DIBS

EX-99.1

2 ex991q2fy26earningsrelease.htm

EX-99.1

Document

Exhibit 99.1

1stDibs Reports Second Quarter 2026 Financial Results

New York, NY — August 5, 2026 — 1stdibs.com, Inc. (NASDAQ: DIBS), a leading online marketplace for luxury design products ("1stDibs" or the "Company"), today reported financial results for its second quarter ended June 30, 2026.

Second Quarter 2026 Financial Highlights

•Net revenue was $23.3 million, an increase of 5% year-over-year.

•Gross profit was $17.2 million, an increase of 8% year-over-year.

•Gross margin was 73.9%, compared to 71.8% in the second quarter 2025.

•GAAP net loss was $1.0 million compared to a net loss of $4.3 million in the second quarter 2025.

•Non-GAAP Adjusted EBITDA and Adjusted EBITDA Margin was $1.3 million and 5.6%, respectively, compared to $(1.8) million and (7.9)%, respectively, in the second quarter 2025.

•Cash, cash equivalents and short-term investments totaled $67.7 million as of June 30, 2026.

“The second quarter was a proof point for our product, our platform, and our plan," said David Rosenblatt, 1stDibs CEO. "GMV of $96.0 million came in above the high end of guidance, up 7%, our strongest growth rate since late 2024. We believe we gained market share in spite of having reduced Sales and Marketing spend, a combination that tells us our product roadmap is driving structural improvement in our competitive position.”

"The second quarter demonstrated exactly what our reengineered cost structure was designed to do," said Tom Etergino, 1stDibs Chief Financial Officer. "GMV and revenue both beat the high end of guidance, and Adjusted EBITDA margin of approximately 6%, also well above our guidance range, improved over 13 percentage points versus a year ago. The lower cost structure we built from 2022 through 2025 is converting revenue upside directly into margin expansion.”

Other Recent Business Highlights and Second Quarter Key Operating Metrics

•Gross Merchandise Value ("GMV") was $96.0 million, an increase of 7% year-over-year.

•Number of Orders was approximately 32K, a decrease of 4% year-over-year.

•Active Buyers was approximately 58K, a decrease of 10% year-over-year.

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Financial Guidance and Outlook

The Company’s third quarter 2026 guidance is below.

Q3 2026 Guidance

GMV$89.0 million - $94.0 million

Net revenue$22.0 million - $22.9 million

Adjusted EBITDA margin (non-GAAP)(1%) - 2%

Actual results may differ materially from our Financial Guidance and Outlook as a result of, among other things, the factors described under “Forward-Looking Statements” below.

A GAAP reconciliation to our non-GAAP guidance measure (adjusted EBITDA) is not available on a forward-looking basis without unreasonable effort due to the potential variability and uncertainty of expenses that may be incurred in the future. Stock-based compensation expense is impacted by the timing of employee stock transactions, the future fair market value of our common stock, and our future hiring and retention needs, all of which are difficult to predict and subject to change. We have provided a reconciliation of GAAP to non-GAAP financial measures in the financial statement tables for our historical non-GAAP financial results included in this press release.

Webcast Information

1stDibs will host a webcast to discuss its second quarter 2026 financial results today at 8:00 a.m. Eastern Time. Investors and participants can access the webcast at the 1stDibs Investor Relations website (investors.1stdibs.com). A replay of the webcast will be available through the same link following the webcast, for one year thereafter.

Disclosure Information

In compliance with disclosure obligations under Regulation FD, 1stDibs announces material information to the public through a variety of means, including filings with the Securities and Exchange Commission, press releases, company blog posts, public conference calls and webcasts, as well as the investor relations website.

Final Results

The financial results discussed herein are presented on a preliminary basis; final data will be included in 1stDibs's Quarterly Report on Form 10−Q for the period ended June 30, 2026.

About 1stDibs

1stDibs is a leading online marketplace for connecting design lovers with highly coveted sellers and makers of vintage, antique, and contemporary furniture, home décor, art, jewelry, watches and fashion.

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Investor Relations Contact:

Kevin LaBuz

investors@1stdibs.com

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Forward-Looking Statements

This press release contains or references "forward-looking statements" and "forward-looking information" within the meaning of applicable federal and state securities laws (collectively, "forward-looking statements"). Forward-looking statements include statements relating to our financial guidance for the third quarter of 2026 and underlying assumptions; our ability to improve customer engagement and frequency; our ability to align our resources with strategic growth and profitability; and the impact

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quarterly-202602270001600641false00016006412026-02-272026-02-27

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

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FORM 8-K

——————————

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): February 27, 2026 —————————— 1stdibs.com, Inc.

(Exact name of registrant as specified in its charter) ——————————

Delaware 001-4045394-3389618 (State or other jurisdiction of incorporation)(Commission File Number)(IRS Employer Identification No.)

300 Park Avenue South, 10th Floor New York, New York 10010

(Address of principal executive offices, including zip code)

(212) 627-3929

(Registrant's telephone number, including area code)

——————————

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligations of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240-13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class Trading symbol(s) Name of each exchange on which registered Common Stock, $0.01 par value per shareDIBSNasdaq Global Market

Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b–2 of the Securities Exchange Act of 1934 (§240.12b–2 of this chapter). Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐ ——————————————————————————————————————————————————

Item 2.02    Results of Operations and Financial Condition

On February 27, 2026, 1stdibs.com, Inc. (the “Company”) issued a press release announcing its financial results for the fourth quarter and year ended December 31, 2025. A copy of the Company’s press release is attached hereto as Exhibit 99.1.

The information in this Item 2.02 (including Exhibit 99.1) shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) or otherwise subject to the liability of that section, and shall not be incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing.

Item 9.01    Financial Statements and Exhibits.

(d)Exhibits.

Exhibit NumberDescription 99.1 Press Release dated February 27, 2026

104Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

By:/s/ David S. Rosenblatt Dated: February 27, 2026 David S. Rosenblatt Chief Executive Officer