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Side-by-side financial comparison of Lovesac Co (LOVE) and Shoals Technologies Group, Inc. (SHLS). Click either name above to swap in a different company.
Lovesac Co is the larger business by last-quarter revenue ($150.2M vs $148.3M, roughly 1.0× Shoals Technologies Group, Inc.). Shoals Technologies Group, Inc. runs the higher net margin — 5.5% vs -7.0%, a 12.5% gap on every dollar of revenue. On growth, Shoals Technologies Group, Inc. posted the faster year-over-year revenue change (38.6% vs 0.2%). Lovesac Co produced more free cash flow last quarter ($-10.2M vs $-11.3M). Over the past eight quarters, Shoals Technologies Group, Inc.'s revenue compounded faster (27.8% 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.
Shoals Technologies Group is a leading provider of electrical balance of systems solutions for renewable energy and e-mobility. It supplies connectivity components for solar projects, energy storage systems and EV charging infrastructure, serving clients across North America, Europe and Asia-Pacific.
LOVE vs SHLS — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $150.2M | $148.3M |
| Net Profit | $-10.6M | $8.1M |
| Gross Margin | 56.1% | 31.6% |
| Operating Margin | -10.5% | 11.7% |
| Net Margin | -7.0% | 5.5% |
| Revenue YoY | 0.2% | 38.6% |
| Net Profit YoY | -114.0% | 3.9% |
| EPS (diluted) | $-0.72 | $0.05 |
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 | $150.2M | $148.3M | ||
| Q3 25 | $160.5M | $135.8M | ||
| Q2 25 | $138.4M | $110.8M | ||
| Q1 25 | $241.5M | $80.4M | ||
| Q4 24 | $149.9M | $107.0M | ||
| Q3 24 | $156.6M | $102.2M | ||
| Q2 24 | $132.6M | $99.2M | ||
| Q1 24 | $250.5M | $90.8M |
| Q4 25 | $-10.6M | $8.1M | ||
| Q3 25 | $-6.7M | $11.9M | ||
| Q2 25 | $-10.8M | $13.9M | ||
| Q1 25 | $35.3M | $-282.0K | ||
| Q4 24 | $-4.9M | $7.8M | ||
| Q3 24 | $-5.9M | $-267.0K | ||
| Q2 24 | $-13.0M | $11.8M | ||
| Q1 24 | $31.0M | $4.8M |
| Q4 25 | 56.1% | 31.6% | ||
| Q3 25 | 56.4% | 37.0% | ||
| Q2 25 | 53.7% | 37.2% | ||
| Q1 25 | 60.4% | 35.0% | ||
| Q4 24 | 58.5% | 37.6% | ||
| Q3 24 | 59.0% | 24.8% | ||
| Q2 24 | 54.3% | 40.3% | ||
| Q1 24 | 59.7% | 40.2% |
| Q4 25 | -10.5% | 11.7% | ||
| Q3 25 | -5.5% | 13.7% | ||
| Q2 25 | -10.8% | 14.4% | ||
| Q1 25 | 19.7% | 5.4% | ||
| Q4 24 | -5.2% | 15.4% | ||
| Q3 24 | -5.3% | 4.4% | ||
| Q2 24 | -13.5% | 18.7% | ||
| Q1 24 | 16.1% | 12.8% |
| Q4 25 | -7.0% | 5.5% | ||
| Q3 25 | -4.1% | 8.7% | ||
| Q2 25 | -7.8% | 12.5% | ||
| Q1 25 | 14.6% | -0.4% | ||
| Q4 24 | -3.3% | 7.3% | ||
| Q3 24 | -3.7% | -0.3% | ||
| Q2 24 | -9.8% | 11.9% | ||
| Q1 24 | 12.4% | 5.3% |
| Q4 25 | $-0.72 | $0.05 | ||
| Q3 25 | $-0.45 | $0.07 | ||
| Q2 25 | $-0.73 | $0.08 | ||
| Q1 25 | $2.22 | $0.00 | ||
| Q4 24 | $-0.32 | $0.04 | ||
| Q3 24 | $-0.38 | $0.00 | ||
| Q2 24 | $-0.83 | $0.07 | ||
| Q1 24 | $1.91 | $0.03 |
