1stdibs Q3 GMV Forecast: $83M-$89M with AI-Driven Enhancements

1stdibs forecasts Q3 GMV of $83M-$89M, showcasing the company's resilience in the market. The CEO attributed the performance to the AI-driven marketplace enhancements. The company's Q2 2025 earnings call highlighted a strong GMV and revenue performance, with adjusted EBITDA exceeding the high end of guidance.

FirstDibs.Com Inc (DIBS) has shown resilience in the luxury home goods market, as indicated by its Q3 gross merchandise value (GMV) forecast of $83 million to $89 million. The company's second-quarter earnings call, held on July 2, 2025, highlighted strong performance metrics, including adjusted EBITDA exceeding the high end of guidance. CEO David Rosenblatt attributed the company's performance to AI-driven marketplace enhancements [2].

FirstDibs.Com reported a flat year-over-year revenue of $22.1 million, with a gross profit of $15.9 million, maintaining an impressive gross profit margin of 72%. The company's earnings per share (EPS) of -$0.12 surpassed the forecasted -$0.15, marking a positive surprise of 20%. However, revenue slightly missed expectations by 0.41%, with actual figures at $22.1 million versus the forecasted $22.19 million [2].

Despite a challenging market environment, the company's operational expenses were reduced by 4% year-over-year. The luxury home goods market remains challenging, affecting revenue, but the jewelry segment showed high single-digit growth. The company continues to navigate a slow U.S. housing market, which has experienced its slowest spring selling season in 13 years [2].

Looking ahead, FirstDibs.Com expects a Q3 GMV of $83 million to $89 million, with net revenue expected to range between $21 million and $22.1 million. The company anticipates an adjusted EBITDA margin loss of 8% to 12% for the third quarter. CEO David Rosenblatt emphasized the company’s disciplined execution and expense management, stating, "Our second quarter results reflect disciplined execution, prudent expense management, and sustained progress against strategic objectives" [2].

The stock price of 1stdibs.Com showed a slight decrease of 1.5% to $2.63 following the earnings announcement, positioning the stock closer to its 52-week low of $2.3. InvestingPro analysis suggests the stock is currently undervalued, trading at a low revenue multiple with potential upside [2].

References:
[1] https://www.indiatoday.in/technology/news/story/elon-musk-says-xai-will-open-source-grok-2-after-openai-launches-open-ai-models-2767181-2025-08-06
[2] https://www.investing.com/news/transcripts/earnings-call-transcript-1stdibscom-q2-2025-sees-slight-revenue-miss-93CH-4173469