1Stdibs.Com, Inc. ( (DIBS) ) has released its Q1 earnings. Here is a breakdown of the information 1Stdibs.Com, Inc. presented to its investors.
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1stDibs.com, Inc. is a prominent online marketplace specializing in luxury design products, connecting design enthusiasts with sellers of vintage, antique, and contemporary furniture, home décor, art, jewelry, watches, and fashion. The company recently released its financial results for the first quarter of 2025, showcasing a modest increase in net revenue and gross profit compared to the previous year. Despite these gains, the company reported a higher net loss, reflecting ongoing challenges in the current economic environment.
For the first quarter of 2025, 1stDibs reported a net revenue of $22.5 million, marking a 2% increase year-over-year. Gross profit also saw a similar 2% rise, reaching $16.3 million, while the gross margin remained relatively stable at 72.4%. However, the company experienced a GAAP net loss of $4.8 million, up from $3.3 million in the same period last year. On a positive note, the non-GAAP Adjusted EBITDA improved slightly to $(1.7) million from $(1.8) million, indicating some progress in operational efficiency.
The company highlighted a 3% year-over-year increase in Gross Merchandise Value (GMV), totaling $94.7 million, and a 7% rise in active buyers, reaching approximately 65,000. The number of orders remained flat at around 35,000. These metrics suggest that while the company is successfully expanding its customer base, it faces challenges in converting this growth into increased order volume.
Looking ahead, 1stDibs remains cautiously optimistic about its strategic positioning and market share gains. The management emphasized their focus on efficient execution and expense management as they navigate the unpredictable macroeconomic landscape. The company’s guidance for the second quarter of 2025 projects GMV between $85 million and $92 million and net revenue in the range of $21.2 million to $22.5 million, reflecting a continued commitment to growth and operational efficiency.