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Financials · TDUP

ThredUp Inc. (TDUP) financials

For the twelve months ended Sep 30, 2026, ThredUp Inc. reported $340.37M of revenue and -$23.45M of net income.

Revenue, TTM
$340.37M
Revenue growth, YoY
+14.1%
Net income, TTM
-$23.45M
Net margin
-6.9%
Free cash flow, TTM
-$752.0K
EPS, diluted, TTM
-$0.20
Cash
$42.68M
Total debt
$17.74M
P/S
0.53
Market cap
$181.7M
Annual revenue$310.81M
FY2019FY2025
Annual net income-$20.21M
FY2019FY2025
Annual free cash flow$180.0K
FY2019FY2025

TDUP revenue and earnings growth

TDUP revenueQ3 2026$88.23M

Quarter YoY
+7.4%
QoQ
-2.8%
FY YoY
+19.5%
5Y CAGR
+10.8%

TDUP revenue was $88.23M in fiscal Q3 2026 (ended Sep 30, 2026), up 7.4% from a year earlier and down 2.8% from the prior quarter. For the full fiscal 2025 it was $310.81M, up 19.5% from fiscal 2024. Compound annual growth was +10.8% over 5 years. It rose in 5 of the last 6 fiscal years. Fiscal 2025 is the highest of the 7 fiscal years on file.

TDUP net incomeQ3 2026-$5.47M

TDUP net income was -$5.47M in fiscal Q3 2026 (ended Sep 30, 2026), compared with -$4.25M a year earlier. For the full fiscal 2025 it was -$20.21M, compared with -$76.99M in fiscal 2024.

TDUP EPSQ3 2026-$0.04

TDUP diluted EPS was -$0.04 in fiscal Q3 2026 (ended Sep 30, 2026), compared with -$0.03 a year earlier. For the full fiscal 2025 it was -$0.17, compared with -$0.69 in fiscal 2024.

TDUP free cash flowQ3 2026$12.0K

Quarter YoY
-99.5%
QoQ
-99.3%

TDUP free cash flow was $12.0K in fiscal Q3 2026 (ended Sep 30, 2026), down 99.5% from a year earlier and down 99.3% from the prior quarter. For the full fiscal 2025 it was $180.0K, compared with -$1.68M in fiscal 2024. Fiscal 2025 is the highest of the 7 fiscal years on file.

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Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
Revenue$310.81M$260.03M$258.50M$288.38M$251.79M$186.01M$163.81M
Cost of revenue$64.06M$52.91M$60.04M$96.04M$73.66M$57.87M$51.31M
Gross profit$246.75M$207.13M$198.47M$192.34M$178.13M$128.15M$112.50M
Research and development$32.10M$31.30M$32.60M$37.60M$28.70M$20.70M$19.00M
Selling, general and admin$56.66M$56.90M$56.74M$61.81M$48.81M$28.56M$22.25M
Operating income-$21.75M-$40.62M-$53.00M-$89.49M-$62.39M-$46.59M-$36.81M
Interest expense$1.92M$2.52M$2.24M$805.0K$2.27M$1.30M$1.43M
Pre-tax income-$20.16M-$39.97M-$52.34M-$92.25M-$63.10M-$47.82M-$38.16M
Income tax$59.0K$29.0K$19.0K$35.0K$80.0K$56.0K$36.0K
Net income-$20.21M-$76.99M-$71.25M-$92.28M-$63.18M-$47.88M-$38.20M
EPS, basic-$0.17-$0.69-$0.68-$0.92-$0.82-$4.14-$3.72
EPS, diluted-$0.17-$0.69-$0.68-$0.92-$0.82-$4.14-$3.72
Diluted shares121.7M112.0M104.9M99.8M77.1M11.6M10.3M

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
Cash and equivalents$38.63M$40.49M$61.47M$44.05M$91.84M$67.54M$87.85M
Receivables$2.44M$3.57M$5.00M$4.67M$4.14M$1.82M-
Inventory-$690.0K$2.82M$17.52M$9.82M$3.52M-
Current assets$56.68M$56.92M$93.89M$134.19M$228.41M$75.16M-
Goodwill$10.75M$10.75M$11.21M$11.59M$12.24M$0-
Total assets$167.25M$171.22M$249.97M$301.95M$360.83M$142.91M-
Current liabilities$62.38M$61.52M$76.67M$84.41M$89.41M$62.56M-
Short-term debt$3.88M$3.85M$3.84M$3.88M$7.77M$3.27M-
Long-term debt$14.28M$18.15M$22.01M$25.79M$27.56M$31.19M-
Total debt$18.15M$22.01M$25.84M$29.67M$35.33M$34.46M-
Total liabilities$108.05M$114.92M$146.05M$161.95M$155.09M$118.05M-
Shareholders' equity$59.19M$56.30M$103.92M$140.00M$205.73M-$222.18M-$183.24M

