← ThredUp Inc.
| Annual Trend | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $163.8m |
$186.0m
+13.55%
|
$251.8m
+35.36%
|
$288.4m
+14.53%
|
$322.0m
+11.67%
|
$260.0m
-19.25%
|
$310.8m
+19.53%
|
$334.3m
+7.56%
|
|
| Cost of Revenue | $51.3m |
$57.9m
+12.78%
|
$73.7m
+27.29%
|
$96.0m
+30.38%
|
$108.2m
+12.68%
|
$52.9m
-51.11%
|
$64.1m
+21.08%
|
$68.5m
+6.89%
|
|
| Net Interest Income | — | — | — | ($805k) |
($2.2m)
-178.14%
|
($2.5m)
-12.77%
|
($1.9m)
+24.00%
|
($1.6m)
+17.04%
|
|
| Gross Profit | $112.5m |
$128.1m
+13.91%
|
$178.1m
+39.00%
|
$192.3m
+7.97%
|
$213.8m
+11.16%
|
$207.1m
-3.12%
|
$246.8m
+19.13%
|
$265.8m
+7.73%
|
|
| Research and Development Expense | — | $20.7m | $28.7m | $37.6m | $38.0m | $31.3m | $32.1m | — | |
| Sales, general and administrative | $22.3m | $28.6m | $48.8m | $61.8m | $62.7m | $56.9m | $56.7m | $123.2m | |
| Amortization of Intangible Assets | — | — | — | $2.6m | $2.6m | — | — | — | |
| Other Operating Expenses | — | — | — | $155.6m | $143.3m | $142.2m | $152.9m | — | |
| Operating Expenses | $149.3m | $174.7m | $240.5m | $281.8m | $285.6m | $247.7m | $268.5m | $289.6m | |
| Operating Income (Loss) | ($36.8m) |
($46.6m)
-26.58%
|
($62.4m)
-33.91%
|
($89.5m)
-43.44%
|
($71.8m)
+19.72%
|
($40.6m)
+43.46%
|
($21.7m)
+46.46%
|
($23.8m)
-9.30%
|
|
| Interest Expense | ($1.4m) | $1.3m | $2.3m | $805k | $2.2m | ($2.5m) | ($1.9m) | $1.6m | |
| Net Non Operating Interest Income Expense | — | — | — | ($805k) | ($2.2m) | ($2.5m) | ($1.9m) | ($1.6m) | |
| Other income, net | $74k | $73k | $1.6m | $2.0m | $2.8m | $3.2m | $3.5m | $3.2m | |
| Other Nonoperating Income (Expense) | — | $73k | $1.6m | ($2.0m) | $2.8m | $3.2m | $3.5m | — | |
| Other Income Expense | — | — | — | ($2.0m) | $2.9m | $3.2m | $3.5m | $3.2m | |
| Income (Loss) from Continuing Operations before Income Taxes, Domestic | — | — | — | ($80.6m) | ($51.1m) | — | — | ($22.2m) | |
| Pre-Tax Income | — | — | — | ($92.2m) | ($52.3m) | ($40.0m) | ($20.2m) | ($22.2m) | |
| Loss before provision for income taxes | ($38.2m) | ($47.8m) | ($63.1m) | ($92.2m) | ($71.2m) | ($40.0m) | ($20.2m) | — | |
| Provision for income taxes | $36k | $56k | $80k | $35k | $19k | $29k | $59k | — | |
| Net loss | ($38.2m) | ($47.9m) | ($63.2m) | ($92.3m) | ($71.2m) | ($77.0m) | ($20.2m) | — | |
| Net Income From Continuing And Discontinued Operation | ($38.2m) | ($47.9m) | ($63.2m) | ($92.3m) | ($71.2m) | ($77.0m) | ($20.2m) | ($22.2m) | |
| Net Income Discontinuous Operations | — | — | — | — | ($18.9m) | ($37.0m) | $0 | ($28.1m) | |
| Net Income From Continuing Operation Net Minority Interest | — | — | — | ($92.3m) | ($52.4m) | ($40.0m) | ($20.2m) | ($22.2m) | |
| Income (Loss) from Continuing Operations, Per Basic Share | — | — | — | — | — | ($0) | ($0) | — | |
| Income (Loss) from Continuing Operations, Per Diluted Share | — | — | — | — | — | ($0) | ($0) | — | |
