Estados financieros detallados de Lulu's Fashion Lounge Holdings, Inc. (LVLU): cuenta de resultados, balance general y flujo de caja. Sigue la evolución de márgenes, deuda, liquidez y rentabilidad año a año con hasta 20 años de histórico.
Resumen del Análisis
Lulu's Fashion Lounge Holdings, Inc. registró ingresos de $282.3M en el último ejercicio fiscal, con un CAGR de 5 años del 2.6%.
Márgenes de los últimos 12 meses: margen bruto 45.1%, margen operativo -2.5%, margen neto -3.0%. El flujo de caja libre creció a un CAGR del -22.7% en 5 años.
Al precio actual de $9.90, LVLU presenta beneficios negativos (P/E no significativo) y un ROE del -9.03%. La capitalización bursátil es de $28M.
Cuenta de Resultados (10 años)
| Año | 2017 | 2018 | 2019 | 2020 | 2022 | 2023 | 2023 | 2024 | 2025 |
|---|
| Ingresos | $232.5M | $297.1M | $369.6M | $248.7M | $375.6M | $439.7M | $355.2M | $315.9M | $282.3M |
| Coste de Ventas | $122.2M | $164.8M | $208.4M | $138.4M | $198.9M | $248.2M | $206.9M | $185.6M | $160.2M |
| Beneficio Bruto | $110.2M | $132.3M | $161.2M | $110.3M | $176.7M | $191.4M | $148.2M | $130.2M | $122.1M |
| I+D | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Generales y Administrativos | $76.4M | $113.7M | $146.3M | $115.0M | $154.4M | $182.7M | $168.4M | $154.3M | $134.7M |
| Gastos Operativos | $77.5M | $113.3M | $146.3M | $115.0M | $154.4M | $182.7M | $168.4M | $182.6M | $134.7M |
| Beneficio Operativo | $33.9M | $18.6M | $14.9M | -$4.7M | $22.3M | $8.7M | -$20.2M | -$52.4M | -$12.6M |
| EBITDA | $35.5M | $21.2M | $18.0M | -$1.3M | $23.9M | $16.3M | -$14.5M | -$46.2M | -$5.9M |
| Gastos por Intereses | 0 | 0 | $15.2M | $16.0M | $12.8M | $1.1M | $1.7M | $1.3M | $2.5M |
| Beneficio Antes de Impuestos | $23.4M | $5.3M | -$24000 | -$20.6M | $8.3M | $7.8M | -$21.0M | -$53.0M | -$13.5M |
| Impuestos | $8.5M | $4.2M | $445000 | -$1.3M | $6.2M | $4.0M | -$1.7M | $2.3M | -$188000 |
| Beneficio Neto | $14.9M | $1.0M | -$469000 | -$19.3M | $2.0M | $3.7M | -$19.3M | -$55.3M | -$13.3M |
| BPA | $10.80 | $0.75 | $-0.18 | $-7.56 | $-48.00 | $1.45 | $-7.27 | $-20.00 | $-4.90 |
| BPA Diluido | $10.80 | $0.75 | $-0.18 | $-7.56 | $-48.00 | $1.44 | $-7.27 | $-20.00 | $-4.90 |
| Acciones en Circulación (Diluidas) | $1.4M | $1.2M | $2.6M | $2.6M | $2.6M | $2.6M | $2.7M | $2.8M | $2.8M |
Cuenta de Resultados (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Ingresos | $73.6M | $63.0M | $57.5M | $67.8M |
| Beneficio Bruto | $31.4M | $27.9M | $25.9M | $33.0M |
| Beneficio Operativo | -$1.9M | $39000 | -$3.5M | -$1.2M |
| EBITDA | -$381000 | $1.5M | -$2.4M | -$1.2M |
| Beneficio Neto | -$2.2M | -$133000 | -$4.1M | -$1.5M |
| BPA | $-0.84 | $-0.14 | $-1.44 | $-0.52 |
| BPA Diluido | $-0.84 | $-0.14 | $-1.44 | $-0.52 |
Balance (10 años)
| Año | 2017 | 2018 | 2019 | 2020 | 2022 | 2023 | 2023 | 2024 | 2025 |
|---|
| Caja y Equivalentes | $5.6M | $7.7M | $5.9M | $15.6M | $11.4M | $10.2M | $2.5M | $4.5M | $2.7M |
| Inversiones a Corto | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cuentas por Cobrar | $1.4M | $2.3M | $6.4M | $6.6M | $6.4M | $8.0M | $6.1M | $6.3M | $2.7M |
| Inventario | $19.0M | $24.3M | $29.4M | $18.0M | $22.2M | $43.2M | $35.5M | $34.0M | $32.4M |
