---
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"
generated_at: "2026-06-11T22:17:59.978217+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# 1stDibs Q2 revenue down 15% YoY to $20.9M; net loss $8.3M; authorizes $20M buyback

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001600641-23-000160
- JSON: https://secwatch.observer/filing/0001600641-23-000160.json
- Plain text: https://secwatch.observer/filing/0001600641-23-000160.txt

## Key facts
- Earnings Releases
  1stdibs.com, Inc. reported second fiscal quarter ended June 30, 2023 results: revenue $20.9 million, net income $8.3 million. Guidance initiated.
  - Period: second fiscal quarter ended June 30, 2023
  - Revenue: $20.9 million
  - Net income: $8.3 million
  - Guidance: initiated
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1600641/000160064123000160/0001600641-23-000160-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.