TTSH on OTC
TILE SHOP HOLDINGS, INC.
American retail-home furniture company, incorporated in Delaware. Summary from the record
Price unavailable
Last updated Oct 19, 2026.
Overview
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- TickerTTSH on OTC1
- IndustryRetail-Home Furniture, Furnishings & Equipment Stores1
- HeadquartersPlymouth, Minnesota1
- Incorporated inDE2
- Business address14000 Carlson Parkway, Plymouth, Mn 554412
- Filer categoryAccelerated filer, Smaller reporting company2
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The Tile Shop, LLC (“The Tile Shop”) was founded in 1985 and Tile Shop Holdings, Inc. (“Holdings,” and together with its wholly owned subsidiaries, including The Tile Shop, the “Company” or “we”) was incorporated in Delaware in June 2012. We are a specialty retailer of man-made and natural stone tiles, luxury vinyl tiles, setting and maintenance materials, and related accessories in the United States. Our assortment includes over 6,000 products from around the world. Natural stone products include marble, travertine, granite, quartz, sandstone, slate, and onyx tiles. Man-made products include ceramic, porcelain, glass, cement, wood look, metal and luxury vinyl tile. The majority of our tile products are sold under our proprietary Rush River and Fired Earth brand names. We purchase our tile products, accessories and tools directly from our global network of suppliers . We manufacture our …3 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
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue35¢$121.8M
- Selling, general and admin64¢$220.8M
- Interest0¢$41.0K
- Income tax0¢$1.4M
Out of $336.8M in revenue.4 The company lost money this year.
Where each dollar of operating cash went, fiscal 2025
- Capital spending23¢$9.6M
- Share buybacks77¢$32.0M
Out of $5.8M of cash from operations. Spending exceeded cash from operations; the rest came from savings or borrowing.4
Financial statements
Every line of the income statement as filed: the last 3 fiscal years (annual) or 8 quarters (quarterly), latest first.4
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net sales | $336.8M | $347.1M | $377.1M |
| Cost of sales | $121.8M | $119.2M | $134.1M |
| Gross profit | $215.0M | $227.9M | $243.1M |
| Selling, general and administrative expenses | $220.8M | $224.4M | $226.9M |
| (Loss) Income from operations | -$5.8M | $3.5M | $16.2M |
| Interest expense, net | -$41.0K | -$275.0K | -$2.2M |
| (Loss) Income before income taxes | -$5.9M | $3.2M | $14.0M |
| Benefit (Provision) for income taxes | $1.4M | -$921.0K | -$3.9M |
| Net (loss) income | -$4.5M | $2.3M | $10.1M |
| Basic | -$0.10 | $0.05 | $0.23 |
| Diluted | -$0.10 | $0.05 | $0.23 |
| Basic | 43.7M shares | 43.7M shares | 43.4M shares |
| Diluted | 43.7M shares | 43.9M shares | 43.6M shares |
| Period ending | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 |
|---|---|---|---|---|---|---|---|---|
| Net sales | $77.5M | $83.1M | $88.3M | $88.0M | $79.5M | $84.5M | $91.4M | $91.7M |
| Gross profit | $47.8M | $52.3M | $56.8M | $58.1M | $51.0M | $56.2M | $60.3M | $60.3M |
| (Loss) Income from operations | -$4.5M | -$2.0M | $440.0K | $183.0K | -$867.0K | $250.0K | $1.9M | $2.3M |
