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1stdibs.com
(NASDAQ:DIBS)
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Rating:52Neutral
Price Target:
$4.50
▲(0.45% Upside)
Action:Reiterated
Date:10/16/26
The score is held back primarily by weak current fundamentals (ongoing losses and negative free cash flow despite high gross margins and improving loss trends). The latest earnings call provides a meaningful offset with guidance pointing to positive adjusted EBITDA for full-year 2026 and evidence of operational progress, while technicals are mixed (short-term improvement but below key longer-term moving averages). Valuation remains challenged due to negative earnings and no dividend yield provided.
Positive Factors
High Gross Margin
Gross margin near 73.5% gives 1stDibs substantial contribution from each dollar of marketplace revenue and supports reinvestment in product, discovery, and seller services. The margin profile provides a foundation for operating leverage if revenue growth continues and expense discipline is maintained.
Negative Factors
Persistent Losses
The business has improved its loss profile but has not yet reached sustainable profitability, leaving operating performance dependent on further revenue growth and expense control. Continued losses constrain internally funded investment and make margin execution important over the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
High Gross Margin
Gross margin near 73.5% gives 1stDibs substantial contribution from each dollar of marketplace revenue and supports reinvestment in product, discovery, and seller services. The margin profile provides a foundation for operating leverage if revenue growth continues and expense discipline is maintained.
Read all positive factors
1stdibs.com (DIBS) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$152.28M
Dividend YieldN/A
Average Volume (3M)133.37K
Price to Earnings (P/E)―
Beta (1Y)0.56
Revenue Growth2.26%
EPS Growth61.28%
CountryUS
Employees266
SectorCommunication Services
Sector Strength97
IndustrySpecialty Retail
Share Statistics
EPS (TTM)-0.22
Shares Outstanding33,615,290
10 Day Avg. Volume164,127
30 Day Avg. Volume133,373
Financial Highlights & Ratios
PEG Ratio0.70
Price to Book (P/B)2.31
Price to Sales (P/S)2.41
P/FCF Ratio-67.59
Enterprise Value/Market Cap0.77
Enterprise Value/Revenue1.30
Enterprise Value/Gross Profit1.75
Enterprise Value/Ebitda-31.45
Forecast
1Y Price Target
$7.00Price Target Upside56.25% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)-0.17
Revenue Forecast (FY)$91.50M
1stdibs.com Business Overview & Revenue Model
Company Description
1stdibs.Com, Inc. operates an online marketplace for luxury design products worldwide. The company’s marketplace connects customers with sellers and makers of vintage, antique, contemporary furniture, home décor, jewelry, watches, art, and fashion...
How the Company Makes Money
1stDibs primarily makes money by charging marketplace-related fees to sellers for facilitating sales and providing access to its curated platform. Key revenue streams include: (1) Transaction-based revenue: commissions and/or seller fees assessed ...
1stdibs.com Earnings Call Summary
Earnings Call Date:Aug 05, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Nov 05, 2026
Earnings Call Sentiment Positive
The call highlights meaningful operational and financial progress: GMV and revenue beat guidance, AOV and conversion trends improved, adjusted EBITDA margin expanded materially, and targeted AI- and product-led initiatives are driving measurable improvements across discovery, pricing, shipping and service. Offsetting items include a weak macro housing backdrop, a ~10% decline in active buyers following deliberate marketing cuts, take-rate compression from AOV mix shift, and an accounting reclassification that prevents reported positive free cash flow in 2026 despite healthy underlying cash generation. On balance, the positive operational momentum and margin improvement materially outweigh the challenges.Positive Updates
GMV Growth Above Guidance
GMV of $96.0M, up 7% year-over-year, came in above the high end of guidance and was the strongest GMV growth since Q4 2024.
Negative Updates
Challenging Macro Demand
U.S. housing market remains near a 30-year low and syndicated credit card data indicate luxury home furnishings demand declined mid-single digits in Q2, creating a tough external demand backdrop.
Read all updates
Q2-2026 Updates
Positive
Negative
GMV Growth Above Guidance
GMV of $96.0M, up 7% year-over-year, came in above the high end of guidance and was the strongest GMV growth since Q4 2024.
