Lovesac Co. Financials

LOVE

Source SEC Filings (10-K/10-Q) Updated Nov 2, 2025 Currency USD FYE February

Financial Health Signals

Financial Profile 28/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

Lovesac Co. has an operating margin of 2.0%, meaning the company retains $2 of operating profit per $100 of revenue. This below-average margin results in a low score of 10/100, suggesting thin profitability after operating expenses. This is down from 4.3% the prior year.

Growth

Lovesac Co.'s revenue declined 2.8% year-over-year, from $700.3M to $680.6M. This contraction results in a growth score of 21/100.

Leverage

Lovesac Co. has a moderate D/E ratio of 1.40. This balance of debt and equity financing earns a leverage score of 59/100.

Liquidity

Lovesac Co.'s current ratio of 1.60 indicates adequate short-term liquidity, earning a score of 44/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow

Lovesac Co.'s free cash flow margin of 2.6% results in a low score of 13/100. Capital expenditures of $21.0M absorb a large share of operating cash flow.

Returns

Lovesac Co. generates a 5.7% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 23/100. This is down from 11.6% the prior year.

Altman Z-Score Grey Zone

2.11

Lovesac Co. scores 2.11, placing it in the grey zone between 1.81 and 2.99. This signals moderate financial risk that warrants monitoring.

Piotroski F-Score Neutral

5/9

Lovesac Co. passes 5 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Cash-Backed

3.37x

For every $1 of reported earnings, Lovesac Co. generates $3.37 in operating cash flow ($39.0M OCF vs $11.6M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

This page shows Lovesac Co. (LOVE) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 8 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

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Key Financial Metrics

Revenue

$680.6M

YoY-2.8%

5Y CAGR+23.9%

Lovesac Co. generated $680.6M in revenue in fiscal year 2025. This represents a decrease of 2.8% from the prior year.

EBITDA

$27.9M

YoY-33.9%

Lovesac Co.'s EBITDA was $27.9M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 33.9% from the prior year.

Free Cash Flow

$18.0M

YoY-62.4%

Lovesac Co. generated $18.0M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 62.4% from the prior year.

Net Income

$11.6M

YoY-51.6%

Lovesac Co. reported $11.6M in net income in fiscal year 2025. This represents a decrease of 51.6% from the prior year.

EPS (Diluted)

$0.69

YoY-52.4%

Lovesac Co. earned $0.69 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 52.4% from the prior year.

Cash & Debt

$26.9M

YoY-62.8%

5Y CAGR-10.0%

Lovesac Co. held $26.9M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

15M

YoY-4.5%

5Y CAGR+0.4%

Lovesac Co. had 15M shares outstanding in fiscal year 2025. This represents a decrease of 4.5% from the prior year.

Gross Margin

58.5%

YoY+1.2pp

5Y CAGR+8.5pp

Lovesac Co.'s gross margin was 58.5% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 1.2 percentage points from the prior year.

Operating Margin

2.0%

YoY-2.3pp

5Y CAGR+8.8pp

Lovesac Co.'s operating margin was 2.0% in fiscal year 2025, reflecting core business profitability. This is down 2.3 percentage points from the prior year.

Net Margin

1.7%

YoY-1.7pp

5Y CAGR+8.2pp

Lovesac Co.'s net profit margin was 1.7% in fiscal year 2025, showing the share of revenue converted to profit. This is down 1.7 percentage points from the prior year.

Return on Equity

5.7%

YoY-5.9pp

Lovesac Co.'s ROE was 5.7% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 5.9 percentage points from the prior year.

R&D Spending

$8.4M

YoY+9.1%

Lovesac Co. invested $8.4M in research and development in fiscal year 2025. This represents an increase of 9.1% from the prior year.

Share Buybacks

$19.9M

Lovesac Co. spent $19.9M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

Capital Expenditures

$21.0M

YoY-26.8%

5Y CAGR+15.4%

Lovesac Co. invested $21.0M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 26.8% from the prior year.

LOVE Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$680.6M-2.8%	$700.3M+7.5%	$651.2M+30.7%	$498.2M+55.3%	$320.7M+37.4%	$233.4M
Cost of Revenue	$282.8M-5.5%	$299.2M-2.7%	$307.5M+36.9%	$224.7M+53.9%	$146.0M+25.1%	$116.7M
Gross Profit	$397.8M-0.8%	$401.0M+16.7%	$343.7M+25.6%	$273.5M+56.5%	$174.8M+49.8%	$116.7M
R&D Expenses	$8.4M+9.1%	$7.7M-8.3%	$8.4M	N/A	N/A	N/A
SG&A Expenses	$281.4M+6.5%	$264.3M+22.4%	$216.0M+35.0%	$160.0M+43.7%	$111.4M+13.5%	$98.1M
Operating Income	$13.6M-54.6%	$30.1M-18.6%	$37.0M-8.9%	$40.6M+172.7%	$14.9M+194.1%	-$15.8M
Interest Expense	N/A	$1.7M+1593.2%	-$117K+34.6%	-$179K-304.0%	$88K+20.1%	$73K
Income Tax	$4.9M-38.5%	$8.0M-23.2%	$10.4M+246.2%	-$7.1M-8343.0%	$86K+100.0%	$43K
Net Income	$11.6M-51.6%	$23.9M-9.9%	$26.5M-44.2%	$47.5M+222.5%	$14.7M+196.9%	-$15.2M
EPS (Diluted)	$0.69-52.4%	$1.45-12.7%	$1.66-43.9%	$2.96+208.3%	$0.96+189.7%	$-1.07

