1stdibs.com (DIBS) Company Report

1stDibs achieved its first quarter of positive Adjusted EBITDA as a public company in Q4 2025, reporting $1.3 million in Adjusted EBITDA and a 6% margin.
For Q4 2025, GMV was $90.2 million, a 5% decline, while net revenue increased by 1% to $23 million.
The company forecasts Q1 2026 GMV between $86.5 million and $91.5 million and net revenue between $22.1 million and $23.1 million, with Adjusted EBITDA margin expected to be between breakeven and +4%.
1stDibs anticipates a return to positive year-over-year GMV growth by Q4 2026 and expects a third consecutive year of revenue growth in 2026, alongside positive Adjusted EBITDA and free cash flow for the full year.

15 hours ago

Transcript

1stDibs Achieves Adjusted EBITDA Profitability in Q4 2025 and Provides 2026 Outlook

DIBS

Earnings

Guidance Update

Revenue Acceleration/Inflection

1stDibs achieved its first quarter of Adjusted EBITDA profitability as a public company in Q4 2025, reporting $1.3 million in Adjusted EBITDA and a 6% margin.
For Q4 2025, GMV was $90.2 million, a 5% year-over-year decline, while net revenue increased 1% to $23 million.
The company ended Q4 2025 with a strong cash position of $95 million and repurchased $1.6 million of shares, with $10.4 million remaining under authorization.
For Q1 2026, 1stDibs forecasts GMV between $86.5 million and $91.5 million, net revenue between $22.1 million and $23.1 million, and an Adjusted EBITDA margin between breakeven and +4%.
Looking ahead to full-year 2026, the company expects a third consecutive year of positive year-over-year revenue growth, a return to year-over-year GMV growth by the fourth quarter, and positive Adjusted EBITDA and free cash flow.

15 hours ago

Transcript

1stDibs.com Reports Q4 2025 Results, Achieves Adjusted EBITDA Profitability

DIBS

Earnings

Guidance Update

Revenue Acceleration/Inflection

1stDibs.com achieved Adjusted EBITDA profitability in Q4 2025, reporting $1.3 million and a 6% margin, a significant turnaround from a $1.6 million loss in the prior year.
For Q4 2025, GMV was $90.2 million, a 5% decline, while net revenue increased by 1% to $23 million.
The company forecasts Q1 2026 GMV between $86.5 million and $91.5 million and net revenue between $22.1 million and $23.1 million, with an Adjusted EBITDA margin between breakeven and +4%.
For full-year 2026, 1stDibs.com expects a third consecutive year of positive year-over-year revenue growth, alongside positive Adjusted EBITDA and free cash flow, with a return to year-over-year GMV growth by Q4 2026.
Strategic initiatives for 2026 include enhancing discovery with AI-powered search, revamping the shipping experience, optimizing pricing with AI-based price parity enforcement, and launching an influencer network.

16 hours ago

Transcript

1stDibs reports Q4 and FY 2025 results

DIBS

Earnings

Revenue Acceleration/Inflection

Guidance Update

Q4 2025 net revenue was $23.0 million, up 1% year-over-year, with gross profit of $16.9 million and a gross margin of 73.5% (up from 72.3% in Q4 2024).
GAAP net loss narrowed to $1.0 million in Q4 2025 from $5.2 million in Q4 2024; the company achieved its first quarter of positive Adjusted EBITDA as a public company ($1.3 million, 5.6% margin).
Full-year 2025 net revenue was $89.6 million (+2% YoY), with a GAAP net loss of $13.7 million (improved from $18.6 million in 2024) and Adjusted EBITDA of $(2.4) million (improved from $(8.0) million in 2024).
Cash, cash equivalents, and short-term investments totaled $95.0 million at year-end 2025.
Q4 2025 Gross Merchandise Value (GMV) was $90.2 million (down 5% YoY), and active buyers declined 5% YoY to approximately 61,000.

17 hours ago

8-K

1stDibs Reports Q4 and Full Year 2025 Financial Results

DIBS

Earnings

Guidance Update

Demand Weakening

1stDibs reported net revenue of $23.0 million for Q4 2025, an increase of 1% year-over-year, and achieved positive Non-GAAP Adjusted EBITDA of $1.3 million (5.6% margin).
For the full year 2025, net revenue was $89.6 million, up 2% year-over-year, with a Non-GAAP Adjusted EBITDA loss of $(2.4) million ((2.7)% margin), an improvement from the prior year.
The company provided Q1 2026 guidance for net revenue between $22.1 million and $23.1 million and an Adjusted EBITDA margin between 0% and 4%.
Key operating metrics for Q4 2025 showed a decrease in Gross Merchandise Value (GMV) by 5% to $90.2 million, Number of Orders by 9% to 33K, and Active Buyers by 5% to 61K year-over-year.
Cash, cash equivalents and short-term investments totaled $95.0 million as of December 31, 2025.

