HTLM
HTLM
HomesToLife LtdIncome Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q4-2025 | $79.31M ▼ | $18.34M ▼ | $2.62M ▼ | 3.3% ▼ | $0.03 ▼ | $4.16M ▼ |
| Q3-2025 | $94.3M ▼ | $21.37M ▼ | $3.13M ▼ | 3.32% ▼ | $0.21 ▼ | $4.51M ▼ |
| Q2-2025 | $135.03M ▲ | $30.48M ▲ | $7.61M ▲ | 5.64% ▲ | $0.67 ▲ | $9.9M ▲ |
| Q1-2025 | $3.88M ▲ | $863.03K ▼ | $92.66K ▲ | 2.39% ▲ | $0.01 ▲ | $162.79K ▼ |
| Q2-2024 | $2.01M | $1.17M | $-456.27K | -22.7% | $-0.03 | $270.42K |
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q4-2025 | $21.21M ▼ | $108.23M ▼ | $86.58M ▼ | $21.65M ▼ |
| Q3-2025 | $21.75M ▲ | $122.51M ▼ | $97.61M ▼ | $24.9M ▲ |
| Q2-2025 | $20.07M ▲ | $127.05M ▲ | $104.95M ▲ | $22.1M ▲ |
| Q1-2025 | $3.94M ▲ | $12.11M ▲ | $8.53M ▲ | $3.58M ▲ |
| Q4-2024 | $3.44M | $8.62M | $5.17M | $3.44M |
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q4-2025 | $-454.88K ▼ | $6.22M ▼ | $-1.06M ▼ | $266.26K ▲ | $-508.64K ▼ | $5.35M ▼ |
| Q3-2025 | $3.13M ▼ | $15.3M ▲ | $-14.34K ▲ | $-13.39M ▼ | $21.72M ▲ | $15.86M ▲ |
| Q2-2025 | $4.99M ▼ | $-5.6M ▲ | $-277.9K ▲ | $2.97M ▼ | $0 | $-5.88M ▲ |
| Q1-2025 | $5M ▲ | $-5.61M ▼ | $-278.23K ▼ | $2.98M ▲ | $0 ▲ | $-5.89M ▼ |
| Q2-2024 | $-456K | $-907.14K | $-104.35K | $-566.79K | $-1.58M | $-1.01M |
5-Year Trend Analysis
A comprehensive look at HomesToLife Ltd's financial evolution and strategic trajectory over the past five years.
The company enters public markets with a profitable, cash‑generative business backed by a conservative balance sheet and net cash. Its vertically integrated supply chain, global distribution network, and strong brand heritage create a solid operating base. Customization capabilities and early moves into smart, technology‑enhanced furniture further differentiate it from many traditional competitors and support the potential for premium positioning and customer loyalty.
Key risks include the lack of a visible multi‑year financial track record, limited explicit R&D spending, and dependence on receivables and working capital management. The furniture and home sector is cyclical and highly competitive, and the push into smart products introduces new technological and execution challenges. The relatively modest equity base also means that setbacks or downturns could affect balance sheet strength more quickly than in more heavily capitalized peers.
On balance, the outlook appears cautiously constructive but unproven. HomesToLife has demonstrated that its current model can generate profit and free cash flow while maintaining a strong liquidity position, providing room to invest and adapt. The long‑term story will hinge on its ability to convert its smart‑home and global expansion strategies into sustained revenue growth and stable or improving margins. Until more years of data accumulate, the company should be viewed as a financially sound but still emerging platform where execution on innovation and international growth will largely determine future performance.
About HomesToLife Ltd
https://www.homestolife.comHomesToLife Ltd. engages in the retail of home furniture and sale of customized furniture solutions. Its products include leather and fabric upholstered furniture, case goods, and accessories. The company was founded by Yong Pin Phua and Yong Tat Phua in September 1989 and is headquartered in Singapore.
Income Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q4-2025 | $79.31M ▼ | $18.34M ▼ | $2.62M ▼ | 3.3% ▼ | $0.03 ▼ | $4.16M ▼ |
| Q3-2025 | $94.3M ▼ | $21.37M ▼ | $3.13M ▼ | 3.32% ▼ | $0.21 ▼ | $4.51M ▼ |
| Q2-2025 | $135.03M ▲ | $30.48M ▲ | $7.61M ▲ | 5.64% ▲ | $0.67 ▲ | $9.9M ▲ |
| Q1-2025 | $3.88M ▲ | $863.03K ▼ | $92.66K ▲ | 2.39% ▲ | $0.01 ▲ | $162.79K ▼ |
| Q2-2024 | $2.01M | $1.17M | $-456.27K | -22.7% | $-0.03 | $270.42K |
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q4-2025 | $21.21M ▼ | $108.23M ▼ | $86.58M ▼ | $21.65M ▼ |
| Q3-2025 | $21.75M ▲ | $122.51M ▼ | $97.61M ▼ | $24.9M ▲ |
| Q2-2025 | $20.07M ▲ | $127.05M ▲ | $104.95M ▲ | $22.1M ▲ |
| Q1-2025 | $3.94M ▲ | $12.11M ▲ | $8.53M ▲ | $3.58M ▲ |
| Q4-2024 | $3.44M | $8.62M | $5.17M | $3.44M |
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q4-2025 | $-454.88K ▼ | $6.22M ▼ | $-1.06M ▼ | $266.26K ▲ | $-508.64K ▼ | $5.35M ▼ |
| Q3-2025 | $3.13M ▼ | $15.3M ▲ | $-14.34K ▲ | $-13.39M ▼ | $21.72M ▲ | $15.86M ▲ |
| Q2-2025 | $4.99M ▼ | $-5.6M ▲ | $-277.9K ▲ | $2.97M ▼ | $0 | $-5.88M ▲ |
| Q1-2025 | $5M ▲ | $-5.61M ▼ | $-278.23K ▼ | $2.98M ▲ | $0 ▲ | $-5.89M ▼ |
| Q2-2024 | $-456K | $-907.14K | $-104.35K | $-566.79K | $-1.58M | $-1.01M |
5-Year Trend Analysis
A comprehensive look at HomesToLife Ltd's financial evolution and strategic trajectory over the past five years.
The company enters public markets with a profitable, cash‑generative business backed by a conservative balance sheet and net cash. Its vertically integrated supply chain, global distribution network, and strong brand heritage create a solid operating base. Customization capabilities and early moves into smart, technology‑enhanced furniture further differentiate it from many traditional competitors and support the potential for premium positioning and customer loyalty.
Key risks include the lack of a visible multi‑year financial track record, limited explicit R&D spending, and dependence on receivables and working capital management. The furniture and home sector is cyclical and highly competitive, and the push into smart products introduces new technological and execution challenges. The relatively modest equity base also means that setbacks or downturns could affect balance sheet strength more quickly than in more heavily capitalized peers.
On balance, the outlook appears cautiously constructive but unproven. HomesToLife has demonstrated that its current model can generate profit and free cash flow while maintaining a strong liquidity position, providing room to invest and adapt. The long‑term story will hinge on its ability to convert its smart‑home and global expansion strategies into sustained revenue growth and stable or improving margins. Until more years of data accumulate, the company should be viewed as a financially sound but still emerging platform where execution on innovation and international growth will largely determine future performance.

CEO
Mei Ming Phua
Compensation Summary
(Year )
Ratings Snapshot
Rating : B+

