{"schema_version":"secwatch.filing_event.v1","accession":"0001600641-23-000160","form_type":"8-K","ticker":"DIBS","cik":"0001600641","company_name":"1stdibs.com, Inc.","filed_at":"2023-08-09T23:59:59+00:00","discovered_at":"2026-05-14T18:03:34.503660+00:00","generated_at":"2026-06-11T22:17:59.978217+00:00","sec_items":["2.02","8.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"1stDibs Q2 revenue down 15% YoY to $20.9M; net loss $8.3M; authorizes $20M buyback","bullets":["Net revenue $20.9M, down 15% YoY; GAAP net loss $8.3M vs $0.3M loss in Q2 2022 (which included $9.7M gain on sale of Design Manager).","Adjusted EBITDA negative $4.6M, margin (21.9)% vs (24.7)% prior year; GMV $89.9M, down 14% YoY.","Q3 2023 guidance: GMV $85-92M, net revenue $20.1-21.3M, Adjusted EBITDA margin (17%)-(12%).","Board authorized $20M stock repurchase program; June workforce reduction of ~20% resulted in $2M restructuring charges.","Active Buyers ~65K (-6% YoY); Orders ~32K (-9% YoY); cash and short-term investments $145.9M."],"urls":{"canonical":"https://secwatch.observer/filing/0001600641-23-000160","json":"https://secwatch.observer/filing/0001600641-23-000160.json","markdown":"https://secwatch.observer/filing/0001600641-23-000160.md","text":"https://secwatch.observer/filing/0001600641-23-000160.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1600641/000160064123000160/0001600641-23-000160-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1600641/000160064123000160/q1-20230804.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-11T22:17:59.978217+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"7b0e9e845055ef5de358c75253aa20b6abc9f9d0","claim":"1stdibs.com, Inc. reported second fiscal quarter ended June 30, 2023 results: revenue $20.9 million, net income $8.3 million. Guidance initiated.","evidence_excerpt":"products (\"1stDibs\" or the \"Company\") , today reported financial results for its second quarter ended June 30, 2023. Second Quarter 2023 Financial Highlights • Net revenue was $20.9 million, a decrease of 15% year-over-year. • Gross profit was $14.6 million, a decrease of 12% year-over-year. • Gross margin was 69.8%, compared to 67.6% in the second quarter 2022. •","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1600641/000160064123000160/0001600641-23-000160-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"second fiscal quarter ended June 30, 2023"},{"label":"Revenue","value":"$20.9 million"},{"label":"Net income","value":"$8.3 million"},{"label":"Guidance","value":"initiated"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}