Key Points – 1stDibs reported Q1 GMV of $89.7 million (down 5%) and revenue of $22.4 million (down 1%) while delivering positive adjusted EBITDA of about $600,000 (~2.5% margin); average order value rose ~7% but active buyers fell ~10% after deliberate marketing cuts. -…
nagement sharply reduced sales and marketing spend (S&M expense down 31% to $6.3M) and reallocated resources to product and engineering (technology spend up 10%), helping drive operating expenses down 11% and lift gross margin to ~74% as the company reaffirmed its 2026 framework targeting positive adjusted EBITDA and free cash flow. – The 2026 roadmap emphasizes AI-assisted development (over 50% of new code) across discovery, pricing, shipping and service—launching visual and natural-language search, price-parity expansion, shipping upgrades and AI seller/buyer tools—and management expects to return to GMV growth by Q4 irrespective of market recovery. – 3 Hot Tech Stocks Poised For Double-Digit Gains 1stdibs.com (NASDAQ:DIBS) reported first-quarter 2026 results that company executives said aligned with internal expectations, reflecting a deliberate pullback in sales and marketing spending paired with continued investment in product and engineering. Management reiterated its 2026 financial framework, including positive full-year adjusted EBITDA and free cash flow, and said it still expects to return to year-over-year GMV growth by the fourth quarter
Management cites disciplined execution amid soft demand Chief Executive Officer David Rosenblatt said the first quarter delivered on “disciplined execution, durable profitability, and steady roadmap progress,” while acknowledging a challenging demand backdrop. Rosenblatt pointed to the U.S. housing market “hover[ing] near a 30-year low,” which he said has been weighing on consumer appetite for luxury home goods. Despite the soft environment, Rosenblatt emphasized a long-term growth opportunity, noting that there are “approximately 5 million U.S….