1stdibs.com | 8-K: FY2025 Q3 Revenue Beats Estimate at USD 21.97 M

Revenue: As of FY2025 Q3, the actual value is USD 21.97 M, beating the estimate of USD 21.51 M.

EPS: As of FY2025 Q3, the actual value is USD -0.1, beating the estimate of USD -0.13.

EBIT: As of FY2025 Q3, the actual value is USD -5.66 M.

Segment Revenue

• Net Revenue: $22.0 million, an increase of 4% year-over-year.

Operational Metrics

• Gross Profit: $16.3 million, an increase of 9% year-over-year.
• Gross Margin: 74.3%, compared to 71.0% in the third quarter of 2024.
• GAAP Net Loss: $3.5 million, compared to a net loss of $5.7 million in the third quarter of 2024.
• Non-GAAP Adjusted EBITDA: - $0.2 million, compared to - $3.0 million in the third quarter of 2024.
• Adjusted EBITDA Margin: -1.1%, compared to -14.1% in the third quarter of 2024.

Cash Flow

• Cash, Cash Equivalents, and Short-term Investments: $93.4 million as of September 30, 2025.

Unique Metrics

• Gross Merchandise Value (GMV): $89.1 million, an increase of 5% year-over-year.
• Number of Orders: Approximately 32,000, a decrease of 4% year-over-year.
• Active Buyers: Approximately 63,000, an increase of 1% year-over-year.

Outlook / Guidance

• The company expects fourth quarter 2025 GMV to be between $90 million and $96 million, and net revenue to be between $22.3 million and $23.5 million.
• The Adjusted EBITDA margin is projected to be between 2% and 5% for the fourth quarter of 2025.
• The company is on track to achieve positive Adjusted EBITDA in the fourth quarter and for the full-year 2026.