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Side-by-side financial comparison of Lulu's Fashion Lounge Holdings, Inc. (LVLU) and Quipt Home Medical Corp. (QIPT). 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 $49.0M, roughly 1.3× Quipt Home Medical Corp.). Quipt Home Medical Corp. runs the higher net margin — -2.1% vs -48.2%, a 46.0% gap on every dollar of revenue. On growth, Quipt Home Medical Corp. posted the faster year-over-year revenue change (32.3% vs -11.8%). Quipt Home Medical Corp. produced more free cash flow last quarter ($6.9M vs $-2.6M).

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.

Quipt Home Medical Corp is a U.S.-based home medical equipment provider specializing in respiratory care, sleep therapy supplies, and chronic disease management products. It serves patients with long-term health conditions, partners with healthcare providers and insurance payers across operating regions to deliver accessible in-home medical solutions.

LVLU vs QIPT — Head-to-Head

Bigger by revenue
LVLU
LVLU
1.3× larger
LVLU
$66.1M
$49.0M
QIPT
Growing faster (revenue YoY)
QIPT
QIPT
+44.0% gap
QIPT
32.3%
-11.8%
LVLU
Higher net margin
QIPT
QIPT
46.0% more per $
QIPT
-2.1%
-48.2%
LVLU
More free cash flow
QIPT
QIPT
$9.4M more FCF
QIPT
$6.9M
$-2.6M
LVLU

Income Statement — Q4 FY2024 vs Q1 FY2026

Metric
LVLU
LVLU
QIPT
QIPT
Revenue
$66.1M
$49.0M
Net Profit
$-31.9M
$-1.1M
Gross Margin
37.9%
53.5%
Operating Margin
-52.8%
2.1%
Net Margin
-48.2%
-2.1%
Revenue YoY
-11.8%
32.3%
Net Profit YoY
-340.9%
2.9%
EPS (diluted)
$-13.46
$-0.02

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
QIPT
QIPT
Q4 25
$49.0M
Q3 25
$39.8M
Q2 25
$35.1M
Q1 25
$33.3M
Q4 24
$66.1M
$37.1M
Q3 24
$80.5M
Q2 24
$92.0M
Q1 24
$77.3M
Net Profit
LVLU
LVLU
QIPT
QIPT
Q4 25
$-1.1M
Q3 25
$-3.5M
Q2 25
$-3.0M
Q1 25
$-3.0M
Q4 24
$-31.9M
$-1.1M
Q3 24
$-6.9M
Q2 24
$-10.8M
Q1 24
$-5.7M
Gross Margin
LVLU
LVLU
QIPT
QIPT
Q4 25
53.5%
Q3 25
48.7%
Q2 25
57.6%
Q1 25
54.6%
Q4 24
37.9%
52.1%
Q3 24
38.1%
Q2 24
45.5%
Q1 24
42.3%
Operating Margin
LVLU
LVLU
QIPT
QIPT
Q4 25
2.1%
Q3 25
-3.6%
Q2 25
-5.2%
Q1 25
-3.0%
Q4 24
-52.8%
1.2%
Q3 24
-8.5%
Q2 24
-4.9%
Q1 24
-8.0%
Net Margin
LVLU
LVLU
QIPT
QIPT
Q4 25
-2.1%
Q3 25
-8.9%
Q2 25
-8.6%
Q1 25
-9.1%
Q4 24
-48.2%
-2.9%
Q3 24
-8.5%
Q2 24
-11.7%
Q1 24
-7.4%
EPS (diluted)
LVLU
LVLU
QIPT
QIPT
Q4 25
$-0.02
Q3 25
$-0.07
Q2 25
$-0.07
Q1 25
$-0.07
Q4 24
$-13.46
$-0.03
Q3 24
$-2.47
Q2 24
$-3.92
Q1 24
$-0.15

Balance Sheet & Financial Strength

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

Metric
LVLU
LVLU
QIPT
QIPT
Cash + ST InvestmentsLiquidity on hand
$4.5M
$10.5M
Total DebtLower is stronger
$84.0M
Stockholders' EquityBook value
$13.4M
$113.0M
Total Assets
$108.2M
$280.7M
Debt / EquityLower = less leverage
0.74×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LVLU
LVLU
QIPT
QIPT
Q4 25
$10.5M
Q3 25
$12.9M
Q2 25
$11.3M
Q1 25
$17.1M
Q4 24
$4.5M
$15.5M
Q3 24
$6.3M
Q2 24
$1.8M
Q1 24
$5.5M
Total Debt
LVLU
LVLU
QIPT
QIPT
Q4 25
$84.0M
Q3 25
$87.6M
Q2 25
$66.0M
Q1 25
$71.5M
Q4 24
$70.6M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
LVLU
LVLU
QIPT
QIPT
Q4 25
$113.0M
Q3 25
$112.1M
Q2 25
$102.5M
Q1 25
$103.6M
Q4 24
$13.4M
$106.3M
Q3 24
$43.8M
Q2 24
$48.7M
Q1 24
$57.7M
Total Assets
LVLU
LVLU
QIPT
QIPT
Q4 25
$280.7M
Q3 25
$283.3M
Q2 25
$236.1M
Q1 25
$244.6M
Q4 24
$108.2M
$242.8M
Q3 24
$153.5M
Q2 24
$145.3M
Q1 24
$160.6M
Debt / Equity
LVLU
LVLU
QIPT
QIPT
Q4 25
0.74×
Q3 25
0.78×
Q2 25
0.64×
Q1 25
0.69×
Q4 24
0.66×
Q3 24
Q2 24
Q1 24

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
QIPT
QIPT
Operating Cash FlowLast quarter
$-2.5M
$8.9M
Free Cash FlowOCF − Capex
$-2.6M
$6.9M
FCF MarginFCF / Revenue
-3.9%
14.0%
Capex IntensityCapex / Revenue
0.0%
4.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$1.3M
$26.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LVLU
LVLU
QIPT
QIPT
Q4 25
$8.9M
Q3 25
$9.8M
Q2 25
$9.7M
Q1 25
$8.9M
Q4 24
$-2.5M
$9.3M
Q3 24
$-5.5M
Q2 24
$3.7M
Q1 24
$6.9M
Free Cash Flow
LVLU
LVLU
QIPT
QIPT
Q4 25
$6.9M
Q3 25
$8.0M
Q2 25
$4.4M
Q1 25
$7.3M
Q4 24
$-2.6M
$5.6M
Q3 24
$-5.9M
Q2 24
$3.4M
Q1 24
$6.4M
FCF Margin
LVLU
LVLU
QIPT
QIPT
Q4 25
14.0%
Q3 25
20.0%
Q2 25
12.6%
Q1 25
22.0%
Q4 24
-3.9%
15.2%
Q3 24
-7.3%
Q2 24
3.7%
Q1 24
8.3%
Capex Intensity
LVLU
LVLU
QIPT
QIPT
Q4 25
4.2%
Q3 25
4.6%
Q2 25
14.9%
Q1 25
4.8%
Q4 24
0.0%
9.9%
Q3 24
0.5%
Q2 24
0.4%
Q1 24
0.7%

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%

QIPT
QIPT

Segment breakdown not available.

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