Lulu's Fashion Lounge Holdings, Inc.

For the period ended Jun 29, 2025. Filed Aug 13, 2025.

About 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.

Jun 29, 2025 · Filed Aug 13, 2025

LVLU$10.78+1.9%Stored close · as of Nov 9, 2026

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Contents

Condensed Consolidated Balance Sheets

(in thousands, except share and per share amounts)


· June 29, · December 29,
· · 2025 · · 2024
Assets
Current assets: · ·
Cash and cash equivalents	$1,534	$4,460
Accounts receivable	3,325	2,158
Inventory, net	37,349	34,036
Assets for recovery	4,020	2,383
Income tax refund receivable, net	1,149	4,177
Prepaids and other current assets	4,219	4,287
Total current assets	51,596	51,501
Property and equipment, net	3,026	3,642
Goodwill	7,056	7,056
Tradename	18,509	18,509
Intangible assets, net	2,650	2,762
Lease right-of-use assets	17,471	24,030
Other noncurrent assets	652	698
Total assets	$100,960	$108,198

Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable	$6,403	$10,991
Accrued expenses and other current liabilities	27,717	15,985
Returns reserve	16,530	9,765
Stored-value card liability	19,927	17,883
Revolving line of credit	5,750	13,090
Lease liabilities, current	6,402	6,611
Total current liabilities	82,729	74,325
Lease liabilities, noncurrent	13,073	19,653
Other noncurrent liabilities	905	852
Total liabilities	96,707	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; 2,878,213 and 2,804,542 shares issued and outstanding as of June 29, 2025 and December 29, 2024, respectively(1)	43	42
Additional paid-in capital	264,932	262,313
Accumulated deficit	(259,484)	(248,491)
Treasury stock, at cost, 112,092 shares and 22,621 shares as of June 29, 2025 and December 29, 2024, respectively(1)	(1,238)	(496)
Total stockholders' equity	4,253	13,368
Total liabilities and stockholders' equity	$100,960	$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.

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.