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Side-by-side financial comparison of First Foundation Inc. (FFWM) 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 $48.4M, roughly 1.4× First Foundation Inc.). Lulu's Fashion Lounge Holdings, Inc. runs the higher net margin — -48.2% vs -97.9%, a 49.7% gap on every dollar of revenue. On growth, First Foundation Inc. posted the faster year-over-year revenue change (421.7% vs -11.8%). Lulu's Fashion Lounge Holdings, Inc. produced more free cash flow last quarter ($-2.6M vs $-35.2M). Over the past eight quarters, First Foundation Inc.'s revenue compounded faster (-2.7% CAGR vs -14.7%).

John B. Lacson Colleges Foundation (Bacolod), Inc. is a private maritime college in Bacolod, Negros Occidental, Philippines.

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.

FFWM vs LVLU — Head-to-Head

Bigger by revenue
LVLU
LVLU
1.4× larger
LVLU
$66.1M
$48.4M
FFWM
Growing faster (revenue YoY)
FFWM
FFWM
+433.4% gap
FFWM
421.7%
-11.8%
LVLU
Higher net margin
LVLU
LVLU
49.7% more per $
LVLU
-48.2%
-97.9%
FFWM
More free cash flow
LVLU
LVLU
$32.7M more FCF
LVLU
$-2.6M
$-35.2M
FFWM
Faster 2-yr revenue CAGR
FFWM
FFWM
Annualised
FFWM
-2.7%
-14.7%
LVLU

Income Statement — Q4 FY2025 vs Q4 FY2024

Metric
FFWM
FFWM
LVLU
LVLU
Revenue
$48.4M
$66.1M
Net Profit
$-8.0M
$-31.9M
Gross Margin
37.9%
Operating Margin
-97.5%
-52.8%
Net Margin
-97.9%
-48.2%
Revenue YoY
421.7%
-11.8%
Net Profit YoY
43.0%
-340.9%
EPS (diluted)
$-0.09
$-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
FFWM
FFWM
LVLU
LVLU
Q4 25
$48.4M
Q3 25
$63.6M
Q2 25
$51.4M
Q1 25
$71.4M
Q4 24
$9.3M
$66.1M
Q3 24
$9.2M
$80.5M
Q2 24
$57.5M
$92.0M
Q1 24
$51.1M
$77.3M
Net Profit
FFWM
FFWM
LVLU
LVLU
Q4 25
$-8.0M
Q3 25
$-146.3M
Q2 25
$-7.7M
Q1 25
$6.9M
Q4 24
$-14.1M
$-31.9M
Q3 24
$-82.2M
$-6.9M
Q2 24
$3.1M
$-10.8M
Q1 24
$793.0K
$-5.7M
Gross Margin
FFWM
FFWM
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
FFWM
FFWM
LVLU
LVLU
Q4 25
-97.5%
Q3 25
-92.7%
Q2 25
-21.1%
Q1 25
8.8%
Q4 24
-247.7%
-52.8%
Q3 24
-1276.7%
-8.5%
Q2 24
4.6%
-4.9%
Q1 24
-0.2%
-8.0%
Net Margin
FFWM
FFWM
LVLU
LVLU
Q4 25
-97.9%
Q3 25
-230.1%
Q2 25
-15.0%
Q1 25
9.7%
Q4 24
-152.2%
-48.2%
Q3 24
-896.9%
-8.5%
Q2 24
5.4%
-11.7%
Q1 24
1.6%
-7.4%
EPS (diluted)
FFWM
FFWM
LVLU
LVLU
Q4 25
$-0.09
Q3 25
$-1.78
Q2 25
$-0.09
Q1 25
$0.08
Q4 24
$-0.24
$-13.46
Q3 24
$-1.23
$-2.47
Q2 24
$0.05
$-3.92
Q1 24
$0.01
$-0.15

Balance Sheet & Financial Strength

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

Metric
FFWM
FFWM
LVLU
LVLU
Cash + ST InvestmentsLiquidity on hand
$1.6B
$4.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$912.6M
$13.4M
Total Assets
$11.9B
$108.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FFWM
FFWM
LVLU
LVLU
Q4 25
$1.6B
Q3 25
$1.7B
Q2 25
$1.1B
Q1 25
$1.0B
Q4 24
$1.0B
$4.5M
Q3 24
$1.1B
$6.3M
Q2 24
$1.4B
$1.8M
Q1 24
$1.6B
$5.5M
Stockholders' Equity
FFWM
FFWM
LVLU
LVLU
Q4 25
$912.6M
Q3 25
$917.9M
Q2 25
$1.1B
Q1 25
$1.1B
Q4 24
$1.1B
$13.4M
Q3 24
$1.1B
$43.8M
Q2 24
$933.2M
$48.7M
Q1 24
$928.7M
$57.7M
Total Assets
FFWM
FFWM
LVLU
LVLU
Q4 25
$11.9B
Q3 25
$11.9B
Q2 25
$11.6B
Q1 25
$12.6B
Q4 24
$12.6B
$108.2M
Q3 24
$13.4B
$153.5M
Q2 24
$13.7B
$145.3M
Q1 24
$13.6B
$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
FFWM
FFWM
LVLU
LVLU
Operating Cash FlowLast quarter
$-31.9M
$-2.5M
Free Cash FlowOCF − Capex
$-35.2M
$-2.6M
FCF MarginFCF / Revenue
-72.8%
-3.9%
Capex IntensityCapex / Revenue
6.9%
0.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-45.9M
$1.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FFWM
FFWM
LVLU
LVLU
Q4 25
$-31.9M
Q3 25
$9.2M
Q2 25
$-16.3M
Q1 25
$-552.0K
Q4 24
$-8.7M
$-2.5M
Q3 24
$14.2M
$-5.5M
Q2 24
$-9.1M
$3.7M
Q1 24
$7.2M
$6.9M
Free Cash Flow
FFWM
FFWM
LVLU
LVLU
Q4 25
$-35.2M
Q3 25
$8.6M
Q2 25
$-16.7M
Q1 25
$-2.5M
Q4 24
$-11.4M
$-2.6M
Q3 24
$13.4M
$-5.9M
Q2 24
$-9.4M
$3.4M
Q1 24
$5.9M
$6.4M
FCF Margin
FFWM
FFWM
LVLU
LVLU
Q4 25
-72.8%
Q3 25
13.5%
Q2 25
-32.4%
Q1 25
-3.5%
Q4 24
-123.5%
-3.9%
Q3 24
146.2%
-7.3%
Q2 24
-16.3%
3.7%
Q1 24
11.6%
8.3%
Capex Intensity
FFWM
FFWM
LVLU
LVLU
Q4 25
6.9%
Q3 25
1.0%
Q2 25
0.8%
Q1 25
2.8%
Q4 24
29.4%
0.0%
Q3 24
9.0%
0.5%
Q2 24
0.4%
0.4%
Q1 24
2.5%
0.7%
Cash Conversion
FFWM
FFWM
LVLU
LVLU
Q4 25
Q3 25
Q2 25
Q1 25
-0.08×
Q4 24
Q3 24
Q2 24
-2.96×
Q1 24
9.09×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FFWM
FFWM

Segment breakdown not available.

LVLU
LVLU

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

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