1Stdibs.Com Stock Price, News & Analysis
Company Description
1stdibs.com, Inc. (DIBS) is an online marketplace that focuses on luxury design and operates in the electronic shopping segment of the retail trade sector. The company is described in its public materials as a leading online marketplace for connecting design lovers with highly coveted sellers and makers of vintage, antique, and contemporary furniture, home décor, art, jewelry, watches and fashion. Its common stock trades on Nasdaq under the symbol DIBS.
The company’s core business is its online marketplace, which enables commerce between sellers and buyers. According to its description, 1stDibs connects design-oriented buyers with sellers and makers offering a curated selection of vintage, antique and contemporary items across categories such as furniture, home décor, art, fine jewelry, watches and fashion. Polygon data notes that the company has a single reportable and operating segment that consists of this marketplace.
1stDibs generates the majority of its revenue from fees from seller marketplace services and other services, including advertisements. This means that its economics are tied to transaction activity and seller participation on the platform rather than direct ownership of inventory. The company also discloses key operating metrics related to its marketplace, including Gross Merchandise Value (GMV), Number of Orders and Active Buyers, which it uses to assess the scale and health of its ecosystem.
Marketplace focus and key metrics
1stDibs defines Gross Merchandise Value (GMV) as the total dollar value from items sold by its sellers through 1stDibs in a given month, minus cancellations within that month, and excluding shipping and U.S. sales taxes. GMV includes all sales reported to the company by its sellers, whether transacted through the 1stDibs marketplace or reported as an offline sale. The company states that it views GMV as a measure of the total economic activity generated by its online marketplace and as an indicator of the scale and growth of the marketplace and the health of its ecosystem.
The company defines Number of Orders as the total number of orders placed or reported through the 1stDibs marketplace in a given month, minus cancellations within that month. This metric reflects transaction volume on the platform over time.
Active Buyers are defined as buyers who have made at least one purchase through the online marketplace during the 12 months ended on the last day of the period presented, net of cancellations. A buyer is identified by a unique email address, and the company notes that an Active Buyer could have more than one account if they use separate email addresses. 1stDibs states that it believes this metric reflects scale, engagement and brand awareness, and its ability to convert user activity on the marketplace into transactions.
Financial reporting and performance measures
1stDibs reports its financial results through quarterly earnings releases and SEC filings. Its press releases for recent quarters describe net revenue, gross profit, gross margin, GAAP net loss, and non-GAAP measures such as Adjusted EBITDA and Adjusted EBITDA Margin. The company explains that Adjusted EBITDA is a non-GAAP financial measure that starts from net loss and excludes items such as depreciation and amortization, stock-based compensation expense, other income, provision for income taxes, restructuring expenses and strategic alternative expenses (with specific exclusions varying by period as disclosed). Adjusted EBITDA Margin is presented as Adjusted EBITDA divided by net revenue.
1stDibs states that management uses Adjusted EBITDA and Adjusted EBITDA Margin to assess operating performance, operating leverage, establish budgets and operational goals, and make strategic decisions. The company also notes that it believes these measures help identify underlying trends in the business that could otherwise be masked by the income and expenses excluded from the non-GAAP metrics, and that they can be useful to investors when comparing performance across periods and with other companies that report similar measures. At the same time, 1stDibs emphasizes that these non-GAAP measures have limitations and should be considered as supplemental to GAAP results.
Capital structure and share repurchases
Recent SEC filings and earnings materials show that 1stDibs has common stock authorized and outstanding, with no preferred stock issued. The company has also disclosed the existence of share repurchase programs. An 8-K filed in November 2025 states that the Board of Directors authorized the company to repurchase up to an aggregate of $12.0 million of its common stock under a November 2025 share repurchase program, replacing a prior program authorized in August 2024. The filing notes that repurchases may be made through methods such as open market purchases, privately negotiated transactions, Rule 10b5-1 plans, accelerated stock repurchases, block trades or derivative contracts, in compliance with applicable securities laws. The program is not subject to a termination or expiration date and does not obligate the company to acquire a specific number of shares; the timing, price and volume of repurchases depend on factors including market conditions, relevant securities laws and other considerations.
Regulatory reporting and disclosures
As a Nasdaq-listed company, 1stDibs files periodic and current reports with the U.S. Securities and Exchange Commission. Recent Form 8-K filings describe the release of quarterly financial results and, in one case, the authorization of the share repurchase program. The company also notes in its press releases that it uses a variety of channels to make information available to the public, including SEC filings, press releases, company blog posts, public conference calls and webcasts.
In its earnings releases, 1stDibs provides condensed consolidated financial statements, including balance sheets, statements of operations and statements of cash flows. These statements present information on assets such as cash and cash equivalents, short-term investments, accounts receivable, prepaid expenses, receivables from payment processors, property and equipment, operating lease right-of-use assets, goodwill and other assets, as well as liabilities such as accounts payable, payables due to sellers, accrued expenses, operating lease liabilities and other liabilities. Stockholders’ equity includes common stock, treasury stock, additional paid-in capital, accumulated deficit and accumulated other comprehensive loss.
Position within electronic shopping and retail trade
Within the broader retail trade sector, 1stDibs is categorized in the electronic shopping industry, reflecting its focus on an online marketplace model. Its public descriptions emphasize that it is a marketplace for luxury design and extraordinary design, highlighting categories such as vintage, antique and contemporary furniture, home décor, art, fine jewelry, watches and fashion. The company’s use of GMV, order counts and Active Buyers as key metrics underscores its emphasis on marketplace scale and engagement rather than traditional brick-and-mortar retail metrics.
According to its disclosures, 1stDibs uses its financial and operating metrics to evaluate the health of its marketplace and to guide decisions on marketing, technology development and general and administrative spending. The company’s recent earnings releases also reference expense management, conversion improvements and cost discipline as areas of focus, though specific strategies and initiatives are discussed in the context of those releases rather than as permanent features of the business model.
Investor communications and events
1stDibs regularly participates in investor conferences and hosts earnings webcasts. Recent news releases describe presentations at events such as the Noble Capital Markets emerging growth equity conference and various regional IDEAS investor conferences. The company also announces the planned timing of its quarterly earnings releases and related webcasts, and provides replays for a period following the calls. These activities form part of its broader investor relations and disclosure practices.
Overall, 1stDibs presents itself as an online marketplace business within the electronic shopping industry, centered on connecting design-focused buyers with sellers and makers of luxury and design-oriented items. Its revenue model is based primarily on marketplace-related fees and advertising services, and its performance is tracked using both GAAP financial results and non-GAAP metrics such as Adjusted EBITDA, alongside marketplace indicators like GMV, Number of Orders and Active Buyers.