ThredUp Inc. (TDUP) Financial Statements

Income statement

Metric	TTM	2025	2024	2023	2022
Revenue
Total Revenue	334.3M	310.8M	260.0M	258.5M	288.4M
Cost of Revenue	65.3M	64.1M	52.9M	60.0M	96.0M
Gross Profit	269.0M	246.8M	207.1M	198.5M	192.3M
Operating Expenses
R&D Expense	—	—	—	—	—
SG&A Expense	105.4M	115.6M	105.5M	108.1M	126.2M
General & Admin Expense	45.1M	56.7M	56.9M	56.7M	61.8M
Selling & Marketing Expense	44.6M	59.0M	48.6M	51.4M	64.4M
Other Expenses	185.8M	151.3M	142.2M	143.3M	155.6M
Total Operating Expenses	291.2M	267.0M	247.7M	251.5M	281.8M
Cost and Expenses	356.5M	331.0M	300.6M	311.5M	377.9M
Operating Income (EBIT)	(22.2M)	(20.2M)	(40.6M)	(53.0M)	(89.5M)
Non-Operating
Interest Income	—	—	—	—	—
Interest Expense	1.6M	1.9M	2.5M	2.2M	805.0K
Net Interest Income	(1.6M)	(1.9M)	(2.5M)	(2.2M)	(805.0K)
Other Non-Op Income/Expense	29.0K	59.0K	649.0K	661.0K	(2.8M)
Non-Operating Income (excl Interest)	(1.6M)	(2.0M)	(3.2M)	(2.9M)	2.0M
EBT (Pre-Tax Income)	(22.2M)	(20.2M)	(40.0M)	(52.3M)	(92.2M)
Income Tax Expense	22.0K	59.0K	29.0K	19.0K	35.0K
Bottom Line
Net Income	(22.2M)	(20.2M)	(77.0M)	(71.2M)	(92.3M)
Earnings from Cont. Ops	(22.2M)	(20.2M)	(40.0M)	(52.4M)	(92.3M)
Earnings from Discont. Ops	—	—	(37.0M)	(18.9M)	—
Bottom Line Net Income	(22.2M)	(20.2M)	(77.0M)	(71.2M)	(92.3M)
Per Share
Basic EPS	($0.18)	($0.17)	($0.69)	($0.68)	($0.92)
Diluted EPS	($0.18)	($0.17)	($0.69)	($0.68)	($0.92)
Revenue Per Share	$2.57	$2.55	$2.32	$2.46	$2.89
Shares
Basic Shares Outstanding	129.9M	121.7M	112.0M	104.9M	99.8M
Diluted Shares Outstanding	129.9M	121.7M	112.0M	104.9M	99.8M
Profitability Metrics
EBITDA	(3.3M)	(5.3M)	(20.1M)	(35.9M)	(77.4M)
D&A	17.3M	12.9M	17.3M	14.2M	14.0M
EBIT	(20.6M)	(18.2M)	(37.4M)	(50.1M)	(91.4M)

As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Jun 1, 2026