THE LOVESAC COMPANY
Cash Flow Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $4.1M | $11.6M | $23.9M | $26.5M | $47.5M | $14.7M | $-15.2M | $-6.7M |
| Depreciation & Amortization | $14.9M | $14.3M | $12.2M | $10.5M | $7.2M | $6.1M | $4.9M | $2.9M |
| Depreciation | — | — | — | — | $7.2M | $6.1M | $4.9M | $2.9M |
| Amortization | $319.0K | $418.0K | $429.0K | $388.0K | $705.0K | $513.0K | $264.0K | $198.5K |
| Stock-Based Compensation | $5.5M | $7.9M | $4.2M | $10.5M | $5.9M | $4.7M | $5.2M | $3.3M |
| Net Cash from Operating Activities | $49.3M | $39.0M | $76.4M | $-21.4M | $32.6M | $40.5M | $-11.2M | $-7.0M |
| Investing Activities | ||||||||
| Capital Expenditures | $23.1M | $21.0M | $28.7M | $25.2M | $14.6M | $8.4M | $10.3M | $10.7M |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | $-24.0M | $-21.5M | $-29.2M | $-25.5M | $-15.1M | $-9.1M | $-10.7M | $-11.4M |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | — | — | — | — |
| Stock Repurchases | $6.0M | $19.9M | $0 | $0 | — | — | — | — |
| Net Cash from Financing Activities | $-7.2M | $-20.8M | $-3.7M | $-1.9M | $-3.5M | $-1.7M | $21.3M | $58.3M |
| Net Change in Cash | $18.1M | $-3.3M | $43.5M | $-48.9M | $14.1M | $29.8M | $-532.1K | $39.9M |
| Free Cash Flow | $26.2M | $18.0M | $47.7M | $-46.6M | $18.0M | $32.1M | $-21.5M | $-17.8M |