Quarterly ResultMay 8, 2026, 07:07 AM
1stDibs Q1 Net Revenue $22.4M, Net Loss $2.2M; Positive Adj. EBITDA
AI Summary
1stDibs.com, Inc. reported its first quarter 2026 financial results, with net revenue decreasing 1% year-over-year to $22.4 million. Despite declines in GMV, orders, and active buyers, the company significantly reduced its GAAP net loss to $2.2 million and achieved positive non-GAAP Adjusted EBITDA of $0.6 million for the second consecutive quarter. Management expressed confidence in their re-engineered cost base and reiterated their full-year positive Adjusted EBITDA and free cash flow outlook, expecting a return to GMV growth by Q4 2026.
Key Highlights
- Net revenue was $22.4 million, a decrease of 1% year-over-year.
- Gross profit increased 2% year-over-year to $16.7 million, with gross margin at 74.4%.
- GAAP net loss significantly narrowed to $2.2 million from $4.8 million in Q1 2025.
- Non-GAAP Adjusted EBITDA was positive at $0.6 million (2.5% margin), compared to a loss of $(1.7) million in Q1 2025.
- Gross Merchandise Value (GMV) decreased 5% year-over-year to $89.7 million.
- Number of Orders decreased 12% year-over-year to approximately 31K.
- Active Buyers decreased 10% year-over-year to approximately 58K.
- Cash, cash equivalents, and short-term investments totaled $85.3 million as of March 31, 2026.
- Q2 2026 GMV guidance is $86.0 million - $91.0 million, and net revenue guidance is $21.6 million - $22.6 million.
- Q2 2026 Adjusted EBITDA margin guidance is (2%) - 2%.