The Lovesac Company (LOVE)

From the record

The Lovesac Company's filings since 2017 show 5 warning events of 4 kinds: a notice about its exchange listing (8-K item 3.01, the latest 2023-09-22); a warning not to rely on past financial statements (8-K item 4.02, the latest 2023-08-16); an auditor change (8-K item 4.01, the latest 2022-07-22); a late-report notice (Form NT 10-K or NT 10-Q, 2 times, the latest 2023-09-08) (its current reports).

From the record

The Lovesac Company's 9 filed years say what it did: revenue went from $102 million in fiscal 2018 to $697 million in fiscal 2026, up 27.2% a year; it rose in 7 of 8 years; the deepest fall was 3% from fiscal 2024 to fiscal 2025; net income was positive in 6 of 9 of those years (its annual reports).

From the record

Over the 3 fiscal years to 2026-02-01, The Lovesac Company's diluted share count shrank about 2.7% a year, and dividends and buybacks returned about 16% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 1 sale and 5 purchases of their own stock on the open market in the year to 2026-09-30, buying about $530 thousand (their Form 4 filings).

From the record

Return on equity: in the fiscal year ended 2026-02-01, The Lovesac Company earned about 2 cents of profit for every dollar of shareholders' money, and gross profitability: its products earned about 74 cents per dollar of everything the company owns. Leverage: it owed about 59 cents per dollar of assets, and net share issuance: its share count shrank 12.5% over the year (the filed statements).

From the record

The Lovesac Company's standing among 11 graded names in its industry family: revenue of $697 million in fiscal 2026 ranks in the bottom 32% by size; a net margin of 0.6% ranks in the bottom 14%; revenue growth of 2.3% a year over the last 3 filed years ranks in the top 23% (its annual reports).

From the record

The Lovesac Company's leadership, from its insiders' filings and its current reports: the chief executive on the record is Nelson, Shawn David (Chief Executive Officer, as filed), filing under that title since 2018-06-26, 8.4 years (top 25% of its family); the 11 officers and directors filing in the last fifteen months have been on the record a median of 5.4 years (top 50%); 5 officer or director changes were reported on Form 8-K since 2023-11-13, against the 11 people in charge now (bottom 39%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

From the record

The Lovesac Company's room to grow, from the newest filed statements (fiscal 2026): cash of $102 million against no long-term debt tagged leaves 19% of its assets as net cash, bottom 41% of its family; cash from operations less capital spending is 3.8% of revenue (bottom 41%); a gross margin of 56.4% (top 23%); research spending of 1% of revenue (top 25%) (its annual report).

From the record

The Lovesac Company's growth drivers, from the filed years to fiscal 2026: revenue grew 2.3% a year over the last three filed years against 27.2% over all 9, slowing (bottom 5% of its family); the newest year grew 2.4% (bottom 35%); research spending grew -5.9% a year (top 50%); capital spending grew -2.9% a year (top 45%) (its annual reports). The Lovesac Company reported 3 lines of business in fiscal 2026: Sactionals at $635 million (91%), Sacs at $43 million (6%), All Other at $20 million (3%); 2 of 3 grew against the year before (its annual report).

From the record

The Lovesac Company's newest year against its own record: revenue of $697 million in fiscal 2026 came in 0.2% above the $696 million its prior three years' pace pointed to (bottom 15% of its family); net income of $4 million against a prior three-year average of $21 million (bottom 5%); a net margin of 0.6% against 3.1% before (bottom 45%) (its annual reports).