1stdibs.com, Inc. (NASDAQ: DIBS) shares fell badly Friday. The company, a leading online marketplace for luxury design products, today reported financial results for its first quarter ended March 31, 2026.
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 was $0.6 million and Adjusted EBITDA Margin was $2.5%, 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 CEO David Rosenblatt.
“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.”
DIBS shares stepped backward 47 cents, or 10.5%, to $3.99.
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