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'24	Q3'23
Revenue	$150.2M-6.5%	$160.5M+16.0%	$138.4M-7.7%	$149.9M-4.3%	$156.6M+18.1%	$132.6M-47.1%	$250.5M+62.6%	$154.0M
Cost of Revenue	$65.9M-5.7%	$69.9M+9.2%	$64.0M+2.8%	$62.3M-3.0%	$64.2M+6.0%	$60.6M-39.9%	$100.9M+53.8%	$65.6M
Gross Profit	$84.2M-7.0%	$90.6M+21.8%	$74.4M-15.1%	$87.6M-5.1%	$92.4M+28.2%	$72.0M-51.9%	$149.6M+69.2%	$88.4M
R&D Expenses	$2.3M+9.5%	$2.1M-4.5%	$2.2M-4.3%	$2.3M-4.2%	$2.4M+14.3%	$2.1M	N/A	N/A
SG&A Expenses	$75.0M+4.0%	$72.1M+7.4%	$67.1M-6.5%	$71.7M-2.6%	$73.7M+7.7%	$68.4M-10.4%	$76.3M+12.8%	$67.6M
Operating Income	-$15.8M-79.1%	-$8.8M+41.0%	-$15.0M-93.6%	-$7.7M+7.7%	-$8.4M+53.1%	-$17.9M-144.2%	$40.4M+1219.0%	-$3.6M
Interest Expense	N/A	N/A	N/A	N/A	N/A	$744K-5.3%	$786K+192.2%	$269K
Income Tax	-$5.0M-143.5%	-$2.1M+45.3%	-$3.8M-81.1%	-$2.1M-15.2%	-$1.8M+56.3%	-$4.2M-140.6%	$10.2M+1122.8%	-$999K
Net Income	-$10.6M-58.7%	-$6.7M+38.7%	-$10.8M-119.9%	-$4.9M+15.9%	-$5.9M+54.8%	-$13.0M-141.9%	$31.0M+1422.2%	-$2.3M
EPS (Diluted)	$-0.72-60.0%	$-0.45+38.4%	$-0.73-128.1%	$-0.32+15.8%	$-0.38+54.2%	$-0.83-143.5%	$1.91+1373.3%	$-0.15

LOVE Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$483.7M+1.4%	$477.2M+13.3%	$421.2M+15.8%	$363.6M+40.3%	$259.2M+119.5%	$118.1M
Current Assets	$181.5M-4.9%	$190.8M+5.1%	$181.5M-12.0%	$206.2M+47.1%	$140.2M+52.6%	$91.9M
Cash & Equivalents	$26.9M-62.8%	$72.4M+60.4%	$45.1M-29.9%	$64.4M-2.1%	$65.7M+44.6%	$45.5M
Inventory	N/A	N/A	N/A	N/A	$544K-50.4%	$1.1M
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$144K0.0%	$144K0.0%	$144K0.0%	$144K+0.3%	$144K0.0%	$144K
Total Liabilities	$282.5M+3.9%	$271.9M+17.2%	$232.0M+14.3%	$202.9M+36.6%	$148.5M+317.9%	$35.5M
Current Liabilities	$113.1M+7.1%	$105.5M+18.4%	$89.1M-10.3%	$99.4M+56.0%	$63.7M+97.4%	$32.3M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$201.2M-2.0%	$205.3M+8.5%	$189.3M+17.8%	$160.7M+45.2%	$110.7M+34.1%	$82.6M
Retained Earnings	$8.9M-58.3%	$21.4M+233.7%	$6.4M+145.4%	-$14.2M+76.9%	-$61.4M+29.1%	-$86.5M

