RankAlpha logo
Back to Rankings

LITB

LightInTheBoxD
NYSE / Consumer Discretionary Distribution & Retail
Last Price
Quote time unavailable
View Chart
Documents
26
Stored
Transcripts
3
Recent loaded
Latest report
2026-08-26
Investor release

Document history

Earnings documents stored for LITB.

12 shown
Investor releaseQuarter not tagged2026-08-26

LightInTheBox Holding Co Ltd (LITB) (Q2 2026) Earnings Call Highlights: Strategic Brand Focus ...

GuruFocus.com
This article first appeared on GuruFocus. Revenue (Q2): $57 million, a 4% decrease year-over-year due to the deliberate phase-out of long-tail products. Revenue (H1): $108.8 million, a 3% increase year-over-year. Gross Margin (Q2): 66.1%, stable compared with 65.9% in the prior-year quarter. Net Income (Q2): $1.6 million, compared with $2 million in the same quarter last year. Net Income (H1): $2.7 million, up approximately 28% year-over-year. Adjusted EBITDA (Q2): $1.9 million. Adjusted EBITDA (H1): $3.3 million. Total Operating Expenses (Q2): $35 million, a 4% decrease year-over-year; as a percentage of revenue, decreased from 63% to 62%. Fulfillment Expenses (Q2): Decreased 3% to $4 million. Selling and Marketing Expenses (Q2): Decreased 4% to $27 million. G&A Expenses (Q2): Decreased 5% to $5 million. Warning! GuruFocus has detected 2 Warning Signs with LITB. Is LITB fairly valued? Test your thesis with our free DCF calculator. Release Date: August 26, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. First-half 2026 revenue increased 3% year-over-year to $108.8 million, with net income growing approximately 28% to $2.7 million. Gross margin remained resilient at 66.1% in Q2 2026, up slightly from 65.9% a year ago, reflecting a focus on higher-margin lifestyle products. Disciplined expense management led to a 4% year-over-year decrease in total operating expenses, with selling and marketing expenses down 4% and G&A expenses down 5%. The company's brand matrix strategy (Ador, Msglamor, Skol) is showing good progress in top-line, bottom-line, and repeat purchase rates, with plans to add new brands. Adjusted EBITDA improved to $3.3 million in the first half of 2026, and the company remained profitable in Q2 with net income of $1.6 million. The company is leveraging AI to enhance product discovery, personalization, and curation, positioning itself for evolving consumer needs. Q2 2026 total revenues decreased 4% year-over-year to $57 million, impacted by the deliberate phase-out of long-tail products. The external environment was challenging, with geopolitical disruptions increasing pressure on cross-border logistics and related costs. A weaker US dollar created additional foreign exchange headwinds for global operations. Net income in Q2 2026 declined to $1.6 million from $2 million in the same quarter…Read full document

This article first appeared on GuruFocus. Revenue (Q2): $57 million, a 4% decrease year-over-year due to the deliberate phase-out of long-tail products. Revenue (H1): $108.8 million, a 3% increase year-over-year. Gross Margin (Q2): 66.1%, stable compared with 65.9% in the prior-year quarter. Net Income (Q2): $1.6 million, compared with $2 million in the same quarter last year. Net Income (H1): $2.7 million, up approximately 28% year-over-year. Adjusted EBITDA (Q2): $1.9 million. Adjusted EBITDA (H1): $3.3 million. Total Operating Expenses (Q2): $35 million, a 4% decrease year-over-year; as a percentage of revenue, decreased from 63% to 62%. Fulfillment Expenses (Q2): Decreased 3% to $4 million. Selling and Marketing Expenses (Q2): Decreased 4% to $27 million. G&A Expenses (Q2): Decreased 5% to $5 million. Warning! GuruFocus has detected 2 Warning Signs with LITB. Is LITB fairly valued? Test your thesis with our free DCF calculator. Release Date: August 26, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. First-half 2026 revenue increased 3% year-over-year to $108.8 million, with net income growing approximately 28% to $2.7 million. Gross margin remained resilient at 66.1% in Q2 2026, up slightly from 65.9% a year ago, reflecting a focus on higher-margin lifestyle products. Disciplined expense management led to a 4% year-over-year decrease in total operating expenses, with selling and marketing expenses down 4% and G&A expenses down 5%. The company's brand matrix strategy (Ador, Msglamor, Skol) is showing good progress in top-line, bottom-line, and repeat purchase rates, with plans to add new brands. Adjusted EBITDA improved to $3.3 million in the first half of 2026, and the company remained profitable in Q2 with net income of $1.6 million. The company is leveraging AI to enhance product discovery, personalization, and curation, positioning itself for evolving consumer needs. Q2 2026 total revenues decreased 4% year-over-year to $57 million, impacted by the deliberate phase-out of long-tail products. The external environment was challenging, with geopolitical disruptions increasing pressure on cross-border logistics and related costs. A weaker US dollar created additional foreign exchange headwinds for global operations. Net income in Q2 2026 declined to $1.6 million from $2 million in the same quarter last year. The company did not provide specific details on insider ownership or public float, which may leave investors with limited transparency. The phase-out of long-tail products contributed to a marginal revenue decline, indicating a potential short-term trade-off for strategic focus. Q: Could you provide an update on how many shares are in the public float, and how much do insiders own of the company?A: Wenyu Liu (CFO) declined to provide specific figures on the call, directing investors to the company's IR website for details on insider share percentage. Q: Can you provide details on the company's brand matrix strategy, specifically regarding the three brands (Ador, Msglamor, and Skol) and any plans for adding new brands?A: Wenyu Liu (CFO) stated that the three brands are showing good progress in both top-line revenue and bottom-line profitability, with increasing repeat purchase rates. The company is also preparing additional brands to enhance its brand matrix, though no specific timeline or names were disclosed. For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Investor releaseQuarter not tagged2026-08-26

LightInTheBox Q2 Earnings Call Highlights

MarketBeat
Interested in LightInTheBox Holding Co., Ltd.? Here are five stocks we like better. Second-quarter revenue fell 4% year over year to $57 million as LightInTheBox phased out long-tail products, but the company remained profitable with a 66.1% gross margin and $1.6 million in net income. For the first half of 2026, revenue rose 3% to $108.8 million, while net income increased about 28% to $2.7 million. Lower operating expenses helped offset logistics and foreign-exchange pressures. Management is focusing on higher-margin lifestyle products, proprietary apparel brands and AI-driven personalization. The Ador, Miss Glamour and A. Skull brands showed improving sales, profitability and repeat-purchase rates. LightInTheBox (NYSE:LITB) reported second-quarter revenue of $57 million, down 4% from a year earlier, as the company continued to phase out long-tail products. Despite the revenue decline and what management described as a challenging external environment, the company maintained a gross margin above 66% and remained profitable. For the first half of 2026, revenue increased 3% year over year to $108.8 million, while net income rose approximately 28% to $2.7 million, Chairman and CEO Jian He said. Adjusted EBITDA for the six-month period improved to $3.3 million. → What Rising Delivery Forecasts Say About Rivian's Stock Prospects In the second quarter, LightInTheBox recorded net income of $1.6 million, compared with $2 million in the prior-year quarter. Adjusted EBITDA totaled $1.9 million, according to He. Chief Financial Officer Wendy Liu said gross margin was 66.1%, compared with 65.9% a year earlier. She attributed the stability in margin to the company’s continued focus on higher-margin lifestyle products. → NVIDIA Reveals $21 Billion SpaceX Stake: Signal of Confidence or Circular Financing? Liu said geopolitical disruptions increased pressure on cross-border logistics and related costs during the quarter. A weaker U.S. dollar also created foreign-exchange headwinds for the company’s global operations. Total operating expenses fell 4% year over year to $35 million. As a percentage of revenue, operating expenses declined to 62% from 63% in the prior-year period. Fulfillment expenses decreased 3% to $4 million. Selling and marketing expenses decreased 4% to $27 million. General and administrative expenses decreased 5% to $5 million. → Berkshire Boosts Its Bet…Read full document

Interested in LightInTheBox Holding Co., Ltd.? Here are five stocks we like better. Second-quarter revenue fell 4% year over year to $57 million as LightInTheBox phased out long-tail products, but the company remained profitable with a 66.1% gross margin and $1.6 million in net income. For the first half of 2026, revenue rose 3% to $108.8 million, while net income increased about 28% to $2.7 million. Lower operating expenses helped offset logistics and foreign-exchange pressures. Management is focusing on higher-margin lifestyle products, proprietary apparel brands and AI-driven personalization. The Ador, Miss Glamour and A. Skull brands showed improving sales, profitability and repeat-purchase rates. LightInTheBox (NYSE:LITB) reported second-quarter revenue of $57 million, down 4% from a year earlier, as the company continued to phase out long-tail products. Despite the revenue decline and what management described as a challenging external environment, the company maintained a gross margin above 66% and remained profitable. For the first half of 2026, revenue increased 3% year over year to $108.8 million, while net income rose approximately 28% to $2.7 million, Chairman and CEO Jian He said. Adjusted EBITDA for the six-month period improved to $3.3 million. → What Rising Delivery Forecasts Say About Rivian's Stock Prospects In the second quarter, LightInTheBox recorded net income of $1.6 million, compared with $2 million in the prior-year quarter. Adjusted EBITDA totaled $1.9 million, according to He. Chief Financial Officer Wendy Liu said gross margin was 66.1%, compared with 65.9% a year earlier. She attributed the stability in margin to the company’s continued focus on higher-margin lifestyle products. → NVIDIA Reveals $21 Billion SpaceX Stake: Signal of Confidence or Circular Financing? Liu said geopolitical disruptions increased pressure on cross-border logistics and related costs during the quarter. A weaker U.S. dollar also created foreign-exchange headwinds for the company’s global operations. Total operating expenses fell 4% year over year to $35 million. As a percentage of revenue, operating expenses declined to 62% from 63% in the prior-year period. Fulfillment expenses decreased 3% to $4 million. Selling and marketing expenses decreased 4% to $27 million. General and administrative expenses decreased 5% to $5 million. → Berkshire Boosts Its Bet: This AI Hyperscaler Is Now a Top-3 Holding He said the company’s disciplined expense management helped support profitability as revenue moderated during the product portfolio transition. He described the company’s multiyear effort to reshape its business around proprietary apparel brands, in-house product development and production capabilities. From 2023 through 2024, the company invested in those areas to gain greater control over product differentiation, quality and speed to market, he said. In 2025, LightInTheBox worked to evolve its online platform into a consumer lifestyle company, according to He. He said the effort has involved developing a deeper understanding of consumer preferences and sentiment in order to offer differentiated products and strengthen consumer engagement. Looking ahead, He said the company sees artificial intelligence becoming increasingly embedded in consumer behavior, including how people discover, evaluate and purchase products. He said LightInTheBox’s AI strategy will focus on using technology to anticipate changing consumer needs and improve product discovery, personalization and creation. “Our transformation from the AI era goes beyond adopting new technology tools,” He said. “It requires a deeper understanding of consumer intent.” He added that the company intends to continue evolving its product strategy around consumer demand for self-expression, emotional value and memorable experiences. During the question-and-answer session, a shareholder asked for an update on the company’s brand matrix strategy, citing the Ador, Miss Glamour and A. Skull brands. Liu said the company has seen “good progress” across the three brands in both top-line and bottom-line performance. She also said repeat purchase rates have been increasing. “These three brands are progressing really good,” Liu said, adding that LightInTheBox is preparing additional brands to enhance its brand matrix. When asked about insider ownership and the public float, Liu directed investors to the company’s investor-relations website for further details. LightInTheBox Co, Ltd. is a China-based global online retailer specializing in direct-to-consumer e-commerce. Headquartered in Beijing, the company operates two primary platforms—LightInTheBox and MiniInTheBox—that cater to customers around the world. Through these websites and mobile applications, it offers a broad range of merchandise, from fashion apparel and accessories to home and garden products, electronics, and wedding essentials. Since its founding in 2007, LightInTheBox has focused on providing affordable, trend-driven items sourced from a network of suppliers in Asia. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "LightInTheBox Q2 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for August 2026.

