1stdibs.com Inc. is a publicly traded online marketplace specializing in high-end antiques, art, jewelry, and luxury furnishings, founded in 2001. Under CEO Micaela Erlanger, the company capitalizes on a curated inventory and strong dealer partnerships to drive revenue through transaction commissions and membership fees. Its stringent authentication process and focus on rare luxury items solidify its niche market position. Future efforts are centered on digital innovation and global expansion to further enhance its competitive edge.
Financial Statements
In thousands, USD
FY 2025
FY 2024
FY 2023
FY 2022
Total Revenues
89,620
88,257
84,684
96,849
Cost of Sales
24,182
24,831
25,111
29,670
Gross Profit
65,438
63,426
59,573
67,179
Selling, General & Administrative Expenses
57,959
65,456
65,227
72,370
Research & Development Expenses
23,412
21,165
21,644
24,437
Other Operating Expenses
3,033
3,020
3,729
(3,751)
Operating Profit
(18,966)
(26,215)
(31,027)
(25,877)
Interest and Investment Income
3,990
5,942
6,639
1,606
Interest Expense
—
—
—
(11)
Non-Operating Income
1,408
1,684
1,703
1,781
Total Non-Operating Income
5,398
7,626
8,342
3,376
Income Before Provision for Income Taxes
(13,568)
(18,589)
(22,685)
(22,501)
Provision for Income Taxes
98
44
14
37
Consolidated Net Income
(13,666)
(18,633)
(22,699)
(22,538)
Net Income Attributable to Common Shareholders
(13,666)
(18,633)
(22,699)
(22,538)
Basic EPS
-0.38
-0.49
-0.57
-0.59
Diluted EPS
-0.38
-0.49
-0.57
-0.59
Basic Weighted Average Shares Outstanding
36,096
37,820
39,725
38,479
Diluted Weighted Average Shares Outstanding
36,096
37,820
39,725
38,479
Shares Outstanding
36,848
35,828
39,915
39,260
FY 2025
FY 2024
FY 2023
FY 2022
Cash and Cash Equivalents
22,880
25,964
37,395
153,209
Short-Term Investments
72,157
77,919
101,926
—
Total Cash and Cash Equivalents
95,037
103,883
139,321
153,209
Accounts Receivable
422
490
643
972
Other Receivables
1,990
2,833
2,670
2,476
Total Trade Receivables
2,412
3,323
3,313
3,448
Other Current Assets
4,834
4,658
5,246
5,806
Total Current Assets
102,283
111,864
147,880
162,463
Net Property, Plant & Equipment
19,396
23,292
23,039
25,675
Goodwill
—
—
4,116
4,075
Other Long-Term Assets
6,122
6,370
5,780
3,583
Total Assets
132,107
145,758
180,815
195,796
Accounts Payable
8,414
10,833
10,101
10,090
Accrued Expenses
9,461
11,475
10,883
10,761
Current Portion of Leases
4,447
4,186
3,107
2,770
Other Current Liabilities
2,059
1,965
3,618
2,429
Total Current Liabilities
24,381
28,459
27,709
26,050
Leases
14,141
17,970
18,812
21,678
Other Long-Term Liabilities
4
24
6
46
Total Long-Term Liabilities
14,145
17,994
18,818
21,724
Total Liabilities
38,526
46,453
46,527
47,774
Common Stock
441
422
407
393
Treasury Stock
(34,977)
(31,618)
(3,496)
—
Additional Paid-in Capital
474,288
463,224
451,282
439,005
Accumulated Other Comprehensive Income
(153)
(371)
(186)
(356)
Retained Earnings
(346,018)
(332,352)
(313,719)
(291,020)
Total Common Shareholders' Equity
93,581
99,305
134,288
148,022
Total Shareholders' Equity
93,581
99,305
134,288
148,022
Total Liabilities and Shareholders' Equity
132,107
145,758
180,815
195,796
FY 2025
FY 2024
FY 2023
FY 2022
Net Income
(13,666)
(18,633)
(22,699)
(22,538)
Depreciation & Amortization
1,661
1,986
2,278
2,710
Share-Based Compensation Expense
14,055
14,776
12,363
11,214
Other Adjustments
3,576
4,718
89
(5,857)
Changes in Trade Receivables
778
(391)
(135)
(820)
Changes in Other Operating Activities
(8,840)
(5,366)
(5,452)
(12,623)
Cash from Operating Activities
(2,436)
(2,910)
(13,556)
(27,914)
Capital Expenditure
(763)
(1,922)
(1,794)
(93)
Purchases of Intangible Assets
—
—
—
(1,871)
Purchases of Investments
(65,164)
(86,368)
(191,093)
—
Proceeds from Sale of Investments
71,445
110,279
92,653
—
Proceeds from Business Divestments
—
—
—
14,611
Other Investing Activities
—
302
2
(6)
Cash from Investing Activities
5,518
22,291
(100,232)
12,641
Issuance of Common Shares
743
817
353
2,035
Repurchases of Common Shares
(3,359)
(27,743)
(3,374)
—
Net Issuance / (Repurchases) of Common Shares
(2,616)
(26,926)
(3,021)
2,035
Other Financing Activities
(3,772)
(3,780)
(608)
—
Cash from Financing Activities
(6,388)
(30,706)
(3,629)
2,035
Effect of Exchange Rate Changes on Cash and Cash Equivalents
269
(29)
349
(278)
Increase / (Decrease) in Cash, Cash Equivalents and Restricted Cash