1stDibs Q4 net loss narrows to $1.0M; first positive Adj EBITDA as public company

1stdibs.com, Inc.

2025-FY EPS reported -$0.38 vs consensus -$0.04 ▼ miss (-831.4%)

Q4 revenue $23.0M (+1% YoY); GMV $90.2M (-5%); Active Buyers ~61K (-5%).
GAAP net loss $1.0M vs $5.2M loss in Q4 2024; Adjusted EBITDA $1.3M vs ($1.6M).
Full year 2025 revenue $89.6M (+2%); net loss $13.7M vs $18.6M loss in 2024.
Q1 2026 guidance: revenue $22.1M-$23.1M; Adjusted EBITDA margin 0%-4%.
Cash and equivalents $95.0M; management sees structural cost leverage.

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