1stdibs.com | 10-Q: FY2025 Q3 Revenue Beats Estimate at USD 21.97 M

LB filings
2025.11.07 13:42
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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: $21.972 million for the three months ended September 30, 2025, compared to $21.190 million for the same period in 2024, representing a 4% increase. For the nine months ended September 30, 2025, net revenue was $66.652 million, compared to $65.487 million in 2024, a 2% increase.

Operational Metrics

  • Gross Profit: $16.331 million for the three months ended September 30, 2025, compared to $15.036 million in 2024. Gross margin was 74.3% in 2025, up from 71.0% in 2024.
  • Operating Expenses: Total operating expenses were $21.014 million for the three months ended September 30, 2025, down from $22.428 million in 2024. For the nine months ended September 30, 2025, operating expenses were $65.206 million, compared to $66.205 million in 2024.
  • Net Loss: $3.506 million for the three months ended September 30, 2025, compared to $5.683 million in 2024. For the nine months ended September 30, 2025, net loss was $12.625 million, compared to $13.423 million in 2024.

Cash Flow

  • Net Cash Used in Operating Activities: - $6.707 million for the nine months ended September 30, 2025, compared to - $5.708 million in 2024.
  • Net Cash Provided by Investing Activities: $4.202 million for the nine months ended September 30, 2025, compared to $15.325 million in 2024.
  • Net Cash Used in Financing Activities: - $3.776 million for the nine months ended September 30, 2025, compared to - $25.155 million in 2024.

Unique Metrics

  • Gross Merchandise Value (GMV): $89.064 million for the three months ended September 30, 2025, compared to $84.613 million in 2024. For the nine months ended September 30, 2025, GMV was $273.695 million, compared to $267.813 million in 2024.
  • Number of Orders: 31,960 for the three months ended September 30, 2025, compared to 33,347 in 2024. For the nine months ended September 30, 2025, the number of orders was 100,041, compared to 102,614 in 2024.
  • Active Buyers: 63,195 as of September 30, 2025, compared to 62,527 in 2024.

Future Outlook and Strategy

  • Core Business Focus: The company plans to continue investing in growth activities and expects operating losses to continue in the foreseeable future. The focus will be on platform development to support strategic initiatives and anticipated share repurchases under the Stock Repurchase Programs.
  • Non-Core Business: The company has authorized a new stock repurchase program in November 2025, allowing for the repurchase of up to $12.0 million of its common stock, replacing the previous 2024 Stock Repurchase Program.
Source: LB filings The copyright of this article belongs to the original author/organization.
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