| Activos Corrientes | $33.1M | $42.3M | $46.8M | $42.8M | $49.1M | $69.0M | $52.5M | $51.5M | $43.6M |
| Inmovilizado Material | $2.6M | $3.1M | $4.1M | $3.1M | $3.2M | $36.9M | $34.2M | $27.7M | $16.8M |
| Fondo de Comercio | $35.4M | $35.4M | $35.4M | $35.4M | $35.4M | $35.4M | $35.4M | $7.1M | $7.1M |
| Activos Intangibles | $20.6M | $21.0M | $21.2M | $20.8M | $20.8M | $21.6M | $21.8M | $21.3M | $2.7M |
| Activos Totales | $92.5M | $103.7M | $110.5M | $105.1M | $113.8M | $167.2M | $149.4M | $108.2M | $89.4M |
| Cuentas por Pagar | $7.2M | $5.6M | $11.0M | $7.2M | $4.2M | $5.3M | $8.9M | $11.0M | $8.3M |
| Deuda a Corto | $10.1M | $10.1M | $14.1M | $18.7M | 0 | 0 | $8.0M | $13.1M | $20.8M |
| Pasivos Corrientes | $28.5M | $36.6M | $51.2M | $41.3M | $43.1M | $47.6M | $61.9M | $74.3M | $75.1M |
| Deuda a Largo | $113.9M | $108.2M | $96.7M | $96.9M | $25.0M | $25.0M | 0 | 0 | 0 |
| Pasivos Totales | $144.2M | $146.5M | $151.8M | $140.6M | $69.3M | $102.3M | $88.5M | $94.8M | $86.3M |
| Reservas | -$51.7M | -$159.9M | -$160.3M | -$179.6M | -$177.6M | -$173.9M | -$193.2M | -$248.5M | -$262.2M |
| Patrimonio Neto | -$51.7M | -$42.8M | -$41.2M | -$35.6M | $44.5M | $64.9M | $61.0M | $13.4M | $3.0M |
| Deuda Total | $124.1M | $118.3M | $110.8M | $115.6M | $25.0M | $58.5M | $39.1M | $39.4M | $31.2M |
| Deuda Neta | $118.4M | $110.6M | $104.9M | $100.0M | $13.6M | $48.3M | $36.6M | $34.9M | $28.5M |
| Capital Circulante | $4.6M | $5.7M | -$4.3M | $1.5M | $5.9M | $21.4M | -$9.4M | -$22.8M | -$31.4M |
Balance (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caja y Equivalentes | $1.9M | $2.7M | $7.4M | $4.1M |
| Activos Totales | $103.3M | $89.4M | $100.5M | $86.7M |
| Pasivos Totales | $100.8M | $86.3M | $101.0M | $88.2M |
| Patrimonio Neto | $2.5M | $3.0M | -$525000 | -$1.5M |
| Deuda Total | $27.3M | $31.2M | $29.5M | $25.4M |
Flujo de Caja (10 años)
| Año | 2017 | 2018 | 2019 | 2020 | 2022 | 2023 | 2023 | 2024 | 2025 |
|---|
| Beneficio Neto | $14.9M | $1.1M | -$469000 | -$19.3M | $2.0M | $3.7M | -$19.3M | -$55.3M | -$13.7M |
| Amortizaciones | $1.7M | $2.6M | $3.0M | $3.2M | $2.8M | $4.1M | $4.8M | $5.5M | $5.1M |
| Compensación en Acciones | $641000 | $4.0M | $2.0M | 0 | $15.1M | $16.1M | $17.7M | $8.1M | $4.5M |
| Cambio en Capital Circulante | -$9.0M | $4.1M | $6.8M | -$2.9M | $6.6M | -$22.8M | $10.9M | $7.6M | $754000 |
| Flujo de Caja Operativo | $10.8M | $9.5M | $11.9M | $4.4M | $26.9M | $6.2M | $15.4M | $2.6M | $1.4M |
| Inversiones (CapEx) | -$2.2M | -$1.6M | -$4.0M | -$700000 | -$3.0M | -$5.0M | -$1.9M | -$2.9M | -$350000 |
| Adquisiciones | 0 | 0 | 0 | $60000 | 0 | 0 | 0 | 0 | 0 |
| Recompra de Acciones | 0 | -$113.3M | 0 | 0 | 0 | 0 | 0 | -$496000 | -$886000 |
| Dividendos Pagados | -$61.2M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Flujo de Caja Libre | $8.7M | $7.8M | $7.8M | $3.7M | $23.9M | $1.2M | $13.5M | -$273000 | $1.0M |
Flujo de Caja (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Flujo de Caja Operativo | -$1.8M | -$3.8M | $6.9M | $586000 |
| Inversiones (CapEx) | -$32000 | -$42000 | -$400000 | -$86000 |
| Flujo de Caja Libre | -$1.9M | -$3.8M | $6.5M | $500000 |
