1stdibs.com, Inc.
DIBS · Retail-Catalog & Mail-Order Houses · 35.3M shares · +39%/yr ↑ dilution · EDGAR filings ↗
Net buyback after stock comp: -$9M (gross $3M, SBC $12M)
Reference price $4.51 · est. market cap ~$159M — last insider purchase, 2026-05-12 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
D52Asset-light luxury-design marketplace, well-funded but still unprofitable with flat growth.
Strengths
- High gross margin 73% (91st pct) and very strong liquidity (current ratio 4.2, ~28-quarter runway)
- Asset-light marketplace with $10B+ seller stock value and narrowing Adjusted EBITDA loss
- Differentiated, hard-to-replicate brand in fragmented luxury-design category
Risks
- Persistent losses: net margin -15%, operating margin -21%, negative free cash flow
- Revenue growth only 1.5% with declining active buyers and seller count
- Exposure to discretionary luxury spending and reliance on third-party traffic sources
Notable findings
- Net lossNet loss (net margin -15.2%)
- Cash burnNegative free cash flow (-3.2M)
- Customer concentration~74% of revenue from one customer/distributor — Our marketplace transaction fees represent the majority of our net revenue and accounted for 74%, 74%, and 71% of our net revenue in the years ended December 31, 2025, 2024, and 2023, respectively
- Chronic dilutionShare count +39%/yr over 4y (dilution, book value/share -84%)
- Insider buyingInsider buying — 3 open-market buy(s) by 1 insider(s) (~$214,132, last 6mo) Form 4 ↗
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
73.0%
Operating margin
-21.2%
Net margin
-15.2%
Return on equity
-14.6%
Return on assets
-10.3%
Revenue growth (QoQ)
-2.5%
Current ratio
4.2×
Free cash flow
-$3M
EBITDA
-$17M
Tangible book value
$89M
Cash & investments
$23M
Cash runway
29q
Stock comp / revenue
15.7%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-08 | Volent Paula | Option exercise | 41K | — |
| 2026-06-08 | Goins Melanie F | Option exercise | 9.0K | — |
| 2026-06-08 | Robb Andrew George | Option exercise | 41K | — |
| 2026-06-08 | Goins Melanie F | Option exercise | 10K | — |
| 2026-06-08 | Goins Melanie F | Option exercise | 12K | — |
| 2026-06-08 | Goins Melanie F | Tax withheld | 9.0K | $4.01 |
| 2026-06-08 | Schipper Brian | Option exercise | 41K | — |
| 2026-06-08 | Cohler Matt | Option exercise | 41K | — |
| 2026-06-08 | Etergino Thomas J | Option exercise | 11K | — |
| 2026-06-08 | Etergino Thomas J | Option exercise | 11K | — |
| 2026-06-08 | Etergino Thomas J | Option exercise | 12K | — |
| 2026-06-08 | Etergino Thomas J | Option exercise | 17K | — |
| 2026-06-08 | Etergino Thomas J | Tax withheld | 18K | $4.01 |
| 2026-06-08 | Taylor Everette | Option exercise | 41K | — |
| 2026-06-08 | ROSENBLATT DAVID S | Option exercise | 48K | — |
| 2026-06-08 | ROSENBLATT DAVID S | Option exercise | 48K | — |
| 2026-06-08 | ROSENBLATT DAVID S | Option exercise | 42K | — |
| 2026-06-08 | ROSENBLATT DAVID S | Option exercise | 38K | — |
| 2026-06-08 | ROSENBLATT DAVID S | Tax withheld | 96K | $4.01 |
| 2026-06-08 | HICKOK LORI A | Option exercise | 41K | — |
| 2026-05-12 | ROSENBLATT DAVID S | Buy | 320 | $4.35 |
| 2026-05-12 | ROSENBLATT DAVID S | Buy | 44K | $4.51 |
