Luxury goods etailer 1stdibs Q3 loss narrows due to cost management

1stdibs.com

07/11/2025 12:07

Overview

1stdibs Q3 revenue rises 4% yr/yr, beating analyst expectations

Company reports Q3 net loss of $3.5 mln, improved from $5.7 mln loss last year

Gross margin improves to 74.3% from 71.0% in Q3 2024

Board previously authorizes $12 mln share repurchase program

Outlook

Company expects Q4 2025 GMV between $90 mln and $96 mln

1stdibs.com forecasts Q4 2025 net revenue of $22.3 mln to $23.5 mln

Company anticipates Q4 2025 Adjusted EBITDA margin of 2% to 5%

Result Drivers

STRATEGIC REALIGNMENT - CEO David Rosenblatt attributes improved Adjusted EBITDA margin to major strategic realignment and structural changes

COST MANAGEMENT - CFO Tom Etergino cites disciplined cost management and operating rigor as key to improved financial results

MARKETING EFFICIENCY - Improved marketing efficiency contributed to better-than-expected Adjusted EBITDA, according to CFO Tom Etergino

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$22 mln
$21.50 mln (1 Analyst)
Q3 Net Income
-$3.50 mln
Q3 Gross Margin
74.30%
Q3 Gross Profit
$16.30 mln


Analyst Coverage

The one available analyst rating on the shares is "strong buy"

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

Press Release: ID:nBw89tXj1a

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(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.)