1stdibs.com, Inc.
3.8900+0.07 (+1.83%)
Oct 29, 4:00:01 PM EDT · NasdaqGM · DIBS · USD
Key Stats
Market Cap
141.00MP/E (TTM)
-Basic EPS (TTM)
-0.55Dividend Yield
0%Recent Filings
10-Q
Q2 FY2025 results
1stDibs held net revenue steady at $22.1M for Q2 FY2025 ended June 30, 2025, flat y/y from $22.2M but up slightly q/q amid softer GMV of $89.9M (down 2% y/y, derived). Gross margin edged to 71.8% from 71.7% y/y, while operating loss narrowed to $5.7M (12% better y/y) on 12% lower sales and marketing spend from headcount cuts. Diluted EPS of -$0.12 matched y/y on 35.8M shares, with YTD net loss of $9.1M versus $7.7M last year; the wider gap stems from lower interest income. Cash and equivalents dipped to $22.4M, offset by $71.9M in short-term investments for $94.3M liquidity—no debt. Stock repurchases totaled $1.8M in the half. Yet macroeconomic headwinds like housing volatility linger.
8-K
Q2 revenue flat, buyers up
1stDibs reported Q2 2025 results with net revenue steady at $22.1 million and gross profit at $15.9 million, while GMV dipped 2% to $89.9 million amid luxury home goods headwinds. Active buyers grew 5% to 64K, fueled by product innovations boosting conversions, yet orders fell 3%. Operating expenses dropped 4% year-over-year. Steady progress. Q3 guidance projects GMV of $83-89 million and adjusted EBITDA margin of -12% to -8%, but macroeconomic risks loom large.
8-K
Annual meeting approvals passed
1stdibs.com stockholders approved the election of David S. Rosenblatt, Everette Taylor, and Paula J. Volent as Class I directors at the May 8, 2025 annual meeting, with strong support for Rosenblatt at 23.9 million for votes while Taylor and Volent faced some withholding. They also ratified Ernst & Young LLP as auditors for the fiscal year ending December 31, 2025, passing overwhelmingly with 29.2 million for votes. Board continuity holds firm.
10-Q
Q1 FY2025 results
1stDibs posted steady Q1 FY2025 results, with net revenue edging up 2% y/y to $22.5M on higher average order value despite flat order volume, while gross margin held firm at 72.4%. Operating loss widened to $6.3M from $5.4M y/y, driven by 18% higher technology development costs from headcount and equity grants, yet transaction loss provisions more than doubled to $0.9M on elevated claims. Diluted EPS came in at -$0.14 on 35.6M shares, consistent with basic due to anti-dilutive effects from 9M potential securities. Cash burn eased sharply, with operating cash use at just $0.1M versus $3.1M y/y, leaving $20.3M in cash and $80.7M in short-term investments; the firm repurchased $1.8M in shares under its program. No debt weighs on the balance sheet. Adjusted EBITDA, reconciled in the 10-Q, improved slightly to -$1.7M. Competition from broader e-commerce platforms remains a key risk.
8-K
Q1 revenue up 2%, loss widens
1stDibs.com reported Q1 2025 results with net revenue up 2% to $22.5 million and GMV rising 3% to $94.7 million, fueled by 7% growth in active buyers to 65K, while orders held flat. Gross margin dipped slightly to 72.4%, and GAAP net loss widened to $4.8 million amid higher operating expenses. Momentum persists. Q2 guidance projects GMV of $85-92 million and adjusted EBITDA margin of -14% to -10%, yet macroeconomic volatility poses risks.
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