LightInTheBox Holding Co., Ltd.
LITB Consumer Cyclical Internet Retail
LightInTheBox Holding Co., Ltd.’s revenue for fiscal 2025 (year ended December 2025) was $224.3 million, down 12.1% from fiscal 2024. Insiders bought in the last twelve months.
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LightInTheBox Holding Co., Ltd. (LITB) Altman Z-score
LightInTheBox Holding Co., Ltd.'s Altman Z-score for fiscal 2025 is −1.80, in the distress zone (below 1.81).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2025 | −1.80 | 0.57 |
| FY2024 | −2.37 | (4.29) |
| FY2023 | 1.92 | 1.03 |
| FY2022 | 0.89 | (0.10) |
| FY2021 | 0.99 | (1.25) |
| FY2020 | 2.24 | 2.87 |
| FY2019 | −0.63 | 1.52 |
| FY2018 | −2.15 | (5.04) |
| FY2017 | 2.89 | (0.34) |
| FY2016 | 3.23 | 1.99 |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | (0.55) | — | −0.66 | |
| Retained earnings / total assets | (3.53) | — | −4.94 | |
| EBIT / total assets | 0.11 | — | 0.37 | |
| Market value of equity / total liabilities | 0.54 | — | 0.32 | |
| Sales / total assets | 3.12 | — | 3.12 | |
| Altman Z-score | Distress zone | −1.80 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Distress zone | −14.44 | ||
How the Altman Z-score works
Z = 1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets (Altman, 1968). The market value of equity is the close on the last trading day of the fiscal year times weighted basic shares.
Z″ = 6.56 × working capital ÷ total assets + 3.26 × retained earnings ÷ total assets + 6.72 × EBIT ÷ total assets + 1.05 × book equity ÷ total liabilities (Altman, Hartzell and Peck, 1995), the variant for non-manufacturing and asset-light companies.
| Zone | Z | Z″ |
|---|---|---|
| Safe zone | above 2.99 | above 2.60 |
| Grey zone | 1.81–2.99 | 1.10–2.60 |
| Distress zone | below 1.81 | below 1.10 |
Not worked out for banks, insurers and REITs, whose balance sheets the model does not describe, nor when a figure is missing or there is no share price in the week to the fiscal year end.
Altman Z-score against peers
| Company | Altman Z-score |
|---|---|
| WNW Meiwu Technology Company Limited compare | 1,375× |
| HOUR Hour Loop, Inc. compare | 9.0× |
| NEGG Newegg Commerce, Inc. compare | 4.7× |
| BZUN Baozun Inc. compare | 1.5× |
| NXH Neighborhood Intelligence, Inc. compare | 0.3× |
| SBDS Solo Brands, Inc. compare | −1.1× |
| LITB LightInTheBox Holding Co., Ltd. | −1.8× |
| LOGC ContextLogic Inc. compare | −8.4× |
| MOGU MOGU Inc. Sponsored ADR compare | −15.0× |
What Altman Z-score is
The Altman Z-Score weighs working capital, retained earnings, operating profit, market value and sales against assets and debts to gauge the risk of distress.
1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets