| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 23.32 | 4.2% | 5.3% |
| Total Income | 23.32 | 4.2% | 5.3% |
| Expenditure | 25.38 | 1.3% | 8.9% |
| PBT | -0.99 | 54.4% | 76.9% |
| Net Profit | -1.02 | 53.0% | 76.3% |
| OPM | -8.85% | 5.98pp | 16.98pp |
| NPM | -4.39% | 5.32pp | 15.10pp |
| EPS | -0.03 | 50.0% | 75.0% |
1stdibs Reports Q2 2026 Financial Results with Revenue Up 5% YoY
05 Aug 2026 · 5 Aug, 4:37 pm
Summary
1stdibs.com, Inc. reported second quarter 2026 financial results with net revenue of $23.3 million, up 5% year-over-year, and Gross Merchandise Value (GMV) of $96.0 million, up 7% year-over-year. The company achieved a gross margin of 73.9% and narrowed its GAAP net loss to $1.0 million, a significant improvement from the prior year. Non-GAAP Adjusted EBITDA turned positive at $1.3 million. Management highlighted that GMV growth was the strongest since late 2024 and attributed improvements to product roadmap driving structural advantages and a reengineered cost structure converting revenue upside into margin expansion.
Key Highlights
- 1
Net revenue for the second quarter of 2026 was $23.3 million, an increase of 5% year-over-year.
- 2
Gross profit increased by 8% year-over-year to $17.2 million.
- 3
Gross margin improved to 73.9% in Q2 2026, up from 71.8% in the prior year's second quarter.
- 4
GAAP net loss narrowed to $1.0 million in Q2 2026, a significant improvement from a $4.3 million net loss in Q2 2025.
- 5
Non-GAAP Adjusted EBITDA was $1.3 million in Q2 2026, compared to a loss of $1.8 million in Q2 2025.
- 6
Gross Merchandise Value (GMV) reached $96.0 million, an increase of 7% year-over-year, marking the strongest growth rate since late 2024.
- 7
Cash, cash equivalents, and short-term investments totaled $67.7 million as of June 30, 2026.
Management Comments
David Rosenblatt
The second quarter was a proof point for our product, our platform, and our plan. GMV of $96.0 million came in above the high end of guidance, up 7%, our strongest growth rate since late 2024. We believe we gained market share in spite of having reduced Sales and Marketing spend, a combination that tells us our product roadmap is driving structural improvement in our competitive position.
Tom Etergino
The second quarter demonstrated exactly what our reengineered cost structure was designed to do. GMV and revenue both beat the high end of guidance, and Adjusted EBITDA margin of approximately 6%, also well above our guidance range, improved over 13 percentage points versus a year ago. The lower cost structure we built from 2022 through 2025 is converting revenue upside directly into margin expansion.
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