Filing Flows › Lovesac (LOVE) › Q1 FY27
Lovesac (LOVE) Q1 FY27 earnings results (first quarter fiscal 2027)
10-Q filed Jun 11, 2026
Lovesac (LOVE) reported revenue of $138M for the first quarter fiscal 2027 (Q1 FY27), -0.1% from a year earlier and -44% from the quarter before. Operating margin was -12.6%, net loss $11.1M (8.0% of revenue).
Lovesac, Q1 FY27: revenue $138M (-0.1% year over year), operating margin -12.6%, net loss $11.1M, operating cash flow −$35.4M. The chart follows the revenue to costs, profit and cash.
| Q1 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $138M | -44% | -0.1% |
| Operating profit | −$17.4M | -139% | — |
| Net earnings | −$11.1M | -135% | — |
| Operating cash flow | −$35.4M | -142% | — |
What changed
Revenue was $138.2M in Q1 FY27, roughly flat year over year and down 44% from the previous quarter. Sactionals was the largest line at 91% of revenue. Sacs lost $2.1M year over year (down 23%), 1200% of the total change.
Gross margin was 52.1%, down 1.7 points from Q1 FY26. Operating costs exceeded revenue by $17.4M, an operating margin of -12.6%. Operating expenses grew 0% against flat revenue. The quarter ended with a net loss of $11.1M, after a profit of $32.1M the previous quarter.
Operating cash flow was −$35.4M. Non-cash charges added back $4.1M of depreciation and amortization and $2.1M of share-based compensation. Working capital and other items used $30.4M. Capital expenditures of $5.0M exceeded it, leaving free cash flow of −$40.4M.
Questions
What was Lovesac's revenue in the first quarter fiscal 2027?
Lovesac (LOVE) reported revenue of $138M for the first quarter fiscal 2027 (Q1 FY27), -0.1% from a year earlier and -44% from the quarter before.
Was Lovesac profitable in the first quarter fiscal 2027?
Operating loss was $17.4M (-12.6% of revenue) and net loss $11.1M.
Source: Lovesac 10-Q on SEC EDGAR.