---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-24-002602"
form_type: "8-K"
ticker: "LVLU"
cik: "0001780201"
company_name: "Lulu's Fashion Lounge Holdings, Inc."
filed_at: "2024-03-06T23:59:59+00:00"
generated_at: "2026-06-05T02:48:42.351151+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Lulus reports FY2023 net loss of $19.3M; revenue declines 19% YoY

## Summary
- Net loss $19.3M vs net income $3.7M in FY2022; diluted EPS loss $0.48.
- Revenue $355.2M, down 19% YoY; active customers fell 12% to 2.8M.
- Gross margin contracted 180bps to 41.7%; adjusted EBITDA $3.2M, down 89% YoY.
- Free cash flow improved to $11.5M from $1.2M; repaid $17M on revolver, debt at $8M.
- CEO cites sequential revenue momentum in late 2023 and early 2024 as positive.

## SEC filing metadata
- accession: 0001558370-24-002602
- form_type: 8-K
- ticker: LVLU
- cik: 0001780201
- company_name: Lulu's Fashion Lounge Holdings, Inc.
- filed_at: 2024-03-06T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1780201/000155837024002602/0001558370-24-002602-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1780201/000155837024002602/tmb-20240306x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-24-002602
- JSON: https://secwatch.observer/filing/0001558370-24-002602.json
- Plain text: https://secwatch.observer/filing/0001558370-24-002602.txt

## Key facts
- Earnings Releases
  Lulu's Fashion Lounge Holdings, Inc. reported the fourth quarter and fiscal year ended December 31, 2023 results: revenue $355,175, net income $(19,334), EPS $(0.48).
  - Period: the fourth quarter and fiscal year ended December 31, 2023
  - Revenue: $355,175
  - Net income: $(19,334)
  - EPS: $(0.48)
  - Result: reported results
  source text: ​ ​ ​ ​ ​ ​ ​ Fiscal Years Ended ​ December 31, 2023 ​ ​ January 1, 2023 ​ ​ YoY Change ​ ​ ​ (52 weeks) ​ (52 weeks) ​ ​ ​ ​ ​ (In thousands, except percentages) Net revenue ​ $ 355,175 ​ ​ $ 439,652 ​ ​ (19) % Gross profit ​ $ 148,226 ​ ​ $ 191,446 ​ ​ (23) % Gross Margin* ​ ​ 41.7 % ​ ​ 43.5 % ​ (180) bps Net income (loss) ​ $ (19,334) ​ ​ $ 3,725 ​ ​ NM ​
  evidence_url: https://www.sec.gov/Archives/edgar/data/1780201/000155837024002602/0001558370-24-002602-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.