7 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
| FY | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| 2025 | $311M | -$20M | 79.4% | -7.0% | $180000 | $18M | $39M |
| 2024 | $260M | -$77M | 79.7% | -15.6% | -$2M | $22M | $32M |
| 2023 | $259M | -$71M | 76.8% | -20.5% | -$23M | $26M | $54M |
| 2022 | $288M | -$92M | 66.7% | -31.0% | — | $30M | $38M |
| 2021 | $252M | -$63M | 70.7% | -24.8% | — | $35M | $85M |
| 2020 | $186M | -$48M | 68.9% | -25.0% | — | $34M | $64M |
| 2019 | $164M | -$38M | 68.7% | -22.5% | — | — | — |
| Quarter | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| Mar '26 | $82M | -$6M | 79.2% | -8.1% | $643000 | $18M | $39M |
| Dec '25 | $80M | -$6M | 79.6% | -8.4% | — | $18M | $39M |
| Sep '25 | $82M | -$4M | 79.4% | -5.3% | — | $19M | $46M |
| Jun '25 | $78M | -$5M | 79.5% | -6.8% | — | $20M | $41M |
| Mar '25 | $71M | -$5M | 79.1% | -7.6% | $4M | $21M | $41M |
| Dec '24 | $67M | -$22M | 80.4% | -12.1% | — | $22M | $32M |
| Sep '24 | $62M | -$25M | 79.3% | -17.0% | $1M | $23M | $44M |
| Jun '24 | $67M | -$14M | 78.8% | -14.4% | -$6M | $24M | $45M |
| Mar '24 | $65M | -$17M | 80.1% | -19.2% | $267000 | $25M | $50M |
| Dec '23 | $18M | -$15M | 195.9% | 22.9% | -$7M | $26M | $54M |
| Sep '23 | $82M | -$18M | 69.0% | -22.2% | -$1M | $27M | $69M |
| Jun '23 | $83M | -$19M | 67.4% | -22.6% | -$17M | $28M | $51M |
| Mar '23 | $76M | -$20M | 67.3% | -26.6% | -$10M | $29M | $51M |
| Dec '22 | $71M | -$19M | 63.1% | -23.0% | -$19M | $30M | $38M |
| Sep '22 | $68M | -$24M | 65.5% | -35.6% | -$24M | $31M | $37M |
| Jun '22 | $76M | -$28M | 68.9% | -37.1% | -$33M | $31M | $52M |
| Mar '22 | $73M | -$21M | 69.1% | -28.3% | -$19M | $33M | $69M |
| Dec '21 | $73M | -$18M | 66.1% | -25.1% | -$26M | $35M | $85M |
| Sep '21 | $63M | -$15M | 72.8% | -24.5% | -$11M | $37M | $161M |
| Jun '21 | $60M | -$14M | 73.6% | -23.2% | -$15M | $39M | $173M |
How the market has priced TDUP against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
Over the past 5 years, Thredup Inc.'s revenue has grown 10.8% per year. These are computed facts, not advice.
As of FY2025, Thredup Inc. reported $18M of total debt against $39M of cash; operating income covered interest expense -11.3×.
In FY2025, gross margin was 79.4%, operating margin -7.0%, and net margin -6.5%.
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.