Business/Financial Results (Form 8-K)

1stDibs Reports First Quarter 2026 Financial Results

New York, NY - May 8, 2026 - 1stdibs.com, Inc. (NASDAQ: DIBS), a leading online marketplace for luxury design products ("1stDibs" or the "Company"), today reported financial results for its first quarter ended March 31, 2026.

First Quarter 2026 Financial Highlights

•Net revenue was $22.4 million, a decrease of 1% year-over-year.

•Gross profit was $16.7 million, an increase of 2% year-over-year.

•Gross margin was 74.4%, compared to 72.4% in the first quarter 2025.

•GAAP net loss was $2.2 million compared to a net loss of $4.8 million in the first quarter 2025.

•Non-GAAP Adjusted EBITDA and Adjusted EBITDA Margin was $0.6 million and 2.5%, respectively, compared to $(1.7) million and (7.8)%, respectively, in the first quarter 2025.

•Cash, cash equivalents and short-term investments totaled $85.3 million as of March 31, 2026.

"The first quarter was exactly what we had expected it would be: on plan, Adjusted EBITDA positive, and progressing on the foundational product, marketing and service work that will drive our return to GMV growth by the fourth quarter," said David Rosenblatt, 1stDibs CEO. "Our 2026 financial framework is unchanged, and our conviction in the durability of our marketplace - built on curation, scarcity, and human expertise - has never been stronger."

"The first quarter is further proof that our re-engineered cost base is working," said Tom Etergino, 1stDibs Chief Financial Officer. "We delivered positive Adjusted EBITDA for the second consecutive quarter, generated free cash flow, and continued to reallocate resources toward product and engineering, our highest-ROI investment. The structural work we have done since 2022 is showing up directly in our results, and we remain confident in delivering full-year positive Adjusted EBITDA and free cash flow."

Other Recent Business Highlights and First Quarter Key Operating Metrics

•Gross Merchandise Value ("GMV") was $89.7 million, a decrease of 5% year-over-year.

•Number of Orders was approximately 31K, a decrease of 12% year-over-year.

•Active Buyers was approximately 58K, a decrease of 10% year-over-year.

Financial Guidance and Outlook

The Company's second quarter 2026 guidance is below.

			Q2 2026 Guidance
GMV			$86.0 million - $91.0 million
Net revenue			$21.6 million - $22.6 million
Adjusted EBITDA margin (non-GAAP)			(2%) - 2%

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Actual results may differ materially from our Financial Guidance and Outlook as a result of, among other things, the factors described under "Forward-Looking Statements" below.

A GAAP reconciliation to our non-GAAP guidance measure (adjusted EBITDA) is not available on a forward-looking basis without unreasonable effort due to the potential variability and uncertainty of expenses that may be incurred in the future. Stock-based compensation expense is impacted by the timing of employee stock transactions, the future fair market value of our common stock, and our future hiring and retention needs, all of which are difficult to predict and subject to change. We have provided a reconciliation of GAAP to non-GAAP financial measures in the financial statement tables for our historical non-GAAP financial results included in this press release.

Webcast Information

1stDibs will host a webcast to discuss its first quarter 2026 financial results today at 8:00 a.m. Eastern Time. Investors and participants can access the webcast at the 1stDibs Investor Relations website (investors.1stdibs.com). A replay of the webcast will be available through the same link following the webcast, for one year thereafter.

Disclosure Information

In compliance with disclosure obligations under Regulation FD, 1stDibs announces material information to the public through a variety of means, including filings with the Securities and Exchange Commission, press releases, company blog posts, public conference calls and webcasts, as well as the investor relations website.

Final Results

The financial results discussed herein are presented on a preliminary basis; final data will be included in 1stDibs's Quarterly Report on Form 10−Q for the period ended March 31, 2026.

About 1stDibs

1stDibs is 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.

Investor Relations Contact:

Kevin LaBuz

[email protected]

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