17 hours ago

Press Release

1stdibs.com Reports Q4 and Full Year 2025 Results

DIBS

Earnings

For Q4 2025, 1stdibs.com reported GMV of $90.2 million , revenue of $23.0 million , and a positive Adjusted EBITDA of $1.3 million , resulting in an Adjusted EBITDA Margin of 5.6%.
For the full year 2025, the company achieved net revenue of $89.6 million and an Adjusted EBITDA of ($2.4 million) , with an Adjusted EBITDA Margin of -2.7%. This represents a significant improvement from an Adjusted EBITDA of ($8.0 million) in FY 2024.
On a trailing twelve-month basis through Q4 2025, the company's total GMV was $364 million , with revenue of $90 million , and a gross margin of 73%.
As of December 31, 2025, 1stdibs.com had 60,700 active buyers and 5,700 unique sellers. The company operates an asset-light model with $0 in owned inventory.

17 hours ago

Presentation

1stdibs Reports Strong Q3 2025 Results

DIBS

Earnings

Share Buyback

Guidance Update

1stdibs reported stronger-than-expected third-quarter 2025 results, with revenue increasing 4% to $22 million.
The company significantly narrowed its net loss to $3.5 million from $5.7 million a year ago and achieved an adjusted EBITDA loss of only $200,000, a sharp improvement from the prior year's $3 million loss.
Gross merchandise value (GMV) rose 5% to $89.1 million, and gross profit margins increased to 74.3%.
A $12 million share buyback program was announced, and the company provided guidance aiming for positive adjusted EBITDA in Q4 and full-year 2026.
At the end of the quarter, 1stdibs held $93.4 million in cash, cash equivalents, and short-term investments.

Nov 8, 2025, 2:09 AM

Morningstar

DIBS announces Q3 2025 financial results

DIBS

Earnings

DIBS reported its Q3 2025 financial results on November 7, 2025.
The company achieved Gross Merchandise Value (GMV) of $89.1 million and revenue of $22.0 million for the quarter.
Gross Margin for Q3 2025 was 55%.
Adjusted EBITDA for Q3 2025 was $(243) thousand, resulting in an Adjusted EBITDA Margin of -1.1%. This represents a significant improvement from $(2,983) thousand and -14.1% in Q3 2024.

Nov 7, 2025, 1:00 PM

Presentation

1stdibs.com Reports Q3 2025 Results, Achieves Best Adjusted EBITDA Margin, and Authorizes Share Repurchase

DIBS

Earnings

Guidance Update

Share Buyback

1stdibs.com (DIBS) reported Q3 2025 net revenue of $22 million, an increase of 4% year-over-year, and GMV grew by 5%. The company achieved its best adjusted EBITDA margin as a public company at negative 1%, a 13 percentage point improvement year-over-year, with an adjusted EBITDA loss of approximately $240,000.
The company implemented a strategic realignment, including a net headcount reduction and $7 million in annual cost savings, reallocating resources towards product and engineering to enhance efficiency and long-term growth.
DIBS forecasts positive adjusted EBITDA margins of 2% to 5% for Q4 2025, with net revenue projected between $22.3 million and $23.5 million. The company expects to achieve positive adjusted EBITDA and free cash flow in Q4 2025 and for the full year 2026.
The board authorized a new $12 million share repurchase program, reflecting confidence in future free cash flow generation and the belief that shares are trading at a discount to their intrinsic value.
A subscription pricing increase was implemented on October 1st for approximately 20% of sellers, resulting in roughly a 10% increase for those affected, without a meaningful increase in churn.

Nov 7, 2025, 1:00 PM

Transcript

1stDibs Reports Third Quarter 2025 Financial Results

DIBS

Earnings

Guidance Update

Share Buyback

1stDibs reported net revenue of $22.0 million for the third quarter ended September 30, 2025, an increase of 4% year-over-year, with a GAAP net loss of $3.5 million.
The company achieved a non-GAAP Adjusted EBITDA of $(0.2) million and an Adjusted EBITDA Margin of (1.1)% for Q3 2025, compared to $(3.0) million and (14.1)% respectively, in the third quarter of 2024.
Gross Merchandise Value (GMV) for Q3 2025 was $89.1 million, an increase of 5% year-over-year.
For the fourth quarter of 2025, 1stDibs provides guidance of GMV between $90 million and $96 million, net revenue between $22.3 million and $23.5 million, and an Adjusted EBITDA margin of 2% to 5%.
On November 4, 2025, the Board of Directors authorized a $12.0 million share repurchase program, replacing a prior program.