Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|
| Revenue | $164M | $186M | $252M | $288M | $259M | $260M | $311M |
| Revenue growth | — | 13.6% | 35.4% | 14.5% | -10.4% | 0.6% | 19.5% |
| Gross profit | $113M | $128M | $178M | $192M | $198M | $207M | $247M |
| Gross margin | 68.7% | 68.9% | 70.7% | 66.7% | 76.8% | 79.7% | 79.4% |
| Operating income | -$36.8M | -$46.6M | -$62.4M | -$89.5M | -$53.0M | -$40.6M | -$21.7M |
| Operating margin | -22.5% | -25.0% | -24.8% | -31.0% | -20.5% | -15.6% | -7.0% |
| Net income | -$38.2M | -$47.9M | -$63.2M | -$92.3M | -$71.2M | -$77.0M | -$20.2M |
| Net margin | -23.3% | -25.7% | -25.1% | -32.0% | -27.6% | -29.6% | -6.5% |
| EPS (diluted) | -$3.72 | -$4.14 | -$0.82 | -$0.92 | -$0.68 | -$0.69 | -$0.17 |
| Fiscal year | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|
| Operating cash flow | -$10.1M | -$19.1M | -$35.0M | -$52.1M | -$9.82M | $4.90M | $10.7M |
| Capital expenditures | $9.50M | $19.4M | $19.8M | $43.3M | $13.1M | $6.58M | $10.5M |
| Free cash flow | -$19.6M | -$38.5M | -$54.8M | -$95.4M | -$22.9M | -$1.68M | $180K |
| Fiscal year | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|
| Cash & equivalents | $87.9M | $64.5M | $84.5M | $38.0M | $54.3M | $31.9M | $38.6M |
| Total assets | — | $143M | $361M | $302M | $250M | $171M | $167M |
| Total liabilities | — | $118M | $155M | $162M | $146M | $115M | $108M |
| Long-term debt | — | $31.2M | $27.6M | $25.8M | $22.0M | $18.2M | $14.3M |
| Shareholders' equity | -$183M | -$222M | $206M | $140M | $104M | $56.3M | $59.2M |
| Retained earnings | — | -$252M | -$315M | -$408M | -$479M | -$556M | -$576M |
| Shares (wtd avg diluted) | 10.3M | 11.6M | 77.1M | 99.8M | 105M | 112M | 122M |
Every figure is extracted from ThredUp Inc.’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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