Read all positive updates
Company Guidance
Management guided Q3 GMV of $89–94 million (flat to +6% YoY), net revenue of $22.0–22.9 million (flat to +4%), and adjusted EBITDA margin of −1% to +2%; for full‑year 2026 they now expect GMV to grow year‑over‑year with Q4 GMV also up YoY, revenue take rates of ~24–25% (down from prior 25–26%), a third consecutive year of revenue growth, gross margins of 72–74% (up from 71–73% in 2025) and positive adjusted EBITDA for the year. They cautioned that free cash flow is now unlikely to be positive in 2026 due to an accounting reclassification related to payment processors (≈$5.9M reclassified), notwithstanding an underlying cash generation profile; quarter-end cash, cash equivalents and short‑term investments were $67.7M (down $17.6M sequentially) after $11.1M of share repurchases (≈2.4M shares).1stdibs.com Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
56
Neutral
Cash Flow
28
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 90.64M | 89.62M | 88.26M | 84.68M | 96.85M | 102.73M |
| Gross Profit | 67.13M | 65.44M | 63.43M | 59.71M | 67.18M | 70.56M |
| EBITDA | -3.74M | -8.27M | -13.18M | -17.81M | -17.24M | -17.81M |
| Net Income | -7.74M | -13.67M | -18.63M | -22.70M | -22.54M | -20.96M |
Balance Sheet | ||||||
| Total Assets | 110.36M | 132.11M | 145.76M | 180.81M | 195.80M | 192.25M |
| Cash, Cash Equivalents and Short-Term Investments | 67.72M | 95.04M | 103.88M | 139.32M | 153.21M | 168.23M |
| Total Debt | 16.40M | 18.59M | 22.16M | 21.92M | 24.45M | 0.00 |
| Total Liabilities | 36.63M | 38.53M | 46.45M | 46.53M | 47.77M | 34.82M |
| Stockholders Equity | 73.74M | 93.58M | 99.31M | 134.29M | 148.02M | 157.44M |
Cash Flow | ||||||
| Free Cash Flow | -1.48M | -3.20M | -3.53M | -15.35M | -29.88M | -6.64M |
| Operating Cash Flow | 160.00K | -2.44M | -2.91M | -13.56M | -27.91M | -4.40M |
| Investing Cash Flow | 28.97M | 5.52M | 22.29M | -100.23M | 12.64M | -2.27M |
| Financing Cash Flow | -36.31M | -6.39M | -30.71M | -3.63M | 2.04M | 120.05M |
1stdibs.com Technical Analysis
Positive
4.48
Price Trends
4.31
Positive
4.40
Positive
4.86
Negative
Market Momentum
0.04
Negative
63.20
Neutral
87.55
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DIBS, the sentiment is Positive. The current price of 4.48 is above the 20-day moving average (MA) of 4.07, above the 50-day MA of 4.31, and below the 200-day MA of 4.86, indicating a neutral trend. The MACD of 0.04 indicates Negative momentum. The RSI at 63.20 is Neutral, neither overbought nor oversold. The STOCH value of 87.55 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for DIBS.
1stdibs.com Risk Analysis
1stdibs.com disclosed 10 risk factors in its most recent earnings report. 1stdibs.com reported the most risks in the "Legal & Regulatory" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 1 New Risks
1stdibs.com Peers Comparison
UnderperformOutperform
Sector (60)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | $7.98B | 41.00 | -17.67% | ― | 0.73% | 44.07% | |
62 Neutral | $15.41B | -45.77 | 11.48% | ― | 7.46% | -2.70% | |
61 Neutral | $196.15M | -9.27 | -3.70% | ― | 11.59% | 25.34% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
55 Neutral | $5.12M | -0.75 | -46.24% | 14.09% | 24.08% | 21.73% | |
52 Neutral | $152.28M | -20.72 | -8.97% | ― | 2.26% | 61.28% | |
43 Neutral | $183.57M | -1.36 | -63.92% | ― | -10.81% | 33.07% |
* Communication Services Sector Average
DIBS
1stdibs.com
4.53
1.10
32.07%
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1stdibs.com Corporate Events
Business Operations and StrategyProduct-Related Announcements
1stdibs.com Unveils 2026 AI-Driven Growth Roadmap
Positive
Sep 2, 2026
On September 2, 2026, 1stdibs.com posted an updated investor presentation outlining its 2026 product roadmap and strategic priorities, emphasizing a customer problem–driven approach. Management detailed how research across buyer and seller c...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.