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1Stdibs.Com (DIBS) investor relations material
1Stdibs.Com Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary7 Nov, 2025
Executive summary
Net revenue for Q3 2025 was $22.0 million, up 4% year-over-year, with gross profit rising 9% to $16.3 million and gross margin improving to 74.3% from 71.0% a year ago.
GMV reached $89.1 million, up 5% year-over-year, with adjusted EBITDA loss improving to $(0.2) million and margin at (1.1)% versus (14.1)% last year.
Net loss narrowed to $3.5 million from $5.7 million in Q3 2024, reflecting disciplined cost management and strategic realignment.
The platform operates an asset-light, two-sided marketplace with 63,200 active buyers and 5,800 unique sellers.
AI and machine learning are being actively deployed to drive revenue growth and operational efficiency.
Financial highlights
Gross margin for Q3 2025 was 74.3%, up from 71.0% in Q3 2024, aided by cost controls and a non-recurring insurance recovery.
Adjusted EBITDA margin improved to (1.1)% in Q3 2025 from (14.1)% in Q3 2024.
Cash, cash equivalents, and short-term investments totaled $93.4 million as of September 30, 2025.
Operating expenses declined 6% year-over-year, reflecting cost controls and workforce reductions.
Cumulative GMV surpassed $3.1 billion, with over 1 million cumulative orders.
Outlook and guidance
Q4 2025 guidance: GMV of $90–96 million, net revenue of $22.3–$23.5 million, and Adjusted EBITDA margin of 2–5%.
On track to achieve positive Adjusted EBITDA in Q4 2025 and for full-year 2026, assuming low single-digit revenue growth.
Management expects continued operating losses in the near term as investments in growth persist.
Detail structural changes for sustained profitability
Strategy for $12M share repurchase program
What caused order count to drop despite GMV growth?
Impact of 50% P&E headcount on growth
What is the long-term GMV impact of price parity?
Why no churn from recent seller price increase?
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Next 1Stdibs.Com earnings date
Q4 20252 Mar, 2026
Next 1Stdibs.Com earnings date
Q4 20252 Mar, 2026
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Frequently asked questions
1stdibs.com, founded in 2002, is designed to connect the world's leading dealers of antiques and vintage furniture, jewelry, architectural goods and fashion with an international community of buyers. The website offers the most comprehensive selection of exceptional goods on the market, and since its launch has been recognized by The New York Times, Forbes and Vogue among others as the ultimate destination for affordable one-of-a-kind pieces.
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