Quarterly ResultAug 5, 2026, 07:07 AM
1stDibs Q2 Net Loss Narrows to $1.0M; Adj EBITDA $1.3M
AI Summary
1stdibs.com, Inc. reported strong second-quarter 2026 financial results, with net revenue increasing 5% to $23.3 million and gross profit up 8% to $17.2 million. The company significantly reduced its GAAP net loss to $1.0 million and achieved positive Non-GAAP Adjusted EBITDA of $1.3 million, a substantial improvement from the prior year. GMV grew 7% to $96.0 million, surpassing the high end of guidance, which management attributed to product roadmap improvements and reengineered cost structure. However, the number of orders and active buyers decreased year-over-year, and Q3 2026 guidance suggests a potential slight dip in revenue and a wider range for Adjusted EBITDA margin.
Key Highlights
- Net revenue increased 5% year-over-year to $23.3 million.
- Gross profit rose 8% year-over-year to $17.2 million, with gross margin at 73.9%.
- GAAP net loss significantly narrowed to $1.0 million from $4.3 million in Q2 2025.
- Non-GAAP Adjusted EBITDA turned positive at $1.3 million, up from $(1.8) million.
- GMV increased 7% year-over-year to $96.0 million, exceeding guidance.
- Cash, cash equivalents, and short-term investments totaled $67.7 million.
- Q3 2026 guidance: GMV $89.0M-$94.0M, Net revenue $22.0M-$22.9M, Adj EBITDA margin (1%)-2%.
Price Impact
More from DIBS