HomesToLife Ltd. Reports 9.7% Revenue Growth, Net Income Declines
HomesToLife Ltd. filed its unaudited condensed consolidated financial statements for the six months ended June 30, 2026. Revenues increased by 9.7% to $198.3 million, driven by export and retail sales, while gross profit rose 14.4% to $57.0 million. However, net income decreased to $6.1 million from $10.0 million in the prior year period, resulting in lower earnings per share of $0.07. The company also reported a $1.0 million investment in equity securities and a decrease in both total assets and liabilities.
Key Highlights
- HomesToLife Ltd reported revenues of $198.3 million for the six months ended June 30, 2026, an increase of 9.7% from $180.8 million in the prior year period.
- Gross profit increased by 14.4% to $57.0 million for the six months ended June 30, 2026, from $49.8 million in the prior year period.
- Net income for the six months ended June 30, 2026, was $6.1 million, a decrease from $10.0 million for the same period in 2025.
- Earnings per share (diluted) decreased to $0.07 for the six months ended June 30, 2026, from $0.11 for the same period in 2025.
- Total assets decreased to $125.0 million as of June 30, 2026, from $139.2 million as of December 31, 2025.
- Total liabilities decreased to $97.3 million as of June 30, 2026, from $111.3 million as of December 31, 2025.
- The company recognized a $1.0 million investment in equity securities during the period.
- Cash flows used in operating activities were $8.3 million for the six months ended June 30, 2026.
Price Impact
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