ThredUp Inc.

For the period ended Jun 30, 2025. Filed Aug 4, 2025.

About 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.

Jun 30, 2025 · Filed Aug 4, 2025

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 exhibits

Contents

Unaudited Condensed Consolidated Statements of Operations

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

	Three Months Ended		Six Months Ended
	June 30,2025	June 30,2024	June 30,2025	June 30,2024
(in thousands, except per share amounts)
Revenue	$77,657	$66,717	$148,948	$131,250
Cost of revenue	15,921	14,159	30,841	26,979
Gross profit	61,736	52,558	118,107	104,271
Operating expenses:
Operations, product, and technology	37,525	34,975	72,651	72,100
Marketing	16,206	13,258	29,349	24,109
Sales, general, and administrative	13,250	13,930	26,786	30,062
Total operating expenses	66,981	62,163	128,786	126,271
Operating loss	(5,245)	(9,605)	(10,679)	(22,000)
Interest expense	(496)	(652)	(1,010)	(1,329)
Other income, net	596	871	1,386	1,764
Loss before provision for income taxes	(5,145)	(9,386)	(10,303)	(21,565)
Provision for income taxes	31	6	88	17
Loss from continuing operations	(5,176)	(9,392)	(10,391)	(21,582)
Loss from discontinued operations, net of tax	—	(4,562)	—	(8,926)
Net loss	$(5,176)	$(13,954)	$(10,391)	$(30,508)
Weighted-average shares used to compute loss per share, basic and diluted	120,275	110,997	118,496	110,145
Loss from continuing operations per share, basic and diluted	$(0.04)	$(0.09)	$(0.09)	$(0.20)
Loss from discontinued operations per share, basic and diluted	—	(0.04)	—	(0.08)
Loss per share, basic and diluted	$(0.04)	$(0.13)	$(0.09)	$(0.28)

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.