1stdibs.com (DIBS)
NASDAQ:DIBS
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1stdibs.com
(NASDAQ:DIBS)
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Rating:46Neutral
Price Target:
$4.50
▼(-24.75% Downside)
Action:Reiterated
Date:06/01/26
DIBS scores low primarily due to deteriorating TTM revenue and ongoing losses/cash burn, which outweigh a supportive leverage position. Technicals also weaken the outlook with the stock trading below key moving averages and negative MACD. Offsetting factors include improving margins and recent positive adjusted EBITDA/free cash flow discussed on the earnings call, but near-term demand and guidance uncertainty keep the score constrained.
Positive Factors
High Gross Margins
Sustained gross margins near 72%–74% indicate the marketplace captures significant value on transactions. High gross margins provide a durable profit cushion to absorb marketing or GMV volatility, fund product/fulfillment investments, and materially improve odds of converting margin gains to operating profitability over time.
Negative Factors
Revenue and GMV Declines
Material TTM revenue deterioration signals a loss of scale and weak demand in core categories. Persistent top-line compression impairs operating leverage, makes it harder to cover fixed costs, and risks reversing margin gains unless buyer engagement and GMV recover sustainably.
Read all positive and negative factors
Positive Factors
Negative Factors
High Gross Margins
Sustained gross margins near 72%–74% indicate the marketplace captures significant value on transactions. High gross margins provide a durable profit cushion to absorb marketing or GMV volatility, fund product/fulfillment investments, and materially improve odds of converting margin gains to operating profitability over time.
Read all positive factors
1stdibs.com (DIBS) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$144.16M
Dividend YieldN/A
Average Volume (3M)438.99K
Price to Earnings (P/E)―
Beta (1Y)0.67
Revenue Growth0.81%
EPS Growth44.38%
CountryUS
Employees284
SectorCommunication Services
Sector Strength97
IndustrySpecialty Retail
Share Statistics
EPS (TTM)-0.31
Shares Outstanding35,333,510
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/Revenue1.56
Enterprise Value/Gross Profit2.12
Enterprise Value/Ebitda-21.21
Forecast
1Y Price Target
$7.00Price Target Upside17.06% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)-0.22
Revenue Forecast (FY)$90.63M
1stdibs.com Business Overview & Revenue Model
Company Description
1stdibs.Com, Inc. manages a leading global online marketplace dedicated to high-end vintage, antique, and contemporary luxury goods. This platform offers a curated selection of items, including furniture, home décor, jewelry, watches, fine art, an...
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:May 08, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Aug 12, 2026
Earnings Call Sentiment Neutral
The call presented a mixed but constructive picture: management emphasized disciplined cost reductions, margin expansion, positive adjusted EBITDA for a second consecutive quarter, improving unit economics (AOV and conversion), and measurable product and AI-driven progress that should compound over time. Offsetting these positives are continued YoY declines in GMV, order volume and active buyers driven by a weak housing market and a deliberate pullback in performance marketing. Near-term guidance carries some uncertainty, but the company reaffirmed its 2026 targets (positive full-year adjusted EBITDA and free cash flow, return to GMV growth by Q4) and laid out concrete product and shipping initiatives intended to drive recovery.Positive Updates
Adjusted EBITDA Profitability and Early Cash Generation
Adjusted EBITDA of approximately $600,000 (≈2.5% margin), positive for the second consecutive quarter. Generated positive free cash flow of $800,000 and $1.1 million of cash flow from operations. Cash, cash equivalents and short-term investments ended the quarter at $85.3 million.
Negative Updates
GMV, Revenue, Order Volume and Traffic Declines
Gross merchandise volume (GMV) was $89.7 million, down ~5% year-over-year. Net revenue was $22.4 million, down ~1%. Order volume declined ~12%, and overall traffic fell (paid and organic) driven largely by reduced marketing activity. Active buyers declined ~10% to ~58,300.
Read all updates
Q1-2026 Updates
Positive
Negative
Adjusted EBITDA Profitability and Early Cash Generation
Adjusted EBITDA of approximately $600,000 (≈2.5% margin), positive for the second consecutive quarter. Generated positive free cash flow of $800,000 and $1.1 million of cash flow from operations. Cash, cash equivalents and short-term investments ended the quarter at $85.3 million.
