ThredUp Inc. (TDUP) quarterly income statement — complete revenue, gross profit & net income history
ThredUp Inc. (TDUP) annual income statement — 8-year revenue, gross profit & net income history
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 |
|---|
| Sales/Revenue | 88.23M | 90.77M | 81.67M | 79.7M | 82.16M | 77.66M | 71.29M | 27.67M | 73.02M | 66.72M | 64.53M | 81.39M | 82.05M | 82.66M | 75.92M | 71.32M | 67.94M | 76.42M | 72.69M | 72.88M |
| Revenue Growth % | 7.39% | 16.88% | 14.56% | 188.08% | 12.52% | 16.4% | 10.47% | -66.01% | -11% | -19.29% | -15% | 14.13% | 20.76% | 8.16% | 4.44% | -2.14% | 7.38% | 27.46% | 30.56% | 67.8% |
| Cost of Goods Sold | 19.2M | 18.24M | 17.01M | 13.13M | 16.95M | 15.92M | 14.92M | -16.03M | 21.04M | 14.16M | 12.82M | 31.04M | 25.42M | 26.93M | 24.83M | 26.35M | 23.45M | 23.77M | 22.47M | 24.69M |
| COGS % of Revenue | 21.76% | 20.1% | 20.83% | 16.48% | 20.63% | 20.5% | 20.93% | -57.95% | 28.82% | 21.22% | 19.87% | 38.14% | 30.98% | 32.58% | 32.7% | 36.95% | 34.51% | 31.11% | 30.91% | 33.88% |
| Gross Profit | 69.03M | 72.52M | 64.66M | 66.57M | 65.21M | 61.74M | 56.37M | 43.7M | 51.98M | 52.56M | 51.71M | 50.35M | 56.63M | 55.73M | 51.09M | 44.97M | 44.5M | 52.65M | 50.23M | 48.19M |
| Gross Margin % | 78.24% | 79.9% | 79.17% | 83.52% | 79.37% | 79.5% | 79.07% | 157.95% | 71.19% | 78.78% | 80.13% | 61.86% | 69.02% | 67.42% | 67.3% | 63.05% | 65.49% | 68.89% | 69.09% | 66.12% |
| Gross Profit Growth % | 5.86% | 17.47% | 14.7% | 52.34% | 25.46% | 17.46% | 9.01% | -13.21% | -8.21% | -5.7% | 1.21% | 11.98% | 27.26% | 5.86% | 1.72% | -6.69% | -3.47% | 19.3% | 26.46% | 62.06% |
| Operating Expenses | 74.29M | 78.64M | 71.25M | 71.72M | 69.6M | 66.98M | 61.8M | 28.45M | 76.85M | 62.16M | 64.11M | 65.1M | 74.82M | 74.44M | 71.28M | 61.35M | 68.69M | 80.98M | 70.8M | 66.51M |
| OpEx % of Revenue | 84.2% | 86.64% | 87.24% | 89.98% | 84.71% | 86.25% | 86.69% | 102.81% | 105.24% | 93.17% | 99.34% | 79.99% | 91.19% | 90.06% | 93.88% | 86.03% | 101.09% | 105.97% | 97.4% | 91.27% |
| Selling, General & Admin | 13.65M | 15.76M | 30.17M | 28.45M | 31.05M | 29.46M | 26.68M | 13.21M | 29.84M | 27.19M | 26.98M | 26.86M | 34.46M | 34.67M | 32.93M | 27.54M | 29.98M | 80.43M | 70.34M | 65.89M |
| SG&A % of Revenue | 15.47% | 17.36% | 36.95% | 35.69% | 37.8% | 37.93% | 37.42% | 47.75% | 40.87% | 40.75% | 41.81% | 33.01% | 42% | 41.95% | 43.37% | 38.61% | 44.13% | 105.25% | 96.76% | 90.42% |
| Research & Development | 42.47M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | 48.13% | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 547K | 461K | 618K |
| Operating Income | -5.26M | -6.11M | -6.59M | -5.15M | -4.39M | -5.25M | -5.43M | 15.25M | -24.87M | -9.61M | -12.39M | -14.75M | -18.19M | -18.71M | -20.18M | -16.39M | -24.19M | -28.33M | -20.57M | -18.32M |
| Operating Margin % | -5.96% | -6.73% | -8.07% | -6.46% | -5.34% | -6.75% | -7.62% | 55.13% | -34.06% | -14.4% | -19.21% | -18.12% | -22.17% | -22.64% | -26.58% | -22.98% | -35.6% | -37.07% | -28.3% | -25.14% |
| Operating Income Growth % | -19.87% | -16.55% | -21.26% | -133.74% | 82.35% | 45.39% | 56.16% | 203.42% | -36.7% | 48.67% | 38.59% | 10% | 24.8% | 33.96% | 1.91% | 10.56% | -56.09% | -104.04% | -40.18% | -12.79% |
| EBITDA | -5.13M | -2.01M | -3.28M | -1.7M | -1.25M | -2.08M | -2.27M | 21.67M | -21.34M | -5.98M | -8.65M | -9.9M | -12.83M | -13.88M | -15.29M | -10.92M | -18.74M | -23.42M | -15.91M | -15.32M |
| EBITDA Margin % | -5.81% | -2.22% | -4.02% | -2.13% | -1.52% | -2.68% | -3.18% | 78.33% | -29.23% | -8.97% | -13.4% | -12.16% | -15.63% | -16.79% | -20.15% | -15.31% | -27.58% | -30.64% | -21.88% | -21.02% |
