Lulu's Fashion Lounge Holdings, Inc.
For the period ended Dec 28, 2025. Filed Mar 30, 2026.
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FY2025 · Filed Mar 30, 2026
LVLU$11.55+7.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
Consolidated Statements of Cash Flows
(in thousands)
| | | | | | | | | | |
|---|---|---|---|---|---|---|---|---|---|
| · · Fiscal Years Ended | |||||||||
| · · December 28, · · December 29, · · December 31, | |||||||||
| · · 2025 · · 2024 · · 2023 | |||||||||
| · · (52 weeks) · · (52 weeks) · · (52 weeks) | |||||||||
| Cash Flows from Operating Activities · · · · · · · · | |||||||||
| Net loss | | $(13,713) | $(55,286) | | $(19,334) | ||||
| Adjustments to reconcile net loss to net cash provided by operating activities: | | | | | | | | ||
| Depreciation and amortization | | 5,114 | | 5,480 | | | 4,819 | ||
| Noncash lease expense | | | 4,518 | | | 4,069 | | | 3,663 |
| Gain on lease modification | | | (92) | | | — | | | — |
| Gain on lease termination | | | (229) | | | — | | | — |
| Amortization of debt discount and debt issuance costs | | 544 | | 159 | | | 156 | ||
| Loss on disposal of property and equipment | | 2 | | 276 | | | 19 | ||
| Equity-based compensation expense | | 4,481 | | | 8,090 | | | 17,694 | |
| Deferred income taxes | | — | | 3,802 | | | (2,539) | ||
| Goodwill impairment | | | — | | | 28,374 | | | — |
| Changes in operating assets and liabilities: | | | | | | | | ||
| Accounts receivable | | 446 | | 1,384 | | | 366 | ||
| Inventories | | 1,592 | | 1,436 | | | 7,714 | ||
| Assets for recovery | | 186 | | 728 | | | 779 | ||
| Income taxes (receivable) payable | | 3,149 | | (832) | | | 2,752 | ||
| Prepaid and other current assets | | 101 | | 1,068 | | | (1,803) | ||
| Accounts payable | | (2,658) | | 2,141 | | | 3,580 | ||
| Accrued expenses and other current liabilities | | 2,190 | | 4,832 | | | 918 | ||
| Operating lease liabilities | | | (4,299) | | | (3,488) | | | (3,317) |
| Other noncurrent liabilities | | 47 | | 368 | | | (46) | ||
| Net cash provided by operating activities | | 1,379 | | 2,601 | | | 15,421 | ||
| Cash Flows from Investing Activities | | | | | | | | ||
| Capitalized software development costs | | (1,816) | | (1,574) | | | (2,055) | ||
| Purchases of property and equipment | | (350) | | (1,300) | | | (1,880) | ||
| Other | | 35 | | — | | | (68) | ||
| Net cash used in investing activities | | (2,131) | | (2,874) | | | (4,003) | ||
| Cash Flows from Financing Activities | | | | | | | | ||
| Proceeds from borrowings on revolving line of credit | | — | | 33,090 | | | 13,000 | ||
| Repayments on revolving line of credit | | (13,090) | | (28,000) | | | (30,000) | ||
| Proceeds from borrowings on Asset Based Revolving Credit Facility | | | 115,102 | | | — | | | — |
| Repayments on Asset Based Revolving Credit Facility | | | (100,712) | | | — | | | — |
| Proceeds from issuance of common stock under ESPP | | | 69 | | | 239 | | | 487 |
| Principal payments on finance lease obligations | | | (1,290) | | | (1,365) | | | (983) |
| Withholding tax payments related to vesting of RSUs and 2023 Bonus Plan | | | (240) | | | (1,241) | | | (1,629) |
| Repurchase of common stock | | | (886) | | | (496) | | | — |
| Other | | — | | — | | | (6) | ||
| Net cash provided by (used in) financing activities | | (1,047) | | 2,227 | | | (19,131) | ||
| Net increase (decrease) in cash and cash equivalents | | (1,799) | | 1,954 | | | (7,713) | ||
| Cash and cash equivalents at beginning of period | | 4,460 | | 2,506 | | | 10,219 | ||
| Cash and cash equivalents at end of period | | $2,661 | | $4,460 | | $2,506 | |||
| | | | | | | (Continued) | |||
Consolidated Statements of Cash Flows
(in thousands)
| | | | | | | | | | |
|---|---|---|---|---|---|---|---|---|---|
| · · Fiscal Years Ended | |||||||||
| · · December 28, · · December 29, · · December 31, | |||||||||
| · · 2025 · · 2024 · · 2023 | |||||||||
| · · (52 weeks) · · (52 weeks) · · (52 weeks) | |||||||||
| Supplemental Disclosure | | | | | | | | | |
| Cash paid (refunded) during the period for: | | | | | | | | | |
| Income taxes, net | | $(3,007) | | $(1,004) | | $(1,947) | |||
| Interest | | $1,864 | | $1,051 | | $1,632 | |||
| Operating leases | | $5,267 | | $5,148 | | $5,191 | |||
| Finance leases | | $1,340 | | $1,455 | | $1,111 | |||
| | | | | | | | | | |
| Supplemental Disclosure of Non-Cash Investing and Financing Activities | | | | | | | |||
| Right-of-use assets acquired under operating lease obligations | | $— | | $— | | $1,053 | |||
| Assets acquired under finance lease obligations | | $— | | $42 | | $983 | |||
| Purchases of property and equipment included in accounts payable and accrued expenses | | $12 | | $3 | | $175 | |||
| Capitalized software development costs included in accrued expenses | | $40 | | $— | | $— | |||
| Remeasurement of operating lease right-of-use assets for lease modification | | $3,527 | | $— | | $— | |||
| Derecognition of operating lease liabilities and assets upon lease termination | | $342 | | $— | | $— | |||
| | | | | | | | | | (Concluded) |
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