1stdibs.com, Inc. (DIBS) SEC Filings, Sep 2025-Mar 2026

DIBS reported proposed sales of common stock by an affiliate under Form 144. The filing lists Fidelity Brokerage Services LLC and references restricted stock vesting events with amounts: 7,026 (12/08/2022), 1,983 (03/08/2024), and 3,239 (06/08/2024). The excerpt shows no completed sales in the past three months.

1stdibs.com operates a global online marketplace for luxury design items, connecting design-focused buyers with vetted sellers of furniture, décor, jewelry, art, watches, and fashion. For the year ended December 31, 2025, net revenue was $89.6 million and the net loss narrowed to $13.7 million, with an accumulated deficit of $346.0 million.

The platform hosted about 1.9 million listings and 7.8 million users as of December 31, 2025, while active buyers declined to roughly 60,700 from 64,300 a year earlier. Average order value rose to about $2,600, supported by high-end transactions where 2%–3% of orders were at least $100,000.

The company highlights an asset-light model, heavy use of data, AI and machine learning, and a strong focus on trust through seller vetting, fraud prevention, and the 1stDibs Promise protections. Key risks include its history of operating losses, exposure to economic cycles in discretionary luxury spending, competition from online and offline luxury channels, counterfeit and stolen goods risks, logistics and shipping dependencies, regulatory complexity across many jurisdictions, and the need to continue attracting and retaining both sellers and buyers.

1stDibs.com, Inc. reported improving 2025 results with its first quarter of positive Adjusted EBITDA as a public company. For Q4 2025, net revenue was $23.0 million, up 1% year-over-year, while gross margin rose to 73.5%. GAAP net loss narrowed sharply to $1.0 million from $5.2 million, and non-GAAP Adjusted EBITDA reached $1.3 million with a 5.6% margin versus a negative 7.2% margin a year earlier.

For full year 2025, net revenue grew 2% to $89.6 million and gross profit increased 3% to $65.4 million, with gross margin improving to 73.0%. GAAP net loss improved to $13.7 million from $18.6 million, and Adjusted EBITDA loss decreased to $2.4 million from $8.0 million. The company ended 2025 with $95.0 million in cash, cash equivalents and short-term investments and generated free cash flow of $4.2 million in Q4.

Marketplace activity softened, with fourth quarter Gross Merchandise Value of $90.2 million, down 5% year-over-year, approximately 33,000 orders, down 9%, and about 61,000 active buyers, down 5%. For Q1 2026, guidance calls for GMV of $86.5–$91.5 million, net revenue of $22.1–$23.1 million and Adjusted EBITDA margin between 0% and 4%, targeting positive full-year Adjusted EBITDA and free cash flow in 2026.

1stdibs.com, Inc. (DIBS) received an updated Schedule 13G/A from major shareholder David S. Rosenblatt, who reports beneficial ownership of 3,535,535 shares of common stock, equal to 9.3% of the class as of the event date December 31, 2025.

Separately, the 2012 David Rosenblatt Family Trust reports 665,302 shares (about 1.8%), and the 2024 Laura Thalheimer Rosenblatt Family Trust reports 22,500 shares (about 0.1%). The filing states that Rosenblatt has no voting or dispositive power over shares held by these trusts and disclaims beneficial ownership except for any pecuniary interest. The reported ownership percentages are based on 36,246,609 shares outstanding as of September 30, 2025.

1stdibs.com, Inc. (DIBS) received a Schedule 13G from a group of related investors led by Kanen Wealth Management LLC and David L. Kanen, reporting a significant ownership position in its common stock. As of the close of business on February 6, 2026, the reporting group beneficially owned 1,936,801 shares of 1stdibs.com common stock.

Based on 36,614,348 shares outstanding as of September 30, 2025, this stake represents approximately 5.3% of the company’s outstanding shares. Within that total, Philotimo Fund LP holds 1,212,281 shares (about 3.3%), and Philotimo Focused Growth & Income Fund holds 722,020 shares (about 2.0%). The investors certify that the shares were not acquired to change or influence control of 1stdibs.com, but they are treated as a group for reporting purposes.

1stdibs.com, Inc. (DIBS) received a Schedule 13G showing that Sofina Capital S.A. and Sofina SA now report beneficial ownership of 0 shares, or 0.0% of the company’s common stock. This late, corrective filing reports historical ownership that first became reportable at the time of 1stdibs.com’s initial public offering and confirms that the reporting persons no longer hold any shares. Before the IPO, Sofina Partners S.A. beneficially owned 7,840,708 shares, representing approximately 8.6% of the outstanding common stock immediately prior to the IPO, and those interests were later succeeded by Sofina Capital S.A. after an internal reorganization. As of November 14, 2025, following sales completed in October and November 2025, both Sofina Capital S.A. and Sofina SA report no voting or dispositive power over any 1stdibs.com common shares.

1stdibs.com, Inc. (DIBS) reported Q3 2025 results with net revenue of $21.972 million, up from $21.190 million a year ago. Net loss narrowed to $3.506 million from $5.683 million as gross profit rose to $16.331 million and gross margin improved to 74% from 71%.

Operating expenses decreased to $21.014 million from $22.428 million, including $0.8 million of restructuring charges intended to improve cost efficiency. Key operating metrics were stable to improving: GMV reached $89.064 million versus $84.613 million, and Adjusted EBITDA loss narrowed to $0.243 million from $2.983 million.

Liquidity remained strong with cash and cash equivalents of $19.938 million and short‑term investments of $73.437 million. Year‑to‑date operating cash flow was an outflow of $6.707 million. As of October 31, 2025, 36,614,348 common shares were outstanding. In November 2025, the Board authorized a new $12.0 million stock repurchase program; approximately $2.0 million remained under the 2024 program at quarter‑end.

1stdibs.com, Inc. (DIBS) announced a new share repurchase authorization. The Board approved a program to repurchase up to $12.0 million of common stock, and terminated the company’s prior August 2024 repurchase program.

The program may be executed through open market purchases, privately negotiated transactions, Rule 10b5-1 plans, accelerated stock repurchases, block trades, derivative contracts, or otherwise in compliance with Rule 10b-18. The authorization has no termination or expiration date and does not obligate the company to acquire any specific number of shares; timing, price, and volume will depend on market conditions, relevant securities laws, and other considerations.

The company also furnished a press release announcing financial results for the quarter ended September 30, 2025.

Thomas J. Etergino, Chief Financial Officer of 1stdibs.com, Inc. (DIBS), reported multiple vesting-related equity transactions on 09/08/2025. The filing shows four separate grant vesting events that added restricted stock units (RSUs) convertible 1-for-1 into common shares: 16,562; 14,104; 11,175; and 11,172 RSUs. Following these vestings, the reporting person’s beneficial ownership totals reported in the form range by line from 223,877 to 260,328 shares before an issuer tax-withholding settlement. The issuer withheld 19,391 shares via net settlement to satisfy tax obligations at a reported price of $2.80 per share, leaving 240,937 shares reported as beneficially owned after that disposition. The RSUs have various vesting schedules and no expiration dates.