Added to YB: 2025-10-27
Pitch date: 2025-10-26
DIBS [bullish]
1stdibs.Com, Inc.
Author Info
Clark Square Capital is a former equity analyst and now a full-time investor managing their own capital. Sign up for their newsletter
Company Info
1stdibs.Com, Inc. operates an online marketplace for luxury design products worldwide. The company’s marketplace connects customers with sellers and makers of vintage, antique, contemporary furniture, home décor, jewelry, watches, art, and fashion products.
Market Cap
$164.7M
Pitch Price
N/A
Price Target
5.50
Dividend
N/A
EV/EBITDA
-14.38
P/E
-22.75
EV/Sales
1.25
Sector
Broadline Retail
Category
value
A US micro-cap with incredible asymmetry
DIBS: Luxury vintage furniture/art marketplace at $3.27, EV $40M vs $88M sales, $94M net cash ($2.30/shr). Broken IPO (-90% from $20), but revenue troughing as comps ease, web traffic turning up, wealth effect + housing recovery catalysts. Near FCF breakeven, 70%+ gross margin. M&A comps 1.6-3x sales. Base case $5.50 (70% up), upside $9, downside ~30%. CEO owns 12%.
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