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LOVE

The Lovesac Company

LOVE

The Lovesac Company • NASDAQ
$14.35 ▲ 2.43% (+0.34)
Market Cap $209.66 M
52w High $39.49
52w Low $11.26
Dividend Yield 0%
P/E 20.21
Volume 79.32K
Outstanding Shares 14.61M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q2-2026 $160.53M ▲ $72.114M ▼ $-6.65M ▲ -4.143% ▲ $-0.45 ▲ $-2.814M ▲
Q1-2026 $138.373M ▼ $89.324M ▼ $-10.84M ▼ -7.834% ▼ $-0.73 ▼ $-11.341M ▼
Q4-2025 $241.49M ▲ $98.184M ▲ $35.307M ▲ 14.62% ▲ $2.31 ▲ $51.384M ▲
Q3-2025 $149.905M ▼ $95.362M ▼ $-4.93M ▲ -3.289% ▲ $-0.32 ▲ $-4.057M ▲
Q2-2025 $156.59M $100.74M $-5.861M -3.743% $-0.38 $-4.615M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q2-2026 $34.191M ▲ $493.709M ▲ $296.248M ▲ $197.461M ▼
Q1-2026 $26.9M ▼ $483.74M ▼ $282.526M ▼ $201.214M ▼
Q4-2025 $83.734M ▲ $532.25M ▲ $315.895M ▲ $216.355M ▲
Q3-2025 $61.691M ▼ $499.714M ▲ $303.218M ▲ $196.496M ▼
Q2-2025 $72.126M $481.075M $278.933M $202.142M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q1-2026 $-10.84M ▼ $-41.377M ▼ $-8.701M ▼ $-6.756M ▲ $-56.834M ▼ $-50.078M ▼
Q4-2025 $35.307M ▲ $44.023M ▲ $-5.439M ▼ $-16.541M ▼ $22.043M ▲ $38.584M ▲
Q3-2025 $-4.93M ▲ $-4.215M ▼ $-2.576M ▲ $-3.644M ▼ $-10.435M ▼ $-6.791M ▼
Q2-2025 $-5.861M ▲ $6.183M ▲ $-6.198M ▲ $-221K ▲ $-236K ▲ $-15K ▲
Q1-2025 $-12.96M $-7.014M $-7.304M $-356K $-14.674M $-14.318M

Revenue by Products

Product Q2-2025Q3-2025Q4-2025Q2-2026
Other Operating Segment
Other Operating Segment
 $0 ▲$0 ▲$0 ▲$0 ▲
Sacs
Sacs
 $10.00M ▲$10.00M ▲$0 ▼$10.00M ▲
Sactionals
Sactionals
 $140.00M ▲$140.00M ▲$0 ▼$150.00M ▲
Sacs Member
Sacs Member
 $0 ▲$0 ▲$50.00M ▲$0 ▼
Sactionals Member
Sactionals Member
 $0 ▲$0 ▲$620.00M ▲$0 ▼

Five-Year Company Overview

Income Statement

Income Statement Revenue has grown strongly over the past several years, but most recently it appears to have flattened and even dipped slightly after a big run-up. Gross profit remains healthy, suggesting the core product still commands decent pricing and margin. Operating and net income are consistently positive, which is unusual for a relatively young, growth-oriented consumer brand. However, earnings peaked a couple of years ago and have trended down since, hinting at rising costs, heavier marketing, or more discounting to support growth. Overall, this is a profitable business with solid unit economics, but it seems to be moving from a “fast growth, expanding profit” phase into a more mature, cost-management phase where margin preservation becomes key.

Balance Sheet

Balance Sheet The balance sheet has expanded steadily, with total assets and shareholders’ equity both increasing over time, which typically reflects a business that is reinvesting for growth. The company now carries a meaningful amount of debt compared with earlier years when it had essentially none. That shifts the profile from “asset-light and debt-free” toward “moderately leveraged,” which can be efficient but adds financial risk if sales slow. Cash levels look adequate but not overly conservative, so there is some cushion, yet not a large war chest. In short, the financial position appears sound but more dependent on continued healthy operations and prudent debt management than in the early years.

Cash Flow

Cash Flow Cash generation is generally positive, but not perfectly smooth. Operating cash flow has been solid in most years, with one year of backsliding where the business consumed cash instead of generating it. Free cash flow shows a similar pattern: mostly positive, with a temporary dip into negative territory. Capital spending is relatively modest and predictable, so swings in cash flow seem more tied to working capital and the ups and downs of growth rather than big, one-off investments. Overall, the company tends to fund itself from its own operations, but investors should expect some volatility in cash flow rather than a perfectly steady stream.

Competitive Edge

Competitive Edge Lovesac occupies a differentiated niche in a crowded furniture market. Its modular Sactionals stand apart from traditional sofas by focusing on flexibility, durability, and the ability to reconfigure over time. The integration of hidden audio and charging features, and the promise that older pieces remain compatible with new components, deepens this differentiation. The brand leans heavily on a direct-to-consumer, showroom-plus-online model, supporting higher margins and better customer data than many traditional retailers enjoy. Partnerships with big-box retailers add reach without diluting the brand too much. Customer loyalty appears strong, with a large share of repeat buyers. The main vulnerability is that furniture is highly discretionary and cyclical, and competitors can still imitate aspects of the concept, even if not all of the technology and ecosystem.

Innovation and R&D

Innovation and R&D Innovation is the core of Lovesac’s strategy rather than a side activity. The Sactionals platform itself is an ongoing R&D project: new shapes, arms, backs, fabrics, and functional add-ons keep the system fresh and encourage customers to upgrade instead of replace. StealthTech is a notable technology play, blending home audio and wireless charging into the furniture, which is rare in this category. The company emphasizes reverse compatibility and sustainability, essentially treating furniture as a long-lived, upgradable system rather than a disposable item. Future improvements to the audio platform, smart-home integration, and sustainable materials are important watchpoints. The opportunity is to deepen the ecosystem and monetization per household; the risk is that R&D and marketing spend may stay high while competitors respond with lower-priced alternatives or their own “tech furniture” concepts.

Summary

Lovesac has evolved from a niche concept into a profitable, growing brand with a clear identity built around modular, tech-enabled, and long-lasting furniture. The income statement shows a business that is still growing but facing some pressure on earnings as it scales and competes more aggressively. The balance sheet and cash flows indicate a generally solid financial base, now supported by moderate debt and mostly self-funded growth. Competitively, the company leverages a focused product line, strong branding, and a direct-to-consumer model to defend a differentiated position. Its heavy emphasis on innovation—both in design and embedded technology—creates a real moat, but also requires ongoing investment and careful execution. Overall, the story is of a disruptor transitioning from early high-growth momentum into a more mature phase where maintaining margins, extending the product ecosystem, and managing financial discipline become increasingly important.

NEWS

November 26, 2025 · 7:00 AM UTC

The Lovesac Company Announces Third Quarter Conference Call Date

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November 20, 2025 · 7:00 AM UTC

The Lovesac Company Appoints Wan Ling Martello to Its Board of Directors

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October 21, 2025 · 4:05 PM UTC

The Lovesac Company Appoints Jacob Pat as Chief Technology and Digital Transformation Officer

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October 21, 2025 · 9:00 AM UTC

Lovesac Expands Its PillowSac Chair Line with the New PillowSac Chair Jr. -- Big Comfort, Now for Every Space

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October 1, 2025 · 4:05 PM UTC

The Lovesac Company Announces Participation in Upcoming Investor Conference

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