LightInTheBox Holding Co Ltd ADR reported second-quarter revenue of $58.88 million, a 4% decrease from the same period last year, as management deliberately phased out lower-margin products to focus on proprietary apparel brands.
Net income for the quarter totaled $1.6 million, down from $2 million in Q2 2025, while adjusted EBITDA reached $1.9 million. Gross margin remained stable at 66.1%, compared with 65.9% a year earlier, reflecting the shift toward higher-margin lifestyle products. Total operating expenses declined 4% year-over-year to $35 million, with fulfillment, selling and marketing, and general and administrative costs all trending lower.
For the first half of 2026, revenue rose 3% year-over-year to $108.8 million, while net income increased approximately 28% to $2.7 million and adjusted EBITDA reached $3.3 million. The company’s operating expense ratio improved to 62% of revenue from 63% in the prior-year period.
Management cited geopolitical disruptions and a weaker U.S. dollar as external headwinds during the quarter, alongside rising cross-border logistics costs. The company is transitioning from a general e-commerce platform to a consumer lifestyle business centered on proprietary brands such as Ador, Miss Glamour, and A. Skull, with a focus on AI-driven personalization and product development.
LightInTheBox’s stock rose 3.73% in pre-market trading following the results, lifting shares to $3.20 from the prior close of $3.085. The company’s 52-week range stands at $1.17 to $4.17, with a market capitalization of $61.3 million and a P/E ratio of 5.95.
