Form 8-K

8-K — Hour Loop, Inc

Accession: 0001493152-26-022487

Filed: 2026-05-12

Period: 2026-05-12

CIK: 0001874875

SIC: 5961 (RETAIL-CATALOG & MAIL-ORDER HOUSES)

Item: Results of Operations and Financial Condition

Item: Financial Statements and Exhibits

Documents

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UNITED

STATES

SECURITIES

AND EXCHANGE COMMISSION

WASHINGTON,

D.C. 20549

FORM

8-K

CURRENT

REPORT

Pursuant

to Section 13 or 15(d) of

the

Securities Exchange Act of 1934

Date

of report (Date of earliest event reported): May 12, 2026

HOUR

LOOP, INC.

(Exact

name of registrant as specified in its charter)

Delaware

001-41204

47-2869399

(State

or other jurisdiction

incorporation)

(Commission

File

Number)

(I.R.S.

Employer

Identification

Number)

8201

164th Ave NE #200, Redmond, WA 98052-7615

(Address

of principal executive offices)

(206)

385-0488 ext. 100

(Registrant’s

telephone number, including area code)

N/A

(Former

name or former address, if changed since last report)

Check

the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under

any of the following provisions (see General Instruction A.2.)

☐

Written

communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐

Soliciting

material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐

Pre-commencement

communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐

Pre-commencement

communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities

registered pursuant to Section 12(b) of the Act:

Title

of each class

Trading

Symbol(s)

Name

of each exchange on which registered

Common

Stock

HOUR

The

Nasdaq Capital Market

Indicate

by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405)

or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

Emerging

growth company ☐

an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying

with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item

2.02. Results of Operations and Financial Condition.

May 12, 2026, Hour Loop, Inc. (the “Company”) issued a press release announcing its financial and operational results for

the quarter ended March 31, 2026, and reaffirming net revenue and net income guidance for the year ending December 31, 2026. A copy of

this press release is attached hereto as Exhibit 99.1 and incorporated herein by reference. The information contained in the website

is not a part of this current report on Form 8-K.

accordance with General Instruction B.2 of Form 8-K, the information included in this Item 2.02, including Exhibit 99.1, shall not be

deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”),

or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated by reference in any filing

under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such

a filing.

Item

9.01. Financial Statements and Exhibits.

(d)

Exhibits.

Exhibit

No.

Description

99.1

Press release issued by the registrant on May 12, 2026.

104

Cover

Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant

to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by

the undersigned hereunto duly authorized.

HOUR

LOOP, INC.

Dated:

May 12, 2026

By:

/s/

Sam Lai

Name:

Sam

Lai

Title:

Chief

Executive Officer and Interim Chief Financial Officer

EX-99.1

Filename: ex99-1.htm · Sequence: 2

Exhibit

99.1

Hour

Loop Reports First Quarter of 2026 Results

Continued

Profitability Despite a Challenging Economic Environment

Redmond,

WA, May 12, 2026 – Hour Loop, Inc. (NASDAQ: HOUR) (“Hour Loop” or the “Company”), a leading online

retailer, announces its financial and operational results for the quarter ended March 31, 2026.

Financial

Highlights for First Quarter of 2026:

● Net

revenues increased 16% to $29.9 million, compared to $25.8 million in the year-ago period;

● Net

income increased to $0.82 million, compared to $0.65 million in the year-ago period; and

● Cash

used in operating activities was $2.2 million, compared to cash used in operating activities

of $0.0 million in the year-ago period.

Management

Commentary

“We

are pleased to share our first quarter 2026 financial results as we kicked off the year with strong momentum,” said Sam Lai, CEO

and interim CFO of Hour Loop. “Revenue grew 16% year-over-year, supported by solid demand, stronger execution and the continued

strength of our operating strategy.”

“Gross

margin was modestly lower compared to the year-ago period, primarily due to higher inbound costs and storage fees, as we took a more

proactive approach to inventory purchasing following the discontinuation of the platform’s labeling service. While this approach

resulted in higher inventory levels, we believe maintaining a stronger inventory position is important to supporting product availability

and more stable sales performance over time.”

“We

also remained disciplined in managing operating expenses, which increased only 12% year-over-year. This reflects our continued focus

on operational efficiency and our ability to support business growth while maintaining cost control. While this strategy also resulted

in a significant increase in inventory levels, we believe the enhanced inventory position supports improved product availability and

more stable sales performance going forward.”

“We

would like to thank our team members around the world for their continued dedication and contributions, as well as our shareholders for

their continued trust and support. We remain focused on reinforcing the foundation we have built, while positioning the Company for future

opportunities. We believe that everything we are doing today—strengthening our operations, improving efficiency, expanding opportunities

and maintaining financial discipline—represents a critical building block for sustainable growth and long-term value creation.”

First

Quarter of 2026 Financial Results

Net revenues in the first quarter of 2026 were $29.9 million, compared to $25.8 million in the same period last year. The increase was

primarily driven by expanded inventory availability, which supported improved product availability and sales execution.

Gross

profit as a percentage of net revenues decreased to 53.5%, compared to 54.7% in the same period last year. The decrease was mainly driven

by higher storage fees and inbound costs resulting from increased purchasing activity and a larger inventory base.

Operating

expenses as a percentage of net revenues in the first quarter of 2026 decreased to 49.7%, compared to 51.2% in the same period last year.

The decrease was mainly attributable to greater operating leverage and continued efficiency improvements.

Net

income in the first quarter of 2026 was $0.82 million, or $0.02 per diluted share, compared to net income of $0.65 million, or $0.02

per diluted share, in the same period last year. The increase was driven by increased costs and decreased expenses because of the reasons

mentioned above.

of March 31, 2026, the Company had $0.9 million in cash and cash equivalents, compared to $3.8 million as of December 31, 2025. This

decrease was driven by payments to related parties and additional investment in inventory.

Full

Year 2026 Financial Outlook

Hour

Loop reaffirms its guidance for the full year, anticipating 2026 net revenue to be in the range of $143.0 million to $163.0 million,

representing flat to 15% 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.

About

Hour Loop, Inc.

Hour

Loop is an online retailer engaged in e-commerce retailing in the U.S. market. It has operated as a third-party seller on www.amazon.com

and has sold merchandise on its website at www.hourloop.com since 2013. Hour Loop further expanded its operations to other

marketplaces such as Walmart, eBay, and Etsy. To date, Hour Loop has generated practically all its revenue as a third-party seller on

www.amazon.com and only a negligible amount of revenue from its own website and other marketplaces. Hour Loop manages more

than 100,000 stock-keeping units (“SKUs”). Product categories include home/garden décor, toys, kitchenware, apparel,

and electronics. Hour Loop’s primary strategy is to bring most of its vendors’ product selections to the customers. It has

advanced software that assists Hour Loop in identifying product gaps so it can keep such products in stock year-round, including the

entirety of the last quarter (holiday season) of the calendar year. In upcoming years, Hour Loop plans to expand its business rapidly

by increasing the number of business managers, vendors, and SKUs.

Forward-Looking

Statements

This

press release contains statements that constitute “forward-looking statements,” including with respect to Hour Loop’s

business strategy, product development and industry trends. Forward-looking statements are subject to numerous conditions, many of which

are beyond the control of Hour Loop. While Hour Loop believes these forward-looking statements are reasonable, undue reliance should

not be placed on any such forward-looking statements, which are based on information available to Hour Loop on the date of this release.

These forward-looking statements are based upon current estimates and assumptions and are subject to various risks and uncertainties,

including, without limitation, those set forth in Hour Loop’s filings with the Securities and Exchange Commission, as the same

may be updated from time to time. Thus, actual results could be materially different. Hour Loop undertakes no obligation to update these

statements whether as a result of new information, future events or otherwise, after the date of this release, except as required by

law.

Investor

Contact

Finance

Department, Hour Loop, Inc.

finance@hourloop.com

HOUR

LOOP, INC.

CONSOLIDATED

BALANCE SHEETS

(In

U.S. Dollars, except for share and per share data)

of March 31, 2026 and December 31, 2025

(Unaudited)

