ThredUp Inc
For the period ended Sep 30, 2024. Filed Nov 4, 2024.
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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.
Sep 30, 2024 · Filed Nov 4, 2024
TDUP$1.49+9.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Unaudited Condensed Consolidated Balance Sheets
CONDENSED CONSOLIDATED BALANCE SHEETS
| September 30,2024 | December 31,2023 | |
|---|---|---|
| (in thousands, except par value amounts) | ||
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $43,715 | $56,084 |
| Marketable securities | 11,581 | 8,100 |
| Accounts receivable, net | 5,717 | 7,813 |
| Inventory | 7,375 | 15,687 |
| Other current assets | 4,977 | 6,204 |
| Total current assets | 73,365 | 93,888 |
| Operating lease right-of-use assets | 44,804 | 42,118 |
| Property and equipment, net | 76,432 | 87,672 |
| Goodwill | 12,121 | 11,957 |
| Intangible assets | 1,995 | 8,156 |
| Other assets | 6,227 | 6,176 |
| Total assets | $214,944 | $249,967 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| Current liabilities: | ||
| Accounts payable | $13,125 | $9,457 |
| Accrued and other current liabilities | 34,170 | 35,934 |
| Seller payable | 19,802 | 21,495 |
| Operating lease liabilities, current | 5,455 | 5,949 |
| Current portion of long-term debt | 3,851 | 3,838 |
| Total current liabilities | 76,403 | 76,673 |
| Operating lease liabilities, non-current | 47,147 | 44,621 |
| Long-term debt, net of current portion | 19,116 | 22,006 |
| Other non-current liabilities | 3,006 | 2,750 |
| Total liabilities | 145,672 | 146,050 |
| Commitments and contingencies (Note 10) | ||
| Stockholders’ equity: | ||
| Class A and B common stock, $0.0001 par value; 1,120,000 shares authorized as of September 30, 2024 and December 31, 2023; 113,758 and 108,784 shares issued and outstanding as of September 30, 2024 and December 31, 2023, respectively | 11 | 11 |
| Additional paid-in capital | 605,687 | 585,156 |
| Accumulated other comprehensive loss | (2,272) | (2,375) |
| Accumulated deficit | (534,154) | (478,875) |
| Total stockholders’ equity | 69,272 | 103,917 |
| Total liabilities and stockholders’ equity | $214,944 | $249,967 |
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