LightInTheBox Holding (NYSE:LITB) today announced its unaudited financial results for the fourth quarter and full year ended December 31, 2025, marking a definitive shift from high-volume scaling to high-margin profitability.
While full-year revenue saw a 12% year-over-year contraction to $224.3 million, the company successfully delivered a record annual net income of $8.3 million and an adjusted EBITDA of $9.9 million.
The fourth quarter specifically signaled a return to growth, with revenue rising 9% year-over-year to $63 million.
The cornerstone of this financial turnaround is the company’s strategic transition into premium branded apparel.
Revenue from branded labels grew by a staggering 143% in 2025, now accounting for 17% of the total revenue mix.
This pivot toward higher-quality, higher-price-point items allowed LightInTheBox to achieve an all-time high gross margin of 65%—the best performance since its 2013 IPO.
Operating efficiency and shareholder alignment were also key themes in the 2025 report.
The company generated a positive operating cash flow of $6.2 million, providing the liquidity necessary to execute a disciplined capital return program.
During the year, LightInTheBox repurchased 502,280 American Depositary Shares (ADSs) for approximately $1.1 million.