# ThredUp Inc.: financial statements, quarterly

TDUP · Nasdaq · CIK 1484778 · [Consumer discretionary](/sectors/consumer-discretionary.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/tdup.md) · [Financials](/companies/tdup/financials.md) · [Filings](/companies/tdup/filings.md) · [Insiders](/companies/tdup/insiders.md)

Standardized line items from XBRL company facts. Each value links to its filing; d marks a value derived from year-to-date figures. Other view: [annual](/companies/tdup/financials.md?period=annual).

## Income statement

| Line item | Unit | Q3 FY2023 (2023-09-30) | Q4 FY2023 (2023-12-31) | Q1 FY2024 (2024-03-31) | Q2 FY2024 (2024-06-30) | Q3 FY2024 (2024-09-30) | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [82.0](/filings/0001484778-24-000149.md) | [17.9 d](/filings/0001484778-25-000023.md) | [64.5](/filings/0001484778-25-000051.md) | [66.7](/filings/0001484778-25-000081.md) | [61.5](/filings/0001484778-25-000116.md) | [67.3 d](/filings/0001484778-26-000007.md) | [71.3](/filings/0001484778-26-000016.md) | [77.7](/filings/0001484778-26-000025.md) | [82.2](/filings/0001484778-25-000116.md) | [79.7 d](/filings/0001484778-26-000007.md) | [81.7](/filings/0001484778-26-000016.md) | [90.8](/filings/0001484778-26-000025.md) |
| Cost of revenue | $m | [25.4](/filings/0001484778-24-000149.md) | [(17.1) d](/filings/0001484778-25-000023.md) | [12.8](/filings/0001484778-25-000051.md) | [14.2](/filings/0001484778-25-000081.md) | [12.8](/filings/0001484778-25-000116.md) | [13.2 d](/filings/0001484778-26-000007.md) | [14.9](/filings/0001484778-26-000016.md) | [15.9](/filings/0001484778-26-000025.md) | [16.9](/filings/0001484778-25-000116.md) | [16.3 d](/filings/0001484778-26-000007.md) | [17.0](/filings/0001484778-26-000016.md) | [18.2](/filings/0001484778-26-000025.md) |
| Gross profit | $m | [56.6](/filings/0001484778-24-000149.md) | [35.0 d](/filings/0001484778-25-000023.md) | [51.7](/filings/0001484778-25-000051.md) | [52.6](/filings/0001484778-25-000081.md) | [48.8](/filings/0001484778-25-000116.md) | [54.1 d](/filings/0001484778-26-000007.md) | [56.4](/filings/0001484778-26-000016.md) | [61.7](/filings/0001484778-26-000025.md) | [65.2](/filings/0001484778-25-000116.md) | [63.4 d](/filings/0001484778-26-000007.md) | [64.7](/filings/0001484778-26-000016.md) | [72.5](/filings/0001484778-26-000025.md) |
| Selling, general and administrative | $m | [15.1](/filings/0001484778-24-000149.md) | [9.6 d](/filings/0001484778-25-000023.md) | [16.1](/filings/0001484778-25-000051.md) | [13.9](/filings/0001484778-25-000081.md) | [13.0](/filings/0001484778-25-000116.md) | [13.8 d](/filings/0001484778-26-000007.md) | [13.5](/filings/0001484778-26-000016.md) | [13.3](/filings/0001484778-26-000025.md) | [14.9](/filings/0001484778-25-000116.md) | [15.0 d](/filings/0001484778-26-000007.md) | [15.2](/filings/0001484778-26-000016.md) | [15.8](/filings/0001484778-26-000025.md) |
