ThredUp Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Revenue | $310.8M | $260.0M | $258.5M | $288.4M | $251.8M | $186.0M | $163.8M |
| Cost of Revenue | $64.1M | $52.9M | $60.0M | $96.0M | $73.7M | $57.9M | $51.3M |
| Gross Profit | $246.8M | $207.1M | $198.5M | $192.3M | $178.1M | $128.1M | $112.5M |
| Gross Margin | 79.4% | 79.7% | 76.8% | 66.7% | 70.7% | 68.9% | 68.7% |
| Operating Expenses | |||||||
| Research & Development | $32.1M | $31.3M | $32.6M | $37.6M | $28.7M | $20.7M | $19.0M |
| SG&A Expense | $56.7M | $56.9M | $56.7M | $61.8M | $48.8M | $28.6M | $22.3M |
| Operating Income | $-21.7M | $-40.6M | $-53.0M | $-89.5M | $-62.4M | $-46.6M | $-36.8M |
| Operating Margin | -7.0% | -15.6% | -20.5% | -31.0% | -24.8% | -25.0% | -22.5% |
| Interest Expense | — | — | $2.2M | $805.0K | $2.3M | $1.3M | $1.4M |
| Pretax Income | $-20.2M | $-40.0M | $-52.3M | $-92.2M | $-63.1M | $-47.8M | $-38.2M |
| Income Tax Expense | $59.0K | $29.0K | $19.0K | $35.0K | $80.0K | $56.0K | $36.0K |
| Net Income | $-20.2M | $-77.0M | $-71.2M | $-92.3M | $-63.2M | $-47.9M | $-38.2M |
| Net Margin | -6.5% | -29.6% | -27.6% | -32.0% | -25.1% | -25.7% | -23.3% |
| EPS (Basic) | $-0.17 | $-0.69 | $-0.68 | $-0.92 | $-0.82 | $-0.59 | $-0.53 |
| EPS (Diluted) | $-0.17 | $-0.69 | $-0.68 | $-0.92 | $-0.82 | $-0.59 | $-0.53 |
| Shares Outstanding (Basic) | 121.7M | 112.0M | 104.9M | 99.8M | 77.1M | 81.0M | 71.9M |
| Shares Outstanding (Diluted) | 121.7M | 112.0M | 104.9M | 99.8M | 77.1M | 81.0M | 71.9M |
| Dividends Per Share | — | — | — | — | — | — | — |