Lulus Q2 net revenue down 11% to $81.5M; net loss improves, Adj EBITDA turns positive

Lulu's Fashion Lounge Holdings, Inc.

2025-Q2 EPS reported -$3.94 vs consensus -$0.03 ▼ miss (-12775.8%)

Q2 net revenue $81.5M, down 11% YoY; net loss narrowed to $3.0M from $10.8M.
Adjusted EBITDA positive at $0.5M vs -$0.2M last year; gross margin 45.3% (down 20 bps).
Active Customers 2.5M (down 8% YoY); Average Order Value $145, up 1%.
Total debt reduced $4.3M to $5.8M; expects positive Adjusted EBITDA in Q3 2025.

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