ThredUp Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Year	2023	2022	2021	2020	2019	2018
Revenue	322.02	288.38	251.79	186.02	163.81	129.55
Revenue Growth (YoY)	11.67%	14.53%	35.36%	13.55%	26.45%	-
Cost of Revenue	108.22	96.04	73.66	57.87	51.31	51.54
Gross Profit	213.81	192.34	178.13	128.15	112.5	78.01
Selling, General & Admin	128.93	126.18	112.44	73.33	67.23	44.37
Research & Development	156.71	155.64	128.08	101.41	82.08	67.9
Operating Expenses	285.64	281.83	240.52	174.74	149.31	112.27
Operating Income	-71.84	-89.49	-62.39	-46.59	-36.81	-34.26
Interest Expense / Income	2.24	0.81	2.28	1.31	1.43	0.44
Other Expense / Income	-2.85	1.96	-1.57	-0.07	-0.07	-0.55
Pretax Income	-71.23	-92.25	-63.1	-47.82	-38.16	-34.14
Income Tax	0.02	0.04	0.08	0.06	0.04	0.04
Net Income	-71.25	-92.28	-63.18	-47.88	-38.2	-34.18
Shares Outstanding (Basic)	105	100	77	12	10	10
Shares Outstanding (Diluted)	105	100	77	12	10	10
Shares Change	5.07%	29.48%	566.60%	12.66%	2.37%	-
EPS (Basic)	-0.68	-0.92	-0.82	-4.14	-3.72	-3.41
EPS (Diluted)	-0.68	-0.92	-0.82	-4.14	-3.72	-3.41
Free Cash Flow	-38.58	-95.36	-54.85	-38.53	-19.59	-36.42
Free Cash Flow Per Share	-0.37	-0.95	-0.71	-3.33	-1.91	-3.63
Gross Margin	66.39%	66.70%	70.75%	68.89%	68.68%	60.22%
Operating Margin	-22.31%	-31.03%	-24.78%	-25.05%	-22.47%	-26.44%
Profit Margin	-22.13%	-32.00%	-25.09%	-25.74%	-23.32%	-26.38%
Free Cash Flow Margin	-11.98%	-33.07%	-21.78%	-20.71%	-11.96%	-28.11%
EBITDA	-43.9	-70.94	-47.68	-36.9	-32.46	-29.54
EBITDA Margin	-13.63%	-24.60%	-18.94%	-19.84%	-19.81%	-22.80%
Depreciation & Amortization	25.09	20.51	13.14	9.62	4.27	4.17
EBIT	-68.99	-91.44	-60.82	-46.52	-36.73	-33.71
EBIT Margin	-21.42%	-31.71%	-24.16%	-25.01%	-22.42%	-26.02%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).