Kits Eyecare Reports Preliminary Q3 2026 Revenue Growth with Glasses Segment Up 59.3 Percent

Kits Eyecare Ltd. announced selected preliminary unaudited results for its third quarter ended September 30, 2026. Total revenue grew 21.6 percent year-over-year to approximately $63.7 million, accelerating from 17.8 percent growth in Q2 2026. Glasses revenue specifically increased 59.3 percent year-over-year to approximately $11.3 million, up from 54.0 percent growth in the previous quarter. The company attributed this acceleration to investments in marketing, glasses expansion, and its Toronto retail location. Adjusted EBITDA exceeded $2.9 million, representing more than 4.5 percent of total revenue. Net revenue retention was approximately 92 percent at 24 months for the Q3 2024 customer cohort and 189 percent at 48 months for the Q3 2022 cohort. Cash increased by $3.2 million to approximately $30.6 million, with no debt. Full third-quarter results are scheduled for release in early November 2026.