LOVE (LOVE) financial statements
LOVE reported revenue of $697M in fiscal 2026, up 27.2% a year over 8 years.
Net income was $4M and the operating margin 0.8%, against -4.9% in 2018.
Free cash flow was $26M, and the company returned $6M in net buybacks.
The diluted share count rose 145% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from LOVE's 10-K filings with the SEC.
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $102M | $166M | $233M | $321M | $498M | $651M | $700M | $681M | $697M |
| Cost of revenue | $45M | $75M | $117M | $146M | $225M | $308M | $299M | $283M | $304M |
| Gross profit | $57M | $91M | $117M | $175M | $274M | $344M | $401M | $398M | $393M |
| Research and development | — | — | — | — | — | $8M | $8M | $8M | $7M |
| Selling, general and admin | $51M | $76M | $98M | $111M | $160M | $216M | $264M | $281M | $284M |
| Operating income | -$5M | -$7M | -$16M | $15M | $41M | $37M | $30M | $14M | $5M |
| Interest expense | $144,505 | $121,173 | $73,024 | $87,730 | — | — | — | — | — |
| Pre-tax income | -$5M | -$7M | -$15M | $15M | $40M | $37M | $32M | $16M | $7M |
| Income tax | $26,000 | $16,407 | $43,000 | $86,000 | -$7M | $10M | $8M | $5M | $3M |
| Net income | -$6M | -$7M | -$15M | $15M | $47M | $26M | $24M | $12M | $4M |
| EPS (diluted) | -$1.12 | -$3.28 | -$1.07 | $0.96 | $2.96 | $1.66 | $1.45 | $0.69 | $0.28 |
| Diluted shares | 6M | 11M | 14M | 15M | 16M | 16M | 16M | 17M | 15M |
| Gross margin | 56.2% | 54.8% | 50.0% | 54.5% | 54.9% | 52.8% | 57.3% | 58.5% | 56.4% |
| Operating margin | -4.9% | -4.2% | -6.8% | 4.6% | 8.1% | 5.7% | 4.3% | 2.0% | 0.8% |
| Net margin | -5.4% | -4.0% | -6.5% | 4.6% | 9.5% | 4.1% | 3.4% | 1.7% | 0.6% |
Balance sheet
Fiscal years, from LOVE's 10-K filings with the SEC.
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $9M | $49M | $49M | $78M | $92M | $44M | $87M | $84M | $102M |
| Receivables | $3M | $4M | $7M | $5M | $9M | $9M | $13M | $17M | $12M |
| Inventory | $577,326 | — | $1M | $3M | — | — | — | — | — |
| Total current assets | $30M | $85M | $100M | $143M | $222M | $188M | $214M | $247M | $237M |
| Property, plant and equipment | $11M | $19M | $24M | $26M | $34M | $53M | $71M | $78M | $86M |
| Goodwill | $143,562 | $143,562 | $143,562 | $144,000 | $144,000 | $144,000 | $144,000 | $144,000 | $144,000 |
| Total assets | $41M | $105M | $126M | $171M | $369M | $409M | $482M | $532M | $535M |
| Total current liabilities | $17M | $25M | $32M | $56M | $115M | $82M | $106M | $155M | $147M |
| Total liabilities | $18M | $26M | $36M | $63M | $211M | $216M | $265M | $316M | $316M |
| Shareholders' equity | $24M | $79M | $90M | $108M | $158M | $193M | $217M | $216M | $219M |
| Net debt | -$9M | -$49M | -$49M | -$78M | -$92M | -$44M | -$87M | -$84M | -$102M |
Cash flow
Fiscal years, from LOVE's 10-K filings with the SEC.
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$3M | -$7M | -$11M | $41M | $33M | -$21M | $76M | $39M | $49M |
| Capital spending | $7M | $11M | $10M | $8M | $15M | $25M | $29M | $21M | $23M |
| Free cash flow | -$9M | -$18M | -$21M | $32M | $18M | -$47M | $48M | $18M | $26M |
| Stock-based compensation | $950,554 | $3M | $5M | $5M | $6M | $10M | $4M | $8M | $6M |
| Share buybacks (net) | — | — | — | — | — | $0 | $0 | -$20M | -$6M |
| Free cash flow margin | -9.2% | -10.7% | -9.2% | 10.0% | 3.6% | -7.2% | 6.8% | 2.6% | 3.8% |
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Open LOVE in InvestinglyQuestions
What was LOVE's revenue in 2026?
$697M in fiscal 2026, from its 10-K filing.
How much free cash flow does LOVE generate?
$26M in fiscal 2026 (operating cash flow minus capital spending).
From LOVE's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.