Investor releaseQuarter not tagged2026-08-26

LightInTheBox Reports Second Quarter 2026 Financial Results

PR Newswire
SINGAPORE, Aug. 26, 2026 /PRNewswire/ -- LightInTheBox Holding Co., Ltd. (NYSE: LITB) ("LightInTheBox" or the "Company"), a global consumer lifestyle company, today announced its unaudited financial results for the second quarter ended June 30, 2026. Second Quarter 2026 Financial Highlights Total Revenues were $56.8 million, a modest 4% decrease year over year, as the company optimized its product mix through phasing out long-tail products. Gross Profit was $37.6 million, compared with $38.8 million in the same quarter last year. Gross Margin was 66.1%, compared with 65.9% in the same quarter last year, which remained stable. Operating Expenses were $35.5 million, compared with $36.9 million in the same quarter last year. Net Income reached $1.6 million, compared with $2.0 million in the same quarter last year, marking sustained profitability amidst industry challenges. Adjusted EBITDA was $1.9 million, compared with $2.3 million in the same quarter last year. First Half 2026 Financial Highlights Total Revenues were $108.8 million, a 3% increase year over year. Gross Profit was $71.4 million, compared with $69.4 million in the same period last year. Gross Margin was 65.6% compared with 65.6% in 2025, which remained stable. Operating Expenses increased by 1% year over year to $68.2 million. Net Income reached $2.7 million, compared with $2.1 million in 2025, showcasing sustainable profitability. Adjusted EBITDA was $3.3 million, compared with $3.0 million in the same period last year. Jian He, Chairman and CEO of LightInTheBox, commented, "In the second quarter, we continued to execute with discipline amid geopolitical disruptions, higher logistics costs and foreign exchange headwinds. Revenue decreased modestly as we deliberately phased out some long-tail products, while gross margin remained stable at 66%. Through disciplined expense management, we remained profitable, generating net income of $1.6 million and Adjusted EBITDA of $1.9 million." "Our first-half results provide a clearer indication of the progress we are making. Revenue increased by 3% year over year to $108.8 million, net income grew by approximately 28% to $2.7 million, and Adjusted EBITDA improved by $0.4 million year over year to $3.3 million. This performance demonstrates the increasing resilience and efficiency of our business model." "On August 10, 2026, we announced the closing of a pr…Read full document

SINGAPORE, Aug. 26, 2026 /PRNewswire/ -- LightInTheBox Holding Co., Ltd. (NYSE: LITB) ("LightInTheBox" or the "Company"), a global consumer lifestyle company, today announced its unaudited financial results for the second quarter ended June 30, 2026. Second Quarter 2026 Financial Highlights Total Revenues were $56.8 million, a modest 4% decrease year over year, as the company optimized its product mix through phasing out long-tail products. Gross Profit was $37.6 million, compared with $38.8 million in the same quarter last year. Gross Margin was 66.1%, compared with 65.9% in the same quarter last year, which remained stable. Operating Expenses were $35.5 million, compared with $36.9 million in the same quarter last year. Net Income reached $1.6 million, compared with $2.0 million in the same quarter last year, marking sustained profitability amidst industry challenges. Adjusted EBITDA was $1.9 million, compared with $2.3 million in the same quarter last year. First Half 2026 Financial Highlights Total Revenues were $108.8 million, a 3% increase year over year. Gross Profit was $71.4 million, compared with $69.4 million in the same period last year. Gross Margin was 65.6% compared with 65.6% in 2025, which remained stable. Operating Expenses increased by 1% year over year to $68.2 million. Net Income reached $2.7 million, compared with $2.1 million in 2025, showcasing sustainable profitability. Adjusted EBITDA was $3.3 million, compared with $3.0 million in the same period last year. Jian He, Chairman and CEO of LightInTheBox, commented, "In the second quarter, we continued to execute with discipline amid geopolitical disruptions, higher logistics costs and foreign exchange headwinds. Revenue decreased modestly as we deliberately phased out some long-tail products, while gross margin remained stable at 66%. Through disciplined expense management, we remained profitable, generating net income of $1.6 million and Adjusted EBITDA of $1.9 million." "Our first-half results provide a clearer indication of the progress we are making. Revenue increased by 3% year over year to $108.8 million, net income grew by approximately 28% to $2.7 million, and Adjusted EBITDA improved by $0.4 million year over year to $3.3 million. This performance demonstrates the increasing resilience and efficiency of our business model." "On August 10, 2026, we announced the closing of a private placement financing that raised approximately $5.49 million in gross proceeds. The proceeds will support and accelerate the Company's strategic transformation to strengthen its competitiveness in the AI era." "While the external environment remains uncertain, we are encouraged by the progress achieved during the first half of the year. We are also pleased to have successfully completed our private placement, which supports the execution of our strategic priorities and better positions the Company for the AI era." Mr. He concluded. Share Repurchase Program On March 31, 2025, the Company's board of directors authorized a share repurchase program under which the Company may repurchase up to $0.7 million of its ordinary shares in the form of ADSs no later than June 30, 2025. The Company has since extended the share repurchase program through December 31, 2025, then further to June 30, 2026, and then to December 31, 2026, with total repurchase amount up to $3.0 million. As of August 21, 2026, the Company has repurchased 657,305 ADSs with a total aggregate value of approximately $1.5 million. CFO Transition Update The Company is pleased to announce the appointment of Ms. Wenyu Liu (Wendy) as Chief Financial Officer, effective on August 21, 2026, succeeding Mr. Suhai Ji, who resigned for personal reasons. "On behalf of the Company, I would like to extend our special thanks to Suhai for his valuable contribution over his tenure and wish him all the best in his future endeavors." said Mr. Jian He, Chairman and CEO of LightInTheBox. Wendy has served as LightInTheBox's Chief Growth Officer since August 2020. Prior to joining LightInTheBox, Wendy was a co-founder of Ezbuy, a Singapore-based leading cross-border e-commerce platform founded in 2010 and acquired by LightInTheBox in 2018. Ms. Liu concurrently leads its Singapore team as Chief Executive Officer. Ms. Liu has been working in the e-commerce sector since she was in university where she has developed a deep understanding and appreciation for the convenience and savings consumers enjoy from online shopping. Ms. Liu has spearheaded the development of technology to reduce the reliance on heavy upfront investments and improve corporate flexibility to operate anywhere and at any time. Ms. Liu holds a first-class honor degree in Electrical & Electronics Engineering with a minor in Business from the Nanyang Technological University of Singapore and a Master's Degree in Industrial & Systems Engineering from the National University of Singapore. Conference Call The Company will hold an earnings conference call to discuss the results at 8:00 a.m. Eastern Time August 26, 2026 (8:00 p.m. Hong Kong/Singapore Time on the same day). Preregistration Information Participants can register for the conference call by going to https://s1.c-conf.com/diamondpass/10056871-fngk6z.html. Upon registration, participants will receive dial-in numbers, an event passcode, and a unique access PIN. To join the conference, simply dial the number in the calendar invite you receive after preregistering, enter the event passcode followed by your unique access PIN, and you will be connected to the conference instantly. A telephone replay will be available two hours after the conclusion of the conference call through September 2, 2026. The dial-in details are: US/Canada: +1-855-883-1031Singapore: 800-101-3223Hong Kong, China: 800-930-639Replay PIN: 10056871 Additionally, a live and archived webcast of the conference call will be available on the Company's Investor Relations website at https://ir.ador.com. About LightInTheBox Holding Co., Ltd. Founded in 2007, LightInTheBox is a global direct-to-consumer (DTC) e-commerce company dedicated to delivering a joyful lifestyle to consumers worldwide. Leveraging AI-driven market insights and agile supply chain systems, it aims to capture consumer preferences and sentiment to offer differentiated products, driving consumer engagement through deep emotional resonance. LightInTheBox also adopts a brand matrix strategy by launching its own apparel brands such as Ador to further strengthen its position as a consumer lifestyle company. Additionally, LightInTheBox offers a comprehensive suite of services to e-commerce companies, including advertising, supply chain management, payment processing, order fulfillment, and shipping and delivery solutions. For more information, please visit https://ir.ador.com. Non-GAAP Financial Measure In evaluating the business, the Company considers and uses a non-GAAP measure, Adjusted EBITDA, as a supplemental measure to review and assess operating performance. The presentation of this non-GAAP financial measure is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with accounting principles generally accepted in the United States of America ("U.S. GAAP"). The Company's non-GAAP financial measure excludes share-based compensation expenses, depreciation and amortization expenses, interest income, interest expenses and income tax benefit / (expense). The Company presents this non-GAAP financial measure because it is used by management to evaluate operating performance and formulate business plans. The Company believes that the non-GAAP financial measure helps identify underlying trends in its business. The Company also believes that the non-GAAP financial measure could provide further information about the Company's results of operations and enhance the overall understanding of the Company's past performance and future prospects. The non-GAAP financial measure is not defined under U.S. GAAP and is not presented in accordance with U.S. GAAP. The non-GAAP financial measure has limitations as an analytical tool. The Company's non-GAAP financial measure does not reflect all items of income and expenses that affect the Company's operations and does not represent the residual cash flow available for discretionary expenditures. Further, the non-GAAP measure may differ from the non-GAAP information used by other companies, including peer companies, and therefore their comparability may be limited. The Company compensates for the limitations by reconciling the non-GAAP financial measure to the nearest U.S. GAAP performance measure, all of which should be considered when evaluating performance. The Company encourages you to review the Company's financial information in its entirety and not rely on a single financial measure. For more information on the non-GAAP financial measure, please see the table captioned "Unaudited Reconciliations of GAAP and Non-GAAP Results" set forth at the end of this press release. Safe Harbor Statement This press release contains forward-looking statements that involve risks and uncertainties. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "potential," "continue," "ongoing," "targets" and similar statements. Among other things, statements that are not historical facts, including statements about LightInTheBox's beliefs and expectations, the business outlook and quotations from management in this announcement, as well as LightInTheBox's strategic and operational plans, are or contain forward-looking statements. LightInTheBox may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the "SEC"), in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: LightInTheBox's goals and strategies; LightInTheBox's future business development, results of operations and financial condition; the expected growth of the global online retail market; LightInTheBox's ability to attract customers and further enhance customer experience and product offerings; LightInTheBox's ability to strengthen its supply chain efficiency and optimize its logistics network; LightInTheBox's expectations regarding demand for and market acceptance of its products; competition; fluctuations in general economic and business conditions; changes in tariffs and trade policies; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in LightInTheBox's filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and LightInTheBox does not undertake any obligation to update any forward-looking statement, except as required under applicable law. Investor Relations Contact Investor RelationsLightInTheBox Holding Co., Ltd.Email: [email protected] Serena HuangOctans Capital GroupEmail: [email protected] View original content:https://www.prnewswire.com/news-releases/lightinthebox-reports-second-quarter-2026-financial-results-302860397.html

