{"url_path":"/sec/luvu/10-q/2026/cover-page","section_key":"cover-page","section_title":"Cover Page","topic":"sec","document":{"doc_type":"10-Q","doc_date":"2026-05-15","source_url":"https://www.sec.gov/Archives/edgar/data/1374567/0001654954-26-004991-index.html","accession_number":"0001654954-26-004991","cik":"0001374567","ticker":"LUVU","issuer_name":"Luvu Brands, Inc.","edgar_url":"https://www.sec.gov/Archives/edgar/data/1374567/0001654954-26-004991-index.html","primary_entity_key":"0001374567","primary_entity_name":"Luvu Brands, 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STATES**\n\n**SECURITIES AND EXCHANGE COMMISSION**\n\n**Washington, D.C. 20549**\n\n \n\n**FORM 10-Q**\n\n \n\n**(Mark One)**\n\n☒\n\nQUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934\n\n \n\n \n\n**FOR THE QUARTERLY PERIOD ENDED MARCH 31, 2026**\n\n \n\n \n\nor\n\n \n\n☐\n\nTRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934\n\n \n\nFor the transition period from _____ to _____\n\n \n\n**Commission File Number 000-53314**\n\n \n\n**Luvu Brands, Inc.**\n\n(Exact name of registrant as specified in its charter)\n\n \n\nFlorida\n\n \n\n59-3581576\n\n(State or other jurisdiction of incorporation or organization)\n\n \n\n(I.R.S. Employer Identification No.)\n\n \n\n**2745 Bankers Industrial Drive, Atlanta, GA**\n\n \n\n**30360**\n\n(Address of principal executive offices)\n\n \n\n(Zip code)\n\n \n\n**(770) 246-6400**\n\n(Registrant’s telephone number, including area code)\n\n \n\nSecurities registered pursuant to Section 12(b) of the Act:\n\n \n\nTitle of each class\n\n \n\nTrading Symbol(s)\n\n \n\nName of each exchange on which registered\n\nNone\n\n \n\n \n\n \n\n \n\n \n\nIndicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐\n\n \n\nIndicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒  No ☐\n\n \n\nIndicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company.  See definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act (Check one):\n\n \n\nLarge accelerated filer\n\n☐\n\nAccelerated filer\n\n☐\n\nNon-accelerated filer\n\n☒\n\nSmaller reporting company\n\n☒\n\n \n\n \n\nEmerging growth company\n\n☐\n\n \n\nIf an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐\n\n \n\nIndicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No ☒\n\n \n\nAs of May 31, 2026, there were 76,834,057 shares of common stock outstanding. \n\n \n\n \n\n \n\n \n\n**LUVU BRANDS, INC.**\n\n \n\n**TABLE OF CONTENTS**\n\n \n\n \n\n**PART I – FINANCIAL INFORMATION**\n\n \n\n \n\n \n\n \n\n \n\n**Page Number** \n\n[ITEM 1.](#p1i1)\n\n[Financial Statements](#p1i1)\n\n \n\n4\n\n \n\n \n\n \n\n \n\n \n\n[Consolidated Balance Sheets – At March 31, 2026 (unaudited) and June 30, 2025](#bs)\n\n \n\n4\n\n \n\n[Consolidated Statements of Operations – For the Three and Nine Months Ended March 31, 2026 (unaudited) and March 31, 2025 (unaudited)](#soo)\n\n \n\n8\n\n \n\n[Consolidated Statements of Stockholders’ Equity – For the Three and Nine Months Ended March 31, 2026 (unaudited) and March 31, 2025 (unaudited)](#eqt)\n\n \n\n6\n\n \n\n[Consolidated Statements of Cash Flows – For the Nine Months Ended March 31, 2026 (unaudited) and March 31, 2025 (unaudited)](#cf)\n\n \n\n7\n\n \n\n[Notes Consolidated Financial Statements (unaudited)](#notes)\n\n \n\n8\n\n \n\n \n\n \n\n \n\n[ITEM 2.](#p1i2)\n\n[Management’s Discussion and Analysis of Financial Condition and Results of Operations](#p1i2)\n\n \n\n25\n\n \n\n \n\n \n\n \n\n[ITEM 3.](#p1i3)\n\n[Quantitative and Qualitative Disclosures about Market Risk](#p1i3)\n\n \n\n28\n\n \n\n \n\n \n\n \n\n[ITEM 4.](#p1i4)\n\n[Controls and Procedures](#p1i4)\n\n \n\n28\n\n \n\n \n\n \n\n \n\n \n\n**PART II – OTHER INFORMATION**\n\n \n\n \n\n \n\n \n\n \n\n \n\n[ITEM 1.](#p2i1)\n\n[Legal Proceedings](#p2i1)\n\n \n\n29\n\n \n\n \n\n \n\n \n\n[ITEM 1A.](#p2i1a)\n\n[Risk Factors](#p2i1a)\n\n \n\n29\n\n \n\n \n\n \n\n \n\n[ITEM 2.](#p2i2)\n\n[Unregistered Sales of Equity Securities and Use of Proceeds](#p2i2)\n\n \n\n29\n\n \n\n \n\n \n\n \n\n[ITEM 3.](#p2i3)\n\n[Defaults Upon Senior Securities](#p2i3)\n\n \n\n29\n\n \n\n \n\n \n\n \n\n[ITEM 4.](#p2i4)\n\n[Mine Safety Disclosures](#p2i4)\n\n \n\n29\n\n \n\n \n\n \n\n \n\n[ITEM 5.](#p2i5)\n\n[Other Information](#p2i5)\n\n \n\n29\n\n \n\n \n\n \n\n \n\n[ITEM 6.](#p2i6)\n\n[Exhibits](#p2i6)\n\n \n\n30\n\n \n\n \n\n \n\n \n\n[SIGNATURES](#sig)\n\n \n\n 31\n\n  \n\nUnless the context otherwise indicates, when used in this report, the terms the “Company,” “LUVU,” “we,” “us,” “our” and similar terms refer to LUVU Brands, Inc. and the Company’s wholly owned subsidiaries, OneUp Innovations, Inc. (“OneUp”), and Foam Labs, Inc. (“Foam Labs”). The Company’s corporate website is *www.LuvuBrands.com*. Certain of the Company’s documents, its news releases and the Company’s filings with the U.S. Securities and Exchange Commission including financial statements are available on the Company’s corporate website.\n\n \n\nUnless specifically set forth to the contrary, the information that appears on the Company’s websites or its various social media platforms is not part of this report.\n\n \n\n \n\n2\n\n*Table of Contents*\n\n \n\n**CAUTIONARY STATEMENT REGARDING FORWARD LOOKING INFORMATION**\n\n \n\nThis report may contain forward-looking statements, which include statements that are predictive in nature, depend upon or refer to future events or conditions, and usually include words such as “expects,” “anticipates,” “intends,” “plan,” “believes,” “predicts,” “estimates” or similar expressions. In addition, any statement concerning future financial performance, ongoing business strategies or prospects and possible future actions are also forward-looking statements. Forward-looking statements are based upon current expectations and projections about future events and are subject to risks, uncertainties and the accuracy of assumptions concerning the Company, the performance of the industry in which they do business and economic and market factors, among other things. These forward-looking statements are not guarantees of future performance. You should not place undue reliance on forward-looking statements. Forward-looking statements speak only as of the date of this report. Except to the extent required by federal securities laws, the Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.\n\n \n\n \n\n3\n\n*Table of Contents*\n\n \n\n**PART I******\n\n**FINANCIAL INFORMATION**"}