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Exhibit 99.1 1stDibs Reports Second Quarter 2021 Financial Results Q2 Gross Merchandise Value Increased 34 % Year - Over - Year to $ 107 million Q2 Net Revenue Increased 29 % Year - Over - Year to $ 24.7 million New York , NY - August 11 , 2021 — 1stdibs.com , Inc. ( NASDAQ : DIBS ) , a leading online marketplace for luxury design products , today reported financial results for its second quarter ended June 30 , 2021 . Second Quarter 2021 Financial Highlights • Net revenue was $ 24.7 million , an increase of 29 % year - over - year . • Seller marketplace services revenue was $ 23.8 million , an increase of 29 % year - over - year . • Gross profit was $ 17.4 million , an increase of 33 % year - over - year . • Gross margin was 70.4 % , compared to 68.2 % in the second quarter 2020 . • • • GAAP net loss was $ 4.1 million , compared to $ 3.3 million in the second quarter 2020 . Non - GAAP Adjusted EBITDA and Adjusted EBITDA Margin was $ ( 3.0 ) million and ( 12.3 ) % , respectively , compared to $ ( 2.0 ) million and ( 10.7 ) % , respectively , in the second quarter 2020 . Cash and cash equivalents totaled $ 176.1 million as of June 30 , 2021 . " We are excited about the opportunity ahead of us , as luxury design continues to move online , " said David Rosenblatt , 1stDibs Chief Executive Officer . " In addition to the secular shift to digital , we have an ambitious roadmap and are investing in multiple growth opportunities like new buyer activation and international expansion . In the second quarter , our first as a public company , we generated GMV growth of 34 % year- over - year and made progress on our strategic growth initiatives . " Tu Nguyen , Chief Financial Officer of 1stDibs said , " We had strong GMV and net revenue growth in the second quarter of 2021. As we continue to comp strong quarters in 2020 , our two - year stacked growth rates are healthy and our fundamentals are strong . We see a long runway ahead and will continue to invest for sustainable GMV growth in a disciplined and thoughtful manner . " Other Recent Business Highlights and Key Operating Metrics • • Completed our initial public offering of 6,612,500 shares of common stock and received net proceeds of $ 123.0 million after deducting underwriters ' discounts and commissions . Gross Merchandise Value ( " GMV " ) was $ 107 million , an increase of 34 % year - over - year . • Number of Orders was approximately 38K , an increase of 28 % year - over - year . • Active Buyers was approximately 69K , an increase of 39 % year - over - year . • Announced the launch of our NFT platform . Initially , the platform will feature bi - weekly auctions , starting today . The debut collection , titled " Portals , " is curated by the notable artist Metageist . 1