ThredUp Inc.
For the period ended Dec 31, 2025. Filed Mar 2, 2026.
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FY2025 · Filed Mar 2, 2026
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, | ||
|---|---|---|
| 2025 | 2024 | |
| (in thousands) | ||
| Cash flows from continuing operating activities: | ||
| Loss from continuing operations | $(20,214) | $(39,999) |
| Adjustments to reconcile loss from continuing operations to net cash provided by continuing operating activities: | ||
| Depreciation and amortization | 12,924 | 17,328 |
| Stock-based compensation expense | 19,003 | 25,847 |
| Reduction in carrying amount of right-of-use assets | 4,641 | 4,536 |
| Impairment of long-lived assets | 1,070 | — |
| Other | (833) | (16) |
| Changes in operating assets and liabilities: | ||
| Accounts receivable, net | 1,130 | 1,482 |
| Other current and non-current assets | (366) | 2,956 |
| Accounts payable | 1,421 | 3,907 |
| Accrued and other liabilities | (5,979) | (561) |
| Seller payable | 3,122 | (5,688) |
| Operating lease liabilities | (4,767) | (4,889) |
| Other non-current liabilities | (500) | — |
| Net cash provided by continuing operating activities | 10,652 | 4,903 |
| Cash flows from continuing investing activities: | ||
| Purchases of marketable securities | (20,723) | (31,776) |
| Sale and maturities of marketable securities | 24,029 | 28,100 |
| Purchases of property and equipment | (10,472) | (6,584) |
| Net cash used in continuing investing activities | (7,166) | (10,260) |
| Cash flows from continuing financing activities: | ||
| Repayment of debt | (4,000) | (4,000) |
| Proceeds from issuance of stock-based awards | 27,931 | 3,667 |
| Payments of withholding taxes on stock-based awards | (24,328) | (4,059) |
| Net cash used in continuing financing activities | (397) | (4,392) |
| Net change in cash, cash equivalents and restricted cash from continuing operations | 3,089 | (9,749) |
| Net cash flow used in discontinued operating activities | — | (4,005) |
| Net cash flow used in discontinued investing activities | — | (6,641) |
| Net change in cash, cash equivalents and restricted cash from discontinued operations | — | (10,646) |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | — | (586) |
| Net change in cash, cash equivalents and restricted cash | 3,089 | (20,981) |
| Cash, cash equivalents and restricted cash, beginning of period | 40,488 | 61,469 |
| Cash, cash equivalents and restricted cash, end of period | $43,577 | $40,488 |
| Supplemental disclosures of cash flow information: | ||
| Cash paid for interest | $1,804 | $2,397 |
| Supplemental disclosures of noncash investing and financing activities: | ||
| Purchases of property and equipment included in accounts payable and accrued liabilities | $1,897 | $681 |
| Right-of-use assets obtained in exchange for new lease liabilities | $1,914 | $5,293 |
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