---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-045884"
form_type: "8-K"
ticker: "TTSH"
cik: "0001552800"
company_name: "TILE SHOP HOLDINGS, INC."
filed_at: "2025-05-08T23:59:59+00:00"
generated_at: "2026-05-22T04:16:38.227268+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Tile Shop Q1 net income plunges 90% to $0.2M; revenue down 4.1%

## Summary
- Net sales of $88.0M down 4.1% YoY; comparable store sales down 4.0% on lower traffic.
- Net income of $172K ($0.00 diluted EPS) vs $1.7M ($0.04) a year ago; adjusted EBITDA $4.6M (5.2% of sales) vs $7.4M (8.1%).
- Gross margin improved 20 bps to 66.0% on lower inventory write-offs, partly offset by higher delivery costs.
- Ended quarter with $27.1M cash and no debt on $75M credit line; cash up from $21.0M at Dec 2024.
- CEO cites U.S. tariff changes as cost pressure; evaluating sourcing adjustments and pricing strategies.

## SEC filing metadata
- accession: 0001104659-25-045884
- form_type: 8-K
- ticker: TTSH
- cik: 0001552800
- company_name: TILE SHOP HOLDINGS, INC.
- filed_at: 2025-05-08T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1552800/000110465925045884/0001104659-25-045884-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1552800/000110465925045884/tm2514327d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-045884
- JSON: https://secwatch.observer/filing/0001104659-25-045884.json
- Plain text: https://secwatch.observer/filing/0001104659-25-045884.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.