LightInTheBox (LITB) investor relations material

Executive summary

• Revenue for the first half of 2026 increased 3% year-over-year to $108.8 million, with net income up 28% to $2.7 million and adjusted EBITDA at $3.3 million.

• Second quarter revenue was $56.8 million, down 4% year-over-year due to the deliberate phase-out of long-tail products and product mix optimization.

• Net income for Q2 2026 reached $1.6 million, reflecting sustained profitability despite industry challenges.

• Gross margin remained strong at 66.1% in Q2 2026, up from 65.9% a year ago.

• The company continues to transform into a consumer lifestyle business, leveraging AI and proprietary brands.

Financial highlights

• Q2 2026 gross profit was $37.6 million, compared to $38.8 million in Q2 2025.

• Operating expenses in Q2 2026 were $35.5 million, down from $36.9 million year-over-year.

• Adjusted EBITDA for Q2 2026 was $1.9 million; for the first half, $3.3 million.

• Net income per ADS for Q2 2026 was $0.09 diluted, compared to $0.11 in Q2 2025.

• For H1 2026, gross profit was $71.4 million, up from $69.4 million in H1 2025.

Outlook and guidance

• The company is focusing on sustainable, profitable growth and further embedding AI to anticipate consumer needs.

• Management highlighted ongoing resilience and efficiency, with strategic transformation supported by recent private placement financing.

• Plans to continue evolving product strategy around self-expression and emotional value.

• The external environment remains uncertain due to geopolitical disruptions, logistics costs, and FX headwinds.