| Operating income | $m | [(18.2)](/filings/0001484778-24-000149.md) | [4.1 d](/filings/0001484778-25-000023.md) | [(12.4)](/filings/0001484778-25-000051.md) | [(9.6)](/filings/0001484778-25-000081.md) | [(10.5)](/filings/0001484778-25-000116.md) | [(8.2) d](/filings/0001484778-26-000007.md) | [(5.4)](/filings/0001484778-26-000016.md) | [(5.2)](/filings/0001484778-26-000025.md) | [(4.4)](/filings/0001484778-25-000116.md) | [(6.7) d](/filings/0001484778-26-000007.md) | [(6.6)](/filings/0001484778-26-000016.md) | [(6.1)](/filings/0001484778-26-000025.md) |
| Interest expense | $m | [0.7](/filings/0001484778-23-000218.md) | [0.7 d](/filings/0001484778-24-000035.md) | [0.7](/filings/0001484778-24-000073.md) | [0.7](/filings/0001484778-25-000081.md) | [0.6](/filings/0001484778-25-000116.md) | [0.6 d](/filings/0001484778-26-000007.md) | [0.5](/filings/0001484778-26-000016.md) | [0.5](/filings/0001484778-26-000025.md) | [0.5](/filings/0001484778-25-000116.md) | [0.4 d](/filings/0001484778-26-000007.md) | [0.4](/filings/0001484778-26-000016.md) | [0.3](/filings/0001484778-26-000025.md) |
| Income tax | $m | [0.0](/filings/0001484778-24-000149.md) | [(0.0) d](/filings/0001484778-25-000023.md) | [0.0](/filings/0001484778-25-000051.md) | [0.0](/filings/0001484778-25-000081.md) | [0.0](/filings/0001484778-25-000116.md) | [0.0 d](/filings/0001484778-26-000007.md) | [0.1](/filings/0001484778-26-000016.md) | [0.0](/filings/0001484778-26-000025.md) | [(0.0)](/filings/0001484778-25-000116.md) | [0.0 d](/filings/0001484778-26-000007.md) | [0.0](/filings/0001484778-26-000016.md) | [0.0](/filings/0001484778-26-000025.md) |
| Net income | $m | [(18.1)](/filings/0001484778-24-000149.md) | [(14.6) d](/filings/0001484778-25-000023.md) | [(16.6)](/filings/0001484778-25-000116.md) | [(14.0)](/filings/0001484778-25-000116.md) | [(24.8)](/filings/0001484778-25-000116.md) | [(21.7) d](/filings/0001484778-26-000007.md) | [(5.2)](/filings/0001484778-26-000025.md) | [(5.2)](/filings/0001484778-26-000025.md) | [(4.2)](/filings/0001484778-25-000116.md) | [(5.6) d](/filings/0001484778-26-000007.md) | [(6.5)](/filings/0001484778-26-000025.md) | [(5.9)](/filings/0001484778-26-000025.md) |
| Diluted EPS | $ per share | [(0.17)](/filings/0001484778-24-000149.md) | not reported | [(0.15)](/filings/0001484778-25-000051.md) | [(0.13)](/filings/0001484778-25-000081.md) | [(0.22)](/filings/0001484778-25-000116.md) | not reported | [(0.04)](/filings/0001484778-26-000016.md) | [(0.04)](/filings/0001484778-26-000025.md) | [(0.03)](/filings/0001484778-25-000116.md) | not reported | [(0.05)](/filings/0001484778-26-000016.md) | [(0.05)](/filings/0001484778-26-000025.md) |
| Basic EPS | $ per share | [(0.17)](/filings/0001484778-24-000149.md) | not reported | [(0.15)](/filings/0001484778-25-000051.md) | [(0.13)](/filings/0001484778-25-000081.md) | [(0.22)](/filings/0001484778-25-000116.md) | not reported | [(0.04)](/filings/0001484778-26-000016.md) | [(0.04)](/filings/0001484778-26-000025.md) | [(0.03)](/filings/0001484778-25-000116.md) | not reported | [(0.05)](/filings/0001484778-26-000016.md) | [(0.05)](/filings/0001484778-26-000025.md) |

- Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax
- Cost of revenue: us-gaap:CostOfRevenue
- Gross profit: us-gaap:GrossProfit
- Selling, general and administrative: us-gaap:SellingGeneralAndAdministrativeExpense
- Operating income: us-gaap:OperatingIncomeLoss
- Interest expense: us-gaap:InterestExpense, us-gaap:InterestExpenseNonoperating
- Income tax: us-gaap:IncomeTaxExpenseBenefit
- Net income: us-gaap:NetIncomeLoss
- Diluted EPS: us-gaap:EarningsPerShareDiluted
- Basic EPS: us-gaap:EarningsPerShareBasic

## Balance sheet

| Line item | Unit | Q3 FY2023 (2023-09-30) | FY2023 (2023-12-31) | Q1 FY2024 (2024-03-31) | Q2 FY2024 (2024-06-30) | Q3 FY2024 (2024-09-30) | FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Cash and equivalents | $m | [68.6](/filings/0001484778-23-000218.md) | [54.3](/filings/0001484778-25-000023.md) | [50.1](/filings/0001484778-24-000073.md) | [44.8](/filings/0001484778-24-000117.md) | [43.7](/filings/0001484778-24-000149.md) | [31.9](/filings/0001484778-26-000007.md) | [41.1](/filings/0001484778-25-000051.md) | [41.0](/filings/0001484778-25-000081.md) | [46.2](/filings/0001484778-25-000116.md) | [38.6](/filings/0001484778-26-000025.md) | [39.0](/filings/0001484778-26-000016.md) | [42.2](/filings/0001484778-26-000025.md) |
| Current assets | $m | [105](/filings/0001484778-23-000218.md) | [93.9](/filings/0001484778-25-000023.md) | [86.9](/filings/0001484778-24-000073.md) | [78.2](/filings/0001484778-24-000117.md) | [73.4](/filings/0001484778-24-000149.md) | [56.9](/filings/0001484778-26-000007.md) | [60.5](/filings/0001484778-25-000051.md) | [60.7](/filings/0001484778-25-000081.md) | [60.5](/filings/0001484778-25-000116.md) | [56.7](/filings/0001484778-26-000025.md) | [60.4](/filings/0001484778-26-000016.md) | [61.2](/filings/0001484778-26-000025.md) |
| Total assets | $m | [265](/filings/0001484778-23-000218.md) | [250](/filings/0001484778-25-000023.md) | [244](/filings/0001484778-24-000073.md) | [231](/filings/0001484778-24-000117.md) | [215](/filings/0001484778-24-000149.md) | [171](/filings/0001484778-26-000007.md) | [173](/filings/0001484778-25-000051.md) | [174](/filings/0001484778-25-000081.md) | [172](/filings/0001484778-25-000116.md) | [167](/filings/0001484778-26-000025.md) | [172](/filings/0001484778-26-000016.md) | [170](/filings/0001484778-26-000025.md) |
| Current liabilities | $m | [84.4](/filings/0001484778-23-000218.md) | [76.7](/filings/0001484778-25-000023.md) | [77.1](/filings/0001484778-24-000073.md) | [73.6](/filings/0001484778-24-000117.md) | [76.4](/filings/0001484778-24-000149.md) | [61.5](/filings/0001484778-26-000007.md) | [65.6](/filings/0001484778-25-000051.md) | [63.2](/filings/0001484778-25-000081.md) | [65.5](/filings/0001484778-25-000116.md) | [62.4](/filings/0001484778-26-000025.md) | [63.7](/filings/0001484778-26-000016.md) | [61.6](/filings/0001484778-26-000025.md) |
| Total liabilities | $m | [156](/filings/0001484778-23-000218.md) | [146](/filings/0001484778-25-000023.md) | [151](/filings/0001484778-24-000073.md) | [145](/filings/0001484778-24-000117.md) | [146](/filings/0001484778-24-000149.md) | [115](/filings/0001484778-26-000007.md) | [116](/filings/0001484778-25-000051.md) | [113](/filings/0001484778-25-000081.md) | [113](/filings/0001484778-25-000116.md) | [108](/filings/0001484778-26-000025.md) | [113](/filings/0001484778-26-000016.md) | [109](/filings/0001484778-26-000025.md) |
| Long-term debt | $m | [23.0](/filings/0001484778-23-000218.md) | [22.0](/filings/0001484778-25-000023.md) | [21.0](/filings/0001484778-24-000073.md) | [20.1](/filings/0001484778-24-000117.md) | [19.1](/filings/0001484778-24-000149.md) | [18.2](/filings/0001484778-26-000007.md) | [17.2](/filings/0001484778-25-000051.md) | [16.2](/filings/0001484778-25-000081.md) | [15.2](/filings/0001484778-25-000116.md) | [14.3](/filings/0001484778-26-000025.md) | [17.7](/filings/0001484778-26-000016.md) | [17.7](/filings/0001484778-26-000025.md) |
| Current portion of debt | $m | [3.8](/filings/0001484778-23-000218.md) | [3.8](/filings/0001484778-25-000023.md) | [3.8](/filings/0001484778-24-000073.md) | [3.8](/filings/0001484778-24-000117.md) | [3.9](/filings/0001484778-24-000149.md) | [3.9](/filings/0001484778-26-000007.md) | [3.9](/filings/0001484778-25-000051.md) | [3.9](/filings/0001484778-25-000081.md) | [3.9](/filings/0001484778-25-000116.md) | [3.9](/filings/0001484778-26-000025.md) | [0.0](/filings/0001484778-26-000016.md) | [0.0](/filings/0001484778-26-000025.md) |
| Shareholders' equity | $m | [110](/filings/0001484778-24-000149.md) | [104](/filings/0001484778-26-000007.md) | [93.5](/filings/0001484778-25-000116.md) | [86.5](/filings/0001484778-25-000116.md) | [69.3](/filings/0001484778-25-000116.md) | [56.3](/filings/0001484778-26-000025.md) | [56.1](/filings/0001484778-26-000025.md) | [60.2](/filings/0001484778-26-000025.md) | [59.1](/filings/0001484778-25-000116.md) | [59.2](/filings/0001484778-26-000025.md) | [59.4](/filings/0001484778-26-000025.md) | [60.7](/filings/0001484778-26-000025.md) |

