Hour Loop, Inc. (NASDAQ: HOUR) reported its financial results for the three and nine months ended September 30, 2026, in a Form 8-K filed on November 12, 2026. The company reported a decrease in net revenue for the third quarter of 2026, while maintaining profitability.
For the third quarter of 2026, net revenues were $32.1 million, a decrease of 4% compared to $33.4 million in the same period last year. This decrease was primarily attributed to lower order volume and lower inventory levels. The company reported a net income of $0.4 million for the quarter, or $0.01 per diluted share, down from $0.5 million, or $0.02 per diluted share, in the prior year.
For the nine months ended September 30, 2026, net revenues increased 11% to $95.9 million, compared to $86.4 million in the year-ago period. However, net income for the nine months decreased to $2.3 million, compared to $2.4 million for the year-ago period.
Hour Loop narrowed its guidance for the full year 2026. The company now anticipates 2026 net revenue to be in the range of $147.0 million to $152.0 million, representing 3% to 6% year-over-year growth. The company continues to expect 2026 net income to be in the range of $0.75 million to $1.5 million.
As of September 30, 2026, the company had $1.1 million in cash and cash equivalents, a decrease from $3.8 million as of December 31, 2025. The company stated that the decrease was primarily driven by investment in inventory ahead of the holiday season.
CEO Sam Lai commented on the results, noting that the company grew net revenues 11% and earned $2.3 million in net income through the first nine months of 2026. He stated that the company made a deliberate choice to protect margins rather than chase low-quality sales and emphasized the integration of AI agents into core operations, including purchasing, advertising, and customer service.