March 31, 2026

December 31, 2025

ASSETS

Current assets

Cash

$ 992,886

$ 3,792,033

Accounts receivable, net

865,136

235,959

Inventory, net

21,087,764

18,298,935

Prepaid expenses and other current assets

815,044

619,261

Total current assets

23,760,830

22,946,188

Property and equipment, net

87,666

95,917

Deferred tax assets

398,429

609,964

Operating lease right-of-use lease assets

145,424

169,368

Total non-current assets

631,519

875,249

TOTAL ASSETS

$ 24,392,349

$ 23,821,437

LIABILITIES AND STOCKHOLDERS’ EQUITY

Current liabilities

Accounts payable

$ 9,784,011

$ 6,200,526

Credit cards payable

3,068,467

3,707,976

Short-term loan

626,076

637,348

Operating lease liabilities-current

90,728

92,362

Income taxes payable

105,962

51,147

Accrued expenses and other current liabilities

764,060

2,226,387

Due to related parties

2,060,418

3,810,418

Total current liabilities

16,499,722

16,726,164

Non-current liabilities

Operating lease liabilities-non-current

60,081

83,271

Deferred tax liabilities

17,822

18,143

Total non-current liabilities

77,903

101,414

Total liabilities

16,577,625

16,827,578

Commitments and contingencies

Stockholders’ equity

Preferred stock: $0.0001 par value, 10,000,000 shares authorized, none issued and outstanding as of March 31, 2026 and December 31, 2025

Common stock: $0.0001 par value, 300,000,000 shares authorized, 35,183,890 and 35,176,320 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively

3,518

Additional paid-in capital

5,877,682

5,862,683

Retained earnings

1,933,156

1,109,674

Accumulated other comprehensive income

368

17,984

Total stockholders’ equity

7,814,724

6,993,859

TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY

$ 24,392,349

$ 23,821,437

The

accompanying footnotes are an integral part of these unaudited consolidated financial statements.

HOUR

LOOP, INC.

CONSOLIDATED

STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME

(In

U.S. Dollars, except for share and per share data)

For

the Three Months Ended March 31, 2026 and 2025

(Unaudited)

Three Months Ended March 31,

2026

2025

Revenues, net

$ 29,930,342

$ 25,837,090

Cost of revenues

(13,912,567 )

(11,691,792 )

Gross profit

16,017,775

14,145,298

Operating expenses

Selling and marketing

12,598,641

11,246,997

General and administrative

2,277,006

1,977,436

Total operating expenses

14,875,647

13,224,433

Income from operations

1,142,128

920,865

Other (expense) income

(1,808 )

301

Interest expense

(33,938 )

(47,055 )

Other income

26,758

61,825

Total other (expense) income, net

(8,988 )

15,071

Income before income taxes

1,133,140

935,936

Income tax expense

(309,658 )

(281,419 )

Net income

823,482

654,517

Other comprehensive loss

Foreign currency translation adjustments

(17,616 )

(13,536 )

Total comprehensive income

$ 805,866

$ 640,981

Basic and diluted earnings per common share

$ 0.02

Weighted-average number of common shares outstanding

35,183,554

35,151,351

The

accompanying footnotes are an integral part of these unaudited consolidated financial statements.

HOUR

LOOP, INC.

CONSOLIDATED

STATEMENTS OF CASH FLOWS

(In

U.S. Dollars)

For

the Three Months Ended March 31, 2026 and 2025

(Unaudited)

Three Months Ended March 31,

2026

2025

Cash flows from operating activities

Net income

$ 823,482

$ 654,517

Reconciliation of net income to net cash used in operating activities:

Depreciation expenses

12,245

14,126

Amortization of operating lease right-of-use lease assets

21,038

55,383

Deferred tax assets

211,535

238,899

Stock-based compensation

14,999

15,000

Inventory allowance

409,455

497,347

Unrealized foreign exchange gain

(35,568 )

(24,826 )

Changes in operating assets and liabilities:

Accounts receivable

(629,177 )

1,256,305

Inventory

(3,198,284 )

(1,746,197 )

Prepaid expenses and other current assets

(195,783 )

(286,791 )

Accounts payable

3,583,485

2,683,231

Credit cards payable

(639,509 )

(985,515 )

Accrued expenses and other current liabilities

(2,612,327 )

(2,338,386 )

Operating lease liabilities

(21,809 )

(56,984 )

Income taxes payable

54,815

Net cash used in operating activities

(2,201,403 )

(23,891 )

Cash flows from investing activities:

Purchases of property and equipment

(5,662 )

(720 )

Net cash used in investing activities

(5,662 )

(720 )

Cash flows from financing activities:

Payments to related parties

(600,000 )

(839,000 )

Net cash used in financing activities

(600,000 )

(839,000 )

Effect of changes in foreign currency exchange rates

7,918

4,152

Net change in cash

(2,799,147 )

(859,459 )

Cash at beginning of period

3,792,033

2,119,581

Cash at end of period

$ 992,886

$ 1,260,122

Supplemental disclosures of cash flow information:

Cash paid for interest

$ 5,302

$ 4,986

Cash paid for income tax

$ 2,630

$ 6,230

The

accompanying footnotes are an integral part of these unaudited consolidated financial statements.

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