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ThredUp Inc.

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
 
In millions, except per share itemsDec-31-22Dec-31-21Dec-31-20Dec-31-19Dec-31-18
   10-K10-K10-K10-KS-1
Revenue:       
Total revenue  288.4251.8186.0163.8129.6
            Total revenue growth  14.5%35.4%13.6%26.4% 
Cost of revenue:       
Total cost of revenue  96.073.757.951.351.5
    Gross profit  192.3178.1128.1112.578.0
            Gross margin  66.7%70.7%68.9%68.7%60.2%
   
Operating expenses:       
Marketing  64.463.644.845.027.2
Sales, general, and administrative  126.2112.473.367.244.4
    Total operating expenses  281.8240.5174.7149.3112.3
    Operating loss  -89.5-62.4-46.6-36.8-34.3
            Operating margin  -31.0%-24.8%-25.0%-22.5%-26.4%
Interest expense  -0.8-2.3-1.3-1.4-0.4
Other income, net  2.0-1.6-0.1-0.1-0.5
    Loss before provision for income taxes  -92.2-63.1-47.8-38.2-34.1
Provision for income taxes  0.00.10.10.00.0
    Net loss  -92.3-63.2-47.9-38.2-34.2
   
Loss per share, basic (in dollars per share)  ($0.92)($0.82)($4.14)($3.72)($3.41)
Loss per share, diluted (in dollars per share)  ($0.92)($0.82)($4.14)($3.72)($3.41)
   
Weighted-average shares used in computing loss per share, basic (in shares)  99.877.111.610.310.0
Weighted-average shares used in computing loss per share, diluted (in shares)  99.877.111.610.310.0

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