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Side-by-side financial comparison of Cheer Holding, Inc. (CHR) and Lulu's Fashion Lounge Holdings, Inc. (LVLU). Click either name above to swap in a different company.

Cheer Holding, Inc. is the larger business by last-quarter revenue ($71.0M vs $66.1M, roughly 1.1× Lulu's Fashion Lounge Holdings, Inc.). Cheer Holding, Inc. runs the higher net margin — 10.9% vs -48.2%, a 59.1% gap on every dollar of revenue. On growth, Cheer Holding, Inc. posted the faster year-over-year revenue change (-0.1% vs -11.8%).

Cheer Holding, Inc. is a diversified holding company primarily operating in the Chinese market, with core business segments covering early childhood education services, mobile lifestyle platforms, digital content offerings, and integrated consumer solutions for households and enterprise partners across multiple demand scenarios.

Lulu's Fashion Lounge Holdings, Inc. is a direct-to-consumer women's fashion retailer offering affordable, trendy apparel, footwear, and accessories. It primarily serves Gen Z and millennial consumers across North America, operating mainly via its e-commerce platform, with limited pop-up physical locations to boost customer engagement.

CHR vs LVLU — Head-to-Head

Bigger by revenue
CHR
CHR
1.1× larger
CHR
$71.0M
$66.1M
LVLU
Growing faster (revenue YoY)
CHR
CHR
+11.7% gap
CHR
-0.1%
-11.8%
LVLU
Higher net margin
CHR
CHR
59.1% more per $
CHR
10.9%
-48.2%
LVLU

Income Statement — Q2 FY2025 vs Q4 FY2024

Metric
CHR
CHR
LVLU
LVLU
Revenue
$71.0M
$66.1M
Net Profit
$7.8M
$-31.9M
Gross Margin
70.7%
37.9%
Operating Margin
11.7%
-52.8%
Net Margin
10.9%
-48.2%
Revenue YoY
-0.1%
-11.8%
Net Profit YoY
-37.5%
-340.9%
EPS (diluted)
$0.67
$-13.46

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
CHR
CHR
LVLU
LVLU
Q2 25
$71.0M
Q4 24
$66.1M
Q3 24
$80.5M
Q2 24
$71.1M
$92.0M
Q1 24
$77.3M
Q4 23
$83.1M
Q3 23
$106.1M
Q2 23
$91.0M
Net Profit
CHR
CHR
LVLU
LVLU
Q2 25
$7.8M
Q4 24
$-31.9M
Q3 24
$-6.9M
Q2 24
$12.4M
$-10.8M
Q1 24
$-5.7M
Q4 23
$-3.9M
Q3 23
$-2.6M
Q2 23
$-5.6M
Gross Margin
CHR
CHR
LVLU
LVLU
Q2 25
70.7%
Q4 24
37.9%
Q3 24
38.1%
Q2 24
73.4%
45.5%
Q1 24
42.3%
Q4 23
40.3%
Q3 23
44.7%
Q2 23
41.7%
Operating Margin
CHR
CHR
LVLU
LVLU
Q2 25
11.7%
Q4 24
-52.8%
Q3 24
-8.5%
Q2 24
16.4%
-4.9%
Q1 24
-8.0%
Q4 23
-5.9%
Q3 23
-1.6%
Q2 23
-6.5%
Net Margin
CHR
CHR
LVLU
LVLU
Q2 25
10.9%
Q4 24
-48.2%
Q3 24
-8.5%
Q2 24
17.5%
-11.7%
Q1 24
-7.4%
Q4 23
-4.7%
Q3 23
-2.4%
Q2 23
-6.2%
EPS (diluted)
CHR
CHR
LVLU
LVLU
Q2 25
$0.67
Q4 24
$-13.46
Q3 24
$-2.47
Q2 24
$1.23
$-3.92
Q1 24
$-0.15
Q4 23
$-0.10
Q3 23
$-0.07
Q2 23
$-0.14

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CHR
CHR
LVLU
LVLU
Cash + ST InvestmentsLiquidity on hand
$4.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$322.1M
$13.4M
Total Assets
$362.7M
$108.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CHR
CHR
LVLU
LVLU
Q2 25
Q4 24
$4.5M
Q3 24
$6.3M
Q2 24
$186.1M
$1.8M
Q1 24
$5.5M
Q4 23
$12.9M
Q3 23
$5.9M
Q2 23
$7.8M
Stockholders' Equity
CHR
CHR
LVLU
LVLU
Q2 25
$322.1M
Q4 24
$13.4M
Q3 24
$43.8M
Q2 24
$286.1M
$48.7M
Q1 24
$57.7M
Q4 23
$64.7M
Q3 23
$64.7M
Q2 23
$63.8M
Total Assets
CHR
CHR
LVLU
LVLU
Q2 25
$362.7M
Q4 24
$108.2M
Q3 24
$153.5M
Q2 24
$333.2M
$145.3M
Q1 24
$160.6M
Q4 23
$167.4M
Q3 23
$164.7M
Q2 23
$179.6M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
CHR
CHR
LVLU
LVLU
Operating Cash FlowLast quarter
$3.9M
$-2.5M
Free Cash FlowOCF − Capex
$-2.6M
FCF MarginFCF / Revenue
-3.9%
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
0.51×
TTM Free Cash FlowTrailing 4 quarters
$1.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CHR
CHR
LVLU
LVLU
Q2 25
$3.9M
Q4 24
$-2.5M
Q3 24
$-5.5M
Q2 24
$-6.7M
$3.7M
Q1 24
$6.9M
Q4 23
$12.7M
Q3 23
$4.6M
Q2 23
$3.7M
Free Cash Flow
CHR
CHR
LVLU
LVLU
Q2 25
Q4 24
$-2.6M
Q3 24
$-5.9M
Q2 24
$3.4M
Q1 24
$6.4M
Q4 23
$12.1M
Q3 23
$4.4M
Q2 23
$3.2M
FCF Margin
CHR
CHR
LVLU
LVLU
Q2 25
Q4 24
-3.9%
Q3 24
-7.3%
Q2 24
3.7%
Q1 24
8.3%
Q4 23
14.5%
Q3 23
4.2%
Q2 23
3.5%
Capex Intensity
CHR
CHR
LVLU
LVLU
Q2 25
Q4 24
0.0%
Q3 24
0.5%
Q2 24
0.4%
Q1 24
0.7%
Q4 23
0.8%
Q3 23
0.2%
Q2 23
0.6%
Cash Conversion
CHR
CHR
LVLU
LVLU
Q2 25
0.51×
Q4 24
Q3 24
Q2 24
-0.54×
Q1 24
Q4 23
Q3 23
Q2 23

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

CHR
CHR

Segment breakdown not available.

LVLU
LVLU

Single Reportable Segment$63.0M95%
Other$2.4M4%
Stored Value Cards$750.0K1%

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