ThredUp Inc.
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $310.8M | $260.0M | $258.5M | $288.4M | $251.8M |
| Cost of revenue | $64.1M | $52.9M | $60.0M | $96.0M | $73.7M |
| Gross profit | $246.8M | $207.1M | $198.5M | $192.3M | $178.1M |
| Selling, general & administrative | $56.7M | $56.9M | $56.7M | $61.8M | $48.8M |
| Research and development | $32.1M | $31.3M | $32.6M | $37.6M | $28.7M |
| Operating expenses | $268.5M | $247.7M | $251.5M | $281.8M | $240.5M |
| Operating income | -$21.7M | -$40.6M | -$53.0M | -$89.5M | -$62.4M |
| Interest expense | $1.9M | $2.5M | $2.2M | $805,000 | $2.3M |
| Pretax income | -$20.2M | -$40.0M | -$52.3M | -$92.2M | -$63.1M |
| Income tax expense | $59,000 | $29,000 | $19,000 | $35,000 | $80,000 |
| Net income | -$20.2M | -$77.0M | -$71.2M | -$92.3M | -$63.2M |
| Balance Sheet | |||||
| Cash and equivalents | $38.6M | $31.9M | $54.3M | $38.0M | $84.5M |
| Current assets | $56.7M | $56.9M | $93.9M | $134.2M | $228.4M |
| Total assets | $167.2M | $171.2M | $250.0M | $301.9M | $360.8M |
| Current liabilities | $62.4M | $61.5M | $76.7M | $84.4M | $89.4M |
| Total liabilities | $108.1M | $114.9M | $146.1M | $161.9M | $155.1M |
| Total debt | $18.3M | $22.3M | $26.3M | $30.3M | $36.0M |
| Stockholders' equity | $59.2M | $56.3M | $103.9M | $140.0M | $205.7M |
| Cash Flow Statement | |||||
| Cash from operations | $10.7M | $4.9M | -$22.6M | -$52.1M | -$35.0M |
| Depreciation and amortization | $12.9M | $17.3M | $14.2M | $14.0M | $9.2M |
| Stock-based compensation | $19.0M | $25.8M | $29.7M | $26.8M | $13.0M |
| Capital expenditure | $10.5M | $6.6M | $13.1M | $43.3M | $19.8M |
| Free cash flow | $180,000 | -$1.7M | -$35.7M | -$95.4M | -$54.8M |
| Impairments | $0 | $9.8M | $0 | $0 | $0 |
Shares outstanding 129.0M · Free float 63.6%
Annual filing data through FY ended December 31, 2025; float as of July 13, 2026.