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Side-by-side financial comparison of Lulu's Fashion Lounge Holdings, Inc. (LVLU) and TELOS CORP (TLS). 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 $46.8M, roughly 1.4× TELOS CORP). TELOS CORP runs the higher net margin — -34.9% vs -48.2%, a 13.3% gap on every dollar of revenue. On growth, TELOS CORP posted the faster year-over-year revenue change (77.4% vs -11.8%). TELOS CORP produced more free cash flow last quarter ($8.0M vs $-2.6M). Over the past eight quarters, TELOS CORP's revenue compounded faster (25.7% 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.
Telos Corporation is an information technology and cybersecurity company located in Ashburn, Virginia. Telos primarily serves government and enterprise clients, receiving a large number of its contracts from the United States Department of Defense. Customers are primarily military, intelligence and civilian agencies of the US government and NATO allies.
LVLU vs TLS — Head-to-Head
Income Statement — Q4 FY2024 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $66.1M | $46.8M |
| Net Profit | $-31.9M | $-16.3M |
| Gross Margin | 37.9% | 35.0% |
| Operating Margin | -52.8% | -39.6% |
| Net Margin | -48.2% | -34.9% |
| Revenue YoY | -11.8% | 77.4% |
| Net Profit YoY | -340.9% | -74.8% |
| EPS (diluted) | $-13.46 | $-0.22 |
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 | — | $46.8M | ||
| Q3 25 | — | $51.4M | ||
| Q2 25 | — | $36.0M | ||
| Q1 25 | — | $30.6M | ||
| Q4 24 | $66.1M | $26.4M | ||
| Q3 24 | $80.5M | $23.8M | ||
| Q2 24 | $92.0M | $28.5M | ||
| Q1 24 | $77.3M | $29.6M |
| Q4 25 | — | $-16.3M | ||
| Q3 25 | — | $-2.1M | ||
| Q2 25 | — | $-9.5M | ||
| Q1 25 | — | $-8.6M | ||
| Q4 24 | $-31.9M | $-9.3M | ||
| Q3 24 | $-6.9M | $-28.1M | ||
| Q2 24 | $-10.8M | $-7.8M | ||
| Q1 24 | $-5.7M | $-7.4M |
| Q4 25 | — | 35.0% | ||
| Q3 25 | — | 39.9% | ||
| Q2 25 | — | 33.2% | ||
| Q1 25 | — | 39.8% | ||
| Q4 24 | 37.9% | 40.3% | ||
| Q3 24 | 38.1% | 13.2% | ||
| Q2 24 | 45.5% | 34.1% | ||
| Q1 24 | 42.3% | 37.0% |
| Q4 25 | — | -39.6% | ||
| Q3 25 | — | -4.8% | ||
| Q2 25 | — | -27.5% | ||
| Q1 25 | — | -29.5% | ||
| Q4 24 | -52.8% | -37.6% | ||
| Q3 24 | -8.5% | -121.4% | ||
| Q2 24 | -4.9% | -30.3% | ||
| Q1 24 | -8.0% | -28.5% |
| Q4 25 | — | -34.9% | ||
| Q3 25 | — | -4.1% | ||
| Q2 25 | — | -26.5% | ||
| Q1 25 | — | -28.1% | ||
| Q4 24 | -48.2% | -35.4% | ||
| Q3 24 | -8.5% | -118.0% | ||
| Q2 24 | -11.7% | -27.2% | ||
| Q1 24 | -7.4% | -24.9% |
| Q4 25 | — | $-0.22 | ||
| Q3 25 | — | $-0.03 | ||
| Q2 25 | — | $-0.13 | ||
| Q1 25 | — | $-0.12 | ||
| Q4 24 | $-13.46 | $-0.13 | ||
| Q3 24 | $-2.47 | $-0.39 | ||
| Q2 24 | $-3.92 | $-0.11 | ||
| 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 | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $4.5M | $53.2M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $13.4M | $96.0M |
| Total Assets | $108.2M | $139.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $53.2M | ||
| Q3 25 | — | $59.0M | ||
| Q2 25 | — | $57.0M | ||
| Q1 25 | — | $57.8M | ||
| Q4 24 | $4.5M | $54.6M | ||
| Q3 24 | $6.3M | $69.8M | ||
| Q2 24 | $1.8M | $80.1M | ||
| Q1 24 | $5.5M | $93.9M |
| Q4 25 | — | $96.0M | ||
| Q3 25 | — | $119.7M | ||
| Q2 25 | — | $118.4M | ||
| Q1 25 | — | $126.1M | ||
| Q4 24 | $13.4M | $127.1M | ||
| Q3 24 | $43.8M | $129.5M | ||
| Q2 24 | $48.7M | $149.1M | ||
| Q1 24 | $57.7M | $154.4M |
| Q4 25 | — | $139.9M | ||
| Q3 25 | — | $164.3M | ||
| Q2 25 | — | $165.0M | ||
| Q1 25 | — | $158.1M | ||
| Q4 24 | $108.2M | $158.2M | ||
| Q3 24 | $153.5M | $166.3M | ||
| Q2 24 | $145.3M | $182.4M | ||
| Q1 24 | $160.6M | $195.4M |
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 | $8.0M |
| Free Cash FlowOCF − Capex | $-2.6M | $8.0M |
| FCF MarginFCF / Revenue | -3.9% | 17.0% |
| Capex IntensityCapex / Revenue | 0.0% | 0.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $1.3M | $29.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $8.0M | ||
| Q3 25 | — | $9.1M | ||
| Q2 25 | — | $7.0M | ||
| Q1 25 | — | $6.1M | ||
| Q4 24 | $-2.5M | $-10.5M | ||
| Q3 24 | $-5.5M | $-7.1M | ||
| Q2 24 | $3.7M | $-8.0M | ||
| Q1 24 | $6.9M | $-350.0K |
| Q4 25 | — | $8.0M | ||
| Q3 25 | — | $8.7M | ||
| Q2 25 | — | $6.8M | ||
| Q1 25 | — | $6.0M | ||
| Q4 24 | $-2.6M | $-12.4M | ||
| Q3 24 | $-5.9M | $-7.1M | ||
| Q2 24 | $3.4M | $-8.2M | ||
| Q1 24 | $6.4M | $-447.0K |
| Q4 25 | — | 17.0% | ||
| Q3 25 | — | 16.9% | ||
| Q2 25 | — | 19.0% | ||
| Q1 25 | — | 19.5% | ||
| Q4 24 | -3.9% | -47.0% | ||
| Q3 24 | -7.3% | -30.0% | ||
| Q2 24 | 3.7% | -28.9% | ||
| Q1 24 | 8.3% | -1.5% |
| Q4 25 | — | 0.1% | ||
| Q3 25 | — | 0.9% | ||
| Q2 25 | — | 0.4% | ||
| Q1 25 | — | 0.4% | ||
| Q4 24 | 0.0% | 7.1% | ||
| Q3 24 | 0.5% | 0.2% | ||
| Q2 24 | 0.4% | 0.8% | ||
| Q1 24 | 0.7% | 0.3% |
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% |
TLS
| Security Solutions Segment | $44.8M | 96% |
| Secure Networks Segment | $1.9M | 4% |
