LightInTheBox Posts 11% Revenue Growth to $52M and Record $1.2M Q1 Profit
LightInTheBox delivered $52.0 million in Q1 revenue, up 11% year-over-year, and recorded a first-quarter net income of $1.2 million versus $0.1 million last year. Branded apparel sales surged 81% to 24% of total revenue, and the company has repurchased $1.3 million of its ADSs under a $3.0 million program.
1. Q1 2026 Financial Highlights
Total revenues reached $52.0 million in the first quarter, marking an 11% year-over-year increase. Gross profit rose to $33.8 million with a stable 65.0% margin, while net income climbed to $1.2 million and adjusted EBITDA reached $1.5 million, both record highs since 2022.
2. Branded Apparel Momentum
The branded apparel segment grew 81% year-over-year, accounting for 24% of total revenue compared to 15% in Q1 2025. Strong growth in women’s fashion, golf apparel and light party dresses drove deeper customer engagement and higher average order values.
3. Expense Trends and Cost Controls
Operating expenses totaled $32.7 million, up from $30.5 million last year, with fulfillment costs rising 5% to $4.1 million and selling and marketing expenses up 12% to $24.6 million. General and administrative costs declined 15% to $4.2 million, including $2.3 million in R&D spending.
4. Share Repurchase Program Details
The board authorized a share repurchase plan extended through June 30, 2026, for up to $3.0 million. As of May 8, the company repurchased 565,217 ADSs at an aggregate cost of approximately $1.3 million, demonstrating confidence in long-term value creation.