1stdibscom Inc

For the period ended Dec 31, 2023. Filed Feb 29, 2024.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Feb 29, 2024

DIBS$5.79-3.8%Stored close · as of Nov 9, 2026

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Contents

Consolidated Statements of Operations

(Amounts in thousands, except share and per share amounts)

	Year Ended December 31,
	2023	2022	2021
Net revenue	$84,684	$96,849	$102,731
Cost of revenue	25,111	29,670	32,167
Gross profit	59,573	67,179	70,564
Operating expenses:
Sales and marketing	36,640	44,776	47,414
Technology development	21,644	24,437	19,110
General and administrative	28,587	27,594	21,293
Provision for transaction losses	3,729	5,933	5,191
Gain on sale of Design Manager	—	(9,684)	—
Total operating expenses	90,600	93,056	93,008
Loss from operations	(31,027)	(25,877)	(22,444)
Other income, net:
Interest income	6,639	1,606	146
Interest expense	—	(11)	(16)
Other, net	1,703	1,781	1,372
Total other income, net	8,342	3,376	1,502
Net loss before income taxes	(22,685)	(22,501)	(20,942)
Provision for income taxes	(14)	(37)	(21)
Net loss	(22,699)	(22,538)	(20,963)
Accretion of redeemable convertible preferred stock to redemption value	—	—	(7,061)
Net loss attributable to common stockholders	$(22,699)	$(22,538)	$(28,024)
Net loss per share attributable to common stockholders—basic and diluted	$(0.57)	$(0.59)	$(1.08)
Weighted average common shares outstanding—basic and diluted	39,724,697	38,479,437	26,059,744

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.