TranscriptFY2026 Q22026-08-26

FY2026 Q2 earnings call transcript

Earnings source - 20 paragraphs
Operator

Hello, ladies and gentlemen. Thank you for standing by for LightInTheBox's second quarter 2026 earnings conference call. At this time, all participants are in listen-only mode. After management's prepared remarks, there will be a question-and-answer session. Today's conference call is being recorded. I will now turn the call over to your host, Ms. Serena Huang. Please go ahead, Serena.

Serena Huang

Thank you, operator. Hello, everyone, and welcome to LightInTheBox's second quarter 2026 earnings conference call. The company's earnings results were released via Newswire Services earlier today, and they are available on the company's IR website at ir.litb.com. On the call from LightInTheBox today are Mr. Jian He, CEO, and Ms. Wendy Liu, CFO. Mr. He will provide an overview of the company's Q2 highlights, followed by Ms. Liu, who will go over its financial results. Following our prepared remarks, we will open the call to questions. Before we proceed, please note that today's discussion may contain forward-looking statements made under the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from the company's current expectations.

Serena Huang

To understand the factors that could cause results to materially differ from those in forward-looking statements, please refer to the company's Form 20-F filed with the SEC. The company does not assume any obligation to update any forward-looking statements, except as required under applicable law. Please also note that LightInTheBox earnings press release and this conference call includes discussions of unaudited GAAP financial measures, as well as unaudited non-GAAP financial measures. Please refer to the company's earnings press release, which contains a reconciliation of the unaudited non-GAAP measures to the unaudited GAAP measures. Now, I would like to turn the call over to LightInTheBox CEO, Mr. He. Please go ahead.

Jian He

Good morning and good evening, everyone. Thank you for joining LightInTheBox second quarter 2026 earnings call. We are pleased to report excellent results for the first half and the second quarter of 2026. Our first half results provide a clear view of the progress we are working. Revenue increased 3% year-over-year to $108.8 million. Net income grew by approximately 28% to $2.7 million. Adjusted EBITDA also improved to $3.3 million. In the second quarter, revenue declined moderately as we phase out long-tail products. Despite a challenging external environment, gross margin remained resiliently at 66%. Through disciplined expense management, we remained profitable, delivering net income of $1.6 million and adjusted EBITDA of $1.9 million. Over the past several years, we have steadily reshaped LightInTheBox and laid the foundation for sustainable, profitable growth.

Jian He

From 2023 to 2024, we invested in our proprietary apparel brands and strengthening our in-house product development and production capabilities. These investments gave us greater control over product differentiation, quality, and speed to market. In 2025, we made meaningful progress in evolving the LightInTheBox online platform into a consumer lifestyle company. By developing a deeper understanding of consumer preferences and sentiment, we delivered differentiated products that forced engagement and built stronger emotional connection with consumers. This year, we are seeing another important shift. AI is rapidly becoming embedded in how people work, communicate, create, and make decisions. We believe they are transformed not only in how consumers discover, evaluate, and purchase products, but also what they value and seek in their daily lives.

Jian He

As technology becomes more deeply integrated into everyday life, we believe the desire for emotional connection, self-expression, individuality, a better quality of life, and memorable experiences will become even more important. As a lifestyle company, we are well-positioned to address these evolving needs. Our transformation from the AI era goes beyond adopting new technology tools. It requires a deeper understanding of consumer intent. Our AI strategy will focus on using technologies to anticipate evolving consumer needs and connect them more effectively with product discovery, personalization, and creation. At the same time, we will continue to evolve our product strategy around enduring human aspiration for self-expression, emotional value, and memorable experience. With that, I will now hand the call over to Wendy Liu to go through our financial results.

Wendy Liu

Thank you, Mr. He. Good morning and good evening, everyone. Before we go over our financials, please note that unless otherwise stated, all figures are presented in U.S. dollars. In the second quarter, our total revenues were $57 million, a modest 4% decrease year-over-year as we deliberately phased out long-tail products. This quarter was affected by a challenging external environment. Geopolitical disruptions increased pressure on cross-border logistics and related costs, while the weaker U.S. dollar created additional foreign exchange headwinds for our global operations. Despite these factors, gross margin remained very stable at 66.1%, compared with 65.9% a year ago, reflecting our continued efforts on higher margin lifestyle products. Total operating expenses in the second quarter decreased by 4% year-over-year to $35 million, of which fulfillment expenses decreased by 3% to $4 million.

Wendy Liu

Selling and marketing expenses decreased by 4% to $27 million, and G&A expenses decreased by 5% to $5 million. Total operating expenses as a percentage of revenue decreased from 63% to 62%. Our net income in the second quarter reached $1.6 million, compared to $2 million in the same quarter last year. This concludes my remarks. We are now open to your questions. Operator, please continue.

Operator

Thank you. If you wish to ask a question, please press star one on your telephone and wait for your name to be announced. If you wish to cancel your request, please press star two. If you are on a speakerphone, please pick up the handset to ask your question. We will now pause momentarily to allow questions to register. Thank you. Your question comes from [Cyril DuKing], a private investor. Please go ahead.

Cyril DuKing

Hi, team. Thanks for taking my call. I have questions relating to two topics, and the two topics are insider ownership and your brand matrix strategy. I will start with the first topic. I would appreciate it if you could provide an update on how many shares are in the public float and how much do insiders own of the company.

Wendy Liu

Hi, thank you for your question. Related to insiders' share percentage, you may refer to our ir.litb.com website for more details.

Cyril DuKing

Okay.

Operator

Thank you.

Wendy Liu

There's another que-

Operator

Thank you.

Wendy Liu

There's another question from [Cyril DuKing].

Cyril DuKing

Yes, I'll go ahead and ask. My second question was concerning the brand matrix strategy. At an investor conference earlier this year, the company stated that its three brands are Ador, Miss Glamour, and A. Skull. I was wondering if you could provide any details about any of the brands? You also mentioned potentially adding maybe one to two brands a year if you find the right market. I would just appreciate any thoughts about plans for new brands in this year or the next. Thank you.

Wendy Liu

Oh, thank you for your question. For these three brands, we do see good progress in terms of top line as well as bottom line, and we do see repeated purchase rates are increasing. These three brands are progressing really good. At the same time, we are preparing other brands as well to enhance the brand matrix.

Cyril DuKing

Thank you.

Operator

Thank you. There are no further phone questions at this time, and that does conclude our conference for today. Thank you for participating. You may now disconnect.

Investor releaseQuarter not tagged2026-08-21

LightInTheBox to Report Second Quarter 2026 Financial Results on Wednesday, August 26, 2026

PR Newswire
SINGAPORE, Aug. 21, 2026 /PRNewswire/ -- LightInTheBox Holding Co., Ltd. (NYSE: LITB) ("LightInTheBox" or the "Company"), a global consumer lifestyle company, today announced that it will release its unaudited financial results for the second quarter ended June 30, 2026 before the open of U.S. markets on Wednesday, August 26, 2026. LightInTheBox's management will hold an earnings conference call at 8:00 a.m. Eastern Time on August 26, 2026 (8:00 p.m. Hong Kong/Singapore time on the same day). Preregistration Information Participants can register for the conference call by going to https://s1.c-conf.com/diamondpass/10054770-hu76t5.html. Upon registration, participants will receive dial-in numbers, an event passcode, and a unique access PIN. To join the conference, simply dial the number in the calendar invite you receive after preregistering, enter the event passcode followed by your unique access PIN, and you will be connected to the conference instantly. A telephone replay will be available two hours after the conclusion of the conference call through September 2, 2026. The dial-in details are: US/Canada: +1-855-883-1031Singapore: 800-101-3223Hong Kong, China: 800-930-639Replay PIN: 10056871 Additionally, a live and archived webcast of the conference call will be available on the Company's Investor Relations website at https://ir.ador.com. About LightInTheBox Holding Co., Ltd. Founded in 2007, LightInTheBox is a global direct-to-consumer (DTC) e-commerce company dedicated to delivering a joyful lifestyle to consumers worldwide. Leveraging AI-driven market insights and agile supply chain systems, the Company aims to capture consumer preferences and sentiment to offer differentiated products and drive consumer engagement through deep emotional resonance. LightInTheBox also adopts a brand matrix strategy by launching its own apparel brands, including Ador, to further strengthen its position as a global consumer lifestyle company. Additionally, LightInTheBox offers a comprehensive suite of services to e-commerce companies, including advertising, supply chain management, payment processing, order fulfillment, and shipping and delivery solutions. For more information, please visit https://ir.ador.com. Investor Relations Contact Investor RelationsLightInTheBox Holding Co., Ltd.Email: [email protected] Serena HuangOctans Capital GroupEmail: [email protected] View origin…Read full document

