LightInTheBox (LITB) Q1 2026 earnings summary

Executive summary

• Achieved eighth consecutive profitable quarter with record Q1 net income of $1.2 million, up from $0.1 million year-over-year.

• Revenues grew 11% year-over-year to $52 million, reversing prior declines and showing strong momentum.

• Branded apparel business surged over 81% year-over-year, now 24% of total revenue, up from 15% last year.

• Continued execution of strategy to evolve into a global consumer lifestyle company, leveraging brand matrix and customized products to drive engagement.

Financial highlights

• Gross profit increased to $34 million, up 10% year-over-year, with gross margin stable at 65%.

• Net income for Q1 was $1.2 million, compared to $0.1 million in the same quarter last year.

• Total operating expenses increased 7% year-over-year to $33 million, with fulfillment and marketing costs up, but G&A down 15%.

• Adjusted EBITDA reached $1.5 million, up from $0.6 million year-over-year.

Segment performance

• Branded apparel segment showed strong momentum, growing over 81% year-over-year and contributing 24% of total revenue, up from 15% a year ago.