TDUPThredUp Inc.

$478M

Q4 2025 Earnings

Consumer Cyclical Specialty Retail

Income Statement

Revenue

$80M+188.1% YoY

Gross Profit

$67M83.5% margin

Operating Income

-$5M-6.5% margin

Net Income

-$6M-7.0% margin

EPS (Diluted)

$-0.04

QoQ Revenue Growth

-3.0%

Cash Flow

Operating Cash Flow

-$1M

Free Cash Flow

-$3M

Stock-Based Comp.

$5M

Balance Sheet

Total Assets

$167M

Total Liabilities

$108M

Stockholders' Equity

$59M

Cash & Equivalents

$39M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$80M	$28M	+188.1%
Gross Profit	$67M	$44M	+52.3%
Operating Income	-$5M	$15M	-133.7%
Net Income	-$6M	-$22M	+74.3%

Revenue Segments

Gift Card Breakage

$2M100%

TDUP Q4 2025 Earnings — ThredUp Inc. Revenue & Financial Results | Market Cap Arena