Lightinthebox Hldg Co Ltd Financials

LITB

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2024 Currency USD FYE December

This page shows Lightinthebox Hldg Co Ltd (LITB) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 14 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 0/100

Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

Lightinthebox Hldg Co Ltd has an operating margin of -0.9%, meaning the company retains $-1 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is up from -1.7% the prior year.

Growth

Lightinthebox Hldg Co Ltd's revenue declined 59.4% year-over-year, from $629.4M to $255.3M. This contraction results in a growth score of 0/100.

Liquidity

Lightinthebox Hldg Co Ltd's current ratio of 0.35 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 0/100, which could limit financial flexibility.

Cash Flow

While Lightinthebox Hldg Co Ltd generated -$48.2M in operating cash flow, capex of $782K consumed most of it, leaving -$48.9M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.

Piotroski F-Score Weak

3/9

Lightinthebox Hldg Co Ltd passes 3 of 9 financial strength tests. 1 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Low Quality

19.35x

For every $1 of reported earnings, Lightinthebox Hldg Co Ltd generates $19.35 in operating cash flow (-$48.2M OCF vs -$2.5M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Key Financial Metrics

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Revenue

$255.3M

YoY-59.4%

5Y CAGR+0.9%

10Y CAGR-4.0%

Lightinthebox Hldg Co Ltd generated $255.3M in revenue in fiscal year 2024. This represents a decrease of 59.4% from the prior year.

EBITDA

-$775K

YoY+91.5%

Lightinthebox Hldg Co Ltd's EBITDA was -$775K in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 91.5% from the prior year.

Free Cash Flow

-$48.9M

YoY-123.9%

Lightinthebox Hldg Co Ltd generated -$48.9M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 123.9% from the prior year.

Net Income

-$2.5M

YoY+74.0%

Lightinthebox Hldg Co Ltd reported -$2.5M in net income in fiscal year 2024. This represents an increase of 74.0% from the prior year.

EPS (Diluted)

$-0.01

YoY+75.0%

Lightinthebox Hldg Co Ltd earned $-0.01 per diluted share (EPS) in fiscal year 2024. This represents an increase of 75.0% from the prior year.

Cash & Debt

$17.9M

YoY-73.0%

5Y CAGR-13.8%

10Y CAGR-13.4%

Lightinthebox Hldg Co Ltd held $17.9M in cash against $0 in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

221M

YoY-1.2%

5Y CAGR+3.3%

10Y CAGR+8.5%

Lightinthebox Hldg Co Ltd had 221M shares outstanding in fiscal year 2024. This represents a decrease of 1.2% from the prior year.

Gross Margin

60.1%

YoY+2.9pp

5Y CAGR+20.1pp

10Y CAGR+22.1pp

Lightinthebox Hldg Co Ltd's gross margin was 60.1% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 2.9 percentage points from the prior year.

Operating Margin

-0.9%

YoY+0.8pp

5Y CAGR+5.7pp

10Y CAGR+7.2pp

Lightinthebox Hldg Co Ltd's operating margin was -0.9% in fiscal year 2024, reflecting core business profitability. This is up 0.8 percentage points from the prior year.

Net Margin

-1.0%

YoY+0.5pp

5Y CAGR-1.4pp

10Y CAGR+6.9pp

Lightinthebox Hldg Co Ltd's net profit margin was -1.0% in fiscal year 2024, showing the share of revenue converted to profit. This is up 0.5 percentage points from the prior year.

Return on Equity

N/A

R&D Spending

$15.5M

YoY-18.7%

5Y CAGR-2.8%

Lightinthebox Hldg Co Ltd invested $15.5M in research and development in fiscal year 2024. This represents a decrease of 18.7% from the prior year.

Share Buybacks

$1.2M

YoY-46.1%

5Y CAGR+37.6%

10Y CAGR-19.4%

Lightinthebox Hldg Co Ltd spent $1.2M on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 46.1% from the prior year.

Capital Expenditures

$782K

YoY-31.9%

5Y CAGR-3.1%

10Y CAGR-11.2%

Lightinthebox Hldg Co Ltd invested $782K in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 31.9% from the prior year.