| Net (loss) income | -$3.4M | -$1.6M | $392.0K | $172.0K | -$628.0K | $41.0K | $1.2M | $1.7M |
| Basic | -$0.08 | -$0.04 | $0.01 | $0.00 | -$0.01 | $0.00 | $0.03 | $0.04 |
| Diluted | -$0.08 | -$0.04 | $0.01 | $0.00 | -$0.01 | $0.00 | $0.03 | $0.04 |
Every line of the balance sheet as filed: the last 5 fiscal years (annual) or 5 quarters (quarterly), latest first.4
| Period ending | 2025-12-31 | 2025-11-30 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|---|
| Cash and cash equivalents | $10.1M | $21.0M | |||
| Receivables, net | $3.5M | $3.1M | |||
| Inventories | $89.4M | $86.3M | |||
| Income tax receivable | $1.2M | $850.0K | |||
| Other current assets, net | $8.9M | $8.7M | |||
| Total Current Assets | $113.0M | $119.8M | |||
| Property, plant and equipment, net | $54.3M | $59.7M | |||
| Right of use asset | $126.3M | $132.9M | |||
| Deferred tax assets | $6.6M | $4.9M | |||
| Other assets | $1.6M | $2.3M | |||
| Total Assets | $301.7M | $319.6M | |||
| Accounts payable | $25.3M | $23.8M | |||
| Income tax payable | $79.0K | $62.0K | |||
| Current portion of lease liability | $29.9M | $28.9M | |||
| Other accrued liabilities | $23.9M | $25.6M | |||
| Total Current Liabilities | $79.2M | $78.4M | |||
| Long-term debt, net | $25.0M | ||||
| Long-term lease liability, net | $105.0M | $113.7M | |||
| Other long-term liabilities | $5.3M | $4.6M | |||
| Total Liabilities | $214.5M | $196.7M | |||
| Common stock, par value $0.0001; authorized: 100,000,000 shares; issued and outstanding: 39,821,741 and 44,657,898 shares, respectively | $4.0K | $4.0K | |||
| Additional paid-in capital | $98.5M | $129.7M | |||
| Accumulated deficit | -$11.3M | -$6.8M | |||
| Total Stockholders' Equity | $87.2M | $122.9M | $119.7M | $108.8M | |
| Total Liabilities and Stockholders' Equity | $301.7M | $319.6M | |||
| Common stock, par value (per share) | $0.00 | $0.00 | $0.00 | ||
| Common stock, shares authorized | 100.0M shares | 100.0M shares | |||
| Common stock, shares issued | 39.8M shares | 44.7M shares | |||
| Common stock, shares outstanding | 39.8M shares | 44.7M shares | |||
| Preferred stock, par value (per share) | $0.00 | $0.00 | |||
| Preferred stock, shares authorized | 10.0M shares | 10.0M shares | |||
| Preferred stock, shares issued | 0 shares | 0 shares | |||
| Preferred stock, shares outstanding | 0 shares | 0 shares |
| Period ending | 2025-12-31 | 2025-11-30 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|---|
| Cash and cash equivalents | $10.1M | $21.0M | |||
| Receivables, net | $3.5M | $3.1M | |||
| Inventories | $89.4M | $86.3M | |||
| Income tax receivable | $1.2M | $850.0K | |||
| Other current assets, net | $8.9M | $8.7M | |||
| Total Current Assets | $113.0M | $119.8M | |||
| Property, plant and equipment, net | $54.3M | $59.7M | |||
| Right of use asset | $126.3M | $132.9M | |||
| Deferred tax assets | $6.6M | $4.9M | |||
| Other assets | $1.6M | $2.3M | |||
| Total Assets | $301.7M | $319.6M | |||
| Accounts payable | $25.3M | $23.8M | |||
| Income tax payable | $79.0K | $62.0K | |||
| Current portion of lease liability | $29.9M | $28.9M | |||
| Other accrued liabilities | $23.9M | $25.6M | |||
| Total Current Liabilities | $79.2M | $78.4M | |||
| Long-term debt, net | $25.0M | ||||
| Long-term lease liability, net | $105.0M | $113.7M | |||
| Other long-term liabilities | $5.3M | $4.6M | |||
| Total Liabilities | $214.5M | $196.7M | |||
| Common stock, par value $0.0001; authorized: 100,000,000 shares; issued and outstanding: 39,821,741 and 44,657,898 shares, respectively | $4.0K | $4.0K | |||
| Additional paid-in capital | $98.5M | $129.7M | |||
| Accumulated deficit | -$11.3M | -$6.8M | |||
| Total Stockholders' Equity | $87.2M | $122.9M | $119.7M | $108.8M | |
| Total Liabilities and Stockholders' Equity | $301.7M | $319.6M | |||
| Common stock, par value (per share) | $0.00 | $0.00 | $0.00 | ||
| Common stock, shares authorized | 100.0M shares | 100.0M shares | |||
| Common stock, shares issued | 39.8M shares | 44.7M shares | |||
| Common stock, shares outstanding | 39.8M shares | 44.7M shares | |||
| Preferred stock, par value (per share) | $0.00 | $0.00 | |||
| Preferred stock, shares authorized | 10.0M shares | 10.0M shares | |||
| Preferred stock, shares issued | 0 shares | 0 shares | |||
| Preferred stock, shares outstanding | 0 shares | 0 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.4
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net (loss) income | -$4.5M | $2.3M | $10.1M |
| Depreciation and amortization | $16.0M | $17.8M | $21.2M |
| Amortization of debt issuance costs | $72.0K | $72.0K | $257.0K |
| Gain on disposals of property, plant and equipment | -$132.0K | -$138.0K | -$13.0K |
| Impairment charges | $290.0K | $949.0K | $1.0M |
| Non-cash lease expense | $27.9M | $26.9M | $25.8M |
| Stock based compensation | $1.3M | $1.3M | $1.4M |
| Deferred income taxes | -$1.7M | $366.0K | $1.3M |
| Receivables | -$376.0K | -$203.0K | $528.0K |
| Inventories | -$3.1M | $7.4M | $27.3M |
| Other current assets, net | $433.0K | $1.7M | $3.3M |
| Accounts payable | $1.3M | $826.0K | $123.0K |
| Income tax receivable / payable | -$294.0K | -$1.8M | $4.9M |
| Accrued expenses and other liabilities | -$31.3M | -$30.5M | -$35.1M |
| Net cash provided by operating activities | $5.8M | $27.1M | $62.1M |
| Purchases of property, plant and equipment | -$9.6M | -$14.5M | -$15.3M |
| Proceeds from insurance | $3.0K | $100.0K | |
| Proceeds from the sale of property, plant and equipment | $195.0K | $102.0K | $58.0K |
| Net cash used in investing activities | -$9.4M | -$14.3M | -$15.3M |
| Payments of long-term debt | -$10.0M | -$65.4M | |
| Advances on line of credit | $25.0M | $10.0M | $20.0M |
| Proceeds from exercise of stock options | $4.0K | ||
| Repurchases of common stock | -$32.0M | ||
| Employee taxes paid for shares withheld | -$284.0K | -$503.0K | -$532.0K |
| Net cash used in financing activities | -$7.3M | -$503.0K | -$45.9M |
| Effect of exchange rate changes on cash | $69.0K | -$16.0K | |
| Net change in cash and cash equivalents | -$10.8M | $12.3M | $861.0K |
| Purchases of property, plant and equipment included in accounts payable and accrued expenses | $317.0K | $59.0K | $430.0K |
| Cash paid for interest | $239.0K | $306.0K | $2.1M |
| Cash paid (received) for income taxes, net of refunds | $597.0K | $2.3M | -$2.2M |
No quarter-by-quarter statement was filed.
Leadership
Who has led TILE SHOP HOLDINGS, INC., and when. Pick a name to see everywhere that person has worked.
