| Metric | Value ($ M) | Q2 FY25 | Q3 FY24 |
|---|---|---|---|
| Revenue | 21.97 | 0.8% | 3.7% |
| Total Income | 21.97 | 0.8% | 3.7% |
| Expenditure | 26.66 | 4.3% | 6.7% |
| PBT | -3.45 | 19.6% | 39.3% |
| Net Profit | -3.51 | 18.6% | 38.2% |
| OPM | -21.31% | 4.52pp | 13.57pp |
| NPM | -15.96% | 3.53pp | 10.86pp |
| EPS | -0.10 | 16.7% | 33.3% |
1stDibs Reports Q3 2025 Revenue Up 4% YoY
04 May 2026 · 4 May, 7:37 am
Summary
1stdibs.com, Inc. reported financial results for the third quarter ended September 30, 2025. Net revenue was $22.0 million, a 4% increase year-over-year. Gross profit increased by 9% to $16.3 million, with a gross margin of 74.3%. The company's GAAP net loss was $3.5 million, an improvement from the $5.7 million net loss in the third quarter of 2024. The Board authorized a $12 million share repurchase program.
Key Highlights
- 1
Net revenue was $22.0 million, an increase of 4% year-over-year.
- 2
Gross profit was $16.3 million, an increase of 9% year-over-year.
- 3
Gross margin was 74.3%, compared to 71.0% in the third quarter 2024.
- 4
GAAP net loss was $3.5 million compared to a net loss of $5.7 million in the third quarter 2024.
- 5
Non-GAAP Adjusted EBITDA was $(0.2) million, compared to $(3.0) million in the third quarter 2024.
- 6
Gross Merchandise Value (GMV) was $89.1 million, an increase of 5% year-over-year.
- 7
The Board of Directors authorized the repurchase of up to $12.0 million of common stock.
Management Comments
David Rosenblatt
The third quarter represented a major breakthrough defined by focus and execution. We successfully completed a major strategic realignment, making structural changes that directly led to our best Adjusted EBITDA margin as a public company. These strong financial results validate our strategy: we are now well positioned for profitability and market share gains even in a challenging environment.
Tom Etergino
Our third quarter performance reflects disciplined cost management and operating rigor. Through targeted reductions and sharper marketing efficiency, we delivered Adjusted EBITDA well above guidance and our strongest margin performance as a public company. This reset of our expense base accelerates our path to sustained profitability, putting us on track to achieve positive Adjusted EBITDA in the fourth quarter and for the full-year 2026. In addition, with our strong balance sheet and clear visibility to profitability, we were pleased that our Board authorized a $12 million share repurchase program – a reflection of our confidence in the company’s long-term value.
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