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