The company maintains a debt-to-equity ratio between 0.81 and 1.01, though liquidity remains vulnerable as evidenced by a current ratio that dropped to 1.36 in 2026Q3.
| Total Current Assets | 198.99M | 236.64M | 246.6M | 214.45M | 187.72M | 221.73M | 143.4M | 100.18M | 85.11M | 29.69M | 13.22M | 12.37M |
| Cash & Short-Term Investments | 57M | 101.85M | 83.73M | 87.04M | 43.53M | 92.39M | 78.34M | 48.54M | 49.07M | 9.18M | 878.7K | 208.84K |
| Cash Only | 57M | 101.85M | 83.73M | 87.04M | 43.53M | 92.39M | 78.34M | 48.54M | 49.07M | 9.18M | 878.7K | 208.84K |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 13.16M | 11.73M | 16.78M | 13.46M | 9.1M | 8.77M | 5.98M | 7.19M | 3.96M | 2.81M | 1.01M | 1.19M |
| Days Sales Outstanding | 7.32 | 6.14 | 9 | 7.02 | 5.1 | 6.43 | 6.8 | 11.24 | 8.7 | 10.06 | 4.82 | 5.85 |
| Inventory | 109.27M | 106.32M | 124.33M | 98.44M | 119.63M | 108.49M | 50.42M | 36.4M | 26.15M | 11.64M | 9.43M | 8.39M |
| Days Inventory Outstanding | 139.88 | 121.61 | 160.48 | 120.08 | 141.98 | 176.23 | 126.07 | 113.86 | 127.28 | 95.29 | 99.38 | 91.02 |
| Other Current Assets | 6.18M | 6.26M | 6.94M | 3.85M | 5.07M | 576K | 549K | 152.01K | 1.19M | 1.58M | 513.73K | 904.77K |
| Total Non-Current Assets | 301.98M | 298.05M | 285.65M | 267.73M | 220.91M | 147.35M | 27.62M | 25.49M | 19.9M | 11.76M | 7.5M | 5.45M |
| Property, Plant & Equipment | 248.07M | 249.72M | 235.74M | 226.66M | 188.31M | 135.03M | 25.87M | 23.84M | 18.6M | 11.04M | 6.59M | 4.74M |
| Fixed Asset Turnover | 2.79x | 2.79x | 2.89x | 3.09x | 3.46x | 3.69x | 12.40x | 9.79x | 8.92x | 9.22x | 11.58x | 15.64x |
| Goodwill | 144K | 144K | 144K | 144K | 144K | 144K | 144K | 143.56K | 143.56K | 143.56K | 143.56K | 143.56K |
| Intangible Assets | 2.64M | 2.37M | 1.59M | 1.46M | 1.41M | 1.41M | 1.52M | 1.35M | 942.33K | 526.37K | 571.82K | 548.26K |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 32.09M | 32.42M | 32.91M | 28.66M | 22.36M | 1.05M | 91K | 146.05K | 219.07K | 48.15K | 192.65K | 12.84K |
| Total Assets | 500.97M | 534.68M | 532.25M | 482.18M | 408.63M | 369.08M | 171.02M | 125.66M | 105.01M | 41.44M | 20.72M | 17.82M |
| Asset Turnover | 1.38x | 1.30x | 1.28x | 1.45x | 1.59x | 1.35x | 1.88x | 1.86x | 1.58x | 2.46x | 3.68x | 4.16x |
| Asset Growth % | 5.81% | 0.46% | 10.38% | 18% | 10.71% | 115.81% | 36.09% | 19.66% | 153.41% | 100% | 16.28% | - |
| Total Current Liabilities | 128.37M | 147.11M | 155.11M | 106.36M | 82.04M | 114.7M | 56.32M | 32.4M | 24.62M | 16.74M | 9.87M | 11.52M |
| Accounts Payable | 43.84M | 43.74M | 51.81M | 28.82M | 24.58M | 33.25M | 24.31M | 19.89M | 16.84M | 12.7M | 7.1M | 7.73M |
| Days Payables Outstanding | 50.41 | 50.03 | 66.88 | 35.16 | 29.17 | 54 | 60.79 | 62.21 | 81.94 | 103.92 | 74.82 | 83.92 |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 405 | 194.53K | 0 |
| Deferred Revenue (Current) | 48.15M | 11.54M | 11.25M | 8.26M | 6.76M | 13.32M | 5.99M | 1.65M | 1.06M | 909.24K | 695.4K | 1.01M |
| Other Current Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Current Ratio | 1.55x | 1.61x | 1.59x | 2.02x | 2.29x | 1.93x | 2.55x | 3.09x | 3.46x | 1.77x | 1.34x | 1.07x |
| Quick Ratio | 0.70x | 0.89x | 0.79x | 1.09x | 0.83x | 0.99x | 1.65x | 1.97x | 2.39x | 1.08x | 0.38x | 0.35x |
| Cash Conversion Cycle | 96.79 | 77.72 | 102.6 | 91.94 | 117.92 | 128.65 | 72.08 | 62.89 | 54.05 | 1.43 | 29.38 | 12.96 |
| Total Non-Current Liabilities | 167.07M | 168.86M | 160.78M | 158.33M | 133.49M | 96.57M | 6.75M | 3.11M | 1.63M | 1.06M | 3.8M | 3.66M |
| Long-Term Debt | 0 | 168.4M | 0 | 0 | 0 | 0 | 0 | 0 | 31.37K | 0 | 3.1M | 3.18M |
| Capital Lease Obligations | 674.47M | 0 | 160.36M | 157.88M | 133.49M | 96.57M | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 464K | 464K | 424K | 452K | 0 | 0 | 6.75M | 3.11M | 1.59M | 1.06M | 703.64K | 487.11K |
| Total Liabilities | 295.44M | 315.98M | 315.89M | 264.68M | 215.53M | 211.27M | 63.07M | 35.51M | 26.24M | 17.8M | 13.67M | 15.19M |
| Total Debt | 190.87M | 192.51M | 183.02M | 175.5M | 146.57M | 108.51M | 0 | 0 | 31.37K | 405 | 3.29M | 3.18M |
| Net Debt | 133.88M | 90.66M | 99.29M | 88.47M | 103.03M | 16.12M | -78.34M | -48.54M | -49.04M | -9.18M | 2.41M | 2.97M |
| Debt / Equity | 0.93x | 0.88x | 0.85x | 0.81x | 0.76x | 0.69x | - | - | 0.00x | 0.00x | 0.47x | 1.21x |
| Debt / EBITDA | 10.20x | 9.36x | 6.45x | 4.11x | 3.07x | 2.24x | - | - | - | - | - | - |
| Net Debt / EBITDA | 7.15x | 4.41x | 3.50x | 2.07x | 2.16x | 0.33x | -3.64x | - | - | - | - | - |
| Interest Coverage | - | - | - | - | 315.95x | 226.69x | 220.82x | - | - | -11.50x | -10.91x | -4.33x |
