← ThredUp Inc.

Annual Trend FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
ASSETS
Current assets:
Cash and Cash Equivalents, at Carrying Value $64.5m $84.5m $38.0m $56.1m $31.9m $38.6m
Accounts receivable, net $1.8m $4.1m $4.7m $7.8m $3.6m $2.4m
Other current assets $5.3m $8.6m $7.1m $6.2m $8.5m $6.1m
Cash Cash Equivalents And Short Term Investments — — $104.9m $62.4m $44.2m $48.1m
Other Short Term Investments — — $66.9m $8.1m $12.3m $9.5m
Inventory, Net $3.5m $9.8m $17.5m $15.7m $690k —
Assets, Current $75.2m $228.4m $134.2m $93.9m $56.9m $56.7m
Total current assets $75.2m $228.4m $134.2m $93.9m $56.9m $56.7m
Property, Plant and Equipment, Net $41.1m $55.5m $92.5m $87.7m $68.5m $67.2m
Goodwill $0 $12.2m $11.6m $12.0m $10.7m $10.7m
Goodwill And Other Intangible Assets — — $22.1m $11.2m $10.7m $10.7m
Other Intangible Assets — $13.9m $10.5m $8.2m — —
Operating Lease, Right-of-Use Asset $23.7m $39.3m $46.2m $42.1m $28.9m $25.4m
Other Assets, Noncurrent $3.0m $11.5m $7.0m $6.2m $6.2m $7.2m
Operating lease right-of-use assets $23.7m $39.3m $46.2m $42.1m $28.9m $25.4m
Accounts Receivable, after Allowance for Credit Loss, Current $1.8m $4.1m $4.7m $7.8m $3.6m $2.4m
Marketable securities $0 $121.3m $66.9m $8.1m $12.3m $9.5m
Accrued and other current liabilities $32.5m $45.3m $50.2m $35.9m $29.9m $24.5m
Seller payable $13.7m $19.1m $16.2m $21.5m $15.1m $18.3m
Operating lease liabilities, current $3.6m $3.9m $6.4m $5.9m $4.3m $5.4m
Operating lease liabilities, non-current $21.6m $37.0m $48.7m $44.6m $32.5m $28.6m
Other non-current liabilities $2.7m $1.1m $3.0m $2.8m $2.8m $2.8m
Accumulated Depreciation — — ($31.9m) ($45.2m) ($61.1m) ($71.4m)
Assets Held For Sale Current — — — $17.6m $0 —
Capital Lease Obligations — — $55.1m $36.4m $36.8m $34.0m
Construction In Progress — — $36.5m $4.8m $5.6m $6.9m
Current Accrued Expenses — — $10.2m $5.1m $5.2m $6.0m
Current Capital Lease Obligation — — $6.4m $4.6m $4.3m $5.4m
Current Debt — — $3.9m $3.8m $3.9m $3.9m
Current Debt And Capital Lease Obligation — — $10.3m $8.4m $8.2m $9.3m
Current Deferred Liabilities — — $25.7m $16.3m $15.6m $9.6m
Current Provisions — — $4.9m $3.0m $3.1m $3.8m
Finished Goods — $8.2m $14.9m $12.4m — —
Foreign Currency Translation Adjustments — ($729k) ($3.1m) — — —
Gross PPE — — $170.6m $151.1m $158.4m $164.0m
Invested Capital — — $169.7m $129.8m $78.3m $77.3m
Leases — — $15.7m $24.1m $23.9m $23.5m
Liabilities Heldfor Sale Non Current — — — $13.4m $0 —
Long Term Capital Lease Obligation — — $48.7m $31.8m $32.5m $28.6m
Machinery Furniture Equipment — — $72.2m $94.1m $100.1m $108.3m
Net PPE — — $138.6m $105.9m $97.3m $92.6m
Net Tangible Assets — — $117.9m $92.7m $45.6m $48.4m
Ordinary Shares Number — — $101.5m $108.8m $116.1m $127.0m
Other Current Borrowings — — $3.9m $3.8m $3.9m $3.9m
Other Current Liabilities — $13.2m — $14.1m — —
Other Equity Adjustments — — ($4.2m) ($2.4m) $3k $3k
Other Non Current Assets — — $7.0m $38.9m $6.2m $7.2m
Other Properties — — $46.2m $28.1m $28.9m $25.4m
