ThredUp Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	298.38	260.03	258.5	288.38	251.79	186.02
Revenue Growth (YoY)	41.65%	0.59%	-10.36%	14.53%	35.36%	13.55%
Cost of Revenue	60.96	52.91	60.04	96.04	73.66	57.87
Gross Profit	237.42	207.13	198.47	192.34	178.13	128.15
Selling, General & Admin	260.64	247.74	251.47	281.83	240.52	174.74
Operating Expenses	260.64	247.74	251.47	281.83	240.52	174.74
Operating Income	-23.22	-40.62	-53	-89.49	-62.39	-46.59
Interest Expense	-2.05	-2.53	-2.24	-0.81	-2.28	-1.31
Other Non Operating Income (Expenses)	2.64	3.17	2.9	1.79	1.57	0.07
EBT Excluding Unusual Items	-22.64	-39.97	-52.34	-88.5	-63.1	-47.82
Gain (Loss) on Sale of Investments	-	-	-	-3.75	-	-
Pretax Income	-22.64	-39.97	-52.34	-92.25	-63.1	-47.82
Income Tax Expense	0.06	0.03	0.02	0.04	0.08	0.06
Earnings From Continuing Operations	-22.7	-40	-52.36	-92.28	-63.18	-47.88
Earnings From Discontinued Operations	-13.65	-36.99	-18.89	-	-	-
Net Income	-36.35	-76.99	-71.25	-92.28	-63.18	-47.88
Net Income to Common	-36.35	-76.99	-71.25	-92.28	-63.18	-47.88
Shares Outstanding (Basic)	119	112	105	100	77	12
Shares Outstanding (Diluted)	119	112	105	100	77	12
Shares Change (YoY)	7.88%	6.76%	5.07%	29.48%	566.60%	12.66%
EPS (Basic)	-0.31	-0.69	-0.68	-0.92	-0.82	-4.14
EPS (Diluted)	-0.31	-0.69	-0.68	-0.92	-0.82	-4.14
Free Cash Flow	2.04	-5.69	-35.7	-95.36	-54.85	-38.53
Free Cash Flow Per Share	0.02	-0.05	-0.34	-0.95	-0.71	-3.33
Gross Margin	79.57%	79.65%	76.78%	66.70%	70.75%	68.89%
Operating Margin	-7.78%	-15.62%	-20.50%	-31.03%	-24.78%	-25.05%
Profit Margin	-12.18%	-29.61%	-27.56%	-32.00%	-25.09%	-25.74%
Free Cash Flow Margin	0.68%	-2.19%	-13.81%	-33.07%	-21.78%	-20.71%
EBITDA	-7.32	-23.29	-38.77	-75.45	-53.23	-41.01
EBITDA Margin	-2.45%	-8.96%	-15.00%	-26.16%	-21.14%	-22.05%
D&A For EBITDA	15.91	17.33	14.23	14.03	9.16	5.58
EBIT	-23.22	-40.62	-53	-89.49	-62.39	-46.59
EBIT Margin	-7.78%	-15.62%	-20.50%	-31.03%	-24.78%	-25.05%
Revenue as Reported	260.03	260.03	258.5	288.38	251.79	186.02
Advertising Expenses	-	41.5	38.8	-	-	-

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q