Earnings ·
LightInTheBox Holding Co., Ltd. reported unaudited financial results for the second quarter ended June 30, 2026
LITBLightInTheBox Holding Co., Ltd.
LightInTheBox Holding Co., Ltd. reported unaudited financial results for the second quarter ended June 30, 2026. Total revenues decreased 4% year over year to $56.8 million as the company phased out long-tail products, while gross margin remained stable at 66.1%. Net income was $1.6 million compared to $2.0 million in the prior-year quarter, and Adjusted EBITDA declined to $1.9 million from $2.3 million. For the first half of 2026, revenues increased 3% to $108.8 million with net income rising to $2.7 million. The company also announced the closing of a private placement financing on August 10, 2026, raising approximately $5.49 million in gross proceeds to support its strategic transformation. Additionally, Ms. Wenyu Liu was appointed Chief Financial Officer effective August 21, 2026, succeeding Mr. Suhai Ji who resigned for personal reasons. LightInTheBox is a global direct-to-consumer e-commerce company that delivers consumer lifestyle products worldwide.