← Lovesac Co
| Annual Trend | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|
| Net income | ($6.7m) |
($15.2m)
-126.79%
|
$14.7m
+196.86%
|
$45.9m
+211.67%
|
$28.2m
-38.47%
|
$23.9m
-15.51%
|
$11.6m
-51.57%
|
$4.1m
-64.82%
|
$3.8m
-6.22%
|
|
| Net loss on disposal of property and equipment | $255k | ($167k) | $5k | $464k | $45k | $235k | $140k | $466k | — | |
| Depreciation and amortization of property and equipment | $2.9m | $4.9m | $6.1m | $7.2m | $10.5m | $12.2m | $14.3m | $14.9m | $15.8m | |
| Amortization of other intangible assets | $199k | $264k | $513k | $705k | $388k | $429k | $418k | $319k | — | |
| Amortization of deferred financing fees | $121k | $73k | $88k | $91k | $164k | $159k | $127k | $73k | — | |
| Deferred income taxes | $531k | $1.5m | $3.6m | ($9.8m) | $416k | ($2.1m) | ($4.5m) | $1.9m | ($125k) | |
| Impairment of long-lived assets | — | $0 | $245k | $554k | $0 | $0 | $0 | $1.5m | — | |
| Trade accounts receivable | ($1.1m) | ($3.2m) | $2.7m | ($4.0m) | ($921k) | ($4.4m) | ($3.3m) | $5.0m | — | |
| Merchandise inventories | ($14.5m) | ($10.2m) | ($14.0m) | ($56.8m) | ($11.5m) | $21.2m | ($25.9m) | $18.0m | — | |
| Accounts payable | — | — | — | — | ($12.8m) | $2.7m | $22.4m | ($8.9m) | $19.1m | |
| Accrued expenses and other payables | $7.7m | $7.2m | $19.6m | $39.2m | ($33.0m) | $16.7m | $17.5m | ($1.5m) | — | |
| Excise tax on share repurchases, accrued but not paid | $18k | $43k | $86k | $1.1m | $10.7m | $0 | $183k | $46k | — | |
| Prepaid expenses and other current assets | $129k | ($2.1m) | ($2.1m) | ($2.5m) | $890k | ($164k) | ($6.1m) | $5.0m | — | |
| Other assets | — | — | $0 | $0 | ($21.5m) | ($6.3m) | ($4.2m) | $486k | — | |
| Other liabilities | — | — | — | $0 | $0 | $452k | ($28k) | $40k | — | |
| Net cash provided by operating activities | ($7.0m) |
($11.2m)
-59.74%
|
$40.5m
+461.97%
|
$34.0m
-16.05%
|
($21.4m)
-162.83%
|
$76.4m
+457.62%
|
$39.0m
-49.01%
|
$49.3m
+26.56%
|
$55.3m
+12.21%
|
|
| Purchase of property and equipment | ($10.7m) | ($10.3m) | ($8.4m) | ($15.9m) | ($25.2m) | ($28.7m) | ($21.0m) | ($23.1m) | ($20.6m) | |
| Asset acquisitions not yet paid for at period end | — | — | $0 | $0 | $4.1m | $1.6m | $1.2m | $1.8m | — | |
| Net cash used in investing activities | ($11.4m) | ($10.7m) | ($9.1m) | ($16.5m) | ($25.5m) | ($29.2m) | ($21.5m) | ($24.0m) | ($20.6m) | |
| Repurchases of common stock | — | — | — | — | $0 | $0 | ($19.9m) | ($6.0m) | — | |
| Taxes paid for net share settlement of equity awards | ($383k) | ($4.3m) | ($1.7m) | ($3.6m) | ($1.7m) | ($3.7m) | ($530k) | ($1.2m) | — | |
| Net cash used in financing activities | $58.3m |
$21.3m
-63.42%
|
($1.7m)
-107.82%
|
($3.5m)
-108.76%
|
($1.9m)
+44.38%
|
($3.7m)
-92.61%
|
($20.8m)
-457.07%
|
($7.2m)
+65.37%
|
($4.6m)
+35.78%
|
|
| Cash and cash equivalents - Beginning | $9.2m | $49.1m | $48.5m | $92.4m | $43.5m | $87.0m | $83.7m | $101.9m | — | |
| Additional Supplementary Disclosures | ||||||||||
| Additional Supplementary Disclosures | ||||||||||
| Gain on lease termination | — | — | — | $0 | $0 | ($131k) | $0 | ($167k) | — | |
| Equity based compensation | $3.3m | $5.2m | $4.7m | $5.9m | $10.4m | $4.2m | $7.9m | $5.5m | — | |
| Non-cash lease expense | — | $0 | $0 | $15.0m | $19.3m | $22.6m | $25.2m | $27.1m | — | |
| Operating lease liabilities | — | $0 | $0 | ($14.4m) | ($18.3m) | ($14.0m) | ($19.5m) | ($24.9m) | — | |
| Customer deposits | $151k | $594k | $4.3m | $7.3m | ($6.6m) | $1.5m | $3.0m | $294k | — | |
| Payments for patents and trademarks | ($615k) | ($674k) | ($678k) | ($601k) | ($307k) | ($475k) | ($491k) | ($885k) | — | |
| Proceeds from the line of credit | — | — | — | $0 | $0 | $255k | $0 | $0 | — | |
| Payments on the line of credit | — | — | — | $0 | $0 | ($255k) | $0 | $0 | — | |
| Payment of deferred financing costs | ($292k) | $0 | ($50k) | $0 | ($277k) | ($52k) | ($303k) | ($12k) | — | |
| Net change in cash and cash equivalents | — | ($532k) | $29.8m | $14.1m | ($48.9m) | $43.5m | ($3.3m) | $18.1m | — | |
| Cash paid for taxes | $18k | $43k | $86k | $1.1m | $10.7m | $1.8m | $8.4m | $10.0m | — | |
| Cash paid for interest | $61k | $63k | $85k | $95k | $192k | $146k | $112k | $122k | — | |
| Leasehold improvements acquired through lease incentive | — | — | — | — | — | $0 | $0 | $1.8m | — |