Lulu's Fashion Lounge Holdings, Inc.
LVLU Consumer Cyclical Apparel Retail
Lulu's Fashion Lounge Holdings, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $282.3 million, down 10.6% from fiscal 2024. In the quarter to June 2026, revenue fell 16.8%, EPS grew 51.9% and free cash flow grew 107.6%, each against the same quarter a year earlier.
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Lulu's Fashion Lounge Holdings, Inc. (LVLU) Altman Z-score
Lulu's Fashion Lounge Holdings, Inc.'s Altman Z-score for fiscal 2025 is −1.74, in the distress zone (below 1.81).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2025 | −1.74 | 0.11 |
| FY2024 | −1.85 | (2.40) |
| FY2023 | 0.55 | (1.52) |
| FY2022 | 2.07 | (1.55) |
| FY2021 | 3.62 | — |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | (0.35) | — | −0.42 | |
| Retained earnings / total assets | (2.93) | — | −4.11 | |
| EBIT / total assets | (0.14) | — | −0.47 | |
| Market value of equity / total liabilities | 0.17 | — | 0.10 | |
| Sales / total assets | 3.16 | — | 3.16 | |
| Altman Z-score | Distress zone | −1.74 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Distress zone | −12.78 | ||
How the Altman Z-score works
Z = 1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets (Altman, 1968). The market value of equity is the close on the last trading day of the fiscal year times weighted basic shares.
Z″ = 6.56 × working capital ÷ total assets + 3.26 × retained earnings ÷ total assets + 6.72 × EBIT ÷ total assets + 1.05 × book equity ÷ total liabilities (Altman, Hartzell and Peck, 1995), the variant for non-manufacturing and asset-light companies.
| Zone | Z | Z″ |
|---|---|---|
| Safe zone | above 2.99 | above 2.60 |
| Grey zone | 1.81–2.99 | 1.10–2.60 |
| Distress zone | below 1.81 | below 1.10 |
Not worked out for banks, insurers and REITs, whose balance sheets the model does not describe, nor when a figure is missing or there is no share price in the week to the fiscal year end.
Altman Z-score against peers
| Company | Altman Z-score |
|---|---|
| BRIA BrilliA Inc compare | 4.9× |
| CATO Cato Corporation (The) compare | 1.8× |
| JEM 707 Cayman Holdings Limited compare | 1.4× |
| TLYS Tilly's, Inc. compare | 1.4× |
| DXLG Destination XL Group, Inc. compare | 0.9× |
| AKA a.k.a. Brands Holding Corp. compare | 0.5× |
| LVLU Lulu's Fashion Lounge Holdings, Inc. | −1.7× |
| RENT Rent the Runway, Inc. compare | −6.1× |
| BIRD Smartbird, Inc. compare | −7.5× |
What Altman Z-score is
The Altman Z-Score weighs working capital, retained earnings, operating profit, market value and sales against assets and debts to gauge the risk of distress.
1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets