ThredUp Inc
For the period ended Mar 31, 2024. Filed May 6, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 6, 2024
TDUP$1.49+9.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Unaudited Condensed Consolidated Statements of Cash Flows
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
| Three Months Ended | ||
|---|---|---|
| March 31,2024 | March 31,2023 | |
| (in thousands) | ||
| Cash flows from operating activities: | ||
| Net loss | $(16,554) | $(19,793) |
| Adjustments to reconcile net loss to net cash provided by (used in) operating activities: | ||
| Depreciation and amortization | 4,933 | 3,681 |
| Stock-based compensation expense | 7,211 | 9,391 |
| Reduction in carrying amount of right-of-use assets | 1,667 | 1,207 |
| Other | 28 | 41 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable, net | 815 | 1,010 |
| Inventory | 3,825 | (3,157) |
| Other current and non-current assets | 312 | 22 |
| Accounts payable | (223) | 4,102 |
| Accrued and other current liabilities | 1,742 | (1,851) |
| Seller payable | (442) | 1,696 |
| Operating lease liabilities | (1,986) | (2,062) |
| Other non-current liabilities | 65 | 1,255 |
| Net cash provided by (used in) operating activities | 1,393 | (4,458) |
| Cash flows from investing activities: | ||
| Purchases of marketable securities | (8,665) | — |
| Maturities of marketable securities | 4,500 | 24,579 |
| Purchases of property and equipment | (1,620) | (5,679) |
| Net cash provided by (used in) investing activities | (5,785) | 18,900 |
| Cash flows from financing activities: | ||
| Repayment of debt | (1,000) | (1,000) |
| Proceeds from issuance of stock-based awards | 727 | 446 |
| Payments of withholding taxes on stock-based awards | (1,207) | (638) |
| Net cash used in financing activities | (1,480) | (1,192) |
| Effect of exchange rate changes on cash, cash equivalents, and restricted cash | (115) | (540) |
| Net change in cash, cash equivalents, and restricted cash | (5,987) | 12,710 |
| Cash, cash equivalents, and restricted cash, beginning of period | 61,469 | 44,051 |
| Cash, cash equivalents, and restricted cash, end of period | $55,482 | $56,761 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.