Lulu's Fashion Lounge Holdings, Inc.
For the period ended Sep 28, 2025. Filed Nov 12, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 28, 2025 · Filed Nov 12, 2025
LVLU$10.78+1.9%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Balance Sheets
(in thousands, except share and per share amounts)
| | | | | | | |
|---|---|---|---|---|---|---|
| · September 28, · December 29, | ||||||
| · · 2025 · · 2024 | ||||||
| Assets | | | | | | |
| Current assets: · · | ||||||
| Cash and cash equivalents | | $1,942 | | $4,460 | ||
| Accounts receivable | | 4,739 | | 2,158 | ||
| Inventory, net | | 38,422 | | 34,036 | ||
| Assets for recovery | | 5,225 | | 2,383 | ||
| Income tax refund receivable, net | | 1,178 | | 4,177 | ||
| Prepaids and other current assets | | 4,251 | | 4,287 | ||
| Total current assets | | 55,757 | | 51,501 | ||
| Property and equipment, net | | 2,649 | | 3,642 | ||
| Goodwill | | 7,056 | | 7,056 | ||
| Tradename | | 18,509 | | 18,509 | ||
| Intangible assets, net | | 2,728 | | 2,762 | ||
| Lease right-of-use assets | | | 15,999 | | | 24,030 |
| Other noncurrent assets | | 644 | | 698 | ||
| Total assets | | $103,342 | | $108,198 | ||
| | | | | | | |
| Liabilities and Stockholders' Equity | | | ||||
| Current liabilities: | | | ||||
| Accounts payable | | $18,341 | | $10,991 | ||
| Accrued expenses and other current liabilities | | 15,718 | | 15,985 | ||
| Returns reserve | | 18,363 | | 9,765 | ||
| Stored-value card liability | | 20,165 | | 17,883 | ||
| Asset based revolving credit facility - current | | | 9,198 | | — | |
| Revolving line of credit | | | — | | | 13,090 |
| Lease liabilities, current | | | 6,378 | | | 6,611 |
| Total current liabilities | | 88,163 | | 74,325 | ||
| Lease liabilities, noncurrent | | | 11,761 | | | 19,653 |
| Other noncurrent liabilities | | 899 | | 852 | ||
| Total liabilities | | 100,823 | | 94,830 | ||
| Commitments and Contingencies (Note 7) | | | ||||
| | | | | | | |
| Stockholders' equity: | | | | | ||
| Preferred stock: $0.001 par value, 10,000,000 shares authorized, and no shares issued or outstanding | | — | | — | ||
| Common stock: $0.001 par value, 250,000,000 shares authorized; 2,901,867 and 2,804,542 shares issued and outstanding as of September 28, 2025 and December 29, 2024, respectively(1) | | 43 | | 42 | ||
| Additional paid-in capital | | 265,659 | | 262,313 | ||
| Accumulated deficit | | (261,801) | | (248,491) | ||
| Treasury stock, at cost, 146,555 shares and 22,621 shares as of September 28, 2025 and December 29, 2024, respectively(1) | | | (1,382) | | | (496) |
| Total stockholders' equity | | 2,519 | | 13,368 | ||
| Total liabilities and stockholders' equity | | $103,342 | | $108,198 | ||
| (1) | Shares have been adjusted to reflect the 1-for-15 reverse stock split that became effective as of the opening of business on July 7, 2025. Refer to Note 2, Significant Accounting Policies in the accompanying Notes to the Condensed Consolidated Financial Statements for additional details. |
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