HTLM on Nasdaq
HomesToLife Ltd
HomesToLife Ltd is a retail-furniture stores company, listed on Nasdaq (HTLM).1
Price unavailable
Last updated Oct 21, 2026.
Overview
Compare with LoveSac, Havertys or Arhaus, Inc., or pick any stock.
- TickerHTLM on Nasdaq1
- IndustryRetail-Furniture Stores1
- Business address12 Tai Seng Link, Grc Centre, #03-01A, Singapore, 5342333
- Filer categoryNon-accelerated filer, Emerging growth company3
See how the biggest companies compare on our leaderboards
Company was incorporated in the Cayman Islands on February 16, 2024 under the Companies Act as an exempted company with limited liability.4 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Business segments
Export Sales brought in 93% of the revenue HomesToLife Ltd broke down this way in fiscal 2025.
Business segments by year
| Business segments | 2023 | 2024 | 2025 |
|---|---|---|---|
| Export Sales | $311.1M | $312.0M | $349.6M |
| Leather Trading | $9.8M | $18.5M | $19.2M |
| Retail Sales | $5.1M | $4.6M | $9.1M |
Regions
Europe brought in 60% of the revenue HomesToLife Ltd broke down this way in fiscal 2025.
Regions by year
| Regions | 2023 | 2024 | 2025 |
|---|---|---|---|
| Europe | $194.1M | $196.6M | $225.5M |
| Asia Pacific | $80.1M | $95.8M | $101.6M |
| North America | $51.8M | $42.6M | $50.7M |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue72¢$272.6M
- Other costs22¢$84.6M
- Income tax1¢$4.2M
- Profit4¢$16.6M
Out of $377.9M in revenue.2
Where each dollar of operating cash went, fiscal 2025
- Capital spending8¢$1.1M
- Kept or used elsewhere92¢$12.3M
Out of $13.5M of cash from operations.2
Financial statements
No quarterly figures reported.
Every line of the income statement as filed: the last 3 fiscal years, latest first.2
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Total revenues, net | $377.9M | $335.1M | $326.0M |
| Cost of goods sold | -$272.6M | -$252.0M | -$239.7M |
| Gross profit | $105.3M | $83.0M | $86.2M |
| Sales and distribution expenses | -$66.3M | -$54.7M | -$51.6M |
| General and administrative expenses | -$18.3M | -$17.3M | -$17.4M |
| Listing expenses | -$1.3M | -$1.4M | |
| Total operating expenses | -$85.9M | -$73.5M | -$69.0M |
| Income from operations | $19.4M | $9.5M | $17.2M |
| Interest expense | -$1.4M | -$1.0M | -$881.7K |
| Interest income | $23.1K | $119.3K | $339.4K |
| Government subsidies | $70.0K | $28.0K | $42.3K |
| Foreign exchange (loss) gain, net | $3.5M | $2.2M | -$8.2M |
| Professional fees on acquisition of HTL Marketing | -$1.3M | ||
| Scrap sofa sale income | $414.7K | $562.3K | $696.3K |
| Change in fair value of derivatives financial instruments | -$74.8K | -$403.4K | $2.8M |
| Gain on derecognition of right-of-use asset | $90.4K | ||
| Sundry income (expense) | $22.6K | -$123.4K | $117.0K |
| Total other (expense) income, net | $1.4M | $1.3M | -$5.0M |
| Income before income taxes | $20.8M | $10.8M | $12.2M |
| Income tax expense | -$4.2M | -$2.4M | -$1.9M |
| NET INCOME | $16.6M | $8.4M | $10.3M |
| Foreign currency translation adjustments | $575.7K | -$1.4M | -$712.5K |
| COMPREHENSIVE INCOME | $17.1M | $7.0M | $9.6M |
| Basic | 89.7M shares | 89.7M shares | 88.2M shares |
| Diluted | 89.7M shares | 89.7M shares | 88.2M shares |
| EARNINGS (LOSS) PER SHARE - BASIC | $0.18 | $0.09 | $0.12 |
| EARNINGS (LOSS) PER SHARE - DILUTED | $0.18 | $0.09 | $0.12 |
No quarter-by-quarter statement was filed.
No quarterly figures reported.
