$DIBS

1stdibs.com, Inc.

CIK:0001600641|SEC Filings

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Income Statement [Abstract]
Net revenue	$ 23,317	$ 22,135	$ 45,705	$ 44,680
Cost of revenue	6,086	6,237	11,809	12,460
Gross profit	17,231	15,898	33,896	32,220
Operating expenses:
Sales and marketing	5,385	8,142	11,670	17,258
Technology development	6,322	5,902	12,504	11,514
General and administrative	6,658	6,606	13,501	13,558
Provision for transaction losses	929	965	1,603	1,862
Total operating expenses	19,294	21,615	39,278	44,192
Loss from operations	(2,063)	(5,717)	(5,382)	(11,972)
Other income, net:
Interest income	711	989	1,558	2,088
Other, net	363	434	665	788
Total other income, net	1,074	1,423	2,223	2,876
Net loss before income taxes	(989)	(4,294)	(3,159)	(9,096)
Provision for income taxes	(34)	(19)	(38)	(23)
Net loss	$ (1,023)	$ (4,313)	$ (3,197)	$ (9,119)
Net loss per share—basic (in dollars per share)	$ (0.03)	$ (0.12)	$ (0.09)	$ (0.26)
Net loss per share—diluted (in dollars per share)	$ (0.03)	$ (0.12)	$ (0.09)	$ (0.26)
Weighted average common shares outstanding—basic (in shares)	34,451,624	35,820,053	35,404,060	35,697,350
Weighted average common shares outstanding—diluted (in shares)	34,451,624	35,820,053	35,404,060	35,697,350

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Cash flows from operating activities:
Net loss	$ (3,197)	$ (9,119)
Adjustments to reconcile net loss to net cash from operating activities:
Depreciation and amortization	755	880
Stock-based compensation expense	5,993	7,592
Provision for transaction losses, returns and refunds	339	294
Non-cash operating lease expense	1,936	1,777
Accretion of discounts and amortization of premiums on short-term investments, net	14	(250)
Other, net	604	(65)
Changes in operating assets and liabilities:
Accounts receivable	(219)	(305)
Prepaid expenses and other current assets	(1,034)	(1,261)
Receivables from payment processors and seller accounts	(7,401)	(895)
Other assets	394	(406)
Accounts payable and accrued expenses	(1,103)	(1,680)
Payables due to sellers	745	352
Operating lease liabilities	(2,190)	(2,031)
Other current liabilities and other liabilities	662	(122)
Net cash used in operating activities	(3,702)	(5,239)
Cash flows from investing activities:
Maturities of short-term investments	34,844	37,795
Sales of short-term investments	9,006	988
Purchases of short-term investments	(20,784)	(32,484)
Purchases of property and equipment	(529)	(449)
Net cash provided by investing activities	22,537	5,850
Cash flows from financing activities:
Proceeds from exercise of stock options	38	0
Payments for repurchase of common stock	(20,730)	(1,794)
Payments for taxes related to net share settlement of stock-based compensation awards	(2,060)	(1,333)
Net cash used in financing activities	(22,752)	(3,127)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash	(78)	338
Net decrease in cash, cash equivalents, and restricted cash	(3,995)	(2,178)
Cash, cash equivalents, and restricted cash at beginning of the period	26,584	29,621
Cash, cash equivalents, and restricted cash at end of the period	$ 22,589	$ 27,443

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Current assets:
Cash and cash equivalents	$ 18,873	$ 22,880
Short-term investments	48,846	72,157
Accounts receivable, net of allowance for doubtful accounts of $75 and $72 at June 30, 2026 and December 31, 2025, respectively	598	422
Prepaid expenses	3,935	3,203
Receivables from payment processors and seller accounts	9,392	1,990
Other current assets	1,550	1,631
Total current assets	83,194	102,283
Restricted cash, non-current	3,716	3,704
Property and equipment, net	2,527	2,731
Operating lease right-of-use assets	14,728	16,665
Goodwill	4,293	4,306
Other assets	1,907	2,418
Total assets	110,365	132,107
Current liabilities:
Accounts payable	1,077	1,765
Payables due to sellers	7,394	6,649
Accrued expenses	9,031	9,461
Operating lease liabilities, current	4,586	4,447
Other current liabilities	2,723	2,059
Total current liabilities	24,811	24,381
Operating lease liabilities, non-current	11,812	14,141
Other liabilities	4	4
Total liabilities	36,627	38,526
Commitments and contingencies (Note 13)
Stockholders’ equity:
Preferred stock, $0.01 par value; 10,000,000 shares authorized as of June 30, 2026 and December 31, 2025; zero shares issued and outstanding as of June 30, 2026 and December 31, 2025	0	0
Common stock, $0.01 par value; 400,000,000 shares authorized as of June 30, 2026 and December 31, 2025; 44,994,373 and 44,086,361 shares issued as of June 30, 2026 and December 31, 2025, respectively; and 33,615,293 and 36,848,301 outstanding as of June 30, 2026 and December 31, 2025, respectively	450	441
Treasury stock, at cost; 11,379,080 and 7,238,060 shares as of June 30, 2026 and December 31, 2025, respectively	(55,707)	(34,977)
Additional paid-in capital	478,273	474,288
Accumulated deficit	(349,215)	(346,018)
Accumulated other comprehensive loss	(63)	(153)
Total stockholders’ equity	73,738	93,581
Total liabilities and stockholders’ equity	$ 110,365	$ 132,107