LightInTheBox reported improved first-half profitability during 2026 despite a modest decline in second-quarter revenue as expense controls and stable gross margins supported the company’s ongoing transformation.
For the first six months of 2026, revenue increased 3% year-over-year to $108.8 million.
Net income reached $2.7 million, up approximately 28% from $2.1 million.
Adjusted EBITDA increased to $3.3 million from $3 million, while gross margin remained unchanged at 65.6%.
Second-quarter results were softer.
Revenue declined 4% to $56.8 million as LightInTheBox deliberately phased out certain long-tail products.
Gross margin nevertheless edged higher to 66.1% from 65.9%, and operating expenses declined to $35.5 million from $36.9 million.
Quarterly net income was $1.6 million compared with $2 million, while adjusted EBITDA was $1.9 million versus $2.3 million.
LightInTheBox said the first-half results provide a better indication of underlying progress as it shifts toward a more focused product mix and incorporates AI-driven tools into its operations.
The company recently completed a private placement that generated approximately $5.49 million in gross proceeds to support its strategic transformation.
It has also repurchased approximately 657,000 ADSs for an aggregate $1.5 million under its stock repurchase program.
KEY QUOTES:
“Revenue increased by 3% year over year to $108.8 million, net income grew by approximately 28% to $2.7 million, and Adjusted EBITDA improved by $0.4 million year over year to $3.3 million.”
Jian He, Chairman and CEO of LightInTheBox
