Hour Loop Q1 2026 revenue rises 16% to $29.9 million; net income up to $0.82 million
Hour Loop reported first-quarter 2026 net revenue of $29.9 million, up 16% from $25.8 million a year earlier, and net income of $0.82 million, up from $0.65 million. The company reaffirmed its full-year 2026 net revenue guidance of $143.0 million to $163.0 million and net income guidance of $0.75 million to $1.5 million, but cash used in operating activities rose to $2.2 million and gross margin fell to 53.5%.
Key points
- Net revenues rose 16% to $29.9 million, versus $25.8 million a year earlier.
- Net income was $0.82 million, or $0.02 per diluted share, versus $0.65 million, or $0.02 per diluted share, a year earlier.
- Gross margin fell to 53.5% from 54.7%, mainly due to higher storage fees and inbound costs.
- Cash used in operating activities was $2.2 million, versus $0.0 million a year earlier; cash was $0.9 million as of March 31, 2026, down from $3.8 million at December 31, 2025.
The filing
Written by AI on Nov 9, 2026, 11:44 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 12, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.