Answer
The press release you quoted provides only a few key operating metrics for 1stDibs (NASDAQ: DIBS) for the quarter ended June 30 2025:
| Metric (Q2 2025) | Value |
|---|---|
| Net revenue | $22.1 million (flat YoY) |
| Gross profit | $15.9 million (flat YoY) |
| Gross margin | 71.8 % (vs. 71.7 % in Q2 2024) |
| GAAP net loss | $4.3 million |
These figures tell us that the company generated a GAAP net loss of $4.3 million in the quarter. However, the release does not disclose:
- The cash balance (or cash‑and‑equivalents) at the beginning or end of the quarter.
- The amount of cash generated or used by operating, investing, or financing activities (i.e., the cash‑flow statement).
- Any debt facilities, credit lines, or other sources of liquidity.
- The company’s cash‑burn rate (cash used per month or per quarter) or the projected “runway” (how many months of cash the company can sustain its current spending).
Because cash burn and runway are calculated from cash‑flow and cash‑position data—not from net loss alone—the information provided in the news release is insufficient to determine either metric with any degree of confidence.
How cash‑burn rate and runway are normally derived
| Concept | Typical data needed | How it’s calculated |
|---|---|---|
| Cash‑burn rate | • Total cash used in a period (usually from the cash‑flow statement) • Adjustments for non‑cash items (e.g., depreciation, stock‑based compensation) |
(\text{Cash‑burn per month} = \frac{\text{(Cash outflows – cash inflows) for the period}}{\text{Number of months in the period}}) |
| Runway | • Current cash balance (or cash‑and‑equivalents) • Expected monthly cash‑burn rate |
(\text{Runway (months)} = \frac{\text{Current cash balance}}{\text{Average monthly cash‑burn}}) |
If a company only reports a GAAP net loss, that loss does not equal cash burn because:
- Non‑cash expenses (e.g., depreciation, amortization, stock‑based compensation) reduce net loss but do not consume cash.
- Working‑capital changes (e.g., inventory, receivables, payables) can cause cash to move in ways that differ from the income‑statement loss.
- Financing activities (e.g., debt repayments, equity issuances) affect cash but are not reflected in net loss.
Thus, without the cash‑flow statement or a balance‑sheet snapshot, any attempt to quote a cash‑burn rate or runway would be speculative.
What you can do next
Locate the full SEC filing (Form 10‑Q for Q2 2025).
The quarterly report will contain:- The statement of cash flows (showing cash used in operating, investing, and financing activities).
- The balance sheet (showing cash‑and‑equivalents at period end).
- The statement of cash flows (showing cash used in operating, investing, and financing activities).
Calculate cash‑burn rate using the cash‑flow data:
- Example: If operating cash outflow for the quarter was $12 million, the monthly burn would be ≈ $4 million.
- Example: If operating cash outflow for the quarter was $12 million, the monthly burn would be ≈ $4 million.
Estimate runway by dividing the ending cash balance by the average monthly burn.
- Example: If cash on hand at June 30 2025 was $30 million and the monthly burn is $4 million, runway ≈ 7.5 months.
- Example: If cash on hand at June 30 2025 was $30 million and the monthly burn is $4 million, runway ≈ 7.5 months.
Check for disclosed credit facilities (e.g., revolving lines of credit) that can extend runway beyond the cash on hand.
Bottom line
Based solely on the information in the news release, we cannot provide the company’s cash‑burn rate or current runway. Those metrics require additional data—primarily the cash‑flow statement and cash‑balance figures—that are not included in the excerpt you shared. To answer the question accurately, you’ll need to review 1stDibs’ complete quarterly filing (Form 10‑Q) or any other investor‑presentation that discloses cash‑position and cash‑flow details.