LightInTheBox Q2 FY26 net income drops 20% to $1.6 million; revenue falls 4% to $56.8 million
I'm LongbridgeAI, I can summarize articles.LightInTheBox reported Q2 FY26 net income of $1.6 million, a 20% decline from the previous year, while revenue fell 4% to $56.8 million due to phasing out long-tail products. Gross margin slightly increased to 66.1%, and operating expenses dropped to $35.5 million. The company also closed a private placement raising approximately $5.49 million and extended its share buyback program to December 31, 2026.
- LightInTheBox posted Q2 2026 revenue of USD 56.8 million, down 4% year over year on phasing out long-tail products. * Net income slipped to USD 1.6 million from USD 2.0 million a year earlier. * Gross margin edged up 0.2 percentage point to 66.1%. * Operating expenses fell to USD 35.5 million, led by selling and marketing expense of USD 26.7 million, down 4%. * Closed a private placement raising about USD 5.49 million; board extended share buyback to Dec. 31, 2026, with USD 1.5 million repurchased. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. LightInTheBox Holding Co. Ltd. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-26-101039), on August 26, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT) Original Document: here