ThredUp Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	310.81	260.03	258.5	288.38	251.79
Revenue Growth (YoY)	19.53%	0.59%	-10.36%	14.53%	35.36%
Cost of Revenue	64.06	52.91	60.04	96.04	73.66
Gross Profit	246.75	207.13	198.47	192.34	178.13
Selling, General & Admin	115.64	105.53	108.13	126.18	112.44
Other Operating Expenses	152.86	142.21	143.34	155.64	128.08
Total Operating Expenses	268.5	247.74	251.47	281.83	240.52
Operating Income	-21.75	-40.62	-53	-89.49	-62.39
Interest Income	3.51	3.17	2.9	-	-
Interest Expense	-1.92	-2.53	-2.24	-0.81	2.28
Other Non-Operating Income (Expense)	-	-	-	-1.96	-1.57
Total Non-Operating Income (Expense)	1.59	0.65	0.66	-2.76	0.71
Pretax Income	-20.16	-39.97	-52.34	-92.25	-63.1
Provision for Income Taxes	0.06	0.03	0.02	0.04	0.08
Net Income	-20.21	-76.99	-71.25	-92.28	-63.18
Earnings From Discontinued Operations	-	-36.99	-18.89	-	-
Net Income to Common	-20.21	-76.99	-71.25	-92.28	-63.18
Shares Outstanding (Basic)	122	112	105	100	77
Shares Outstanding (Diluted)	122	112	105	100	77
Shares Change (YoY)	8.69%	6.76%	5.07%	29.48%	566.60%
EPS (Basic)	-0.17	-0.69	-0.50	-0.92	-0.82
EPS (Diluted)	-0.17	-0.69	-0.50	-0.92	-0.82
Shares Outstanding	127.03	116.13	108.78	101.53	98.44
Free Cash Flow	0.18	-5.69	-35.7	-95.36	-54.85
Free Cash Flow Per Share	0.00	-0.05	-0.34	-0.96	-0.71
Gross Margin	79.39%	79.65%	76.78%	66.70%	70.75%
Operating Margin	-7.00%	-15.62%	-20.50%	-31.03%	-24.78%
Profit Margin	-6.50%	-15.38%	-20.25%	-32.00%	-25.09%
FCF Margin	0.06%	-2.19%	-13.81%	-33.07%	-21.78%
EBITDA	-8.82	-23.29	-38.77	-75.45	-53.23
EBITDA Margin	-2.84%	-8.96%	-15.00%	-26.16%	-21.14%
EBIT	-21.75	-40.62	-53	-89.49	-62.39
EBIT Margin	-7.00%	-15.62%	-20.50%	-31.03%	-24.78%
Effective Tax Rate	-0.29%	-0.07%	-0.04%	-0.04%	-0.13%

Updated Mar 2, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q