| EBITDA Growth % | -310.24% | 3.22% | -44.94% | -107.83% | 94.14% | 65.25% | 73.81% | 318.92% | -66.37% | 56.88% | 43.47% | 9.35% | 31.53% | 40.75% | 3.84% | 28.71% | -41.41% | -94.75% | -25.84% | -5.39% |
| D&A (Non-Cash Add-back) | 0 | 4.1M | 3.31M | 3.45M | 3.14M | 3.17M | 3.17M | 6.42M | 3.53M | 3.62M | 3.75M | 4.85M | 5.36M | 4.84M | 4.89M | 5.47M | 5.45M | 4.91M | 4.67M | 3.01M |
| EBIT | -5.13M | -5.61M | -6.06M | -5.14M | -3.81M | -4.65M | -4.64M | 15.86M | -24.14M | -8.73M | -11.5M | -13.91M | -17.35M | -18.03M | -19.71M | -19.45M | -23.57M | -28.15M | -20.27M | -17.36M |
| Net Interest Income | -340K | -299K | -384K | -432K | -477K | -496K | -514K | -567K | -629K | -652K | -677K | -709K | -732K | -721K | -77K | -41K | -103K | -238K | -423K | -524K |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 340K | 299K | 384K | 432K | 477K | 496K | 514K | 567K | 629K | 652K | 677K | 709K | 732K | 721K | 77K | 41K | 103K | 238K | 423K | 524K |
| Other Income/Expense | -208K | 205K | 141K | -423K | 106K | 100K | 276K | 34K | 101K | 219K | 216K | 132K | 113K | -36K | 399K | -3.11M | 521K | -57K | -120K | 437K |
| Pretax Income | -5.47M | -5.91M | -6.45M | -5.57M | -4.28M | -5.14M | -5.16M | 15.29M | -24.77M | -9.39M | -12.18M | -14.62M | -18.08M | -18.75M | -19.78M | -19.5M | -23.67M | -28.39M | -20.7M | -17.89M |
| Pretax Margin % | -6.2% | -6.51% | -7.9% | -6.99% | -5.21% | -6.63% | -7.24% | 55.26% | -33.92% | -14.07% | -18.87% | -17.96% | -22.03% | -22.68% | -26.06% | -27.34% | -34.84% | -37.15% | -28.47% | -24.54% |
| Income Tax | 2K | 27K | 24K | 5K | -34K | 31K | 57K | 8K | 4K | 6K | 11K | -5K | 3K | 12K | 9K | 4K | 9K | 9K | 13K | 23K |
| Effective Tax Rate % | -0.04% | -0.46% | -0.37% | -0.09% | 0.79% | -0.6% | -1.11% | 0.05% | -0.02% | -0.06% | -0.09% | 0.03% | -0.02% | -0.06% | -0.05% | -0.02% | -0.04% | -0.03% | -0.06% | -0.13% |
| Net Income | -5.47M | -5.93M | -6.47M | -5.58M | -4.25M | -5.18M | -5.21M | -21.71M | -24.77M | -13.95M | -16.55M | -14.61M | -18.08M | -18.76M | -19.79M | -19.5M | -23.68M | -28.4M | -20.71M | -17.91M |
| Net Margin % | -6.2% | -6.54% | -7.92% | -6.99% | -5.17% | -6.67% | -7.32% | -78.46% | -33.92% | -20.92% | -25.65% | -17.95% | -22.04% | -22.7% | -26.07% | -27.34% | -34.85% | -37.16% | -28.49% | -24.58% |
| Net Income Growth % | -28.77% | -14.66% | -24.1% | 74.32% | 82.85% | 62.91% | 68.5% | -48.55% | -36.99% | 25.62% | 16.36% | 25.06% | 23.63% | 33.94% | 4.42% | -8.87% | -60.91% | -97.5% | -28.06% | -6.61% |
| Net Income (Continuing) | -5.47M | -5.93M | -6.47M | -5.58M | -4.25M | -5.18M | -5.21M | 15.28M | -24.77M | -9.39M | -12.19M | -14.61M | -18.08M | -18.76M | -19.79M | -19.5M | -23.68M | -28.4M | -20.71M | -17.91M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1000K | -1000K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.04 | -0.05 | -0.05 | -0.04 | -0.03 | -0.04 | -0.04 | -0.19 | -0.22 | -0.13 | -0.15 | -0.14 | -0.17 | -0.18 | -0.19 | -0.19 | -0.24 | -0.29 | -0.21 | -0.18 |
| EPS Growth % | -16.62% | -16.28% | -25% | 76.68% | 84.41% | 66.92% | 73.33% | -35.71% | -29.41% | 27.78% | 21.05% | 26.32% | 29.17% | 37.93% | 9.52% | -5.56% | -60% | -93.33% | -23.53% | 0% |
| EPS (Basic) | -0.04 | -0.05 | -0.05 | -0.04 | -0.03 | -0.04 | -0.04 | -0.19 | -0.22 | -0.13 | -0.15 | -0.14 | -0.17 | -0.18 | -0.19 | -0.19 | -0.24 | -0.29 | -0.21 | -0.18 |
| Diluted Shares Outstanding | 131.83M | 129.85M | 127.69M | 125.77M | 123.9M | 120.28M | 116.7M | 114.66M | 112.85M | 111M | 109.29M | 107.72M | 105.9M | 103.91M | 101.98M | 101.03M | 100.25M | 99.33M | 98.62M | 97.8M |
| Basic Shares Outstanding | 131.83M | 129.85M | 127.69M | 125.77M | 123.9M | 120.28M | 116.7M | 114.66M | 112.85M | 111M | 109.29M | 107.72M | 105.9M | 103.91M | 101.98M | 101.03M | 100.25M | 99.33M | 98.62M | 97.8M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |