The Lovesac Company (LOVE) Income Statement
LOVE FY2026 at a glance
Fiscal year ended January 31, 2026 · U.S. dollarsLOVE revenue and net income
Where LOVE's revenue goes
FY2026Each bar shows an amount and its share of revenue. LOVE kept 0.6% of revenue as net income.
LOVE profit margins
LOVE growth rates
to FY2026| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +2.4% | +2.3% | +16.8% | +25.1% |
| Gross profit | −5.0% | +3.2% | +16.7% | +25.0% |
| Operating income | −60.7% | −47.5% | −18.5% | — |
| Net income | −64.8% | −46.5% | −22.7% | — |
| EPS (diluted) | −31.6% | −15.9% | +3.6% | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
LOVE quarterly EPS vs estimates
Lovesac beat the analyst EPS estimate in 8 of the last 8 quarters. Next report: December 10, 2026 (estimate $-0.72).
LOVE income statement
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $697.1M | $680.6M | $700.3M | $651.2M | $498.2M | $320.7M | $233.4M | $165.9M | $101.8M | $76.3M |
| Cost of revenue | $319.1M | $282.8M | $299.2M | $307.5M | $224.7M | $146.0M | $116.7M | $75.0M | $44.6M | $34.6M |
| Gross profit | $378.0M | $397.8M | $401.0M | $343.7M | $273.5M | $174.8M | $116.7M | $90.9M | $57.2M | $41.7M |
| Sales, general & admin | $372.6M | $369.5M | $358.4M | $295.8M | $225.1M | $111.4M | $98.1M | $76.4M | $60.0M | $47.8M |
| Total operating expenses | $372.6M | $384.2M | $371.0M | $306.7M | $233.0M | $159.9M | $132.5M | $97.9M | $62.3M | $47.9M |
| Operating income | $5.4M | $13.6M | $30.1M | $37.0M | $40.6M | $14.9M | −$15.8M | −$7.0M | −$5.0M | −$6.2M |
| Interest income | $1.3M | $2.8M | $1.7M | — | — | — | $646,844 | $355,364 | — | — |
| Interest expense | — | $2.8M | $117,000 | $117,000 | $179,000 | $67,384 | $645,843 | $355,364 | $437,965 | $565,557 |
| Income before taxes | $6.7M | $16.4M | $31.8M | $36.8M | $40.4M | $14.8M | −$15.2M | −$6.7M | −$5.5M | −$6.7M |
| Income taxes | $2.6M | $4.9M | $8.0M | $10.4M | −$7.1M | $86,000 | $43,000 | $16,407 | $26,000 | $138,000 |
| Net income | $4.1M | $11.6M | $23.9M | $26.5M | $47.5M | $14.7M | −$15.2M | −$6.7M | −$5.5M | −$6.9M |
| EBITDA | $21.9M | $31.2M | $44.4M | $47.8M | $48.4M | $21.5M | −$10.7M | −$3.9M | −$2.8M | −$4.1M |
| EPS (diluted) | $1.04 | $1.52 | $1.58 | $1.75 | $2.89 | $0.87 | −$1.07 | −$0.73 | −$0.41 | −$0.53 |
| Gross margin | 54.2% | 58.5% | 57.3% | 52.8% | 54.9% | 54.5% | 50.0% | 54.8% | 56.2% | 54.6% |
| Operating margin | 0.8% | 2.0% | 4.3% | 5.7% | 8.1% | 4.6% | −6.8% | −4.2% | −4.9% | −8.1% |
| Net margin | 0.6% | 1.7% | 3.4% | 4.1% | 9.5% | 4.6% | −6.5% | −4.0% | −5.4% | −9.0% |
| Jul '26 | Apr '26 | Jan '26 | Oct '25 | Jul '25 | Apr '25 | Jan '25 | Oct '24 | Jul '24 | Apr '24 | Jan '24 | Oct '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $161.2M | $138.2M | $248.0M | $150.2M | $160.5M | $138.4M | $241.5M | $149.9M | $156.6M | $132.6M | $250.5M | $154.0M |
| Cost of revenue | $55.2M | $66.2M | $104.0M | $65.9M | $69.9M | $64.0M | $95.7M | $62.3M | $64.2M | $60.6M | $100.9M | $65.6M |
| Gross profit | $106.1M | $72.0M | $144.0M | $84.2M | $90.6M | $74.4M | $145.8M | $87.6M | $92.4M | $72.0M | $149.6M | $88.4M |
| Research & development | $1.8M | — | — | — | — | — | — | — | — | — | — | — |
| Sales, general & admin | $95.1M | $85.2M | $95.3M | $96.0M | $95.6M | $85.7M | $94.4M | $91.7M | $97.0M | $86.4M | $76.3M | $63.8M |
