Financial Snapshot

Revenue
$313.8M
TTM
Gross Margin
68.24%
TTM
Net Earnings
-$69.89M
TTM
Current Assets
Q3 2024
Current Liabilities
Q3 2024
Current Ratio
96.02%
Q3 2024
Total Assets
Q3 2024
Total Liabilities
Q3 2024
Book Value
$69.27M
Q3 2024
Cash
Q3 2024
P/E
-2.686
Nov 29, 2024 EST
Free Cash Flow
-$15.78M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020 2019 2018
Revenue $322.0M $288.4M $251.8M $186.0M $163.8M $129.6M
YoY Change 11.67% 14.53% 35.36% 13.55% 26.4%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021 2020 2019 2018
Revenue $322.0M $288.4M $251.8M $186.0M $163.8M $129.6M
Cost Of Revenue $108.2M $96.04M $73.66M $57.87M $51.31M $51.50M
Gross Profit $213.8M $192.3M $178.1M $128.1M $112.5M $78.00M
Gross Profit Margin 66.39% 66.7% 70.75% 68.89% 68.68% 60.19%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021 2020 2019 2018
Selling, General & Admin $62.66M $61.81M $48.81M $28.56M $22.25M $99.20M
YoY Change 1.36% 26.63% 70.89% 28.36% -77.57%
% of Gross Profit 29.31% 32.14% 27.4% 22.29% 19.78% 127.18%
Research & Development $38.00M $37.60M $28.70M $20.70M $19.00M $13.10M
YoY Change 1.06% 31.01% 38.65% 8.95% 45.04%
% of Gross Profit 17.77% 19.55% 16.11% 16.15% 16.89% 16.79%
Depreciation & Amortization $18.73M $14.03M $9.155M $5.581M $4.274M $4.170M
YoY Change 33.49% 53.28% 64.04% 30.58% 2.49%
% of Gross Profit 8.76% 7.3% 5.14% 4.36% 3.8% 5.35%
Operating Expenses $285.6M $281.8M $240.5M $174.7M $149.3M $112.3M
YoY Change 1.35% 17.17% 37.65% 17.03% 32.96%
Operating Profit -$71.84M -$89.49M -$62.39M -$46.59M -$36.81M -$34.30M
YoY Change -19.72% 43.44% 33.91% 26.58% 7.31%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021 2020 2019 2018
Interest Expense $2.239M $805.0K $2.275M $1.305M $1.428M -$400.0K
YoY Change 178.14% -64.62% 74.33% -8.61% -457.0%
% of Operating Profit
Other Income/Expense, Net $2.847M -$1.957M $1.565M $73.00K $74.00K $500.0K
YoY Change -245.48% -225.05% 2043.84% -1.35% -85.2%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021 2020 2019 2018
Pretax Income -$71.23M -$92.25M -$63.10M -$47.82M -$38.16M -$34.10M
YoY Change -22.79% 46.2% 31.94% 25.31% 11.91%
Income Tax $19.00K $35.00K $80.00K $56.00K $36.00K $0.00
% Of Pretax Income
Net Earnings -$71.25M -$92.28M -$63.18M -$47.88M -$38.20M -$34.20M
YoY Change -22.79% 46.07% 31.95% 25.34% 11.69%
Net Earnings / Revenue -22.13% -32.0% -25.09% -25.74% -23.32% -26.39%
Basic Earnings Per Share -$0.68 -$0.92 -$0.82 -$4.14 -$3.72
Diluted Earnings Per Share -$0.68 -$0.92 -$0.82 -$4.14 -$3.72 -$376.2K

