{"url_path":"/sec/dibs/10-q/2026/cover-page","section_key":"cover-page","section_title":"Cover Page","topic":"sec","document":{"doc_type":"10-Q","doc_date":"2026-05-08","source_url":"https://www.sec.gov/Archives/edgar/data/1600641/0001600641-26-000019-index.html","accession_number":"0001600641-26-000019","cik":"0001600641","ticker":"DIBS","issuer_name":"1stdibs.com, Inc.","edgar_url":"https://www.sec.gov/Archives/edgar/data/1600641/0001600641-26-000019-index.html","primary_entity_key":"0001600641","primary_entity_name":"1stdibs.com, Inc."},"word_count":1635,"has_tables":true,"body_markdown":"dibs-20260331\n0001600641falseDec 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STATES\n\nSECURITIES AND EXCHANGE COMMISSION\n\nWashington, D.C. 20549\n\nFORM 10-Q\n\n(Mark One)\n\nx\n\nQUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934\n\nFor the quarterly period ended March 31, 2026\n\nOR\n\no\nTRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934\n\nFor the transition period from _________ to __________\n\nCommission file number 333-256188\n\n1stdibs.com, Inc.\n\n(Exact name of registrant as specified in its charter)\n\nDelaware\n\n94-3389618\n\n(State or other jurisdiction of incorporation or organization)\n\n(I.R.S. Employer Identification No.)\n\n300 Park Avenue South, 10th Floor\n\nNew York, New York\n\n10010\n\n(Address of Principal Executive Offices)\n\n(Zip Code)\n\n(212) 627-3929\n\nRegistrant's telephone number, including area code\n\nSecurities registered pursuant to Section 12(b) of the Act:\n\nTitle of each classTrading Symbol(s)Name of each exchange on which registered\n\nCommon Stock, $0.01 par value per shareDIBSNasdaq Global Market\n\nIndicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports); and (2) has been subject to such filing requirements for the past 90 days.    Yes  x    No  o\n\nIndicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).     Yes  x   No  o\n\nIndicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.\n\nLarge accelerated filer\n\no\n\nAccelerated filer\n\no\n\nNon-accelerated filer\n\nx\n\nSmaller reporting company\n\nx\n\nEmerging growth company\n\nx\n\nIf 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. o\n\nIndicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act).     Yes   o     No  x\n\nAs of April 30, 2026, the registrant had 35,333,511 shares of common stock, $0.01 par value per share outstanding, net of treasury stock.\n\nTABLE OF CONTENTS\n\nPages\n\n[Part I - Financial Information](#i3bb031930d7c450bb74e8a9aaffb4d59_16)\n\n[Item 1.](#i3bb031930d7c450bb74e8a9aaffb4d59_19)\n\n[Financial Statements (Unaudited):](#i3bb031930d7c450bb74e8a9aaffb4d59_19)\n\n[7](#i3bb031930d7c450bb74e8a9aaffb4d59_19)\n\n[Condensed Consolidated Balance Sheets](#i3bb031930d7c450bb74e8a9aaffb4d59_22)\n\n[7](#i3bb031930d7c450bb74e8a9aaffb4d59_22)\n\n[Condensed Consolidated Statements of Operations](#i3bb031930d7c450bb74e8a9aaffb4d59_25)\n\n[8](#i3bb031930d7c450bb74e8a9aaffb4d59_25)\n\n[Condensed Consolidated Statements of Comprehensive Loss](#i3bb031930d7c450bb74e8a9aaffb4d59_28)\n\n[9](#i3bb031930d7c450bb74e8a9aaffb4d59_28)\n\n[Condensed Consolidated Statements of Stockholders’ Equity](#i3bb031930d7c450bb74e8a9aaffb4d59_31)\n\n[10](#i3bb031930d7c450bb74e8a9aaffb4d59_31)\n\n[Condensed Consolidated Statements of Cash Flows](#i3bb031930d7c450bb74e8a9aaffb4d59_37)\n\n[11](#i3bb031930d7c450bb74e8a9aaffb4d59_37)\n\n[Notes to Condensed Consolidated Financial Statements](#i3bb031930d7c450bb74e8a9aaffb4d59_40)\n\n[12](#i3bb031930d7c450bb74e8a9aaffb4d59_40)\n\n[Item 2.](#i3bb031930d7c450bb74e8a9aaffb4d59_88)\n\n[Management’s Discussion and Analysis of Financial Condition and Results of Operations](#i3bb031930d7c450bb74e8a9aaffb4d59_88)\n\n[24](#i3bb031930d7c450bb74e8a9aaffb4d59_88)\n\n[Item 3.](#i3bb031930d7c450bb74e8a9aaffb4d59_130)\n\n[Quantitative and Qualitative Disclosures About Market](#i3bb031930d7c450bb74e8a9aaffb4d59_130) Risk\n\n[32](#i3bb031930d7c450bb74e8a9aaffb4d59_130)\n\n[Item 4.](#i3bb031930d7c450bb74e8a9aaffb4d59_133)\n\n[Controls and Procedures](#i3bb031930d7c450bb74e8a9aaffb4d59_133)\n\n[33](#i3bb031930d7c450bb74e8a9aaffb4d59_133)\n\n[Part II - Other Information](#i3bb031930d7c450bb74e8a9aaffb4d59_136)\n\n[Item 1.](#i3bb031930d7c450bb74e8a9aaffb4d59_139)\n\n[Legal Proceedings](#i3bb031930d7c450bb74e8a9aaffb4d59_139)\n\n[35](#i3bb031930d7c450bb74e8a9aaffb4d59_139)\n\n[Item 1A.](#i3bb031930d7c450bb74e8a9aaffb4d59_142)\n\n[Risk Factors](#i3bb031930d7c450bb74e8a9aaffb4d59_142)\n\n[35](#i3bb031930d7c450bb74e8a9aaffb4d59_142)\n\n[Item 2.](#i3bb031930d7c450bb74e8a9aaffb4d59_145)\n\n[Unregistered Sales of Equity Securities and Use of Proceeds](#i3bb031930d7c450bb74e8a9aaffb4d59_145)\n\n[35](#i3bb031930d7c450bb74e8a9aaffb4d59_145)\n\n[Item 5.](#i3bb031930d7c450bb74e8a9aaffb4d59_154)\n\n[Other Information](#i3bb031930d7c450bb74e8a9aaffb4d59_154)\n\n[35](#i3bb031930d7c450bb74e8a9aaffb4d59_154)\n\n[Item 6.](#i3bb031930d7c450bb74e8a9aaffb4d59_160)\n\n[Exhibits Index](#i3bb031930d7c450bb74e8a9aaffb4d59_160)\n\n[36](#i3bb031930d7c450bb74e8a9aaffb4d59_160)\n\n[Signatures](#i3bb031930d7c450bb74e8a9aaffb4d59_163)\n\n[37](#i3bb031930d7c450bb74e8a9aaffb4d59_163)\n\nSPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS\n\nThis Quarterly Report on Form 10-Q contains forward-looking statements that involve substantial risks and uncertainties. Any statements contained in this Quarterly Report on Form 10-Q that are not statements of historical facts, including statements regarding our future results of operations and financial position, business strategy and plans, objectives of management for future operations, long term operating expenses, and expectations for capital requirements, may be deemed to be forward-looking statements. In some cases, you can identify forward-looking statements by the words “may,” “might,” “will,” “can,” “could,” “would,” “should,” “expect,” “intend,” “plan,” “objective,” “target,” “anticipate,” “believe,” “estimate,” “predict,” “project,” “potential,” “continue,” and “ongoing,” or the negative of these terms, or other comparable terminology intended to identify statements about the future. These statements involve known and unknown risks, uncertainties, and other factors that may cause our actual results, performance, or achievements to be materially different from the information expressed or implied by these forward-looking statements. Forward-looking statements include, but are not limited to, statements about:\n\n•our future financial performance, including our expectations regarding our net revenue, cost of revenue, operating expenses, and our ability to achieve and maintain future profitability, in particular with respect to the impacts of inflation, macroeconomic uncertainty, and geopolitical instability;\n\n•our ability to effectively manage or sustain our growth and to effectively expand our operations;\n\n•our growth strategies, plans, objectives and goals;\n\n•the market demand for the products offered on our online marketplace, including vintage, antique, and contemporary furniture, home décor, jewelry, watches, art, and fashion; new and authenticated luxury design items in general; and the online market for these products;\n\n•our ability to compete with existing and new competitors in existing and new markets;\n\n•our ability to attract and retain buyers and sellers;\n\n•our ability to increase the supply of luxury design items offered through our online marketplace;\n\n•our ability to timely and effectively scale our operations;\n\n•our ability to develop and protect our brand;\n\n•our ability to comply with laws and regulations;\n\n•our expectations regarding outstanding litigation;\n\n•our expectations and management of future growth;\n\n•our expectations concerning relationships with third parties;\n\n•economic and industry trends, projected growth, or trend analysis;\n\n•our estimated market opportunity;\n\n•our ability to add capacity, capabilities, and automation to our operations;\n\n•the increased expenses associated with being a public company;\n\n•the timing and amount of share repurchases;\n\n•the effect of catastrophic events or geopolitical conditions on our business and operations;\n\n•our ability to obtain, maintain, protect, and enforce our intellectual property rights and successfully defend against claims