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Side-by-side financial comparison of Lulu's Fashion Lounge Holdings, Inc. (LVLU) and Orion Properties Inc. (ONL). Click either name above to swap in a different company.
Lulu's Fashion Lounge Holdings, Inc. is the larger business by last-quarter revenue ($66.1M vs $36.3M, roughly 1.8× Orion Properties Inc.). Orion Properties Inc. runs the higher net margin — -37.4% vs -48.2%, a 10.8% gap on every dollar of revenue. On growth, Orion Properties Inc. posted the faster year-over-year revenue change (-4.6% vs -11.8%). Over the past eight quarters, Orion Properties Inc.'s revenue compounded faster (-4.9% CAGR vs -14.7%).
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.
LVLU vs ONL — Head-to-Head
Income Statement — Q4 FY2024 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $66.1M | $36.3M |
| Net Profit | $-31.9M | $-13.6M |
| Gross Margin | 37.9% | — |
| Operating Margin | -52.8% | -9.3% |
| Net Margin | -48.2% | -37.4% |
| Revenue YoY | -11.8% | -4.6% |
| Net Profit YoY | -340.9% | -45.0% |
| EPS (diluted) | $-13.46 | $-0.24 |
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 | — | $36.3M | ||
| Q4 25 | — | $35.2M | ||
| Q3 25 | — | $37.1M | ||
| Q2 25 | — | $37.3M | ||
| Q1 25 | — | $38.0M | ||
| Q4 24 | $66.1M | $38.4M | ||
| Q3 24 | $80.5M | $39.2M | ||
| Q2 24 | $92.0M | $40.1M |
| Q1 26 | — | $-13.6M | ||
| Q4 25 | — | $-35.8M | ||
| Q3 25 | — | $-69.0M | ||
| Q2 25 | — | $-25.1M | ||
| Q1 25 | — | $-9.4M | ||
| Q4 24 | $-31.9M | $-32.8M | ||
| Q3 24 | $-6.9M | $-10.2M | ||
| Q2 24 | $-10.8M | $-33.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 37.9% | — | ||
| Q3 24 | 38.1% | — | ||
| Q2 24 | 45.5% | — |
| Q1 26 | — | -9.3% | ||
| Q4 25 | — | -101.5% | ||
| Q3 25 | — | -185.8% | ||
| Q2 25 | — | -67.1% | ||
| Q1 25 | — | -24.4% | ||
| Q4 24 | -52.8% | -85.4% | ||
| Q3 24 | -8.5% | -25.9% | ||
| Q2 24 | -4.9% | -84.1% |
| Q1 26 | — | -37.4% | ||
| Q4 25 | — | -101.7% | ||
| Q3 25 | — | -186.0% | ||
| Q2 25 | — | -67.3% | ||
| Q1 25 | — | -24.6% | ||
| Q4 24 | -48.2% | -85.4% | ||
| Q3 24 | -8.5% | -26.1% | ||
| Q2 24 | -11.7% | -84.2% |
| Q1 26 | — | $-0.24 | ||
| Q4 25 | — | $-0.63 | ||
| Q3 25 | — | $-1.23 | ||
| Q2 25 | — | $-0.45 | ||
| Q1 25 | — | $-0.17 | ||
| Q4 24 | $-13.46 | $-0.59 | ||
| Q3 24 | $-2.47 | $-0.18 | ||
| Q2 24 | $-3.92 | $-0.60 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $4.5M | $10.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $13.4M | $608.5M |
| Total Assets | $108.2M | $1.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $10.3M | ||
| Q4 25 | — | $22.4M | ||
| Q3 25 | — | $32.6M | ||
| Q2 25 | — | $17.4M | ||
| Q1 25 | — | $9.4M | ||
| Q4 24 | $4.5M | $15.6M | ||
| Q3 24 | $6.3M | $16.6M | ||
| Q2 24 | $1.8M | $24.2M |
| Q1 26 | — | — | ||
| Q4 25 | — | $465.0M | ||
| Q3 25 | — | $483.0M | ||
| Q2 25 | — | $483.0M | ||
| Q1 25 | — | $505.0M | ||
| Q4 24 | — | $492.0M | ||
| Q3 24 | — | $485.0M | ||
| Q2 24 | — | $462.0M |
| Q1 26 | — | $608.5M | ||
| Q4 25 | — | $623.2M | ||
| Q3 25 | — | $658.8M | ||
| Q2 25 | — | $728.0M | ||
| Q1 25 | — | $753.5M | ||
| Q4 24 | $13.4M | $763.9M | ||
| Q3 24 | $43.8M | $800.9M | ||
| Q2 24 | $48.7M | $816.1M |
| Q1 26 | — | $1.2B | ||
| Q4 25 | — | $1.2B | ||
| Q3 25 | — | $1.2B | ||
| Q2 25 | — | $1.3B | ||
| Q1 25 | — | $1.3B | ||
| Q4 24 | $108.2M | $1.3B | ||
| Q3 24 | $153.5M | $1.4B | ||
| Q2 24 | $145.3M | $1.3B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.75× | ||
| Q3 25 | — | 0.73× | ||
| Q2 25 | — | 0.66× | ||
| Q1 25 | — | 0.67× | ||
| Q4 24 | — | 0.64× | ||
| Q3 24 | — | 0.61× | ||
| Q2 24 | — | 0.57× |
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 | $-2.5M | — |
| Free Cash FlowOCF − Capex | $-2.6M | — |
| FCF MarginFCF / Revenue | -3.9% | — |
| Capex IntensityCapex / Revenue | 0.0% | 51.4% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $1.3M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | $23.6M | ||
| Q3 25 | — | $5.7M | ||
| Q2 25 | — | $11.6M | ||
| Q1 25 | — | $-2.2M | ||
| Q4 24 | $-2.5M | $54.3M | ||
| Q3 24 | $-5.5M | $13.8M | ||
| Q2 24 | $3.7M | $17.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $-2.6M | — | ||
| Q3 24 | $-5.9M | — | ||
| Q2 24 | $3.4M | — |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | -3.9% | — | ||
| Q3 24 | -7.3% | — | ||
| Q2 24 | 3.7% | — |
| Q1 26 | — | 51.4% | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.0% | — | ||
| Q3 24 | 0.5% | — | ||
| Q2 24 | 0.4% | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
LVLU
| Single Reportable Segment | $63.0M | 95% |
| Other | $2.4M | 4% |
| Stored Value Cards | $750.0K | 1% |
ONL
| Rental | $36.1M | 100% |
| Fee income from unconsolidated joint venture | $137.0K | 0% |