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
Operating cash flow$10.65M$4.90M-$9.82M-$52.10M-$35.02M-$19.11M-$10.09M
Capital expenditures$10.47M$6.58M$13.11M$43.25M$19.83M$19.42M$9.50M
Free cash flow$180.0K-$1.68M-$22.93M-$95.36M-$54.85M-$38.53M-$19.59M
Investing cash flow-$7.17M-$10.26M$46.56M$8.92M-$169.58M-$19.42M-$1.25M
Financing cash flow-$397.0K-$4.39M-$3.60M-$3.94M$228.96M$18.21M$91.18M
Stock-based compensation$19.00M$25.85M$29.65M$26.82M$12.96M$7.34M$7.68M
Depreciation and amortization$12.92M$17.33M$14.23M$14.03M$9.15M$5.58M$4.27M

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
Revenue growth, YoY19.5%0.6%-10.4%14.5%35.4%13.6%-
Gross margin79.4%79.7%76.8%66.7%70.7%68.9%68.7%
Operating margin-7.0%-15.6%-20.5%-31.0%-24.8%-25.0%-22.5%
Net margin-6.5%-29.6%-27.6%-32.0%-25.1%-25.7%-23.3%
Free cash flow margin0.1%-0.6%-8.9%-33.1%-21.8%-20.7%-12.0%
Return on equity-34.1%-136.7%-68.6%-65.9%-30.7%--
Return on assets-12.1%-45.0%-28.5%-30.6%-17.5%-33.5%-
Current ratio0.910.931.221.592.551.20-
Debt to equity0.310.390.250.210.17--

Source: XBRL data ThredUp Inc. files with the SEC, latest filing dated Nov 4, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

TDUP peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
TDUP$340.37M+14.1%-$23.45M-6.9%$181.7M
AMZN$797.46B+15.4%$134.78B16.9%$2.89T
CPNG$36.16B+7.4%-$1.36B-3.8%$29.43B
CDW$24.52B+10.9%$1.10B4.5%$20.54B
W$13.21B+7.9%-$160.00M-1.2%$15.99B
CHWY$13.07B+5.9%$273.70M2.1%$9.26B
VIPSCN¥105.92B-2.3%CN¥7.24B6.8%$6.57B
NSIT$9.02B+9.0%$181.69M2.0%$4.72B
PTRN$3.26B+42.1%$117.51M3.6%$3.43B

TDUP FAQ

9 questions
  • What is TDUP revenue?
    ThredUp Inc. (TDUP) reported $340.37M of revenue for the twelve months ended Sep 30, 2026. That is up 14.1% from the year before. Revenue for fiscal 2025 was $310.81M.
  • Is TDUP profitable?
    No. ThredUp Inc. reported a net loss of $23.45M for the twelve months ended Sep 30, 2026.
  • How much cash and debt does TDUP have?
    ThredUp Inc. reported $42.68M in cash and cash equivalents and $17.74M of debt on its most recent balance sheet in SEC filings.
  • How fast is TDUP revenue growing?
    ThredUp Inc.'s revenue changed +19.5% in fiscal 2025, to $310.81M. Its compound annual growth rate was +10.8% over 5 years.
  • What is TDUP gross margin?
    ThredUp Inc.'s gross profit was $269.65M on $340.37M of revenue for the twelve months ended Sep 30, 2026, a gross margin of 79.2%.
  • What is TDUP free cash flow?
    ThredUp Inc. generated -$752.0K of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of $9.72M less capital expenditures.
  • What is TDUP earnings per share?
    Diluted earnings per share were -$0.20 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.
  • When did TDUP last report financial results?
    The latest statements here come from ThredUp Inc.'s 10-Q filed on Nov 4, 2026, covering the period ended Sep 30, 2026.
  • Where does this TDUP financial data come from?
    Quantisnow builds these statements from the structured XBRL data ThredUp Inc. files with the SEC. It is provided for information only and is not investment advice.