figures; debt to equity in times. 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
Margins
43.6% 44.4% 47.1% 43.5% 41.7% 41.2% 43.2%
4.0% −1.9% 5.9% 2.0% −5.7% −16.6% −4.5%
−0.0% −8.3% 2.2% 1.8% −5.9% −16.8% −4.8%
−0.1% −7.8% 0.5% 0.8% −5.4% −17.5% −4.9%
2.6% 1.7% 6.8% 0.8% 3.8% 0.4% 0.4%
Spending
19.9% 27.0% 23.4% 22.6% 25.9% 25.7% 24.1%
0.6% 0.3% 0.4% 0.6% 0.5% 0.4% 0.1%
n/a n/a 75.2% 52.1% n/a n/a n/a
Returns
n/a n/a 4.6% 5.7% −31.7% −413.6% −455.0%
n/a −18.4% 1.8% 2.2% −12.9% −51.1% −15.3%
Balance and payout
n/a n/a 0.56 0.39 n/a n/a n/a
n/a 133.8% 60.9% 61.2% 59.2% 87.6% 96.6%
n/a n/a n/a n/a n/a 38.1% 86.1%