Filing Flows › 1stdibs.com (DIBS) › Q1 2025
1stdibs.com (DIBS) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 12, 2025
1stdibs.com (DIBS) reported revenue of $22.5M for the first quarter 2025 (Q1 2025), +2% from a year earlier and -1% from the quarter before. Operating margin was -27.7%, net loss $4.8M (21.3% of revenue).
1stdibs.com, Q1 2025: revenue $22.5M (+2% year over year), operating margin -27.7%, net loss $4.8M, operating cash flow −$96K. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $22.5M | -1% | +2% |
| Operating profit | −$6.3M | — | — |
| Net earnings | −$4.8M | — | — |
| Operating cash flow | −$96K | — | — |
What changed
Revenue was $22.5M in Q1 2025, up 2% year over year and down 1% from the previous quarter. Seller marketplace services was the largest line at 99% of revenue. Seller marketplace services added $448K year over year (up 2%), 93% of the total change.
Gross margin was 72.4%, down 0.1 points from a year earlier. Operating costs exceeded revenue by $6.3M, an operating margin of -27.7%. Operating expenses grew 6% against revenue growth of 2%. The fastest-growing cost line was Other operating costs (+117%). The quarter ended with a net loss of $4.8M, narrower than the previous quarter's $5.2M loss. Non-operating items added $1.5M, -30% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$96K. Non-cash charges added back $457K of depreciation and amortization and $4.0M of share-based compensation. Working capital and other items added $203K. Capital expenditures of $47K exceeded it, leaving free cash flow of −$143K.
Questions
What was 1stdibs.com's revenue in the first quarter 2025?
1stdibs.com (DIBS) reported revenue of $22.5M for the first quarter 2025 (Q1 2025), +2% from a year earlier and -1% from the quarter before.
Was 1stdibs.com profitable in the first quarter 2025?
Operating loss was $6.3M (-27.7% of revenue) and net loss $4.8M.
Source: 1stdibs.com 10-Q on SEC EDGAR.