Here are the 10-Q quarterly reports from Tile Shop Holdings Inc (TTSH) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow TTSH and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full TTSH filings page.
Tile Shop Holdings (TTSH) reported softer Q3 2025 results and outlined a plan to delist its stock via a reverse/forward split, subject to stockholder approval at a Special Meeting expected in December 2025.
Q3 net sales were $83.1 million versus $84.5 million a year ago, with a net loss of $1.6 million (vs. $0.0 million income). Gross margin fell to 62.9% from 66.5% on higher product costs, delivery expenses, and discounting. Comparable store sales decreased 1.4% in Q3 and 3.0% year‑to‑date. Nine‑month sales were $259.3 million with a $1.1 million net loss.
The “Going Dark Transaction” would cash out holders below 2,000–4,000 shares at $6.60 per share after a reverse split, then a forward split restores holdings for continuing stockholders. Based on a 1‑for‑3,000 mid‑point, about 1,307,000 shares would be cashed out at an estimated cost of $8.6 million plus approximately $523,000 in expenses, with anticipated annual savings of roughly $2.4 million. As of September 30, 2025, cash was $24.1 million, there were no borrowings, and $73.8 million remained available on the revolver. Shares outstanding were 44,715,001 as of November 3, 2025.