1stdibs.Com Inc

The company maintains a conservative capital structure with zero debt, resulting in a debt-to-equity ratio of 0.0. Total assets stand at $132.1 million, funded primarily by $93.6 million in total equity and $38.5 million in liabilities. Liquidity is supported by $22.9 million in cash and equivalents, which exceeds the $763,000 in capital expenditures for the period. However, operating cash flow is negative at -$2.4 million, indicating that core operations are currently consuming cash rather than generating it. The risk assessment flags liquidity as low, likely due to the negative operating cash flow despite the cash balance.

Profitability metrics are negative across the board, reflecting a pre-profitability or turnaround phase. The company reports a net loss of $13.7 million on revenue of $89.6 million, resulting in a net margin of approximately -15.2%. Return on equity is -14.6% and return on assets is -10.3%, indicating that the company is not yet generating positive returns on its invested capital. The gross profit of $65.4 million suggests a gross margin of roughly 73%, which is typical for marketplace models, but operating expenses exceed gross profit, leading to an operating loss of $19.0 million.

Analysts project 67.5% upside to a $7.00 target price, reflecting strong buy consensus from two analysts.

The company maintains zero long-term debt, providing a debt-to-equity ratio of 0.0 and eliminating interest coverage risks.

Free cash flow improved by 31.2% year-over-year to -$12.8 million, indicating a significant reduction in cash burn.

Operating income improved by 27.7% year-over-year to -$19.0 million, suggesting a meaningful trend toward operational breakeven.

Liquidity risk is assessed as low, supported by a robust current ratio of 4.20 as of late 2025.

The company generated negative free cash flow of -$12.8 million in the latest fiscal year, requiring external funding.

Cash conversion of 0.18 is in the bottom quartile, highlighting significant inefficiencies in turning sales into cash.

Revenue $22.4M, −0,7% YoY; Operating income +46,9% YoY.

• ▍Revenue $22.4M, −0,7% YoY
• ▍Operating income +46,9% YoY
• ▍Net income +54,8% YoY
• ▍Free cash flow +56,8% YoY
• ▍Net margin -9.7%

Revenue $23.0M, +0,9% YoY; Operating income +66,9% YoY.

• ▍Revenue $23.0M, +0,9% YoY
• ▍Operating income +66,9% YoY
• ▍Net income +80,0% YoY
• ▍Free cash flow +85,0% YoY
• ▍Net margin -4.5%

Revenue $22.0M, +3,7% YoY; Operating income +36,6% YoY.

• ▍Revenue $22.0M, +3,7% YoY
• ▍Operating income +36,6% YoY
• ▍Net income +38,3% YoY
• ▍Free cash flow +39,2% YoY
• ▍Net margin -16.0%

Revenue $22.1M, −0,5% YoY; Operating income +12,0% YoY.

• ▍Revenue $22.1M, −0,5% YoY
• ▍Operating income +12,0% YoY
• ▍Net income +2,8% YoY
• ▍Free cash flow +13,9% YoY
• ▍Net margin -19.5%

Revenue $22.5M; Operating income -$6.3M.

• ▍Revenue $22.5M
• ▍Operating income -$6.3M
• ▍Net margin -21.3%

Revenue $22.8M; Operating income -$7.0M.

• ▍Revenue $22.8M
• ▍Operating income -$7.0M
• ▍Net margin -22.9%

Revenue $21.2M; Operating income -$7.4M.

• ▍Revenue $21.2M
• ▍Operating income -$7.4M
• ▍Net margin -26.8%

Revenue $22.2M; Operating income -$6.5M.

• ▍Revenue $22.2M
• ▍Operating income -$6.5M
• ▍Net margin -20.0%

Revenue $89.6M, +1,5% YoY; Operating income +27,6% YoY.

• ▍Revenue $89.6M, +1,5% YoY
• ▍Operating income +27,6% YoY
• ▍Net income +26,7% YoY
• ▍Free cash flow +31,2% YoY
• ▍Net margin -15.2%

Revenue $88.3M, +4,2% YoY; Operating income +15,5% YoY.

• ▍Revenue $88.3M, +4,2% YoY
• ▍Operating income +15,5% YoY
• ▍Net income +17,9% YoY
• ▍Free cash flow +16,3% YoY
• ▍Net margin -21.1%

Revenue $84.7M, −12,6% YoY; Operating income −19,9% YoY.

• ▍Revenue $84.7M, −12,6% YoY
• ▍Operating income −19,9% YoY
• ▍Net income −0,7% YoY
• ▍Free cash flow −1,8% YoY
• ▍Net margin -26.8%

Revenue $96.8M, −5,7% YoY; Operating income −15,3% YoY.

• ▍Revenue $96.8M, −5,7% YoY
• ▍Operating income −15,3% YoY
• ▍Net income −7,5% YoY
• ▍Free cash flow −8,5% YoY
• ▍Net margin -23.3%