1stdibs.com prelim Q1 revenue falls on order decline

1stdibs.com

08/05/2026 12:12

Overview

U.S. luxury design marketplace's preliminary Q1 revenue fell 1% yr/yr to $22.4 mln

Company posted positive adjusted EBITDA for Q1 after cost base restructuring

Gross merchandise value, number of orders, and active buyers all declined yr/yr

Outlook

1stdibs.Com expects Q2 2026 GMV between $86 mln and $91 mln

Company sees Q2 2026 net revenue of $21.6 mln to $22.6 mln

1stdibs.Com expects Q2 2026 adjusted EBITDA margin of (2%) to 2%

Result Drivers

COST BASE RESTRUCTURING - Co said positive adjusted EBITDA was driven by a re-engineered cost base and resource reallocation toward product and engineering

Company press release: ID:nBw4Xcs68a

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Miss
$22.40 mln
$22.73 mln (2 Analysts)
Q1 Net Income
-$2.20 mln
Q1 Gross Margin
74.40%
Q1 Gross Profit
$16.70 mln


Analyst Coverage

The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the online services peer group is "buy."

Wall Street's median 12-month price target for 1stdibs.Com Inc is $7.00, about 57% above its May 7 closing price of $4.46

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)