Revenue growth has stalled at 1.54% year-over-year while the company continues to struggle with profitability, evidenced by deeply negative operating margins of -20.27%.
| Sales/Revenue | 89.46M | 89.62M | 88.26M | 84.68M | 96.85M | 102.73M | 81.86M | 70.57M |
| Revenue Growth % | 0.81% | 1.54% | 4.22% | -12.56% | -5.73% | 25.49% | 16.01% | - |
| Cost of Goods Sold | 23.67M | 24.18M | 24.83M | 24.98M | 29.67M | 32.17M | 25.95M | 23.72M |
| COGS % of Revenue | - | 26.98% | 28.13% | 29.49% | 30.64% | 31.31% | 31.7% | 33.61% |
| Gross Profit | 65.8M | 65.44M | 63.43M | 59.71M | 67.18M | 70.56M | 55.91M | 46.85M |
| Gross Margin % | 73.55% | 73.02% | 71.87% | 70.51% | 69.36% | 68.69% | 68.3% | 66.39% |
| Gross Profit Growth % | - | 3.17% | 6.23% | -11.12% | -4.8% | 26.2% | 19.35% | - |
| Operating Expenses | 81.33M | 83.6M | 89.64M | 90.73M | 93.06M | 93.01M | 69.42M | 78.03M |
| OpEx % of Revenue | - | 93.28% | 101.57% | 107.15% | 96.08% | 90.54% | 84.8% | 110.58% |
| Selling, General & Admin | 41.95M | 57.96M | 65.46M | 65.23M | 72.37M | 68.71M | 49.09M | 59.37M |
| SG&A % of Revenue | - | 64.67% | 74.17% | 77.02% | 74.72% | 66.88% | 59.97% | 84.13% |
| Research & Development | 17.83M | 23.41M | 21.16M | 21.64M | 24.44M | 19.11M | 16.51M | 15.16M |
| R&D % of Revenue | - | 26.12% | 23.98% | 25.56% | 25.23% | 18.6% | 20.17% | 21.49% |
| Other Operating Expenses | 2.96M | 2.23M | 3.02M | 3.86M | -3.75M | 5.19M | 3.82M | 3.5M |
| Operating Income | -15.54M | -18.16M | -26.21M | -31.03M | -25.88M | -22.44M | -13.51M | -31.18M |
| Operating Margin % | -17.37% | -20.27% | -29.7% | -36.64% | -26.72% | -21.85% | -16.5% | -44.19% |
| Operating Income Growth % | - | 30.71% | 15.51% | -19.9% | -15.3% | -66.18% | 56.69% | - |
| EBITDA | -11.18M | -12.87M | -20.81M | -26.15M | -20.63M | -19.33M | -7.48M | -26.03M |
| EBITDA Margin % | -12.5% | -14.36% | -23.57% | -30.88% | -21.3% | -18.82% | -9.14% | -36.89% |
| EBITDA Growth % | 48.36% | 38.16% | 20.45% | -26.8% | -6.69% | -158.35% | 71.25% | - |
| D&A (Non-Cash Add-back) | 4.36M | 5.3M | 5.41M | 4.87M | 5.25M | 3.11M | 6.02M | 5.15M |
| EBIT | -14.31M | -13.57M | -18.59M | -22.68M | -22.49M | -20.93M | -12.5M | -29.73M |
| Net Interest Income | 3.74M | 3.99M | 5.94M | 6.64M | 1.59M | 130K | 180K | 182K |
| Interest Income | 3.74M | 3.99M | 5.94M | 6.64M | 1.61M | 146K | 194K | 718K |
| Interest Expense | 0 | 0 | 0 | 0 | 11K | 16K | 14K | 536K |
| Other Income/Expense | 4.6M | 4.6M | 7.63M | 8.34M | 3.38M | 1.5M | 989K | 920K |
| Pretax Income | -10.94M | -13.57M | -18.59M | -22.68M | -22.5M | -20.94M | -12.52M | -30.26M |
| Pretax Margin % | -12.22% | -15.14% | -21.06% | -26.79% | -23.23% | -20.39% | -15.29% | -42.88% |
| Income Tax | 98K | 98K | 44K | 14K | 37K | 21K | 11K | -409K |
| Effective Tax Rate % | -0.9% | -0.72% | -0.24% | -0.06% | -0.16% | -0.1% | -0.09% | 1.35% |
| Net Income | -11.03M | -13.67M | -18.63M | -22.7M | -22.54M | -20.96M | -12.53M | -29.85M |
| Net Margin % | -12.33% | -15.25% | -21.11% | -26.8% | -23.27% | -20.41% | -15.3% | -42.3% |
| Net Income Growth % | 45.2% | 26.66% | 17.91% | -0.71% | -7.51% | -67.33% | 58.03% | - |
| Net Income (Continuing) | -11.03M | -13.67M | -18.63M | -22.7M | -22.54M | -20.96M | -12.53M | -29.85M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.31 | -0.38 | -0.49 | -0.57 | -0.59 | -0.55 | -0.33 | -0.80 |
| EPS Growth % | 43.89% | 22.45% | 14.04% | 3.39% | -7.27% | -66.67% | 58.75% | - |
| EPS (Basic) | - | -0.38 | -0.49 | -0.57 | -0.59 | -0.55 | -0.33 | -0.80 |
