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

Lulu's Fashion Lounge Holdings, Inc. is the larger business by last-quarter revenue ($66.1M vs $43.5M, roughly 1.5× DYNEX CAPITAL INC). On growth, DYNEX CAPITAL INC posted the faster year-over-year revenue change (531.3% vs -11.8%). Over the past eight quarters, DYNEX CAPITAL INC's revenue compounded faster (75.8% CAGR vs -14.7%).

Dynex Capital Inc. is a publicly traded real estate investment trust headquartered in the United States. It specializes in investing in and managing a diversified portfolio of mortgage-backed securities, residential and commercial mortgage loans, and other mortgage-related assets. It delivers consistent returns to shareholders via regular dividends and long-term capital growth.

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.

DX vs LVLU — Head-to-Head

Bigger by revenue
LVLU
LVLU
1.5× larger
LVLU
$66.1M
$43.5M
DX
Growing faster (revenue YoY)
DX
DX
+543.1% gap
DX
531.3%
-11.8%
LVLU
Faster 2-yr revenue CAGR
DX
DX
Annualised
DX
75.8%
-14.7%
LVLU

Income Statement — Q4 FY2025 vs Q4 FY2024

Metric
DX
DX
LVLU
LVLU
Revenue
$43.5M
$66.1M
Net Profit
$-31.9M
Gross Margin
37.9%
Operating Margin
-52.8%
Net Margin
-48.2%
Revenue YoY
531.3%
-11.8%
Net Profit YoY
-340.9%
EPS (diluted)
$1.59
$-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
DX
DX
LVLU
LVLU
Q4 25
$43.5M
Q3 25
$30.6M
Q2 25
$23.1M
Q1 25
$17.1M
Q4 24
$66.1M
Q3 24
$80.5M
Q2 24
$92.0M
Q1 24
$-3.2M
$77.3M
Net Profit
DX
DX
LVLU
LVLU
Q4 25
Q3 25
$150.4M
Q2 25
$-13.6M
Q1 25
$-3.1M
Q4 24
$-31.9M
Q3 24
$-6.9M
Q2 24
$-10.8M
Q1 24
$40.1M
$-5.7M
Gross Margin
DX
DX
LVLU
LVLU
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
37.9%
Q3 24
38.1%
Q2 24
45.5%
Q1 24
42.3%
Operating Margin
DX
DX
LVLU
LVLU
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
-52.8%
Q3 24
-8.5%
Q2 24
-4.9%
Q1 24
-8.0%
Net Margin
DX
DX
LVLU
LVLU
Q4 25
Q3 25
491.3%
Q2 25
-58.8%
Q1 25
-18.0%
Q4 24
-48.2%
Q3 24
-8.5%
Q2 24
-11.7%
Q1 24
-1256.8%
-7.4%
EPS (diluted)
DX
DX
LVLU
LVLU
Q4 25
$1.59
Q3 25
$1.08
Q2 25
$-0.14
Q1 25
$-0.06
Q4 24
$-13.46
Q3 24
$-2.47
Q2 24
$-3.92
Q1 24
$0.64
$-0.15

Balance Sheet & Financial Strength

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

Metric
DX
DX
LVLU
LVLU
Cash + ST InvestmentsLiquidity on hand
$531.0M
$4.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$2.5B
$13.4M
Total Assets
$17.3B
$108.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DX
DX
LVLU
LVLU
Q4 25
$531.0M
Q3 25
$491.0M
Q2 25
$387.5M
Q1 25
$327.4M
Q4 24
$4.5M
Q3 24
$6.3M
Q2 24
$1.8M
Q1 24
$295.7M
$5.5M
Stockholders' Equity
DX
DX
LVLU
LVLU
Q4 25
$2.5B
Q3 25
$2.0B
Q2 25
$1.6B
Q1 25
$1.4B
Q4 24
$13.4M
Q3 24
$43.8M
Q2 24
$48.7M
Q1 24
$958.5M
$57.7M
Total Assets
DX
DX
LVLU
LVLU
Q4 25
$17.3B
Q3 25
$14.2B
Q2 25
$11.3B
Q1 25
$9.0B
Q4 24
$108.2M
Q3 24
$153.5M
Q2 24
$145.3M
Q1 24
$6.3B
$160.6M

Cash Flow & Capital Efficiency

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

Metric
DX
DX
LVLU
LVLU
Operating Cash FlowLast quarter
$120.8M
$-2.5M
Free Cash FlowOCF − Capex
$-2.6M
FCF MarginFCF / Revenue
-3.9%
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$1.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DX
DX
LVLU
LVLU
Q4 25
$120.8M
Q3 25
$68.3M
Q2 25
$31.9M
Q1 25
$6.4M
Q4 24
$-2.5M
Q3 24
$-5.5M
Q2 24
$3.7M
Q1 24
$-17.1M
$6.9M
Free Cash Flow
DX
DX
LVLU
LVLU
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$-2.6M
Q3 24
$-5.9M
Q2 24
$3.4M
Q1 24
$6.4M
FCF Margin
DX
DX
LVLU
LVLU
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
-3.9%
Q3 24
-7.3%
Q2 24
3.7%
Q1 24
8.3%
Capex Intensity
DX
DX
LVLU
LVLU
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
0.0%
Q3 24
0.5%
Q2 24
0.4%
Q1 24
0.7%
Cash Conversion
DX
DX
LVLU
LVLU
Q4 25
Q3 25
0.45×
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
-0.43×

Financial Flow Comparison

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

Revenue Breakdown by Segment

DX
DX

Segment breakdown not available.

LVLU
LVLU

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

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