1stdibs (DIBS) Q1 2026 Earnings Transcript

Motley Fool Transcribing, The Motley Fool

Mon, June 1, 2026 astatine 12:21 PM CDT 26 min read

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DATE

Friday, May 8, 2026 astatine 8 a.m. ET

CALL PARTICIPANTS

• Chief Executive Officer — David Rosenblatt

• Chief Financial Officer — Thomas Etergino

• Head of Investor Relations and Corporate Development — Kevin LaBuz

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Full Conference Call Transcript

Operator: Good morning, everyone. Thank you for joining us, and invited to the 1stdibs' Q1 2026 Earnings Conference Call. [Operator Instructions] I would present similar to manus the telephone implicit to Kevin LaBuz, Head of Investor Relations and Corporate Development. Kevin, delight spell ahead.

Kevin LaBuz: Good greeting and invited to the 1stDibs net telephone for the 4th ended March 31, 2026. I'm Kevin LaBuz, Head of Investor Relations and Corporate Development. Joining maine contiguous are Chief Executive Officer, David Rosenblatt; and Chief Financial Officer, Tom Etergino. David volition supply an update connected our business, including our strategy and maturation opportunities, and Tom volition reappraisal our archetypal 4th fiscal results and 2nd 4th outlook. This telephone volition beryllium disposable via webcast connected our Investor Relations website astatine investors.1stDibs.com.

Before we begin, delight support successful caput that our remarks see forward-looking statements, including, but not constricted to, statements regarding guidance and aboriginal fiscal performance, marketplace demand, maturation prospects, concern plans, strategical initiatives, concern and economical trends and competitory position. Our existent results whitethorn disagree materially from those expressed oregon implied successful these forward-looking statements arsenic a effect of risks and uncertainties, including those described successful our SEC filings. Any forward-looking statements that we marque connected this telephone are based connected our beliefs and assumptions arsenic of today, and we disclaim immoderate work to update them, but to the grade required by law. Additionally, during the call, we volition contiguous GAAP and non-GAAP fiscal measures.

A reconciliation of GAAP to non-GAAP measures is included successful today's net property release, which you tin find connected our Investor Relations website, on with the replay of this call. Lastly, delight enactment that each maturation comparisons are made connected a year-over-year basis, unless different noted. I volition present crook the telephone implicit to our CEO, David Rosenblatt. David?

David Rosenblatt: Thanks, Kevin. Good morning, everyone. A 4th ago, we shared our expectations for our show successful 2026, disciplined execution, durable profitability and dependable roadworthy representation progress. The archetypal 4th delivered connected each 3. Our apical enactment results bespeak the deliberate income and selling reductions we enacted precocious past year, and our bottommost enactment results bespeak the structural outgo enactment we person been executing since 2022. We are connected way crossed revenue, outgo and merchandise development, and our 2026 fiscal model remains unchanged. The request situation remains challenging. The U.S. lodging marketplace continues to hover adjacent a 30-year low, weighing connected user appetite for luxury location goods. While the near-term backdrop is soft, the semipermanent accidental is significant.