SINGAPORE, Aug. 21, 2026 /PRNewswire/ -- LightInTheBox Holding Co., Ltd. (NYSE: LITB) ("LightInTheBox" or the "Company"), a global consumer lifestyle company, today announced that it will release its unaudited financial results for the second quarter ended June 30, 2026 before the open of U.S. markets on Wednesday, August 26, 2026. LightInTheBox's management will hold an earnings conference call at 8:00 a.m. Eastern Time on August 26, 2026 (8:00 p.m. Hong Kong/Singapore time on the same day). Preregistration Information Participants can register for the conference call by going to https://s1.c-conf.com/diamondpass/10054770-hu76t5.html. Upon registration, participants will receive dial-in numbers, an event passcode, and a unique access PIN. To join the conference, simply dial the number in the calendar invite you receive after preregistering, enter the event passcode followed by your unique access PIN, and you will be connected to the conference instantly. A telephone replay will be available two hours after the conclusion of the conference call through September 2, 2026. The dial-in details are: US/Canada: +1-855-883-1031Singapore: 800-101-3223Hong Kong, China: 800-930-639Replay PIN: 10056871 Additionally, a live and archived webcast of the conference call will be available on the Company's Investor Relations website at https://ir.ador.com. About LightInTheBox Holding Co., Ltd. Founded in 2007, LightInTheBox is a global direct-to-consumer (DTC) e-commerce company dedicated to delivering a joyful lifestyle to consumers worldwide. Leveraging AI-driven market insights and agile supply chain systems, the Company aims to capture consumer preferences and sentiment to offer differentiated products and drive consumer engagement through deep emotional resonance. LightInTheBox also adopts a brand matrix strategy by launching its own apparel brands, including Ador, to further strengthen its position as a global consumer lifestyle company. Additionally, LightInTheBox offers a comprehensive suite of services to e-commerce companies, including advertising, supply chain management, payment processing, order fulfillment, and shipping and delivery solutions. For more information, please visit https://ir.ador.com. Investor Relations Contact Investor RelationsLightInTheBox Holding Co., Ltd.Email: [email protected] Serena HuangOctans Capital GroupEmail: [email protected] View original content:https://www.prnewswire.com/news-releases/lightinthebox-to-report-second-quarter-2026-financial-results-on-wednesday-august-26-2026-302857231.html

Investor releaseQuarter not tagged2026-05-13

LightInTheBox Holding Co Ltd (LITB) Q1 2026 Earnings Call Highlights: Record Profit and Robust ...

GuruFocus.com
This article first appeared on GuruFocus. Revenue: $52 million, up 11% year-over-year. Gross Profit: $34 million, up 10% year-over-year. Gross Margin: Stable at 65%. Operating Expenses: Increased 7% year-over-year to $33 million. Fulfillment Expenses: Increased by 5% to $4 million. Selling and Marketing Expenses: Increased by 13% to $25 million. General and Administrative Expenses: Decreased by 15% to $4 million. Operating Expenses as a Percentage of Revenue: Decreased from 65% to 63%. Net Income: $1.2 million, compared to $0.1 million in the same quarter last year. Branded Apparel Revenue: Grew over 81% year-over-year, accounting for 24% of total revenue. Warning! GuruFocus has detected 2 Warning Signs with LITB. Is LITB fairly valued? Test your thesis with our free DCF calculator. Release Date: May 12, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. LightInTheBox Holding Co Ltd (NYSE:LITB) achieved its eighth consecutive profitable quarter with a record first-quarter profit of $1.2 million. The company reported a second consecutive quarter of year-over-year revenue growth, with revenues increasing by 11% to $52 million. Branded apparel business grew over 81% year-over-year, now accounting for 24% of total revenue, up from 15% in the first quarter of 2025. Gross profit increased by 10% year-over-year to $34 million, with a stable gross margin of 65%. Total operating expenses as a percentage of revenue decreased from 65% to 63%, indicating improved cost efficiency. Q1 is typically the weakest period for LightInTheBox Holding Co Ltd (NYSE:LITB) due to business seasonality. Selling and marketing expenses increased by 13% to $25 million, which could impact future profitability if not managed. Fulfillment expenses rose by 5% to $4 million, reflecting increased costs associated with revenue growth. Despite revenue growth, total operating expenses increased by 7% year-over-year to $33 million. The company did not provide specific guidance for future quarters, leaving uncertainty about sustained growth. Q: Can you provide an overview of LightInTheBox's financial performance in Q1 2026? A: He Jian, CEO, reported that LightInTheBox achieved its eighth consecutive profitable quarter with a record first-quarter profit of $1.2 million, compared to $0.1 million in the same quarter last year. Revenue grew by 11% ye…Read full document

This article first appeared on GuruFocus. Revenue: $52 million, up 11% year-over-year. Gross Profit: $34 million, up 10% year-over-year. Gross Margin: Stable at 65%. Operating Expenses: Increased 7% year-over-year to $33 million. Fulfillment Expenses: Increased by 5% to $4 million. Selling and Marketing Expenses: Increased by 13% to $25 million. General and Administrative Expenses: Decreased by 15% to $4 million. Operating Expenses as a Percentage of Revenue: Decreased from 65% to 63%. Net Income: $1.2 million, compared to $0.1 million in the same quarter last year. Branded Apparel Revenue: Grew over 81% year-over-year, accounting for 24% of total revenue. Warning! GuruFocus has detected 2 Warning Signs with LITB. Is LITB fairly valued? Test your thesis with our free DCF calculator. Release Date: May 12, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. LightInTheBox Holding Co Ltd (NYSE:LITB) achieved its eighth consecutive profitable quarter with a record first-quarter profit of $1.2 million. The company reported a second consecutive quarter of year-over-year revenue growth, with revenues increasing by 11% to $52 million. Branded apparel business grew over 81% year-over-year, now accounting for 24% of total revenue, up from 15% in the first quarter of 2025. Gross profit increased by 10% year-over-year to $34 million, with a stable gross margin of 65%. Total operating expenses as a percentage of revenue decreased from 65% to 63%, indicating improved cost efficiency. Q1 is typically the weakest period for LightInTheBox Holding Co Ltd (NYSE:LITB) due to business seasonality. Selling and marketing expenses increased by 13% to $25 million, which could impact future profitability if not managed. Fulfillment expenses rose by 5% to $4 million, reflecting increased costs associated with revenue growth. Despite revenue growth, total operating expenses increased by 7% year-over-year to $33 million. The company did not provide specific guidance for future quarters, leaving uncertainty about sustained growth. Q: Can you provide an overview of LightInTheBox's financial performance in Q1 2026? A: He Jian, CEO, reported that LightInTheBox achieved its eighth consecutive profitable quarter with a record first-quarter profit of $1.2 million, compared to $0.1 million in the same quarter last year. Revenue grew by 11% year-over-year to $52 million, marking the second consecutive quarter of revenue growth. The branded apparel business saw significant growth, increasing by 81% year-over-year and accounting for 24% of total revenue. Q: What were the key factors contributing to the revenue growth in Q1 2026? A: He Jian, CEO, attributed the revenue growth to the successful execution of the company's strategy to evolve into a consumer lifestyle company. This includes offering highly customized products for festivals and special occasions, and implementing a brand matrix strategy across women's fashion, golf apparel, and light party jerseys, which has driven stronger customer engagement and loyalty. Q: How did LightInTheBox manage its operating expenses in Q1 2026? A: Suhai Ji, CFO, stated that total operating expenses increased by 7% year-over-year to $33 million. Fulfillment expenses rose by 5% to $4 million, while selling and marketing expenses increased by 13% to $25 million. However, general and administrative expenses decreased by 15% to $4 million. Overall, operating expenses as a percentage of revenue decreased from 65% to 63%. Q: What is the outlook for LightInTheBox for the rest of 2026? A: He Jian, CEO, expressed confidence in continued revenue and profit growth throughout 2026, supported by sustained profitability, disciplined cost control, and an ongoing share repurchase program. The company is well-positioned to enhance shareholder value. Q: How did LightInTheBox's gross profit and margin perform in Q1 2026? A: Suhai Ji, CFO, reported that the gross profit for Q1 2026 was $34 million, up 10% year-over-year. The gross margin remained relatively stable at 65%, reflecting the company's effective cost management and revenue growth strategies. For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Investor releaseQuarter not tagged2026-05-12

LightInTheBox Reports First Quarter 2026 Financial Results

PR Newswire
Revenues Return to Double-Digit Growth Record First-Quarter Profit of $1.2 Million Eighth Consecutive Profitable Quarter SINGAPORE, May 12, 2026 /PRNewswire/ -- LightInTheBox Holding Co., Ltd. (NYSE: LITB) ("LightInTheBox" or the "Company"), a global consumer lifestyle company, today announced its unaudited financial results for the first quarter ended March 31, 2026. First Quarter 2026 Financial Highlights Total Revenues were $52.0 million, an 11% increase year over year, making a clear turnaround and sustained recovery from the consecutive declines throughout the first three quarters of 2025. Gross Profit was $33.8 million, compared with $30.6 million in the same quarter last year. Gross Margin was 65.0%, compared with 65.2% in the same quarter last year, which remained stable. Operating Expenses were $32.7 million, compared with $30.5 million in the same quarter last year. Fulfillment Expenses increased by 5% year over year to $4.1 million. Selling and Marketing Expenses increased by 12% year over year to $24.6 million. General and Administrative Expenses decreased by 15% year over year to $4.2 million, of which Research and Development expenses were $2.3 million. Net Income reached $1.2 million, compared with $0.1 million in the same quarter last year, marking sustained profitability amidst industry challenges. Adjusted EBITDA was $1.5 million, compared with $0.6 million in the same quarter last year. "We are very pleased to report our eighth consecutive profitable quarter and a record first-quarter profit of $1.2 million since 2022, despite Q1 typically being our seasonally weakest period," commented Jian He, CEO of LightInTheBox. "This marks our second consecutive quarter of year-over-year revenue growth, with revenues increased by 11% to $52 million. Our branded apparel business continued to gain momentum, growing over 81% year over year and accounting for 24% of total revenue, up from 15% in the first quarter of 2025." "These results reflect the continued progress of our transformation into a global consumer lifestyle company. By offering highly customized products that create deep emotional resonance for festivals, holidays, and special occasions, combined with our brand matrix strategy across women's fashion, golf apparel, and light party dresses, we are driving stronger engagement and customer loyalty. With sustained profitability, disciplined cos…Read full document

