Lulu's Fashion Lounge Holdings, Inc.

For the period ended Dec 28, 2025. Filed Mar 30, 2026.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2025 · Filed Mar 30, 2026

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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Contents

Consolidated Balance Sheets

(in thousands, except share and per share amounts)


· · December 28, · · December 29,
· · 2025 · · 2024
Assets
Current assets: · · · ·
Cash and cash equivalents	$2,661	$4,460
Accounts receivable	1,712	2,158
Inventory, net	32,444	34,036
Assets for recovery	2,197	2,383
Income tax refund receivable, net	1,028	4,177
Prepaids and other current assets	3,606	4,287
Total current assets	43,648	51,501
Property and equipment, net	2,311	3,642
Goodwill	7,056	7,056
Tradename	18,509	18,509
Intangible assets, net	2,680	2,762
Lease right-of-use assets	14,521	24,030
Other noncurrent assets	639	698
Total assets	$89,364	$108,198

Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable	$8,340	$10,991
Accrued expenses and other current liabilities	17,411	15,985
Returns reserve	10,289	9,765
Stored-value card liability	18,231	17,883
Asset based revolving credit facility – current	14,390	—
Revolving line of credit	—	13,090
Lease liabilities, current	6,402	6,611
Total current liabilities	75,063	74,325
Lease liabilities, noncurrent	10,389	19,653
Other noncurrent liabilities	898	852
Total liabilities	86,350	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; 2,971,729 and 2,804,542 shares issued and outstanding as of December 28, 2025 and December 29, 2024, respectively(1)	43	42
Additional paid-in capital	266,557	262,313
Accumulated deficit	(262,204)	(248,491)
Treasury stock, at cost, 146,555 shares and 22,621 shares as of December 28, 2025 and December 29, 2024, respectively(1)	(1,382)	(496)
Total stockholders' equity	3,014	13,368
Total liabilities and stockholders' equity	$89,364	$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 8, Stockholder’s Equity in the accompanying Notes to the Consolidated Financial Statements for additional details.

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.