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1stdibs.com (DIBS)
NASDAQ:DIBS
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1stdibs.com
(NASDAQ:DIBS)
Rating:50Neutral
Price Target:
$2.50
▼(-9.75% Downside)
Positive Factors
Financial Performance
1stdibs.com, Inc. reported solid 4Q results, with both revenue and adjusted EBITDA beating consensus estimates.
Leadership
New executive addition with the hiring of Bradford Shellhammer as chief marketing officer and chief product officer, bringing extensive marketplace experience.
Technology Integration
AI being added across the platform, enhancing detection of gray market order attempts and streamlining trade applications.
Negative Factors
Earnings
Second-quarter GMV decreased 1.7% year-over-year and fell short of Street expectations by roughly 0.4%.
Economic Environment
April brought sharp declines in business due to the macro environment, despite good growth through the first quarter.
Trade Policies
Recent trade policies negatively impacting the business.
1stdibs.com (DIBS) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$100.04M
Dividend YieldN/A
Average Volume (3M)46.96K
Price to Earnings (P/E)―
Beta (1Y)0.54
Revenue Growth3.21%
EPS Growth-56.15%
CountryUS
Employees284
SectorConsumer Cyclical
Sector Strength83
IndustrySpecialty Retail
Share Statistics
EPS (TTM)-0.12
Shares Outstanding36,246,610
10 Day Avg. Volume35,806
30 Day Avg. Volume46,959
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)N/A
P/FCF RatioN/A
Enterprise Value/Market Cap0.24
Enterprise Value/Revenue0.27
Enterprise Value/Gross Profit0.37
Enterprise Value/Ebitda-2.05
Forecast
1Y Price Target
$2.50Price Target Upside-9.75% Downside
Rating ConsensusModerate Buy
Number of Analyst Covering2
1stdibs.com Business Overview & Revenue Model
Company Description1stdibs.com, Inc. is a leading online marketplace that connects discerning buyers with sellers of luxury goods, including high-end furniture, fine art, jewelry, and fashion. The platform curates a diverse collection of rare and unique items sourced from top dealers, artisans, and galleries worldwide, catering to an upscale clientele seeking distinctive and high-quality products.
How the Company Makes Money1stdibs.com generates revenue primarily through a commission-based model, where it earns a percentage of sales made through its platform. This commission is charged to the sellers for each transaction completed on the site. Additionally, the company offers subscription plans for sellers, which provide them with enhanced visibility and tools to manage their listings more effectively. Other revenue streams include listing fees and advertising services, where sellers can pay for premium placement and promotion of their products. Strategic partnerships with designers and galleries also contribute to the company's earnings by expanding its inventory and enhancing its brand reputation.
1stdibs.com Earnings Call Summary
Earnings Call Date:Aug 06, 2025
(Q2-2025)
| % Change Since: |
Next Earnings Date:Nov 05, 2025
Earnings Call Sentiment Neutral
The earnings call reflected a balanced view with strong financial performance and strategic progress in areas like conversion growth, cost management, and product enhancements. However, challenges such as a decline in GMV, a soft luxury home goods market, and a decrease in unique sellers counterbalance the positive aspects.Q2-2025 Updates
Positive Updates
Exceeding Financial Guidance
GMV and revenue performed above the midpoint of guidance, and adjusted EBITDA exceeded the high end.
Continued Conversion Growth
The company reported conversion gains for the seventh consecutive quarter, reflecting continuous optimization efforts.
Cost Management Success
Operating expenses declined by 4% year-over-year, demonstrating effective cost management.
Organic Traffic Strategy
Over 70% of traffic originates from organic sources, driven by improvements in site performance and structure.
Enhanced User Experience
Refinements in the user experience and checkout process led to increased engagement and higher conversion rates.
Product Road Map Progress
Sustained progress across the product road map, enhancing both buyer and seller experiences and boosting market share.
Machine Learning Pricing Models
The rollout of machine learning-based pricing models across all verticals has shown promising results in increasing sell-through rates and reducing price negotiations.
Leadership Addition
Bradford Shellhammer joined as Chief Marketing Officer and Chief Product Officer, bringing relevant skills and experience.
Jewelry Segment Growth
Jewelry, accounting for approximately 20% of total GMV, increased by high single digits.
Negative Updates
GMV Decline
GMV modestly declined, with a deceleration in growth rates due to softening traffic and moderating average order value growth.
Luxury Home Goods Market Challenges
The luxury home goods market remained challenging, with demand softening as per syndicated credit card data.
Unique Sellers Decline
The number of unique sellers decreased by 21% year-over-year due to subscription pricing optimizations.
Soft Housing Market Impact
The soft housing market continued to impact home categories, specifically furniture and art.
Flat Net Revenue
Net revenue was $22.1 million, flat year-over-year.
Adjusted EBITDA Loss
Adjusted EBITDA loss was $1.8 million compared to a loss of $1.6 million last year.
