The Lovesac Company (LOVE) Financial Statements & Analysis

The Lovesac Company (LOVE) Income Statement

The Lovesac Company reported revenue of $697.12M in fiscal 2026 (fiscal year ended Feb 1, 2026), up 2.4% from $680.63M a year earlier. Net income was $4.07M, down 64.8% year over year, a net margin of 0.6%. Gross margin was 56.4% and operating margin 0.8%. In the most recent quarter, Q2 fiscal 2027 (ended Aug 2, 2026), revenue was $161.25M, up 0.4% from the same quarter a year earlier.

The Lovesac Company Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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The Lovesac Company income statement - Annual data in millions USD
Breakdown	FY 2026	FY 2026	FY 2025	FY 2025	FY 2024	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Feb 2026	Jan 2026	Feb 2025	Jan 2025	Feb 2024	Jan 2024	Jan 2023	Jan 2022	Jan 2021	Jan 2020	Jan 2019	Jan 2018	Jan 2017
Revenue & Gross Profit
Revenue	697.12	697.12	680.63	680.63	700.27	700.27	651.18	498.24	320.74	233.38	165.88	101.81	76.34
Cost of Revenue	303.90	303.90	282.79	282.79	299.22	299.22	307.53	224.71	145.97	116.69	75.00	44.59	34.65
Gross Profit	393.22	393.22	397.84	397.84	401.04	401.04	343.65	273.53	174.77	116.69	90.88	57.22	41.70
Operating Expenses
Research & Development	-	0.00	-	0.00	-	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	372.65	372.65	369.48	369.48	358.36	358.36	295.84	225.10	153.03	127.34	94.79	60.04	47.87
Operating Expenses	387.85	387.85	384.19	384.19	370.97	370.97	306.69	232.95	159.65	132.50	97.92	62.25	47.87
Operating Income	5.36	5.36	13.65	13.65	30.08	30.08	36.97	40.58	15.13	-15.81	-7.04	-5.04	-6.17
Other Income/Expense
Interest Income	-	1.30	2.80	2.80	1.75	1.75	0.00	0.00	0.00	0.65	0.36	0.00	0.00
Interest Expense	-	0.00	-	0.00	-	0.00	0.12	0.18	-0.07	0.00	0.00	0.44	0.57
Other Income/Expense	1.30	1.30	2.80	2.80	1.75	1.75	-0.12	-0.18	-0.07	0.65	0.36	-0.44	-0.57
Income
Income Before Tax	6.67	6.67	16.45	16.45	31.82	31.82	36.85	40.40	14.81	-15.16	-6.69	-5.48	-6.74
Income Tax Expense	2.60	2.60	4.89	4.89	7.96	7.96	10.36	-7.09	0.09	0.04	0.02	0.03	0.14
Net Income	4.07	4.07	11.56	11.56	23.86	23.86	26.49	47.49	14.73	-15.21	-6.70	-5.50	-6.87
Net Income - Continuous Operations	-	4.07	-	11.56	-	23.86	26.49	47.49	14.73	-15.21	-6.70	-5.50	-6.87
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-	-	-	-	-	-
EBITDA	20.57	20.57	28.36	28.36	42.68	42.68	47.81	48.44	21.74	-10.65	-3.91	-2.82	-4.06
EBIT	5.36	5.36	13.65	13.65	30.08	30.08	36.97	40.58	15.13	-	-	-	-
Depreciation & Amortization	-	15.21	14.71	14.71	12.60	12.60	10.84	7.86	6.61	5.16	3.13	2.21	2.11
Earnings Per Share
Basic EPS	-	-	1.00	1.00	2.00	2.00	2.00	3.00	1.00	-1.00	-3.00	-1.00	-1.00
Diluted EPS	-	-	1.00	1.00	1.00	1.00	2.00	3.00	1.00	-1.00	-3.00	-1.00	-1.00
Basic Shares Outstanding	14.68	14.68	15.50	15.50	15.43	15.43	15.20	15.11	14.61	14.26	10.54	12.93	12.93
Diluted Shares Outstanding	14.70	14.70	16.79	16.79	16.46	16.46	15.96	16.06	15.33	14.26	10.54	12.93	12.93

Source: Company financial statements from annual and quarterly filings. Data as of Aug 2, 2026. Data sources and methodology

Frequently Asked Questions About The Lovesac Company Financial Statements

What was The Lovesac Company's revenue in fiscal 2026?

The Lovesac Company reported revenue of $697.12M in fiscal 2026 (fiscal year ended Feb 1, 2026). That was up 2.4% from $680.63M a year earlier.

Is The Lovesac Company profitable?

Yes. The Lovesac Company earned net income of $4.07M in fiscal 2026, a net margin of 0.6%. In fiscal 2025 it earned $11.56M.

What is The Lovesac Company's operating margin?

The Lovesac Company's operating income was $5.36M on revenue of $697.12M in fiscal 2026, an operating margin of 0.8%, compared with 2.0% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition