vs
Side-by-side financial comparison of Lovesac Co (LOVE) and Merchants Bancorp (MBIN). Click either name above to swap in a different company.
Merchants Bancorp is the larger business by last-quarter revenue ($175.2M vs $150.2M, roughly 1.2× Lovesac Co). Merchants Bancorp runs the higher net margin — 38.6% vs -7.0%, a 45.7% gap on every dollar of revenue. Over the past eight quarters, Merchants Bancorp's revenue compounded faster (4.8% CAGR vs -22.6%).
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.
Ameris Bancorp is an American bank holding company headquartered in Atlanta, Georgia. Through its bank subsidiary, Ameris Bank, the company operates full-service branches in Georgia, Alabama, Florida, North Carolina and South Carolina, and mortgage-only locations in Georgia, Alabama, Florida, North Carolina, South Carolina, Virginia, Maryland, and Tennessee. The company offers online and mobile banking options for both consumers and businesses.
LOVE vs MBIN — Head-to-Head
Income Statement — Q3 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $150.2M | $175.2M |
| Net Profit | $-10.6M | $67.7M |
| Gross Margin | 56.1% | — |
| Operating Margin | -10.5% | — |
| Net Margin | -7.0% | 38.6% |
| Revenue YoY | 0.2% | — |
| Net Profit YoY | -114.0% | 16.3% |
| EPS (diluted) | $-0.72 | $1.25 |
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 | — | $175.2M | ||
| Q4 25 | $150.2M | $185.3M | ||
| Q3 25 | $160.5M | $171.1M | ||
| Q2 25 | $138.4M | $179.2M | ||
| Q1 25 | $241.5M | $145.9M | ||
| Q4 24 | $149.9M | $193.8M | ||
| Q3 24 | $156.6M | $149.6M | ||
| Q2 24 | $132.6M | $159.5M |
| Q1 26 | — | $67.7M | ||
| Q4 25 | $-10.6M | — | ||
| Q3 25 | $-6.7M | $54.7M | ||
| Q2 25 | $-10.8M | $38.0M | ||
| Q1 25 | $35.3M | $58.2M | ||
| Q4 24 | $-4.9M | — | ||
| Q3 24 | $-5.9M | $61.3M | ||
| Q2 24 | $-13.0M | $76.4M |
| 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% | 39.9% | ||
| Q3 25 | -5.5% | 37.8% | ||
| Q2 25 | -10.8% | 27.3% | ||
| Q1 25 | 19.7% | 52.4% | ||
| Q4 24 | -5.2% | 66.0% | ||
| Q3 24 | -5.3% | 54.4% | ||
| Q2 24 | -13.5% | 62.2% |
| Q1 26 | — | 38.6% | ||
| Q4 25 | -7.0% | — | ||
| Q3 25 | -4.1% | 32.0% | ||
| Q2 25 | -7.8% | 21.2% | ||
| Q1 25 | 14.6% | 39.9% | ||
| Q4 24 | -3.3% | — | ||
| Q3 24 | -3.7% | 41.0% | ||
| Q2 24 | -9.8% | 47.9% |
| Q1 26 | — | $1.25 | ||
| Q4 25 | $-0.72 | $1.28 | ||
| Q3 25 | $-0.45 | $0.97 | ||
| Q2 25 | $-0.73 | $0.60 | ||
| Q1 25 | $2.22 | $0.93 | ||
| Q4 24 | $-0.32 | $1.84 | ||
| Q3 24 | $-0.38 | $1.17 | ||
| Q2 24 | $-0.83 | $1.49 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $23.7M | $83.2M |
| Total DebtLower is stronger | — | $32.0M |
| Stockholders' EquityBook value | $189.3M | $2.3B |
| Total Assets | $495.5M | $20.3B |
| Debt / EquityLower = less leverage | — | 0.01× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $83.2M | ||
| Q4 25 | $23.7M | — | ||
| Q3 25 | $34.2M | — | ||
| Q2 25 | $26.9M | — | ||
| Q1 25 | $83.7M | — | ||
| Q4 24 | $61.7M | — | ||
| Q3 24 | $72.1M | — | ||
| Q2 24 | $72.4M | — |
| Q1 26 | — | $32.0M | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | $2.3B | ||
| Q4 25 | $189.3M | $2.3B | ||
| Q3 25 | $197.5M | $2.2B | ||
| Q2 25 | $201.2M | $2.2B | ||
| Q1 25 | $216.4M | $2.2B | ||
| Q4 24 | $196.5M | $2.2B | ||
| Q3 24 | $202.1M | $1.9B | ||
| Q2 24 | $205.3M | $1.9B |
| Q1 26 | — | $20.3B | ||
| Q4 25 | $495.5M | $19.4B | ||
| Q3 25 | $493.7M | $19.4B | ||
| Q2 25 | $483.7M | $19.1B | ||
| Q1 25 | $532.3M | $18.8B | ||
| Q4 24 | $499.7M | $18.8B | ||
| Q3 24 | $481.1M | $18.7B | ||
| Q2 24 | $477.2M | $18.2B |
| Q1 26 | — | 0.01× | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | $-4.9M | $-341.2M | ||
| Q3 25 | $12.2M | $29.8M | ||
| Q2 25 | $-41.4M | $-121.2M | ||
| Q1 25 | $44.0M | $148.0M | ||
| Q4 24 | $-4.2M | $-835.3M | ||
| Q3 24 | $6.2M | $-492.6M | ||
| Q2 24 | $-7.0M | $51.1M |
| Q1 26 | — | — | ||
| Q4 25 | $-10.2M | $-362.2M | ||
| Q3 25 | $7.8M | $24.0M | ||
| Q2 25 | $-50.0M | $-125.7M | ||
| Q1 25 | $38.7M | $141.2M | ||
| Q4 24 | $-6.6M | $-853.7M | ||
| Q3 24 | $119.0K | $-497.2M | ||
| Q2 24 | $-14.3M | $45.8M |
| Q1 26 | — | — | ||
| Q4 25 | -6.8% | -195.5% | ||
| Q3 25 | 4.9% | 14.0% | ||
| Q2 25 | -36.1% | -70.1% | ||
| Q1 25 | 16.0% | 96.8% | ||
| Q4 24 | -4.4% | -440.6% | ||
| Q3 24 | 0.1% | -332.4% | ||
| Q2 24 | -10.8% | 28.7% |
| Q1 26 | — | — | ||
| Q4 25 | 3.5% | 11.3% | ||
| Q3 25 | 2.7% | 3.4% | ||
| Q2 25 | 6.2% | 2.5% | ||
| Q1 25 | 2.2% | 4.7% | ||
| Q4 24 | 1.6% | 9.5% | ||
| Q3 24 | 3.9% | 3.0% | ||
| Q2 24 | 5.5% | 3.3% |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 0.54× | ||
| Q2 25 | — | -3.19× | ||
| Q1 25 | 1.25× | 2.54× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | -8.04× | ||
| Q2 24 | — | 0.67× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
LOVE
| Showrooms | $102.7M | 68% |
| Internet | $37.3M | 25% |
| Other | $10.2M | 7% |
MBIN
| Net Interest Income | $128.6M | 73% |
| Noninterest Income | $46.6M | 27% |