Properties — — $0 $0 $0 $0
Restricted Cash — $560k $383k — — —
Share Issued — — $101.5m $108.8m $116.1m $127.0m
Tangible Book Value — — $117.9m $92.7m $45.6m $48.4m
Unrealized Gain Loss — ($365k) ($1.1m) — — —
Work In Process — $1.6m $2.6m $3.3m — —
Working Capital — — $49.8m $17.2m ($4.6m) ($5.7m)
Accrued Liabilities, Current $32.5m $45.3m $50.2m $35.9m $29.9m $24.5m
Total stockholders’ equity ($222.2m) $205.7m $140.0m $103.9m $56.3m $59.2m
Total Capitalization — — $165.8m $125.9m $74.5m $73.5m
Total Debt — — $84.8m $62.3m $58.8m $52.1m
Total Non Current Assets — — $167.8m $156.1m $114.3m $110.6m
Total Tax Payable — — $4.3m $2.6m $2.6m $2.6m
Assets $142.9m $360.8m $301.9m $250.0m $171.2m $167.2m
LIABILITIES AND EQUITY
Total liabilities and stockholders’ equity $142.9m $360.8m $301.9m $250.0m $171.2m $167.2m
Current liabilities:
Operating Lease, Liability, Current $3.6m $3.9m $6.4m $5.9m $4.3m $5.4m
Accounts Payable, Current $9.4m $13.3m $7.8m $9.5m $8.3m $10.3m
Long-term Debt, Current Maturities $3.3m $7.8m $3.9m $3.8m $3.9m $3.9m
Operating Lease, Liability, Noncurrent $21.6m $37.0m $48.7m $44.6m $32.5m $28.6m
Long-term Debt, Excluding Current Maturities $31.2m $27.6m $25.8m $22.0m $18.2m $14.3m
Current portion of long-term debt $3.3m $7.8m $3.9m $3.8m $3.9m $3.9m
Long-term debt, net of current portion $31.2m $27.6m $25.8m $22.0m $18.2m $14.3m
Current Deferred Revenue — — $25.7m $16.3m $15.6m $9.6m
Payables And Accrued Expenses — — $38.5m $32.3m $31.3m $37.2m
Liabilities, Current $62.6m $89.4m $84.4m $76.7m $61.5m $62.4m
Total current liabilities $62.6m $89.4m $84.4m $76.7m $61.5m $62.4m
Other Liabilities, Noncurrent $2.7m $1.1m $3.0m $2.8m $2.8m $2.8m
Long Term Debt And Capital Lease Obligation — — $74.5m $53.8m $50.6m $42.9m
Pensionand Other Post Retirement Benefit Plans Current — — $5.0m $2.4m $3.4m $2.5m
Liabilities $118.0m $155.1m $161.9m $146.1m $114.9m $108.1m
Stockholders’ equity:
Common Stock, Value, Issued $1k $10k $10k $11k $11k $12k
Additional Paid in Capital $30.0m $522.2m $551.9m $585.2m $612.1m $635.3m
Retained Earnings (Accumulated Deficit) ($252.2m) ($315.3m) ($407.6m) ($478.9m) ($555.9m) ($576.1m)
Accumulated Other Comprehensive Income (Loss), Net of Tax $0 ($1.1m) ($4.2m) ($2.4m) $3k $3k
Class A and B common stock, $0.0001 par value; 1,120,000 shares authorized as of December 31, 2025 and 2024; 127,027 and 116,134 shares issued and outstanding as of December 31, 2025 and 2024, respectively 1k 10k 10k 11k 11k 12k
Capital Stock — — $10k $11k $11k $12k
Gains Losses Not Affecting Retained Earnings — — ($4.2m) ($2.4m) $3k $3k
Stockholders' Equity Attributable to Parent ($222.2m) $205.7m $140.0m $103.9m $56.3m $59.2m
Total Equity Gross Minority Interest — — $140.0m $103.9m $56.3m $59.2m
Total Non Current Liabilities Net Minority Interest — — $77.5m $69.4m $53.4m $45.7m
Liabilities and Equity $142.9m $360.8m $301.9m $250.0m $171.2m $167.2m

Amounts are shown in USD as reported in each fiscal year filing.