| Diluted Shares Outstanding | 36.1M | 36.1M | 37.82M | 39.72M | 38.48M | 37.99M | 37.46M | 37.46M |
| Basic Shares Outstanding | 36.1M | 36.1M | 37.82M | 39.72M | 38.48M | 37.99M | 37.46M | 37.46M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - |
Liquidity and growth stagnation
As reported in recent financial filings, 1stdibs.Com has seen revenue growth decelerate to a marginal 1.54% year-over-year, reflecting a broader cooling in high-end discretionary spending that suggests the platform is struggling to find new growth levers in the current post-pandemic macroeconomic environment.
The lack of meaningful top-line expansion indicates that the company's marketplace model is highly sensitive to luxury real estate cycles. Investors should monitor whether the current stagnation is a temporary cyclical trough or a structural limitation of the platform's reach within the professional design community.
Based on the company's reported income statements, operating margins remain deeply negative at -20.27%, suggesting that the firm has yet to achieve the necessary scale to cover its fixed technology and personnel costs despite maintaining a structurally high gross margin of 73.02%.
The persistent gap between gross profit and operating income implies that marketing and administrative expenses are not scaling efficiently with revenue. This lack of operating leverage warrants further investigation into whether the current business model can ever reach self-sustaining profitability without significant structural changes.
According to historical income statement data, 1stdibs.Com consistently utilizes stock-based compensation to manage its expense profile, which complicates the assessment of true cash burn and suggests that reported net income figures may not fully reflect the underlying economic reality of the business.
While SBC is a common tool for talent retention, its consistent presence in the income statement suggests that the company's path to GAAP profitability is further away than headline figures might imply. Analysts should adjust for these non-cash charges to better understand the company's actual cash consumption.
With only $22.88M in cash and equivalents reported in recent filings, the company's current burn rate suggests a limited runway, raising concerns that 1stdibs.Com may soon need to seek additional, potentially dilutive, financing to sustain its operations in a challenging luxury retail environment.
Short-sellers would likely focus on the combination of stagnant revenue and the rapid depletion of cash reserves as a primary risk factor. The inability to reach breakeven while maintaining a high-cost structure leaves the company with little margin for error if market conditions deteriorate further.
Quick answers to the most common questions about buying DIBS stock.
For fiscal year 2025, 1stdibs.Com, Inc. (DIBS) reported total revenue of $89.6M. This represents a 27.0% increase compared to $70.6M in 2019.
1stdibs.Com, Inc. (DIBS) reported a net loss of $13.7M for the fiscal year ending 2025.
1stdibs.Com, Inc. (DIBS) reported an operating income of $-18.2M, resulting in an operating profit margin of -20.3%. This margin reflects the operational efficiency of the business before interest and taxes.
1stdibs.Com, Inc. (DIBS) generated $65.4M in gross profit for the year, representing a gross profit margin of 73.0%. This demonstrates the company's core pricing power and production efficiency.