Tile Shop (TTSH) AI Stock Analysis

Tile Shop

(Other OTC:TTSH)

Select Model

Rating:38Underperform

Price Target:$2.00▲(12.99% Upside)

Action:reiterated

Date:10/29/26

Weak financial performance from revenue declines, losses, and high leverage is the primary driver, compounded by bearish technical signals and unattractive valuation.

Positive Factors

Broad Specialty Retail ModelThe broad product range allows The Tile Shop to address complete flooring and wall-surface projects rather than isolated product needs. Serving both consumers and professionals also diversifies demand and supports larger project baskets across its showroom-based sales model.

Negative Factors

Revenue and Profitability PressurePersistent top-line pressure combined with negative operating and net margins weakens the company’s earnings base. Profitability has deteriorated materially from 2021–2023 levels, reducing reinvestment capacity and leaving less cushion if demand remains soft.

Tile Shop Key Performance Indicators (KPIs)

Revenue by Product Category

Chart Insights

Data provided by:

The Fly

Tile Shop (TTSH) vs. SPDR S&P 500 ETF (SPY)

Market Cap: $70.48M
Dividend Yield: ―
Average Volume (3M): 8,871
Price to Earnings (P/E): -23.6
Beta (1Y): 0.56
Revenue Growth: -4.17%
EPS Growth: -101.05%
Country: US
Employees: 1,089
Sector: Consumer Cyclical
Sector Strength: 61
Industry: Home Improvement

Tile Shop Business Overview & Revenue Model

Company Description

Tile Shop Holdings, Inc. operates as a specialty retailer of man-made and natural stone tiles, vinyl tiles, setting and maintenance materials, and related accessories in the United States. The company offers natural stone products, including marble,...

How the Company Makes Money

The Tile Shop makes money primarily by selling tile and tile-related products to consumers and professional customers. Its core revenue stream is product sales—tile (e.g., ceramic, porcelain, natural stone, glass, mosaics) typically representing the...

Tile Shop Earnings Call Summary

Earnings Call Date:Aug 06, 2025(Q2-2025)|% Change Since:-72.21%|Next Earnings Date:―

Earnings Call SentimentNeutral

The earnings call highlighted the company's efforts to expand its product range and manage costs effectively, contributing to a stronger cash position. However, these positives were overshadowed by decreased sales, lower gross margins, and the need for significant cost-cutting measures due to a challenging housing market.

Positive Updates

Expansion of Product Assortment

The Tile Shop expanded its product offerings with the introduction of the exclusive Arbour line of LVT, as well as new laminate and engineered wood flooring options. Additionally, the signature line with over 250 wall tile and matching trim products was launched.

Negative Updates

Decrease in Comparable Store Sales

Comparable store sales decreased by 3.5% due to lower levels of store traffic.

Company Guidance

During the Q2 2025 earnings call for Tile Shop Holdings, Inc., the company provided guidance on several key metrics. Comparable store sales decreased by 3.5% due to lower store traffic, while unit volume sales showed modest improvement, driven by an expanded product assortment. However, the increase in discounting and lower average selling prices offset these gains, leading to a decreased gross margin rate of 64.4%, down 160 basis points from the previous year. The SG&A expenses were reduced by $2.1 million to $56.4 million, attributed to factors such as a decrease in asset impairment and marketing expenses, and the closure of the Spring Valley, Wisconsin distribution center. The company generated $13.5 million in operating cash flow in the first half of 2025, raising its cash balance to $27.8 million by the end of the quarter. The company remains focused on reducing expenses, limiting capital spending, and identifying efficiencies in response to a challenging housing market.

Tile Shop Financial Statement Overview

Summary

Tile Shop shows ongoing weakness with revenue declining from $394.7 million in 2022 to $324.7 million TTM, shift to net loss, debt-to-equity at 1.74, and volatile cash flows despite recent positive free cash flow.

