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Side-by-side financial comparison of INDEPENDENCE REALTY TRUST, INC. (IRT) and Lovesac Co (LOVE). Click either name above to swap in a different company.
INDEPENDENCE REALTY TRUST, INC. is the larger business by last-quarter revenue ($165.3M vs $150.2M, roughly 1.1× Lovesac Co). On growth, INDEPENDENCE REALTY TRUST, INC. posted the faster year-over-year revenue change (2.5% vs 0.2%). Over the past eight quarters, INDEPENDENCE REALTY TRUST, INC.'s revenue compounded faster (2.2% CAGR vs -22.6%).
Brandywine Realty Trust is a Philadelphia-based real estate investment trust (REIT) that invests in office buildings in Philadelphia, Washington, D.C., and Austin, Texas.
The Lovesac Company is an American furniture retailer, specializing in a patented modular furniture system called Sactionals. Sactionals consist of two combinable pieces, “Seats” and “Sides,” as well as custom-fit covers and associated accessories. Lovesac also sells Sacs, a bag seat filled with a proprietary foam mixture.
IRT vs LOVE — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $165.3M | $150.2M |
| Net Profit | — | $-10.6M |
| Gross Margin | — | 56.1% |
| Operating Margin | — | -10.5% |
| Net Margin | — | -7.0% |
| Revenue YoY | 2.5% | 0.2% |
| Net Profit YoY | — | -114.0% |
| EPS (diluted) | $0.00 | $-0.72 |
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.
| Q1 26 | $165.3M | — | ||
| Q4 25 | $167.1M | $150.2M | ||
| Q3 25 | $167.1M | $160.5M | ||
| Q2 25 | $162.2M | $138.4M | ||
| Q1 25 | $161.2M | $241.5M | ||
| Q4 24 | $161.0M | $149.9M | ||
| Q3 24 | $160.1M | $156.6M | ||
| Q2 24 | $158.4M | $132.6M |
| Q1 26 | — | — | ||
| Q4 25 | $33.3M | $-10.6M | ||
| Q3 25 | $6.9M | $-6.7M | ||
| Q2 25 | $8.0M | $-10.8M | ||
| Q1 25 | $8.4M | $35.3M | ||
| Q4 24 | $-1.0M | $-4.9M | ||
| Q3 24 | $12.4M | $-5.9M | ||
| Q2 24 | $10.4M | $-13.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | 56.1% | ||
| Q3 25 | — | 56.4% | ||
| Q2 25 | — | 53.7% | ||
| Q1 25 | — | 60.4% | ||
| Q4 24 | — | 58.5% | ||
| Q3 24 | — | 59.0% | ||
| Q2 24 | — | 54.3% |
| Q1 26 | — | — | ||
| Q4 25 | — | -10.5% | ||
| Q3 25 | — | -5.5% | ||
| Q2 25 | — | -10.8% | ||
| Q1 25 | — | 19.7% | ||
| Q4 24 | — | -5.2% | ||
| Q3 24 | — | -5.3% | ||
| Q2 24 | — | -13.5% |
| Q1 26 | — | — | ||
| Q4 25 | 19.9% | -7.0% | ||
| Q3 25 | 4.1% | -4.1% | ||
| Q2 25 | 5.0% | -7.8% | ||
| Q1 25 | 5.2% | 14.6% | ||
| Q4 24 | -0.6% | -3.3% | ||
| Q3 24 | 7.7% | -3.7% | ||
| Q2 24 | 6.5% | -9.8% |
| Q1 26 | $0.00 | — | ||
| Q4 25 | $0.14 | $-0.72 | ||
| Q3 25 | $0.03 | $-0.45 | ||
| Q2 25 | $0.03 | $-0.73 | ||
| Q1 25 | $0.04 | $2.22 | ||
| Q4 24 | $-0.01 | $-0.32 | ||
| Q3 24 | $0.05 | $-0.38 | ||