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 | $7.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $189.3M | $600.0M |
| Total Assets | $495.5M | $904.1M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $23.7M | $7.3M | ||
| Q3 25 | $34.2M | $8.6M | ||
| Q2 25 | $26.9M | $4.7M | ||
| Q1 25 | $83.7M | $35.6M | ||
| Q4 24 | $61.7M | $23.5M | ||
| Q3 24 | $72.1M | $11.1M | ||
| Q2 24 | $72.4M | $3.2M | ||
| Q1 24 | $87.0M | $15.2M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $141.8M | ||
| Q4 24 | — | $141.8M | ||
| Q3 24 | — | $141.8M | ||
| Q2 24 | — | $146.8M | ||
| Q1 24 | — | $168.8M |
| Q4 25 | $189.3M | $600.0M | ||
| Q3 25 | $197.5M | $589.6M | ||
| Q2 25 | $201.2M | $575.4M | ||
| Q1 25 | $216.4M | $558.9M | ||
| Q4 24 | $196.5M | $556.8M | ||
| Q3 24 | $202.1M | $545.2M | ||
| Q2 24 | $205.3M | $544.6M | ||
| Q1 24 | $217.5M | $554.0M |
| Q4 25 | $495.5M | $904.1M | ||
| Q3 25 | $493.7M | $851.8M | ||
| Q2 25 | $483.7M | $795.0M | ||
| Q1 25 | $532.3M | $788.4M | ||
| Q4 24 | $499.7M | $793.1M | ||
| Q3 24 | $481.1M | $801.3M | ||
| Q2 24 | $477.2M | $788.4M | ||
| Q1 24 | $482.2M | $825.3M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 0.25× | ||
| Q4 24 | — | 0.25× | ||
| Q3 24 | — | 0.26× | ||
| Q2 24 | — | 0.27× | ||
| Q1 24 | — | 0.30× |
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 | $-4.1M |
| Free Cash FlowOCF − Capex | $-10.2M | $-11.3M |
| FCF MarginFCF / Revenue | -6.8% | -7.6% |
| Capex IntensityCapex / Revenue | 3.5% | 4.8% |
| Cash ConversionOCF / Net Profit | — | -0.50× |
| TTM Free Cash FlowTrailing 4 quarters | $-13.6M | $-16.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-4.9M | $-4.1M | ||
| Q3 25 | $12.2M | $19.4M | ||
| Q2 25 | $-41.4M | $-13.8M | ||
| Q1 25 | $44.0M | $15.6M | ||
| Q4 24 | $-4.2M | $14.0M | ||
| Q3 24 | $6.2M | $15.7M | ||
| Q2 24 | $-7.0M | $37.8M | ||
| Q1 24 | $56.3M | $12.9M |
| Q4 25 | $-10.2M | $-11.3M | ||
| Q3 25 | $7.8M | $9.0M | ||
| Q2 25 | $-50.0M | $-26.0M | ||
| Q1 25 | $38.7M | $12.3M | ||
| Q4 24 | $-6.6M | $12.5M | ||
| Q3 24 | $119.0K | $13.3M | ||
| Q2 24 | $-14.3M | $35.8M | ||
| Q1 24 | $49.5M | $10.4M |
| Q4 25 | -6.8% | -7.6% | ||
| Q3 25 | 4.9% | 6.6% | ||
| Q2 25 | -36.1% | -23.5% | ||
| Q1 25 | 16.0% | 15.4% | ||
| Q4 24 | -4.4% | 11.6% | ||
| Q3 24 | 0.1% | 13.0% | ||
| Q2 24 | -10.8% | 36.1% | ||
| Q1 24 | 19.8% | 11.4% |
| Q4 25 | 3.5% | 4.8% | ||
| Q3 25 | 2.7% | 7.7% | ||
| Q2 25 | 6.2% | 11.0% | ||
| Q1 25 | 2.2% | 4.0% | ||
| Q4 24 | 1.6% | 1.4% | ||
| Q3 24 | 3.9% | 2.3% | ||
| Q2 24 | 5.5% | 2.0% | ||
| Q1 24 | 2.7% | 2.7% |
| Q4 25 | — | -0.50× | ||
| Q3 25 | — | 1.63× | ||
| Q2 25 | — | -1.00× | ||
| Q1 25 | 1.25× | — | ||
| Q4 24 | — | 1.79× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 3.21× | ||
| Q1 24 | 1.82× | 2.69× |
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% |
SHLS
| System Solutions | $122.0M | 82% |
| Components | $26.3M | 18% |