Income Statement

24Negative

Balance Sheet

31Negative

Cash Flow

43Neutral

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	324.65M	336.82M	347.07M	377.15M	394.70M	370.70M
Gross Profit	201.74M	215.02M	227.87M	243.06M	258.94M	253.13M
EBITDA	12.15M	10.16M	21.28M	37.39M	47.75M	47.99M
Net Income	-3.32M	-4.49M	2.32M	10.07M	15.70M	14.77M
Balance Sheet
Total Assets	296.27M	301.73M	319.60M	316.67M	345.82M	340.76M
Cash, Cash Equivalents and Short-Term Investments	10.82M	10.12M	20.96M	8.62M	5.95M	9.36M
Total Debt	153.76M	159.84M	142.58M	139.96M	176.62M	143.45M
Total Liabilities	207.89M	214.49M	196.69M	196.99M	237.05M	218.53M
Stockholders Equity	88.38M	87.24M	122.91M	119.69M	108.77M	122.22M
Cash Flow
Free Cash Flow	6.29M	-3.77M	12.57M	46.75M	-11.31M	28.62M
Operating Cash Flow	3.06M	5.79M	27.11M	62.06M	2.71M	39.69M
Investing Cash Flow	-5.07M	-9.37M	-14.34M	-15.26M	-14.03M	-11.07M
Financing Cash Flow	-17.11M	-7.26M	-503.00K	-45.93M	9.11M	-28.90M

Tile Shop Technical Analysis

Technical Analysis SentimentNegative

Last Price1.77

Price Trends

50DMA2.18Negative

100DMA2.54Negative

200DMA2.84Negative

Market Momentum

MACD-0.07Positive

RSI32.14Neutral

STOCH48.80Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TTSH, the sentiment is Negative. The current price of 1.77 is below the 20-day moving average (MA) of 2.01, below the 50-day MA of 2.18, and below the 200-day MA of 2.84, indicating a bearish trend. The MACD of -0.07 indicates Positive momentum. The RSI at 32.14 is Neutral, neither overbought nor oversold. The STOCH value of 48.80 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TTSH.

Tile Shop Risk Analysis

Tile Shop disclosed 32 risk factors in its most recent earnings report. Tile Shop reported the most risks in the "Production" category.

Production - Risks related to the company’s ability to manufacture goods and services

Latest Risks Added

1 New Risk

1.Our common stock is no longer listed on Nasdaq and we have terminated the registration of our common stock under Section 12(b) and 12(g) of the Exchange Act and suspended our reporting obligations under Section 15(d) of the Exchange Act, which may have an adverse effect on the liquidity of our common stock and the availability of information about the Company and our business and results of operations.Q4, 2025

Tile Shop Peers Comparison

Overall Rating

UnderperformOutperform

Sector (61)

Financial Indicators

TTSH against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
FND	66Neutral	$4.96B	21.34	9.74%	―	1.82%	10.69%
ARHS	63Neutral	$1.76B	25.11	17.23%	―	5.44%	-3.28%
Sector *	61Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
LOW	61Neutral	$117.30B	17.66	-71.79%	2.34%	8.16%	-2.84%
HD	58Neutral	$328.44B	22.99	102.68%	2.82%	2.50%	-2.95%
BSET	54Neutral	$194.66M	28.85	4.12%	3.56%	1.40%	-11.99%
TTSH	38Underperform	$70.48M	-23.63	-3.79%	―	-4.17%	-101.05%

* Consumer Cyclical Sector Average

Performance Comparison

TTSH and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TTSH	Tile Shop Hldgs	1.77	-4.47	-71.63%
BSET	Bassett Furniture Industries, Incorporated	22.50	8.47	60.42%
HD	Home Depot	329.20	-38.73	-10.53%
LOW	Lowe's Companies	209.07	-21.50	-9.32%
FND	Floor & Decor Holdings	47.59	-12.05	-20.20%
ARHS	Arhaus, Inc. Class A	12.45	3.05	32.50%

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Oct 29, 2026

Tile Shop AI Stock Analysis