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DIBS

1stdibs.Com, Inc.

DIBS

1stdibs.Com, Inc. • NASDAQ
$5.71 ▲ 0.35% (+0.02)
Market Cap $205.64 M
52w High $5.81
52w Low $2.30
Dividend Yield 0%
P/E -11.65
Volume 219.23K
Outstanding Shares 36.01M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $21.972M ▼ $21.014M ▼ $-3.506M ▲ -15.957% ▲ $-0.1 ▲ $-3.062M ▲
Q2-2025 $22.135M ▼ $21.615M ▼ $-4.313M ▲ -19.485% ▲ $-0.12 ▲ $-4.384M ▲
Q1-2025 $22.545M ▼ $22.577M ▼ $-4.806M ▲ -21.317% ▲ $-0.14 $-4.931M ▼
Q4-2024 $22.77M ▲ $23.436M ▲ $-5.21M ▲ -22.881% ▲ $-0.14 ▲ $2.084M ▲
Q3-2024 $21.19M $22.428M $-5.683M -26.819% $-0.15 $-4.298M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $93.375M ▼ $135.201M ▼ $41.203M ▼ $93.998M ▼
Q2-2025 $94.288M ▼ $138.571M ▼ $43.706M ▼ $94.865M ▼
Q1-2025 $101.004M ▼ $142.513M ▼ $46.272M ▼ $96.241M ▼
Q4-2024 $103.883M ▼ $145.758M ▼ $46.453M ▼ $99.305M ▼
Q3-2024 $109.361M $154.42M $47.186M $107.234M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-3.506M ▲ $-1.468M ▲ $-1.648M ▼ $-649K ▲ $-3.822M ▼ $-1.696M ▲
Q2-2025 $-4.313M ▲ $-5.143M ▼ $9.115M ▲ $-715K ▲ $3.469M ▲ $-5.179M ▼
Q1-2025 $-4.806M ▲ $-96K ▼ $-3.265M ▼ $-2.412M ▲ $-5.647M ▼ $-143K ▼
Q4-2024 $-5.21M ▲ $2.798M ▲ $6.966M ▲ $-5.551M ▼ $3.962M ▲ $2.547M ▲
Q3-2024 $-5.683M $-3K $42K $-2.091M $-1.768M $-323K

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Seller Marketplace Services
Seller Marketplace Services
 $40.00M ▲$20.00M ▼$20.00M ▲$20.00M ▲
Service Other
Service Other
 $0 ▲$0 ▲$0 ▲$0 ▲

Five-Year Company Overview

Income Statement

Income Statement Revenue has moved in a narrow band over the last several years, with only modest growth and a small pullback from earlier peaks. Gross profit has stayed relatively steady, suggesting the basic unit economics of each transaction are fairly resilient. However, the company continues to post operating and net losses, meaning it has not yet converted its model into consistent profitability. The good news is that these losses appear to be gradually narrowing rather than spiraling, pointing to some cost discipline and efficiency gains, but profitability is still an objective rather than a reality.

Balance Sheet

Balance Sheet The balance sheet shows a company with a straightforward, mostly equity‑funded structure and only a small amount of debt. Cash levels surged around the time of going public and have since declined to a more normal level as funds have been used to support operations. Total assets have eased back from prior highs, reflecting that drawdown. Shareholders’ equity remains positive, indicating a cushion to absorb ongoing losses, but that cushion is smaller than it was at the peak, so the room for prolonged losses is not unlimited.

Cash Flow

Cash Flow Cash generation has been close to break‑even in several years, with only modest cash outflows from operations in the weaker periods. Free cash flow has been slightly more negative than operating cash flow but still limited in scale, helped by very low spending on physical assets. Overall, this looks like an asset‑light business that burns cash, but not at a dramatic rate, and appears to be moving toward better cash discipline over time.

Competitive Edge

Competitive Edge 1stdibs occupies a focused niche: a curated online marketplace for high‑end, unique, and vintage items. Its brand is closely tied to trust, authenticity, and design expertise, reinforced by a strict vetting process for sellers and a strong following among interior designers and affluent buyers. This creates a meaningful network effect: quality sellers attract serious buyers, which in turn draws more sellers. Against that, the company operates in a cyclical, discretionary spending category and faces indirect competition from broader luxury and general e‑commerce platforms, so maintaining differentiation and trust is critical to defending its position.

Innovation and R&D

Innovation and R&D The company leans heavily on technology as a differentiator rather than on physical assets. It uses machine learning and AI to improve search, personalize the shopping experience, and help with fraud detection and price discovery. It has also built specialized tools for sellers and a dedicated program for design professionals, plus features like auctions to deepen engagement. Future innovation appears focused on better personalization, smoother global logistics, and richer tools for the trade community. The main risk is that innovation spending must keep delivering tangible improvements in buyer and seller activity, given the company’s limited profitability so far.

Summary

1stdibs combines a distinctive, curated luxury marketplace with an asset‑light, tech‑driven operating model. Financially, it remains in the loss‑making camp, but losses and cash burn are moderate and appear to be trending in a more controlled direction. The balance sheet is still supported mainly by equity with only modest leverage, though the cash cushion is thinner than just after listing. Strategically, its strengths lie in brand, trust, and a tight connection to the interior design community, underpinned by ongoing investment in AI‑driven tools and platform improvements. Key uncertainties revolve around the pace at which it can grow revenue in a cyclical luxury segment and whether it can translate its niche, network‑driven position into durable profitability without straining its remaining financial flexibility.

NEWS

November 25, 2025 · 4:10 PM UTC

1stDibs to Participate in Upcoming Investor Conference

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November 17, 2025 · 10:00 AM UTC

2026 Interior Design Trends: 1stDibs Survey Identifies Maximalism, Chocolate Brown, and Vintage Antiques as Top Designer Choices

Read more

November 7, 2025 · 7:00 AM UTC

1stDibs Reports Third Quarter 2025 Financial Results

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October 14, 2025 · 4:10 PM UTC

1stDibs to Announce Third Quarter 2025 Financial Results on November 7, 2025

Read more