- 1stdibs.com, Inc. (DIBS, Financial) reported a 2% increase in net revenue for Q1 2025, totaling $22.5 million.
- The company's gross merchandise value (GMV) rose 3% year-over-year to $94.7 million.
- 1stdibs posted a GAAP net loss of $4.8 million, compared to a $3.3 million loss in Q1 2024.
1stdibs.com, Inc. (DIBS), a prominent online marketplace for luxury design products, has released its financial results for the first quarter ending March 31, 2025. The company achieved a net revenue of $22.5 million, representing a 2% year-over-year growth. Despite the increase in revenue, 1stdibs reported a GAAP net loss of $4.8 million, compared to the previous year's loss of $3.3 million.
The company's gross margin slightly decreased to 72.4% from 72.5% in the first quarter of 2024. Meanwhile, the non-GAAP Adjusted EBITDA was reported at $(1.7) million, with an adjusted EBITDA margin of (7.8)%, showing a minimal improvement from the previous year’s figures of $(1.8) million and (8.1)% respectively.
Gross Merchandise Value (GMV), a key performance metric for the company, increased by 3% year-over-year, reaching $94.7 million. The number of orders remained stable at approximately 35,000, while active buyers grew by 7% to 65,000.
Looking ahead, 1stdibs provided its financial guidance for the second quarter of 2025, projecting GMV between $85 million and $92 million, with net revenue expected to range from $21.2 million to $22.5 million. The company's focus remains on strategic execution and market share expansion, as highlighted by CEO David Rosenblatt and CFO Tom Etergino during the earnings announcement.
