ThredUp Inc. (TDUP) Financial Statements (2026 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)
Annual | Quarterly

3/31/2026
MRQ
12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments48,12744,17664,184104,931205,827
Cash and cash equivalent38,62931,85156,08438,02984,550
Short-term investments9,49812,3258,10066,902121,277
Receivables2,4373,5677,8134,6694,136
Inventory, net of allowances, customer advances and progress billings  69015,68717,5199,825
Inventory  69015,68717,5199,825
Other current assets6,1128,4896,2047,0768,625
Total current assets:56,67656,92293,888134,195228,413
Noncurrent Assets
Operating lease, right-of-use asset25,37628,85342,11846,15339,340
Property, plant, and equipment, after accumulated depreciation, depletion, and amortization67,24368,48087,67292,48255,466
Intangible asset, including goodwill, after accumulated amortization10,74610,74620,11322,09126,092
Goodwill10,74610,74611,95711,59212,238
Intangible asset, excluding goodwill, after accumulated amortization   8,15610,49913,854
Other noncurrent assets7,2046,2246,1767,02711,515
Total noncurrent assets:110,569114,303156,079167,753132,413
TOTAL ASSETS:167,245171,225249,967301,948360,826
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities34,84038,18245,39157,95558,589
Accounts payable10,3298,3269,4577,80013,336
Accrued liabilities24,51129,85635,93450,15545,253
Debt 3,8753,8553,8383,8797,768
Other undisclosed current liabilities23,66519,48727,44422,57923,056
Total current liabilities:62,38061,52476,67384,41389,413
Noncurrent Liabilities
Long-term debt and lease obligation14,27618,15122,00625,78864,556
Long-term debt, excluding current maturities14,27618,15122,00625,78827,559
Liabilities, other than long-term debt31,39635,24947,37151,7461,123
Other liabilities2,8162,7602,7503,0191,123
Operating lease, liability28,58032,48944,62148,72736,997
Total noncurrent liabilities:45,67253,40069,37777,53465,679
Total liabilities:108,052114,924146,050161,947155,092
Equity
Equity, attributable to parent59,19356,301103,917140,001205,734
Common stock1211111010
Additional paid in capital635,253612,148585,156551,852522,161
Accumulated other comprehensive income (loss)33(2,375)(4,234)(1,094)
Accumulated deficit(576,075)(555,861)(478,875)(407,627)(315,343)
Total equity:59,19356,301103,917140,001205,734
TOTAL LIABILITIES AND EQUITY:167,245171,225249,967301,948360,826

Income Statement (P&L) ($ in thousands)
Annual | Quarterly

3/31/2026
TTM
12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
Revenues310,813260,031322,022288,379251,792
Cost of revenue(64,060)(52,906)(108,217)(96,041)(73,660)
Gross profit:246,753207,125213,805192,338178,132
Operating expenses(268,499)(247,744)(285,642)(281,825)(240,518)
Operating loss:(21,746)(40,619)(71,837)(89,487)(62,386)
Nonoperating income (expense)
(Other Nonoperating Income (Expense))		3,5103,1742,847(1,957)1,565
Interest and debt expense(1,919)(2,525)(2,239)(805)(2,275)
Loss from continuing operations before income taxes:(20,155)(39,970)(71,229)(92,249)(63,096)
Income tax expense(59)(29)(19)(35)(80)
Loss from continuing operations:(20,214)(39,999)(71,248)(92,284)(63,176)
Loss before gain (loss) on sale of properties:✕✕✕✕✕(63,176)
Net loss:(20,214)(39,999)(71,248)(92,284)(63,176)
Other undisclosed net loss attributable to parent  (36,987)   
Net loss available to common stockholders, diluted:(20,214)(76,986)(71,248)(92,284)(63,176)

Comprehensive Income ($ in thousands)
Annual | Quarterly

3/31/2026
TTM
12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
Net loss:(20,214)(39,999)(71,248)(92,284)(63,176)
Comprehensive loss:(20,214)(39,999)(71,248)(92,284)(63,176)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent (34,609)1,859(3,140)(1,094)
Comprehensive loss, net of tax, attributable to parent:(20,214)(74,608)(69,389)(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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