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 Statements of Cash Flows
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
| Nine Months Ended | ||
|---|---|---|
| September 30,2024 | September 30,2023 | |
| (in thousands) | ||
| Cash flows from operating activities: | ||
| Net loss | $(55,279) | $(56,635) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Stock-based compensation expense | 20,687 | 24,907 |
| Depreciation and amortization | 14,497 | 13,881 |
| Impairment of long-lived assets | 9,814 | — |
| Reduction in carrying amount of right-of-use assets | 4,551 | 4,788 |
| Other | (595) | 59 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable, net | 2,103 | (1,373) |
| Inventory | 8,305 | (873) |
| Other current and non-current assets | 1,769 | 1,055 |
| Accounts payable | 3,121 | 4,049 |
| Accrued and other current liabilities | (2,129) | (4,331) |
| Seller payable | (1,711) | 5,358 |
| Operating lease liabilities | (5,205) | (5,426) |
| Other non-current liabilities | (160) | (75) |
| Net cash used in operating activities | (232) | (14,616) |
| Cash flows from investing activities: | ||
| Purchases of marketable securities | (24,673) | (9,851) |
| Maturities of marketable securities | 21,600 | 71,979 |
| Purchases of property and equipment | (5,363) | (13,775) |
| Net cash provided by (used in) investing activities | (8,436) | 48,353 |
| Cash flows from financing activities: | ||
| Repayment of debt | (3,000) | (3,000) |
| Proceeds from issuance of stock-based awards | 2,070 | 3,761 |
| Payments of withholding taxes on stock-based awards | (2,995) | (3,744) |
| Net cash used in financing activities | (3,925) | (2,983) |
| Effect of exchange rate changes on cash, cash equivalents, and restricted cash | 121 | (230) |
| Net change in cash, cash equivalents, and restricted cash | (12,472) | 30,524 |
| Cash, cash equivalents, and restricted cash, beginning of period | 61,469 | 44,051 |
| Cash, cash equivalents, and restricted cash, end of period | $48,997 | $74,575 |
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