)
Edge28 Nov 2025
Keeping the Streak Alive: The Story of Duolingo
How Duolingo made language learning addictive, scaled to millions of users, and built a powerful subscription business around everyday practice.
Lulu's Fashion Lounge (LVLU) investor relations material
Lulu's Fashion Lounge Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary12 Nov, 2025
Executive summary
Net revenue for Q3 2025 was $73.6 million, down 9% year-over-year, with a net loss of $2.3 million, a significant improvement from a $6.9 million loss in Q3 2024.
Achieved a second consecutive quarter of positive adjusted EBITDA, up $3.9 million from Q3 2024, driven by strong performance in special occasion and bridesmaid categories, offset by weaker casual wear and footwear.
Gross margin improved to 42.6% from 38.1% year-over-year, driven by higher product margins, full-price sales, and margin improvement initiatives.
Entered a new credit agreement with White Oak Commercial Finance, improving liquidity and financial flexibility.
Active customers declined to 2.4 million from 2.7 million year-over-year, while average order value increased to $141 from $131.
Financial highlights
Net revenue for the first nine months of 2025 was $219.3 million, down 12% year-over-year.
Net loss for the first nine months was $13.3 million, compared to $23.4 million in the prior year period.
Free cash flow for Q3 was negative $2.4 million, a $3.9 million year-over-year improvement; year-to-date free cash flow was $3.5 million.
Selling and marketing expenses decreased 4% in Q3 and 9% year-to-date, reflecting lower marketing and processing costs.
General and administrative expenses fell 18% in Q3 and 17% year-to-date, driven by reduced headcount and lower equity-based compensation.
Outlook and guidance
Expect significant year-over-year improvement in adjusted EBITDA for Q4 2025.
Full-year capital expenditures projected at approximately $2.5 million.
Outlook incorporates anticipated headwinds from tariffs, consumer demand, inflation, supply chain, and macroeconomic uncertainties.
Anticipate top-line pressure from shoes and casual apparel to moderate by end of Q2 2026 as inventory realignment progresses.
The company plans to maintain disciplined capital spending and focus on operational efficiencies to support a return to profitability.
When will casual wear drag on revenue end?
Quantify wholesale's contribution to future growth.
What is the current available liquidity?
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Next Lulu's Fashion Lounge earnings date
Q4 20256 Mar, 2026
Next Lulu's Fashion Lounge earnings date
Q4 20256 Mar, 2026
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
)
)
Frequently asked questions
Lulu's Fashion Lounge Holdings Inc. is an online retail company specializing in women’s apparel, footwear, and accessories. The company focuses on offering fashionable and affordable items for various occasions, including casual wear, special events, and weddings. Lulu’s targets millennial and Gen Z consumers with trend-forward designs, emphasizing quality and accessible price points. The company is headquartered in Chico, California, and its shares are listed on the NASDAQ Stock Exchange.
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage