The Lovesac Company (LOVE) Balance Sheet
LOVE balance sheet, FY2026
January 31, 2026 · U.S. dollars$534.7M assets = $316.0M liabilities + $218.7M equity
Both columns are drawn to the same scale: what LOVE owns equals what it owes plus shareholders’ equity. Hover a block for its value.
LOVE financial health
Descriptive bands, not a rating. Fiscal FY2026.
LOVE balance sheet trends, FY2017–FY2026
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $20.7MFY2017 | $534.7MFY2026 | +43.5%/yr | |
| Total liabilities | $13.7MFY2017 | $316.0MFY2026 | +41.8%/yr | |
| Shareholders’ equity | $7.0MFY2017 | $218.7MFY2026 | +46.5%/yr | |
| Cash & short-term investments | $878,696FY2017 | $101.9MFY2026 | +69.6%/yr | |
| Total debt | $3.3MFY2017 | $192.5MFY2026 | +57.1%/yr | |
| Net cash (debt) | −$2.4MFY2017 | −$90.7MFY2026 | −$88.2M | |
| Working capital | $3.4MFY2017 | $89.5MFY2026 | +$86.2M | |
| Book value per share | $0.55FY2017 | $14.88FY2026 | +44.4%/yr | |
| Current ratio | 1.34FY2017 | 1.61FY2026 | +0.27 | |
| Debt / equity | 0.47FY2017 | 0.88FY2026 | +0.41 | |
| Shares outstanding | 12.9MFY2017 | 14.7MFY2026 | +1.4%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
LOVE assets
LOVE liabilities and equity
LOVE debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
LOVE balance sheet
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $101.9M | $83.7M | $87.0M | $43.5M | $92.4M | $78.3M | $48.5M | $49.1M | $9.2M | $878,696 |
| Cash & equivalents | $101.9M | $83.7M | $87.0M | $43.5M | $92.4M | $78.3M | $48.5M | $49.1M | $9.2M | $878,696 |
| Short-term investments | — | — | $662,000 | $662,000 | $421,000 | $997,000 | $892,611 | $732,938 | $400,000 | $350,000 |
| Receivables | $11.7M | $16.8M | $13.5M | $9.1M | $8.8M | $6.0M | $7.2M | $4.0M | $2.8M | $1.0M |
| Inventory | $106.3M | $124.3M | $98.4M | $119.6M | $108.5M | $50.4M | $36.4M | $26.2M | $11.6M | $9.4M |
| Other current assets | $16.7M | $21.7M | $15.5M | $15.5M | $12.1M | $8.7M | $8.1M | $5.9M | $6.1M | $1.9M |
| Total current assets | $236.6M | $246.6M | $214.4M | $187.7M | $221.7M | $143.4M | $100.2M | $85.1M | $29.7M | $13.2M |
| Property, plant & equipment (net) | $249.7M | $235.7M | $226.7M | $188.3M | $135.0M | $25.9M | $23.8M | $18.6M | $11.0M | $6.6M |
| Goodwill & intangible assets | $2.5M | $1.7M | $1.6M | $1.6M | $1.6M | $1.7M | $1.5M | $1.1M | $669,932 | $715,379 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $45.8M | $48.2M | $39.5M | $31.0M | $10.8M | $91,000 | $146,047 | $219,071 | $48,149 | $192,654 |
| Total assets | $534.7M | $532.2M | $482.2M | $408.6M | $369.1M | $171.0M | $125.7M | $105.0M | $41.4M | $20.7M |
| Liabilities | ||||||||||
| Accounts payable | $43.7M | $51.8M | $28.8M | $24.6M | $33.2M | $24.3M | $19.9M | $16.8M | $12.7M | $7.1M |
| Short-term debt | $24.1M | $22.7M | $17.6M | $13.1M | $11.9M | — | — | $750,922 | $405 | $194,530 |
| Deferred revenue | $11.5M | $11.2M | $8.3M | $6.8M | $13.3M | $6.0M | $1.7M | $1.1M | $909,236 | $695,398 |
| Total current liabilities | $147.1M | $155.1M | $106.4M | $82.0M | $114.7M | $56.3M | $32.4M | $24.6M | $16.7M | $9.9M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $31,370 | $0 | $3.1M |
| Lease obligations | $192.5M | $183.0M | $175.5M | $157.9M | $113.0M | $0 | — | — | — | — |
| Other long-term liabilities | $168.9M | $160.8M | $158.3M | $133.5M | $96.6M | $6.7M | $3.1M | $1.6M | $1.1M | $703,640 |
| Total liabilities | $316.0M | $315.9M | $264.7M | $215.5M | $211.3M | $63.1M | $35.5M | $26.2M | $17.8M | $13.7M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | — | — | — | — | — | $150 | $145 | $136 | $61 | $150 |
