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

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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:

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