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'24	Q3'23
Total Assets	$495.5M+0.4%	$493.7M+2.1%	$483.7M-3.2%	$499.7M+3.9%	$481.1M+0.8%	$477.2M-1.0%	$482.2M+10.5%	$436.3M
Current Assets	$186.0M-2.0%	$189.8M+4.6%	$181.5M-13.6%	$209.9M+8.1%	$194.2M+1.8%	$190.8M-11.0%	$214.4M+16.4%	$184.3M
Cash & Equivalents	$23.7M-30.6%	$34.2M+27.1%	$26.9M-56.4%	$61.7M-14.5%	$72.1M-0.3%	$72.4M-16.9%	$87.0M+130.6%	$37.7M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$144K0.0%	$144K0.0%	$144K0.0%	$144K0.0%	$144K0.0%	$144K0.0%	$144K0.0%	$144K
Total Liabilities	$306.2M+3.4%	$296.2M+4.9%	$282.5M-6.8%	$303.2M+8.7%	$278.9M+2.6%	$271.9M+2.7%	$264.7M+5.6%	$250.8M
Current Liabilities	$137.0M+9.5%	$125.1M+10.7%	$113.1M-19.9%	$141.1M+22.6%	$115.1M+9.0%	$105.5M-0.8%	$106.4M+0.4%	$105.9M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$189.3M-4.1%	$197.5M-1.9%	$201.2M+2.4%	$196.5M-2.8%	$202.1M-1.6%	$205.3M-5.6%	$217.5M+17.2%	$185.5M
Retained Earnings	-$8.2M-457.3%	$2.3M-74.2%	$8.9M+24.2%	$7.2M-53.8%	$15.6M-27.3%	$21.4M-37.7%	$34.4M+897.4%	$3.4M

LOVE Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$39.0M-49.0%	$76.4M+457.6%	-$21.4M-165.5%	$32.6M-19.4%	$40.5M+462.0%	-$11.2M
Capital Expenditures	$21.0M-26.8%	$28.7M+13.8%	$25.2M+72.7%	$14.6M+74.5%	$8.4M-18.5%	$10.3M
Free Cash Flow	$18.0M-62.4%	$47.7M+202.3%	-$46.6M-358.5%	$18.0M-43.9%	$32.1M+249.7%	-$21.5M
Investing Cash Flow	-$21.5M+26.3%	-$29.2M-14.3%	-$25.5M-69.0%	-$15.1M-67.0%	-$9.1M+15.0%	-$10.7M
Financing Cash Flow	-$20.8M-457.1%	-$3.7M-92.6%	-$1.9M+44.4%	-$3.5M-108.7%	-$1.7M-107.8%	$21.3M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$19.9M	$0	$0	N/A	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'24	Q3'23
Operating Cash Flow	-$4.9M-140.1%	$12.2M+129.4%	-$41.4M-881.7%	-$4.2M-168.2%	$6.2M+188.2%	-$7.0M-112.5%	$56.3M+879.9%	-$7.2M
Capital Expenditures	$5.3M+22.3%	$4.3M-49.5%	$8.6M+260.5%	$2.4M-60.8%	$6.1M-16.9%	$7.3M+7.5%	$6.8M-29.2%	$9.6M
Free Cash Flow	-$10.2M-230.0%	$7.8M+115.7%	-$50.0M-657.6%	-$6.6M-5641.2%	$119K+100.8%	-$14.3M-128.9%	$49.5M+394.7%	-$16.8M
Investing Cash Flow	-$5.5M-23.4%	-$4.5M+48.3%	-$8.7M-237.8%	-$2.6M+58.4%	-$6.2M+15.1%	-$7.3M-4.8%	-$7.0M+28.3%	-$9.7M
Financing Cash Flow	-$39K+89.7%	-$379K+94.4%	-$6.8M-85.4%	-$3.6M-1548.9%	-$221K+37.9%	-$356K-626.5%	-$49K-28.9%	-$38K
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$0	$0-100.0%	$6.0M+74.9%	$3.4M	$0	$0	$0	N/A

LOVE Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	58.5%+1.2pp	57.3%+4.5pp	52.8%-2.1pp	54.9%+0.4pp	54.5%+4.5pp	50.0%
Operating Margin	2.0%-2.3pp	4.3%-1.4pp	5.7%-2.5pp	8.1%+3.5pp	4.6%+11.4pp	-6.8%
Net Margin	1.7%-1.7pp	3.4%-0.7pp	4.1%-5.5pp	9.5%+4.9pp	4.6%+11.1pp	-6.5%
Return on Equity	5.7%-5.9pp	11.6%-2.4pp	14.0%-15.5pp	29.5%+16.2pp	13.3%	N/A
Return on Assets	2.4%-2.6pp	5.0%-1.3pp	6.3%-6.8pp	13.1%+7.4pp	5.7%+18.6pp	-12.9%
Current Ratio	1.60-0.2	1.81-0.2	2.04-0.0	2.07-0.1	2.20-0.6	2.85
Debt-to-Equity	1.40+0.1	1.32+0.1	1.23-0.0	1.26-0.1	1.34+0.9	0.43
FCF Margin	2.6%-4.2pp	6.8%+14.0pp	-7.2%-10.8pp	3.6%-6.4pp	10.0%+19.2pp	-9.2%

