The company has not filed an annual or quarterly report since its Q3 FY2022 10-Q, filed Nov 10, 2022. Its latest SEC filing is a SC 13G/A from Feb 14, 2023.
10-Q for Q3 FY2022, filed Nov 10, 2022
The sections below describe the company as of the FY2021 annual report.
Runs an online social marketplace where individuals and businesses buy and sell secondhand and new apparel, accessories and lifestyle goods.
10-K for FY2021, filed Mar 30, 2022We are a social marketplace that combines the human connection of a physical shopping experience with the scale, reach, ease, and selection…View ↗
We empower people to sell a few items or to become successful entrepreneurs by providing them with end-to-end seller tools. We refer to…View ↗
Our social features make the discovery and purchase process simple and enticing for buyers, fostering high engagement and retention. We…View ↗
Sellers pay Poshmark a fee when their listed items sell, and buyers pay for shipping labels when they purchase items. The seller fee is charged when payment is processed; the shipping-label fee is earned when the label is sent to the seller.
10-K for FY2021, filed Mar 30, 2022The Company recognizes revenue when it satisfies its performance obligations. The Company considers both sellers and buyers to be…View ↗
Sellers are able to list their items for sale on the Company’s platform at no charge. The Company charges a fee upon the sale of items…View ↗
Revenue is recognized at the point in time the Company satisfies its performance obligation to facilitate the sale of a listed item. This…View ↗
When a sale is finalized, the buyer purchases a shipping label from United States Postal Service (USPS), through the Poshmark platform. The…View ↗
Revenue from shipping facilitation is recognized upon transfer of the shipping label to the seller on behalf of the buyer.View ↗
$326M
10-K for FY2021, filed Mar 30, 2022
$326M ↗
Consumers buy and sellers list directly on Poshmark's marketplace; sellers range from casual and professional sellers to brands and retailers.
10-K for FY2021, filed Mar 30, 2022We empower people to sell a few items or to become successful entrepreneurs by providing them with end-to-end seller tools. We refer to…View ↗
Our social features make the discovery and purchase process simple and enticing for buyers, fostering high engagement and retention. We…View ↗
Easy and simple to rotate a closet or build and grow a business. End-to-end tools make selling a superpower through robust listing…View ↗
The Company recognizes revenue when it satisfies its performance obligations. The Company considers both sellers and buyers to be…View ↗
Not on paper. It lost $98.3M in FY2021, but brought in more cash than it spent: $26.7M of free cash flow.
10-K for FY2021, filed Mar 30, 2022
−$44.4MView ↗
10-K for FY2021, filed Mar 30, 2022
−$98.3MView ↗
10-K for FY2021, filed Mar 30, 2022
$26.7MView ↗
8-K, filed Jan 5, 2023
At the Effective time, each share of Class A common stock, par value $0.0001 per share, of the Company (the “Class A Common Stock”), and…View ↗
8-K, filed Oct 4, 2022
Upon the terms and subject to the conditions set forth in the Merger Agreement, at the effective time of the Merger (the “Effective Time”)…View ↗
Grew. Revenue grew 2.2x in 3 years, from $148.3M in FY2018 to $326M in FY2021, about 30% a year.
Competes with Amazon, eBay, Etsy, Facebook, Mercari, Shopify, T.J.Maxx, and Walmart
10-K for FY2021, filed Mar 30, 2022We face competition for both our buyers and our sellers from a wide range of competitors, which include both online or offline retailers…View ↗
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