LITB Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$255.3M-59.4%	$629.4M+25.0%	$503.6M+12.9%	$446.1M+12.0%	$398.2M+63.4%	$243.6M
Cost of Revenue	$101.8M-62.2%	$269.5M+17.9%	$228.5M-4.6%	$239.4M+7.8%	$222.0M+52.0%	$146.0M
Gross Profit	$153.5M-57.4%	$359.9M+30.8%	$275.1M+33.1%	$206.7M+17.3%	$176.2M+80.5%	$97.6M
R&D Expenses	$15.5M-18.7%	$19.1M-1.8%	$19.4M-4.4%	$20.3M+34.2%	$15.2M-15.2%	$17.9M
SG&A Expenses	$25.7M-24.5%	$34.1M-6.1%	$36.3M-8.7%	$39.7M+19.8%	$33.2M-12.3%	$37.8M
Operating Income	-$2.2M+78.7%	-$10.4M+27.0%	-$14.2M+11.6%	-$16.1M-518.0%	$3.9M+124.0%	-$16.1M
Interest Expense	N/A	$4K-20.0%	$5K-61.5%	$13K-85.9%	$92K+39.4%	$66K
Income Tax	-$39K-197.5%	$40K+100.3%	-$12.7M-229.6%	$9.8M+186.8%	$3.4M+2924.8%	$113K
Net Income	-$2.5M+74.0%	-$9.6M+83.1%	-$56.6M-531.0%	$13.1M-1.4%	$13.3M+1233.0%	$999K
EPS (Diluted)	$-0.01+75.0%	$-0.04+84.0%	$-0.25-516.7%	$0.060.0%	$0.06+200.0%	$-0.06

Metric	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19	Q4'18	Q4'17
Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

LITB Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$69.4M-45.1%	$126.3M-23.4%	$164.8M-15.6%	$195.4M+23.6%	$158.0M+39.6%	$113.2M
Current Assets	$27.0M-68.3%	$85.0M-26.7%	$116.0M+38.2%	$83.9M-1.1%	$84.8M+47.8%	$57.4M
Cash & Equivalents	$17.9M-73.0%	$66.4M-25.0%	$88.6M+58.3%	$55.9M-9.0%	$61.5M+62.9%	$37.7M
Inventory	$3.6M-36.9%	$5.8M-59.6%	$14.3M+18.9%	$12.0M+20.9%	$9.9M+34.8%	$7.4M
Accounts Receivable	$976K+53.9%	$634K-8.8%	$695K-57.2%	$1.6M+24.8%	$1.3M-4.0%	$1.4M
Goodwill	$26.7M-2.7%	$27.4M-2.8%	$28.2M-7.4%	$30.4M+2.3%	$29.7M+6.5%	$27.9M
Total Liabilities	$82.5M-38.7%	$134.7M-16.3%	$160.9M+22.4%	$131.5M+21.0%	$108.7M+33.6%	$81.3M
Current Liabilities	$77.6M-41.5%	$132.5M-14.0%	$154.1M+40.2%	$109.9M+13.5%	$96.9M+35.1%	$71.7M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	-$13.2M-57.1%	-$8.4M-316.3%	$3.9M-93.9%	$63.9M+29.4%	$49.4M+54.9%	$31.9M
Retained Earnings	-$262.2M-1.1%	-$259.3M-4.1%	-$249.2M-29.8%	-$192.1M+6.1%	-$204.6M+6.1%	-$217.9M

