1stdibscom Inc
For the period ended Dec 31, 2024. Filed Mar 3, 2025.
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FY2024 · Filed Mar 3, 2025
DIBS$5.85+1.0%Stored close · as of Nov 10, 2026
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Item 8. Consolidated Statements of Cash Flows
CONSOLIDATED STATEMENTS OF CASH FLOWS
(Amounts in thousands)
| Year Ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Cash flows from operating activities: | |||
| Net loss | $(18,633) | $(22,699) | $(22,538) |
| Adjustments to reconcile net loss to net cash used in operating activities: | |||
| Depreciation and amortization | 1,986 | 2,278 | 2,710 |
| Stock-based compensation expense | 14,776 | 12,363 | 11,214 |
| Provision for transaction losses, returns and refunds | 1,080 | 875 | 781 |
| Amortization of costs to obtain revenue contracts | 311 | 326 | 310 |
| Amortization of operating lease right-of-use assets | 3,423 | 2,596 | 2,541 |
| Gain on sale of Design Manager | — | — | (9,684) |
| Accretion of discounts and amortization of premiums on short-term investments, net | 41 | (3,390) | — |
| Other, net | (137) | (318) | 195 |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | (228) | 59 | (497) |
| Prepaid expenses and other current assets | 44 | (1,469) | 31 |
| Receivables from payment processors | (163) | (194) | (323) |
| Other assets | (679) | (2,136) | (615) |
| Accounts payable and accrued expenses | (1,723) | 578 | (5,206) |
| Payables due to sellers | 2,083 | (662) | (3,041) |
| Operating lease liabilities | (3,259) | (2,790) | (2,735) |
| Other current liabilities and other liabilities | (1,832) | 1,027 | (1,057) |
| Net cash used in operating activities | (2,910) | (13,556) | (27,914) |
| Cash flows from investing activities: | |||
| Maturities of short-term investments | 91,983 | 92,653 | — |
| Sales of short-term investments | 18,296 | — | — |
| Purchases of short-term investments | (86,368) | (191,093) | — |
| Development of internal-use software | (1,304) | (1,706) | (1,871) |
| Purchases of property and equipment | (618) | (88) | (93) |
| Proceeds from sale of Design Manager | — | — | 14,611 |
| Other, net | 302 | 2 | (6) |
| Net cash provided by (used in) investing activities | 22,291 | (100,232) | 12,641 |
| Cash flows from financing activities: | |||
| Proceeds from exercise of stock options | 817 | 353 | 2,035 |
| Payments for repurchase of common stock | (27,743) | (3,374) | — |
| Payments for taxes related to net share settlement of stock-based compensation awards | (3,780) | (608) | — |
| Net cash (used in) provided by financing activities | (30,706) | (3,629) | 2,035 |
| Effect of exchange rate changes on cash, cash equivalents, and restricted cash | (29) | 349 | (278) |
| Net decrease in cash, cash equivalents, and restricted cash | (11,354) | (117,068) | (13,516) |
| Cash, cash equivalents, and restricted cash at beginning of the period | 40,975 | 158,043 | 171,559 |
| Cash, cash equivalents, and restricted cash at end of the period | $29,621 | $40,975 | $158,043 |
| Supplemental disclosure of cash flow information: | |||
| Cash paid for income taxes | $16 | $18 | $26 |
| Cash paid for interest | $— | $— | $10 |
| Supplemental disclosure of non-cash activities: | |||
| Recording of right of use asset | $3,483 | $— | $— |
| Recording of lease liability | $(3,483) | $— | $— |
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