Revenues Return to Double-Digit Growth Record First-Quarter Profit of $1.2 Million Eighth Consecutive Profitable Quarter SINGAPORE, May 12, 2026 /PRNewswire/ -- LightInTheBox Holding Co., Ltd. (NYSE: LITB) ("LightInTheBox" or the "Company"), a global consumer lifestyle company, today announced its unaudited financial results for the first quarter ended March 31, 2026. First Quarter 2026 Financial Highlights Total Revenues were $52.0 million, an 11% increase year over year, making a clear turnaround and sustained recovery from the consecutive declines throughout the first three quarters of 2025. Gross Profit was $33.8 million, compared with $30.6 million in the same quarter last year. Gross Margin was 65.0%, compared with 65.2% in the same quarter last year, which remained stable. Operating Expenses were $32.7 million, compared with $30.5 million in the same quarter last year. Fulfillment Expenses increased by 5% year over year to $4.1 million. Selling and Marketing Expenses increased by 12% year over year to $24.6 million. General and Administrative Expenses decreased by 15% year over year to $4.2 million, of which Research and Development expenses were $2.3 million. Net Income reached $1.2 million, compared with $0.1 million in the same quarter last year, marking sustained profitability amidst industry challenges. Adjusted EBITDA was $1.5 million, compared with $0.6 million in the same quarter last year. "We are very pleased to report our eighth consecutive profitable quarter and a record first-quarter profit of $1.2 million since 2022, despite Q1 typically being our seasonally weakest period," commented Jian He, CEO of LightInTheBox. "This marks our second consecutive quarter of year-over-year revenue growth, with revenues increased by 11% to $52 million. Our branded apparel business continued to gain momentum, growing over 81% year over year and accounting for 24% of total revenue, up from 15% in the first quarter of 2025." "These results reflect the continued progress of our transformation into a global consumer lifestyle company. By offering highly customized products that create deep emotional resonance for festivals, holidays, and special occasions, combined with our brand matrix strategy across women's fashion, golf apparel, and light party dresses, we are driving stronger engagement and customer loyalty. With sustained profitability, disciplined cost control, and an ongoing share repurchase program, we believe we are well positioned to pursue continued revenue and profit growth, as well as greater shareholder value throughout 2026." Mr. He concluded. Share Repurchase Program On March 31, 2025, the Company's board of directors authorized a share repurchase program under which the Company may repurchase up to $0.7 million of its ordinary shares in the form of ADSs no later than June 30, 2025. The Company has since extended the share repurchase program through December 31, 2025, then further to June 30, 2026, with total repurchase amount up to $3.0 million. As of May 8, 2026, the Company has repurchased 565,217 ADSs with a total aggregate value of approximately $1.3 million. Conference Call The Company will hold an earnings conference call to discuss the results at 8:00 a.m. Eastern Time May 12, 2026 (8:00 p.m. Hong Kong/Singapore Time on the same day). Preregistration Information Participants can register for the conference call by going to https://s1.c-conf.com/diamondpass/10054770-hu76t5.html. Upon registration, participants will receive dial-in numbers, an event passcode, and a unique access PIN. To join the conference, simply dial the number in the calendar invite you receive after preregistering, enter the event passcode followed by your unique access PIN, and you will be connected to the conference instantly. A telephone replay will be available two hours after the conclusion of the conference call through May 16, 2026. The dial-in details are: US/Canada: +1-855-883-1031 Singapore: 800-101-3223 Hong Kong, China: 800-930-639 Replay PIN: 10053714 Additionally, a live and archived webcast of the conference call will be available on the Company's Investor Relations website at https://ir.ador.com. About LightInTheBox Holding Co., Ltd. Founded in 2007, LightInTheBox is a global direct-to-consumer (DTC) e-commerce company dedicated to delivering a joyful lifestyle to consumers worldwide. Leveraging AI-driven market insights and agile supply chain systems, it aims to capture consumer preferences and sentiment to offer differentiated products, driving consumer engagement through deep emotional resonance. LightInTheBox also adopts a brand matrix strategy by launching its own apparel brands such as Ador to further strengthen its position as a consumer lifestyle company. Additionally, LightInTheBox offers a comprehensive suite of services to e-commerce companies, including advertising, supply chain management, payment processing, order fulfillment, and shipping and delivery solutions. For more information, please visit https://ir.ador.com. Non-GAAP Financial Measure In evaluating the business, the Company considers and uses a non-GAAP measure, Adjusted EBITDA, as a supplemental measure to review and assess operating performance. The presentation of this non-GAAP financial measure is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with accounting principles generally accepted in the United States of America ("U.S. GAAP"). The Company's non-GAAP financial measure excludes share-based compensation expenses, depreciation and amortization expenses, interest income, interest expenses and income tax benefit / (expense). The Company presents this non-GAAP financial measure because it is used by management to evaluate operating performance and formulate business plans. The Company believes that the non-GAAP financial measure helps identify underlying trends in its business. The Company also believes that the non-GAAP financial measure could provide further information about the Company's results of operations and enhance the overall understanding of the Company's past performance and future prospects. The non-GAAP financial measure is not defined under U.S. GAAP and is not presented in accordance with U.S. GAAP. The non-GAAP financial measure has limitations as an analytical tool. The Company's non-GAAP financial measure does not reflect all items of income and expenses that affect the Company's operations and does not represent the residual cash flow available for discretionary expenditures. Further, the non-GAAP measure may differ from the non-GAAP information used by other companies, including peer companies, and therefore their comparability may be limited. The Company compensates for the limitations by reconciling the non-GAAP financial measure to the nearest U.S. GAAP performance measure, all of which should be considered when evaluating performance. The Company encourages you to review the Company's financial information in its entirety and not rely on a single financial measure. For more information on the non-GAAP financial measure, please see the table captioned "Unaudited Reconciliations of GAAP and Non-GAAP Results" set forth at the end of this press release. Safe Harbor Statement This press release contains forward-looking statements that involve risks and uncertainties. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "potential," "continue," "ongoing," "targets" and similar statements. Among other things, statements that are not historical facts, including statements about LightInTheBox's beliefs and expectations, the business outlook and quotations from management in this announcement, as well as LightInTheBox's strategic and operational plans, are or contain forward-looking statements. LightInTheBox may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the "SEC"), in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: LightInTheBox's goals and strategies; LightInTheBox's future business development, results of operations and financial condition; the expected growth of the global online retail market; LightInTheBox's ability to attract customers and further enhance customer experience and product offerings; LightInTheBox's ability to strengthen its supply chain efficiency and optimize its logistics network; LightInTheBox's expectations regarding demand for and market acceptance of its products; competition; fluctuations in general economic and business conditions; changes in tariffs and trade policies; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in LightInTheBox's filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and LightInTheBox does not undertake any obligation to update any forward-looking statement, except as required under applicable law. Investor Relations Contact Investor Relations LightInTheBox Holding Co., Ltd. Email: [email protected] Serena Huang Octans Capital Group Email: [email protected] View original content:https://www.prnewswire.com/news-releases/lightinthebox-reports-first-quarter-2026-financial-results-302769288.html

TranscriptFY2026 Q12026-05-12

FY2026 Q1 earnings call transcript

Earnings source - 9 paragraphs
Operator

Hello, ladies and gentlemen. Thank you for standing by for LightInTheBox's first quarter 2026 earnings conference call. At this time, all participants are in a listen-only mode. After management's prepared remarks, there will be a question-and-answer session. Today's conference call is being recorded. I will now turn the call over to your host, Ms. Serena Huang. Please go ahead, Serena.

Serena Huang

Thank you, operator. Hello, everyone, and Welcome to LightInTheBox First Quarter 2026 Earnings Conference Call. The company's earnings results were released via news file services earlier today and are available on the company's IR website at ir.ador.com. On the call from LightInTheBox today are Mr. Jian He, CEO, and Mr. Suhai Ji, CFO. Mr. He will provide an overview of the company's Q1 highlights, followed by Mr. Ji, who will go over its financial results. Following our prepared remarks, we will open a call to questions. Before we proceed, please note that today's discussion may contain forward-looking statements made under the Safe Harbor Provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from the company's current expectations.

Serena Huang

To understand the factors that could cause results to materially differ from those in forward-looking statements, please refer to the company's Form 20-F filed with the SEC. The company does not assume any obligation to update any forward-looking statements except as required under applicable law. Please also note that LightInTheBox earnings press release and this conference call include discussions of unaudited GAAP financial measures as well as unaudited non-GAAP financial measures. Please refer to the company's earnings press release, which contains a reconciliation of the unaudited non-GAAP measures to the unaudited GAAP measures. Now, I'd like to turn the call over to LightInTheBox CEO, Mr. He. Please go ahead.

Jian He

Good morning and good evening, everyone. Thank you for joining LightInTheBox first quarter 2026 earnings call. We are pleased to report an exciting first quarter results. Continuing the turnaround from last year, we achieved our eighth consecutive profitable quarter and a record first quarter profit of $1.2 million since 2022. This compared with just the profit of $0.1 million in the first quarter of last year. Please note that Q1 is typically our weakest period due to the seasonality of our business. Q2 picks up significantly as the season goes into spring and the summer. Q3 may come down a little and the Q4 picks up again to get ahead of Christmas.

Jian He

We are also proud of the fact that Q1 marked our second consecutive quarter of year-over-year revenue growth, with revenues returning to double-digit growth, increasing by 11% to $52 million. Our branded apparel business continued to gain strong momentum, growing over 81% year-over-year and already accounting for 24% of total revenue, up from 15% in the first quarter of 2025. This result reflects the continued successful execution of our strategy of evolving the LightInTheBox online platform into a consumer lifestyle company. By offering highly customized products that create deep emotional resonance for festivals, holidays, and special occasions, combined with our brand matrix strategy across women's fashion, golf apparel, and light party jerseys. We are driving stronger engagement in the customer loyalty. In summary, we had a very good head start for 2026. We sustained profitability.