Read all positive updates
Company Guidance
1stDibs guided Q2 GMV of $86–$91M (down 4% to up 1% YoY), net revenue of $21.6–$22.6M (down 2% to up 2%), and adjusted EBITDA margin between −2% and +2%; it reaffirmed its 2026 framework of positive full‑year adjusted EBITDA and positive free cash flow, a third consecutive year of revenue growth, a return to YoY GMV growth by Q4, gross margins of 72–74% (up from 71–73% in 2025) and revenue take rates of 25–26% (up from 24–25% in 2025). Guidance is set against Q1 anchors—GMV $89.7M (−5%), net revenue $22.4M (−1%), adjusted EBITDA ≈$0.6M (~2.5% margin), free cash flow $0.8M and cash/short‑term investments $85.3M—and reflects the deliberate late‑2025 cut in sales & marketing, continued product and engineering reinvestment, and expected sequential improvement in conversion and AOV.1stdibs.com Financial Statement Overview
Summary
Income Statement
28
Negative
Balance Sheet
62
Positive
Cash Flow
34
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 89.46M | 89.62M | 88.26M | 84.68M | 96.85M | 102.73M |
| Gross Profit | 65.80M | 65.44M | 63.43M | 59.71M | 67.18M | 70.56M |
| EBITDA | -6.58M | -8.27M | -13.18M | -17.81M | -17.24M | -17.81M |
| Net Income | -11.03M | -13.67M | -18.63M | -22.70M | -22.54M | -20.96M |
Balance Sheet | ||||||
| Total Assets | 121.85M | 132.11M | 145.76M | 180.81M | 195.80M | 192.25M |
| Cash, Cash Equivalents and Short-Term Investments | 85.28M | 95.04M | 103.88M | 139.32M | 153.21M | 168.23M |
| Total Debt | 17.50M | 18.59M | 22.16M | 21.92M | 24.45M | 0.00 |
| Total Liabilities | 37.89M | 38.53M | 46.45M | 46.53M | 47.77M | 34.82M |
| Stockholders Equity | 83.95M | 93.58M | 99.31M | 134.29M | 148.02M | 157.44M |
Cash Flow | ||||||
| Free Cash Flow | -2.43M | -3.20M | -3.53M | -15.35M | -29.88M | -6.64M |
| Operating Cash Flow | -1.28M | -2.44M | -2.91M | -13.56M | -27.91M | -4.40M |
| Investing Cash Flow | 15.55M | 5.52M | 22.29M | -100.23M | 12.64M | -2.27M |
| Financing Cash Flow | -14.28M | -6.39M | -30.71M | -3.63M | 2.04M | 120.05M |
1stdibs.com Technical Analysis
Negative
5.98
Price Trends
4.84
Negative
5.15
Negative
4.71
Negative
Market Momentum
-0.21
Positive
33.78
Neutral
21.24
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DIBS, the sentiment is Negative. The current price of 5.98 is above the 20-day moving average (MA) of 4.35, above the 50-day MA of 4.84, and above the 200-day MA of 4.71, indicating a bearish trend. The MACD of -0.21 indicates Positive momentum. The RSI at 33.78 is Neutral, neither overbought nor oversold. The STOCH value of 21.24 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for DIBS.
1stdibs.com Risk Analysis
1stdibs.com disclosed 10 risk factors in its most recent earnings report. 1stdibs.com reported the most risks in the "Legal & Regulatory" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 1 New Risks
1stdibs.com Peers Comparison
UnderperformOutperform
Sector (60)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
67 Neutral | $6.59B | 24.40 | -25.47% | ― | 1.78% | 75.71% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
54 Neutral | $156.43M | -5.79 | -5.04% | ― | 9.72% | -5.82% | |
52 Neutral | $10.24B | -35.64 | 10.98% | ― | 6.80% | 18.24% | |
49 Neutral | $5.64M | -0.85 | ― | ― | 24.08% | 21.73% | |
46 Neutral | $144.16M | -13.38 | -12.05% | ― | 0.81% | 44.38% | |
46 Neutral | $276.91M | -2.04 | -55.53% | ― | -9.53% | 20.64% |
* Communication Services Sector Average
DIBS
1stdibs.com
4.09
1.43
53.76%
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BZUN
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1stdibs.com Corporate Events
Business Operations and StrategyStock Buyback
1stdibs.com Launches Flexible $10 Million Share Buyback
Positive
May 12, 2026
On May 11, 2026, 1stdibs.com’s board authorized a new share repurchase program allowing the company to buy back up to $10.0 million of its common stock. The initiative can be executed through various methods, including open market purchases,...
Executive/Board ChangesShareholder Meetings
1stdibs.com shareholders reaffirm board and auditor appointments
Positive
May 11, 2026
At its Annual Meeting of Stockholders held on May 7, 2026, 1stdibs.com, Inc. shareholders elected two Class II directors, Matthew R. Cohler and Andrew G. Robb, to serve on the board until the 2029 annual meeting or until their successors are elect...
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.