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1stdibs.com (DIBS)
NASDAQ:DIBS
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1stdibs.com
(NASDAQ:DIBS)
46Neutral
Positive Factors
Conversion Rates
Conversion rates grew for the fifth straight quarter, with improvements seen for both new and returning buyers.
Earnings
1stdibs.com, Inc. reported solid 4Q results, with both revenue and adjusted EBITDA beating consensus estimates.
Negative Factors
Financial Performance
1stdibs.com, Inc. reported slightly softer-than-expected results on both the top and bottom lines, with guidance for 4Q also coming in below expectations.
Guidance
Guidance for 1Q25 came in a bit softer than expected on both the top and bottom line.
1stdibs.com (DIBS) vs. S&P 500 (SPY)
Market Cap
$86.74M
Dividend YieldN/A
Average Volume (3M)115.09K
Price to Earnings (P/E)―
Beta (1Y)0.52
Revenue Growth4.22%
EPS Growth13.35%
CountryUS
Employees284
SectorConsumer Cyclical
Sector Strength58
IndustrySpecialty Retail
Share Statistics
EPS (TTM)-0.14
Shares Outstanding35,694,130
10 Day Avg. Volume119,440
30 Day Avg. Volume115,086
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)0.00
Price to Cash Flow (P/CF)0.00
P/FCF Ratio0.00
Enterprise Value/Market Cap0.87
Enterprise Value/RevenueN/A
Enterprise Value/Gross Profit1.20
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$8.00Price Target Upside206.51% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering3
1stdibs.com Business Overview & Revenue Model
Company Description1stdibs.com, Inc. (DIBS) is a leading online marketplace that connects discerning buyers with a curated selection of high-end, luxury goods. Based in the United States, the company specializes in the sale of unique and exquisite items across various categories including fine art, furniture, jewelry, fashion, and home decor. It caters to a global clientele seeking rare and high-quality products, often sourced from renowned dealers, galleries, and artisans.
How the Company Makes Money1stdibs.com generates revenue primarily through transaction fees and subscription fees. The company charges a commission on each sale made through its platform, which is a percentage of the transaction value. Additionally, 1stdibs offers subscription packages to dealers and sellers, providing them with access to its marketplace and a suite of tools to manage their online presence. These subscription fees vary based on the level of service and exposure desired by the seller. The company also benefits from partnerships with luxury brands and design professionals, which enhance its product offerings and attract a high-end consumer base.
1stdibs.com Financial Statement Overview
Summary
1stdibs.com demonstrates positive revenue and gross margin trends, but profitability remains a significant challenge with persistent negative net income and cash flow issues. While the balance sheet shows low leverage, the company's ability to turn around operational performance will be crucial for future stability.Income Statement
1stdibs.com shows a slight revenue growth of 4.22% from 2023 to 2024, but the company remains unprofitable with a net margin of -21.11% in 2024. The gross profit margin is strong at 71.87%, indicating efficient sales cost management. However, consistent negative EBIT and EBITDA margins reflect operational inefficiencies.―
Balance Sheet
The company has a modest debt-to-equity ratio of 0.22, indicating low leverage, but it has seen declining equity due to continued losses. ROE is negative, reflecting ongoing net losses. A relatively high equity ratio of 68.12% suggests a strong equity base relative to total assets.50
Cash Flow
1stdibs.com shows negative free cash flow, although it has improved from the previous year by 77.04%. The operating cash flow to net income ratio is poor, reflecting cash flow challenges. Free cash flow to net income ratio remains negative, indicating that the company is not generating cash from operations.―
| Breakdown | ||||
| Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 88.26M | 84.68M | 96.85M | 102.73M | 81.86M | Gross Profit |
| 63.43M | 59.71M | 67.18M | 70.56M | 55.91M | EBIT |
| -26.21M | -31.03M | -29.63M | -17.25M | -9.69M | EBITDA |
| -13.18M | -17.81M | -17.24M | -17.81M | -6.48M | Net Income Common Stockholders |
| -18.63M | -22.70M | -22.54M | -20.96M | -12.53M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 103.88M | 139.32M | 153.21M | 168.23M | 54.86M | Total Assets |
| 145.76M | 180.81M | 195.80M | 192.25M | 81.34M | Total Debt |
| 22.16M | 21.92M | 24.45M | 0.00 | 0.00 | Net Debt |
| -3.81M | -15.48M | -128.76M | -168.23M | -54.86M | Total Liabilities |
| 46.45M | 46.53M | 47.77M | 34.82M | 325.29M | Stockholders Equity |
| 99.31M | 134.29M | 148.02M | 157.44M | -243.95M |
| Cash Flow | Free Cash Flow | |||
| -3.53M | -15.35M | -29.88M | -6.64M | -5.27M | Operating Cash Flow |
| -2.91M | -13.56M | -27.91M | -4.40M | -3.44M | Investing Cash Flow |
| 22.29M | -100.23M | 12.64M | -2.27M | 1.29M | Financing Cash Flow |
| -30.71M | -3.63M | 2.04M | 120.05M | 1.56M |
1stdibs.com Technical Analysis
Neutral
2.61
Price Trends
2.85
Negative
3.31
Negative
3.82
Negative
Market Momentum
-0.08
Negative
53.65
Neutral
54.79
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DIBS, the sentiment is Neutral. The current price of 2.61 is above the 20-day moving average (MA) of 2.47, below the 50-day MA of 2.85, and below the 200-day MA of 3.82, indicating a neutral trend. The MACD of -0.08 indicates Negative momentum. The RSI at 53.65 is Neutral, neither overbought nor oversold. The STOCH value of 54.79 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for DIBS.
1stdibs.com Risk Analysis
1stdibs.com disclosed 73 risk factors in its most recent earnings report. 1stdibs.com reported the most risks in the “Finance & Corporate” category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
1stdibs.com Peers Comparison
Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | $32.44B | 16.80 | 36.48% | 1.58% | 2.04% | -15.61% | |
69 Neutral | $1.35B | 27.39 | 11.97% | ― | 9.09% | 106.50% | |
61 Neutral | $6.59B | 11.77 | 3.06% | 3.98% | 2.56% | -20.85% | |
60 Neutral | $4.70B | 32.05 | -39.97% | ― | 2.18% | -32.87% | |
50 Neutral | $3.87B | ― | 17.86% | ― | -0.89% | 46.62% | |
46 Neutral | $86.74M | ― | -15.95% | ― | 4.22% | 13.35% | |
46 Neutral | $356.80M | ― | -1.52% | ― | -7.84% | 88.34% |
* Consumer Cyclical Sector Average
Performance Comparison
DIBS
1stdibs.com
2.67
-3.23
-54.75%
FLWS
1-800 Flowers
5.79
-3.50
-37.67%
EBAY
eBay
70.56
21.14
42.78%
W
Wayfair
33.63
-39.31
-53.89%
ETSY
Etsy
47.86
-15.59
-24.57%
RVLV
Revolve Group
17.43
-4.23
-19.53%
1stdibs.com Earnings Call Summary
Earnings Call Date:May 09, 2025
(Q1-2025)
| % Change Since: -30.59%|
Next Earnings Date:Aug 06, 2025
Earnings Call Sentiment Neutral
The earnings call highlighted several positive developments, including market share gains, conversion rate improvements, and active buyer growth. However, these were tempered by notable challenges, such as traffic and conversion issues, macroeconomic uncertainty, and elevated seller churn. The sentiment is balanced between achievements and challenges.Q1-2025 Updates
Positive Updates
Market Share Gains
The company experienced market share gains for five consecutive quarters, attributed to a focused product development strategy and outperforming end markets in GMV growth.
Conversion Rate Improvements
The first quarter marked the sixth consecutive period of year-over-year conversion rate growth, with a 10% higher conversion rate compared to Q1 2023.
Organic Traffic Growth
Organic traffic returned to growth in Q1, driven by improvements in SEO, direct traffic, and site performance enhancements.
Active Buyer Growth
Active buyers grew 7% year-over-year and 1% sequentially, marking the fourth consecutive quarter of sequential growth.
Machine Learning Pricing Models
The company rolled out machine learning-based pricing models across all categories, improving pricing transparency and supporting higher conversion rates.
Improved Shipping Features
Introduced partial self-service for sellers, allowing them to select optimal shipping methods and providing buyers with real-time best price shipping quotes.
Negative Updates
Traffic and Conversion Challenges
Traffic softened slightly, and conversion gains moderated, affecting order growth, which remained flat.
Macroeconomic Uncertainty
Evolving trade policies and macroeconomic effects have created a tougher demand backdrop, impacting luxury home discretionary spending.
Elevated Seller Churn
Unique seller count decreased 23% year-over-year due to subscription pricing changes, although churn is expected to normalize in Q2 2025.
Softening of Consumer Furniture Conversion
A significant drop-off in conversion from March to April was noted, primarily affecting the consumer furniture segment.
Company Guidance
During the 1stdibs First Quarter 2025 Earnings Conference Call, the company provided several key metrics and insights regarding its performance and future outlook. The company reported GMV of $94.7 million, which represented a 3% growth year-over-year, while net revenue reached $22.5 million, up by 2%. The adjusted EBITDA margin was a loss of 8%, consistent with the previous year. Average order value on the platform grew by 4%, reaching nearly $2,600, with orders over $1,000 seeing a 4% increase. The company maintained a strong cash position of $101 million. Active buyer numbers increased by 7% year-over-year, reaching approximately 64,800, marking the fourth consecutive quarter of sequential growth. The company also highlighted that roughly 70% of its traffic was organic, with conversion rates improving for six straight quarters, although moderating in recent months. Looking ahead, 1stdibs provided guidance for the second quarter, forecasting GMV between $85 million to $92 million and net revenue between $21.2 million to $22.5 million, with an adjusted EBITDA margin loss projected between 10% to 14%.Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
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.