| Q2 24 | $0.05 | $-0.83 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $23.3M | $23.7M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $3.4B | $189.3M |
| Total Assets | $6.1B | $495.5M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $23.3M | — | ||
| Q4 25 | $23.6M | $23.7M | ||
| Q3 25 | $23.3M | $34.2M | ||
| Q2 25 | $19.5M | $26.9M | ||
| Q1 25 | $29.1M | $83.7M | ||
| Q4 24 | $21.2M | $61.7M | ||
| Q3 24 | $17.6M | $72.1M | ||
| Q2 24 | $21.0M | $72.4M |
| Q1 26 | — | — | ||
| Q4 25 | $2.3B | — | ||
| Q3 25 | $2.3B | — | ||
| Q2 25 | $2.2B | — | ||
| Q1 25 | $2.3B | — | ||
| Q4 24 | $2.3B | — | ||
| Q3 24 | $2.3B | — | ||
| Q2 24 | $2.3B | — |
| Q1 26 | $3.4B | — | ||
| Q4 25 | $3.5B | $189.3M | ||
| Q3 25 | $3.5B | $197.5M | ||
| Q2 25 | $3.4B | $201.2M | ||
| Q1 25 | $3.5B | $216.4M | ||
| Q4 24 | $3.4B | $196.5M | ||
| Q3 24 | $3.4B | $202.1M | ||
| Q2 24 | $3.4B | $205.3M |
| Q1 26 | $6.1B | — | ||
| Q4 25 | $6.0B | $495.5M | ||
| Q3 25 | $6.1B | $493.7M | ||
| Q2 25 | $6.0B | $483.7M | ||
| Q1 25 | $6.0B | $532.3M | ||
| Q4 24 | $6.1B | $499.7M | ||
| Q3 24 | $5.9B | $481.1M | ||
| Q2 24 | $5.9B | $477.2M |
| Q1 26 | — | — | ||
| Q4 25 | 0.66× | — | ||
| Q3 25 | 0.66× | — | ||
| Q2 25 | 0.66× | — | ||
| Q1 25 | 0.65× | — | ||
| Q4 24 | 0.68× | — | ||
| Q3 24 | 0.68× | — | ||
| Q2 24 | 0.66× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $-4.9M |
| Free Cash FlowOCF − Capex | — | $-10.2M |
| FCF MarginFCF / Revenue | — | -6.8% |
| Capex IntensityCapex / Revenue | — | 3.5% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-13.6M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $282.1M | $-4.9M | ||
| Q3 25 | $79.3M | $12.2M | ||
| Q2 25 | $82.2M | $-41.4M | ||
| Q1 25 | $60.4M | $44.0M | ||
| Q4 24 | $259.8M | $-4.2M | ||
| Q3 24 | $69.2M | $6.2M | ||
| Q2 24 | $83.0M | $-7.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | $-10.2M | ||
| Q3 25 | — | $7.8M | ||
| Q2 25 | — | $-50.0M | ||
| Q1 25 | — | $38.7M | ||
| Q4 24 | — | $-6.6M | ||
| Q3 24 | — | $119.0K | ||
| Q2 24 | — | $-14.3M |
| Q1 26 | — | — | ||
| Q4 25 | — | -6.8% | ||
| Q3 25 | — | 4.9% | ||
| Q2 25 | — | -36.1% | ||
| Q1 25 | — | 16.0% | ||
| Q4 24 | — | -4.4% | ||
| Q3 24 | — | 0.1% | ||
| Q2 24 | — | -10.8% |
| Q1 26 | — | — | ||
| Q4 25 | — | 3.5% | ||
| Q3 25 | — | 2.7% | ||
| Q2 25 | — | 6.2% | ||
| Q1 25 | — | 2.2% | ||
| Q4 24 | — | 1.6% | ||
| Q3 24 | — | 3.9% | ||
| Q2 24 | — | 5.5% |
| Q1 26 | — | — | ||
| Q4 25 | 8.48× | — | ||
| Q3 25 | 11.51× | — | ||
| Q2 25 | 10.22× | — | ||
| Q1 25 | 7.23× | 1.25× | ||
| Q4 24 | — | — | ||
| Q3 24 | 5.60× | — | ||
| Q2 24 | 8.02× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
IRT
| Rental and other property revenue | $165.2M | 100% |
| Other revenue | $109.0K | 0% |
LOVE
| Showrooms | $102.7M | 68% |
| Internet | $37.3M | 25% |
| Other | $10.2M | 7% |
