1stdibs.com Reports 5% Revenue Growth to $23.3 Million in Q2 2026

1stdibs.com, Inc. reported its financial results for the second quarter of 2026, revealing a net revenue of $23.3 million, a 5% increase from $22.1 million in the same period last year. For the first half of 2026, the company generated $45.7 million in revenue, up 2% from $44.7 million in the first half of 2025. The growth in revenue was attributed to an increase in Gross Merchandise Value (GMV), primarily driven by a rise in average order value, despite a decrease in the number of orders. The company noted that macroeconomic factors, including housing market volatility and geopolitical developments, have negatively impacted its performance metrics.

The cost of revenue for the second quarter decreased by 2% to $6.1 million, compared to $6.2 million in the prior year, contributing to a gross profit of $17.2 million and a gross margin of 73.9%, up from 71.8% a year earlier. Operating expenses for the quarter totaled $19.3 million, down from $21.6 million in the same quarter of 2025, largely due to a significant reduction in sales and marketing expenses, which fell by 34% to $5.4 million. This reduction was attributed to decreased performance-based marketing costs and a reduction in headcount-related expenses following recent organizational changes.

1stdibs.com also reported a net loss of $1.0 million for the second quarter, an improvement from a net loss of $4.3 million in the same quarter of 2025. The company’s loss per share was $(0.03), compared to $(0.12) a year earlier. For the first half of 2026, the net loss was $3.2 million, down from $9.1 million in the first half of 2025. The company’s adjusted EBITDA for the second quarter was $1.3 million, a significant improvement from an adjusted EBITDA loss of $1.8 million in the prior year.

In terms of operational metrics, the number of active buyers remained stable at 57,663, while the total GMV for the second quarter reached $96.0 million, up from $89.9 million in the same quarter of 2025. The company’s cash and cash equivalents stood at $18.9 million as of June 30, 2026, down from $22.4 million a year earlier. The decrease in cash was influenced by a reclassification of approximately $5.9 million to receivables from payment processors and seller accounts, reflecting changes in payment processing agreements.

Looking ahead, 1stdibs.com anticipates continued investment in growth initiatives, despite the expectation of ongoing operating losses in the near term. The company believes its existing cash and short-term investments will be sufficient to fund operations for at least the next 12 months, although it may need to seek additional capital to support longer-term objectives. The management remains focused on positioning the business to benefit from potential improvements in macroeconomic conditions.