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Side-by-side financial comparison of Lovesac Co (LOVE) and Liquidia Corp (LQDA). Click either name above to swap in a different company.

Lovesac Co is the larger business by last-quarter revenue ($150.2M vs $92.0M, roughly 1.6× Liquidia Corp). Liquidia Corp runs the higher net margin — 15.8% vs -7.0%, a 22.8% gap on every dollar of revenue. On growth, Liquidia Corp posted the faster year-over-year revenue change (3054.6% vs 0.2%). Liquidia Corp produced more free cash flow last quarter ($42.2M vs $-10.2M).

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.

Liquidia Corp is a late-stage biopharmaceutical firm focused on developing and commercializing innovative inhaled therapies for respiratory and rare diseases. It uses its proprietary PRINT particle engineering tech to create optimized drug products, with core markets in North America covering pulmonary arterial hypertension and asthma indications.

LOVE vs LQDA — Head-to-Head

Bigger by revenue
LOVE
LOVE
1.6× larger
LOVE
$150.2M
$92.0M
LQDA
Growing faster (revenue YoY)
LQDA
LQDA
+3054.5% gap
LQDA
3054.6%
0.2%
LOVE
Higher net margin
LQDA
LQDA
22.8% more per $
LQDA
15.8%
-7.0%
LOVE
More free cash flow
LQDA
LQDA
$52.4M more FCF
LQDA
$42.2M
$-10.2M
LOVE

Income Statement — Q3 FY2026 vs Q4 FY2025

Metric
LOVE
LOVE
LQDA
LQDA
Revenue
$150.2M
$92.0M
Net Profit
$-10.6M
$14.6M
Gross Margin
56.1%
Operating Margin
-10.5%
21.5%
Net Margin
-7.0%
15.8%
Revenue YoY
0.2%
3054.6%
Net Profit YoY
-114.0%
137.9%
EPS (diluted)
$-0.72
$0.18

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
LOVE
LOVE
LQDA
LQDA
Q4 25
$150.2M
$92.0M
Q3 25
$160.5M
$54.3M
Q2 25
$138.4M
Q1 25
$241.5M
Q4 24
$149.9M
Q3 24
$156.6M
Q2 24
$132.6M
Q1 24
$250.5M
Net Profit
LOVE
LOVE
LQDA
LQDA
Q4 25
$-10.6M
$14.6M
Q3 25
$-6.7M
$-3.5M
Q2 25
$-10.8M
Q1 25
$35.3M
Q4 24
$-4.9M
Q3 24
$-5.9M
Q2 24
$-13.0M
Q1 24
$31.0M
Gross Margin
LOVE
LOVE
LQDA
LQDA
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 24
59.7%
Operating Margin
LOVE
LOVE
LQDA
LQDA
Q4 25
-10.5%
21.5%
Q3 25
-5.5%
3.3%
Q2 25
-10.8%
Q1 25
19.7%
Q4 24
-5.2%
Q3 24
-5.3%
Q2 24
-13.5%
Q1 24
16.1%
Net Margin
LOVE
LOVE
LQDA
LQDA
Q4 25
-7.0%
15.8%
Q3 25
-4.1%
-6.5%
Q2 25
-7.8%
Q1 25
14.6%
Q4 24
-3.3%
Q3 24
-3.7%
Q2 24
-9.8%
Q1 24
12.4%
EPS (diluted)
LOVE
LOVE
LQDA
LQDA
Q4 25
$-0.72
$0.18
Q3 25
$-0.45
$-0.04
Q2 25
$-0.73
Q1 25
$2.22
Q4 24
$-0.32
Q3 24
$-0.38
Q2 24
$-0.83
Q1 24
$1.91

Balance Sheet & Financial Strength

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

Metric
LOVE
LOVE
LQDA
LQDA
Cash + ST InvestmentsLiquidity on hand
$23.7M
$190.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$189.3M
$44.7M
Total Assets
$495.5M
$327.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LOVE
LOVE
LQDA
LQDA
Q4 25
$23.7M
$190.7M
Q3 25
$34.2M
$157.5M
Q2 25
$26.9M
Q1 25
$83.7M
Q4 24
$61.7M
Q3 24
$72.1M
Q2 24
$72.4M
Q1 24
$87.0M
Stockholders' Equity
LOVE
LOVE
LQDA
LQDA
Q4 25
$189.3M
$44.7M
Q3 25
$197.5M
$22.1M
Q2 25
$201.2M
Q1 25
$216.4M
Q4 24
$196.5M
Q3 24
$202.1M
Q2 24
$205.3M
Q1 24
$217.5M
Total Assets
LOVE
LOVE
LQDA
LQDA
Q4 25
$495.5M
$327.9M
Q3 25
$493.7M
$276.0M
Q2 25
$483.7M
Q1 25
$532.3M
Q4 24
$499.7M
Q3 24
$481.1M
Q2 24
$477.2M
Q1 24
$482.2M

Cash Flow & Capital Efficiency

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

Metric
LOVE
LOVE
LQDA
LQDA
Operating Cash FlowLast quarter
$-4.9M
$44.2M
Free Cash FlowOCF − Capex
$-10.2M
$42.2M
FCF MarginFCF / Revenue
-6.8%
45.9%
Capex IntensityCapex / Revenue
3.5%
2.2%
Cash ConversionOCF / Net Profit
3.04×
TTM Free Cash FlowTrailing 4 quarters
$-13.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LOVE
LOVE
LQDA
LQDA
Q4 25
$-4.9M
$44.2M
Q3 25
$12.2M
$-9.8M
Q2 25
$-41.4M
Q1 25
$44.0M
Q4 24
$-4.2M
Q3 24
$6.2M
Q2 24
$-7.0M
Q1 24
$56.3M
Free Cash Flow
LOVE
LOVE
LQDA
LQDA
Q4 25
$-10.2M
$42.2M
Q3 25
$7.8M
$-10.7M
Q2 25
$-50.0M
Q1 25
$38.7M
Q4 24
$-6.6M
Q3 24
$119.0K
Q2 24
$-14.3M
Q1 24
$49.5M
FCF Margin
LOVE
LOVE
LQDA
LQDA
Q4 25
-6.8%
45.9%
Q3 25
4.9%
-19.7%
Q2 25
-36.1%
Q1 25
16.0%
Q4 24
-4.4%
Q3 24
0.1%
Q2 24
-10.8%
Q1 24
19.8%
Capex Intensity
LOVE
LOVE
LQDA
LQDA
Q4 25
3.5%
2.2%
Q3 25
2.7%
1.7%
Q2 25
6.2%
Q1 25
2.2%
Q4 24
1.6%
Q3 24
3.9%
Q2 24
5.5%
Q1 24
2.7%
Cash Conversion
LOVE
LOVE
LQDA
LQDA
Q4 25
3.04×
Q3 25
Q2 25
Q1 25
1.25×
Q4 24
Q3 24
Q2 24
Q1 24
1.82×

Financial Flow Comparison

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

Revenue Breakdown by Segment

LOVE
LOVE

Showrooms$102.7M68%
Internet$37.3M25%
Other$10.2M7%

LQDA
LQDA

Segment breakdown not available.

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