Lovesac Co

Annual Trend FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026
Cash and cash equivalents $49.1m $48.5m $78.3m $92.4m $43.5m $87.0m $83.7m $101.9m
Trade accounts receivable, net $4.0m $7.2m $4.5m $8.5m $9.5m $13.5m $16.8m $11.7m
Merchandise inventories, net $26.2m $36.4m $50.4m $108.5m $120.0m $98.4m $124.3m $106.3m
Prepaid expenses $10.4m $11.7m $14.8m $10.5m
Other current assets $5.1m $3.8m $6.9m $6.3m
Total Current Assets $85.1m $100.2m $143.4m $225.2m $194.0m $214.4m $246.6m $236.6m
Property and equipment, net $18.6m $23.8m $25.9m $34.1m $52.9m $70.8m $78.0m $86.4m
Goodwill $144k $144k $144k $144k $144k $144k $144k $144k
Intangible assets, net $942k $1.4m $1.5m $1.4m $1.4m $1.5m $1.6m $2.4m
Operating lease right-of-use assets $0 $100.9m $138.3m $155.9m $157.8m $163.3m
Other assets $0 $21.9m $28.7m $32.9m $32.4m
Stockholders’ Equity
Deferred tax asset $0 $9.8m $9.4m $10.8m $15.3m $13.4m
Payroll payable $2.3m $887k $6.4m $10.0m $6.8m $7.0m $9.5m $21.9m
Customer deposits $1.1m $1.7m $6.0m $13.3m $6.8m $8.3m $11.2m $11.5m
Current operating lease liabilities $0 $16.4m $21.9m $17.6m $22.7m $24.1m
Sales taxes payable $751k $1.4m $2.5m $5.4m $5.4m $6.0m $7.9m $7.0m
Operating lease liabilities, long-term $0 $96.6m $136.0m $157.9m $160.4m $168.4m
Income tax payable, long-term $0 $452k $424k $464k
Line of credit $31k $0 $0 $0 $0 $0 $0
Accumulated earnings ($63.0m) ($78.2m) ($63.4m) ($17.5m) $10.7m $34.4m $25.8m $23.9m
Total Assets $105.0m $125.7m $171.0m $371.6m $418.1m $482.2m $532.2m $534.7m
Total Liabilities and Stockholders’ Equity $105.0m $125.7m $171.0m $371.6m $418.1m $482.2m $532.2m $534.7m
Accounts payable $16.8m $19.9m $24.3m $33.2m $24.6m $28.8m $51.8m $43.7m
Accrued expenses $3.7m $8.6m $17.2m $40.5m $23.4m $38.6m $52.0m $38.8m
Total Current Liabilities $24.6m $32.4m $56.3m $118.8m $88.8m $106.4m $155.1m $147.1m
Total Liabilities $26.2m $35.5m $63.1m $215.4m $224.8m $264.7m $315.9m $316.0m
Preferred stock $0.00001 par value, 10,000,000 shares authorized, no shares issued or outstanding as of February 1, 2026 and February 2, 2025. 0 0 0 0 0 0
Common stock $0.00001 par value, 40,000,000 shares authorized, 14,617,238 shares issued and outstanding as of February 1, 2026 and 14,786,934 shares issued and outstanding as of February 2, 2025. 136 145 150 0 0 0 0 0
Additional paid-in capital $141.7m $168.3m $171.4m $173.8m $182.6m $183.1m $190.5m $194.8m