ThredUp Inc.
For the period ended Sep 30, 2025. Filed Nov 3, 2025.
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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, 2025 · Filed Nov 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.
See the whole filing, with its images and exhibitsContents
Unaudited Condensed Consolidated Statements of Operations
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
| Three Months Ended | Nine Months Ended | |||
|---|---|---|---|---|
| September 30,2025 | September 30,2024 | September 30,2025 | September 30,2024 | |
| (in thousands, except per share amounts) | ||||
| Revenue | $82,161 | $61,514 | $231,109 | $192,764 |
| Cost of revenue | 16,949 | 12,760 | 47,790 | 39,739 |
| Gross profit | 65,212 | 48,754 | 183,319 | 153,025 |
| Operating expenses: | ||||
| Operations, product, and technology | 38,545 | 33,296 | 111,196 | 105,396 |
| Marketing | 16,186 | 12,912 | 45,535 | 37,021 |
| Sales, general, and administrative | 14,869 | 13,010 | 41,655 | 43,072 |
| Total operating expenses | 69,600 | 59,218 | 198,386 | 185,489 |
| Operating loss | (4,388) | (10,464) | (15,067) | (32,464) |
| Interest expense | (477) | (629) | (1,487) | (1,958) |
| Other income, net | 583 | 739 | 1,969 | 2,503 |
| Loss before provision (benefit) for income taxes | (4,282) | (10,354) | (14,585) | (31,919) |
| Provision (benefit) for income taxes | (34) | 4 | 54 | 21 |
| Loss from continuing operations | (4,248) | (10,358) | (14,639) | (31,940) |
| Loss from discontinued operations, net of tax | — | (14,413) | — | (23,339) |
| Net loss | $(4,248) | $(24,771) | $(14,639) | $(55,279) |
| Weighted-average shares used to compute loss per share, basic and diluted | 123,903 | 112,854 | 120,318 | 111,054 |
| Loss from continuing operations per share, basic and diluted | $(0.03) | $(0.09) | $(0.12) | $(0.29) |
| Loss from discontinued operations per share, basic and diluted | — | (0.13) | — | (0.21) |
| Loss per share, basic and diluted | $(0.03) | $(0.22) | $(0.12) | $(0.50) |
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