Mon, May 12, 12:35 PM (68 days ago)
**1stdibs.com, Inc. (DIBS) Q1 2025 Financial Summary** **Financial Health & Performance:** - **Revenue:** $22.5M (up 2% YoY) - Primary revenue streams: seller marketplace services (75%) and subscriptions (21%). - Increase driven by higher average order value, despite consistent order volume. - **Profit Margins:** Gross margin at 72.4%, consistent YoY. - Operating loss of $6.3M (up 15% YoY). - Net loss of $4.8M (up 45% YoY). - **Cash Flow:** Net cash used in operations was $0.1M (improved from $3.1M outflow in Q1 2024). - Investing activities used $3.3M (vs. $1.4M inflow in Q1 2024). - Financing activities used $2.4M (vs. $2.0M in Q1 2024). - Total cash, cash equivalents, and short-term investments: $101.0M. - **Earnings Changes:** Increased operating expenses by 6% YoY, driven by technology development (up 18%) and provision for transaction losses (up 117%). - **Share Repurchases:** $1.8M spent on repurchasing 477,992 shares under the 2024 Stock Repurchase Program. **Trends & Uncertainties:** - **Growth Strategies:** Focus on expanding international presence and scaling operations. - **Market Risks:** Exposure to interest rate changes, foreign currency fluctuations, and inflation. - **Future Operations:** Expect continued operating losses and negative cash flows due to strategic growth investments. - **Liquidity:** Existing cash and investments expected to fund operations for at least the next 12 months. **Key Metrics (Q1 2025 vs. Q1 2024):** - **GMV:** $94.7M (up 3% YoY). - **Number of Orders:** 35,262 (down 0.2% YoY). - **Active Buyers:** 64,799 (up 7% YoY). - **Adjusted EBITDA:** ($1.7M) (improved from ($1.8M) in Q1 2024). **Future Outlook:** - **Growth:** Continued investment in platform development and strategic initiatives. - **Uncertainties:** Economic conditions, competitive landscape, and regulatory environment may impact future performance. - **Capital Requirements:** May need additional funds for longer-term business objectives and strategic endeavors.