Filing Flows › Lulu's Fashion Lounge Holdings (LVLU) › Q1 2026
Lulu's Fashion Lounge Holdings (LVLU) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 13, 2026
Lulu's Fashion Lounge Holdings (LVLU) reported revenue of $57.5M for the first quarter 2026 (Q1 2026), -10% from a year earlier and -9% from the quarter before. Operating margin was -6.2%, net loss $4.1M (7.1% of revenue).
Lulu's Fashion Lounge Holdings, Q1 2026: revenue $57.5M (-10% year over year), operating margin -6.2%, net loss $4.1M, operating cash flow $6.9M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $57.5M | -9% | -10% |
| Operating profit | −$3.5M | -9195% | — |
| Net earnings | −$4.1M | — | — |
| Operating cash flow | $6.9M | — | -17% |
| Free cash flow | $6.5M | — | -16% |
What changed
Revenue was $57.5M in Q1 2026, down 10% year over year and down 9% from the previous quarter.
Gross margin was 45.1%, up 4.8 points from Q1 2025. Operating costs exceeded revenue by $3.5M, an operating margin of -6.2%. Operating expenses fell 13% while revenue fell 10%. The quarter ended with a net loss of $4.1M, wider than the previous quarter's $403K loss.
Operating cash flow was $6.9M (down 17% year over year). Non-cash charges added back $1.1M of depreciation and amortization and $717K of share-based compensation. Working capital and other items added $9.2M. After capitalized software development costs ($354K) and purchases of property and equipment ($46K), free cash flow as the company reports it was $6.5M.
Questions
What was Lulu's Fashion Lounge Holdings' revenue in the first quarter 2026?
Lulu's Fashion Lounge Holdings (LVLU) reported revenue of $57.5M for the first quarter 2026 (Q1 2026), -10% from a year earlier and -9% from the quarter before.
Was Lulu's Fashion Lounge Holdings profitable in the first quarter 2026?
Operating loss was $3.5M (-6.2% of revenue) and net loss $4.1M.