1stdibs Q2 revenue flat, net loss narrows to $4.3 mln

1stdibs.com

06/08/2025 12:13

Overview

1stdibs Q2 revenue flat yr/yr at $22.1 mln

GAAP net loss slightly improves to $4.3 mln from $4.4 mln

Active buyers rise 5% yr/yr, GMV declines 2% yr/yr

Outlook

Company expects Q3 2025 GMV between $83 mln and $89 mln

1stdibs forecasts Q3 net revenue of $21 mln to $22.1 mln

Company anticipates Q3 adjusted EBITDA margin of -12% to -8%

1stdibs focused on product innovation amid challenging luxury market

Result Drivers

PRODUCT INNOVATION - CEO David Rosenblatt attributes consistent conversion gains to focus on product innovation and operational efficiency

EXPENSE MANAGEMENT - CFO Tom Etergino highlights a 4% decrease in operating expenses year-over-year

ACTIVE BUYERS - Active buyers increased by 5% year-over-year, indicating improved customer engagement

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
$22.10 mln
Q2 EPS
-$0.12
Q2 Net Income
-$4.30 mln
Q2 Gross Margin
71.8%
Q2 Gross Profit
$15.90 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 $6.00, about 56.2% above its August 5 closing price of $2.63

Press Release: ID:nBw5RKprTa

(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.)