← ThredUp Inc.
| Annual Trend | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||
| Net Income From Continuing Operations | — | — | — | ($92.3m) | ($52.4m) | ($40.0m) | ($20.2m) | ($22.2m) | |
| Net Income (Loss) Attributable to Parent | — | ($47.9m) |
($63.2m)
-31.95%
|
($92.3m)
-46.07%
|
($71.2m)
+22.79%
|
($77.0m)
-8.05%
|
($20.2m)
+73.74%
|
— | |
| Depreciation, Depletion and Amortization | $4.3m | $5.6m | $9.2m | $14.0m | $18.7m | $17.3m | $12.9m | $14.0m | |
| Amortization of Intangible Assets | — | — | — | $2.6m | $2.6m | — | — | — | |
| Depreciation | $4.3m | $5.6m | $8.5m | $11.5m | $16.1m | $17.3m | $12.9m | $16.1m | |
| Amortization Cash Flow | — | — | — | $2.6m | $2.6m | — | — | — | |
| Amortization Of Intangibles | — | — | — | $2.6m | $2.6m | — | — | $2.6m | |
| Depreciation Amortization Depletion | — | — | — | $14.0m | $14.2m | $17.3m | $12.9m | $14.0m | |
| Share-based Payment Arrangement, Noncash Expense | — | $7.3m | $13.0m | $26.8m | $31.7m | $25.8m | $19.0m | $20.4m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | — | — | — | $2.2m | $4.8m | $4.1m | $24.3m | — | |
| Share-based Payment Arrangement, Expense | — | $7.3m | $13.0m | $26.8m | $31.7m | $25.8m | $19.0m | $20.4m | |
| Stock-based compensation expense | $7.7m | $7.3m | $13.0m | $26.8m | $31.7m | $25.8m | $19.0m | $20.4m | |
| Proceeds from issuance of stock-based awards | — | $2.2m | $6.5m | $4.2m | $5.2m | $3.7m | $27.9m | — | |
| Payments of withholding taxes on stock-based awards | — | $0 | ($347k) | ($2.2m) | ($4.8m) | ($4.1m) | ($24.3m) | — | |
| Equity Securities without Readily Determinable Fair Value, Impairment Loss, Annual Amount | — | — | — | — | — | — | $0 | — | |
| Goodwill, Impairment Loss | — | — | — | — | $0 | $0 | $0 | $1.1m | |
| Impairment of Intangible Assets, Finite-lived | — | — | — | — | $0 | — | — | — | |
| Impairment of long-lived assets | — | — | — | — | — | $0 | $1.1m | — | |
| Asset Impairment Charge | — | — | — | — | — | $0 | $1.1m | $1.1m | |
| Other Nonoperating Income (Expense) | — | $73k | $1.6m | ($2.0m) | $2.8m | $3.2m | $3.5m | — | |
| Changes in operating assets and liabilities: | |||||||||
| Change In Working Capital | — | — | — | ($12.7m) | ($7.4m) | ($2.8m) | ($5.9m) | ($3.6m) | |
| Increase (Decrease) in Accounts Receivable | — | ($229k) | $1.2m | $530k | $3.1m | ($1.5m) | ($1.1m) | $1.2m | |
| Accounts receivable, net | ($638k) | $229k | ($1.2m) | ($530k) | ($3.1m) | $1.5m | $1.1m | $1.2m | |
| Change In Receivables | — | — | — | ($530k) | ($2.4m) | $1.5m | $1.1m | $1.2m | |
| Changes In Account Receivables | — | — | — | ($530k) | ($2.4m) | $1.5m | $1.1m | $1.2m | |
| Increase (Decrease) in Inventories | — | ($374k) | $2.7m | $7.9m | ($2.2m) | ($2.1m) | — | $2.1m | |
| Change In Inventory | — | — | ($2.7m) | ($7.9m) | $3.7m | $2.1m | — | $2.1m | |
| Increase (Decrease) in Accounts Payable | ($741k) | $3.5m | $871k | ($4.0m) | $1.7m | $3.9m | $1.4m | $4.6m | |
| Purchases of property and equipment included in accounts payable and accrued liabilities | $587k | $1.6m | $3.7m | $5.7m | $100k | $681k | $1.9m | ($12.2m) | |
| Change In Payables And Accrued Expense | — | — | — | ($5.2m) | ($3.8m) | ($2.3m) | ($1.4m) | $4.6m | |
| Accrued capital expenditures | — | $19.4m | $19.8m | $43.3m | $16.0m | $6.6m | $10.5m | — | |
| Accrued and other liabilities | $14.2m | $5.2m | $9.3m | $1.8m | ($9.1m) | ($561k) | ($6.0m) | — | |
| Change In Accrued Expense | — | — | — | $1.8m | ($8.2m) | ($561k) | ($6.0m) | ($3.2m) | |
| Increase (Decrease) in Other Operating Assets | — | ($32k) | $6.3m | ($893k) | ($1.2m) | ($822k) | $366k | — | |
