1stdibs (DIBS) Q2 2026 Earnings Call Transcript

Motley Fool Transcribing, The Motley Fool

Wed, August 12, 2026 astatine 10:26 AM CDT 30 min read

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DATE

Wednesday, Aug. 5, 2026 astatine 8 a.m. ET

CALL PARTICIPANTS

• Head of Investor Relations and Corporate Development - Kevin LaBuz

• Chief Executive Officer - David Rosenblatt

• Chief Financial Officer - Thomas Etergino

Full Conference Call Transcript

Operator: Hello, everyone. Thank you for joining us, and invited to the 1stDibs Quarter 2 Earnings Call 2026. [Operator Instructions] I volition present manus the league implicit to Kevin LaBuz, Head of Investor Relations and Corporate Development. Please spell ahead.

Kevin LaBuz: Good morning, and invited to the 1stDibs net telephone for the 4th ended June 30, 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 2nd 4th fiscal results and 3rd 4th outlook. This telephone volition beryllium disposable via webcast connected our capitalist 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 capitalist 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. Our 2nd 4th results corroborate that we are connected way to sustainable apical enactment maturation and affirmative adjusted EBITDA. GMV of $96 million, up 7%, came successful supra the precocious extremity of our guidance scope and was our strongest maturation since the 4th fourth of 2024. Despite ongoing headwinds from our income and selling reductions, we judge that we gained marketplace stock successful the 2nd 4th based connected recognition paper sheet information we track. Driving that effect is simply a merchandise that is measurably amended than it was a twelvemonth ago. Conversion grew for the 11th consecutive quarter, mean bid values expanded and the fig of sessions stabilized sequentially.