Company Guidance
During the 1stdibs Q2 2025 earnings call, the company reported performance metrics that exceeded expectations, with GMV and revenue performing above the midpoint of guidance and adjusted EBITDA surpassing the high end. Operating expenses declined by 4% year-over-year, showcasing effective cost management. Despite a slight decline in GMV, the company gained market share in the contracting luxury home goods market. Conversion rates have increased for seven consecutive quarters, aided by product enhancements and a strategic focus on organic traffic growth, with over 70% of traffic originating from organic sources. The platform's average order value remained nearly flat at $2,600, while median order value increased by 10% to approximately $1,350. Listings grew by 3% to nearly 1.9 million, despite a 21% year-over-year decrease in unique sellers, attributed to subscription pricing optimizations. The company forecasts Q3 GMV of $83 million to $89 million and a net revenue of $21 million to $22.1 million, with an adjusted EBITDA margin loss of 12% to 8%.1stdibs.com Financial Statement Overview
Summary
1stdibs.com faces challenges in revenue growth and profitability, with consistent losses impacting financial performance. While the company maintains a strong gross profit margin and manageable debt levels, negative cash flows and returns on equity highlight the need for strategic improvements to achieve financial stability and growth.Income Statement
1stdibs.com has experienced declining revenue growth, with a negative growth rate of -11.3% in the TTM period. The company also faces profitability challenges, as indicated by negative net profit and EBIT margins. However, the gross profit margin remains relatively strong at 71.85%, suggesting efficient cost management at the gross level.45
Neutral
Balance Sheet
The balance sheet shows moderate leverage with a debt-to-equity ratio of 0.22, indicating a manageable level of debt. However, the return on equity is negative, reflecting ongoing losses. The equity ratio is stable, suggesting a solid equity base relative to total assets.50
Neutral
Cash Flow
Cash flow analysis reveals negative operating and free cash flows, although there is a significant improvement in free cash flow growth. The free cash flow to net income ratio is positive, indicating that the company is generating cash relative to its net losses, but overall cash flow remains a concern.40
Negative
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 88.64M | 88.26M | 84.68M | 96.85M | 102.73M | 81.86M |
| Gross Profit | 63.72M | 63.43M | 59.71M | 67.18M | 70.56M | 55.91M |
| EBITDA | -11.53M | -13.18M | -17.81M | -17.24M | -17.81M | -6.48M |
| Net Income | -20.01M | -18.63M | -22.70M | -22.54M | -20.96M | -12.53M |
Balance Sheet | ||||||
| Total Assets | 138.57M | 145.76M | 180.81M | 195.80M | 192.25M | 81.34M |
| Cash, Cash Equivalents and Short-Term Investments | 95.62M | 103.88M | 139.32M | 153.21M | 168.23M | 54.86M |
| Total Debt | 20.76M | 22.16M | 21.92M | 24.45M | 0.00 | 0.00 |
| Total Liabilities | 43.71M | 46.45M | 46.53M | 47.77M | 34.82M | 325.29M |
| Stockholders Equity | 94.86M | 99.31M | 134.29M | 148.02M | 157.44M | -243.95M |
Cash Flow | ||||||
| Free Cash Flow | -3.10M | -3.53M | -15.35M | -29.88M | -6.64M | -5.27M |
| Operating Cash Flow | -2.44M | -2.91M | -13.56M | -27.91M | -4.40M | -3.44M |
| Investing Cash Flow | 12.86M | 22.29M | -100.23M | 12.64M | -2.27M | 1.29M |
| Financing Cash Flow | -10.77M | -30.71M | -3.63M | 2.04M | 120.05M | 1.56M |
1stdibs.com Technical Analysis
Positive
2.77
Price Trends
2.71
Positive
2.64
Positive
3.10
Negative
Market Momentum
0.02
Negative
58.00
Neutral
79.91
Neutral
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 2.77 is above the 20-day moving average (MA) of 2.67, above the 50-day MA of 2.71, and below the 200-day MA of 3.10, indicating a neutral trend. The MACD of 0.02 indicates Negative momentum. The RSI at 58.00 is Neutral, neither overbought nor oversold. The STOCH value of 79.91 is Neutral, 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
Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | $42.51B | 19.92 | 42.63% | 1.23% | 3.05% | -10.82% | |
75 Outperform | $1.63B | 37.88 | 10.36% | ― | 10.68% | 37.84% | |
61 Neutral | $17.97B | 12.87 | -5.30% | 2.97% | 1.26% | -14.45% | |
57 Neutral | $10.74B | ― | 17.86% | ― | 0.87% | 54.67% | |
57 Neutral | $5.17B | 43.23 | -39.97% | ― | 2.38% | -38.88% | |
50 Neutral | $100.04M | ― | -19.50% | ― | 3.21% | -56.15% | |
44 Neutral | $329.26M | ― | -54.45% | ― | -7.96% | -3078.36% |
* Consumer Cyclical Sector Average
Performance Comparison
DIBS
1stdibs.com
2.77
-2.04
-42.41%
FLWS
1-800 Flowers
5.10
-2.16
-29.75%
EBAY
eBay
92.66
34.16
58.39%
W
Wayfair
89.61
46.43
107.53%
ETSY
Etsy
54.06
1.71
3.27%
RVLV
Revolve Group
23.84
2.38
11.09%
1stdibs.com Corporate Events
Executive/Board ChangesShareholder Meetings
1stdibs.com Approves Key Proposals at Annual Meeting
Neutral
May 14, 2025
On May 8, 2025, 1stdibs.com, Inc. held its Annual Meeting of Stockholders, where two key proposals were approved. The first proposal involved the election of three Class I directors to serve until the 2028 annual meeting, and the second proposal ratified the appointment of Ernst & Young LLP as independent auditors for the fiscal year ending December 31, 2025. These approvals are significant for the company’s governance and financial oversight, potentially impacting its strategic direction and stakeholder confidence.
The most recent analyst rating on (DIBS) stock is a Buy with a $8.00 price target. To see the full list of analyst forecasts on 1stdibs.com stock, see the DIBS Stock Forecast page.
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.