1stdibs.com, Inc. (NASDAQ: DIBS), a premier online marketplace for luxury design products, has announced its financial results for the third quarter ending September 30, 2025. The latest figures reflect a steady growth trajectory, driven by strategic realignments and disciplined cost management.

1. Financial Highlights

The company reported the following key financial metrics for Q3 2025:

Net Revenue: $22.0 million, a 4% increase year-over-year.

Gross Profit: $16.3 million, marking a 9% rise from the previous year.

Gross Margin: 74.3%, up from 71.0% in Q3 2024.

GAAP Net Loss: $3.5 million, an improvement from a net loss of $5.7 million in Q3 2024.

Non-GAAP Adjusted EBITDA: $(0.2) million with an Adjusted EBITDA margin of (1.1)%, significantly better than $(3.0) million and (14.1)% in Q3 2024.

Cash and Cash Equivalents: Totaled $93.4 million as of September 30, 2025.

2. Strategic Realignment and Positive Outlook

David Rosenblatt, CEO of 1stDibs, emphasized the company's strategic focus during the third quarter, stating, “The third quarter represented a major breakthrough defined by focus and execution. We successfully completed a major strategic realignment, making structural changes that directly led to our best Adjusted EBITDA margin as a public company.”

The outlook is encouraging, as the company positions itself for future profitability and market share gains, even amid a challenging economic environment. Tom Etergino, CFO, noted, “Through targeted reductions and sharper marketing efficiency, we delivered Adjusted EBITDA well above guidance and our strongest margin performance as a public company.” Etergino also expressed optimism about achieving positive Adjusted EBITDA in Q4 and throughout 2026.

3. Share Repurchase Program

In a significant move to bolster investor confidence, the Board of Directors authorized a $12 million stock repurchase program on November 4, replacing the previous program from August 2024. This decision reflects the company's strong balance sheet and commitment to enhancing shareholder value.

4. Business Metrics and Performance

1stDibs reported the following operating metrics for the third quarter:

Gross Merchandise Value (GMV): $89.1 million, a 5% increase year-over-year.

Number of Orders: Approximately 32,000, a slight decline of 4% from the prior year.

Active Buyers: Approximately 63,000, up 1% year-over-year.

Despite a slight dip in the number of orders, the increase in active buyers and GMV suggests a healthy level of engagement and economic activity on the platform.

5. Financial Guidance for Q4 2025

Looking ahead, 1stDibs provided guidance for the fourth quarter of 2025, expecting:

GMV: Between $90 million and $96 million

Net Revenue: Between $22.3 million and $23.5 million

Adjusted EBITDA Margin (non-GAAP): Between 2% and 5%

6. Conclusion

1stDibs has reported a solid performance for Q3 2025, showcasing its resilience and adaptability in the luxury design marketplace. The strategic measures taken to realign operations and manage costs effectively have led to improved financial results, setting the stage for potential profitability in the near future. As the company advances towards its goals, the newly authorized share repurchase program stands as a testament to its confidence in sustained growth and value creation for shareholders.

Investors and stakeholders will be keen to follow the company’s next steps as it continues to navigate the complexities of the market while striving for improved operational efficiency and revenue growth.

Original press release