1stdibs.com | 10-Q: FY2025 Q2 Revenue Beats Estimate at USD 22.14 M

Revenue: As of FY2025 Q2, the actual value is USD 22.14 M, beating the estimate of USD 22.1 M.

EPS: As of FY2025 Q2, the actual value is USD -0.12, beating the estimate of USD -0.17.

EBIT: As of FY2025 Q2, the actual value is USD -4.294 M.

Segment Revenue

• Net Revenue: $22.1 million for the three months ended June 30, 2025, compared to $22.2 million for the same period in 2024, showing a slight decrease primarily due to a decrease in GMV and number of orders.

Operational Metrics

• Gross Profit: $15.9 million for the three months ended June 30, 2025, consistent with the same period in 2024.
• Operating Expenses: Total operating expenses were $21.6 million for the three months ended June 30, 2025, compared to $22.4 million for the same period in 2024, reflecting a decrease primarily in sales and marketing expenses.
• Net Loss: $4.3 million for the three months ended June 30, 2025, compared to $4.4 million for the same period in 2024.

Cash Flow

• Net Cash Used in Operating Activities: $5.2 million for the six months ended June 30, 2025, driven by changes in operating assets and liabilities.
• Net Cash Provided by Investing Activities: $5.9 million for the six months ended June 30, 2025, primarily from maturities and sales of short-term investments.
• Net Cash Used in Financing Activities: $3.1 million for the six months ended June 30, 2025, mainly due to stock repurchases and tax payments related to stock-based compensation.

Unique Metrics

• Gross Merchandise Value (GMV): $89.9 million for the three months ended June 30, 2025, compared to $91.5 million for the same period in 2024.
• Number of Orders: 32,819 for the three months ended June 30, 2025, compared to 33,952 for the same period in 2024.
• Active Buyers: 64,363 for the three months ended June 30, 2025, compared to 61,155 for the same period in 2024.

Future Outlook and Strategy

• Core Business Focus: The company plans to continue investing in growth activities, including platform development to support strategic initiatives. It expects operating losses and negative cash flows from operations to continue in the foreseeable future.
• Stock Repurchase Program: The company has repurchased 477,992 shares of common stock for $1.8 million during the six months ended June 30, 2025, with approximately $2.0 million remaining available for future purchases.