Forensic Analysis · Retail / Consumer Discretionary · as of Jul 18, 2026
Lulu's Fashion Lounge Holdings, Inc. (LVLU)
A forensic read on Lulu's Fashion Lounge Holdings, Inc. built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.
F · Poor — capital at risk
Forensic grade
Distress
Financial health
-12.8
Altman Z-score
Clean
Earnings quality
4
Forensic signals
Lulu's Fashion Lounge Holdings, Inc. earns a F (Poor — capital at risk) forensic quality grade, and its Altman Z-score is -12.8, placing it in the Distress zone. 4 forensic signals were flagged in its latest SEC filings, led by return on invested capital.
What the filings flag
-86%Return on invested capital.Return on invested capital is -86% in the latest fiscal year and slipping from 25% — well below its ~9% cost of capital, so reinvested dollars may be destroying value, not building it.
1.6% of revStock-based comp load.Stock-based compensation ran 1.6% of revenue and 435% of free cash flow in FY2025 — about $1.60 per diluted share. Heavy — a large slice of 'free cash flow' is really being paid out in stock, so the true owner cash per share is well below the headline.
76dInventory days.Days inventory outstanding moved from 67 to 76 FY2024→FY2025 (against cost of goods sold; inventory -5% vs -14% in cost of sales). Inventory is building a little faster than sales — watch for markdowns.
$28MGoodwill impairments.Took $28M of goodwill writedowns across 1 year (FY2024 ($28M)). Writedowns mean past acquisitions underperformed what was paid for them — worth weighing on capital-allocation skill.
Key fundamentals
Latest Revenue$282.3M
Revenue Growth YoY-10.6%
Revenue CAGR (3yr)-9.1%
Net Margin-4.9%
Free Cash Flow$-299,000.00
Go deeper — free with an account
The forensic grade and screens above are free — no account needed. An account adds the full interactive deep-dive on Lulu's Fashion Lounge Holdings, Inc.:
🔒The written investment read — what the numbers mean, in plain English
🔒Ask anything about LVLU's filings — AI Q&A across the 10-K, 10-Qs & 8-Ks
🔒Interactive valuation — reverse-DCF sliders, Monte Carlo & scenario stress
🔒Calibrated 12-month price forecast, with the math shown