Every line of the balance sheet as filed: the last 5 fiscal years (annual) or 6 quarters (quarterly), latest first.2
| Period ending | 2025-12-31 | 2025-08-31 | 2024-12-31 | 2024-02-29 | 2023-12-31 |
|---|---|---|---|---|---|
| Cash and cash equivalents | $27.3M | $24.9M | |||
| Accounts receivable, net (including receivable from related parties of $928,951 and $5,763,509 as of December 31, 2024 and 2025, respectively) | $76.0M | $66.9M | |||
| Inventories, net | $9.6M | $8.0M | |||
| Amounts due from related parties | $7.0M | $2.8M | |||
| Deposit, prepayments and other receivables | $5.9M | $5.1M | |||
| Total current assets | $125.8M | $107.8M | |||
| Property, plant and equipment, net | $4.4M | $3.7M | |||
| Right-of-use assets, net | $7.4M | $6.6M | |||
| Other non-current assets | $1.0M | ||||
| Deferred tax asset, net | $673.4K | $636.6K | |||
| Total non-current assets | $13.4M | $11.0M | |||
| TOTAL ASSETS | $139.2M | $118.8M | |||
| Customer deposits | $1.2M | $853.6K | |||
| Accrued liabilities and other payables | $6.1M | $4.4M | |||
| Short-term borrowings | $10.4M | $15.3M | |||
| Lease liabilities, current | $1.9M | $2.1M | |||
| Warranty liabilities | $2.2M | $2.1M | |||
| Derivatives financial instruments | $74.8K | ||||
| Income tax payable | $4.2M | $2.5M | |||
| Total current liabilities | $105.4M | $102.9M | |||
| Provision for reinstatement cost | $382.1K | $262.5K | |||
| Lease liabilities | $5.6M | $4.9M | |||
| Total long-term liabilities | $6.0M | $5.1M | |||
| TOTAL LIABILITIES | $111.3M | $108.1M | |||
| Ordinary share, $0.0001 par value, 500,000,000 shares authorized,89,687,500 and 89,687,500 shares issued and outstanding as of December 31, 2024 and 2025, respectively | $9.0K | $9.0K | |||
| Additional paid-in capital | $37.2M | $37.2M | |||
| Accumulated other comprehensive loss | -$12.1M | -$12.7M | |||
| (Accumulated losses) retained earnings | $2.8M | -$13.8M | |||
| Total shareholders equity | $27.8M | $10.7M | $12.1M | ||
| TOTAL LIABILITIES AND SHAREHOLDERS EQUITY | $139.2M | $118.8M | |||
| Accounts receivables | $5.8M | $929.0K | |||
| Ordinary Share, par or stated value per share | $0.00 | $0.00 | $0.00 | ||
| Common stock, shares authorized | 500.0M shares | 500.0M shares | 500.0M shares | 100.0M shares | |
| Common stock, shares, outstanding | 89.7M shares | 89.7M shares | |||
| Common stock, shares, issued | 89.7M shares | 89.7M shares |
| Period ending | 2025-12-31 | 2025-08-31 | 2024-12-31 | 2024-02-29 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | $27.3M | $24.9M | ||||
| Accounts receivable, net (including receivable from related parties of $928,951 and $5,763,509 as of December 31, 2024 and 2025, respectively) | $76.0M | $66.9M | ||||
| Inventories, net | $9.6M | $8.0M | ||||
| Amounts due from related parties | $7.0M | $2.8M | ||||
| Deposit, prepayments and other receivables | $5.9M | $5.1M | ||||
| Total current assets | $125.8M | $107.8M | ||||
| Property, plant and equipment, net | $4.4M | $3.7M | ||||
| Right-of-use assets, net | $7.4M | $6.6M | ||||
| Other non-current assets | $1.0M | |||||
| Deferred tax asset, net | $673.4K | $636.6K | ||||
| Total non-current assets | $13.4M | $11.0M | ||||
| TOTAL ASSETS | $139.2M | $118.8M | ||||
| Customer deposits | $1.2M | $853.6K | ||||
| Accrued liabilities and other payables | $6.1M | $4.4M | ||||
| Short-term borrowings | $10.4M | $15.3M | ||||
| Lease liabilities, current | $1.9M | $2.1M | ||||
| Warranty liabilities | $2.2M | $2.1M | ||||
| Derivatives financial instruments | $74.8K | |||||
| Income tax payable | $4.2M | $2.5M | ||||
| Total current liabilities | $105.4M | $102.9M | ||||
| Provision for reinstatement cost | $382.1K | $262.5K | ||||
| Lease liabilities | $5.6M | $4.9M | ||||
