HomesToLife Ltd.
Key statistics
from XBRL data in SEC filingsAI briefing
from the latest 10-K, 10-Q and 8-K eventsHomesToLife Ltd is a Singapore-based furniture retailer and leather trader that has scaled rapidly since 2023, ending 2025 with $377.9 million in revenue and $16.6 million in net income.
What they do
HomesToLife operates retail furniture sales, export sales, and leather trading through subsidiaries across Singapore, France, Australia, South Korea, Japan, the UK, and Taiwan. Its brands include HomesToLife, New Century Furniture, and HTL, with operations spanning retail stores, wholesale/export, and leather sourcing. The company is incorporated in the Cayman Islands and listed on Nasdaq under the ticker HTLM.
Revenue drivers
- Retail Sales — Revenue from company-operated furniture stores, primarily in Singapore and other Asian markets, representing the core consumer-facing segment.
- Export Sales — Wholesale furniture sales to international customers, including distributors and retailers in Europe, Australia, and other regions.
- Leather Trading — Trading of leather and related raw materials, a smaller but distinct revenue stream that complements the furniture manufacturing supply chain.
- Shipping and Handling — Fees charged to customers for delivery and logistics services, recognized at the point of sale.
Recent performance
Revenue grew to $377.9 million in 2025, up from $335.1 million in 2024 and $326.0 million in 2023. Net income was $16.6 million in 2025, compared to $8.4 million in 2024 and $10.3 million in 2023. Diluted EPS rose to $0.18 in 2025 from $0.09 in 2024. Operating cash flow was $13.5 million in 2025, a significant recovery from $0.4 million in 2024. The balance sheet at year-end 2025 showed $27.3 million in cash, $139.2 million in total assets, and $111.3 million in total liabilities.
Strategy
Management completed the acquisition of New Century International Homes Pte Ltd in May 2025, expanding the company's portfolio and geographic reach. The company continues to invest in its multi-brand strategy across retail, export, and leather trading segments. It maintains operations in key markets including Singapore, France, Australia, South Korea, Japan, the UK, and Taiwan. Management's focus is on growing revenue through both organic store expansion and strategic acquisitions.
Risks
- Geographic Concentration — A significant portion of revenue is derived from Singapore and other Asian markets, exposing the company to regional economic and political risks.
- Foreign Exchange Volatility — With operations in multiple currencies including SGD, AUD, EUR, JPY, KRW, and GBP, fluctuations in exchange rates can materially affect reported results.
- Supply Chain and Raw Material Costs — The furniture and leather businesses depend on stable sourcing of raw materials and shipping; disruptions could pressure margins.
- Integration of Acquisitions — The recent acquisition of New Century International Homes Pte Ltd presents execution and integration risks that could impact future performance.
Outlook
Management does not provide specific guidance in the filing excerpts. The company's recent acquisition and multi-market presence suggest a continued focus on expanding its retail and export footprint. Future performance will depend on consumer demand in its key markets and the successful integration of acquired operations.