Filing Flows › Lovesac (LOVE) › Q1 FY26
Lovesac (LOVE) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Jun 12, 2025
Lovesac (LOVE) reported revenue of $138M for the first quarter fiscal 2026 (Q1 FY26), +4% from a year earlier and -43% from the quarter before. Operating margin was -10.8%, net loss $10.8M (7.8% of revenue).
Lovesac, Q1 FY26: revenue $138M (+4% year over year), operating margin -10.8%, net loss $10.8M, operating cash flow −$41.4M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $138M | -43% | +4% |
| Operating profit | −$15.0M | -131% | — |
| Net earnings | −$10.8M | -131% | — |
| Operating cash flow | −$41.4M | -194% | — |
What changed
Revenue was $138.4M in Q1 FY26, up 4% year over year and down 43% from the previous quarter. Sactionals was the largest line at 92% of revenue. Sactionals added $5.5M year over year (up 5%), 96% of the total change. Other declined 17%.
Gross margin was 53.7%, down 0.6 points from a year earlier. Operating costs exceeded revenue by $15.0M, an operating margin of -10.8%. Operating expenses fell 1% while revenue rose 4%. The quarter ended with a net loss of $10.8M, after a profit of $35.3M the previous quarter.
Operating cash flow was −$41.4M. Non-cash charges added back $3.5M of depreciation and amortization and $2.5M of share-based compensation. Working capital and other items used $36.6M. Capital expenditures of $8.6M exceeded it, leaving free cash flow of −$50.0M.
Questions
What was Lovesac's revenue in the first quarter fiscal 2026?
Lovesac (LOVE) reported revenue of $138M for the first quarter fiscal 2026 (Q1 FY26), +4% from a year earlier and -43% from the quarter before.
Was Lovesac profitable in the first quarter fiscal 2026?
Operating loss was $15.0M (-10.8% of revenue) and net loss $10.8M.
Source: Lovesac 10-Q on SEC EDGAR.