| Earnings Per Share, Basic | — | ($4.14) | ($0.82) | ($0.92) | ($0.68) | ($0.69) | ($0.17) | ($0.18) | |
| Earnings Per Share, Diluted | — | ($4.14) | ($0.82) | ($0.92) | ($0.68) | ($0.69) | ($0.17) | ($0.18) | |
| Loss from continuing operations per share, basic (in dollars per share) | — | — | — | — | ($0.50) | ($0.36) | ($0.17) | — | |
| Loss from continuing operations per share, diluted (in dollars per share) | — | — | — | — | ($0.50) | ($0.36) | ($0.17) | — | |
| Loss from discontinued operations per share, basic (in dollars per share) | — | — | — | — | ($0.18) | ($0.33) | $0.00 | — | |
| Loss from discontinued operations per share, diluted (in dollars per share) | — | — | — | — | ($0.18) | ($0.33) | $0.00 | — | |
| Weighted Average Number of Shares Outstanding, Basic | — | 11.6m | 77.1m | 99.8m | 104.9m | 112.0m | 121.7m | 126.8m | |
| Basic Average Shares | — | 11.6m | 77.1m | $99.8m | $104.9m | $112.0m | $121.7m | $126.8m | |
| Diluted Average Shares | — | 11.6m | 77.1m | $99.8m | $104.9m | $112.0m | $121.7m | $126.8m | |
| Weighted Average Number of Shares Outstanding, Diluted | — | 11.6m | 77.1m | 99.8m | 104.9m | 112.0m | 121.7m | 126.8m | |
| Additional Financial Items | |||||||||
| Equity Securities without Readily Determinable Fair Value, Impairment Loss, Annual Amount | — | — | — | — | — | — | $0 | — | |
| Goodwill, Impairment Loss | — | — | — | — | $0 | $0 | $0 | — | |
| Reclassification from AOCI, Current Period, before Tax, Attributable to Parent | — | — | — | $0 | — | — | — | — | |
| Operations, product and technology | $82.1m | $101.4m | $128.1m | $155.6m | $156.7m | $142.2m | $152.9m | — | |
| Marketing | $45.0m | $44.8m | $63.6m | $64.4m | $66.3m | $48.6m | $59.0m | — | |
| Loss from continuing operations | — | — | — | — | ($52.4m) | ($40.0m) | ($20.2m) | — | |
| Loss from discontinued operations, net of tax | — | — | — | — | ($18.9m) | ($37.0m) | $0 | — | |
| Diluted EPS | — | ($4.14) | ($0.82) | ($0.92) | ($0.68) | ($0.69) | ($0.17) | ($0.18) | |
| Diluted NI Availto Com Stockholders | ($38.2m) | ($47.9m) | ($63.2m) | ($92.3m) | ($71.2m) | ($77.0m) | ($20.2m) | ($22.2m) | |
| Normalized EBITDA | — | — | — | ($77.4m) | ($35.9m) | ($20.1m) | ($5.3m) | ($6.6m) | |
| Normalized Income | — | — | — | ($92.3m) | ($52.4m) | ($40.0m) | ($20.2m) | ($22.2m) | |
| Other Gand A | — | — | — | $61.8m | $56.7m | $56.9m | $56.7m | — | |
| Reconciled Depreciation | — | — | — | $14.0m | $14.2m | $17.3m | $12.9m | $14.0m | |
| Selling General And Administration | — | — | — | $126.2m | $108.1m | $105.5m | $115.6m | — | |
| Tax Effect Of Unusual Items | — | — | — | $0 | $0 | $0 | $0 | $0 | |
| Tax Provision | $36k | $56k | $80k | $35k | $19k | $29k | $59k | $22k | |
| Tax Rate For Calcs | — | — | — | $0 | $0 | $0 | $0 | $0 | |
| 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 | — | |
| Total Expenses | — | — | — | $377.9m | $311.5m | $300.6m | $332.6m | $358.1m |