1stdibs.com (DIBS)
NASDAQ:DIBS
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1stdibs.com
(NASDAQ:DIBS)
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Rating:51Neutral
Price Target:
$5.00
▼(-16.39% Downside)
Action:ReiteratedDate:03/04/26
The score is held back primarily by ongoing net losses and persistent negative free cash flow despite improving revenue growth and strong gross margins. The latest earnings call adds support via improving unit economics and a credible path toward positive EBITDA/FCF in 2026, but near-term top-line pressure and execution risk remain. Technicals are neutral-to-slightly constructive, while valuation is constrained by negative earnings and no indicated dividend support.
Positive Factors
High gross margin and accelerating revenue
Sustained ~73–74% gross margins plus accelerating revenue in 2025 create durable operating leverage: the business can convert additional GMV into gross profit quickly. That margin structure supports a credible path to sustained adjusted EBITDA and eventual free cash flow if fixed costs remain disciplined.
Negative Factors
Persistent negative operating and free cash flow
Ongoing negative operating and free cash flow erodes runway and forces tradeoffs between growth investments and capital conservation. Until OCF turns consistently positive, the company faces financing risk, constrained reinvestment capacity, and pressure to sustain cost reductions without compromising product roadmaps.
Read all positive and negative factors
Positive Factors
Negative Factors
High gross margin and accelerating revenue
Sustained ~73–74% gross margins plus accelerating revenue in 2025 create durable operating leverage: the business can convert additional GMV into gross profit quickly. That margin structure supports a credible path to sustained adjusted EBITDA and eventual free cash flow if fixed costs remain disciplined.
Read all positive factors
1stdibs.com (DIBS) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$167.36M
Dividend YieldN/A
Average Volume (3M)438.99K
Price to Earnings (P/E)―
Beta (1Y)0.68
Revenue Growth1.54%
EPS Growth23.38%
CountryUS
Employees284
SectorCommunication Services
Sector Strength97
IndustrySpecialty Retail
Share Statistics
EPS (TTM)-0.39
Shares Outstanding36,382,030
10 Day Avg. Volume273,330
30 Day Avg. Volume438,990
Financial Highlights & Ratios
PEG Ratio0.70
Price to Book (P/B)2.31
Price to Sales (P/S)2.41
P/FCF Ratio-67.59
Enterprise Value/Market Cap0.97
Enterprise Value/Revenue1.82
Enterprise Value/Gross Profit2.49
Enterprise Value/Ebitda-12.17
Forecast
1Y Price Target
$7.00Price Target Upside17.06% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)-0.24
Revenue Forecast (FY)$90.60M
1stdibs.com Business Overview & Revenue Model
Company Description
1stdibs.Com, Inc. operates an online marketplace for vintage, antique, and contemporary furniture, home décor, jewelry, watches, art, and fashion products worldwide. The company offers online marketplace that enables commerce between sellers and b...
How the Company Makes Money
1stdibs primarily makes money by monetizing transactions and seller participation on its marketplace. Key revenue streams include: (1) Seller fees (e.g., subscription and/or listing-related fees) paid by dealers, galleries, and other professional ...
1stdibs.com Earnings Call Summary
Earnings Call Date:Feb 27, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:May 08, 2026
Earnings Call Sentiment Positive
The call highlights a major operational inflection—first quarter of adjusted EBITDA profitability, meaningful expense reductions, margin expansion, stronger unit economics (higher AOV, conversion, take rate) and a healthy cash position—offset by continued top‑line pressures (GMV and order volume declines) largely driven by intentional marketing discipline and near‑term reinvestment. Management emphasizes confidence in a multi‑quarter product roadmap (AI search, pricing parity, shipping and service improvements) to drive a GMV recovery by Q4 2026, but that recovery is subject to execution and macro stability.Positive Updates
Adjusted EBITDA Profitability and Margin Expansion
Q4 adjusted EBITDA of $1.3M (6% margin), the company's first quarter of adjusted EBITDA profitability as a public company, a turnaround from a $1.6M loss the prior year and an approximately 1,300 basis point expansion year‑over‑year.
Negative Updates
GMV and Order Volume Declines
Q4 GMV was $90.2M, down 5% year‑over‑year and at the low end of guidance. Order volumes declined ~9% YoY, reflecting lower volume despite higher AOV and conversion gains.
