ThredUp Balance Sheet

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
Cash & Equivalents	46.22	31.85	54.34	38.03	84.55	64.49
Short-Term Investments	4.89	12.33	8.1	66.9	121.28	-
Cash & Short-Term Investments	51.11	44.18	62.44	104.93	205.83	64.49
Cash Growth	-7.57%	-29.25%	-40.50%	-49.02%	219.19%	-24.70%
Accounts Receivable	3.73	3.57	5	4.67	4.14	1.82
Receivables	3.73	3.57	5	4.67	4.14	1.82
Inventory	-	0.69	2.82	17.52	9.83	3.52
Restricted Cash	0.31	3.69	0.46	0.38	0.56	0.36
Other Current Assets	5.35	4.8	23.17	6.69	8.07	4.97
Total Current Assets	60.5	56.92	93.89	134.2	228.41	75.16
Property, Plant & Equipment	95.24	97.33	105.92	138.64	94.81	64.79
Goodwill	10.75	10.75	11.22	11.59	12.24	-
Other Intangible Assets	-	-	-	10.5	13.85	-
Other Long-Term Assets	5.98	6.22	38.95	7.03	11.52	2.97
Total Assets	172.47	171.23	249.97	301.95	360.83	142.91
Accounts Payable	12.33	8.33	3.83	7.8	13.34	9.39
Accrued Expenses	8.85	8.63	7.46	15.24	14.22	10.1
Current Portion of Long-Term Debt	3.87	3.86	3.84	3.88	7.77	3.27
Current Portion of Leases	5.12	4.35	4.61	6.41	3.93	3.64
Current Income Taxes Payable	3.19	2.61	2.57	4.33	5.73	4.59
Current Unearned Revenue	10.78	15.56	16.34	25.68	19.1	14.46
Other Current Liabilities	21.4	18.19	38.03	21.07	25.33	17.11
Total Current Liabilities	65.53	61.52	76.67	84.41	89.41	62.56
Long-Term Debt	15.25	18.15	22.01	25.79	27.56	31.19
Long-Term Leases	30.06	32.49	31.82	48.73	37	21.57
Other Long-Term Liabilities	2.56	2.76	15.55	3.02	1.12	1.92
Total Liabilities	113.4	114.92	146.05	161.95	155.09	117.25
Common Stock	0.01	0.01	0.01	0.01	0.01	0
Additional Paid-In Capital	629.56	612.15	585.16	551.85	522.16	29.99
Retained Earnings	-570.5	-555.86	-478.88	-407.63	-315.34	-252.17
Comprehensive Income & Other	-	0	-2.38	-4.23	-1.09	-
Total Common Equity	59.07	56.3	103.92	140	205.73	-222.18
Shareholders' Equity	59.07	56.3	103.92	140	205.73	25.66
Total Liabilities & Equity	172.47	171.23	249.97	301.95	360.83	142.91
Total Debt	54.3	58.84	62.28	84.81	76.26	59.68
Net Cash (Debt)	-3.19	-14.66	0.16	20.12	129.57	4.81
Net Cash Growth	-	-	-99.19%	-84.47%	2594.92%	-92.97%
Net Cash Per Share	-0.03	-0.13	0.00	0.20	1.68	0.42
Filing Date Shares Outstanding	125.14	116.19	108.83	101.61	98.78	12.89
Total Common Shares Outstanding	125.09	116.13	108.78	101.53	98.44	12.89
Working Capital	-5.03	-4.6	17.22	49.78	139	12.6
Book Value Per Share	0.47	0.48	0.96	1.38	2.09	-17.24
Tangible Book Value	48.33	45.56	92.7	117.91	179.64	-222.18
Tangible Book Value Per Share	0.39	0.39	0.85	1.16	1.82	-17.24
Machinery	92.75	88.43	84.15	65.29	55.07	39.45
Construction In Progress	6.89	5.58	4.79	36.48	10.74	6.55
Leasehold Improvements	24.56	23.9	24.11	15.72	4.71	4.46

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

SEC Filings: 10-K · 10-Q