Light 1Q net income R$68.6M, -18% y/y

LightInTheBox Holding Co., Ltd. (NYSE: LITB) reported a net income of $1.2 million for the first quarter of 2026, representing a significant increase from $0.1 million in the same period of the previous year. This marked the company's eighth consecutive profitable quarter and its second consecutive quarter of year-over-year revenue growth, with total revenues rising 11% to $52 million.

The company's gross profit for the quarter reached $33.8 million, with a stable gross margin of 65.0% compared to 65.2% in the prior year. Operating expenses totaled $32.7 million, with fulfillment expenses increasing by 5% year over year to $4.1 million, while general and administrative expenses decreased by 15% to $4.2 million.

LightInTheBox's branded apparel segment continued to show strong performance, growing over 81% year over year and contributing 24% of total revenue, up from 15% in the first quarter of 2025. The company also reported an adjusted EBITDA of $1.5 million, compared to $0.6 million in the same quarter last year.

The company has repurchased 565,217 ADSs with a total aggregate value of approximately $1.3 million under its extended share repurchase program. Management expressed confidence in the company's ability to continue its growth trajectory in 2026, citing disciplined cost control, sustained profitability, and a focus on customer engagement through its brand matrix strategy.