Poshmark, Inc. (POSH) Financial Statements (2024 and earlier)

Company Profile

Business Address 203 REDWOOD SHORES PARKWAY
REDWOOD CITY, CA 94065
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 5961 - Catalog and Mail-Order Houses (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2022
MRQ
12/31/2021
12/31/2020
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments, including: 309,28372,674
Cash and cash equivalents 581,538235,834
Short-term investments  26,238
Other undisclosed cash, cash equivalents, and short-term investments (272,255)(189,398)
Deferred costs  3,200
Other undisclosed current assets 281,992194,103
Total current assets: 591,275269,977
Noncurrent Assets
Property, plant and equipment 7,3768,447
Intangible assets, net (including goodwill) 8,372 
Goodwill 7,012 
Intangible assets, net (excluding goodwill) 1,360 
Other noncurrent assets 1,6507,010
Total noncurrent assets: 17,39815,457
TOTAL ASSETS: 608,673285,434
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 40,89848,176
Taxes payable8,0908,073
Employee-related liabilities8,3696,842
Accounts payable 1,59512,317
Accrued liabilities 22,84420,944
Business combination, contingent consideration, liability 1,619 
Other undisclosed current liabilities 145,290117,127
Total current liabilities: 187,807165,303
Noncurrent Liabilities
Long-term debt and lease obligation  55,421
Long-term debt, excluding current maturities  55,421
Other undisclosed noncurrent liabilities 3,2478,317
Total noncurrent liabilities: 3,24763,738
Total liabilities: 191,054229,041
Temporary equity, carrying amount  156,175
Equity
Equity, attributable to parent, including: 417,619(99,782)
Common stock  1
Treasury stock, value (2,651) 
Additional paid in capital 641,97428,300
Accumulated other comprehensive income (loss) 123(1,574)
Accumulated deficit (221,835)(126,509)
Other undisclosed equity, attributable to parent 8 
Total equity: 417,619(99,782)
TOTAL LIABILITIES AND EQUITY: 608,673285,434

Income Statement (P&L) ($ in thousands)

9/30/2022
TTM
12/31/2021
12/31/2020
Revenues 326,009262,077
Cost of revenue (108,577)(83,266)
Cost of goods and services sold (51,858)(43,507)
Gross profit: 217,432178,811
Operating expenses (261,857)(155,411)
Operating income (loss): (44,425)23,400
Nonoperating expense (54,262)(6,467)
Interest and debt expense (1,620) 
Income (loss) from continuing operations before equity method investments, income taxes: (100,307)16,933
Other undisclosed income from continuing operations before income taxes 1,844569
Income (loss) from continuing operations before income taxes: (98,463)17,502
Income tax expense (benefit) 134(657)
Income (loss) from continuing operations: (98,329)16,845
Income (loss) before gain (loss) on sale of properties:(98,329)16,845
Net income (loss) attributable to parent: (98,329)16,845
Undistributed earnings (loss) allocated to participating securities, basic  (12,776)
Net income (loss) available to common stockholders, diluted: (98,329)4,069

Comprehensive Income ($ in thousands)

9/30/2022
TTM
12/31/2021
12/31/2020
Net income (loss): (98,329)16,845
Other comprehensive income (loss) 1,697(1,585)
Comprehensive income (loss), net of tax, attributable to parent: (96,632)15,260

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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