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Side-by-side financial comparison of Lulu's Fashion Lounge Holdings, Inc. (LVLU) and Upland Software, Inc. (UPLD). 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 $49.3M, roughly 1.3× Upland Software, Inc.). On growth, Lulu's Fashion Lounge Holdings, Inc. posted the faster year-over-year revenue change (-11.8% vs -27.5%). Upland Software, Inc. produced more free cash flow last quarter ($7.2M vs $-2.6M). Over the past eight quarters, Lulu's Fashion Lounge Holdings, Inc.'s revenue compounded faster (-14.7% CAGR vs -16.5%).

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.

Upland Software, Inc. is a global provider of cloud-based enterprise work management solutions. It offers products covering project portfolio management, customer engagement, IT service management, and financial automation, serving businesses of all sizes across North America, Europe, and Asia-Pacific in tech, healthcare, and professional services sectors.

LVLU vs UPLD — Head-to-Head

Bigger by revenue
LVLU
LVLU
1.3× larger
LVLU
$66.1M
$49.3M
UPLD
Growing faster (revenue YoY)
LVLU
LVLU
+15.8% gap
LVLU
-11.8%
-27.5%
UPLD
More free cash flow
UPLD
UPLD
$9.8M more FCF
UPLD
$7.2M
$-2.6M
LVLU
Faster 2-yr revenue CAGR
LVLU
LVLU
Annualised
LVLU
-14.7%
-16.5%
UPLD

Income Statement — Q4 FY2024 vs Q4 FY2025

Metric
LVLU
LVLU
UPLD
UPLD
Revenue
$66.1M
$49.3M
Net Profit
$-31.9M
Gross Margin
37.9%
76.5%
Operating Margin
-52.8%
14.5%
Net Margin
-48.2%
Revenue YoY
-11.8%
-27.5%
Net Profit YoY
-340.9%
EPS (diluted)
$-13.46
$0.01

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
UPLD
UPLD
Q4 25
$49.3M
Q3 25
$50.5M
Q2 25
$53.4M
Q1 25
$63.7M
Q4 24
$66.1M
$68.0M
Q3 24
$80.5M
$66.7M
Q2 24
$92.0M
$69.3M
Q1 24
$77.3M
$70.7M
Net Profit
LVLU
LVLU
UPLD
UPLD
Q4 25
Q3 25
$-1.1M
Q2 25
$-13.0M
Q1 25
$-25.8M
Q4 24
$-31.9M
Q3 24
$-6.9M
$-1.7M
Q2 24
$-10.8M
$-11.4M
Q1 24
$-5.7M
$-96.1M
Gross Margin
LVLU
LVLU
UPLD
UPLD
Q4 25
76.5%
Q3 25
76.9%
Q2 25
74.8%
Q1 25
71.6%
Q4 24
37.9%
70.8%
Q3 24
38.1%
70.5%
Q2 24
45.5%
70.5%
Q1 24
42.3%
70.2%
Operating Margin
LVLU
LVLU
UPLD
UPLD
Q4 25
14.5%
Q3 25
10.6%
Q2 25
-13.2%
Q1 25
-1.7%
Q4 24
-52.8%
-2.9%
Q3 24
-8.5%
-5.0%
Q2 24
-4.9%
-7.7%
Q1 24
-8.0%
-129.6%
Net Margin
LVLU
LVLU
UPLD
UPLD
Q4 25
Q3 25
-2.2%
Q2 25
-24.4%
Q1 25
-40.6%
Q4 24
-48.2%
Q3 24
-8.5%
-2.6%
Q2 24
-11.7%
-16.5%
Q1 24
-7.4%
-135.9%
EPS (diluted)
LVLU
LVLU
UPLD
UPLD
Q4 25
$0.01
Q3 25
$-0.09
Q2 25
$-0.51
Q1 25
$-0.97
Q4 24
$-13.46
$-0.30
Q3 24
$-2.47
$-0.12
Q2 24
$-3.92
$-0.47
Q1 24
$-0.15
$-3.37

Balance Sheet & Financial Strength

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

Metric
LVLU
LVLU
UPLD
UPLD
Cash + ST InvestmentsLiquidity on hand
$4.5M
$29.4M
Total DebtLower is stronger
$232.4M
Stockholders' EquityBook value
$13.4M
$-48.4M
Total Assets
$108.2M
$413.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LVLU
LVLU
UPLD
UPLD
Q4 25
$29.4M
Q3 25
$22.8M
Q2 25
$41.0M
Q1 25
$33.7M
Q4 24
$4.5M
$56.4M
Q3 24
$6.3M
$59.7M
Q2 24
$1.8M
$232.4M
Q1 24
$5.5M
$231.6M
Total Debt
LVLU
LVLU
UPLD
UPLD
Q4 25
$232.4M
Q3 25
Q2 25
Q1 25
Q4 24
$290.2M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
LVLU
LVLU
UPLD
UPLD
Q4 25
$-48.4M
Q3 25
$-47.3M
Q2 25
$-42.4M
Q1 25
$-37.8M
Q4 24
$13.4M
$-18.3M
Q3 24
$43.8M
$907.0K
Q2 24
$48.7M
$6.5M
Q1 24
$57.7M
$20.1M
Total Assets
LVLU
LVLU
UPLD
UPLD
Q4 25
$413.2M
Q3 25
$409.1M
Q2 25
$441.7M
Q1 25
$457.0M
Q4 24
$108.2M
$529.5M
Q3 24
$153.5M
$554.9M
Q2 24
$145.3M
$739.9M
Q1 24
$160.6M
$754.9M

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
UPLD
UPLD
Operating Cash FlowLast quarter
$-2.5M
$7.3M
Free Cash FlowOCF − Capex
$-2.6M
$7.2M
FCF MarginFCF / Revenue
-3.9%
14.7%
Capex IntensityCapex / Revenue
0.0%
0.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$1.3M
$24.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LVLU
LVLU
UPLD
UPLD
Q4 25
$7.3M
Q3 25
$6.9M
Q2 25
$3.3M
Q1 25
$8.3M
Q4 24
$-2.5M
$9.3M
Q3 24
$-5.5M
$4.3M
Q2 24
$3.7M
$5.5M
Q1 24
$6.9M
$5.1M
Free Cash Flow
LVLU
LVLU
UPLD
UPLD
Q4 25
$7.2M
Q3 25
$6.7M
Q2 25
$2.7M
Q1 25
$7.9M
Q4 24
$-2.6M
$9.0M
Q3 24
$-5.9M
$4.2M
Q2 24
$3.4M
$5.2M
Q1 24
$6.4M
$4.9M
FCF Margin
LVLU
LVLU
UPLD
UPLD
Q4 25
14.7%
Q3 25
13.2%
Q2 25
5.0%
Q1 25
12.4%
Q4 24
-3.9%
13.3%
Q3 24
-7.3%
6.3%
Q2 24
3.7%
7.5%
Q1 24
8.3%
7.0%
Capex Intensity
LVLU
LVLU
UPLD
UPLD
Q4 25
0.2%
Q3 25
0.4%
Q2 25
1.2%
Q1 25
0.7%
Q4 24
0.0%
0.5%
Q3 24
0.5%
0.2%
Q2 24
0.4%
0.4%
Q1 24
0.7%
0.3%

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%

UPLD
UPLD

Segment breakdown not available.

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