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021 2020 2019 2018
Cash & Short-Term Investments $64.18M $104.9M $205.8M $64.50M $85.60M $14.90M
YoY Change -38.83% -49.02% 219.11% -24.65% 474.5%
Cash & Equivalents $56.08M $38.03M $84.55M $64.50M $85.60M $6.600M
Short-Term Investments $8.100M $66.90M $121.3M $0.00 $8.300M
Other Short-Term Assets $6.204M $7.076M $8.625M $4.500M $2.000M $1.500M
YoY Change -12.32% -17.96% 91.67% 125.0% 33.33%
Inventory $15.69M $17.52M $9.825M $3.500M $3.900M $6.200M
Prepaid Expenses
Receivables $7.813M $4.669M $4.136M $1.800M $2.100M $1.400M
Other Receivables $0.00 $0.00 $0.00 $900.0K $800.0K $800.0K
Total Short-Term Assets $93.89M $134.2M $228.4M $75.20M $94.40M $24.80M
YoY Change -30.04% -41.25% 203.74% -20.34% 280.65%
Property, Plant & Equipment $129.8M $138.6M $94.81M $64.80M $26.10M $20.90M
YoY Change -6.38% 46.23% 46.31% 148.28% 24.88%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $6.176M $7.027M $11.52M $3.000M $2.100M $1.500M
YoY Change -12.11% -38.98% 283.83% 42.86% 40.0%
Total Long-Term Assets $156.1M $167.8M $132.4M $67.70M $28.20M $22.40M
YoY Change -6.96% 26.69% 95.59% 140.07% 25.89%
Total Assets $250.0M $301.9M $360.8M $142.9M $122.6M $47.20M
YoY Change
Accounts Payable $9.457M $7.800M $13.34M $9.400M $4.900M $5.200M
YoY Change 21.24% -41.51% 41.87% 91.84% -5.77%
Accrued Expenses $20.28M $25.98M $23.87M $18.30M $12.80M $6.400M
YoY Change -21.93% 8.81% 30.46% 42.97% 100.0%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $3.838M $3.879M $7.768M $3.300M $2.700M $4.000M
YoY Change -1.06% -50.06% 135.39% 22.22% -32.5%
Total Short-Term Liabilities $76.67M $84.41M $89.41M $62.60M $43.10M $30.30M
YoY Change -9.17% -5.59% 42.83% 45.24% 42.24%
Long-Term Debt $22.01M $25.79M $27.56M $31.20M $14.50M $4.900M
YoY Change -14.67% -6.43% -11.67% 115.17% 195.92%
Other Long-Term Liabilities $47.37M $51.75M $38.12M $24.30M $1.200M $1.100M
YoY Change -8.45% 35.75% 56.87% 1925.0% 9.09%
Total Long-Term Liabilities $69.38M $77.53M $65.68M $55.50M $15.70M $6.000M
YoY Change -10.52% 18.05% 18.34% 253.5% 161.67%
Total Liabilities $146.1M $161.9M $155.1M $118.0M $58.90M $36.30M
YoY Change -9.82% 4.42% 31.43% 100.34% 62.26%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2023 2022 2021 2020 2019 2018
Basic Shares Outstanding 104.9M shares 99.82M shares 77.09M shares 11.57M shares 10.27M shares
Diluted Shares Outstanding 104.9M shares 99.82M shares 77.09M shares 11.57M shares 10.27M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $187.7 Million

About ThredUp Inc.

thredUP, Inc. operates as an online clothing resale platform for apparel, shoes, and accessories. The company is headquartered in Oakland, California and currently employs 2,377 full-time employees. The company went IPO on 2021-03-26. The firm's custom-built operating platform consists of distributed processing infrastructure, software and systems and data science expertise. Its operating platform is the foundation for its managed marketplace where the Company has bridged online and offline technology to make the buying and selling of tens of millions of items simple. The marketplaces the Company has built enable buyers in the United States and in Europe to browse and purchase resale items for primarily apparel, shoes and accessories across a range of price points. Buyers get shopping value, premium and luxury brands all in one place, at up to 90% off estimated retail price. In addition to the Company's core marketplace, various brands and retailers are using its resale-as-a-service (RaaS) offering, which allows them to conveniently offer a scalable closet clean out service and/or resale shop to their customers.

Industry: Retail-Catalog & Mail-Order Houses Peers: AMAZON COM INC 1stdibs.com, Inc. A.K.A. BRANDS HOLDING CORP. Quotient Technology Inc. DULUTH HOLDINGS INC. Groupon, Inc. LANDS' END, INC. Lulu's Fashion Lounge Holdings, Inc. Porch Group, Inc.