| Total long-term liabilities | $6.0M | $5.1M | ||||
| TOTAL LIABILITIES | $111.3M | $108.1M | ||||
| Ordinary share, $0.0001 par value, 500,000,000 shares authorized,89,687,500 and 89,687,500 shares issued and outstanding as of December 31, 2024 and 2025, respectively | $9.0K | $9.0K | ||||
| Additional paid-in capital | $37.2M | $37.2M | ||||
| Accumulated other comprehensive loss | -$12.1M | -$12.7M | ||||
| (Accumulated losses) retained earnings | $2.8M | -$13.8M | ||||
| Total shareholders equity | $27.8M | $10.7M | $12.1M | $15.7M | ||
| TOTAL LIABILITIES AND SHAREHOLDERS EQUITY | $139.2M | $118.8M | ||||
| Accounts receivables | $5.8M | $929.0K | ||||
| Ordinary Share, par or stated value per share | $0.00 | $0.00 | $0.00 | |||
| Common stock, shares authorized | 500.0M shares | 500.0M shares | 500.0M shares | 100.0M shares | ||
| Common stock, shares, outstanding | 89.7M shares | 89.7M shares | ||||
| Common stock, shares, issued | 89.7M shares | 89.7M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.2
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net income | $16.6M | $8.4M | $10.3M |
| Depreciation of property, plant and equipment | $506.4K | $209.0K | $115.8K |
| Amortization of operating right-of-use assets | $2.0M | $1.9M | $1.5M |
| Allowance for obsolete inventories | $84.7K | $279.2K | $434.7K |
| Written-off inventories | -$56.4K | -$54.4K | -$377.5K |
| Provision (benefit) for deferred income taxes | -$37.0K | -$147.0K | $61.7K |
| Provision for allowance for expected credit losses | $196.1K | $3.0K | $102.0K |
| Written-off accounts receivable | -$71.7K | ||
| Provision for warranty liabilities | $6.5M | $6.1M | $4.4M |
| Provision for (reversal of) reinstatement cost | $119.6K | -$46.7K | $251.7K |
| Non-cash lease expense | -$2.1M | -$1.9M | -$1.7M |
| Change in fair value of derivative financial instruments | $74.8K | $403.4K | -$2.8M |
| Written-off property, plant and equipment | $39.8K | $14.4K | $2 |
| Loss on disposal of property, plant and equipment | $1.2K | ||
| Accounts receivables | -$9.3M | -$9.5M | $11.0M |
| Inventories | -$1.6M | -$2.1M | $2.0M |
| Deposit, prepayments, and other receivables | -$708.1K | -$135.8K | -$118.8K |
| Accounts payable | $3.9M | $2.0M | -$1.7M |
| Customer deposits | $342.4K | -$408 | $854.0K |
| Accrued liabilities and other payables | $1.6M | -$60.8K | -$1.2M |
| Warranty liabilities | -$6.4M | -$6.3M | -$5.2M |
| Income tax payable | $1.7M | $1.3M | $1.1M |
| Net cash provided by operating activities | $13.5M | $384.5K | $18.8M |
| Purchase of property, plant and equipment | -$1.1M | -$515.5K | -$275.7K |
| Advance payment for acquisition of long-term investments | -$1.0M | ||
| Net cash used in investing activities | -$2.1M | -$515.5K | -$275.7K |
| Proceeds from short-term borrowings | $56.9M | $40.8M | $35.4M |
| Repayments of short-term borrowings | -$61.7M | -$26.5M | -$54.4M |
| Repayments to related parties | -$21.1M | -$20.4M | -$30.7M |
| Advances from related parties | $12.3M | $20.8M | $27.7M |
| Amounts due from related parties - Reorganization and scrapping | $4.3M | -$11.9M | -$1.4M |
| Dividend paid to common shareholders | -$11.8M | ||
| Net proceeds from initial public offering | $3.6M | ||
| Net cash used in financing activities | -$9.4M | -$5.5M | -$23.3M |
| Effect on exchange rate change on cash and cash equivalents | $450.1K | -$905.5K | -$74.7K |
| Net change in cash and cash equivalents | $2.4M | -$6.6M | -$4.8M |
| Cash paid for income taxes | $2.7M | $1.2M | $734.0K |
| Cash paid for interest | $942.6K | $836.1K | $726.9K |
| Shares issued for common control acquisition | $75.0M | $75.0M | $75.0M |
| Related parties balances under offsetting arrangement upon reorganization | $16.8M | $14.0M | -$712.4K |
No quarter-by-quarter statement was filed.
