ThredUp Inc. (TDUP) Financial Statements (2024 and earlier)

Company Profile

Business Address 969 BROADWAY
OAKLAND, CA 94607
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)

9/30/2023
MRQ
12/31/2022
12/31/2021
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments104,931205,827
Cash and cash equivalents38,02984,550
Short-term investments66,902121,277
Receivables4,6694,136
Inventory, net of allowances, customer advances and progress billings17,5199,825
Inventory17,5199,825
Other current assets7,0768,625
Total current assets:134,195228,413
Noncurrent Assets
Operating lease, right-of-use asset46,15339,340
Property, plant and equipment92,48255,466
Intangible assets, net (including goodwill)22,09126,092
Goodwill11,59212,238
Intangible assets, net (excluding goodwill)10,49913,854
Other noncurrent assets7,02711,515
Total noncurrent assets:167,753132,413
TOTAL ASSETS:301,948360,826
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities57,95558,589
Accounts payable7,80013,336
Accrued liabilities50,15545,253
Debt3,8797,768
Other undisclosed current liabilities22,57923,056
Total current liabilities:84,41389,413
Noncurrent Liabilities
Long-term debt and lease obligation25,78864,556
Long-term debt, excluding current maturities25,78827,559
Liabilities, other than long-term debt51,7461,123
Other liabilities3,0191,123
Operating lease, liability48,72736,997
Total noncurrent liabilities:77,53465,679
Total liabilities:161,947155,092
Equity
Equity, attributable to parent140,001205,734
Common stock1010
Additional paid in capital551,852522,161
Accumulated other comprehensive loss(4,234)(1,094)
Accumulated deficit(407,627)(315,343)
Total equity:140,001205,734
TOTAL LIABILITIES AND EQUITY:301,948360,826

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

9/30/2023
TTM
12/31/2022
12/31/2021
Revenues288,379251,792
Cost of revenue(96,041)(73,660)
Gross profit:192,338178,132
Operating expenses(281,825)(240,518)
Operating loss:(89,487)(62,386)
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(1,957)1,565
Interest and debt expense(805)(2,275)
Loss from continuing operations before income taxes:(92,249)(63,096)
Income tax expense(35)(80)
Loss from continuing operations:(92,284)(63,176)
Loss before gain (loss) on sale of properties:(63,176)
Net loss available to common stockholders, diluted:(92,284)(63,176)

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
Net loss:(92,284)(63,176)
Comprehensive loss:(92,284)(63,176)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(3,140)(1,094)
Comprehensive loss, net of tax, attributable to parent:(95,424)(64,270)

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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