Overview

• Luxury marketplace's Q4 revenue rose 1% yr/yr, slightly missing analyst expectations

• Company achieved first positive Adjusted EBITDA as a public company

• Q4 net loss reduced significantly compared to prior year

Outlook

• Company projects Q1 2026 GMV between $86.5 mln and $91.5 mln

• 1stdibs forecasts Q1 2026 net revenue of $22.1 mln to $23.1 mln

• Company expects Q1 2026 Adjusted EBITDA margin between 0% and 4%

Result Drivers

• COST MANAGEMENT - Improved monetization and disciplined cost management led to first positive Adjusted EBITDA as a public company, per CFO Tom Etergino

• MACROECONOMIC CHALLENGES - Top-line results were affected by a challenging macroeconomic backdrop, according to CEO David Rosenblatt

• DECLINE IN GMV - GMV decreased by 5% yr/yr, indicating challenges in customer demand

Company press release: ID:nBwCH21ra

Key Details

*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the online services peer group is "buy"

• Wall Street's median 12-month price target for 1stdibs.Com Inc is $7.00, about 25% above its February 26 closing price of $5.60

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)