1stdibs.com (NASDAQ:DIBS) Releases Quarterly Earnings Results, Misses Expectations By $0.02 EPS

Key Points

• 1stdibs.com missed quarterly expectations, reporting an EPS loss of $0.06 versus the $0.04 loss expected. Revenue came in at $22.39 million, also slightly below analyst estimates.
• The company highlighted improving profitability and liquidity, with positive adjusted EBITDA for a second straight quarter, $8.0 million in free cash flow, and $85.3 million in cash after share repurchases.
• Despite those positives, operating trends remained weak, as GMV fell 5% and active buyers declined about 10% amid reduced marketing spend and a soft U.S. housing market. Management is leaning on tech investment, AI tools, and pricing/shipping improvements to support future growth.

1stdibs.com (NASDAQ:DIBS - Get Free Report) issued its earnings results on Friday. The company reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.02), Zacks reports. The business had revenue of $22.39 million during the quarter, compared to analyst estimates of $22.73 million. 1stdibs.com had a negative return on equity of 14.44% and a negative net margin of 15.25%.

Here are the key takeaways from 1stdibs.com's conference call:

• 1stDibs reported positive adjusted EBITDA for the second consecutive quarter (~$600k), generated $8.0M of free cash flow in Q1, and ended the quarter with $85.3M in cash after ~$9.1M of share repurchases.
• Top-line activity remained soft: GMV was $89.7M (down 5%) and net revenue $22.4M (down 1%), with active buyers falling ~10% as a result of deliberate sales and performance marketing reductions and a weak U.S. housing backdrop.
• Management is reallocating spend toward product and engineering (Tech spend +10%; AI-assisted development now >50% of new code) and reported immediate gains in discovery metrics (search success +4%, null results -25%) with visual search launching in Q2 and natural-language search planned later in 2026.
• Operational levers to boost conversion and margins include pricing and shipping initiatives — price-parity coverage rose 44%, take rates increased ~120 bps, USPS integration cut small-parcel rates ~30–50%, and tracking support will expand from ~10 to 70+ carriers.

1stdibs.com Stock Performance

Shares of NASDAQ:DIBS traded down $0.18 during midday trading on Friday, hitting $4.28. 279,608 shares of the stock were exchanged, compared to its average volume of 147,996. 1stdibs.com has a 52-week low of $2.35 and a 52-week high of $6.62. The business's fifty day simple moving average is $5.45 and its two-hundred day simple moving average is $5.33. The company has a market capitalization of $155.71 million, a PE ratio of -10.97 and a beta of 0.76.

Analyst Upgrades and Downgrades

DIBS has been the subject of several recent analyst reports. Northland Securities raised 1stdibs.com from a "market perform" rating to an "outperform" rating and set a $7.00 target price for the company in a research report on Tuesday, March 3rd. Wall Street Zen cut 1stdibs.com from a "buy" rating to a "hold" rating in a research report on Saturday, May 2nd. Finally, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of 1stdibs.com in a research report on Friday, March 27th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $7.00.

Insider Activity

In related news, General Counsel Melanie F. Goins sold 12,248 shares of the stock in a transaction on Monday, March 9th. The stock was sold at an average price of $5.50, for a total transaction of $67,364.00. Following the completion of the sale, the general counsel directly owned 224,270 shares in the company, valued at approximately $1,233,485. This trade represents a 5.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold 15,000 shares of company stock worth $82,553 in the last ninety days. 24.21% of the stock is currently owned by company insiders.

Institutional Trading of 1stdibs.com

Hedge funds and other institutional investors have recently modified their holdings of the company. JPMorgan Chase & Co. raised its holdings in shares of 1stdibs.com by 59.1% during the third quarter. JPMorgan Chase & Co. now owns 10,395 shares of the company's stock worth $27,000 after acquiring an additional 3,862 shares in the last quarter. Jump Financial LLC purchased a new stake in shares of 1stdibs.com during the second quarter worth $30,000. Elevation Point Wealth Partners LLC purchased a new stake in shares of 1stdibs.com during the third quarter worth $34,000. Bank of America Corp DE raised its holdings in shares of 1stdibs.com by 43.5% during the third quarter. Bank of America Corp DE now owns 13,216 shares of the company's stock worth $34,000 after acquiring an additional 4,006 shares in the last quarter. Finally, Jane Street Group LLC purchased a new stake in shares of 1stdibs.com during the first quarter worth $45,000. 66.97% of the stock is currently owned by hedge funds and other institutional investors.

1stdibs.com Company Profile

1stDibs.com is an online marketplace specializing in high-end furniture, fine art, jewelry, watches, fashion and decor. The platform curates offerings from independent dealers, galleries and luxury brands, enabling vetted sellers to reach discerning buyers around the world. Headquartered in New York with an additional office in Paris, 1stDibs has built a reputation for quality and authenticity through rigorous seller screening and detailed item vetting.

Launched in 2001 by founder Michael Bruno, the company has grown into a leading destination for both private collectors and interior design professionals.

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