| 2026-05-12 | ROSENBLATT DAVID S | Buy | 3.4K | $4.49 |
| 2026-03-17 | Goins Melanie F | Sell | 24 | $5.52 |
| 2026-03-16 | Goins Melanie F | Sell | 69 | $5.50 |
| 2026-03-13 | Goins Melanie F | Sell | 7 | $5.50 |
| 2026-03-11 | Goins Melanie F | Sell | 36 | $5.50 |
| 2026-03-10 | Goins Melanie F | Sell | 2.6K | $5.52 |
| 2026-03-09 | Goins Melanie F | Option exercise | 9.0K | — |
| 2026-03-09 | Goins Melanie F | Option exercise | 10K | — |
| 2026-03-09 | Goins Melanie F | Option exercise | 8.8K | — |
| 2026-03-09 | Goins Melanie F | Tax withheld | 9.7K | — |
| 2026-03-09 | Goins Melanie F | Sell | 12K | $5.50 |
| 2026-03-09 | Goins Melanie F | Option exercise | 5.3K | — |
| 2026-03-09 | Taylor Everette | Option exercise | 12K | — |
| 2026-03-09 | Etergino Thomas J | Option exercise | 14K | — |
| 2026-03-09 | Etergino Thomas J | Option exercise | 17K | — |
| 2026-03-09 | Etergino Thomas J | Option exercise | 11K | — |
| 2026-03-09 | Etergino Thomas J | Option exercise | 11K | — |
| 2026-03-09 | Etergino Thomas J | Tax withheld | 19K | $5.49 |
| 2026-03-09 | ROSENBLATT DAVID S | Option exercise | 38K | — |
| 2026-03-09 | ROSENBLATT DAVID S | Option exercise | 48K | — |
| 2026-03-09 | ROSENBLATT DAVID S | Option exercise | 48K | — |
| 2026-03-09 | ROSENBLATT DAVID S | Tax withheld | 62K | $5.49 |
| 2025-12-08 | ROSENBLATT DAVID S | Sell | 73K | $5.96 |
| 2025-12-08 | Goins Melanie F | Option exercise | 5.3K | — |
| 2025-12-08 | Goins Melanie F | Option exercise | 8.8K | — |
| 2025-12-08 | Goins Melanie F | Option exercise | 9.0K | — |
| 2025-12-08 | Goins Melanie F | Option exercise | 10K | — |
| 2025-12-08 | Goins Melanie F | Sell | 11K | $5.96 |
| 2025-12-08 | Etergino Thomas J | Option exercise | 17K | — |
| 2025-12-08 | Etergino Thomas J | Option exercise | 14K | — |
| 2025-12-08 | Etergino Thomas J | Option exercise | 11K | — |
| 2025-12-08 | Etergino Thomas J | Option exercise | 11K | — |
| 2025-12-08 | Etergino Thomas J | Sell | 27K | $5.96 |
| 2025-12-08 | ROSENBLATT DAVID S | Option exercise | 38K | — |
| 2025-12-08 | ROSENBLATT DAVID S | Option exercise | 48K | — |
| 2025-12-08 | ROSENBLATT DAVID S | Option exercise | 48K | — |
| 2025-11-24 | ROSENBLATT DAVID S | Option exercise | 667K | $3.87 |
| 2025-11-24 | ROSENBLATT DAVID S | Sell | 595K | $5.09 |
| 2025-09-08 | Etergino Thomas J | Option exercise | 14K | — |
| 2025-09-08 | Etergino Thomas J | Option exercise | 11K | — |
| 2025-09-08 | Etergino Thomas J | Option exercise | 11K | — |
| 2025-09-08 | Etergino Thomas J | Sell | 19K | $2.80 |
| 2025-09-08 | Goins Melanie F | Option exercise | 5.3K | — |
| 2025-09-08 | Goins Melanie F | Option exercise | 8.8K | — |
| 2025-09-08 | Goins Melanie F | Option exercise | 9.0K | — |
| 2025-09-08 | Goins Melanie F | Option exercise | 10K | — |
| 2025-09-08 | Goins Melanie F | Sell | 9.7K | $2.80 |
| 2025-09-08 | ROSENBLATT DAVID S | Option exercise | 38K | — |
| 2025-09-08 | ROSENBLATT DAVID S | Option exercise | 48K | — |
| 2025-09-08 | ROSENBLATT DAVID S | Sell | 73K | $2.80 |
| 2025-09-08 | ROSENBLATT DAVID S | Option exercise | 48K | — |
| 2025-09-08 | Etergino Thomas J | Option exercise | 17K | — |
| 2025-06-09 | Etergino Thomas J | Option exercise | 17K | — |
