Buy Like Buffett
Watchlist

Flagship explainer

How ThredUp Inc. makes its money

Start with a dollar of revenue and follow what the filing says remains.

revenueBranching filed flows with values and percentages directly labeled. Missing filing concepts are omitted rather than estimated.Revenue$311M · 100%Cost of revenue$64.1M · 21%Gross profit$247M · 79%Operating income−$21.7M · −7%Income before tax−$20.2M · −6%Income tax$59000 · 0%Net income−$20.2M · −7%As of 2025-12-31 · 1 SEC filing sourceBuy Like Buffett · buylikebuffett.com

Honest partial: the filing did not provide a normalized tag for Research and development, Selling, general and administrative; those components are omitted, not plugged.

Table alternative
Filed lineValue% of revenueSource
$311M100%
  • 10-K · FY 2025Filing detailsAccession 0001484778-26-000007 · filed Mar 2, 2026
Cost of revenue$64.1M21%
  • 10-K · FY 2025Filing detailsAccession 0001484778-26-000007 · filed Mar 2, 2026
$247M79%
  • 10-K · FY 2025Filing detailsAccession 0001484778-26-000007 · filed Mar 2, 2026
−$21.7M−7%
  • 10-K · FY 2025Filing detailsAccession 0001484778-26-000007 · filed Mar 2, 2026
Income before tax−$20.2M−6%
  • 10-K · FY 2025Filing detailsAccession 0001484778-26-000007 · filed Mar 2, 2026
Income tax$590000%
  • 10-K · FY 2025Filing detailsAccession 0001484778-26-000007 · filed Mar 2, 2026
−$20.2M−7%
  • 10-K · FY 2025Filing detailsAccession 0001484778-26-000007 · filed Mar 2, 2026
Source:
  • 10-K · FY 2025Filing detailsAccession 0001484778-26-000007 · filed Mar 2, 2026
· event Dec 31, 2025 · retrieved Oct 17, 2026 · annual-row source set
Embed this chart

View the full ThredUp Inc. analysis at Buy Like Buffett