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Side-by-side financial comparison of Lulu's Fashion Lounge Holdings, Inc. (LVLU) and STEM, INC. (STEM). 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 $47.1M, roughly 1.4× STEM, INC.). STEM, INC. runs the higher net margin — -33.9% vs -48.2%, a 14.3% gap on every dollar of revenue. On growth, Lulu's Fashion Lounge Holdings, Inc. posted the faster year-over-year revenue change (-11.8% vs -15.6%). Over the past eight quarters, STEM, INC.'s revenue compounded faster (36.1% 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.
StemCells, Inc. is a public biopharmaceutical company headquartered in Newark, California, that is developing purified human neural stem cells (HuCNS-SCs) in the hopes of treating central nervous system disorders and paralysis. StemCells' HuCNS-SCs have the ability to differentiate into the three main types of cells found in the central nervous system: neurons, astrocytes and oligodendrocytes.
LVLU vs STEM — Head-to-Head
Income Statement — Q4 FY2024 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $66.1M | $47.1M |
| Net Profit | $-31.9M | $-16.0M |
| Gross Margin | 37.9% | 48.9% |
| Operating Margin | -52.8% | -17.7% |
| Net Margin | -48.2% | -33.9% |
| Revenue YoY | -11.8% | -15.6% |
| Net Profit YoY | -340.9% | 68.8% |
| EPS (diluted) | $-13.46 | $-4.40 |
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 | — | $47.1M | ||
| Q3 25 | — | $38.2M | ||
| Q2 25 | — | $38.4M | ||
| Q1 25 | — | $32.5M | ||
| Q4 24 | $66.1M | $55.8M | ||
| Q3 24 | $80.5M | $29.3M | ||
| Q2 24 | $92.0M | $34.0M | ||
| Q1 24 | $77.3M | $25.5M |
| Q4 25 | — | $-16.0M | ||
| Q3 25 | — | $-23.8M | ||
| Q2 25 | — | $202.5M | ||
| Q1 25 | — | $-25.0M | ||
| Q4 24 | $-31.9M | $-51.1M | ||
| Q3 24 | $-6.9M | $-148.3M | ||
| Q2 24 | $-10.8M | $-582.3M | ||
| Q1 24 | $-5.7M | $-72.3M |
| Q4 25 | — | 48.9% | ||
| Q3 25 | — | 35.5% | ||
| Q2 25 | — | 33.4% | ||
| Q1 25 | — | 32.4% | ||
| Q4 24 | 37.9% | -4.4% | ||
| Q3 24 | 38.1% | 21.2% | ||
| Q2 24 | 45.5% | 27.6% | ||
| Q1 24 | 42.3% | -95.0% |
| Q4 25 | — | -17.7% | ||
| Q3 25 | — | -33.6% | ||
| Q2 25 | — | -34.8% | ||
| Q1 25 | — | -65.0% | ||
| Q4 24 | -52.8% | -84.4% | ||
| Q3 24 | -8.5% | -493.2% | ||
| Q2 24 | -4.9% | -1705.5% | ||
| Q1 24 | -8.0% | -267.0% |
| Q4 25 | — | -33.9% | ||
| Q3 25 | — | -62.2% | ||
| Q2 25 | — | 527.8% | ||
| Q1 25 | — | -76.9% | ||
| Q4 24 | -48.2% | -91.6% | ||
| Q3 24 | -8.5% | -506.3% | ||
| Q2 24 | -11.7% | -1712.6% | ||
| Q1 24 | -7.4% | -283.9% |
| Q4 25 | — | $-4.40 | ||
| Q3 25 | — | $-2.84 | ||
| Q2 25 | — | $-1.79 | ||
| Q1 25 | — | $-0.15 | ||
| Q4 24 | $-13.46 | $-15.29 | ||
| Q3 24 | $-2.47 | $-18.24 | ||
| Q2 24 | $-3.92 | $-71.81 | ||
| Q1 24 | $-0.15 | $-0.46 |
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 | $48.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $13.4M | $-249.4M |
| Total Assets | $108.2M | $308.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $48.9M | ||
| Q3 25 | — | $43.1M | ||
| Q2 25 | — | $40.8M | ||
| Q1 25 | — | $58.6M | ||
| Q4 24 | $4.5M | $56.3M | ||
| Q3 24 | $6.3M | $75.4M | ||
| Q2 24 | $1.8M | $89.6M | ||
| Q1 24 | $5.5M | $112.8M |
| Q4 25 | — | $-249.4M | ||
| Q3 25 | — | $-235.7M | ||
| Q2 25 | — | $-214.1M | ||
| Q1 25 | — | $-417.5M | ||
| Q4 24 | $13.4M | $-398.4M | ||
| Q3 24 | $43.8M | $-344.1M | ||
| Q2 24 | $48.7M | $-203.2M | ||
| Q1 24 | $57.7M | $371.6M |
| Q4 25 | — | $308.9M | ||
| Q3 25 | — | $362.6M | ||
| Q2 25 | — | $379.2M | ||
| Q1 25 | — | $405.1M | ||
| Q4 24 | $108.2M | $437.4M | ||
| Q3 24 | $153.5M | $537.8M | ||
| Q2 24 | $145.3M | $691.5M | ||
| Q1 24 | $160.6M | $1.3B |
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 | $8.2M |
| Free Cash FlowOCF − Capex | $-2.6M | — |
| FCF MarginFCF / Revenue | -3.9% | — |
| Capex IntensityCapex / Revenue | 0.0% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $1.3M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $8.2M | ||
| Q3 25 | — | $11.4M | ||
| Q2 25 | — | $-21.3M | ||
| Q1 25 | — | $8.5M | ||
| Q4 24 | $-2.5M | $-14.7M | ||
| Q3 24 | $-5.5M | $-9.4M | ||
| Q2 24 | $3.7M | $-11.9M | ||
| Q1 24 | $6.9M | $-621.0K |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $-2.6M | — | ||
| Q3 24 | $-5.9M | — | ||
| Q2 24 | $3.4M | — | ||
| Q1 24 | $6.4M | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | -3.9% | — | ||
| Q3 24 | -7.3% | — | ||
| Q2 24 | 3.7% | — | ||
| Q1 24 | 8.3% | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.0% | — | ||
| Q3 24 | 0.5% | — | ||
| Q2 24 | 0.4% | — | ||
| Q1 24 | 0.7% | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | -0.11× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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% |
STEM
Segment breakdown not available.
