The revenue growth and sustained profitability are positive signals for a micro-cap stock that was previously in decline. However, the $8.4M cash burn in Q1 is concerning given the $44M market cap — monitor cash trajectory closely in Q2. The branded apparel pivot is gaining traction and could support further margin expansion.
Price Chart
Executive Summary
LightInTheBox reported Q1 2026 results with revenue of $52.0 million (+11% YoY) and net income of $1.2 million, a significant improvement from $0.1 million in Q1 2025, marking its eighth consecutive profitable quarter. The branded apparel business grew 81% YoY to 24% of total revenue, but cash and cash equivalents dropped sharply from $23.6M to $15.2M, and the company still carries a shareholders' deficit of -$2.8M.
Key Facts
- Q1 2026 total revenues were $52.0 million, an 11% increase YoY from $47.0 million
- Net income was $1.2 million vs $0.1 million in Q1 2025
- Gross margin remained stable at 65.0% vs 65.2%
- Branded apparel revenue grew 81% YoY, now 24% of total revenue (up from 15%)
- Cash and cash equivalents fell to $15.2 million from $23.6 million at year-end 2025
- Shareholders' deficit improved to -$2.8 million from -$4.0 million
- Share repurchase program extended to June 30, 2026 with $3.0 million authorized; $1.3 million executed as of May 8, 2026
Financial Impact
Revenue growth of $5.0M YoY; net income improvement of $1.0M; cash burn of $8.4M in Q1
Risk Factors
- Cash burn rate is high relative to market cap — $15.2M cash may not sustain operations if losses resume
- Shareholders' deficit of -$2.8M indicates negative book value
- Selling and marketing expenses grew 12% YoY, outpacing revenue growth of 11%
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001104659-26-058982 |
| Document: tm2614188d1_6k.htm | 0001104659-26-058982 |
| Document: 0001104659-26-058982-index-headers.html | 0001104659-26-058982 |
| Document: 0001104659-26-058982-index.html | 0001104659-26-058982 |
| Document: 0001104659-26-058982.txt | 0001104659-26-058982 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 26, 2026 8w ago | 6-K | $3.09 | awaiting T+60 | — | $2.80 (+9.44%) |
Aug 21, 2026 9w ago | Press Release | $3.05 | awaiting T+60 | — | $2.80 (−8.20%) |
Aug 13, 2026 10w ago | 6-K | $3.08 | awaiting T+60 | — | $2.80 (−8.94%) |
Aug 13, 2026 10w ago | Press Release | $3.00 | awaiting T+60 | — | $2.80 (−6.67%) |
Aug 10, 2026 11w ago | 6-K | $3.05 | awaiting T+60 | — | $2.80 (+8.20%) |
Jun 30, 2026 17w ago | 6-K | $2.95 $3.11 | ▲ +5.42% | ▲ +1.86% | $2.80 (−5.08%) |
Jun 3, 2026 20w ago | 6-K | $3.80 $3.24 | ▼ −14.74% | ▼ −17.24% | $2.80 (−26.32%) |
May 26, 2026 22w ago | 6-K | $2.62 $2.93 | ▲ +11.83% | ▲ +9.11% | $2.80 (+6.87%) |
May 12, 2026 24w ago | 6-K | $2.60 $3.15 | ▲ +21.15% | ▲ +16.77% | $2.80 (+7.69%) |
Apr 17, 2026 27w ago | 6-K | $2.40 $3.31 | ▲ +37.92% | ▲ +31.14% | $2.80 (+16.67%) |
US Market Status
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