ThredUp (TDUP) Balance Sheet: Assets & Liabilities

ThredUp (TDUP) Balance Sheet

As of Dec 31, 2025 (end of fiscal 2025), ThredUp reported total assets of $167.25M and total liabilities of $108.05M. Shareholders' equity was $59.19M, up 5.1% from $56.30M a year earlier. Total debt stood at $52.13M against $48.13M in cash and short-term investments, a net debt position of $4.00M. That puts debt-to-equity at 0.88, compared with 1.05 a year earlier.

ThredUp Balance Sheet Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Balance sheet showing assets, liabilities, and shareholders' equity for ThredUp Inc. (TDUP) - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018
Current Assets
Cash and Cash Equivalents	38.63	31.85	56.08	38.03	84.55	64.49	85.63	6.65
Short-Term Investments	9.50	12.33	8.10	66.90	121.28	0.00	0.00	8.27
Cash & Short-Term Investments	48.13	44.18	64.18	104.93	205.83	64.49	85.63	14.92
Accounts Receivable	2.44	3.57	7.81	4.67	4.14	1.82	2.88	2.19
Inventory	0.00	0.69	15.69	17.52	9.83	3.52	3.89	6.18
Other Current Assets	6.11	8.49	6.20	7.08	8.63	5.33	2.01	2.31
Total Current Assets	56.68	56.92	93.89	134.20	228.41	75.16	94.42	24.83
Non-Current Assets
Property, Plant & Equipment (Net)	92.62	97.33	129.79	138.64	94.81	64.79	26.05	20.89
Long-Term Investments	0.00	0.00	0.00	0.00	0.00	0.00	0.00	1.37
Goodwill	10.75	10.75	11.96	11.59	12.24	0.00	0.00	0.00
Intangible Assets	0.00	0.00	8.16	10.50	13.85	0.00	0.00	0.00
Other Non-Current Assets	7.20	6.22	6.18	7.03	11.52	2.97	2.09	0.16
Total Non-Current Assets	110.57	114.30	156.08	167.75	132.41	67.75	28.14	22.41
Total Assets	167.25	171.23	249.97	301.95	360.83	142.91	122.56	47.24
Current Liabilities
Accounts Payable	28.59	23.47	9.46	23.97	32.46	9.39	14.18	5.24
Short-Term Debt	9.28	8.20	9.79	3.88	11.70	3.27	2.74	4.05
Current Portion of Long-Term Debt	3.88	3.86	3.84	3.88	7.77	3.27	-	-
Accrued Liabilities	24.51	29.86	29.42	10.25	7.78	10.10	-	-
Deferred Revenue	9.60	15.56	17.78	25.68	19.10	14.46	10.11	3.90
Other Current Liabilities	14.91	11.69	34.68	16.17	20.42	17.11	12.10	17.11
Total Current Liabilities	62.38	61.52	76.67	84.41	89.41	62.56	43.14	30.31
Non-Current Liabilities
Long-Term Debt	42.86	50.64	66.63	25.79	64.56	31.19	14.54	4.92
Other Non-Current Liabilities	2.82	2.76	2.75	3.02	1.12	1.92	248.12	1.06
Total Non-Current Liabilities	45.67	53.40	69.38	77.53	65.68	302.52	262.66	5.98
Total Liabilities	108.05	114.92	146.05	161.95	155.09	117.25	305.80	36.29
Stockholders' Equity
Common Stock	0.01	0.01	0.01	0.01	0.01	0.00	0.00	0.00
Retained Earnings	-576.08	-555.86	-478.88	-407.63	-315.34	-252.17	-203.73	-165.53
Accumulated Other Comprehensive Income	0.00	0.00	-2.38	-4.23	-1.09	0.00	0.00	0.00
Additional Paid-in Capital	635.25	612.15	585.16	551.85	522.16	29.99	20.48	12.08
Shares Outstanding	127.03	116.13	108.78	101.53	98.44	-	-	-
Total Stockholders' Equity	59.19	56.30	103.92	140.00	205.73	25.66	-183.24	10.95
Total Liabilities & Equity	167.25	171.23	249.97	301.95	360.83	142.91	122.56	47.24

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About ThredUp Balance Sheet

How much debt does ThredUp have?

ThredUp had total debt of $52.13M as of Dec 31, 2025, against $48.13M in cash and short-term investments. Its debt-to-equity ratio was 0.88. Total debt was $58.84M a year earlier.

What are ThredUp's total assets?

ThredUp reported total assets of $167.25M as of Dec 31, 2025, down 2.3% from $171.22M a year earlier. Total liabilities were $108.05M.

What is ThredUp's shareholders' equity?

ThredUp's shareholders' equity was $59.19M as of Dec 31, 2025, or about $0.47 of book value per share.

What is the debt-to-equity ratio?

The debt-to-equity ratio divides a company's total debt by its shareholders' equity. It shows how much of the business is financed with borrowed money; normal levels vary widely by industry. Full definition