ThredUp Inc. (TDUP) Financial Statements
Industry: Catalog & Mail-Order Houses (Retail)
In fiscal 2025, ThredUp reported revenue of $310.8M, up 19.5% from $260.0M the year before. Net income was -$20.2M (a -6.5% net margin), or -$0.17 per diluted share. Gross margin was 79.4% and operating margin was -7.0%. Operating activities generated $10.7M of cash, leaving $180,000 of free cash flow. At fiscal year end, ThredUp held $167.2M in total assets against $108.1M in total liabilities, including $38.6M of cash and equivalents.
Open the full interactive ThredUp financials → Quarterly statements, key ratios, valuation history and price charts.
ThredUp Key Stats
| Share Price | $2.31 |
|---|---|
| Market Cap | $300.0M |
| Revenue YoY Growth | +19.5% |
| 52-Week Range | $2.12 – $9.41 |
| Shares Outstanding | 129.9 million (basic, 2026 Q2) |
ThredUp Income Statement
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $251.8M | $288.4M | $322.0M | $260.0M | $310.8M |
| Gross Profit | $178.1M | $192.3M | $213.8M | $207.1M | $246.8M |
| Operating Income | -$62.4M | -$89.5M | -$71.8M | -$40.6M | -$21.7M |
| Pre-Tax Income | -$63.1M | -$92.2M | -$71.2M | -$40.0M | -$20.2M |
| Income Tax | $80,000 | $35,000 | $19,000 | $29,000 | $59,000 |
| Net Income | -$63.2M | -$92.3M | -$71.2M | -$77.0M | -$20.2M |
| Diluted EPS | -$0.82 | -$0.92 | -$0.68 | -$0.69 | -$0.17 |
ThredUp Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $82.2M | $79.7M | $81.7M | $90.8M |
| Net Income | -$4.2M | -$5.6M | -$6.5M | -$5.9M |
| Diluted EPS | -$0.03 | -$0.05 | -$0.05 | -$0.05 |
ThredUp Balance Sheet
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Cash & Equivalents | $84.5M | $38.0M | $56.1M | $31.9M | $38.6M |
| Current Assets | $228.4M | $134.2M | $93.9M | $56.9M | $56.7M |
| Total Assets | $360.8M | $301.9M | $250.0M | $171.2M | $167.2M |
| Current Liabilities | $89.4M | $84.4M | $76.7M | $61.5M | $62.4M |
| Total Long-Term Debt | $35.3M | $29.7M | $25.8M | $22.0M | $18.2M |
| Total Liabilities | $155.1M | $161.9M | $146.1M | $114.9M | $108.1M |
| Shareholders' Equity | $205.7M | $140.0M | $103.9M | $56.3M | $59.2M |
ThredUp Cash Flow Statement
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Cash From Operations | -$35.0M | -$52.1M | -$22.6M | $4.9M | $10.7M |
| Cash From Investing | -$169.6M | $8.9M | $43.7M | — | — |
| Cash From Financing | $229.0M | -$3.9M | -$3.6M | -$4.4M | -$397,000 |
| Free Cash Flow | -$54.8M | -$95.4M | -$38.6M | -$1.7M | $180,000 |
Figures from ThredUp's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full ThredUp financials page for every line item.
ThredUp Company Profile
| Ticker | TDUP |
|---|---|
| Exchange | Nasdaq |
| Industry | Catalog & Mail-Order Houses (Retail) |
| Headquarters | Oakland, California |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Accelerated filer, emerging growth company |
| SEC CIK | 0001484778 |
Frequently Asked Questions
What was ThredUp's revenue in fiscal 2025?
ThredUp (TDUP) reported revenue of $310.8M for fiscal 2025.
What is ThredUp's annual revenue history?
ThredUp's annual revenue by fiscal year: 2021: $251.8M; 2022: $288.4M; 2023: $322.0M; 2024: $260.0M; 2025: $310.8M.
What was ThredUp's net income in fiscal 2025?
ThredUp reported net income of -$20.2M for fiscal 2025.
What was ThredUp's earnings per share (EPS) in fiscal 2025?
ThredUp's diluted EPS was -$0.17 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did ThredUp generate in fiscal 2025?
ThredUp generated $180,000 of free cash flow in fiscal 2025.
What was ThredUp's revenue last quarter?
In its most recent reported quarter (2026 Q2), ThredUp reported revenue of $90.8M.
How much debt does ThredUp have?
ThredUp reported $18.2M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of ThredUp are outstanding?
ThredUp reported a weighted average of 129.9 million basic shares outstanding in 2026 Q2.
What is ThredUp's market cap?
Based on its latest closing price, ThredUp (TDUP) has a market capitalization of about $300.0M.
When does ThredUp's fiscal year end?
ThredUp's fiscal year end, as registered with the SEC, is December 31.
Where is ThredUp headquartered?
ThredUp lists its business address in Oakland, California in its SEC filings.