LightInTheBox Holding (LITB) Research & Development (2012 - 2025)
LightInTheBox Holding (LITB) posted quarterly Research & Development of -$26.6 million for Q4 2025, down 15.04% year-over-year from -$31.3 million in Q4 2024, and down 1.82% quarter-over-quarter from -$26.1 million in Q3 2025.
LightInTheBox Holding (LITB) Research & Development (2012 - 2025) Analysis & Trends
LightInTheBox Holding (LITB) has reported Research & Development for 14 consecutive years, with -$26.6 million the latest figure, recorded in Q4 2025.
- In Q4 2025, Research & Development fell 15.04% year-over-year to -$26.6 million; the TTM figure through Dec 2025 stood at -$102.5 million (up 8.42% YoY), while the FY2025 annual figure was $102.5 million, down 8.42% from the prior year.
- Research & Development fell to -$26.6 million in Q4 2025 per LITB's latest filing, from -$26.1 million in the prior quarter.
- Across five years, Research & Development topped out at -$21.9 million in Q1 2025 and bottomed at -$94.0 million in Q2 2023.
- Historically, Research & Development has averaged -$44.7 million across 5 years, with a median of -$37.3 million in 2021.
- Annual changes were most pronounced in 2021 — Research & Development slumped 140.81% — and 2024, when it jumped 66.76%.
- LightInTheBox Holding's Research & Development stood at -$41.1 million in 2021, then sank by 76.0% to -$72.3 million in 2022, then increased by 8.97% to -$65.8 million in 2023, then soared by 64.83% to -$23.1 million in 2024, then slipped by 15.04% to -$26.6 million in 2025.
- Business Quant data shows LITB's Research & Development at -$26.6 million in Q4 2025, -$26.1 million in Q3 2025, and -$27.8 million in Q2 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,932.40 Bn | 2,809.41 Bn | 198.88 Bn | 62.73 Bn |
| 2 | PDD Holdings | 506.93 Bn | 447.39 Bn | 9.83 Bn | -714.26 Mn |
| 3 | Mercadolibre | 97.34 Bn | 82.14 Bn | 4.16 Bn | 1.13 Bn |
| 4 | DoorDash | 93.09 Bn | 87.74 Bn | 2.35 Bn | 821.00 Mn |
| 5 | JD.com | 87.36 Bn | 58.18 Bn | 7.66 Bn | -995.00 Mn |
| 6 | Sea | 77.79 Bn | 69.27 Bn | 3.15 Bn | -1.41 Bn |
| 7 | Ebay | 47.69 Bn | 44.38 Bn | 2.30 Bn | 697.00 Mn |
| 8 | Coupang | 29.62 Bn | 23.51 Bn | 2.49 Bn | - |
| 9 | Zkh | 16.25 Bn | 16.25 Bn | 51.11 Mn | -4.25 Mn |
| 10 | LightInTheBox Holding | 664.83 Mn | 662.51 Mn | 39.34 Mn | -26.61 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -26.61 Mn |
| Sep 30, 2025 | -26.14 Mn |
| Jun 30, 2025 | -27.85 Mn |
| Mar 31, 2025 | -21.90 Mn |
| Dec 31, 2024 | -23.14 Mn |
| Sep 30, 2024 | -24.52 Mn |
| Jun 30, 2024 | -31.53 Mn |
| Mar 31, 2024 | -32.74 Mn |
| Dec 31, 2023 | -65.79 Mn |
| Sep 30, 2023 | -73.76 Mn |
| Jun 30, 2023 | -94.04 Mn |
| Mar 31, 2023 | -69.11 Mn |
| Dec 31, 2022 | -72.27 Mn |
| Sep 30, 2022 | -53.10 Mn |
| Jun 30, 2022 | -58.23 Mn |
| Mar 31, 2022 | -39.03 Mn |
| Dec 31, 2021 | -41.06 Mn |
| Sep 30, 2021 | -33.99 Mn |
| Jun 30, 2021 | -43.53 Mn |
| Mar 31, 2021 | -35.59 Mn |