LightInTheBox Holding Co., Ltd.

First-quarter revenue was $52 million, up 11% year over year. Gross profit was $34 million, up 10% year over year, and gross margin was 65%, described as relatively stable. Total operating expenses increased 7% year over year to $33 million, with fulfillment expenses up 5% to $4 million, selling and marketing up 13% to $25 million, and G&A down 15% to $4 million; operating expenses as a percentage of revenue fell from 65% to 63%. Net income was $1.2 million versus $0.1 million in the same quarter last year, a record first-quarter profit since 2022. The company did not give explicit numeric full-year or next-quarter guidance, but said Q2 typically picks up significantly with spring and summer seasonality, Q3 may soften, and Q4 should strengthen ahead of Christmas.

CEO Jian He framed the quarter as a continuation of the turnaround, highlighting the eighth consecutive profitable quarter and a record Q1 profit. He emphasized that the company is evolving into a consumer lifestyle platform, using customized products and a brand matrix across women’s fashion, golf apparel, and light party dresses to drive engagement and loyalty. His tone was upbeat and confident, saying the company has had a strong start to 2026 and is positioned for continued revenue and profit growth.

CFO Suhai Ji focused on the improved financial trajectory, saying Q1 delivered both revenue and profit growth after prior-year revenue declines in the first three quarters of last year. He cited $52 million in revenue, $34 million in gross profit, 65% gross margin, and $1.2 million in net income, along with lower G&A and a reduction in operating expenses as a percentage of revenue from 65% to 63%. He said the company is continuing its business turnaround and remains confident that 2026 will be another successful, record-setting year, while the CEO noted an ongoing share repurchase program.

There were no analyst questions on the call, so no Q&A concerns or follow-ups were raised. Management did, however, address seasonality proactively, saying Q1 is usually the weakest period, Q2 tends to improve, Q3 can ease, and Q4 typically strengthens ahead of Christmas. They also pointed to the branded apparel mix shift and continued profitability as the main execution themes.