Lulus Q1'26 net loss improves to $4.1M; gross margin up 480 bps, revenue down 10%

Lulu's Fashion Lounge Holdings, Inc.

Net revenue $57.5M (down 10% YoY); net loss improved to $4.1M from $8.0M YoY.
Gross margin expanded 480 bps to 45.1%; Adjusted EBITDA improved to ($1.5M) from ($4.7M).
Active customers fell 11% YoY to 2.3M; total orders down 15%; AOV increased 4% to $142.
Wholesale revenue doubled YoY; inventory reduced 17% to $33.1M; total debt down $1.1M.
Free cash flow $6.5M; reaffirmed FY2027 financial outlook.

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Lulu's Fashion Lounge Holdings, Inc. reported first quarter ended March 29, 2026 results: revenue $57.5 million, net income $4.1 million. Guidance reaffirmed.

Period: first quarter ended March 29, 2026
Revenue: $57.5 million
Net income: $4.1 million
Guidance: reaffirmed
Result: reported results

Exact text from the filing

in extending our momentum and driving improved profitability, cash generation, and customer engagement throughout the year.” First Quarter 2026 Highlights: ● Net revenue of $57.5 million, a 10% decrease compared to the same period last year, driven by a 15% decrease in Total Orders Placed and the impact of higher return rates driven primarily from sales mix,

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Source: SEC EDGAR

accession 0001104659-26-060219

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