LightInTheBox Q2 FY26 net income drops 20% to $1.6 million; revenue falls 4% to $56.8 million - LITB News | RalliesLightInTheBox Q2 FY26 net income drops 20% to $1.6 million; revenue falls 4% to $56.8 million
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LITB• Quarterly results and capital actions
- LightInTheBox posted Q2 2026 revenue of USD 56.8 million, down 4% year over year on phasing out long-tail products.
- Net income slipped to USD 1.6 million from USD 2.0 million a year earlier.
- Gross margin edged up 0.2 percentage point to 66.1%.
- Operating expenses fell to USD 35.5 million, led by selling and marketing expense of USD 26.7 million, down 4%.
- Closed a private placement raising about USD 5.49 million; board extended share buyback to Dec. 31, 2026, with USD 1.5 million repurchased.
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