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Side-by-side financial comparison of JBG SMITH Properties (JBGS) and ThredUp Inc. (TDUP). Click either name above to swap in a different company.
JBG SMITH Properties is the larger business by last-quarter revenue ($127.6M vs $79.7M, roughly 1.6× ThredUp Inc.). ThredUp Inc. runs the higher net margin — -7.0% vs -35.7%, a 28.7% gap on every dollar of revenue. On growth, ThredUp Inc. posted the faster year-over-year revenue change (18.5% vs -2.5%). Over the past eight quarters, ThredUp Inc.'s revenue compounded faster (11.1% CAGR vs -6.3%).
JBG SMITH PropertiesJBGSEarnings & Financial Report
JBG SMITH Properties is a publicly traded real estate investment trust based in Bethesda, Maryland.
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.
JBGS vs TDUP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $127.6M | $79.7M |
| Net Profit | $-45.5M | $-5.6M |
| Gross Margin | — | 79.6% |
| Operating Margin | -47.5% | -8.4% |
| Net Margin | -35.7% | -7.0% |
| Revenue YoY | -2.5% | 18.5% |
| Net Profit YoY | 24.0% | 74.3% |
| EPS (diluted) | $-0.76 | $-0.06 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $127.6M | $79.7M | ||
| Q3 25 | $123.9M | $82.2M | ||
| Q2 25 | $126.5M | $77.7M | ||
| Q1 25 | $120.7M | $71.3M | ||
| Q4 24 | $130.8M | $67.3M | ||
| Q3 24 | $136.0M | $61.5M | ||
| Q2 24 | $135.3M | $66.7M | ||
| Q1 24 | $145.2M | $64.5M |
| Q4 25 | $-45.5M | $-5.6M | ||
| Q3 25 | $-28.6M | $-4.2M | ||
| Q2 25 | $-19.2M | $-5.2M | ||
| Q1 25 | $-45.7M | $-5.2M | ||
| Q4 24 | $-59.9M | $-21.7M | ||
| Q3 24 | $-27.0M | $-24.8M | ||
| Q2 24 | $-24.4M | $-14.0M | ||
| Q1 24 | $-32.3M | $-16.6M |
| Q4 25 | — | 79.6% | ||
| Q3 25 | — | 79.4% | ||
| Q2 25 | — | 79.5% | ||
| Q1 25 | — | 79.1% | ||
| Q4 24 | — | 80.4% | ||
| Q3 24 | — | 79.3% | ||
| Q2 24 | — | 78.8% | ||
| Q1 24 | — | 80.1% |
| Q4 25 | -47.5% | -8.4% | ||
| Q3 25 | -27.5% | -5.3% | ||
| Q2 25 | -18.4% | -6.8% | ||
| Q1 25 | -44.7% | -7.6% | ||
| Q4 24 | -53.6% | -12.1% | ||
| Q3 24 | -22.4% | -17.0% | ||
| Q2 24 | -24.3% | -14.4% | ||
| Q1 24 | -30.1% | -19.2% |
| Q4 25 | -35.7% | -7.0% | ||
| Q3 25 | -23.1% | -5.2% | ||
| Q2 25 | -15.2% | -6.7% | ||
| Q1 25 | -37.9% | -7.3% | ||
| Q4 24 | -45.8% | -32.3% | ||
| Q3 24 | -19.8% | -40.3% | ||
| Q2 24 | -18.0% | -20.9% | ||
| Q1 24 | -22.2% | -25.7% |
| Q4 25 | $-0.76 | $-0.06 | ||
| Q3 25 | $-0.48 | $-0.03 | ||
| Q2 25 | $-0.29 | $-0.04 | ||
| Q1 25 | $-0.56 | $-0.04 | ||
| Q4 24 | $-0.70 | $-0.19 | ||
| Q3 24 | $-0.32 | $-0.22 | ||
| Q2 24 | $-0.27 | $-0.13 | ||
| Q1 24 | $-0.36 | $-0.15 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $75.3M | $38.6M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.2B | $59.2M |
| Total Assets | $4.4B | $167.2M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $75.3M | $38.6M | ||
| Q3 25 | $64.4M | $46.2M | ||
| Q2 25 | $61.4M | $41.0M | ||
| Q1 25 | $81.3M | $41.1M | ||
| Q4 24 | $145.8M | $31.9M | ||
| Q3 24 | $137.0M | $43.7M | ||
| Q2 24 | $163.5M | $44.8M | ||
| Q1 24 | $220.5M | $50.1M |
| Q4 25 | $1.2B | $59.2M | ||
| Q3 25 | $1.2B | $59.1M | ||
| Q2 25 | $1.3B | $60.2M | ||
| Q1 25 | $1.6B | $56.1M | ||
| Q4 24 | $1.8B | $56.3M | ||
| Q3 24 | $1.9B | $69.3M | ||
| Q2 24 | $2.0B | $86.5M | ||
| Q1 24 | $2.1B | $93.5M |
| Q4 25 | $4.4B | $167.2M | ||
| Q3 25 | $4.4B | $172.5M | ||
| Q2 25 | $4.5B | $173.6M | ||
| Q1 25 | $4.7B | $172.5M | ||
| Q4 24 | $5.0B | $171.2M | ||
| Q3 24 | $5.2B | $214.9M | ||
| Q2 24 | $5.3B | $231.2M | ||
| Q1 24 | $5.4B | $244.3M |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $73.3M | $-1.5M |
| Free Cash FlowOCF − Capex | — | $-3.2M |
| FCF MarginFCF / Revenue | — | -4.0% |
| Capex IntensityCapex / Revenue | — | 2.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $180.0K |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $73.3M | $-1.5M | ||
| Q3 25 | $8.9M | $6.0M | ||
| Q2 25 | $18.8M | $344.0K | ||
| Q1 25 | $12.9M | $5.7M | ||
| Q4 24 | $129.4M | $663.0K | ||
| Q3 24 | $26.4M | $3.3M | ||
| Q2 24 | $23.8M | $-5.0M | ||
| Q1 24 | $37.0M | $1.4M |
| Q4 25 | — | $-3.2M | ||
| Q3 25 | — | $2.4M | ||
| Q2 25 | — | $-2.9M | ||
| Q1 25 | — | $3.9M | ||
| Q4 24 | — | $-1.8M | ||
| Q3 24 | — | $1.2M | ||
| Q2 24 | — | $-5.8M | ||
| Q1 24 | — | $267.0K |
| Q4 25 | — | -4.0% | ||
| Q3 25 | — | 2.9% | ||
| Q2 25 | — | -3.8% | ||
| Q1 25 | — | 5.5% | ||
| Q4 24 | — | -2.7% | ||
| Q3 24 | — | 2.0% | ||
| Q2 24 | — | -8.7% | ||
| Q1 24 | — | 0.4% |
| Q4 25 | — | 2.2% | ||
| Q3 25 | — | 4.4% | ||
| Q2 25 | — | 4.2% | ||
| Q1 25 | — | 2.5% | ||
| Q4 24 | — | 3.7% | ||
| Q3 24 | — | 3.5% | ||
| Q2 24 | — | 1.3% | ||
| Q1 24 | — | 1.7% |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