| Dividendos Pagados | 0 | 0 | 0 | 0 |
| Compensación en Acciones | $823000 | $1.5M | $717000 | 0 |
Crecimiento y Márgenes (10 años)
| Año | 2017 | 2018 | 2019 | 2020 | 2022 | 2023 | 2023 | 2024 | 2025 |
|---|
| Crecimiento Ingresos (anual) | | +27.8% | +24.4% | -32.7% | +51.1% | +17.0% | -19.2% | -11.1% | -10.6% |
| Crecimiento Beneficio Neto (anual) | | -93.3% | -146.8% | -4016.0% | +110.6% | +82.2% | -619.0% | -186.0% | +75.9% |
| Crecimiento BPA (anual) | | -93.1% | -124.0% | -4100.0% | -534.9% | +103.0% | -601.4% | -175.1% | +75.5% |
| Cambio en Acciones (anual) | | -11.0% | +114.4% | +0.0% | -2.2% | +1.1% | +2.6% | +4.0% | +1.3% |
| Crecimiento FCF (anual) | | -9.6% | -0.2% | -52.5% | +543.4% | -95.0% | +1039.8% | -102.0% | +476.9% |
| Margen Bruto | 47.4% | 44.5% | 43.6% | 44.4% | 47.1% | 43.5% | 41.7% | 41.2% | 43.2% |
| Margen Operativo | 14.6% | 6.3% | 4.0% | -1.9% | 5.9% | 2.0% | -5.7% | -16.6% | -4.5% |
| Margen EBITDA | 15.3% | 7.1% | 4.9% | -0.5% | 6.4% | 3.7% | -4.1% | -14.6% | -2.1% |
| Margen Neto | 6.4% | 0.3% | -0.1% | -7.8% | 0.5% | 0.8% | -5.4% | -17.5% | -4.7% |
| Margen FCF | 3.7% | 2.6% | 2.1% | 1.5% | 6.4% | 0.3% | 3.8% | -0.1% | 0.4% |
| Tasa Impositiva Efectiva | 36.4% | 78.9% | -1854.2% | 6.2% | 75.2% | 52.1% | 8.0% | -4.4% | 1.4% |
Datos por Acción (10 años)
| Año | 2017 | 2018 | 2019 | 2020 | 2022 | 2023 | 2023 | 2024 | 2025 |
|---|
| FCF por Acción | $6.32 | $6.42 | $2.99 | $1.42 | $9.34 | $0.46 | $5.09 | $-0.10 | $0.37 |
| Dividendo por Acción | $44.57 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Acciones en Circulación (Básicas) | $1.4M | $1.2M | $2.6M | $2.6M | $2.6M | $2.6M | $2.7M | $2.8M | $2.8M |
Qué mirar en empresas de Consumer Cyclical
- Margen operativo medio 5a (Media del ciclo) — Mira la media del ciclo, no el año actual (pico o valle).
- Rotación de inventario (≥4x/año) — El retail sano rota inventario rápido. Una caída señala demanda débil.
- ROIC medio 5a (≥12%) — Cíclicas con ROIC medio >12% son ganadoras estructurales.
- Deuda neta / EBITDA (pico) (<3x en valle) — En cíclicas la deuda mata en recesión.
- Current Ratio (>1,5x) — Aguanta 12-18 meses sin caja operativa.
- Altman Z-Score (>2,99 seguro) — Modelo de bancarrota — clave en cíclicas sensibles a recesión.
Rentabilidad
| Rentabilidad sobre capital | -903.25% |
| Rentabilidad sobre capital invertido | -26.74% |
| Rentabilidad sobre activos | -9.13% |
| Margen bruto | 45.12% |
| Margen operativo | -2.55% |
| Margen neto | -3.02% |
Salud financiera
| Deuda / Patrimonio | -16.94 |
| Ratio corriente | 0.54 |
Ratios Clave (10 años)
| Año | 2017 | 2018 | 2019 | 2020 | 2022 | 2023 | 2023 | 2024 | 2025 |
|---|
| P/E | 18.14 | 261.20 | -1088.33 | -25.91 | -3.14 | 25.97 | -3.84 | -0.84 | -1.10 |
| P/VC | -5.20 | -5.59 | -12.44 | -14.43 | 8.66 | 1.49 | 1.22 | 3.47 | 5.03 |
| P/V | 1.16 | 0.81 | 1.39 | 2.06 | 1.03 | 0.22 | 0.21 | 0.15 | 0.05 |
| Margen Bruto | 47.4% | 44.5% | 43.6% | 44.4% | 47.1% | 43.5% | 41.7% | 41.2% | 43.2% |
| Margen Operativo | 14.6% | 6.3% | 4.0% | -1.9% | 5.9% | 2.0% | -5.7% | -16.6% | -4.5% |
| Margen Neto | 6.4% | 0.3% | -0.1% | -7.8% | 0.5% | 0.8% | -5.4% | -17.5% | -4.7% |