| Retained earnings (deficit) | $23.9M | $25.8M | $34.4M | $10.5M | −$15.9M | −$63.4M | −$78.2M | −$63.0M | −$56.3M | −$50.8M |
| Accumulated other comprehensive income | — | — | $0 | $0 | — | $0 | $0 | −$11.2M | −$9.3M | −$8.1M |
| Total shareholders' equity | $218.7M | $216.4M | $217.5M | $193.1M | $157.8M | $107.9M | $90.2M | $78.8M | $23.6M | $7.0M |
| Key figures | ||||||||||
| Total debt | $192.5M | $183.0M | $175.5M | $146.6M | $108.5M | — | — | $782,292 | $405 | $3.3M |
| Net cash (debt) | −$90.7M | −$99.3M | −$88.5M | −$103.0M | −$16.1M | — | — | $48.3M | $9.2M | −$2.4M |
| Working capital | $89.5M | $91.5M | $108.1M | $105.7M | $107.0M | $87.1M | $67.8M | $60.5M | $12.9M | $3.4M |
| Tangible book value | $216.2M | $214.6M | $215.9M | $191.5M | $156.3M | $106.3M | $88.7M | $77.7M | $23.0M | $6.3M |
| Book value per share | $14.88 | $12.88 | $13.21 | $12.10 | $9.83 | $7.04 | $6.32 | $7.48 | $1.83 | $0.55 |
| Shares outstanding | 14.7M | 16.8M | 16.5M | 16.0M | 16.1M | 15.3M | 14.3M | 10.5M | 12.9M | 12.9M |
| Current ratio | 1.61 | 1.59 | 2.02 | 2.29 | 1.93 | 2.55 | 3.09 | 3.46 | 1.77 | 1.34 |
| Quick ratio | 0.77 | 0.65 | 0.94 | 0.64 | 0.88 | 1.50 | 1.72 | 2.15 | 0.72 | 0.19 |
| Debt / equity | 0.88 | 0.85 | 0.81 | 0.76 | 0.69 | — | — | 0.01 | 0.00 | 0.47 |
| Equity / assets | 40.9% | 40.6% | 45.1% | 47.3% | 42.8% | 63.1% | 71.7% | 75.0% | 57.0% | 34.0% |
| Jul '26 | Apr '26 | Jan '26 | Oct '25 | Jul '25 | Apr '25 | Jan '25 | Oct '24 | Jul '24 | Apr '24 | Jan '24 | Oct '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $68.8M | $57.0M | $101.9M | $23.7M | $34.2M | $26.9M | $83.7M | $61.7M | $72.1M | $72.4M | $87.0M | $37.7M |
| Cash & equivalents | $68.8M | $57.0M | $101.9M | $23.7M | $34.2M | $26.9M | $83.7M | $61.7M | $72.1M | $72.4M | $87.0M | $37.7M |
| Receivables | $16.7M | $13.2M | $11.7M | $17.0M | $14.1M | $13.0M | $16.8M | $16.1M | $14.8M | $7.2M | $13.5M | $13.0M |
| Inventory | $130.2M | $109.3M | $106.3M | $129.7M | $124.0M | $124.9M | $124.3M | $113.4M | $88.3M | $94.7M | $98.4M | $116.6M |
| Other current assets | $23.2M | $19.6M | $16.7M | $15.6M | $17.6M | $16.6M | $21.7M | $18.7M | $19.0M | $16.5M | $15.5M | $16.9M |
| Total current assets | $238.8M | $199.0M | $236.6M | $186.0M | $189.8M | $181.5M | $246.6M | $209.9M | $194.2M | $190.8M | $214.4M | $184.3M |
| Property, plant & equipment (net) | $249.9M | $248.1M | $249.7M | $249.8M | $249.9M | $249.5M | $235.7M | $234.9M | $236.1M | $239.5M | $226.7M | $212.3M |
| Goodwill & intangible assets | $2.9M | $2.8M | $2.5M | $2.2M | $2.0M | $1.9M | $1.7M | $1.7M | $1.6M | $1.6M | $1.6M | $1.6M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $47.3M | $51.1M | $45.8M | $57.5M | $52.0M | $50.9M | $48.2M | $53.2M | $49.2M | $45.3M | $39.5M | $38.0M |
| Total assets | $539.0M | $501.0M | $534.7M | $495.5M | $493.7M | $483.7M | $532.2M | $499.7M | $481.1M | $477.2M | $482.2M | $436.3M |
| Liabilities | ||||||||||||
| Accounts payable | $60.2M | $43.8M | $43.7M | $45.5M | $36.0M | $25.0M | $51.8M | $48.7M | $28.5M | $28.1M | $28.8M | $37.2M |
| Short-term debt | $24.6M | $24.3M | $24.1M | $22.7M | $22.8M | $22.6M | $22.7M | $21.2M | $19.0M | $18.5M | $17.6M | $17.0M |
| Deferred revenue | $12.5M | $14.3M | $11.5M | $8.7M | $13.6M | $11.6M | $11.2M | $16.6M | $15.3M | $12.1M | $8.3M | $9.7M |
| Total current liabilities | $162.2M | $128.4M | $147.1M | $137.0M | $125.1M | $113.1M | $155.1M | $141.1M | $115.1M | $105.5M | $106.4M | $105.9M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | $191.0M | $190.9M | $192.5M | $191.5M | $193.5M | $191.6M | $183.0M | $182.9M | $182.4M | $184.3M | $175.5M | $161.8M |