Read all updates
Q4-2025 Updates
Positive
Negative
Adjusted EBITDA Profitability and Margin Expansion
Q4 adjusted EBITDA of $1.3M (6% margin), the company's first quarter of adjusted EBITDA profitability as a public company, a turnaround from a $1.6M loss the prior year and an approximately 1,300 basis point expansion year‑over‑year.
Read all positive updates
Company Guidance
The company’s guidance for 2026 centers on profitable, quality growth: Q1 GMV is guided to $86.5M–$91.5M (down 9% to 3% YoY), net revenue $22.1M–$23.1M (down 2% to up 2%), and adjusted EBITDA margin between breakeven and +4%; management reiterated it will not provide full-year GMV guidance but expects a return to YoY GMV growth by Q4 2026 and a third consecutive year of revenue growth with positive adjusted EBITDA and positive free cash flow for the full year. They also forecast expanded gross margins of 72%–74% (versus 71%–73% in 2025) and higher revenue take rates of 25%–26% (up from 24%–25%), using Q4’s baseline performance (GMV $90.2M; adjusted EBITDA $1.3M, 6% margin) as the launch point.1stdibs.com Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
63
Positive
Cash Flow
30
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 89.62M | 88.26M | 84.68M | 96.85M | 102.73M |
| Gross Profit | 65.44M | 63.43M | 59.71M | 67.18M | 70.56M |
| EBITDA | -8.27M | -13.18M | -17.81M | -17.24M | -17.81M |
| Net Income | -13.67M | -18.63M | -22.70M | -22.54M | -20.96M |
Balance Sheet | |||||
| Total Assets | 132.11M | 145.76M | 180.81M | 195.80M | 192.25M |
| Cash, Cash Equivalents and Short-Term Investments | 95.04M | 103.88M | 139.32M | 153.21M | 168.23M |
| Total Debt | 18.59M | 22.16M | 21.92M | 24.45M | 0.00 |
| Total Liabilities | 38.53M | 46.45M | 46.53M | 47.77M | 34.82M |
| Stockholders Equity | 93.58M | 99.31M | 134.29M | 148.02M | 157.44M |
Cash Flow | |||||
| Free Cash Flow | -3.20M | -3.53M | -15.35M | -29.88M | -6.64M |
| Operating Cash Flow | -2.44M | -2.91M | -13.56M | -27.91M | -4.40M |
| Investing Cash Flow | 5.52M | 22.29M | -100.23M | 12.64M | -2.27M |
| Financing Cash Flow | -6.39M | -30.71M | -3.63M | 2.04M | 120.05M |
1stdibs.com Technical Analysis
Positive
5.98
Price Trends
5.47
Positive
5.65
Positive
4.33
Positive
Market Momentum
0.10
Negative
64.92
Neutral
84.72
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DIBS, the sentiment is Positive. The current price of 5.98 is above the 20-day moving average (MA) of 5.55, above the 50-day MA of 5.47, and above the 200-day MA of 4.33, indicating a bullish trend. The MACD of 0.10 indicates Negative momentum. The RSI at 64.92 is Neutral, neither overbought nor oversold. The STOCH value of 84.72 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for DIBS.
1stdibs.com Risk Analysis
1stdibs.com disclosed 73 risk factors in its most recent earnings report. 1stdibs.com reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
1stdibs.com Peers Comparison
UnderperformOutperform
Sector (60)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | $6.08B | 17.26 | -33.00% | ― | 1.78% | 75.71% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
56 Neutral | $166.65M | -7.20 | -6.45% | ― | 5.82% | -35.69% | |
54 Neutral | $232.56M | 0.88 | -77.77% | ― | -9.81% | -2900.45% | |
51 Neutral | $167.36M | -51.93 | -14.44% | ― | 1.54% | 23.38% | |
49 Neutral | $8.48B | -23.46 | 11.30% | ― | 6.80% | 18.24% | |
49 Neutral | $5.53M | -0.25 | ― | ― | 24.08% | 21.73% |
* Communication Services Sector Average
DIBS
1stdibs.com
4.60
2.12
85.48%
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Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.