ThredUp Inc.TDUPEarnings & Financial Report
ThredUp Inc. is an American company that operates an online resale platform specializing in the sale of second-hand clothing, footwear, and accessories. Founded in 2009 and headquartered in Oakland, California, it has established itself as one of the leading resale fashion marketplaces.
TDUP Q1 FY2026 Key Financial Metrics
Revenue
$81.7M
Gross Profit
$64.7M
Operating Profit
$10.4M
Net Profit
$-6.5M
Gross Margin
79.2%
Operating Margin
12.8%
Net Margin
-7.9%
YoY Growth
14.6%
EPS
$-0.05
ThredUp Inc. Q1 FY2026 Financial Summary
ThredUp Inc. reported revenue of $81.7M (up 14.6% YoY) for Q1 FY2026, with a net profit of $-6.5M (down 24.1% YoY) (-7.9% margin). Cost of goods sold was $17.0M, operating expenses totaled $54.2M.
Key Financial Metrics
| Total Revenue | $81.7M |
|---|---|
| Net Profit | $-6.5M |
| Gross Margin | 79.2% |
| Operating Margin | 12.8% |
| Report Period | Q1 FY2026 |
ThredUp Inc. Annual Revenue by Year
ThredUp Inc. annual revenue history includes year-by-year totals (for example, 2025 revenue was $310.8M).
ThredUp Inc. Quarterly Revenue & Net Profit History
ThredUp Inc. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q1 FY2026 | $81.7M | +14.6% | $-6.5M | -7.9% |
| Q4 FY2025 | $79.7M | +18.5% | $-5.6M | -7.0% |
| Q3 FY2025 | $82.2M | +33.6% | $-4.2M | -5.2% |
| Q2 FY2025 | $77.7M | +16.4% | $-5.2M | -6.7% |
| Q1 FY2025 | $71.3M | +10.5% | $-5.2M | -7.3% |
| Q4 FY2024 | $67.3M | +276.3% | $-21.7M | -32.3% |
| Q3 FY2024 | $61.5M | -25.0% | $-24.8M | -40.3% |
| Q2 FY2024 | $66.7M | -19.3% | $-14.0M | -20.9% |
Income Statement
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $66.7M | $61.5M | $67.3M | $71.3M | $77.7M | $82.2M | $79.7M | $81.7M |
| YoY Growth | -19.3% | -25.0% | 276.3% | 10.5% | 16.4% | 33.6% | 18.5% | 14.6% |
Balance Sheet
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $231.2M | $214.9M | $171.2M | $172.5M | $173.6M | $172.5M | $167.2M | $172.4M |
| Liabilities | $144.7M | $145.7M | $114.9M | $116.4M | $113.4M | $113.4M | $108.1M | $113.0M |
| Equity | $86.5M | $69.3M | $56.3M | $56.1M | $60.2M | $59.1M | $59.2M | $59.4M |
Cash Flow
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $-5.0M | $3.3M | $663000 | $5.7M | $344000 | $6.0M | $-1.5M | $4.8M |