1stdibs.com, Q3 2026 Earnings Call Transcript

1stDibs returned to order growth in Q3 2026, with GMV up 4% to $92.6 million despite mid-single-digit declines in high-end furniture spending. Revenue rose 5%, and adjusted EBITDA was positive for a fourth consecutive quarter, with a 4.5% margin. Management attributes improving orders and conversion to product work across discovery, trust, shipping and service, and expects order growth to strengthen again in Q4; it sees GMV growth following over time. Q4 GMV is forecast at $89 million–$95 million, while lower average order value and reduced commissions under the category strategy are expected to weigh on results. The company plans to expand targeted category initiatives cautiously, while maintaining investment in its product roadmap and cost discipline. Bradford Shellhammer will become CEO in January 2027.