Lulu's Fashion Lounge Holdings, Inc. income statement
In fiscal 2025, Lulu's Fashion Lounge Holdings, Inc. reported revenue of $282m, down 10.6% on the year before, operating income of −$12.6m (a -4.5% margin) and net income of −$13.7m, or −$4.90 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2019Dec 2019 | 2020Jan 2021 | 2021Jan 2022 | 2022Jan 2023 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 370 | 249 | 376 | 440 | 355 | 316 | 282 | 262 |
| Cost of revenue | 208 | 138 | 199 | 248 | 207 | 186 | 160 | 144 |
| Gross profit | 161 | 110 | 177 | 191 | 148 | 130 | 122 | 118 |
| Selling and marketing | 73 | 48 | 67 | 84 | 76 | 73 | 67 | 61 |
| General and administrative | 73 | 67 | 88 | 99 | 92 | 81 | 68 | 64 |
| Operating income | 15 | −5 | 22 | 9 | −20 | −52 | −13 | −7 |
| Interest expense | 15 | 16 | 13 | 1 | 2 | 1 | 2 | 2 |
| Income before tax | −0 | −21 | 8 | 8 | −21 | −53 | −14 | −8 |
| Income tax | 0 | −1 | 6 | 4 | −2 | 2 | 0 | 0 |
| Net income | −0 | −19 | 2 | 4 | −19 | −55 | −14 | −8 |
| Diluted EPS | −$0.23 | −$8.47 | −$45.60 | $1.50 | −$7.27 | −$20.00 | −$4.90 | −$2.93 |
| Diluted shares (average) | 2m | 2m | 3m | 3m | 3m | 3m | 3m | 3m |
| EBITDA | 18 | −1 | 25 | 13 | −15 | −47 | −8 | −2 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 81 | 66 | 64 | 82 | 74 | 63 | 58 | 68 |
| Cost of revenue | 50 | 41 | 38 | 45 | 42 | 35 | 32 | 35 |
| Gross profit | 31 | 25 | 26 | 37 | 31 | 28 | 26 | 33 |
| Selling and marketing | 18 | 13 | 16 | 22 | 17 | 12 | 14 | 18 |
| General and administrative | 20 | 19 | 18 | 18 | 16 | 16 | 15 | 16 |
| Operating income | −7 | −35 | −8 | −3 | −2 | 0 | −4 | −1 |
| Interest expense | 0 | 0 | 1 | 1 | 1 | 0 | 0 | 0 |
| Income before tax | −7 | −35 | −8 | −3 | −2 | −0 | −4 | −1 |
| Income tax | 0 | −3 | −0 | 0 | 0 | 0 | 0 | −0 |
| Net income | −7 | −32 | −8 | −3 | −2 | −0 | −4 | −1 |
| Diluted EPS | −$2.47 | −$11.51 | −$2.86 | −$1.08 | −$0.84 | −$0.11 | −$1.44 | −$0.52 |
| EBITDA | −5 | −34 | −7 | −1 | −1 | 1 | −2 | −0 |
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