Metric	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19	Q4'18	Q4'17
Total Assets	$69.4M-45.1%	$126.3M-23.4%	$164.8M-15.6%	$195.4M+23.6%	$158.0M+39.6%	$113.2M+9.3%	$103.6M-4.7%	$108.7M
Current Assets	$27.0M-68.3%	$85.0M-26.7%	$116.0M+38.2%	$83.9M-1.1%	$84.8M+47.8%	$57.4M+3.3%	$55.6M-45.0%	$101.0M
Cash & Equivalents	$17.9M-73.0%	$66.4M-25.0%	$88.6M+58.3%	$55.9M-9.0%	$61.5M+62.9%	$37.7M-2.8%	$38.8M-43.3%	$68.4M
Inventory	$3.6M-36.9%	$5.8M-59.6%	$14.3M+18.9%	$12.0M+20.9%	$9.9M+34.8%	$7.4M-13.3%	$8.5M-28.4%	$11.8M
Accounts Receivable	$976K+53.9%	$634K-8.8%	$695K-57.2%	$1.6M+24.8%	$1.3M-4.0%	$1.4M-7.3%	$1.5M-57.4%	$3.4M
Goodwill	$26.7M-2.7%	$27.4M-2.8%	$28.2M-7.4%	$30.4M+2.3%	$29.7M+6.5%	$27.9M-0.9%	$28.2M+3982.5%	$690K
Total Liabilities	$82.5M-38.7%	$134.7M-16.3%	$160.9M+22.4%	$131.5M+21.0%	$108.7M+33.6%	$81.3M-27.0%	$111.4M+109.1%	$53.3M
Current Liabilities	$77.6M-41.5%	$132.5M-14.0%	$154.1M+40.2%	$109.9M+13.5%	$96.9M+35.1%	$71.7M-35.0%	$110.2M+106.9%	$53.3M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	-$13.2M-57.1%	-$8.4M-316.3%	$3.9M-93.9%	$63.9M+29.4%	$49.4M+54.9%	$31.9M+508.5%	-$7.8M-114.1%	$55.5M
Retained Earnings	-$262.2M-1.1%	-$259.3M-4.1%	-$249.2M-29.8%	-$192.1M+6.1%	-$204.6M+6.1%	-$217.9M+0.5%	-$218.9M-37.4%	-$159.3M

LITB Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	-$48.2M-132.5%	-$20.7M-157.8%	$35.8M+2122.9%	-$1.8M-106.0%	$29.3M+1457.6%	$1.9M
Capital Expenditures	$782K-31.9%	$1.1M+40.6%	$817K-19.3%	$1.0M-54.6%	$2.2M+143.5%	$917K
Free Cash Flow	-$48.9M-123.9%	-$21.9M-162.5%	$35.0M+1357.5%	-$2.8M-110.3%	$27.1M+2706.3%	$965K
Investing Cash Flow	-$2.3M-109.3%	-$1.1M-152.6%	$2.1M+217.7%	-$1.7M+5.1%	-$1.8M-169.6%	-$681K
Financing Cash Flow	-$586K+74.5%	-$2.3M-5237.2%	-$43K+96.7%	-$1.3M+64.2%	-$3.7M-569.0%	-$551K
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$1.2M-46.1%	$2.3M	$0	$0-100.0%	$2.7M+973.7%	$251K

Metric	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19	Q4'18	Q4'17
Operating Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Financing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

LITB Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	60.1%+2.9pp	57.2%+2.5pp	54.6%+8.3pp	46.3%+2.1pp	44.2%+4.2pp	40.1%
Operating Margin	-0.9%+0.8pp	-1.7%+1.2pp	-2.8%+0.8pp	-3.6%-4.6pp	1.0%+7.6pp	-6.6%
Net Margin	-1.0%+0.5pp	-1.5%+9.7pp	-11.2%-14.2pp	2.9%-0.4pp	3.3%+2.9pp	0.4%
Return on Equity	N/A	N/A	N/A	20.5%-6.4pp	27.0%+23.8pp	3.1%
Return on Assets	-3.6%+4.0pp	-7.6%+26.7pp	-34.3%-41.0pp	6.7%-1.7pp	8.4%+7.5pp	0.9%
Current Ratio	0.35-0.3	0.64-0.1	0.75-0.0	0.76-0.1	0.88+0.1	0.80
Debt-to-Equity	-6.27+9.8	-16.07-57.6	41.52+39.5	2.06-0.1	2.20-0.4	2.55
FCF Margin	-19.2%-15.7pp	-3.5%-10.4pp	7.0%+7.6pp	-0.6%-7.4pp	6.8%+6.4pp	0.4%

Metric	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19	Q4'18	Q4'17
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Current Ratio	0.35-0.3	0.64-0.1	0.75-0.0	0.76-0.1	0.88+0.1	0.80+0.3	0.50-1.4	1.90
Debt-to-Equity	-6.27+9.8	-16.07-57.6	41.52+39.5	2.06-0.1	2.20-0.4	2.55+16.8	-14.27-15.2	0.96
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Note: Shareholder equity is negative (-$13.2M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.

Note: The current ratio is below 1.0 (0.35), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

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Frequently Asked Questions

What is Lightinthebox Hldg Co Ltd's annual revenue?