Jian He

This claimed cost control and our ongoing share repurchase program. We believe we are well positioned to pursue continued revenue and profit growth as well as greater shareholder value through the rest of 2026. With that, I will now hand the call over to Suhai to go through our financial results.

Suhai Ji

Thank you, Mr. He. Good morning and good evening, everyone. Before we go over our financials, please note that unless otherwise stated, all figures are presented in US dollars. As our CEO mentioned in his remarks, we delivered excellent first quarter results in 2026. In the first quarter, our total revenues were $52 million, up 11% year-over-year. Compared to the year-over-year decrease in the first 3 quarters of last year, this marked our second consecutive top-line growth. We have successfully engineered a sustained business turnaround, not only on profit, but also on revenues. The first quarter gross profit was $34 million, up 10% year-over-year. Gross margin remained relatively stable at 65%. Total operating expenses in the first quarter increased 7% year-over-year to $33 million, of which fulfillment expenses increased by 5% to $4 million, reflecting the growth in top-line revenues Selling and marketing expenses increased by 13% to $25 million, while general and administrative expenses decreased by 15% to $4 million. Total operating expenses as a percentage of revenue decreased from 65% to 63%. Our net income in the first quarter reached $1.2 million, compared to just $0.1 million in the same quarter last year, marking a record first quarter profit since 2022. Overall, we had a remarkable turnaround year in 2025 and are continuing the progress and momentum going into 2026, as reflected in our Q1 results. We remain confident that 2026 will be another successful record-setting year. This concludes my remarks, and we're now open to your questions. Operator, please continue.

Operator

Thank you. If you wish to ask a question, please press star one on your telephone and wait for your name to be announced. If you wish to cancel your request, please press star two. If you're on a speakerphone, please pick up the headset to ask your question. Once again, please press star one on your telephone if you wish to ask a question. We'll now pause a moment to allow for any questions to register. There are no questions at this time. I'll now head back to [Ms.] Huang for closing remarks.

Serena Huang

Thank you once again for joining us today. If you have further questions, please feel free to contact LightInTheBox investor relations through the contact information provided on our website. Have a great day.

Investor releaseQuarter not tagged2026-05-06

LightInTheBox to Report First Quarter 2026 Financial Results on Tuesday, May 12, 2026

PR Newswire
SINGAPORE, May 6, 2026 /PRNewswire/ -- LightInTheBox Holding Co., Ltd. (NYSE: LITB) ("LightInTheBox" or the "Company"), a global consumer lifestyle company, today announced that it will release its unaudited financial results for the first quarter ended March 31, 2026 before the open of U.S. markets on Tuesday, May 12, 2026. LightInTheBox's management will hold an earnings conference call at 8:00 a.m. Eastern Time on May 12, 2026 (8:00 p.m. Hong Kong/Singapore time on the same day). Preregistration Information Participants can register for the conference call by going to https://s1.c-conf.com/diamondpass/10054770-hu76t5.html. Upon registration, participants will receive dial-in numbers, an event passcode, and a unique access PIN. To join the conference, simply dial the number in the calendar invite you receive after preregistering, enter the event passcode followed by your unique access PIN, and you will be connected to the conference instantly. A telephone replay will be available two hours after the conclusion of the conference call through May 16, 2026. The dial-in details are: US/Canada: +1-855-883-1031 Singapore: 800-101-3223 Hong Kong, China: 800-930-639 Replay PIN: 10053714 Additionally, a live and archived webcast of the conference call will be available on the Company's Investor Relations website at https://ir.ador.com. About LightInTheBox Holding Co., Ltd. Founded in 2007, LightInTheBox is a global direct-to-consumer (DTC) e-commerce company dedicated to delivering a joyful lifestyle to consumers worldwide. Leveraging AI-driven market insights and agile supply chain systems, it aims to capture consumer preferences and sentiment to offer differentiated products, driving consumer engagement through deep emotional resonance. LightInTheBox also adopts a brand matrix strategy by launching its own apparel brands such as Ador to further strengthen its position as a consumer lifestyle company. Additionally, LightInTheBox offers a comprehensive suite of services to e-commerce companies, including advertising, supply chain management, payment processing, order fulfillment, and shipping and delivery solutions. For more information, please visit https://ir.ador.com. Investor Relations Contact Investor Relations LightInTheBox Holding Co., Ltd. Email: [email protected] Serena Huang Octans Capital Group Email: [email protected] View original content:https://www.prnews…Read full document

SINGAPORE, May 6, 2026 /PRNewswire/ -- LightInTheBox Holding Co., Ltd. (NYSE: LITB) ("LightInTheBox" or the "Company"), a global consumer lifestyle company, today announced that it will release its unaudited financial results for the first quarter ended March 31, 2026 before the open of U.S. markets on Tuesday, May 12, 2026. LightInTheBox's management will hold an earnings conference call at 8:00 a.m. Eastern Time on May 12, 2026 (8:00 p.m. Hong Kong/Singapore time on the same day). Preregistration Information Participants can register for the conference call by going to https://s1.c-conf.com/diamondpass/10054770-hu76t5.html. Upon registration, participants will receive dial-in numbers, an event passcode, and a unique access PIN. To join the conference, simply dial the number in the calendar invite you receive after preregistering, enter the event passcode followed by your unique access PIN, and you will be connected to the conference instantly. A telephone replay will be available two hours after the conclusion of the conference call through May 16, 2026. The dial-in details are: US/Canada: +1-855-883-1031 Singapore: 800-101-3223 Hong Kong, China: 800-930-639 Replay PIN: 10053714 Additionally, a live and archived webcast of the conference call will be available on the Company's Investor Relations website at https://ir.ador.com. About LightInTheBox Holding Co., Ltd. Founded in 2007, LightInTheBox is a global direct-to-consumer (DTC) e-commerce company dedicated to delivering a joyful lifestyle to consumers worldwide. Leveraging AI-driven market insights and agile supply chain systems, it aims to capture consumer preferences and sentiment to offer differentiated products, driving consumer engagement through deep emotional resonance. LightInTheBox also adopts a brand matrix strategy by launching its own apparel brands such as Ador to further strengthen its position as a consumer lifestyle company. Additionally, LightInTheBox offers a comprehensive suite of services to e-commerce companies, including advertising, supply chain management, payment processing, order fulfillment, and shipping and delivery solutions. For more information, please visit https://ir.ador.com. Investor Relations Contact Investor Relations LightInTheBox Holding Co., Ltd. Email: [email protected] Serena Huang Octans Capital Group Email: [email protected] View original content:https://www.prnewswire.com/news-releases/lightinthebox-to-report-first-quarter-2026-financial-results-on-tuesday-may-12-2026-302763978.html

Investor releaseQuarter not tagged2026-03-25

LightInTheBox Holding Co Ltd (LITB) Q4 2025 Earnings Call Highlights: Record Profitability Amid ...

GuruFocus.com
This article first appeared on GuruFocus. Q4 Revenue: $63 million, up 9% year over year. Q4 Gross Profit: $39 million, up 16% year over year. Q4 Gross Margin: Improved to 63% from 59% year over year. Q4 Net Income: $3.3 million, compared to $0.5 million in the same quarter last year. Full-Year 2025 Revenue: $224 million, decreased 12% year over year. Full-Year 2025 Gross Profit: $146 million, down 5% year over year. Full-Year 2025 Gross Margin: Increased to 65% from 60% year over year. Full-Year 2025 Net Income: $8.3 million, compared with a loss of $2.5 million in 2024. Operating Cash Flow 2025: Positive $6.2 million. Branded Apparel Business Growth: Grew over 143%, accounting for 17% of total revenue, up from 6% in 2024. Q4 Operating Expenses: Increased 8% year over year to $36 million. Full-Year 2025 Operating Expenses: Decreased 11% year over year to $138 million. Warning! GuruFocus has detected 5 Warning Signs with LITB. Is LITB fairly valued? Test your thesis with our free DCF calculator. Release Date: March 24, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. LightInTheBox Holding Co Ltd (NYSE:LITB) reported consecutive profitable quarters in 2025, with a record net income of $3.3 million for Q4 and $8.3 million for the full year. The company achieved a gross margin of 65% in 2025, the highest since becoming a public company in 2013, driven by higher-margin proprietary product lines. LITB's branded apparel business grew over 143% in 2025, accounting for 17% of total revenue, up from 6% in 2024. The company successfully implemented AI to enhance operational efficiency, contributing to a workforce optimization of 58% since 2023. LITB generated a positive operating cash flow of $6.2 million in 2025, indicating strong financial health and operational efficiency. Total revenues for the full year 2025 decreased by 12% year over year to $224 million, despite a positive turnaround in Q4. Operating expenses in Q4 increased by 8% year over year to $36 million, with selling and marketing expenses rising by 15%. Despite the profitability turnaround, the company faced a challenging e-commerce environment, impacting overall revenue growth. The company's focus on profitability led to a decline in total revenues for the first three quarters of 2025. Insiders and directors hold roughly 70% of the shares, leaving…Read full document

This article first appeared on GuruFocus. Q4 Revenue: $63 million, up 9% year over year. Q4 Gross Profit: $39 million, up 16% year over year. Q4 Gross Margin: Improved to 63% from 59% year over year. Q4 Net Income: $3.3 million, compared to $0.5 million in the same quarter last year. Full-Year 2025 Revenue: $224 million, decreased 12% year over year. Full-Year 2025 Gross Profit: $146 million, down 5% year over year. Full-Year 2025 Gross Margin: Increased to 65% from 60% year over year. Full-Year 2025 Net Income: $8.3 million, compared with a loss of $2.5 million in 2024. Operating Cash Flow 2025: Positive $6.2 million. Branded Apparel Business Growth: Grew over 143%, accounting for 17% of total revenue, up from 6% in 2024. Q4 Operating Expenses: Increased 8% year over year to $36 million. Full-Year 2025 Operating Expenses: Decreased 11% year over year to $138 million. Warning! GuruFocus has detected 5 Warning Signs with LITB. Is LITB fairly valued? Test your thesis with our free DCF calculator. Release Date: March 24, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. LightInTheBox Holding Co Ltd (NYSE:LITB) reported consecutive profitable quarters in 2025, with a record net income of $3.3 million for Q4 and $8.3 million for the full year. The company achieved a gross margin of 65% in 2025, the highest since becoming a public company in 2013, driven by higher-margin proprietary product lines. LITB's branded apparel business grew over 143% in 2025, accounting for 17% of total revenue, up from 6% in 2024. The company successfully implemented AI to enhance operational efficiency, contributing to a workforce optimization of 58% since 2023. LITB generated a positive operating cash flow of $6.2 million in 2025, indicating strong financial health and operational efficiency. Total revenues for the full year 2025 decreased by 12% year over year to $224 million, despite a positive turnaround in Q4. Operating expenses in Q4 increased by 8% year over year to $36 million, with selling and marketing expenses rising by 15%. Despite the profitability turnaround, the company faced a challenging e-commerce environment, impacting overall revenue growth. The company's focus on profitability led to a decline in total revenues for the first three quarters of 2025. Insiders and directors hold roughly 70% of the shares, leaving only 30% in public float, which may limit liquidity and market participation. Q: Do you expect the next year to be a growth year? A: Yes, we remain confident that we will deliver another year of growth, not only in profit but also in revenues. We have not officially given the guidance yet, but we will provide that in the first quarter. - Suhai Ji, Chief Financial Officer Q: Can you describe your shareholder base? What percentage do insiders hold, and are there any other large investors? A: Insiders and directors together hold roughly 70% of the shares, leaving about 30% in the public float. The total share base is approximately 18 million ADS, with each ADS representing about 12 common shares. - Suhai Ji, Chief Financial Officer For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Investor releaseQuarter not tagged2026-03-24