President
Chief financial officer
Chief operating officer
- Chief executive officerCabell Lolmaugh Feb 22, 2019 to now12
- Chief executive officerChris Homeister Jan 6, 2015 to Oct 3, 201713
- Chief executive officerRobert A. Rucker Aug 21, 2012 to Feb 14, 201814
- PresidentChris Homeister Jan 6, 2015 to Oct 3, 201713
- Chief financial officerKarla Lunan Jan 11, 2022 to Mar 8, 202415
- Chief financial officerNancy Dimattia Sep 13, 2019 to Oct 25, 202116
- Chief financial officerKirk Geadelmann Aug 14, 2014 to May 14, 201917
- Chief financial officerTimothy C. Clayton Aug 21, 2012 to Feb 18, 201418
- Chief operating officerCabell Lolmaugh Feb 26, 2018 to Oct 19, 201819
- Chief operating officerChris Homeister Oct 3, 2013 to Feb 18, 201420
Board members and other officers (18)
- Sr. VP - Supply ChainJoyce Maruniak Mar 8, 2017 to Nov 6, 201721
- Sr. VP - RetailLynda Stout Mar 2, 2016 to Mar 2, 201622
- SVP - RetailCarl Randazzo Aug 21, 2012 to Aug 16, 201723
- SVP - OperationsJoseph Kinder Aug 21, 2012 to now24
- VP - HR and ComplianceLeigh M. Behrman Aug 21, 2012 to Apr 23, 201525
- Board memberBenjamin Faw Jan 15, 2026 to now26
- Board memberDeborah K. Glasser Jul 22, 2020 to now27
- Board memberLinda Solheid Jul 22, 2020 to now28
- Board memberMark J. Bonney Jul 22, 2020 to now29
- Board memberCabell Lolmaugh Feb 22, 2019 to now12
- Board memberPhilip B. Livingston Aug 4, 2016 to Jul 18, 201930
- Board memberChris Homeister Jan 6, 2015 to Oct 3, 201713
- Board memberChristopher Thomas Cook Sep 24, 2014 to Jul 18, 201931
- Board memberAdam L. Suttin Aug 21, 2012 to Oct 28, 201532
- Board memberPeter H. Kamin Aug 21, 2012 to now33
- Board memberPeter J. Jacullo Iii. Aug 21, 2012 to now34
- Board memberRobert A. Rucker Aug 21, 2012 to Jan 24, 202014
- Board memberTodd Krasnow Aug 21, 2012 to Jul 18, 201935
Timeline
Filings
321 filings to the SEC since October 2021: 5 annual reports, 13 quarterly reports, 33 major events, 221 insider forms, 24 large holders, 25 other. The latest 20:
- Mar 9, 20264 OWNERSHIP DOCUMENT EDGAR
- Mar 9, 20264 OWNERSHIP DOCUMENT EDGAR
- Mar 9, 20264 OWNERSHIP DOCUMENT EDGAR
- Mar 5, 20264 OWNERSHIP DOCUMENT EDGAR
- Mar 5, 20264 OWNERSHIP DOCUMENT EDGAR
- Mar 5, 20264 OWNERSHIP DOCUMENT EDGAR
- Mar 3, 20264 OWNERSHIP DOCUMENT EDGAR
- Mar 3, 20264 OWNERSHIP DOCUMENT EDGAR
- Mar 3, 20264 OWNERSHIP DOCUMENT EDGAR
- Feb 27, 20264 OWNERSHIP DOCUMENT EDGAR
- Feb 27, 20264 OWNERSHIP DOCUMENT EDGAR
- Feb 27, 20264 OWNERSHIP DOCUMENT EDGAR
- Feb 26, 202610-K EDGAR
- Jan 15, 20263 EDGAR
- Jan 15, 20263 OWNERSHIP DOCUMENT EDGAR
- Jan 5, 2026SCHEDULE 13D/A EDGAR
- Jan 2, 202615-12G EDGAR
- Dec 31, 2025SCHEDULE 13D/A EDGAR
- Dec 29, 2025S-8 POS EDGAR
- Dec 29, 2025S-8 POS EDGAR
The 321 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.
Insider trades
294 open-market trades by officers, directors and large owners since October 2021: 290 buys and 4 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Jun 20, 2025 | PLP Funds Master Fund LP10% owner | Buy | 1,060 | $6.26 | $6.6K | Form 4 |
| Jun 20, 2025 | PLP Funds Master Fund LP10% owner | Buy | 1,060 | $6.26 | $6.6K | Form 4 |
| Jun 3, 2025 | Pleasant Lake Partners LLC10% owner | Buy | 2,500 | $6.35 | $15.9K | Form 4 |
| Jun 2, 2025 | Pleasant Lake Partners LLC10% owner | Buy | 18,001 | $6.22 | $112.0K | Form 4 |
| May 30, 2025 | Pleasant Lake Partners LLC10% owner | Buy | 3,515 | $6.39 | $22.5K | Form 4 |
| May 23, 2025 | Pleasant Lake Partners LLC10% owner | Buy | 11,254 | $5.84 | $65.7K | Form 4 |
| May 19, 2025 | Pleasant Lake Partners LLC10% owner | Buy | 5,547 | $5.96 | $33.1K | Form 4 |
| May 8, 2025 | Pleasant Lake Partners LLC10% owner | Buy | 10,000 | $5.10 | $51.0K | Form 4 |
| May 6, 2025 | Pleasant Lake Partners LLC10% owner | Buy | 18,178 | $5.25 | $95.4K | Form 4 |
| Apr 25, 2025 | Pleasant Lake Partners LLC10% owner | Buy | 4,924 | $5.76 | $28.4K | Form 4 |
| Apr 17, 2025 | Fund 1 Investments, LLC10% owner | Buy | 12,500 | $5.37 | $67.2K | Form 4 |
| Apr 16, 2025 | Fund 1 Investments, LLC10% owner | Buy | 2,500 | $5.39 | $13.5K | Form 4 |
| Apr 9, 2025 | PLP Funds Master Fund LP10% owner | Buy | 20,000 | $5.94 | $118.8K | Form 4 |
| Apr 9, 2025 | PLP Funds Master Fund LP10% owner | Buy | 20,000 | $5.94 | $118.8K | Form 4 |
| Apr 7, 2025 | PLP Funds Master Fund LP10% owner | Buy | 7,000 | $5.92 | $41.4K | Form 4 |
| Apr 2, 2025 | PLP Funds Master Fund LP10% owner | Buy | 20,000 | $6.52 | $130.3K | Form 4 |
| Apr 1, 2025 | PLP Funds Master Fund LP10% owner | Buy | 9,472 | $6.42 | $60.8K | Form 4 |
| Mar 31, 2025 | PLP Funds Master Fund LP10% owner | Buy | 13,208 | $6.48 | $85.6K | Form 4 |
| Mar 28, 2025 | PLP Funds Master Fund LP10% owner | Buy | 8,500 | $6.49 | $55.2K | Form 4 |
| Mar 27, 2025 | PLP Funds Master Fund LP10% owner | Buy | 1,000 | $6.50 | $6.5K | Form 4 |
All 294 trades can be filtered by person here when JavaScript is on.
From Forms 4 filed with the SEC.
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.
- JWTS, INC.SCHEDULE 13D/A, 3 filings Jan 4, 2022 to Jan 5, 202636
- Peter H. KaminSCHEDULE 13D/A, 2 filings Jan 13, 2023 to Dec 31, 202537
- Fund 1 Investments, LLCSCHEDULE 13D/A, 10 filings Jan 10, 2023 to Dec 16, 202538
- Monomoy Capital Partners IV, L.P.SCHEDULE 13G/A, 2 filings Feb 14, 2023 to Jan 7, 202539
- CANNELL CAPITAL LLCSC 13G/A, 1 filing Feb 13, 202340
- David KanenSC 13D/A, 5 filings Jul 22, 2022 to Sep 26, 202241
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 15SEC EDGARKarla Lunan, Chief financial officer
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- 22SEC EDGARLynda Stout, Sr. VP - Retail
- 23SEC EDGARCarl Randazzo, SVP - Retail
- 24SEC EDGARJoseph Kinder, SVP - Operations
- 25
- 26SEC EDGARBenjamin Faw, Board member
- 27SEC EDGARDeborah K. Glasser, Board member
- 28SEC EDGARLinda Solheid, Board member
- 29SEC EDGARMark J. Bonney, Board member
- 30SEC EDGARPhilip B. Livingston, Board member
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- 32SEC EDGARAdam L. Suttin, Board member
- 33SEC EDGARPeter H. Kamin, Board member
- 34SEC EDGARPeter J. Jacullo Iii., Board member
- 35SEC EDGARTodd Krasnow, Board member
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