What is Lovesac's accrued excise taxes?

Lovesac (LOVE) reported accrued excise taxes of $0 in Q1 2026.

How has Lovesac's accrued excise taxes changed year-over-year?

Lovesac's accrued excise taxes decreased by 100.0% year-over-year, from $58K to $0.

What does accrued excise taxes mean?

This reflects the accrued liability for excise taxes imposed on the repurchase of corporate stock. It represents a regulatory cost associated with returning capital to shareholders through buyback programs. Investors monitor this to assess the tax efficiency and total cost of capital allocation strategies involving share repurchases.

Lovesac LOVE Accrued excise taxes

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Other financials

Income statement

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Revenue$138.2M-0.1%

Gross profit$72.0M-3.2%

Operating income-$17.4M-16.2%

Net income-$11.1M-2.3%

EPS (diluted)-$0.76-4.1%

Balance sheet

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Cash & equivalents$57.0M+112%

Total debt$190.9M-0.4%

Total equity$205.5M+2.1%

Total assets$501.0M+3.6%

Cash flow

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Operating cash flow-$35.4M+14.6%

CapEx$5.0M-41.4%

Free cash flow-$40.4M+19.2%

Valuation

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Market cap$244.32M-8.7%

Enterprise value$378.19M-12.5%

P/E64.1×+44.5×

P/S0.4×0.0×

Profitability

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Gross margin56.1%-2.2pp

Operating margin0.4%-2.0pp

Net margin0.5%-1.4pp

FCF margin5.1%+3.8pp

Returns & leverage

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Return on equity1.9%-4.9pp

Debt / equity0.9×0.0×

Current ratio1.6×-0.1×

Where this comes from

Reported directly by Lovesac in its filing.

Tagged under the XBRL concept us-gaap:ShareRepurchaseProgramExciseTaxPayable.

The official record: Lovesac’s 10-Q, filed June 11, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Lovesac's accrued excise taxes?: Lovesac (LOVE) reported accrued excise taxes of $0 in Q1 2026.
How has Lovesac's accrued excise taxes changed year-over-year?: Lovesac's accrued excise taxes decreased by 100.0% year-over-year, from $58K to $0.
What does accrued excise taxes mean?: This reflects the accrued liability for excise taxes imposed on the repurchase of corporate stock. It represents a regulatory cost associated with returning capital to shareholders through buyback programs. Investors monitor this to assess the tax efficiency and total cost of capital allocation strategies involving share repurchases.