| 2025-06-09 | ROSENBLATT DAVID S | Option exercise | 38K | — |
| 2025-06-09 | ROSENBLATT DAVID S | Option exercise | 48K | — |
| 2025-06-09 | ROSENBLATT DAVID S | Option exercise | 48K | — |
| 2025-06-09 | ROSENBLATT DAVID S | Tax withheld | 73K | $2.95 |
| 2025-06-09 | Etergino Thomas J | Option exercise | 14K | — |
| 2025-06-09 | Etergino Thomas J | Option exercise | 11K | — |
| 2025-06-09 | Etergino Thomas J | Option exercise | 11K | — |
| 2025-06-09 | Etergino Thomas J | Tax withheld | 19K | $2.95 |
| 2025-06-09 | Goins Melanie F | Option exercise | 5.3K | — |
| 2025-06-09 | Goins Melanie F | Option exercise | 8.8K | — |
| 2025-06-09 | Goins Melanie F | Option exercise | 9.0K | — |
| 2025-06-09 | Goins Melanie F | Option exercise | 10K | — |
| 2025-06-09 | Goins Melanie F | Tax withheld | 9.7K | $2.95 |
| 2025-06-08 | Cohler Matt | Option exercise | 31K | — |
| 2025-06-08 | HICKOK LORI A | Option exercise | 31K | — |
| 2025-06-08 | Robb Andrew George | Option exercise | 31K | — |
| 2025-06-08 | Schipper Brian | Option exercise | 31K | — |
| 2025-06-08 | Volent Paula | Option exercise | 31K | — |
| 2025-06-08 | Taylor Everette | Option exercise | 31K | — |
| 2025-03-18 | Rubinger Matthew | Sell | 8.1K | $3.00 |
| 2025-03-10 | Beauchamp Ryan | Tax withheld | 7.8K | $3.36 |
| 2025-03-10 | Goins Melanie F | Option exercise | 5.3K | — |
| 2025-03-10 | Goins Melanie F | Option exercise | 2.7K | — |
| 2025-03-10 | Goins Melanie F | Option exercise | 8.8K | — |
| 2025-03-10 | Goins Melanie F | Option exercise | 9.0K | — |
| 2025-03-10 | Goins Melanie F | Tax withheld | 7.6K | $3.36 |
| 2025-03-10 | Etergino Thomas J | Option exercise | 17K | — |
| 2025-03-10 | Etergino Thomas J | Option exercise | 14K | — |
| 2025-03-10 | Etergino Thomas J | Option exercise | 11K | — |
| 2025-03-10 | Etergino Thomas J | Tax withheld | 15K | $3.36 |
| 2025-03-10 | ROSENBLATT DAVID S | Option exercise | 38K | — |
| 2025-03-10 | ROSENBLATT DAVID S | Option exercise | 48K | — |
| 2025-03-10 | Taylor Everette | Option exercise | 12K | — |
| 2025-03-10 | ROSENBLATT DAVID S | Tax withheld | 34K | $3.36 |
| 2025-03-10 | Rubinger Matthew | Option exercise | 2.9K | — |
| 2025-03-10 | Rubinger Matthew | Option exercise | 9.2K | — |
| 2025-03-10 | Rubinger Matthew | Option exercise | 9.1K | — |
| 2025-03-10 | Rubinger Matthew | Tax withheld | 7.6K | $3.36 |
| 2025-03-10 | Beauchamp Ryan | Option exercise | 14K | — |
| 2025-03-10 | Beauchamp Ryan | Option exercise | 8.0K | — |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-05-12 | 2026-05-11 | 0001600641-26-000024 ↗ |
| 8-K | 2026-05-11 | 2026-05-07 | 0001600641-26-000021 ↗ |
| 8-K | 2026-05-08 | 2026-05-08 | 0001600641-26-000017 ↗ |
| 10-Q | 2026-05-08 | 2026-03-31 | 0001600641-26-000019 ↗ |
| 10-K | 2026-02-27 | 2025-12-31 | 0001600641-26-000007 ↗ |
| 8-K | 2026-02-27 | 2026-02-27 | 0001600641-26-000004 ↗ |
| 10-Q | 2025-11-07 | 2025-09-30 | 0001600641-25-000130 ↗ |
| 8-K | 2025-11-07 | 2025-11-04 | 0001600641-25-000128 ↗ |
| 10-Q | 2025-08-07 | 2025-06-30 | 0001600641-25-000113 ↗ |
| 8-K | 2025-08-06 | 2025-08-06 | 0001600641-25-000109 ↗ |
| 8-K | 2025-05-14 | 2025-05-08 | 0001600641-25-000074 ↗ |
| 10-Q | 2025-05-12 | 2025-03-31 | 0001600641-25-000057 ↗ |