Monitor Q1 2026 results to see if the company's aggressive reset of casual apparel and footwear categories impacts revenue trends as guided, and watch for shareholder approval of the authorized share reduction which could signal management's long-term confidence.
Price Chart
Executive Summary
Lulu's Fashion Lounge reported its fourth quarter and full year 2025 results, showing continued improvement in profitability with a 5% YoY revenue decline in Q4 but a significant 11% increase in gross profit and a third consecutive quarter of positive Adjusted EBITDA. The company also announced a proposed reduction in authorized shares from 250 million to 15 million, pending shareholder approval.
Key Financial Metrics
Key Facts
- Q4 2025 revenue was $63.0M, down 5% YoY, driven by an 11% decrease in orders partially offset by a 6% increase in average order value
- Q4 gross profit increased 11% to $27.9M with gross margin expanding 640 bps to 44.3%
- Q4 Adjusted EBITDA was $2.6M vs ($3.3M) in Q4 2024
- FY2025 revenue was $282.3M, down 11% YoY, with net loss of $13.7M vs $55.3M in 2024
- Company announced proposed reduction of authorized common shares from 250M to 15M, pending shareholder approval
- 2026 outlook calls for Adjusted EBITDA to turn positive vs negative $1.2M in 2025, with improved revenue trends
Financial Impact
Q4 revenue down 5% YoY to $63.0M, gross profit up 11% to $27.9M, Adjusted EBITDA positive at $2.6M
Risk Factors
- Revenue continues to decline YoY (-5% in Q4, -11% for full year)
- First quarter 2026 Adjusted EBITDA is expected to be negative
- Active customers declined 11% to 2.3M for full year 2025
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001104659-26-036850 |
| Document: lvlu-20260330x8k.htm | 0001104659-26-036850 |
| Document: 0001104659-26-036850-index-headers.html | 0001104659-26-036850 |
| Document: 0001104659-26-036850-index.html | 0001104659-26-036850 |
| Document: 0001104659-26-036850.txt | 0001104659-26-036850 |
| 8-K Data (Synthetic) | 0001104659-26-036850 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 12, 2026 10w ago | Press Release | $15.45 $10.65 | ▲ +31.10% | ▲ +29.35% | $11.21 (+27.44%) |
Aug 6, 2026 11w ago | 8-K | $18.26 $11.94 | ▼ −34.61% | ▼ −34.21% | $11.21 (−38.61%) |
Jul 31, 2026 12w ago | 8-K | $16.26 $14.15 | ▼ −12.99% | ▼ −15.98% | $11.21 (−31.07%) |
Jul 14, 2026 15w ago | 8-K | $9.29 $19.36 | ▲ +108.40% | ▲ +105.90% | $11.21 (+20.67%) |
Jul 2, 2026 16w ago | S-3 | $8.50 $16.73 | ▲ +96.82% | ▲ +97.24% | $11.21 (+31.88%) |
May 28, 2026 21w ago | 8-K | $9.41 $8.19 | ▲ +12.96% | ▲ +11.17% | $11.21 (−19.13%) |
Apr 23, 2026 26w ago | DEFA14A | $9.57 $9.35 | ▼ −2.25% | ▼ −6.27% | $11.21 (+17.20%) |
Apr 22, 2026 26w ago | Press Release | $9.81 | awaiting T+20 | — | $11.21 (+14.27%) |
Mar 30, 2026 30w ago | 8-K | $12.72 $10.16 | ▼ −20.17% | ▼ −29.59% | $11.21 (−11.87%) |
Mar 30, 2026 30w ago | Press Release | $12.72 $10.16 | ▼ −20.17% | ▼ −29.59% | $11.21 (−11.87%) |
US Market Status
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