DIBS
1stdibs.Com, Inc.5.92
+0.01+0.17%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Reaffirms roadmap, adds growth details
Q&A largely reaffirmed prepared remarks on the adjusted EBITDA inflection and 2026 growth roadmap, with no walk-backs. David pinpointed Q4 GMV growth from lapping September's 50% performance marketing cuts and ramped product investments—independent of macro recovery—while dismissing AI disintermediation for one-of-a-kind inventory. Thomas quantified contribution margins rising to 60%-65% from 50%-55%, accelerating expansion on growth. Price parity coverage will roughly double via LLM, prioritizing seller behavior. Analysts pressed on initiatives and margins; answers stayed direct. Q&A echoed the script. Confident outlook endures; watch product velocity.
Key Stats
Market Cap
216.76MP/E (TTM)
-Basic EPS (TTM)
-0.49Dividend Yield
0%Recent Filings
8-K
Q4 revenue up, EBITDA positive
1stDibs reported Q4 2025 net revenue of $23.0M, up 1% year-over-year, with gross margin expanding to 73.5% and Adjusted EBITDA flipping to $1.3M positive. Full-year revenue hit $89.6M, up 2%, while GAAP net loss narrowed to $13.7M from $18.6M amid cost cuts. Q1 2026 guides GMV $86.5M-$91.5M, revenue $22.1M-$23.1M, Adjusted EBITDA margin 0-4%. Macro headwinds persist.
10-K
FY2025 results
1stDibs posted FY2025 net revenue of $89.6M, up 2% y/y from $88.3M, with GMV flat at $363.9M amid softer Active Buyers of 60,771 versus 64,306. Q4 seasonality lifted results, yet sales and marketing expenses fell 18% to $31.1M on reduced headcount, driving gross margin to 73% from 72% while narrowing net loss to $13.7M from $18.6M. Adjusted EBITDA loss improved to $2.4M. Buybacks consumed $35M, leaving $10.4M available. Economic uncertainty curbing luxury spending threatens quarterly momentum.
8-K
Q3 beat, $12M buyback
1stDibs posted Q3 net revenue of $22.0M, up 4% YoY, with gross margin at 74.3% and Adjusted EBITDA loss narrowing to $(0.2)M from $(3.0)M. Board authorized $12M share repurchases on Nov 4, replacing prior program, backed by $93.4M cash pile. Q4 guides positive Adjusted EBITDA margin of 2-5%. Repurchases signal board confidence.
10-Q
Q3 FY2025 results
1stDibs posted Q3 revenue of $22.0M, up 4% y/y, with gross profit climbing to $16.3M at 74% margin from 71% while operating loss narrowed to $4.7M from $7.4M on 13% lower sales/marketing. Nine-month revenue hit $66.7M (up 2% y/y), operating loss $16.7M (down from $19.2M), and diluted EPS improved to -$0.10 from -$0.15 on 36.3M shares—anti-dilution from 8M options/RSUs excluded. Cash plus short-term investments stood at $93.4M; operating cash flow used $6.7M YTD, no capex for FCF. Costs fell via workforce cuts, yet tech spend rose 8%. Macro headwinds linger.
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.
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