ThredUp annual operating expenses
2019
2020
2021
2022
2023
2024
2025
ThredUp Operating Expenses Growth & History (TDUP)
ThredUp's operating expenses was $268.5M for fiscal 2025.
View full ThredUp company overviewThredUp annual operating expenses history
| Fiscal year | Period ended | Operating expenses | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $268.5M | $20.8M | +8.38% |
| 2024 | 2024-12-31 | $247.7M | −$3.7M | −1.48% |
| 2023 | 2023-12-31 | $251.5M | −$30.4M | −10.77% |
| 2022 | 2022-12-31 | $281.8M | $41.3M | +17.17% |
| 2021 | 2021-12-31 | $240.5M | $65.8M | +37.65% |
| 2020 | 2020-12-31 | $174.7M | $25.4M | +17.03% |
| 2019 | 2019-12-31 | $149.3M | — | — |
ThredUp quarterly operating expenses
Q1.20
Q2.20
Q3.20
Q4.20
Q1.21
Q2.21
Q3.21
Q4.21
Q1.22
Q2.22
Q3.22
Q4.22
Q1.23
Q2.23
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Operating expenses | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $78.6M | $11.7M | +17.40% |
| Q1 2026 | 2026-03-31 | $71.2M | $9.4M | +15.28% |
| Q4 2025 | 2025-12-31 | $70.1M | $7.9M | +12.62% |
| Q3 2025 | 2025-09-30 | $69.6M | $10.4M | +17.53% |
| Q2 2025 | 2025-06-30 | $67.0M | $4.8M | +7.75% |
| Q1 2025 | 2025-03-31 | $61.8M | −$2.3M | −3.59% |
| Q4 2024 | 2024-12-31 | $62.3M | $31.3M | +101.30% |
| Q3 2024 | 2024-09-30 | $59.2M | −$15.6M | −20.85% |
| Q2 2024 | 2024-06-30 | $62.2M | −$12.3M | −16.50% |
| Q1 2024 | 2024-03-31 | $64.1M | −$7.2M | −10.06% |
| Q4 2023 | 2023-12-31 | $30.9M | −$30.4M | −49.59% |
| Q3 2023 | 2023-09-30 | $74.8M | $6.1M | +8.93% |
| Q2 2023 | 2023-06-30 | $74.4M | −$6.5M | −8.07% |
| Q1 2023 | 2023-03-31 | $71.3M | $473,000 | +0.67% |
| Q4 2022 | 2022-12-31 | $61.4M | −$5.2M | −7.75% |
| Q3 2022 | 2022-09-30 | $68.7M | $7.1M | +11.52% |
| Q2 2022 | 2022-06-30 | $81.0M | $23.0M | +39.58% |
| Q1 2022 | 2022-03-31 | $70.8M | $16.4M | +30.16% |
| Q4 2021 | 2021-12-31 | $66.5M | $20.5M | +44.65% |
| Q3 2021 | 2021-09-30 | $61.6M | $18.2M | +42.04% |
| Q2 2021 | 2021-06-30 | $58.0M | $18.5M | +46.94% |
| Q1 2021 | 2021-03-31 | $54.4M | $8.5M | +18.49% |
| Q4 2020 | 2020-12-31 | $46.0M | — | — |
| Q3 2020 | 2020-09-30 | $43.4M | — | — |
| Q2 2020 | 2020-06-30 | $39.5M | — | — |
| Q1 2020 | 2020-03-31 | $45.9M | — | — |
ThredUp operating expenses trends
Over the last five fiscal years, ThredUp's operating expenses increased from $174.7M to $268.5M, a change of $93.8M. The latest reported quarter, Q2 2026, shows $78.6M.
About the metric
What operating expenses mean
Operating expenses are the recurring costs of running a company’s business beyond the direct costs used to calculate gross profit. They commonly include selling, general and administrative expenses, research and development, and other operating costs.
Calculation and source
SEC-reported and calculated operating expenses
TickerStat uses operating expenses reported in company SEC filings when available. When a separate total is unavailable, it calculates operating expenses as aligned gross profit minus operating income for the same fiscal period. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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