Jun 2026 (Q2 FY26) — Aug 12, 2026
Lulu's Q2 FY26 — Gross Margin Expansion and Adjusted EBITDA Improvement Amidst Revenue Decline
Read the full callLulu's Fashion Lounge Holdings earnings: last reported Wed, 12 Aug 2026, for the quarter ended Jun 2026.
Reported
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 67.8 | −16.8% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | -1.8 | +1.4 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | -1.5 | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. The year-earlier figure was zero or a loss, so no percentage is shown. |
Price
1Y: $4.57 on 17 Oct 2025 → $13.26. High $26.16 (23 Jan 2026), low $4.35 (22 Oct 2025).
Overview
Call summaries
Lulu's Q2 FY26 — Gross Margin Expansion and Adjusted EBITDA Improvement Amidst Revenue Decline
Read the full callEvery analysed call
Financials
Net profit, year on year: +50% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 81 | 66 | 64 | 82 | 74 | 63 | 58 | 68 |
| Operating profit | -7 | -35 | -8 | -3 | -2 | 0 | -4 | -1 |
| Operating margin | −8.5% | −52.8% | −12.7% | −3.2% | −2.6% | 0.1% | −6.2% | −1.8% |
| Interest | 0 | 0 | 1 | 1 | 1 | 0 | 0 | 0 |
| Profit before tax | -7 | -35 | -8 | -3 | -2 | -0 | -4 | -1 |
| Tax rate | −0.2% | 9.7% | 0.9% | −2.1% | −2.3% | −57.6% | −5.0% | 0.6% |
| Net profit | -7 | -32 | -8 | -3 | -2 | -0 | -4 | -1 |
| EPS ($ per share) | -2.47 | — | -2.86 | -1.08 | -0.84 | — | -1.44 | -0.52 |
| Line item | Dec 2019 | Jan 2021 | Jan 2022 | Jan 2023 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|
| Equity capital | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Reserves | — | -180 | -178 | -174 | -193 | -248 | -262 |
| Total liabilities | — | 141 | 69 | 102 | 88 | 95 | 86 |
| Fixed assets | — | 3 | 3 | 4 | 5 | 4 | 2 |
| Total assets | — | 105 | 114 | 167 | 149 | 108 | 89 |
| Line item | Dec 2019 | Jan 2021 | Jan 2022 | Jan 2023 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|
| Cash from operations | 12 | 5 | 27 | 6 | 15 | 3 | 1 |
| Cash from investing | -4 | -2 | -3 | -5 | -4 | -3 | -2 |
| Cash from financing | -10 | 7 | -28 | -3 | -19 | 2 | -1 |
| Net cash flow | -2 | 10 | -4 | -2 | -8 | 2 | -2 |
| Capital expenditure | -2 | -1 | -1 | -3 | -2 | -1 | -0 |
| Free cash flow | 10 | 4 | 25 | 4 | 14 | 1 | 1 |
9 filings between Dec 31, 2025 and Sep 30, 2026.