- Cash and equivalents: us-gaap:CashAndCashEquivalentsAtCarryingValue
- Current assets: us-gaap:AssetsCurrent
- Total assets: us-gaap:Assets
- Current liabilities: us-gaap:LiabilitiesCurrent
- Total liabilities: us-gaap:Liabilities
- Long-term debt: us-gaap:LongTermDebtNoncurrent
- Current portion of debt: us-gaap:LongTermDebtCurrent
- Shareholders' equity: us-gaap:StockholdersEquity

## Cash flow

| Line item | Unit | Q3 FY2023 (2023-09-30) | Q4 FY2023 (2023-12-31) | Q1 FY2024 (2024-03-31) | Q2 FY2024 (2024-06-30) | Q3 FY2024 (2024-09-30) | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Operating cash flow | $k | [223 d](/filings/0001484778-24-000149.md) | [(7,975) d](/filings/0001484778-24-000035.md) | [1,393](/filings/0001484778-24-000073.md) | [(4,972) d](/filings/0001484778-24-000117.md) | [3,347 d](/filings/0001484778-24-000149.md) | [5,135 d](/filings/0001484778-26-000007.md) | [5,743](/filings/0001484778-26-000016.md) | [344 d](/filings/0001484778-26-000025.md) | [6,028 d](/filings/0001484778-25-000116.md) | [(1,463) d](/filings/0001484778-26-000007.md) | [4,754](/filings/0001484778-26-000016.md) | [4,450 d](/filings/0001484778-26-000025.md) |
| Capital expenditure | $k | [1,483 d](/filings/0001484778-24-000149.md) | [(667) d](/filings/0001484778-25-000023.md) | [1,126](/filings/0001484778-25-000051.md) | [848 d](/filings/0001484778-25-000081.md) | [2,147 d](/filings/0001484778-25-000116.md) | [2,463 d](/filings/0001484778-26-000007.md) | [1,815](/filings/0001484778-26-000016.md) | [3,279 d](/filings/0001484778-26-000025.md) | [3,651 d](/filings/0001484778-25-000116.md) | [1,727 d](/filings/0001484778-26-000007.md) | [4,111](/filings/0001484778-26-000016.md) | [2,667 d](/filings/0001484778-26-000025.md) |

- Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities, us-gaap:NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
- Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment

## Shares

| Line item | Unit | Q3 FY2022 (2022-09-30) | Q1 FY2023 (2023-03-31) | Q2 FY2023 (2023-06-30) | Q3 FY2023 (2023-09-30) | Q1 FY2024 (2024-03-31) | Q2 FY2024 (2024-06-30) | Q3 FY2024 (2024-09-30) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Diluted shares (weighted) | millions of shares | [100](/filings/0001484778-23-000218.md) | [102](/filings/0001484778-24-000073.md) | [104](/filings/0001484778-24-000117.md) | [106](/filings/0001484778-24-000149.md) | [109](/filings/0001484778-25-000051.md) | [111](/filings/0001484778-25-000081.md) | [113](/filings/0001484778-25-000116.md) | [117](/filings/0001484778-26-000016.md) | [120](/filings/0001484778-26-000025.md) | [124](/filings/0001484778-25-000116.md) | [128](/filings/0001484778-26-000016.md) | [130](/filings/0001484778-26-000025.md) |

- Diluted shares (weighted): us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding

Source: SEC EDGAR, XBRL company facts. Last ingested by Listed: Oct 24, 2026, 15:41 ET. No prices; not investment advice.