Business/Financial Results (Form 8-K)

1stDibs Reports First Quarter 2025 Financial Results

New York, NY - May 9, 2025 - 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, 2025.

First Quarter 2025 Financial Highlights

•Net revenue was $22.5 million, an increase of 2% year-over-year.

•Gross profit was $16.3 million, an increase of 2% year-over-year.

•Gross margin was 72.4%, compared to 72.5% in the first quarter 2024.

•GAAP net loss was $4.8 million compared to a net loss of $3.3 million in the first quarter 2024.

•Non-GAAP Adjusted EBITDA and Adjusted EBITDA Margin was $(1.7) million and (7.8)%, respectively, compared to $(1.8) million and (8.1)%, respectively, in the first quarter 2024.

•Cash, cash equivalents and short-term investments totaled $101.0 million as of March 31, 2025.

"Our momentum continued in the first quarter, with strong execution, market share gains, and steady progress on our roadmap," said David Rosenblatt, 1stDibs Chief Executive Officer. "While the macro environment remains unpredictable, we believe our model and strategy position us well for the road ahead."

Tom Etergino, Chief Financial Officer of 1stDibs said, "We delivered a solid quarter, gaining market share while diligently managing expenses and making progress against our 2025 plan. We remain focused on executing efficiently."

Other Recent Business Highlights and First Quarter Key Operating Metrics

•Gross Merchandise Value ("GMV") was $94.7 million, an increase of 3% year-over-year.

•Number of Orders was approximately 35K, flat year-over-year.

•Active Buyers was approximately 65K, an increase of 7% year-over-year.

Financial Guidance and Outlook

The Company's second quarter 2025 guidance is below.

			Q2 2025 Guidance
GMV			$85 million - $92 million
Net revenue			$21.2 million - $22.5 million
Adjusted EBITDA margin (non-GAAP)			(14%) - (10%)

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.

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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 ended 2025 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.

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.

Media Contact:

Jennifer Miller

jennifer.miller@1stdibs.com

Investor Relations Contact:

Kevin LaBuz

investors@1stdibs.com

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