| Other | — | $561k | $2.3m | $5.6m | $857k | ($16k) | ($833k) | — | |
| Other current and non-current assets | ($239k) | $32k | ($6.3m) | $893k | $1.2m | $822k | ($366k) | — | |
| Change In Other Current Assets | — | — | — | $893k | $1.2m | $3.0m | ($366k) | ($523k) | |
| Change In Other Current Liabilities | — | — | — | ($36k) | ($5.9m) | ($4.9m) | ($5.3m) | ($5.7m) | |
| Net Cash Provided by (Used in) Operating Activities | ($10.1m) |
($19.1m)
-89.35%
|
($35.0m)
-83.30%
|
($52.1m)
-48.79%
|
($22.6m)
+56.64%
|
($4.0m)
+82.27%
|
$0
+100.00%
|
$13.8m | |
| Cash flows from investing activities: | |||||||||
| Payments to Acquire Property, Plant, and Equipment | ($9.5m) | $19.4m | $19.8m | $43.3m | $16.0m | $6.6m | $10.5m | ($12.2m) | |
| Purchases of marketable securities | $0 | $0 | ($125.2m) | ($3.5m) | ($17.9m) | ($31.8m) | ($20.7m) | — | |
| Sale and maturities of marketable securities | — | — | — | — | — | $28.1m | $24.0m | — | |
| Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-sale | — | $0 | $2.8m | $55.6m | $77.6m | $28.1m | — | — | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | $0 | $23.6m | $0 | — | — | — | $0 | |
| Net cash used in continuing investing activities | — | — | — | — | $46.6m | ($10.3m) | ($7.2m) | — | |
| Net cash flow used in discontinued investing activities | — | — | — | — | ($2.9m) | ($6.6m) | $0 | — | |
| Net Cash Provided by (Used in) Investing Activities | — | ($19.4m) | ($169.6m) | $8.9m | $43.7m | — | — | ($15.6m) | |
| Cash flows from financing activities: | |||||||||
| Issuance Of Debt | — | — | $4.6m | $391k | $0 | — | — | — | |
| Long Term Debt Issuance | — | — | $4.6m | $391k | $0 | — | — | — | |
| Net Issuance Payments Of Debt | — | — | — | ($5.9m) | ($4.0m) | ($4.0m) | ($4.0m) | ($2.5m) | |
| Net Long Term Debt Issuance | — | — | — | ($5.9m) | ($4.0m) | ($4.0m) | ($4.0m) | ($2.5m) | |
| Repayment of debt | ($11.8m) | ($1.2m) | ($4.0m) | ($6.3m) | ($4.0m) | ($4.0m) | ($4.0m) | ($2.5m) | |
| Long Term Debt Payments | — | — | — | ($6.3m) | ($4.0m) | ($4.0m) | ($4.0m) | ($2.5m) | |
| Issuance Of Capital Stock | — | — | $226.9m | $0 | — | — | — | — | |
| Common Stock Issuance | — | — | $226.9m | $0 | — | — | — | — | |
| Net Other Financing Charges | — | — | — | ($2.2m) | ($4.8m) | ($4.1m) | ($24.3m) | ($19.7m) | |
| Net cash used in continuing financing activities | $91.2m |
$18.2m
-80.02%
|
$229.0m
+1156.99%
|
($3.9m)
-101.72%
|
($3.6m)
+8.46%
|
($4.4m)
-21.90%
|
($397k)
+90.96%
|
— | |
| Net Cash Provided by (Used in) Financing Activities | — | $18.2m |
$229.0m
+1156.99%
|
($3.9m)
-101.72%
|
($3.6m)
+8.46%
|
($4.4m)
-21.90%
|
($397k)
+90.96%
|
($674k)
-69.77%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | ($20.3m) | $24.3m | ($47.8m) | $17.4m | ($21.0m) | $3.1m | $47.1m | |
| Beginning Cash Position | — | — | — | $91.8m | $44.1m | $61.5m | $40.5m | $49.6m | |
| Cash, cash equivalents and restricted cash, beginning of period | $87.9m | $67.5m | $91.8m | $44.1m | $61.5m | $40.5m | $43.6m | — | |
| Net change in cash, cash equivalents and restricted cash from continuing operations | — | — | — | — | $33.1m | ($9.7m) | $3.1m | — | |
| Net change in cash, cash equivalents and restricted cash from discontinued operations | — | — | — | — | ($15.6m) | ($10.6m) | $0 | — | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | $0 | ($64k) | ($672k) | ($68k) | ($586k) | — | ($426k) | |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | — | $0 | ($64k) | ($672k) | ($68k) | ($586k) | $0 | ($426k) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | $67.5m | $91.8m | $44.1m | $61.5m | $40.5m | $43.6m | $47.1m | |
