ThredUp Inc
For the period ended Dec 31, 2024. Filed Mar 3, 2025.
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FY2024 · Filed Mar 3, 2025
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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Item 8. Consolidated Statements of Cash Flows
CONSOLIDATED STATEMENTS OF CASH FLOWS
| Year Ended December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| (in thousands) | ||
| Cash flows from continuing operating activities: | ||
| Loss from continuing operations | $(39,999) | $(52,356) |
| Adjustments to reconcile loss from continuing operations to net cash provided by (used in) continuing operating activities: | ||
| Depreciation and amortization | 17,328 | 14,227 |
| Stock-based compensation expense | 25,847 | 29,652 |
| Reduction in carrying amount of right-of-use assets | 4,536 | 5,203 |
| Other | (16) | 820 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable, net | 1,482 | (2,448) |
| Inventory | 2,134 | 3,669 |
| Other current and non-current assets | 822 | 1,181 |
| Accounts payable | 3,907 | (642) |
| Accrued and other liabilities | (561) | (8,202) |
| Seller payable | (5,688) | 5,014 |
| Operating lease liabilities | (4,889) | (5,936) |
| Net cash provided by (used in) continuing operating activities | 4,903 | (9,818) |
| Cash flows from continuing investing activities: | ||
| Purchases of marketable securities | (31,776) | (17,915) |
| Maturities of marketable securities | 28,100 | 77,579 |
| Purchases of property and equipment | (6,584) | (13,108) |
| Net cash provided by (used in) continuing investing activities | (10,260) | 46,556 |
| Cash flows from continuing financing activities: | ||
| Repayment of debt | (4,000) | (4,000) |
| Proceeds from issuance of stock-based awards | 3,667 | 5,162 |
| Payments of withholding taxes on stock-based awards | (4,059) | (4,765) |
| Net cash used in continuing financing activities | (4,392) | (3,603) |
| Net change in cash, cash equivalents and restricted cash from continuing operations | (9,749) | 33,135 |
| Net cash flow used in discontinued operating activities | (4,005) | (12,773) |
| Net cash flow used in discontinued investing activities | (6,641) | (2,876) |
| Net change in cash, cash equivalents and restricted cash from discontinued operations | (10,646) | (15,649) |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | (586) | (68) |
| Net change in cash, cash equivalents and restricted cash | (20,981) | 17,418 |
| Cash, cash equivalents and restricted cash, beginning of period | 61,469 | 44,051 |
| Cash, cash equivalents and restricted cash, end of period | $40,488 | $61,469 |
| Supplemental disclosures of cash flow information: | ||
| Cash paid for interest | $2,397 | $2,706 |
| Supplemental disclosures of noncash investing and financing activities: | ||
| Purchases of property and equipment included in accounts payable and accrued liabilities | $681 | $100 |
| Right-of-use assets obtained in exchange for new lease liabilities | $5,293 | $— |
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