ThredUp Inc.

TDUP · XNAS

CIK 1484778fmd_05FC02V48PMV397W94WYV7E7C6Retail Trade · Retail-Catalog & Mail-Order HousesTemplate: Standard

Coverage: Jan 01, 2019 to Sep 30, 2026, 28 periods

Income Statement · Annual · Millions · USD
Line item	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Total revenues	164	186	252	288	259	260	311
Cost of revenue	51	58	74	96	60	53	64
Gross profit	113	128	178	192	198	207	247
Research and development	19	21	29	38	33	31	32
Selling, general and administrative	22	29	49	62	57	57	57
Total operating expenses	149	175	241	282	251	248	268
Operating income	(37)	(47)	(62)	(89)	(53)	(41)	(22)
Interest expense	1	1	2	1	2	3	2
Other non-operating income (expense)	0	0	2	(2)	3	3	4
Income before taxes	(38)	(48)	(63)	(92)	(52)	(40)	(20)
Income tax expense	0	0	0	0	0	0	0
Net income from continuing operations	(38)	(48)	(63)	(92)	(52)	(40)	(20)
Net income	(38)	(48)	(63)	(92)	(71)	(77)	(20)