Financials

1stdibs.com Inc. financials

DIBS Specialty Retail

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.

Snapshot

1stdibs.com Inc. reported $90M in revenue in fiscal 2025, up 1.5% year over year, with an operating margin of -21.2%.

Revenue (FY2025): $90M
YoY growth: +1.5%
Operating margin: -21.2%
Direction: Expanding

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

In thousands, USD
	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

In thousands, USD
	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	(3,037)	(11,354)	(117,068)	(13,516)

Key metrics

$221M

Market Cap

-15.76x

P/E

2.46x

P/S

-8.34x

EV/EBITDA

-14.2%

Return on Equity

-50.0%

Return on Invested Capital

4.20x

Current Ratio

-3.6%

Free Cash Flow Margin

Quarterly trend

Quarter	Revenue	YoY growth	Operating margin	Operating income
Q1 2026	$22M	+-0.7%	-14.8%	$-3M
Q4 2025	$23M	+0.9%	-10.1%	$-2M
Q3 2025	$22M	+3.7%	-21.3%	$-5M
Q2 2025	$22M	+-0.4%	-25.8%	$-6M
Q1 2025	$23M	—	-27.7%	$-6M
Q4 2024	$23M	—	-30.6%	$-7M
Q3 2024	$21M	—	-34.9%	$-7M
Q2 2024	$22M	—	-29.2%	$-6M

Margins

73.0%

Gross margin

-21.2%

Operating margin

-15.2%

Net margin

Snapshot

Financial statements

Key metrics

Quarterly trend

Margins

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