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Side-by-side financial comparison of 1stdibs.com, Inc. (DIBS) and TPG RE Finance Trust, Inc. (TRTX). Click either name above to swap in a different company.

TPG RE Finance Trust, Inc. is the larger business by last-quarter revenue ($35.0M vs $22.4M, roughly 1.6× 1stdibs.com, Inc.). TPG RE Finance Trust, Inc. runs the higher net margin — 15.6% vs -9.7%, a 25.3% gap on every dollar of revenue. On growth, TPG RE Finance Trust, Inc. posted the faster year-over-year revenue change (0.9% vs -0.7%). Over the past eight quarters, 1stdibs.com, Inc.'s revenue compounded faster (0.3% CAGR vs -5.1%).

1stdibs.com, Inc. is an American e-commerce company. It has an online marketplace, which sells luxury items such as high-end furniture for interior design, fine art and jewelry. The company has been recognized for "pushing the antiques business into the 21st century." Originally, founded in Paris, it is headquartered in New York City.

TPG RE Finance Trust, Inc. is a commercial real estate finance firm primarily operating in the United States. It originates, underwrites and manages a portfolio of senior commercial mortgage loans and other real estate-linked debt instruments, serving commercial property owners and investors across multifamily, industrial, office and retail property segments.

DIBS vs TRTX — Head-to-Head

Bigger by revenue
TRTX
TRTX
1.6× larger
TRTX
$35.0M
$22.4M
DIBS
Growing faster (revenue YoY)
TRTX
TRTX
+1.6% gap
TRTX
0.9%
-0.7%
DIBS
Higher net margin
TRTX
TRTX
25.3% more per $
TRTX
15.6%
-9.7%
DIBS
Faster 2-yr revenue CAGR
DIBS
DIBS
Annualised
DIBS
0.3%
-5.1%
TRTX

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
DIBS
DIBS
TRTX
TRTX
Revenue
$22.4M
$35.0M
Net Profit
$-2.2M
$4.0M
Gross Margin
74.4%
Operating Margin
10.7%
11.6%
Net Margin
-9.7%
15.6%
Revenue YoY
-0.7%
0.9%
Net Profit YoY
54.8%
-62.8%
EPS (diluted)
$-0.06
$0.01

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
DIBS
DIBS
TRTX
TRTX
Q1 26
$22.4M
Q4 25
$23.0M
$35.0M
Q3 25
$22.0M
$37.8M
Q2 25
$22.1M
$36.2M
Q1 25
$22.5M
$37.0M
Q4 24
$22.8M
$34.7M
Q3 24
$21.2M
$40.1M
Q2 24
$22.2M
$39.3M
Net Profit
DIBS
DIBS
TRTX
TRTX
Q1 26
$-2.2M
Q4 25
$-1.0M
$4.0M
Q3 25
$-3.5M
$22.0M
Q2 25
$-4.3M
$20.6M
Q1 25
$-4.8M
$13.7M
Q4 24
$-5.2M
$10.7M
Q3 24
$-5.7M
$22.2M
Q2 24
$-4.4M
$24.7M
Gross Margin
DIBS
DIBS
TRTX
TRTX
Q1 26
74.4%
Q4 25
73.5%
Q3 25
74.3%
Q2 25
71.8%
Q1 25
72.4%
Q4 24
72.3%
Q3 24
71.0%
Q2 24
71.7%
Operating Margin
DIBS
DIBS
TRTX
TRTX
Q1 26
10.7%
Q4 25
-10.1%
11.6%
Q3 25
-21.3%
58.4%
Q2 25
-25.8%
57.3%
Q1 25
-27.7%
37.2%
Q4 24
-30.6%
30.3%
Q3 24
-34.9%
55.4%
Q2 24
-29.2%
63.1%
Net Margin
DIBS
DIBS
TRTX
TRTX
Q1 26
-9.7%
Q4 25
-4.5%
15.6%
Q3 25
-16.0%
58.1%
Q2 25
-19.5%
57.0%
Q1 25
-21.3%
37.0%
Q4 24
-22.9%
43.3%
Q3 24
-26.8%
55.3%
Q2 24
-20.0%
62.9%
EPS (diluted)
DIBS
DIBS
TRTX
TRTX
Q1 26
$-0.06
Q4 25
$-0.02
$0.01
Q3 25
$-0.10
$0.23
Q2 25
$-0.12
$0.21
Q1 25
$-0.14
$0.12
Q4 24
$-0.14
$0.09
Q3 24
$-0.15
$0.23
Q2 24
$-0.12
$0.26