| Total Equity | 205.53M | 218.71M | 216.35M | 217.5M | 193.09M | 157.81M | 107.95M | 90.15M | 78.77M | 23.64M | 7.05M | 2.63M |
| Equity Growth % | -2.74% | 1.09% | -0.52% | 12.64% | 22.36% | 46.2% | 19.73% | 14.45% | 233.23% | 235.3% | 167.82% | - |
| Book Value per Share | 14.01 | 14.88 | 12.88 | 13.21 | 12.10 | 9.83 | 7.04 | 6.32 | 7.48 | 1.83 | 0.55 | 0.20 |
| Total Shareholders' Equity | 205.53M | 218.71M | 216.35M | 217.5M | 193.09M | 157.81M | 107.95M | 90.15M | 78.77M | 23.64M | 7.05M | 2.63M |
| Common Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 145 | 136 | 61 | 150 | 127 |
| Retained Earnings | 10.41M | 23.86M | 25.84M | 34.4M | 10.54M | -15.95M | -63.44M | -78.16M | -62.96M | -56.25M | -50.75M | -43.88M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
High Working Capital Volatility
According to recent financial filings, The Lovesac Company's total assets have fluctuated between $477.2M and $534.7M over the last ten quarters, reflecting a business model that remains highly sensitive to seasonal inventory cycles rather than consistent, long-term capital accumulation or structural balance sheet expansion.
The oscillation in total assets suggests that the company's balance sheet is primarily driven by working capital requirements rather than organic growth in productive assets. Investors should monitor whether this cyclicality prevents the company from building a more permanent, resilient capital base during non-peak periods.
As reported in quarterly statements, the company maintains a debt-to-equity ratio that has hovered between 0.81 and 1.01 over the past ten quarters, indicating that management has utilized debt to support operations without pushing leverage into levels that would typically signal significant financial distress.
While the debt load appears stable, the reliance on debt to fund operations during periods of negative retained earnings warrants caution. The current leverage profile suggests that the company is operating with limited room for error should interest costs rise or revenue growth fail to materialize.
Based on reported figures, the current ratio has experienced notable volatility, ranging from a high of 2.02 in 2024Q4 to a low of 1.36 in 2026Q3, which highlights the company's vulnerability to liquidity crunches during periods of lower seasonal demand and inventory accumulation.
The significant drop in cash reserves from $101.9M in 2026Q4 to $57.0M in 2027Q1 underscores the cash-intensive nature of the business model. This liquidity profile suggests that the company must maintain strict discipline over its working capital to avoid relying on external financing during off-peak quarters.
As indicated by the company's reported figures, retained earnings have shown extreme instability, swinging from a peak of $34.4M in 2024Q4 to a deficit of $8.2M in 2026Q3, which suggests that the firm has struggled to consistently generate and retain value for shareholders over the long term.
The erosion of retained earnings during periods of negative net income indicates that the company's growth strategy is currently consuming equity rather than building it. This trend may imply that the business model requires a higher level of sustained profitability to achieve a more robust equity position.
Analysis of recent SEC filings reveals that the company's net PPE has grown from $226.7M to $248.1M, which may mask the underlying risk of carrying high inventory levels in a cyclical retail environment where demand for premium furniture is highly sensitive to broader economic conditions.
The accumulation of fixed assets in the form of showrooms and inventory suggests a commitment to an asset-heavy model that could become a liability if consumer demand shifts. Investors should consider whether this capital intensity is justified by the current return on invested capital or if it represents an over-extension of the physical footprint.
Quick answers to the most common questions about buying LOVE stock.
As of 2026, The Lovesac Company (LOVE) had total assets of $534.7M including $236.6M in current assets.
The Lovesac Company (LOVE) carries total debt of $192.5M, offset by $101.9M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
The Lovesac Company (LOVE) has total shareholders' equity (book value) of $218.7M ($14.88 book value per share). Book value represents the net worth of the company belonging to common stock holders.
The Lovesac Company (LOVE) reported a current ratio of 1.61x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.