secwatch.observer — SEC 8-K summary
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Issuer:     1stdibs.com, Inc. (DIBS)
CIK:        0001600641
Form:       8-K
Filed at:   2024-11-08T23:59:59+00:00
Accession:  0001600641-24-000192
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

1stdibs Q3 revenue $21.2M (+3% YoY), net loss widens to $5.7M; Q4 guidance soft
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- Net revenue $21.2M (+3% YoY); gross margin 71.0% vs 73.3% in Q3 2023.
- GAAP net loss $5.7M vs $3.3M loss a year ago; Adjusted EBITDA -$3.0M (-14.1% margin).
- GMV $84.6M (-5% YoY); orders +7% to ~33K; active buyers ~63K (-1%).
- Q4 guidance: revenue $21.4-22.7M, GMV $86-93M, Adj EBITDA margin (13%)-(17%).
- Board authorized $10M stock repurchase program in August 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1600641/000160064124000192/0001600641-24-000192-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1600641/000160064124000192/quarterly-20241108.htm
  HTML page:      https://secwatch.observer/filing/0001600641-24-000192

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer