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Side-by-side financial comparison of Lulu's Fashion Lounge Holdings, Inc. (LVLU) and PUMA BIOTECHNOLOGY, INC. (PBYI). Click either name above to swap in a different company.

PUMA BIOTECHNOLOGY, INC. is the larger business by last-quarter revenue ($75.5M vs $66.1M, roughly 1.1× Lulu's Fashion Lounge Holdings, Inc.). On growth, PUMA BIOTECHNOLOGY, INC. posted the faster year-over-year revenue change (27.7% vs -11.8%). PUMA BIOTECHNOLOGY, INC. produced more free cash flow last quarter ($14.4M vs $-2.6M). Over the past eight quarters, PUMA BIOTECHNOLOGY, INC.'s revenue compounded faster (31.3% 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.

Puma Biotechnology is a publicly traded biopharmaceutical company headquartered in Los Angeles, CA.

LVLU vs PBYI — Head-to-Head

Bigger by revenue
PBYI
PBYI
1.1× larger
PBYI
$75.5M
$66.1M
LVLU
Growing faster (revenue YoY)
PBYI
PBYI
+39.5% gap
PBYI
27.7%
-11.8%
LVLU
More free cash flow
PBYI
PBYI
$16.9M more FCF
PBYI
$14.4M
$-2.6M
LVLU
Faster 2-yr revenue CAGR
PBYI
PBYI
Annualised
PBYI
31.3%
-14.7%
LVLU

Income Statement — Q4 FY2024 vs Q4 FY2025

Metric
LVLU
LVLU
PBYI
PBYI
Revenue
$66.1M
$75.5M
Net Profit
$-31.9M
Gross Margin
37.9%
69.3%
Operating Margin
-52.8%
22.7%
Net Margin
-48.2%
Revenue YoY
-11.8%
27.7%
Net Profit YoY
-340.9%
EPS (diluted)
$-13.46
$0.26

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
LVLU
LVLU
PBYI
PBYI
Q4 25
$75.5M
Q3 25
$54.5M
Q2 25
$52.4M
Q1 25
$46.0M
Q4 24
$66.1M
$59.1M
Q3 24
$80.5M
$80.5M
Q2 24
$92.0M
$47.1M
Q1 24
$77.3M
$43.8M
Net Profit
LVLU
LVLU
PBYI
PBYI
Q4 25
Q3 25
$8.8M
Q2 25
$5.9M
Q1 25
$3.0M
Q4 24
$-31.9M
Q3 24
$-6.9M
$20.3M
Q2 24
$-10.8M
$-4.5M
Q1 24
$-5.7M
$-4.8M
Gross Margin
LVLU
LVLU
PBYI
PBYI
Q4 25
69.3%
Q3 25
77.7%
Q2 25
76.5%
Q1 25
77.1%
Q4 24
37.9%
76.4%
Q3 24
38.1%
63.9%
Q2 24
45.5%
77.4%
Q1 24
42.3%
75.5%
Operating Margin
LVLU
LVLU
PBYI
PBYI
Q4 25
22.7%
Q3 25
17.6%
Q2 25
12.7%
Q1 25
8.7%
Q4 24
-52.8%
22.6%
Q3 24
-8.5%
27.4%
Q2 24
-4.9%
-4.6%
Q1 24
-8.0%
-5.3%
Net Margin
LVLU
LVLU
PBYI
PBYI
Q4 25
Q3 25
16.2%
Q2 25
11.2%
Q1 25
6.5%
Q4 24
-48.2%
Q3 24
-8.5%
25.2%
Q2 24
-11.7%
-9.6%
Q1 24
-7.4%
-11.0%
EPS (diluted)
LVLU
LVLU
PBYI
PBYI
Q4 25
$0.26
Q3 25
$0.17
Q2 25
$0.12
Q1 25
$0.06
Q4 24
$-13.46
$0.40
Q3 24
$-2.47
$0.41
Q2 24
$-3.92
$-0.09
Q1 24
$-0.15
$-0.10

