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Side-by-side financial comparison of JBG SMITH Properties (JBGS) and Lulu's Fashion Lounge Holdings, Inc. (LVLU). Click either name above to swap in a different company.
JBG SMITH Properties is the larger business by last-quarter revenue ($127.6M vs $66.1M, roughly 1.9× Lulu's Fashion Lounge Holdings, Inc.). JBG SMITH Properties runs the higher net margin — -35.7% vs -48.2%, a 12.5% gap on every dollar of revenue. On growth, JBG SMITH Properties posted the faster year-over-year revenue change (-2.5% vs -11.8%). Over the past eight quarters, JBG SMITH Properties's revenue compounded faster (-6.3% CAGR vs -14.7%).
JBG SMITH PropertiesJBGSEarnings & Financial Report
JBG SMITH Properties is a publicly traded real estate investment trust based in Bethesda, Maryland.
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.
JBGS vs LVLU — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2024
| Metric | | |
|---|---|---|
| Revenue | $127.6M | $66.1M |
| Net Profit | $-45.5M | $-31.9M |
| Gross Margin | — | 37.9% |
| Operating Margin | -47.5% | -52.8% |
| Net Margin | -35.7% | -48.2% |
| Revenue YoY | -2.5% | -11.8% |
| Net Profit YoY | 24.0% | -340.9% |
| EPS (diluted) | $-0.76 | $-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.
| Q4 25 | $127.6M | — | ||
| Q3 25 | $123.9M | — | ||
| Q2 25 | $126.5M | — | ||
| Q1 25 | $120.7M | — | ||
| Q4 24 | $130.8M | $66.1M | ||
| Q3 24 | $136.0M | $80.5M | ||
| Q2 24 | $135.3M | $92.0M | ||
| Q1 24 | $145.2M | $77.3M |
| Q4 25 | $-45.5M | — | ||
| Q3 25 | $-28.6M | — | ||
| Q2 25 | $-19.2M | — | ||
| Q1 25 | $-45.7M | — | ||
| Q4 24 | $-59.9M | $-31.9M | ||
| Q3 24 | $-27.0M | $-6.9M | ||
| Q2 24 | $-24.4M | $-10.8M | ||
| Q1 24 | $-32.3M | $-5.7M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 37.9% | ||
| Q3 24 | — | 38.1% | ||
| Q2 24 | — | 45.5% | ||
| Q1 24 | — | 42.3% |
| Q4 25 | -47.5% | — | ||
| Q3 25 | -27.5% | — | ||
| Q2 25 | -18.4% | — | ||
| Q1 25 | -44.7% | — | ||
| Q4 24 | -53.6% | -52.8% | ||
| Q3 24 | -22.4% | -8.5% | ||
| Q2 24 | -24.3% | -4.9% | ||
| Q1 24 | -30.1% | -8.0% |
| Q4 25 | -35.7% | — | ||
| Q3 25 | -23.1% | — | ||
| Q2 25 | -15.2% | — | ||
| Q1 25 | -37.9% | — | ||
| Q4 24 | -45.8% | -48.2% | ||
| Q3 24 | -19.8% | -8.5% | ||
| Q2 24 | -18.0% | -11.7% | ||
| Q1 24 | -22.2% | -7.4% |
| Q4 25 | $-0.76 | — | ||
| Q3 25 | $-0.48 | — | ||
| Q2 25 | $-0.29 | — | ||
| Q1 25 | $-0.56 | — | ||
| Q4 24 | $-0.70 | $-13.46 | ||
| Q3 24 | $-0.32 | $-2.47 | ||
| Q2 24 | $-0.27 | $-3.92 | ||
| Q1 24 | $-0.36 | $-0.15 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $75.3M | $4.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.2B | $13.4M |
| Total Assets | $4.4B | $108.2M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $75.3M | — | ||
| Q3 25 | $64.4M | — | ||
| Q2 25 | $61.4M | — | ||
| Q1 25 | $81.3M | — | ||
| Q4 24 | $145.8M | $4.5M | ||
| Q3 24 | $137.0M | $6.3M | ||
| Q2 24 | $163.5M | $1.8M | ||
| Q1 24 | $220.5M | $5.5M |
| Q4 25 | $1.2B | — | ||
| Q3 25 | $1.2B | — | ||
| Q2 25 | $1.3B | — | ||
| Q1 25 | $1.6B | — | ||
| Q4 24 | $1.8B | $13.4M | ||
| Q3 24 | $1.9B | $43.8M | ||
| Q2 24 | $2.0B | $48.7M | ||
| Q1 24 | $2.1B | $57.7M |
| Q4 25 | $4.4B | — | ||
| Q3 25 | $4.4B | — | ||
| Q2 25 | $4.5B | — | ||
| Q1 25 | $4.7B | — | ||
| Q4 24 | $5.0B | $108.2M | ||
| Q3 24 | $5.2B | $153.5M | ||
| Q2 24 | $5.3B | $145.3M | ||
| Q1 24 | $5.4B | $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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $73.3M | $-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.
| Q4 25 | $73.3M | — | ||
| Q3 25 | $8.9M | — | ||
| Q2 25 | $18.8M | — | ||
| Q1 25 | $12.9M | — | ||
| Q4 24 | $129.4M | $-2.5M | ||
| Q3 24 | $26.4M | $-5.5M | ||
| Q2 24 | $23.8M | $3.7M | ||
| Q1 24 | $37.0M | $6.9M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $-2.6M | ||
| Q3 24 | — | $-5.9M | ||
| Q2 24 | — | $3.4M | ||
| Q1 24 | — | $6.4M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | -3.9% | ||
| Q3 24 | — | -7.3% | ||
| Q2 24 | — | 3.7% | ||
| Q1 24 | — | 8.3% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.0% | ||
| Q3 24 | — | 0.5% | ||
| Q2 24 | — | 0.4% | ||
| Q1 24 | — | 0.7% |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
JBGS
Segment breakdown not available.
LVLU
| Single Reportable Segment | $63.0M | 95% |
| Other | $2.4M | 4% |
| Stored Value Cards | $750.0K | 1% |