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'24	Q3'23
Gross Margin	56.1%-0.3pp	56.4%+2.7pp	53.8%-4.7pp	58.5%-0.5pp	59.0%+4.7pp	54.3%-5.4pp	59.7%+2.3pp	57.4%
Operating Margin	-10.5%-5.0pp	-5.5%+5.3pp	-10.8%-5.7pp	-5.1%+0.2pp	-5.3%+8.1pp	-13.5%-29.6pp	16.1%+18.5pp	-2.3%
Net Margin	-7.0%-2.9pp	-4.1%+3.7pp	-7.8%-4.5pp	-3.3%+0.5pp	-3.7%+6.0pp	-9.8%-22.1pp	12.4%+13.9pp	-1.5%
Return on Equity	16.3%	N/A	N/A	N/A	N/A	N/A	14.2%	N/A
Return on Assets	-2.1%-0.8pp	-1.4%+0.9pp	-2.2%-1.3pp	-1.0%+0.2pp	-1.2%+1.5pp	-2.7%-9.1pp	6.4%+7.0pp	-0.5%
Current Ratio	1.36-0.2	1.52-0.1	1.60+0.1	1.49-0.2	1.69-0.1	1.81-0.2	2.02+0.3	1.74
Debt-to-Equity	1.62+0.1	1.50+0.1	1.40-0.1	1.54+0.2	1.38+0.1	1.32+0.1	1.22-0.1	1.35
FCF Margin	-6.8%-11.7pp	4.9%+41.0pp	-36.1%-31.7pp	-4.4%-4.5pp	0.1%+10.9pp	-10.8%-30.6pp	19.8%+30.7pp	-10.9%

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Frequently Asked Questions

What is Lovesac Co.'s annual revenue?

Lovesac Co. (LOVE) reported $680.6M in total revenue for fiscal year 2025. This represents a -2.8% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Lovesac Co.'s revenue growing?

Lovesac Co. (LOVE) revenue declined by 2.8% year-over-year, from $700.3M to $680.6M in fiscal year 2025.

Is Lovesac Co. profitable?

Yes, Lovesac Co. (LOVE) reported a net income of $11.6M in fiscal year 2025, with a net profit margin of 1.7%.

What is Lovesac Co.'s earnings per share (EPS)?

Lovesac Co. (LOVE) reported diluted earnings per share of $0.69 for fiscal year 2025. This represents a -52.4% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

What is Lovesac Co.'s EBITDA?

Lovesac Co. (LOVE) had EBITDA of $27.9M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

What is Lovesac Co.'s gross margin?

Lovesac Co. (LOVE) had a gross margin of 58.5% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Lovesac Co.'s operating margin?

Lovesac Co. (LOVE) had an operating margin of 2.0% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Lovesac Co.'s net profit margin?

Lovesac Co. (LOVE) had a net profit margin of 1.7% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Lovesac Co.'s return on equity (ROE)?

Lovesac Co. (LOVE) has a return on equity of 5.7% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Lovesac Co.'s free cash flow?

Lovesac Co. (LOVE) generated $18.0M in free cash flow during fiscal year 2025. This represents a -62.4% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Lovesac Co.'s operating cash flow?

Lovesac Co. (LOVE) generated $39.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Lovesac Co.'s total assets?

Lovesac Co. (LOVE) had $483.7M in total assets as of fiscal year 2025, including both current and long-term assets.

What are Lovesac Co.'s capital expenditures?

Lovesac Co. (LOVE) invested $21.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How much does Lovesac Co. spend on research and development?

Lovesac Co. (LOVE) invested $8.4M in research and development during fiscal year 2025.

Does Lovesac Co. buy back shares?

Yes, Lovesac Co. (LOVE) spent $19.9M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does Lovesac Co. have outstanding?

Lovesac Co. (LOVE) had 15M shares outstanding as of fiscal year 2025.

What is Lovesac Co.'s current ratio?

Lovesac Co. (LOVE) had a current ratio of 1.60 as of fiscal year 2025, which is generally considered healthy.

What is Lovesac Co.'s debt-to-equity ratio?

Lovesac Co. (LOVE) had a debt-to-equity ratio of 1.40 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Lovesac Co.'s return on assets (ROA)?

Lovesac Co. (LOVE) had a return on assets of 2.4% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Lovesac Co.'s Altman Z-Score?

Lovesac Co. (LOVE) has an Altman Z-Score of 2.11, placing it in the Grey Zone (moderate risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is Lovesac Co.'s Piotroski F-Score?

Lovesac Co. (LOVE) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Lovesac Co.'s earnings high quality?

Lovesac Co. (LOVE) has an earnings quality ratio of 3.37x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Lovesac Co.?

Lovesac Co. (LOVE) scores 28 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.