Balance Sheet & Financial Strength

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

Metric
LVLU
LVLU
PBYI
PBYI
Cash + ST InvestmentsLiquidity on hand
$4.5M
$97.5M
Total DebtLower is stronger
$22.7M
Stockholders' EquityBook value
$13.4M
$130.3M
Total Assets
$108.2M
$216.3M
Debt / EquityLower = less leverage
0.17×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LVLU
LVLU
PBYI
PBYI
Q4 25
$97.5M
Q3 25
$94.4M
Q2 25
$96.0M
Q1 25
$93.2M
Q4 24
$4.5M
$101.0M
Q3 24
$6.3M
$96.7M
Q2 24
$1.8M
$96.8M
Q1 24
$5.5M
$107.2M
Total Debt
LVLU
LVLU
PBYI
PBYI
Q4 25
$22.7M
Q3 25
$34.0M
Q2 25
$45.3M
Q1 25
$56.7M
Q4 24
$68.0M
Q3 24
$79.3M
Q2 24
$90.7M
Q1 24
$102.0M
Stockholders' Equity
LVLU
LVLU
PBYI
PBYI
Q4 25
$130.3M
Q3 25
$115.3M
Q2 25
$104.7M
Q1 25
$97.1M
Q4 24
$13.4M
$92.1M
Q3 24
$43.8M
$71.1M
Q2 24
$48.7M
$48.5M
Q1 24
$57.7M
$51.0M
Total Assets
LVLU
LVLU
PBYI
PBYI
Q4 25
$216.3M
Q3 25
$202.9M
Q2 25
$194.9M
Q1 25
$196.2M
Q4 24
$108.2M
$213.3M
Q3 24
$153.5M
$220.7M
Q2 24
$145.3M
$205.0M
Q1 24
$160.6M
$214.1M
Debt / Equity
LVLU
LVLU
PBYI
PBYI
Q4 25
0.17×
Q3 25
0.30×
Q2 25
0.43×
Q1 25
0.58×
Q4 24
0.74×
Q3 24
1.12×
Q2 24
1.87×
Q1 24
2.00×

Cash Flow & Capital Efficiency

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

Metric
LVLU
LVLU
PBYI
PBYI
Operating Cash FlowLast quarter
$-2.5M
$14.4M
Free Cash FlowOCF − Capex
$-2.6M
$14.4M
FCF MarginFCF / Revenue
-3.9%
19.1%
Capex IntensityCapex / Revenue
0.0%
0.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$1.3M
$41.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LVLU
LVLU
PBYI
PBYI
Q4 25
$14.4M
Q3 25
$9.7M
Q2 25
$14.1M
Q1 25
$3.6M
Q4 24
$-2.5M
$15.6M
Q3 24
$-5.5M
$11.0M
Q2 24
$3.7M
$1.0M
Q1 24
$6.9M
$11.2M
Free Cash Flow
LVLU
LVLU
PBYI
PBYI
Q4 25
$14.4M
Q3 25
$9.7M
Q2 25
$14.1M
Q1 25
$3.6M
Q4 24
$-2.6M
$15.6M
Q3 24
$-5.9M
$11.0M
Q2 24
$3.4M
$1.0M
Q1 24
$6.4M
FCF Margin
LVLU
LVLU
PBYI
PBYI
Q4 25
19.1%
Q3 25
17.7%
Q2 25
26.8%
Q1 25
7.7%
Q4 24
-3.9%
26.4%
Q3 24
-7.3%
13.7%
Q2 24
3.7%
2.1%
Q1 24
8.3%
Capex Intensity
LVLU
LVLU
PBYI
PBYI
Q4 25
0.0%
Q3 25
0.0%
Q2 25
0.0%
Q1 25
0.1%
Q4 24
0.0%
0.0%
Q3 24
0.5%
0.0%
Q2 24
0.4%
0.0%
Q1 24
0.7%
0.0%
Cash Conversion
LVLU
LVLU
PBYI
PBYI
Q4 25
Q3 25
1.10×
Q2 25
2.41×
Q1 25
1.21×
Q4 24
Q3 24
0.54×
Q2 24
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

LVLU
LVLU

Single Reportable Segment$63.0M95%
Other$2.4M4%
Stored Value Cards$750.0K1%

PBYI
PBYI

Segment breakdown not available.

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