Filing Flows › Lovesac (LOVE) › Q2 FY26
Lovesac (LOVE) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed Sep 11, 2025
Lovesac (LOVE) reported revenue of $161M for the second quarter fiscal 2026 (Q2 FY26), +3% from a year earlier and +16% from the quarter before. Operating margin was -5.5%, net loss $6.7M (4.1% of revenue).
Lovesac, Q2 FY26: revenue $161M (+2% year over year), operating margin -5.5%, net loss $6.7M, operating cash flow $12.2M. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $161M | +16% | +3% |
| Operating profit | −$8.8M | — | — |
| Net earnings | −$6.7M | — | — |
| Operating cash flow | $12.2M | — | +97% |
| Free cash flow | $7.8M | — | 66× |
What changed
Revenue was $160.5M in Q2 FY26, up 3% year over year and up 16% from the previous quarter. Sactionals was the largest line at 93% of revenue. Sactionals added $6.5M year over year (up 5%), 165% of the total change. Sacs declined 23%.
Gross margin was 56.4%, down 2.5 points from a year earlier. Operating costs exceeded revenue by $8.8M, an operating margin of -5.5%. Operating expenses fell 1% while revenue rose 3%. The quarter ended with a net loss of $6.7M, narrower than the previous quarter's $10.8M loss.
Operating cash flow was $12.2M (up 97% year over year). Non-cash charges added back $3.8M of depreciation and amortization and $3.3M of share-based compensation. Working capital and other items added $11.8M. Capital expenditures of $4.3M left free cash flow of $7.8M.
Questions
What was Lovesac's revenue in the second quarter fiscal 2026?
Lovesac (LOVE) reported revenue of $161M for the second quarter fiscal 2026 (Q2 FY26), +3% from a year earlier and +16% from the quarter before.
Was Lovesac profitable in the second quarter fiscal 2026?
Operating loss was $8.8M (-5.5% of revenue) and net loss $6.7M.
Source: Lovesac 10-Q on SEC EDGAR.