| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 22.39 | 0.7% |
| Total Income | 22.39 | 0.7% |
| Expenditure | 25.71 | 10.7% |
| PBT | -2.17 | 54.8% |
| Net Profit | -2.17 | 54.9% |
| OPM | -14.82% | 12.92pp |
| NPM | -9.71% | 11.61pp |
| EPS | -0.06 | 57.1% |
1stDibs Reports Q1 2026 Revenue of $22.4 Million
08 May 2026 · 8 May, 4:37 pm
Summary
1stDibs reported its financial results for the first quarter ended March 31, 2026. Net revenue was $22.4 million, a decrease of 1% year-over-year. Gross profit increased by 2% year-over-year to $16.7 million, with a gross margin of 74.4%. The company's GAAP net loss was $2.2 million, an improvement from the $4.8 million net loss in the first quarter of 2025. The company delivered positive Adjusted EBITDA for the second consecutive quarter.
Key Highlights
- 1
Net revenue was $22.4 million, a decrease of 1% year-over-year.
- 2
Gross profit was $16.7 million, an increase of 2% year-over-year.
- 3
Gross margin was 74.4%, compared to 72.4% in the first quarter 2025.
- 4
GAAP net loss was $2.2 million compared to a net loss of $4.8 million in the first quarter 2025.
- 5
Non-GAAP Adjusted EBITDA was $0.6 million, compared to $(1.7) million in the first quarter 2025.
- 6
Adjusted EBITDA Margin was 2.5%, compared to (7.8)% in the first quarter 2025.
- 7
Cash, cash equivalents and short-term investments totaled $85.3 million as of March 31, 2026.
Management Comments
David Rosenblatt
The first quarter was exactly what we had expected it would be: on plan, Adjusted EBITDA positive, and progressing on the foundational product, marketing and service work that will drive our return to GMV growth by the fourth quarter. Our 2026 financial framework is unchanged, and our conviction in the durability of our marketplace — built on curation, scarcity, and human expertise — has never been stronger.”
Tom Etergino
The first quarter is further proof that our re-engineered cost base is working. We delivered positive Adjusted EBITDA for the second consecutive quarter, generated free cash flow, and continued to reallocate resources toward product and engineering, our highest-ROI investment. The structural work we have done since 2022 is showing up directly in our results, and we remain confident in delivering full-year positive Adjusted EBITDA and free cash flow.
Informational and educational content only. Not investment advice.