1stdibs.com Q1 Loss Narrows to $2.20M; Adjusted EBITDA Turns Positive
DIBS•1stdibs.com narrowed its Q1 net loss to $2.20 million from $4.80 million and posted a positive adjusted EBITDA of $0.60 million, with EPS improving to –$0.06 from –$0.14. Revenue fell 1% to $22.39 million, missing the $22.73 million forecast, while gross profit rose 2% to $16.70 million and gross margin expanded to 74.4% from 72.4%.
1. Earnings Overview
1stdibs.com reported Q1 2026 EPS of –$0.06, missing consensus of –$0.04, but net loss narrowed to $2.20 million from $4.80 million a year earlier and delivered positive non‐GAAP adjusted EBITDA of $0.60 million.
2. Revenue and Margins
Revenue for the quarter reached $22.39 million, down 1% from $22.55 million in Q1 2025 and below the $22.73 million forecast, while gross profit increased 2% to $16.70 million, lifting gross margin to 74.4% compared to 72.4% last year.
3. Profitability Trends
The company has now exceeded EPS estimates in three of the last four quarters, reflecting a trend of narrowing per‐share losses—from –$0.14 in Q1 2025 to –$0.06 this quarter—and improved operational efficiency.
4. Financial Health Metrics
On the balance sheet, 1stdibs.com holds a low debt‐to‐equity ratio of 0.21 and a strong current ratio of 3.75, though its negative P/E ratio of –13.85 underscores ongoing unprofitability.