Corporate structure
HomesToLife Ltd sits at the top of its group. 1 entity on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of HomesToLife Ltd
- Yong Tat Phua Filed SCHEDULE 13D on HomesToLife Ltd, latest Jun 9, 2025
- Golden Hill Capital Ltd. Filed SC 13G on HomesToLife Ltd, latest Oct 9, 2024
- Summer Capital Pte. Ltd. Filed SC 13G on HomesToLife Ltd, latest Oct 9, 2024
- HomesToLife Ltd
Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What HomesToLife Ltd reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Property and equipment, before depreciation | $8.4M2 Dec 31, 2025 | $7.4M2 Dec 31, 2024 | +13.2% |
| Accumulated depreciation | $4.0M2 Dec 31, 2025 | $3.7M2 Dec 31, 2024 | +9.7% |
| Property and equipment, net | $4.4M2 Dec 31, 2025 | $3.7M2 Dec 31, 2024 | +16.6% |
| Operating-lease assets (leased space) | $7.4M2 Dec 31, 2025 | $6.6M2 Dec 31, 2024 | +11.0% |
Investments
Inventory
Leadership
Who has led HomesToLife Ltd, and when. Pick a name to see everywhere that person has worked.
- Chief executive officerMei Ming Phua Mar 18, 2026 to now6
- Chief financial officerZhengjie Chai Mar 18, 2026 to now7
Board members and other officers (4)
- Board memberAi Ming Long Mar 18, 2026 to now8
- Board memberJing Dai Mar 18, 2026 to now9
- Board memberYong Pin Phua Mar 18, 2026 to now10
- Board memberYong Tat Phua Mar 18, 2026 to now11
Timeline
- Mar 18, 2026New chief executive Mei Ming Phua becomes CEO6
Calendar
Coming up
- Nov 16, 2026Reports results for the quarter ending Sep/202612
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
61 filings to the SEC since October 2021: 4 annual reports, 7 insider forms, 3 large holders, 47 other. The latest 20:
- Oct 9, 20266-K EDGAR
- Sep 30, 20266-K EDGAR
- Sep 17, 20266-K EDGAR
- Aug 28, 2026FWP EDGAR
- Aug 25, 2026F-1 EDGAR
- Jun 11, 202620-F/A EDGAR
- May 29, 20266-K EDGAR
- May 5, 20266-K EDGAR
- Apr 10, 20266-K EDGAR
- Mar 27, 20266-K EDGAR
- Mar 23, 20266-K EDGAR
- Mar 23, 202620-F EDGAR
- Mar 18, 20263 EDGAR
- Mar 18, 20263 EDGAR
- Mar 18, 20263 EDGAR
- Mar 18, 20263 EDGAR
- Mar 18, 20263 EDGAR
- Mar 18, 20263 EDGAR
- Mar 18, 20263 EDGAR
- Jan 15, 20266-K EDGAR
The 61 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- Yong Tat PhuaSCHEDULE 13D, 1 filing Jun 9, 202513
- Golden Hill Capital Ltd.SC 13G, 1 filing Oct 9, 202414
- Summer Capital Pte. Ltd.SC 13G, 1 filing Oct 9, 202415
SEC filer profile
How HomesToLife Ltd is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARHomesToLife Ltd1
- CIK0002023153
- Filer statusNon-accelerated filer an emerging growth company; a shell company4
- Incorporated inCayman Islands4
- Industry code (SIC)5712 Retail-Furniture Stores1
- SEC reviewing officeOffice of Trade & Services, Division of Corporation Finance1
- Business address12 Tai Seng Link, Grc Centre, #03-01A, Singapore, 534233, Singapore1
- Phone65 9730 37181
- Shares outstanding89,687,500 shares as of Dec 31, 20254
- AuditorCLA Global TS Public Accounting Corporation, Singapore PCAOB ID 3487; no auditor attestation of internal control over financial reporting4
- On EDGAR sinceMay 31, 20241
- Filings61 in all: 6-K (27), 3 (7), CORRESP (4), UPLOAD (3), 20-F (2), 20-F/A (2), F-1 (2), FWP (2)1
All 19 form types
SC 13G (2), 424B4 (1), 6-K/A (1), 8-A12B (1), CERT (1), DRS (1), DRS/A (1), DRSLTR (1), EFFECT (1), F-1/A (1), SCHEDULE 13D (1)
- Latest filingsAnnual report (20-F) Mar 23, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Ordinary shares, par value $0.0001 per share | HTLM | Nasdaq |
From the cover page of the 20-F filed Mar 23, 2026 (Section 12(b) of the Exchange Act).4
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1SEC EDGARHomesToLife Ltd filings on SEC EDGAR
- 2SEC EDGARHomesToLife Ltd 10-K for fiscal 2025
- 3SEC EDGARHomesToLife Ltd filings on SEC EDGAR
- 4
- 5SEC EDGARHomesToLife Ltd 10-K for fiscal 2022
- 6
- 7
- 8SEC EDGARAi Ming Long, Board member
- 9SEC EDGARJing Dai, Board member
- 10SEC EDGARYong Pin Phua, Board member
- 11SEC EDGARYong Tat Phua, Board member
- 12NasdaqNasdaq calendar
- 13
- 14
- 15