Lulu's Fashion Lounge Holdings, Inc.
For the period ended Mar 30, 2025. Filed May 14, 2025.
View on SEC.govAbout this filing
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.
Mar 30, 2025 · Filed May 14, 2025
LVLU$11.55+7.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Cash Flows
(in thousands)
| | | | | | | | |
|---|---|---|---|---|---|---|---|
| · Thirteen Weeks Ended · | |||||||
| · · March 30, · · March 31, · | |||||||
| · · 2025 · 2024 · | |||||||
| Cash Flows from Operating Activities · · · | |||||||
| Net loss | | $(7,998) | $(5,736) | | |||
| Adjustments to reconcile net loss to net cash provided by operating activities: | | | | | | ||
| Depreciation and amortization | | 1,351 | | 1,339 | | ||
| Noncash lease expense | | | 1,295 | | | 970 | |
| Gain on lease modification | | | (92) | | | — | |
| Amortization of debt discount and debt issuance costs | | 31 | | 39 | | ||
| Equity-based compensation expense | | 1,474 | | 1,934 | | ||
| Changes in operating assets and liabilities: | | | | | | ||
| Accounts receivable | | (1,967) | | (1,670) | | ||
| Inventories | | (5,632) | | (5,799) | | ||
| Assets for recovery | | (2,636) | | (1,951) | | ||
| Income taxes (receivable) payable | | 3,017 | | (379) | | ||
| Prepaid and other current assets | | 118 | | 82 | | ||
| Accounts payable | | (740) | | (549) | | ||
| Accrued expenses and other current liabilities | | 21,198 | | 20,053 | | ||
| Operating lease liabilities | | | (1,113) | | | (939) | |
| Other noncurrent liabilities | | 16 | | (447) | | ||
| Net cash provided by operating activities | | 8,322 | | 6,947 | | ||
| Cash Flows from Investing Activities | | | | ||||
| Capitalized software development costs | | (427) | | (397) | | ||
| Purchases of property and equipment | | (140) | | (562) | | ||
| Net cash used in investing activities | | (567) | | (959) | | ||
| Cash Flows from Financing Activities | | | | ||||
| Proceeds from borrowings on revolving line of credit | | — | | 10,000 | | ||
| Repayments on revolving line of credit | | (3,000) | | (12,000) | | ||
| Proceeds from issuance of common stock under Employee Stock Purchase Plan (ESPP) | | | 88 | | | 167 | |
| Principal payments on finance lease obligations | | | (318) | | | (743) | |
| Payments for tax withholdings related to vesting of RSUs | | | (130) | | | (429) | |
| Repurchase of common stock | | | (239) | | | — | |
| Net cash used in financing activities | | (3,599) | | (3,005) | | ||
| Net increase in cash and cash equivalents | | 4,156 | | 2,983 | | ||
| Cash and cash equivalents at beginning of period | | 4,460 | | 2,506 | | ||
| Cash and cash equivalents at end of period | | $8,616 | | $5,489 | | ||
| | | | | | (Continued) | | |
Condensed Consolidated Statements of Cash Flows
(in thousands)
| | | | | | | | |
|---|---|---|---|---|---|---|---|
| · Thirteen Weeks Ended · | |||||||
| · · March 30, · · March 31, · | |||||||
| · · 2025 · 2024 · | |||||||
| Supplemental Disclosure | | | | | | | |
| Cash paid (refunded) during the period for: | | | | | | | |
| Income taxes, net | | $(3,107) | | $250 | | ||
| Interest | | $539 | | $296 | | ||
| Operating leases | | $1,371 | | $1,388 | | ||
| Finance leases | | $336 | | $771 | | ||
| | | | | | | | |
| Supplemental Disclosure of Non-Cash Investing and Financing Activities | | | | | | ||
| Remeasurement of operating lease right-of-use assets for lease modification | | $3,145 | | $— | | ||
| Purchases of property and equipment included in accounts payable and accrued expenses | | $115 | | $53 | | ||
| Capitalized software development costs included in accrued expenses | | $30 | | $— | | ||
| | | | | | | (Concluded) | |
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