Lulus reported a net loss of $0.4 million in Q4 2025, a substantial improvement from $31.9 million in Q4 2024. Adjusted EBITDA turned positive in Q4 2025 at $2.6 million, compared to $(3.3) million in the prior year. Gross profit increased 11% to $27.9 million in Q4 2025, with Gross Margin expanding by 640 basis points to 44.3%. Full-year 2025 net loss was $13.7 million, significantly better than $55.3 million in 2024. Full-year 2025 Adjusted EBITDA improved to $(1.2) million from $(9.7) million in 2024. Net revenue decreased 5% in Q4 2025 to $63.0 million and 11% for FY 2025 to $282.3 million. Total Orders Placed decreased 11% in Q4 2025 and 15% for FY 2025, while Average Order Value increased 6% and 2% respectively. Active Customers decreased 11% to 2.3 million in FY 2025 from 2.6 million in 2024. The Board approved a proposal to decrease authorized common stock from 250 million to 15 million and preferred stock from 10 million to 500 thousand, pending stockholder approval. For fiscal year 2026, Lulus expects Adjusted EBITDA to turn positive and the net revenue growth trend to improve year-over-year.