| Other long-term liabilities | $166.8M | $167.1M | $168.9M | $169.2M | $171.1M | $169.5M | $160.8M | $162.1M | $163.9M | $166.3M | $158.3M | $144.9M |
| Total liabilities | $329.0M | $295.4M | $316.0M | $306.2M | $296.2M | $282.5M | $315.9M | $303.2M | $278.9M | $271.9M | $264.7M | $250.8M |
| Shareholders' equity | ||||||||||||
| Retained earnings (deficit) | $12.9M | $10.4M | $23.9M | −$8.2M | $2.3M | $8.9M | $25.8M | $7.2M | $15.6M | $21.4M | $34.4M | $3.4M |
| Accumulated other comprehensive income | — | — | — | — | — | — | — | — | $0 | $0 | $0 | $0 |
| Total shareholders' equity | $210.0M | $205.5M | $218.7M | $189.3M | $197.5M | $201.2M | $216.4M | $196.5M | $202.1M | $205.3M | $217.5M | $185.5M |
| Key figures | ||||||||||||
| Total debt | $191.0M | $190.9M | $192.5M | $191.5M | $193.5M | $191.6M | $183.0M | $182.9M | $182.4M | $184.3M | $175.5M | $161.8M |
| Net cash (debt) | −$122.2M | −$133.9M | −$90.7M | −$167.8M | −$159.3M | −$164.7M | −$99.3M | −$121.2M | −$110.3M | −$112.0M | −$88.5M | −$124.1M |
| Working capital | $76.6M | $70.6M | $89.5M | $49.0M | $64.7M | $68.4M | $91.5M | $68.8M | $79.1M | $85.3M | $108.1M | $78.4M |
| Tangible book value | $207.1M | $202.7M | $216.2M | $187.1M | $195.5M | $199.4M | $214.6M | $194.8M | $200.6M | $203.7M | $215.9M | $183.9M |
| Book value per share | $14.33 | $14.01 | $14.90 | $12.92 | $13.50 | $13.60 | $13.04 | $12.62 | $12.97 | $13.21 | $13.60 | $11.95 |
| Shares outstanding | 14.7M | 14.7M | 14.7M | 14.7M | 14.6M | 14.8M | 16.6M | 15.6M | 15.6M | 15.5M | 16.0M | 15.5M |
| Current ratio | 1.47 | 1.55 | 1.61 | 1.36 | 1.52 | 1.60 | 1.59 | 1.49 | 1.69 | 1.81 | 2.02 | 1.74 |
| Quick ratio | 0.53 | 0.55 | 0.77 | 0.30 | 0.39 | 0.35 | 0.65 | 0.55 | 0.76 | 0.75 | 0.94 | 0.48 |
| Debt / equity | 0.91 | 0.93 | 0.88 | 1.01 | 0.98 | 0.95 | 0.85 | 0.93 | 0.90 | 0.90 | 0.81 | 0.87 |
| Equity / assets | 39.0% | 41.0% | 40.9% | 38.2% | 40.0% | 41.6% | 40.6% | 39.3% | 42.0% | 43.0% | 45.1% | 42.5% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed April 2, 2026); data from EODHD.
LOVE financial position
At the end of fiscal 2026 (January 31, 2026), Lovesac had total assets of $534.7 million (up 0.5% from a year earlier), total liabilities of $316.0 million and shareholders' equity of $218.7 million. It held $101.9 million in cash and short-term investments against $192.5 million of debt, net debt of $90.7 million. Its current ratio was 1.61. In the latest quarter (ended July 31, 2026) total assets were $539.0 million and equity $210.0 million.
Related: LOVE income statement, LOVE cash flow statement, LOVE key metrics. See the LOVE stock overview for the latest quote and news.
LOVE balance sheet FAQ
What are Lovesac's total assets?
Lovesac reported total assets of $534.7 million at the end of fiscal 2026 (January 31, 2026), compared with $532.2 million a year earlier.
How much debt does Lovesac have?
Lovesac had $192.5 million of total debt at the end of fiscal 2026, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.88.
How much cash does Lovesac have?
Lovesac held $101.9 million in cash and short-term investments at the end of fiscal 2026; with $192.5 million of debt that is net debt of $90.7 million.
What is Lovesac's book value?
Lovesac's shareholders' equity (book value) was $218.7 million at the end of fiscal 2026, or $14.88 per share.
What is Lovesac's current ratio?
Lovesac had current assets of $236.6 million and current liabilities of $147.1 million, a current ratio of 1.61 (it can cover its short-term obligations).
How much goodwill does Lovesac have?
Lovesac carried $2.5 million of goodwill and intangible assets, 0.5% of total assets, at the end of fiscal 2026.