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Side-by-side financial comparison of Lovesac Co (LOVE) and VARONIS SYSTEMS INC (VRNS). Click either name above to swap in a different company.
VARONIS SYSTEMS INC is the larger business by last-quarter revenue ($173.1M vs $150.2M, roughly 1.2× Lovesac Co). On growth, VARONIS SYSTEMS INC posted the faster year-over-year revenue change (26.9% vs 0.2%). VARONIS SYSTEMS INC produced more free cash flow last quarter ($49.0M vs $-10.2M). Over the past eight quarters, VARONIS SYSTEMS INC's revenue compounded faster (15.2% 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.
Varonis Systems, Inc. is a software company based in Miami, Florida with R&D offices in Herzliya, Israel. The company’s Data Security Platform analyzes data and data activity using the insights to identify data exposure risks stemming from access permissions and software-as-a-service (SaaS) app configurations, triggering automated remediation capabilities in response.
LOVE vs VRNS — Head-to-Head
Income Statement — Q3 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $150.2M | $173.1M |
| Net Profit | $-10.6M | — |
| Gross Margin | 56.1% | 76.0% |
| Operating Margin | -10.5% | -1.7% |
| Net Margin | -7.0% | — |
| Revenue YoY | 0.2% | 26.9% |
| Net Profit YoY | -114.0% | — |
| EPS (diluted) | $-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 | — | $173.1M | ||
| Q4 25 | $150.2M | $173.4M | ||
| Q3 25 | $160.5M | $161.6M | ||
| Q2 25 | $138.4M | $152.2M | ||
| Q1 25 | $241.5M | $136.4M | ||
| Q4 24 | $149.9M | $158.5M | ||
| Q3 24 | $156.6M | $148.1M | ||
| Q2 24 | $132.6M | $130.3M |
| Q1 26 | — | — | ||
| Q4 25 | $-10.6M | $-27.8M | ||
| Q3 25 | $-6.7M | $-29.9M | ||
| Q2 25 | $-10.8M | $-35.8M | ||
| Q1 25 | $35.3M | $-35.8M | ||
| Q4 24 | $-4.9M | $-13.0M | ||
| Q3 24 | $-5.9M | $-18.3M | ||
| Q2 24 | $-13.0M | $-23.9M |
| Q1 26 | — | 76.0% | ||
| Q4 25 | 56.1% | 78.9% | ||
| Q3 25 | 56.4% | 78.2% | ||
| Q2 25 | 53.7% | 79.5% | ||
| Q1 25 | 60.4% | 78.7% | ||
| Q4 24 | 58.5% | 83.6% | ||
| Q3 24 | 59.0% | 83.8% | ||
| Q2 24 | 54.3% | 82.8% |
| Q1 26 | — | -1.7% | ||
| Q4 25 | -10.5% | -17.5% | ||
| Q3 25 | -5.5% | -22.2% | ||
| Q2 25 | -10.8% | -24.0% | ||
| Q1 25 | 19.7% | -32.1% | ||
| Q4 24 | -5.2% | -11.1% | ||
| Q3 24 | -5.3% | -16.0% | ||
| Q2 24 | -13.5% | -22.1% |
| Q1 26 | — | — | ||
| Q4 25 | -7.0% | -16.0% | ||
| Q3 25 | -4.1% | -18.5% | ||
| Q2 25 | -7.8% | -23.5% | ||
| Q1 25 | 14.6% | -26.2% | ||
| Q4 24 | -3.3% | -8.2% | ||
| Q3 24 | -3.7% | -12.4% | ||
| Q2 24 | -9.8% | -18.4% |
| Q1 26 | — | — | ||
| Q4 25 | $-0.72 | $-0.23 | ||
| Q3 25 | $-0.45 | $-0.26 | ||
| Q2 25 | $-0.73 | $-0.32 | ||
| Q1 25 | $2.22 | $-0.32 | ||
| Q4 24 | $-0.32 | $-0.12 | ||
| Q3 24 | $-0.38 | $-0.16 | ||
| Q2 24 | $-0.83 | $-0.21 |
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 | $179.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $189.3M | $453.5M |
| Total Assets | $495.5M | $1.6B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $179.3M | ||
| Q4 25 | $23.7M | $883.7M | ||
| Q3 25 | $34.2M | $671.3M | ||
| Q2 25 | $26.9M | $770.9M | ||
| Q1 25 | $83.7M | $567.6M | ||
| Q4 24 | $61.7M | $529.0M | ||
| Q3 24 | $72.1M | $844.8M | ||
| Q2 24 | $72.4M | $582.5M |
| Q1 26 | — | $453.5M | ||
| Q4 25 | $189.3M | $598.7M | ||
| Q3 25 | $197.5M | $604.8M | ||
| Q2 25 | $201.2M | $341.5M | ||
| Q1 25 | $216.4M | $367.7M | ||
| Q4 24 | $196.5M | $455.7M | ||
| Q3 24 | $202.1M | $428.6M | ||
| Q2 24 | $205.3M | $458.6M |
| Q1 26 | — | $1.6B | ||
| Q4 25 | $495.5M | $1.8B | ||
| Q3 25 | $493.7M | $1.7B | ||
| Q2 25 | $483.7M | $1.6B | ||
| Q1 25 | $532.3M | $1.6B | ||
| Q4 24 | $499.7M | $1.7B | ||
| Q3 24 | $481.1M | $1.5B | ||
| Q2 24 | $477.2M | $1.1B |
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 | $55.0M |
| Free Cash FlowOCF − Capex | $-10.2M | $49.0M |
| FCF MarginFCF / Revenue | -6.8% | 28.3% |
| Capex IntensityCapex / Revenue | 3.5% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-13.6M | $118.2M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $55.0M | ||
| Q4 25 | $-4.9M | $24.7M | ||
| Q3 25 | $12.2M | $33.4M | ||
| Q2 25 | $-41.4M | $21.3M | ||
| Q1 25 | $44.0M | $68.0M | ||
| Q4 24 | $-4.2M | $24.3M | ||
| Q3 24 | $6.2M | $22.5M | ||
| Q2 24 | $-7.0M | $11.7M |
| Q1 26 | — | $49.0M | ||
| Q4 25 | $-10.2M | $20.7M | ||
| Q3 25 | $7.8M | $30.4M | ||
| Q2 25 | $-50.0M | $18.0M | ||
| Q1 25 | $38.7M | $65.7M | ||
| Q4 24 | $-6.6M | $19.9M | ||
| Q3 24 | $119.0K | $21.3M | ||
| Q2 24 | $-14.3M | $10.9M |
| Q1 26 | — | 28.3% | ||
| Q4 25 | -6.8% | 12.0% | ||
| Q3 25 | 4.9% | 18.8% | ||
| Q2 25 | -36.1% | 11.8% | ||
| Q1 25 | 16.0% | 48.1% | ||
| Q4 24 | -4.4% | 12.6% | ||
| Q3 24 | 0.1% | 14.4% | ||
| Q2 24 | -10.8% | 8.4% |
| Q1 26 | — | — | ||
| Q4 25 | 3.5% | 2.3% | ||
| Q3 25 | 2.7% | 1.8% | ||
| Q2 25 | 6.2% | 2.2% | ||
| Q1 25 | 2.2% | 1.7% | ||
| Q4 24 | 1.6% | 2.7% | ||
| Q3 24 | 3.9% | 0.8% | ||
| Q2 24 | 5.5% | 0.6% |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 1.25× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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% |
VRNS
| SaaS | $161.1M | 93% |
| Term license subscriptions | $6.9M | 4% |
| Maintenance and services | $5.2M | 3% |