of infringement, misappropriation, or other violations of third-party intellectual property;\n\n•the availability of capital to grow our business;\n\n•our ability to successfully defend any future litigation brought against us;\n\n•our ability to implement and maintain effective policies, procedures, and internal controls;\n\n•adverse economic or market conditions that may harm our business;\n\n•exposure to increased economic and operational uncertainties from operating a global business, including the effects of foreign currency exchange;\n\n•the dependence of our business on our ability to attract and retain talented employees;\n\n•potential changes in laws and regulations applicable to us or our sellers, or our sellers’ ability to comply therewith; and\n\n•the amount of time for which we expect our cash, cash equivalents, and short-term investment balances and other available financial resources to be sufficient to fund our operations.\n\nThese forward-looking statements reflect our management’s beliefs and views with respect to future events and are based on estimates and assumptions as of the date of this Quarterly Report on Form 10-Q and are subject to risks and uncertainties. Actual results could differ materially from those contained in these forward-looking statements for a variety of reasons, including, but not limited to, those discussed in our Annual Report on Form 10-K for the year ended December 31, 2025, Part I, Item 1A, “Risk Factors,” as well as those discussed elsewhere in this Quarterly Report. As a result of these factors, we cannot assure you that the forward-looking statements in this Quarterly Report on Form 10-Q will prove to be accurate. Furthermore, if our forward-looking statements prove to be inaccurate, the inaccuracy may be material. In light of the significant uncertainties in these forward-looking statements, you should not regard these statements as a representation or warranty by us or any other person that we will achieve our objectives and plans in any specified timeframe, or at all. Moreover, we operate in a very competitive and rapidly changing environment. New risks emerge from time to time. It is not possible for our management to predict all risks, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements we may make. Given these uncertainties, you should not place undue reliance on these forward-looking statements.\n\nIn addition, statements that “we believe” and similar statements reflect our beliefs and opinions on the relevant subject. These statements are based on information available to us as of the date of this Quarterly Report on Form 10-Q. While we believe that such information provides a reasonable basis for these statements, such information may be limited or incomplete. Our statements should not be read to indicate that we have conducted an exhaustive inquiry into, or review of, all relevant information. These statements are inherently uncertain, and investors are cautioned not to unduly rely on them.\n\nYou should not rely upon forward-looking statements as predictions of future events. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee that the future results, levels of activity, performance, or events and circumstances reflected in the forward-looking statements will be achieved or occur. Moreover, neither we nor any other person assumes responsibility for the accuracy and completeness of the forward-looking statements. Such forward-looking statements relate only to events as of the date of this Quarterly Report on Form 10-Q. We undertake no obligation to update publicly any forward-looking statements for any reason after the date of this Quarterly Report on Form 10-Q to conform these statements to actual results or to changes in our expectations, except as required by law.\n\nYou should read this Quarterly Report on Form 10-Q and the documents that we reference and have filed as exhibits with the understanding that our actual future results may be materially different from what we expect. We qualify all of the forward-looking statements in this Quarterly Report on Form 10-Q by these cautionary statements.\n\nPart I - Financial Information"}