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TTSH

Tile Shop Holdings, Inc.

TTSH

Tile Shop Holdings, Inc. • NASDAQ
$6.47 ▲ 1.97% (+0.13)
Market Cap $289.53 M
52w High $7.75
52w Low $4.62
Dividend Yield 0%
P/E -161.87
Volume 347.55K
Outstanding Shares 44.72M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $83.064M ▼ $50.534M ▼ $-1.614M ▼ -1.943% ▼ $-0.037 ▼ $1.749M ▼
Q2-2025 $88.26M ▲ $56.401M ▼ $392K ▲ 0.444% ▲ $0.01 $4.63M ▲
Q1-2025 $88.009M ▲ $57.887M ▲ $172K ▲ 0.195% ▲ $0.01 ▲ $4.188M ▲
Q4-2024 $79.454M ▼ $51.863M ▼ $-628K ▼ -0.79% ▼ $-0.014 ▼ $3.09M ▼
Q3-2024 $84.505M $55.978M $41K 0.049% $0.001 $4.708M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $24.145M ▼ $315.441M ▼ $192.882M ▼ $122.559M ▼
Q2-2025 $27.758M ▲ $324.11M ▼ $200.233M ▼ $123.877M ▲
Q1-2025 $27.059M ▲ $324.792M ▲ $201.597M ▲ $123.195M ▲
Q4-2024 $20.957M ▼ $319.603M ▼ $196.691M ▼ $122.912M ▼
Q3-2024 $25.058M $320.704M $197.472M $123.232M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-1.614M ▼ $-2.23M ▼ $-1.383M ▲ $0 ▲ $-3.613M ▼ $-3.682M ▼
Q2-2025 $392K ▲ $3.493M ▼ $-2.777M ▲ $-17K ▲ $699K ▼ $645K ▼
Q1-2025 $172K ▲ $9.994M ▲ $-3.625M ▼ $-267K ▼ $6.102M ▲ $6.369M ▲
Q4-2024 $-628K ▼ $-1.404M ▼ $-2.675M ▲ $-22K ▼ $-4.101M ▼ $-4.181M ▼
Q3-2024 $41K $5.059M $-5.404M $-18K $-283K $-445K

Five-Year Company Overview

Income Statement

Income Statement Tile Shop has stayed profitable over the past several years, but earnings have been thin and recently softened. Sales grew coming out of 2020, peaked a couple of years ago, and have edged down since, reflecting a tougher home improvement environment. Gross profitability remains solid, suggesting the core product economics are attractive, but operating profit has been squeezed and is now close to breakeven. This points to pressure from slower demand, costs, or both. Overall, the business is not losing money in a big way, but it has very little cushion if conditions worsen, and recent earnings trends are weaker than in the mid‑period of this five‑year window.

Balance Sheet

Balance Sheet The balance sheet looks fairly steady over the past five years, with total assets and equity moving within a narrow range. Debt is meaningful but not extreme and has come down from its recent peak, which helps reduce financial risk. Cash levels are modest, so the company does not appear to be sitting on a large liquidity buffer, but it also is not overly stretched. In simple terms, the balance sheet appears balanced but not overly conservative: adequate for a stable business, yet leaving limited room for major missteps or sudden shocks without further action.

Cash Flow

Cash Flow Cash generation from day‑to‑day operations has generally been positive, though it dipped noticeably in one of the middle years. Free cash flow has been mostly positive as well, helped by relatively modest capital spending needs. This pattern suggests the business can typically fund its own store investments and digital upgrades without relying heavily on new borrowing. However, the wobble in cash flow during the weaker year is a reminder that cash generation is sensitive to swings in demand and profitability, so stability is not guaranteed if the environment stays soft.

Competitive Edge

Competitive Edge Tile Shop occupies a focused niche within home improvement, centered on tile and related materials rather than the full big‑box assortment. Its strengths lie in a curated, design‑driven showroom experience, exclusive house brands, and direct sourcing from manufacturers and quarries, which can support differentiation and margins. Free in‑store design help and extensive product displays create a more high‑touch feel than generalist competitors. At the same time, the company competes in a cyclical, highly competitive market against large chains and online options, so its boutique positioning and proprietary assortment are important tools to defend pricing and customer loyalty, but they do not fully insulate it from housing and remodeling slowdowns.

Innovation and R&D

Innovation and R&D While not a traditional R&D‑heavy company, Tile Shop has been active on the innovation side, especially in digital and merchandising. The shift to a modern, flexible e‑commerce architecture and migration of core systems to the cloud gives it faster website performance, quicker feature launches, and better integration between online and store experiences. On the product and brand side, exclusive designer collaborations and proprietary labels aim to lift average order values, support premium pricing, and keep assortments fresh. These moves indicate a strategy focused on using technology and unique design partnerships rather than pure price competition, though the long‑term payback will depend on consistent execution and customer adoption.

Summary

Overall, Tile Shop looks like a niche, design‑oriented retailer with a stable but modest financial profile and earnings that have recently come under pressure. The company benefits from a differentiated in‑store experience, proprietary products, and meaningful investment in modern digital infrastructure, which together create a clearer identity than many commodity‑style retailers. On the other hand, limited profit margins, modest cash buffers, and exposure to housing and remodeling cycles are important risk factors. Future performance will likely hinge on whether its digital transformation and exclusive designer strategy can translate into more resilient sales and stronger, more durable profitability in a challenging home improvement market.

NEWS

November 4, 2025 · 4:05 PM UTC

The Tile Shop Reports Third Quarter 2025 Results

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October 30, 2025 · 8:59 PM UTC

The Tile Shop to Report Third Quarter 2025 Financial Results

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October 6, 2025 · 4:05 PM UTC

Tile Shop's Board of Directors Approves Plan to Terminate Registration of Its Common Stock

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