Lightinthebox Hldg Co Ltd (LITB) reported $255.3M in total revenue for fiscal year 2024. This represents a -59.4% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Lightinthebox Hldg Co Ltd's revenue growing?

Lightinthebox Hldg Co Ltd (LITB) revenue declined by 59.4% year-over-year, from $629.4M to $255.3M in fiscal year 2024.

Is Lightinthebox Hldg Co Ltd profitable?

No, Lightinthebox Hldg Co Ltd (LITB) reported a net income of -$2.5M in fiscal year 2024, with a net profit margin of -1.0%.

What is Lightinthebox Hldg Co Ltd's earnings per share (EPS)?

Lightinthebox Hldg Co Ltd (LITB) reported diluted earnings per share of $-0.01 for fiscal year 2024. This represents a 75.0% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

What is Lightinthebox Hldg Co Ltd's EBITDA?

Lightinthebox Hldg Co Ltd (LITB) had EBITDA of -$775K in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

What is Lightinthebox Hldg Co Ltd's gross margin?

Lightinthebox Hldg Co Ltd (LITB) had a gross margin of 60.1% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.

What is Lightinthebox Hldg Co Ltd's operating margin?

Lightinthebox Hldg Co Ltd (LITB) had an operating margin of -0.9% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.

What is Lightinthebox Hldg Co Ltd's net profit margin?

Lightinthebox Hldg Co Ltd (LITB) had a net profit margin of -1.0% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

What is Lightinthebox Hldg Co Ltd's free cash flow?

Lightinthebox Hldg Co Ltd (LITB) generated -$48.9M in free cash flow during fiscal year 2024. This represents a -123.9% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Lightinthebox Hldg Co Ltd's operating cash flow?

Lightinthebox Hldg Co Ltd (LITB) generated -$48.2M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Lightinthebox Hldg Co Ltd's total assets?

Lightinthebox Hldg Co Ltd (LITB) had $69.4M in total assets as of fiscal year 2024, including both current and long-term assets.

What are Lightinthebox Hldg Co Ltd's capital expenditures?

Lightinthebox Hldg Co Ltd (LITB) invested $782K in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

How much does Lightinthebox Hldg Co Ltd spend on research and development?

Lightinthebox Hldg Co Ltd (LITB) invested $15.5M in research and development during fiscal year 2024.

Does Lightinthebox Hldg Co Ltd buy back shares?

Yes, Lightinthebox Hldg Co Ltd (LITB) spent $1.2M on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.

How many shares does Lightinthebox Hldg Co Ltd have outstanding?

Lightinthebox Hldg Co Ltd (LITB) had 221M shares outstanding as of fiscal year 2024.

What is Lightinthebox Hldg Co Ltd's current ratio?

Lightinthebox Hldg Co Ltd (LITB) had a current ratio of 0.35 as of fiscal year 2024, which is below 1.0, which may suggest potential liquidity concerns.

What is Lightinthebox Hldg Co Ltd's debt-to-equity ratio?

Lightinthebox Hldg Co Ltd (LITB) had a debt-to-equity ratio of -6.27 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Lightinthebox Hldg Co Ltd's return on assets (ROA)?

Lightinthebox Hldg Co Ltd (LITB) had a return on assets of -3.6% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Lightinthebox Hldg Co Ltd's cash runway?

Based on fiscal year 2024 data, Lightinthebox Hldg Co Ltd (LITB) had $17.9M in cash against an annual operating cash burn of $48.2M. This gives an estimated cash runway of approximately 4 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.

Why is Lightinthebox Hldg Co Ltd's debt-to-equity ratio negative or unusual?

Lightinthebox Hldg Co Ltd (LITB) has negative shareholder equity of -$13.2M as of fiscal year 2024, which causes the debt-to-equity ratio to appear negative or not meaningful. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.

What is Lightinthebox Hldg Co Ltd's Piotroski F-Score?

Lightinthebox Hldg Co Ltd (LITB) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Lightinthebox Hldg Co Ltd's earnings high quality?

Lightinthebox Hldg Co Ltd (LITB) has an earnings quality ratio of 19.35x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Lightinthebox Hldg Co Ltd?

Lightinthebox Hldg Co Ltd (LITB) scores 0 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.