Quarterly ResultMay 12, 2026, 07:02 AM
LightInTheBox Q1 Revenue +11% to $52M; Net Income $1.2M
AI Summary
LightInTheBox reported strong first-quarter 2026 financial results, achieving its eighth consecutive profitable quarter and a record Q1 profit of $1.2 million. Total revenues increased by 11% year-over-year to $52.0 million, marking a clear turnaround and sustained recovery. The company's branded apparel business showed significant momentum, growing over 81% year-over-year and contributing 24% to total revenue. Management expressed confidence in continued revenue and profit growth for 2026.
Key Highlights
- Total revenues increased 11% year-over-year to $52.0 million.
- Net income reached $1.2 million, up from $0.1 million in Q1 2025.
- Adjusted EBITDA was $1.5 million, compared to $0.6 million last year.
- Gross profit was $33.8 million, with a stable gross margin of 65.0%.
- Branded apparel business grew over 81% YoY, representing 24% of total revenue.
- General and administrative expenses decreased by 15% year-over-year to $4.2 million.
- The company repurchased 565,217 ADSs for approximately $1.3 million.