| Total operating expenses | $95.1M | $89.3M | $99.1M | $100.0M | $99.4M | $89.3M | $98.2M | $95.4M | $100.7M | $89.9M | $109.3M | $92.1M |
| Operating income | $10.9M | −$17.4M | $44.9M | −$15.8M | −$8.8M | −$15.0M | $47.6M | −$7.7M | −$8.4M | −$17.9M | $40.4M | −$3.6M |
| Interest income | $1.2M | $666,000 | — | — | $100,000 | $325,000 | — | — | $694,000 | $744,000 | — | — |
| Interest expense | — | — | — | — | — | — | — | — | — | — | $786,000 | $16,000 |
| Income before taxes | $12.2M | −$16.7M | $45.6M | −$15.6M | −$8.7M | −$14.6M | $48.3M | −$7.0M | −$7.7M | −$17.1M | $41.2M | −$3.3M |
| Income taxes | −$4.7M | −$5.6M | $13.5M | −$5.0M | −$2.1M | −$3.8M | $13.0M | −$2.1M | −$1.8M | −$4.2M | $10.2M | −$999,000 |
| Net income | $7.4M | −$11.1M | $32.1M | −$10.6M | −$6.7M | −$10.8M | $35.3M | −$4.9M | −$5.9M | −$13.0M | $31.0M | −$2.3M |
| EBITDA | $15.2M | −$12.6M | $49.4M | −$11.6M | −$4.9M | −$11.0M | $52.0M | −$3.4M | −$3.9M | −$13.6M | $44.6M | −$29,000 |
| EPS (diluted) | −$0.35 | −$0.64 | $2.23 | −$0.45 | −$0.15 | −$0.59 | $2.24 | −$0.01 | −$0.08 | −$0.63 | $1.87 | −$0.02 |
| Gross margin | 65.8% | 52.1% | 58.1% | 56.1% | 56.4% | 53.7% | 60.4% | 58.5% | 59.0% | 54.3% | 59.7% | 57.4% |
| Operating margin | 6.8% | −12.6% | 18.1% | −10.5% | −5.5% | −10.8% | 19.7% | −5.2% | −5.3% | −13.5% | 16.1% | −2.3% |
| Net margin | 4.6% | −8.0% | 12.9% | −7.0% | −4.1% | −7.8% | 14.6% | −3.3% | −3.7% | −9.8% | 12.4% | −1.5% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in LOVE's financial statements (latest annual report filed April 2, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
LOVE financial results
In fiscal year 2026 (ended January 31, 2026), Lovesac reported revenue of $697.1 million, up 2.4% from the year before. It had net income of $4.1 million (down 64.8%), a net profit margin of 0.6%. Diluted earnings per share came to $1.04. Over five years revenue grew at an average rate of 16.8% a year.
See the LOVE stock overview for the latest quote and news, or the LOVE chart for price history and technical indicators.
LOVE income statement FAQ
What is Lovesac's annual revenue?
Lovesac reported total revenue of $697.1 million for fiscal year 2026, which ended on January 31, 2026. That was up 2.4% from $680.6 million the previous year.
Is Lovesac profitable?
Yes. Lovesac reported net income of $4.1 million in fiscal 2026, a net profit margin of 0.6%; its operating margin was 0.8%.
What is Lovesac's gross margin?
Lovesac's gross margin was 54.2% in fiscal 2026: for every $100 of revenue, Lovesac kept $54 after the direct cost of its products and services.
How fast is Lovesac growing?
Revenue grew 16.8% a year on average over the last five fiscal years, from $320.7 million to $697.1 million.
What are Lovesac's earnings per share?
Lovesac earned $1.04 per diluted share in fiscal 2026, compared with $1.52 a year earlier.
When will Lovesac report its next earnings?
Lovesac is expected to report results for the quarter ending October 31, 2026 on December 10, 2026 before the market opens.
When does Lovesac's fiscal year end?
Lovesac's fiscal year ends in January. The latest annual report covers the year ended January 31, 2026 and was filed on April 2, 2026.