| Net change in cash, cash equivalents and restricted cash | $79.8m | ($20.3m) | $24.3m | ($47.8m) | $17.4m | ($21.0m) | $3.1m | — | |
| Additional Supplementary Disclosures | |||||||||
| Additional Supplementary Disclosures | |||||||||
| Loss from continuing operations | — | — | — | — | ($52.4m) | ($40.0m) | ($20.2m) | — | |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | — | — | — | — | — | ($40.0m) | ($20.2m) | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | — | — | — | — | — | ($37.0m) | $0 | — | |
| Income Tax Expense (Benefit) | — | $56k | $80k | $35k | $19k | $29k | $59k | — | |
| Interest Expense Nonoperating | — | — | — | — | — | $2.5m | $1.9m | — | |
| Operating lease liabilities | — | ($3.8m) | ($4.0m) | $924k | ($7.1m) | ($4.9m) | ($4.8m) | — | |
| Additional Financial Items | |||||||||
| Goodwill | — | $0 | $12.2m | $11.6m | $12.0m | $10.7m | $10.7m | $1.1m | |
| Operating Expenses | — | $174.7m | $240.5m | $281.8m | $285.6m | $247.7m | $268.5m | — | |
| Reduction in carrying amount of right-of-use assets | — | $4.0m | $4.0m | $6.5m | $6.4m | $4.5m | $4.6m | — | |
| Seller payable | $315k | $4.4m | $5.1m | ($2.9m) | $5.3m | ($5.7m) | $3.1m | — | |
| Other non-current liabilities | ($114k) | $1.4m | ($1.3m) | ($960k) | ($54k) | $0 | ($500k) | — | |
| Right-of-use assets obtained in exchange for new lease liabilities | — | $9.1m | $19.7m | $13.4m | $2.1m | $5.3m | $1.9m | — | |
| Cash Flow From Continuing Financing Activities | — | — | — | ($3.9m) | ($3.6m) | ($4.4m) | ($397k) | ($674k) | |
| Cash Flow From Continuing Investing Activities | — | — | — | $8.9m | $46.6m | ($10.3m) | ($7.2m) | ($15.6m) | |
| Cash Flow From Discontinued Operation | — | — | — | — | ($15.6m) | ($10.6m) | $0 | ($6.0m) | |
| Change In Account Payable | — | — | — | ($6.9m) | $4.4m | ($1.8m) | $4.5m | $4.6m | |
| Change In Payable | — | — | — | ($6.9m) | $4.4m | ($1.8m) | $4.5m | $4.6m | |
| Changes In Cash | — | — | — | ($47.1m) | $17.5m | ($20.4m) | $3.1m | ($2.5m) | |
| End Cash Position | — | — | — | $44.1m | $61.5m | $40.5m | $43.6m | $47.1m | |
| Financing Cash Flow | — | — | — | ($3.9m) |
($3.6m)
+8.46%
|
($4.4m)
-21.90%
|
($397k)
+90.96%
|
($674k)
-69.77%
|
|
| Free Cash Flow | — | — | — | ($95.4m) | ($22.9m) | ($1.7m) | $180k | $1.6m | |
| Investing Cash Flow | — | — | — | $8.9m | $46.6m | ($10.3m) | ($7.2m) | ($15.6m) | |
| Net Business Purchase And Sale | — | — | ($23.6m) | $0 | — | — | — | $0 | |
| Net PPE Purchase And Sale | — | — | — | ($43.3m) | ($13.1m) | ($6.6m) | ($10.5m) | ($12.2m) | |
| Other Non Cash Items | — | — | — | $12.1m | $6.0m | $4.5m | $3.8m | — | |
| Proceeds From Stock Option Exercised | — | — | — | $4.2m | $5.2m | $3.7m | $27.9m | $21.5m | |
| Purchase Of Business | — | — | ($23.6m) | $0 | — | — | — | $0 | |
| Purchase Of PPE | — | — | — | ($43.3m) | ($13.1m) | ($6.6m) | ($10.5m) | ($12.2m) | |
| Stock Based Compensation | — | — | — | $26.8m | $29.7m | $25.8m | $19.0m | $20.4m | |
| Net Investment Purchase And Sale | — | — | — | $52.2m | $59.7m | ($3.7m) | $3.3m | ($3.5m) | |
| Purchase Of Investment | — | — | — | ($3.5m) | ($17.9m) | ($31.8m) | ($20.7m) | ($21.9m) | |
| Sale Of Investment | — | — | — | $55.6m | $77.6m | $28.1m | $24.0m | $18.4m | |
| Supplemental disclosure of cash flow information: | |||||||||
| Change In Cash Supplemental As Reported | — | — | — | ($47.8m) | $17.4m | ($21.0m) | $3.1m | — | |
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $1.2m | $1.4m | $2.1m | $2.1m | $2.7m | $2.4m | $1.8m | — | |
| Income Taxes Paid, Net | — | $45k | $64k | — | — | — | $0 | — |