LightInTheBox Reports Fourth Quarter and Full Year 2025 Financial Results

PR Newswire
Record Full year Profit of $8.3 million Record Quarterly Profit of $3.3 Million Delivers Seventh Consecutive Profitable Quarter Regains Quarterly Revenue Growth SINGAPORE, March 24, 2026 /PRNewswire/ -- LightInTheBox Holding Co., Ltd. (NYSE: LITB) ("LightInTheBox" or the "Company"), a global consumer lifestyle company, today announced its unaudited financial results for the fourth quarter and full year ended December 31, 2025. Fourth Quarter 2025 Financial Highlights Total Revenues were $63.0 million, a 9% increase year over year, compared to a 34% decline in the first quarter of 2025, a 15% decrease in the second quarter of 2025 and a 3% decrease in the third quarter of 2025, marking renewed top-line growth. Gross Profit was $39.3 million, compared with $33.9 million in the same quarter last year. Gross Margin improved to 62.5% from 58.7% in the same quarter last year, driven by higher-margin proprietary product lines and bespoke offerings like print-on-demand apparel. Operating Expenses were $36.0 million, compared with $33.3 million in the same quarter last year. Fulfillment Expenses increased by 7% year over year to $4.3 million. Selling and Marketing Expenses increased by 15% year over year to $26.6 million. General and Administrative Expenses decreased by 15% year over year to $5.3 million, of which Research and Development expenses were $2.5 million. Net Income reached $3.3 million, compared with $0.5 million in the same quarter last year, marking record quarterly profit since 2022 and sustained profitability amidst industry challenges. Adjusted EBITDA was $3.7 million, compared with $1.0 million in the same quarter last year. Full Year 2025 Financial Highlights Total Revenues were $224.3 million, a 12% decrease year over year, primarily due to the Company's pivot to focus on profitability in a highly competitive e-commerce environment, with declines moderating significantly from the first quarter of 2025 to the third quarter of 2025, and the fourth quarter regaining positive growth. Gross Profit was $145.9 million, compared with $153.5 million in 2024. Gross Margin improved to 65.0% from 60.1% in 2024, the highest level since becoming a public company in 2013, driven by the successful introduction of higher-margin proprietary product lines. Operating Expenses decreased by 11% year over year to $137.9 million, mainly attributable to reduced revenue an…Read full document

Record Full year Profit of $8.3 million Record Quarterly Profit of $3.3 Million Delivers Seventh Consecutive Profitable Quarter Regains Quarterly Revenue Growth SINGAPORE, March 24, 2026 /PRNewswire/ -- LightInTheBox Holding Co., Ltd. (NYSE: LITB) ("LightInTheBox" or the "Company"), a global consumer lifestyle company, today announced its unaudited financial results for the fourth quarter and full year ended December 31, 2025. Fourth Quarter 2025 Financial Highlights Total Revenues were $63.0 million, a 9% increase year over year, compared to a 34% decline in the first quarter of 2025, a 15% decrease in the second quarter of 2025 and a 3% decrease in the third quarter of 2025, marking renewed top-line growth. Gross Profit was $39.3 million, compared with $33.9 million in the same quarter last year. Gross Margin improved to 62.5% from 58.7% in the same quarter last year, driven by higher-margin proprietary product lines and bespoke offerings like print-on-demand apparel. Operating Expenses were $36.0 million, compared with $33.3 million in the same quarter last year. Fulfillment Expenses increased by 7% year over year to $4.3 million. Selling and Marketing Expenses increased by 15% year over year to $26.6 million. General and Administrative Expenses decreased by 15% year over year to $5.3 million, of which Research and Development expenses were $2.5 million. Net Income reached $3.3 million, compared with $0.5 million in the same quarter last year, marking record quarterly profit since 2022 and sustained profitability amidst industry challenges. Adjusted EBITDA was $3.7 million, compared with $1.0 million in the same quarter last year. Full Year 2025 Financial Highlights Total Revenues were $224.3 million, a 12% decrease year over year, primarily due to the Company's pivot to focus on profitability in a highly competitive e-commerce environment, with declines moderating significantly from the first quarter of 2025 to the third quarter of 2025, and the fourth quarter regaining positive growth. Gross Profit was $145.9 million, compared with $153.5 million in 2024. Gross Margin improved to 65.0% from 60.1% in 2024, the highest level since becoming a public company in 2013, driven by the successful introduction of higher-margin proprietary product lines. Operating Expenses decreased by 11% year over year to $137.9 million, mainly attributable to reduced revenue and enhanced cost management. Fulfillment Expenses decreased by 12% year over year to $16.6 million. Selling and Marketing Expenses decreased by 8% year over year to $102.5 million. General and Administrative Expenses decreased by 24% year over year to $19.6 million, of which Research and Development expenses were $10.3 million. Net Income reached $8.3 million, a record level since 2022, compared with a loss of $2.5 million in 2024, showcasing remarkable profitability turnaround. Adjusted EBITDA was $9.9 million, compared with a loss of $0.1 million in 2024. "We are very pleased to report excellent results for the fourth quarter and full year 2025, which marked our successful transformation into a global consumer lifestyle company," commented Jian He, CEO of LightInTheBox. "We have engineered a remarkable business turnaround by achieving seven consecutive profitable quarters, with the latest quarterly revenue regaining positive year-over-year growth and profit reaching a record high. Our strategy of evolving the LightInTheBox online platform into a consumer lifestyle company is clearly working. By capturing consumer preferences and sentiment, we offer differentiated products that drive consumer engagement through deep emotional resonance". "The LightInTheBox online platform focuses on festivals, holidays, and special occasions, offering highly customized, non-standard products that address consumers' sentimental and lifestyle requirements rather than purely functional needs, thus allowing us to command premium pricing. To further complement and strengthen our positioning as a consumer lifestyle company, we adopted a brand matrix strategy by launching three proprietary apparel brands successively since 2024 in women's fashion, golf apparel and light party dress. These brands build around the social attributes of women aged 30 and above, delivering emotional value and a more relaxed, enjoyable lifestyle experience across scenarios such as vacations, social golf, and parties". "Together, the LightInTheBox online business and the new brands create powerful synergies, tugging on heartstrings and forging emotional connections with our core customers. Such two-pronged unified approach towards consumer lifestyle positioning has yielded great results. Our branded apparel business grew over 143% in 2025 and already accounted for 17% of total revenue in 2025. We achieved a full-year gross margin of 65%, the highest level since becoming a public company in 2013, along with positive operating cash flow of $6.2 million. In addition, we have fully embraced AI to capture the real-time market trend and drive operational efficiency across all aspects of our business. End to end AI automation has contributed to a workforce optimization of 58% since 2023. Looking ahead to 2026, we remain committed in our continued transformation to becoming a global consumer lifestyle company and are confident in our ability to deliver overall revenue and profit growth," Mr. He concluded. Share Repurchase Program On March 31, 2025, the Company's board of directors authorized a share repurchase program under which the Company may repurchase up to $0.7 million of its ordinary shares in the form of ADSs no later than June 30, 2025. The Company has since extended the share repurchase program through December 31, 2025, then further to June 30, 2026, with total repurchase amount up to $3.0 million. As of March 20, 2026, the Company has repurchased 502,280 ADSs with a total aggregate value of approximately $1.1 million. Conference Call The Company will hold an earnings conference call to discuss the results at 8:00 a.m. Eastern Time on March 24, 2026 (8:00 p.m. Hong Kong/Singapore Time on the same day). Preregistration Information Participants can register for the conference call by going to https://s1.c-conf.com/diamondpass/10053714-at7ro6.html . Upon registration, participants will receive dial-in numbers, an event passcode, and a unique access PIN. To join the conference, simply dial the number in the calendar invite you receive after preregistering, enter the event passcode followed by your unique access PIN, and you will be connected to the conference instantly. A telephone replay will be available two hours after the conclusion of the conference call through March 31, 2026. The dial-in details are: US/Canada: +1-855-883-1031 Singapore: 800-101-3223 Hong Kong, China: 800-930-639 Replay PIN: 10053714 Additionally, a live and archived webcast of the conference call will be available on the Company's Investor Relations website at https://ir.ador.com. About LightInTheBox Holding Co., Ltd. Founded in 2007, LightInTheBox is a global direct-to-consumer (DTC) e-commerce company dedicated to delivering a joyful lifestyle to consumers worldwide. Leveraging AI-driven market insights and agile supply chain systems, it aims to capture consumer preferences and sentiment to offer differentiated products, driving consumer engagement through deep emotional resonance. LightInTheBox also adopts a brand matrix strategy by launching its own apparel brands such as Ador to further strengthen its position as a consumer lifestyle company. Additionally, LightInTheBox offers a comprehensive suite of services to e-commerce companies, including advertising, supply chain management, payment processing, order fulfillment, and shipping and delivery solutions. For more information, please visit https://ir.ador.com. Non-GAAP Financial Measure In evaluating the business, the Company considers and uses a non-GAAP measure, Adjusted EBITDA, as a supplemental measure to review and assess operating performance. The presentation of this non-GAAP financial measure is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with accounting principles generally accepted in the United States of America ("U.S. GAAP"). The Company's non-GAAP financial measure excludes share-based compensation expenses, depreciation and amortization expenses, interest income, interest expenses and income tax benefit / (expense). The Company presents this non-GAAP financial measure because it is used by management to evaluate operating performance and formulate business plans. The Company believes that the non-GAAP financial measure helps identify underlying trends in its business. The Company also believes that the non-GAAP financial measure could provide further information about the Company's results of operations and enhance the overall understanding of the Company's past performance and future prospects. The non-GAAP financial measure is not defined under U.S. GAAP and is not presented in accordance with U.S. GAAP. The non-GAAP financial measure has limitations as an analytical tool. The Company's non-GAAP financial measure does not reflect all items of income and expenses that affect the Company's operations and does not represent the residual cash flow available for discretionary expenditures. Further, the non-GAAP measure may differ from the non-GAAP information used by other companies, including peer companies, and therefore their comparability may be limited. The Company compensates for the limitations by reconciling the non-GAAP financial measure to the nearest U.S. GAAP performance measure, all of which should be considered when evaluating performance. The Company encourages you to review the Company's financial information in its entirety and not rely on a single financial measure. For more information on the non-GAAP financial measure, please see the table captioned "Unaudited Reconciliations of GAAP and Non-GAAP Results" set forth at the end of this press release. Safe Harbor Statement This press release contains forward-looking statements that involve risks and uncertainties. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "potential," "continue," "ongoing," "targets" and similar statements. Among other things, statements that are not historical facts, including statements about LightInTheBox's beliefs and expectations, the business outlook and quotations from management in this announcement, as well as LightInTheBox's strategic and operational plans, are or contain forward-looking statements. LightInTheBox may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the "SEC"), in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: LightInTheBox's goals and strategies; LightInTheBox's future business development, results of operations and financial condition; the expected growth of the global online retail market; LightInTheBox's ability to attract customers and further enhance customer experience and product offerings; LightInTheBox's ability to strengthen its supply chain efficiency and optimize its logistics network; LightInTheBox's expectations regarding demand for and market acceptance of its products; competition; fluctuations in general economic and business conditions; changes in tariffs and trade policies; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in LightInTheBox's filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and LightInTheBox does not undertake any obligation to update any forward-looking statement, except as required under applicable law. Investor Relations Contact Investor Relations LightInTheBox Holding Co., Ltd. Email: [email protected] Serena Huang Octans Capital Group Email: [email protected] View original content:https://www.prnewswire.com/news-releases/lightinthebox-reports-fourth-quarter-and-full-year-2025-financial-results-302723038.html

