LightInTheBox hits double-digit revenue growth as branded apparel surge drives record Q1 profit

LightInTheBox (NYSE:LITB) posted total net revenues of $52 million for the quarter ended March 31, 2026, an 11% increase compared to the same period last year.

The results mark a definitive recovery from the consecutive declines recorded during the first three quarters of 2025.

Gross profit reached $33.8 million with a stable gross margin of 65%, highlighting the company's success in maintaining its premium pricing power in a competitive e-commerce landscape.

A primary driver of this recovery was the branded apparel segment, which saw revenue jump over 81% year-over-year.

This high-growth category now accounts for 24% of the company's total revenue, up from 15% in the first quarter of 2025.

Management attributed this momentum to the successful integration of proprietary brands and "print-on-demand" services that resonate with the company's core consumer lifestyle positioning.

Despite the first quarter typically being a seasonally weak period for global retail, LightInTheBox reported a record first-quarter net income of $1.2 million—a significant jump from the $0.1 million reported in the prior-year period.

Adjusted EBITDA also strengthened, rising to $1.5 million compared to $0.6 million a year ago.

The company’s continued focus on profitability was further supported by a 15% reduction in general and administrative expenses, which fell to $4.2 million.

The company remains committed to returning value to shareholders through its ongoing share repurchase program, which was recently extended through June 30, 2026.

As of May 8, 2026, LightInTheBox has repurchased 565,217 ADSs for approximately $1.3 million out of the authorized $3 million.

The company ended the quarter with a healthy balance sheet, providing the flexibility to continue its transformation into a global consumer lifestyle powerhouse.