---
title: "Lulus Fashion Lounge | 8-K: FY2026 Q1 Revenue: USD 57.53 M"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286308898.md"
datetime: "2026-05-13T20:03:25.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286308898.md)
  - [en](https://longbridge.com/en/news/286308898.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286308898.md)
---

# Lulus Fashion Lounge | 8-K: FY2026 Q1 Revenue: USD 57.53 M

Revenue: As of FY2026 Q1, the actual value is USD 57.53 M.

EPS: As of FY2026 Q1, the actual value is USD -1.44.

EBIT: As of FY2026 Q1, the actual value is USD -3.153 M.

#### Net Revenue

Lulu’s Fashion Lounge Holdings, Inc. reported net revenue of $57.5 million for the first quarter ended March 29, 2026, which is a 10% decrease compared to $64.155 million in the same period last year. This decrease was primarily due to a 15% reduction in Total Orders Placed, partially offset by a 4% increase in Average Order Value (AOV). Wholesale revenue doubled year-over-year.

#### Gross Profit and Margin

Gross profit increased by 0.4% to $25.9 million for Q1 2026, compared to $25.841 million in the prior year. The gross margin expanded by 480 basis points to 45.1% in Q1 2026, up from 40.3% in Q1 2025.

#### Net Loss

The net loss for Lulu’s Fashion Lounge Holdings, Inc. improved to - $4.1 million in Q1 2026, compared to a net loss of - $8.0 million in the same period last year, representing a $3.9 million improvement year-over-year.

#### Operating Expenses

Selling and marketing expenses were $14.037 million in Q1 2026, down from $15.915 million in Q1 2025. General and administrative expenses decreased to $15.458 million from $18.044 million year-over-year. Loss from operations improved to - $3.547 million in Q1 2026 from - $8.118 million in Q1 2025.

#### Adjusted EBITDA

Adjusted EBITDA was - $1.5 million for Q1 2026, a $3.1 million improvement compared to - $4.7 million in the same period last year. The Adjusted EBITDA Margin was -2.7%, up from -7.3% in Q1 2025.

#### Cash Flow

Net cash provided by operating activities was $6.9 million in Q1 2026, a decrease from $8.3 million in Q1 2025. Free Cash Flow was $6.5 million, down from $7.8 million in the prior year period.

#### Debt and Inventory

Total debt decreased by $1.1 million to $13.3 million, and Net Debt decreased by $5.8 million to $5.9 million during the thirteen weeks ended March 29, 2026. The inventory balance was $33.1 million, a 17% decrease compared to $39.7 million in the same period last year.

#### Operational Metrics

Active Customers decreased by 11% to 2.3 million in Q1 2026, compared to 2.6 million in the same period last year. Average Order Value increased by 4% to $142 from $136 year-over-year.

#### Outlook / Guidance

Lulu’s Fashion Lounge Holdings, Inc. reaffirmed its financial outlook for the full fiscal year 2026, anticipating Adjusted EBITDA to become positive, an improvement from - $1.2 million in 2025. The company also expects an improved year-over-year net revenue growth trend compared to an 11% decrease in 2025, with capital expenditures projected between $2.0 million and $2.5 million. For the second quarter of 2026, the company expects positive Adjusted EBITDA that will outperform the results from the same period last year.

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