TranscriptFY2025 Q42026-03-24

FY2025 Q4 earnings call transcript

Earnings source - 13 paragraphs
Operator

Hello, ladies and gentlemen. Thank you for standing by for LightInTheBox's Fourth Quarter and Full Year 2025 Earnings Conference Call. [Operator Instructions] Today's conference call is being recorded. I will now turn the call over to your host, Ms. Serena Huang. Please go ahead, Serena.

Serena Huang

Thank you, operator. Hello, everyone, and welcome to LightInTheBox Fourth Quarter and Full Year 2025 Earnings Conference Call. The company's earnings results were released via Newswire services earlier today and are available on the company's IR website at ir.ador.com. On the call from LightInTheBox today are the CEO, Mr. Jian He; and the CFO, Mr. Suhai Ji. Mr. He will provide an overview of the company's strategies and highlights, followed by Mr. Ji, who will go over its financial results. Following our prepared remarks, we will open the call to questions. Before we proceed, please note that today's discussion may contain forward-looking statements made under the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from the company's current expectations. To understand the factors that could cause results to materially differ from those in forward-looking statements, please refer to the company's Form 20-F filed with the SEC. The company does not assume any obligation to update any forward-looking statements, except as required under applicable law. Please also note that LightInTheBox earnings press release and this conference call include the discussions of unaudited GAAP financial measures as well as unaudited non-GAAP financial measures. Please refer to the company's earnings press release, which contains a reconciliation of the unaudited non-GAAP measures to the unaudited GAAP measures. Now I'd like to turn the call over to LightInTheBox CEO, Mr. He. Please go ahead.

Jian He

Good morning, and good evening, everyone. Thank you for joining LightInTheBox's Fourth Quarter and Full Year 2025 Earnings Call. We are pleased to report excellent results for the fourth quarter and full year 2025, marking a key milestone in our transformation into a global consumer lifestyle company. In 2025, we delivered consecutive profitable quarters with record quarterly profit in Q4 and a remarkable full year turnaround. Despite a challenging e-commerce environment, we regained positive year-over-year revenue growth in fourth quarter, up 9%, while achieving a record net income of $3.3 million for the quarter and $8.3 million for the year. Our strategy of evolving the LightInTheBox online platform into a consumer lifestyle company is clearly working. By capturing consumer preferences and sentiment, we offer differentiated products that drive consumer engagement through deep emotional resonance. The LightInTheBox online platform now focuses on festivals, holidays, and special occasions, offering highly customized, non-standard products that address consumers' sentimental and lifestyle requirements rather than purely functional needs, thus allowing us to command premium pricing. To further complement and strengthen our positioning as a consumer lifestyle company, we also adopted a brand matrix strategy by launching three proprietary apparel brands successively since 2024 in women's fashion, golf apparel and light party dress. These brands build around the social attributes of women aged 30 and above, delivering emotional value and a more relaxed, enjoyable lifestyle experience across scenarios such as vacations, social golf, and parties. Together, the LightInTheBox online business and the new brands create powerful synergies, tugging on heartstrings and forging emotional connections with our core customers. Such two-pronged unified approach towards consumer lifestyle positioning has yielded great results. In 2025, our branded apparel business grew over 143% and already accounted for 17% of total revenue, up from just 6% in 2024 helped by higher pricing power and the growth of our branded apparel business. We achieved a full-year gross margin of 65% in 2025, the highest level since becoming a public company in 2013, along with positive operating cash flow of $6.2 million. In addition, we have fully embraced AI to capture the real-time marketing trends and drive operational efficiency across all aspects of our business, such as product design, photographic style, marketing channels and customer service. End to end AI automation has contributed to a workforce optimization of 58% since 2023, thus further improving our profit margin and financial results. 2025 was indeed a milestone in our history as a public company, as we navigated through challenging and intense competitive e-commerce environment, executed a business turnaround and return to profitability. Looking ahead to 2026, we remain committed in our continued transformation to becoming a global consumer lifestyle company and are confident in our ability to deliver overall revenue and profit growth. With that, I will now hand the call over to Suhai to go through our financial results.

Suhai Ji

Thank you, Mr. He. Good morning and good evening, everyone. Before we go over our financials, please note that unless otherwise stated, all figures are presented in U.S. dollars. As our CEO mentioned in his remarks, indeed, we delivered excellent financial results last year. In the fourth quarter, our total revenues were $63 million, up 9% year-over-year. Compared to the year-over-year decrease in previous quarters, this marked our renewed top line growth as we have successfully engineered a business turnaround, not only on profit, but also on revenue. The fourth quarter gross profit was $39 million, up 16% year-over-year. Gross margin improved to 63% this quarter from 59% year-over-year. This is largely driven by our higher-margin proprietary product lines and bespoke offerings like French on-demand apparel. Total operating expenses in the fourth quarter increased 8% year-over-year to $36 million, of which fulfillment expenses increased by 7% to $4 million, reflecting the growth in top line revenues. Selling and Marketing expenses increased by 15% to $26 million, while General and Administrative expenses decreased by 15% to $5 million. Total operating expenses as a percentage of revenue remained roughly unchanged at 57%. Largely due to the top line revenue increase and gross margin expansion, our net income in the fourth quarter reached $3.3 million compared to just $0.5 million in the same quarter last year, marking a record quarterly profit since 2022. Moving on to full year 2025 results. Total revenues decreased 12% year-over-year to $224 million, mainly due to our pivot to focus on profitability with declines moderating significantly from the first quarter of 2025 to the third quarter and the fourth quarter regaining positive growth. The full year gross profit was $146 million, down 5% year-over-year. However, gross margin increased to 65% from 60% year-over-year, which was at the highest level since we became a public company in 2013. This is mainly driven by the successful introduction of higher-margin proprietary product lines. Total operating expenses in 2025 decreased by 11% year-over-year to $138 million, of which fulfillment expenses decreased by 12% to $17 million. Selling and Marketing expenses decreased by 8% to $103 million and General and Administrative expenses decreased by 24% to $20 million. Total operating expenses as a percentage of revenue remained roughly unchanged at 61%. Largely due to gross margin expansion and enhanced operation efficiency, we achieved a net income of $8.3 million in 2025 compared with a loss of $2.5 million in 2024, showcasing a remarkable profitability turnaround. In addition, we generated a positive operating cash flow of $6.2 million in 2025. The details of cash flow statements can be found in our 20-F, which will be filed in the next week or so. Overall, we had a remarkable turnaround year in 2025, and the financial results last year provide us with tremendous momentum and confidence going into 2026, which we believe will be another successful record-setting year. So this concludes my remarks. We are now open for questions. Operator, please continue.

Operator

[Operator Instructions] Your first question comes from Joe Ramelli with Ramelli Asset Management.

Joe Ramelli

A couple of questions. One is, do you expect this next year to be a growth year? And then I'll ask a second question.

Suhai Ji

Joe, thanks for the question. Yes, next year, we remain quite confident that we will deliver another year of growth, not only on profit, but also on revenue. We have not officially given the guidance yet, but we are deliberate that until probably the first quarter.

Joe Ramelli

Great. And then my second question is, can you describe your shareholder base? What percentage do insiders hold? And are there any other large investors?

Suhai Ji

Yes. I think together, insiders and the directors hold roughly 70%. So only 30% roughly is in the public float. And the total share base is roughly 18 million ADS. Each ADS is about 12 common shares.

Joe Ramelli

Great turnaround story. Pretty amazing job.

Operator

[Operator Instructions] There are no further questions at this time. I'll now hand back for closing remarks.

Serena Huang

Okay. Thank you once again for joining us today. If you have further questions, please feel free to contact LightInTheBox Investor Relations through the contact information provided on our website. Have a great day.

Operator

That does conclude our conference for today. Thank you for participating. You may now disconnect.

As of 2026-08-29 • Updated weeklySource: Earnings sourceIngestion runbook