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
DIBS
DIBS
TRTX
TRTX
Cash + ST InvestmentsLiquidity on hand
$85.3M
$87.6M
Total DebtLower is stronger
$3.3B
Stockholders' EquityBook value
$84.0M
$1.1B
Total Assets
$121.8M
$4.4B
Debt / EquityLower = less leverage
3.10×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DIBS
DIBS
TRTX
TRTX
Q1 26
$85.3M
Q4 25
$22.9M
$87.6M
Q3 25
$19.9M
$93.6M
Q2 25
$22.4M
$165.8M
Q1 25
$20.3M
$363.0M
Q4 24
$26.0M
$190.2M
Q3 24
$22.0M
$226.3M
Q2 24
$23.8M
$259.2M
Total Debt
DIBS
DIBS
TRTX
TRTX
Q1 26
Q4 25
$3.3B
Q3 25
$2.9B
Q2 25
$3.0B
Q1 25
$2.8B
Q4 24
$2.6B
Q3 24
$2.5B
Q2 24
$2.5B
Stockholders' Equity
DIBS
DIBS
TRTX
TRTX
Q1 26
$84.0M
Q4 25
$93.6M
$1.1B
Q3 25
$94.0M
$1.1B
Q2 25
$94.9M
$1.1B
Q1 25
$96.2M
$1.1B
Q4 24
$99.3M
$1.1B
Q3 24
$107.2M
$1.1B
Q2 24
$110.4M
$1.1B
Total Assets
DIBS
DIBS
TRTX
TRTX
Q1 26
$121.8M
Q4 25
$132.1M
$4.4B
Q3 25
$135.2M
$4.1B
Q2 25
$138.6M
$4.2B
Q1 25
$142.5M
$4.0B
Q4 24
$145.8M
$3.7B
Q3 24
$154.4M
$3.7B
Q2 24
$157.6M
$3.7B
Debt / Equity
DIBS
DIBS
TRTX
TRTX
Q1 26
Q4 25
3.10×
Q3 25
2.72×
Q2 25
2.78×
Q1 25
2.56×
Q4 24
2.31×
Q3 24
2.22×
Q2 24
2.25×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
DIBS
DIBS
TRTX
TRTX
Operating Cash FlowLast quarter
$90.4M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
22.73×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DIBS
DIBS
TRTX
TRTX
Q1 26
Q4 25
$4.3M
$90.4M
Q3 25
$-1.5M
$21.8M
Q2 25
$-5.1M
$24.7M
Q1 25
$-96.0K
$19.1M
Q4 24
$2.8M
$112.1M
Q3 24
$-3.0K
$23.7M
Q2 24
$-2.6M
$25.6M
Free Cash Flow
DIBS
DIBS
TRTX
TRTX
Q1 26
Q4 25
$3.6M
Q3 25
$-1.5M
Q2 25
$-5.2M
Q1 25
$-143.0K
Q4 24
$1.5M
Q3 24
$-44.0K
Q2 24
$-3.0M
FCF Margin
DIBS
DIBS
TRTX
TRTX
Q1 26
Q4 25
15.7%
Q3 25
-6.8%
Q2 25
-23.4%
Q1 25
-0.6%
Q4 24
6.5%
Q3 24
-0.2%
Q2 24
-13.5%
Capex Intensity
DIBS
DIBS
TRTX
TRTX
Q1 26
Q4 25
2.9%
Q3 25
0.1%
Q2 25
0.2%
Q1 25
0.2%
Q4 24
5.8%
Q3 24
0.2%
Q2 24
1.6%
Cash Conversion
DIBS
DIBS
TRTX
TRTX
Q1 26
Q4 25
22.73×
Q3 25
0.99×
Q2 25
1.20×
Q1 25
1.39×
Q4 24
10.50×
Q3 24
1.07×
Q2 24
1.03×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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