Nobody bought or sold LVLU on the open market in this window. The filings below are 1 award and 8 tax withholdings.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Sep 30, 2026 | Crane Heidi Chief Financial Officer | Tax withheld | 2,157 | $27.5K |
| Sep 30, 2026 | Landsem Crystal Chief Executive Officer | Tax withheld | 4,428 | $56.5K |
| Jun 30, 2026 | Crane Heidi Chief Financial Officer | Tax withheld | 2,267 | $18.7K |
| Jun 30, 2026 | Landsem Crystal Chief Executive Officer | Tax withheld | 4,330 | $35.7K |
| Mar 31, 2026 | Landsem Crystal Chief Executive Officer | Tax withheld | 4,549 | $57.9K |
| Mar 31, 2026 | Crane Heidi Chief Financial Officer | Tax withheld | 5,026 | $63.9K |
| Feb 4, 2026 | Crane Heidi Chief Financial Officer | Award | 34,837 | $0 |
| Dec 31, 2025 | Landsem Crystal Chief Executive Officer | Tax withheld | 4,412 | $23.0K |
| Dec 31, 2025 | Vos Mark President & CIO | Tax withheld | 4,014 | $21.0K |
| Sep 30, 2025 | Deady Laura Chief Merchandising Officer | Tax withheld | 299 | $1.4K |
| Jun 30, 2025 | Deady Laura Chief Merchandising Officer | Tax withheld | 4,473 | $1.3K |
| Jun 30, 2025 | Vos Mark President & CIO | Tax withheld | 55,751 | $16.7K |
| Jun 30, 2025 | Landsem Crystal Chief Executive Officer | Tax withheld | 61,659 | $18.5K |
| Jun 10, 2025 | Bazzano Dara Director | Tax withheld | 24,576 | $11.4K |
| Jun 10, 2025 | McCarthy Kelly Ann Director | Tax withheld | 14,723 | $6.8K |
| Apr 6, 2025 | Smith Tiffany Rose Chief Financial Officer | Tax withheld | 3,424 | $1.4K |
| Mar 31, 2025 | Bazzano Dara Director | Award | 20,694 | $0 |
| Mar 31, 2025 | Vos Mark President & CIO | Tax withheld | 57,563 | $23.0K |
| Mar 31, 2025 | Landsem Crystal Chief Executive Officer | Tax withheld | 63,456 | $25.4K |
| Mar 31, 2025 | Deady Laura Chief Merchandising Officer | Tax withheld | 5,135 | $2.1K |
| Mar 20, 2025 | Vos Mark President & CIO | Award | 360,000 | $0 |
| Mar 20, 2025 | Deady Laura Chief Merchandising Officer | Award | 50,000 | $0 |
| Mar 10, 2025 | Smith Tiffany Rose Chief Financial Officer | Tax withheld | 23,964 | $12.2K |
| Mar 10, 2025 | Deady Laura Chief Merchandising Officer | Tax withheld | 14,005 | $7.1K |
| Mar 7, 2025 | Smith Tiffany Rose Chief Financial Officer | Tax withheld | 22,228 | $12.0K |
| Dec 31, 2024 | Deady Laura Chief Merchandising Officer | Tax withheld | 5,135 | $5.8K |
| Dec 5, 2024 | Smith Tiffany Rose Chief Financial Officer | Sale 10b5-1 plan | 47 | $58 |
| Dec 4, 2024 | Smith Tiffany Rose Chief Financial Officer | Sale 10b5-1 plan | 200 | $247 |
| Dec 3, 2024 | Smith Tiffany Rose Chief Financial Officer | Sale 10b5-1 plan | 300 | $371 |
| Dec 2, 2024 | Smith Tiffany Rose Chief Financial Officer | Sale 10b5-1 plan | 225 | $277 |
| Nov 27, 2024 | Smith Tiffany Rose Chief Financial Officer | Sale 10b5-1 plan | 353 | $434 |
| Nov 26, 2024 | Smith Tiffany Rose Chief Financial Officer | Sale 10b5-1 plan | 600 | $744 |
| Nov 25, 2024 | Smith Tiffany Rose Chief Financial Officer | Sale 10b5-1 plan | 902 | $1.2K |
| Nov 22, 2024 | Smith Tiffany Rose Chief Financial Officer | Sale 10b5-1 plan | 782 | $965 |
| Nov 21, 2024 | Smith Tiffany Rose Chief Financial Officer | Sale 10b5-1 plan | 900 | $1.1K |
| Nov 20, 2024 | Smith Tiffany Rose Chief Financial Officer | Sale 10b5-1 plan | 1,200 | $1.5K |
| Sep 30, 2024 | Landsem Crystal Chief Executive Officer | Tax withheld | 67,737 | $108.4K |
| Sep 30, 2024 | Vos Mark President & CIO | Tax withheld | 48,579 | $77.7K |
| Sep 30, 2024 | Vos Mark President & CIO | Tax withheld | 13,495 | $21.6K |
| Sep 30, 2024 | Deady Laura Chief Merchandising Officer | Tax withheld | 4,460 | $7.1K |
| Sep 4, 2024 | Sheu Caroline Sio-Chin Insider | Disposition to issuer | 75,187 | $0 |
| Sep 4, 2024 | McCreight David W. Insider | Disposition to issuer | 42,466 | $0 |
| Sep 4, 2024 | MARDY MICHAEL J Insider | Disposition to issuer | 45,513 | $0 |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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