Thredup Inc. income statement

In fiscal 2025, Thredup Inc. reported revenue of $311m, up 19.5% on the year before, operating income of −$21.7m (a -7.0% margin) and net income of −$20.2m, or −$0.17 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Thredup Inc.: income statement, annual
Fiscal year	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMJun 2026
Revenue	164	186	252	288	259	260	311	334
Cost of revenue	51	58	74	96	60	53	64	68
Gross profit	113	128	178	192	198	207	247	266
Research and development	19	21	29	38	33	31	32	—
Selling, general and administrative	22	29	49	62	57	57	57	61
Operating income	−37	−47	−62	−89	−53	−41	−22	−24
Interest expense	1	1	2	1	2	3	2	2
Income before tax	−38	−48	−63	−92	−52	−40	−20	−22
Income tax	0	0	0	0	0	0	0	0
Net income	−38	−48	−63	−92	−71	−77	−20	−22
Diluted EPS	−$3.72	−$4.14	−$0.82	−$0.92	−$0.68	−$0.69	−$0.17	−$0.18
Diluted shares (average)	10m	12m	77m	100m	105m	112m	122m	127m
EBITDA	−33	−41	−53	−75	−39	−23	−9	−10

US$ millions unless shown otherwise. Fiscal quarters.

Thredup Inc.: income statement, quarterly
Quarter	2024 Q3Sept 2024	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026
Revenue	62	67	71	78	82	80	82	91
Cost of revenue	13	13	15	16	17	16	17	18
Gross profit	49	54	56	62	65	63	65	73
Selling, general and administrative	13	14	14	13	15	15	15	16
Operating income	−10	−8	−5	−5	−4	−7	−7	−6
Interest expense	1	1	1	0	0	0	0	0
Income before tax	−10	−8	−5	−5	−4	−6	−6	−6
Income tax	0	0	0	0	−0	0	0	0
Net income	−25	−22	−5	−5	−4	−6	−6	−6
Diluted EPS	−$0.22	−$0.19	−$0.04	−$0.04	−$0.03	−$0.05	−$0.05	−$0.05
EBITDA	−7	−2	−2	−2	−1	−3	−3	−2

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

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Figures from Thredup Inc.'s SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Thredup Inc.