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Lovesac cash flow, quarter by quarter

Latest: Q2 FY27 · from the cash-flow statements filed with the SEC

Free cash flow$17.4M in Q2 FY27 · $45.3M over twelve months

Operating cash flow$23.9M
Capital spending−$6.6M
Free cash flow+$17.4M
Cash / net income3.2×
Cash conversion cycle-84 days

Analysis

In Q2 FY27, Lovesac generated $23.9M of operating cash flow and spent $6.6M on capital projects, leaving free cash flow of $17.4M.

Over the twelve months to Aug 2, 2026, operating cash flow was $67.1M; the largest uses were capital spending ($21.8M), buybacks ($7.2M), taxes on employees’ shares ($2.2M); the cash balance rose by $34.6M.

Operating cash flow was $23.9M against net income of $7.4M — 3.2× profit, cash ran ahead of reported earnings. The largest differences: inventory −$20.9M, payables +$18.9M, deferred taxes +$4.3M.

Its cash conversion cycle was -84 days (receivables 8 + inventory 0 − payables 93): suppliers fund its working capital.

Free cash flow

Lovesac: free cash flow by quarterLovesac: free cash flow by quarter−$6.6MQ3 FY25$38.7MQ4 FY25−$50.0MQ1 FY26$7.8MQ2 FY26−$10.2MQ3 FY26$78.5MQ4 FY26−$40.4MQ1 FY27$17.4MQ2 FY27
Operating cash flow less capital spending.
Lovesac: operating cash flow against capital spendingLovesac: operating cash flow against capital spendingOperating cash flowCapital spending−$4.2M$2.4MQ3 FY25$44.0M$5.3MQ4 FY25−$41.4M$8.6MQ1 FY26$12.2M$4.3MQ2 FY26−$4.9M$5.3MQ3 FY26$83.4M$4.9MQ4 FY26−$35.4M$5.0MQ1 FY27$23.9M$6.6MQ2 FY27
Latest (Q2 FY27): Operating cash flow $23.9M, Capital spending $6.6M.

Capital allocation, year by year

Lovesac: where the cash came from (up) and went (down), by fiscal yearLovesac: where the cash came from (up) and went (down), by fiscal yearOperating cash flowCapital spendingBuybacksFY22: Operating cash flow $32.6MFY22: Capital spending −$14.6M$32.6MFY22FY23: Operating cash flow −$21.4MFY23: Capital spending −$25.2MFY23FY24: Operating cash flow $76.4MFY24: Capital spending −$28.7M$76.4MFY24FY25: Operating cash flow $39.0MFY25: Capital spending −$21.0MFY25: Buybacks −$19.9M$39.0MFY25FY26: Operating cash flow $49.3MFY26: Capital spending −$23.1MFY26: Buybacks −$6.0M$49.3MFY26
Over these 5 years operating cash flow totalled $176M; the largest uses were capital spending ($113M) and buybacks ($25.9M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$68.8M
Debtnone
Net cash$68.8M

Lovesac funds itself: free cash flow was $45.3M over the last twelve months, with $68.8M of cash and investments and no debt on the balance sheet.

Where the cash came from and went

Lovesac: sources (+) and uses (−) of cash, Q2 FY27Lovesac: sources (+) and uses (−) of cash, Q2 FY27Operating cash flow$23.9MCash drawn (+) / kept (−)−$11.8MCapital spending−$6.6MBuybacks−$4.9MTaxes on employees’ shares−$357KOther investing−$327K
Lovesac: sources (+) and uses (−) of cash, TTM to Q2 FY27Lovesac: sources (+) and uses (−) of cash, TTM to Q2 FY27Operating cash flow$67.1MCash drawn (+) / kept (−)−$34.6MCapital spending−$21.8MBuybacks−$7.2MTaxes on employees’ shares−$2.2MOther investing−$1.2M

From profit to cash

Lovesac: net income to operating cash flow, Q2 FY27Lovesac: net income to operating cash flow, Q2 FY27Net income$7.4MDepreciation & amortization$4.1MStock-based pay$2.3MDeferred taxes$4.3MGains on disposals$18KReceivables−$3.5MInventory−$20.9MPayables$18.9MDeferred revenue−$1.8MPrepaid and other assets−$3.6MOperating cash flow$23.9M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
QuarterReceivable daysInventory daysPayable daysCash conversion cycle
Q2 FY278—93-84
Q1 FY278—60-52
Q4 FY265—39-34
Q3 FY269—56-47
Q2 FY268—40-32
Q1 FY2610—55-45
Q4 FY256—48-42
Q3 FY259—56-47

Every quarter

QuarterOperating cash flowCapital spendingBuybacksCash drawn (+) / kept (−)Free cash flow
Q2 FY27$23.9M−$6.6M−$4.9M−$11.8M$17.4M
Q1 FY27−$35.4M−$5.0M−$2.4M$44.9M−$40.4M
Q4 FY26$83.4M−$4.9M—−$78.1M$78.5M
Q3 FY26−$4.9M−$5.3M—$10.5M−$10.2M
Q2 FY26$12.2M−$4.3M—−$7.3M$7.8M
Q1 FY26−$41.4M−$8.6M−$6.0M$56.8M−$50.0M
Q4 FY25$44.0M−$5.3M−$16.5M−$22.0M$38.7M
Q3 FY25−$4.2M−$2.4M−$3.4M$10.4M−$6.6M

Lovesac: income statement and cash flow

Lovesac, Q2 FY27: revenue $161M (+0.4% year over year), operating margin 6.8%. The chart follows the revenue to costs, profit and cash.

Lovesac: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.