1Stdibs.Com, Inc. ( (DIBS) ) has released its Q2 earnings. Here is a breakdown of the information 1Stdibs.Com, Inc. presented to its investors.
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1stdibs.com, Inc. is a prominent online marketplace specializing in luxury design products, connecting design enthusiasts with sellers of vintage, antique, and contemporary furniture, home décor, art, jewelry, watches, and fashion. In its second quarter of 2025, 1stDibs reported stable financial results with net revenue and gross profit remaining flat year-over-year at $22.1 million and $15.9 million, respectively. The company maintained a gross margin of 71.8%, slightly up from the previous year, while its GAAP net loss narrowed slightly to $4.3 million from $4.4 million in the same period last year.
Key financial metrics highlighted include a decrease in Gross Merchandise Value (GMV) by 2% to $89.9 million and a 3% decline in the number of orders. However, the company saw a 5% increase in active buyers, reaching approximately 64,000. Despite these mixed results, 1stDibs emphasized its focus on product innovation and operational efficiency, which have contributed to conversion gains and a strengthened marketplace.
The company also reported a decrease in total operating expenses by 4% year-over-year, demonstrating effective cost management. Cash, cash equivalents, and short-term investments totaled $94.3 million as of June 30, 2025, indicating a strong liquidity position. Looking ahead, 1stDibs provided guidance for the third quarter of 2025, projecting GMV between $83 million and $89 million and net revenue between $21.0 million and $22.1 million.
In conclusion, 1stDibs remains committed to its strategic objectives, focusing on product innovation and operational efficiency to navigate a challenging luxury goods market. The company aims to continue improving customer engagement and conversion rates while managing expenses prudently to support future growth.