Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 29, 2026	Mar. 30, 2025
Cash Flows from Operating Activities
Net loss and comprehensive loss	$ (4,090)	$ (7,998)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization	1,113	1,351
Noncash lease expense	1,124	1,295
Gain on lease modification		(92)
Amortization of debt discount and debt issuance costs	53	31
Equity-based compensation expense	717	1,474
Changes in operating assets and liabilities:
Accounts receivable	(4,607)	(1,967)
Inventories	(636)	(5,632)
Assets for recovery	(2,209)	(2,636)
Income tax receivable	818	3,017
Prepaid and other current assets	(473)	118
Accounts payable	(601)	(740)
Accrued expenses and other current liabilities	16,714	21,198
Operating lease liabilities	(1,161)	(1,113)
Other noncurrent liabilities	138	16
Net cash provided by operating activities	6,900	8,322
Cash Flows from Investing Activities
Capitalized software development costs	(354)	(427)
Purchases of property and equipment	(46)	(140)
Net cash used in investing activities	(400)	(567)
Cash Flows from Financing Activities
Proceeds from issuance of common stock under ESPP	20	88
Principal payments on finance lease obligations	(494)	(318)
Withholding tax payments related to vesting of RSUs	(186)	(130)
Repurchase of common stock		(239)
Net cash used in financing activities	(1,722)	(3,599)
Net increase in cash and cash equivalents	4,778	4,156
Cash and cash equivalents at beginning of period	2,661	4,460
Cash and cash equivalents at end of period	7,439	8,616
Supplemental Disclosure
Income taxes, net	763	(3,107)
Interest	384	539
Operating leases	1,390	1,371
Finance leases	504	336
Supplemental Disclosure of Non-Cash Investing and Financing Activities
Remeasurement of operating lease right-of-use assets for lease modification	1,080	3,145
Purchases of property and equipment included in accounts payable and accrued expenses	44	115
Capitalized software development costs included in accrued expenses	63	30
2021 Credit Agreement
Cash Flows from Financing Activities
Repayments on revolving line of credit		$ (3,000)
2025 Credit Agreement
Cash Flows from Financing Activities
Proceeds from borrowings on Asset Based Revolving Credit Facility	60,713
Repayments on revolving line of credit	$ (61,775)

Lulu's Fashion Lounge Holdings, Inc. 10-Q