November 7, 2025 — Leads & Copy — 1stDibs.com, Inc. (NASDAQ: DIBS) reported its third-quarter financial results, showing a net revenue of $22.0 million, a 4% increase year-over-year. Gross profit rose by 9% to $16.3 million, with a gross margin of 74.3%, up from 71.0% in the third quarter of 2024. GAAP net loss was $3.5 million, an improvement from the $5.7 million net loss in the same quarter last year.
Non-GAAP Adjusted EBITDA was reported at $(0.2) million, with an Adjusted EBITDA Margin of (1.1)%, compared to $(3.0) million and (14.1)% in the third quarter of 2024. As of September 30, 2025, the company’s cash, cash equivalents, and short-term investments totaled $93.4 million.
CEO of 1stDibs, David Rosenblatt, stated that the third quarter marked a breakthrough due to focused execution and the successful completion of a strategic realignment, leading to the company’s best Adjusted EBITDA margin as a public entity. He affirmed the company’s strategy, indicating they are well-positioned for profitability and market share gains.
CFO of 1st Dibs, Tom Etergino, noted that the quarter’s performance reflected disciplined cost management and operating efficiency. He added that through targeted reductions and marketing efficiency, the company delivered Adjusted EBITDA above guidance. Etergino said the reset of their expense base accelerates their path to sustained profitability, expecting positive Adjusted EBITDA in the fourth quarter and for the full year 2026. The board has authorized a $12 million share repurchase program, showcasing confidence in the company’s long-term value.
Other highlights included the Board of Directors authorizing a repurchase of up to $12.0 million of the company’s common stock on November 4, 2025, replacing the prior August 2024 Stock Repurchase Program.
Key operating metrics included:
Gross Merchandise Value (GMV) at $89.1 million, a 5% increase year-over-year.
The number of orders was approximately 32,000, a 4% decrease year-over-year.
Active buyers totaled approximately 63,000, a 1% increase year-over-year.
The company provided the following financial guidance for the fourth quarter of 2025:
GMV: $90 million – $96 million
Net revenue: $22.3 million – $23.5 million
Adjusted EBITDA margin (non-GAAP): 2% – 5%
1stDibs will host a webcast today at 8:00 a.m. Eastern Time to discuss these results. Investors and participants can access the webcast at the 1stDibs Investor Relations website.
In compliance with disclosure obligations under Regulation FD, 1stDibs announces material information to the public through a variety of means, including filings with the Securities and Exchange Commission, press releases, company blog posts, public conference calls and webcasts, as well as the investor relations website.
The financial results discussed herein are presented on a preliminary basis; final data will be included in 1stDibs’s Quarterly Report on Form 10−Q for the period ended September 30, 2025.
About 1stDibs
1stDibs is an online marketplace connecting design enthusiasts with sellers of vintage, antique, and contemporary furniture, home decor, art, jewelry, watches, and fashion.
Forward-Looking Statements
This press release contains forward-looking statements, and investors are cautioned not to place undue reliance on them.
Tom Etergino, Chief Financial Officer
investors@1stdibs.com
Source: 1stDibs
