Quarterly
Annual
| Unit: USD | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
assets | ||||||||||||||||||||||||||
current assets | ||||||||||||||||||||||||||
cash and cash equivalents | 108,422,000 | 94,345,000 | 139,602,000 | 172,212,000 | 153,179,000 | 150,746,000 | 165,996,000 | 175,709,000 | 170,811,000 | 188,890,000 | 247,145,000 | 293,793,000 | 300,439,000 | 315,890,000 | 361,007,000 | 418,171,000 | 444,809,000 | 491,648,000 | 547,859,000 | 350,846,000 | 343,092,000 | 304,348,000 | 134,662,000 | 154,446,000 | 364,995,000 | 53,314,000 |
accounts receivable | 24,342,000 | 22,767,000 | 27,750,000 | 13,961,000 | 15,953,000 | 16,450,000 | 19,819,000 | 17,226,000 | 13,564,000 | 5,994,000 | 8,941,000 | 12,207,000 | 8,753,000 | 6,364,000 | 8,176,000 | 7,767,000 | 6,770,000 | 5,808,000 | 5,994,000 | 7,213,000 | 4,559,000 | 6,312,000 | 3,089,000 | 7,779,000 | 8,935,000 | 9,517,000 |
inventory | 29,698,000 | 28,776,000 | 26,472,000 | 23,583,000 | 19,921,000 | 21,119,000 | 21,120,000 | 22,246,000 | 24,657,000 | 25,904,000 | 30,843,000 | 42,967,000 | 62,974,000 | 74,030,000 | 73,698,000 | 71,015,000 | 63,876,000 | 59,078,000 | 49,502,000 | 42,321,000 | 19,236,000 | 20,705,000 | 24,916,000 | 23,599,000 | 13,846,000 | 12,664,000 |
prepaid expenses and other current assets | 19,961,000 | 14,445,000 | 14,323,000 | 22,913,000 | 22,677,000 | 19,134,000 | 18,387,000 | 20,766,000 | 20,933,000 | 18,866,000 | 24,202,000 | 23,291,000 | 27,095,000 | 20,715,000 | 21,379,000 | 20,859,000 | 22,319,000 | 17,634,000 | 15,267,000 | 17,072,000 | 18,255,000 | 14,950,000 | 11,273,000 | 13,804,000 | 13,071,000 | 10,563,000 |
total current assets | 182,423,000 | 160,333,000 | 208,147,000 | 232,669,000 | 211,730,000 | 207,449,000 | 225,322,000 | 235,947,000 | 229,965,000 | 239,654,000 | 311,131,000 | 372,258,000 | 399,261,000 | 416,999,000 | 464,260,000 | 517,812,000 | 537,774,000 | 574,168,000 | 618,622,000 | 421,469,000 | 437,298,000 | 452,249,000 | 342,532,000 | 408,439,000 | 406,137,000 | 99,430,000 |
property and equipment | 94,709,000 | 98,012,000 | 97,608,000 | 94,443,000 | 95,218,000 | 96,769,000 | 101,327,000 | 104,087,000 | 106,806,000 | 105,775,000 | 101,876,000 | 112,679,000 | 99,506,000 | 92,991,000 | 90,419,000 | 89,286,000 | 83,928,000 | 78,157,000 | 66,637,000 | 63,454,000 | 61,944,000 | 60,000,000 | 59,637,000 | 55,831,000 | 45,715,000 | 40,427,000 |
operating lease right-of-use assets | 68,465,000 | 70,408,000 | 73,972,000 | 75,714,000 | 79,142,000 | 82,952,000 | 84,690,000 | 86,348,000 | 94,680,000 | 91,018,000 | 95,587,000 | 127,955,000 | 132,869,000 | 135,634,000 | 140,489,000 | 145,311,000 | 146,852,000 | 141,360,000 | 143,331,000 | 118,136,000 | 115,013,000 | 118,798,000 | 124,346,000 | |||
restricted cash | 14,859,000 | 14,859,000 | 14,859,000 | 14,911,000 | 14,911,000 | 14,911,000 | 14,910,000 | 14,914,000 | 15,757,000 | 16,805,000 | 11,700,000 | |||||||||||||||
other assets | 5,756,000 | 5,771,000 | 5,781,000 | 5,358,000 | 5,251,000 | 5,342,000 | 5,330,000 | 5,627,000 | 5,473,000 | 5,468,000 | 3,160,000 | 2,749,000 | 2,780,000 | 2,790,000 | 3,266,000 | 2,535,000 | 2,857,000 | 2,816,000 | 2,156,000 | 2,050,000 | 2,020,000 | 3,013,000 | 3,025,000 | 2,660,000 | 1,518,000 | 6,573,000 |
total assets | 366,212,000 | 349,383,000 | 400,367,000 | 423,095,000 | 406,252,000 | 407,423,000 | 431,579,000 | 446,923,000 | 452,681,000 | 458,720,000 | 511,754,000 | 615,641,000 | 634,416,000 | 648,414,000 | 698,434,000 | 754,944,000 | 771,411,000 | 796,501,000 | 830,746,000 | 605,109,000 | 616,275,000 | 634,060,000 | 529,540,000 | 466,930,000 | 453,370,000 | 158,130,000 |
liabilities and stockholders’ deficit | ||||||||||||||||||||||||||
current liabilities | ||||||||||||||||||||||||||
accounts payable | 11,121,000 | 13,588,000 | 19,764,000 | 11,004,000 | 10,795,000 | 12,650,000 | 14,126,000 | 8,961,000 | 8,088,000 | 13,153,000 | 8,867,000 | 11,902,000 | 9,900,000 | 8,052,000 | 6,292,000 | 4,503,000 | 8,246,000 | 13,533,000 | 9,260,000 | 14,346,000 | 5,410,000 | 5,989,000 | 9,916,000 | 11,159,000 | 5,666,000 | 4,469,000 |
accrued consignor payable | 86,803,000 | 76,009,000 | 82,278,000 | 89,718,000 | 73,242,000 | 65,465,000 | 75,800,000 | 77,122,000 | 66,525,000 | 61,837,000 | 72,114,000 | 81,543,000 | 71,771,000 | 64,443,000 | 68,653,000 | 71,042,000 | 60,366,000 | 55,035,000 | 54,484,000 | 57,053,000 | 44,490,000 | 34,883,000 | 33,489,000 | 52,820,000 | 39,870,000 | 33,404,000 |
operating lease liabilities, current portion | 24,077,000 | 23,508,000 | 22,862,000 | 22,835,000 | 22,487,000 | 22,080,000 | 21,234,000 | 20,094,000 | 19,856,000 | 20,819,000 | 20,691,000 | 20,776,000 | 20,444,000 | 19,970,000 | 19,518,000 | 18,253,000 | 15,229,000 | 15,610,000 | 15,275,000 | 14,999,000 | 15,263,000 | 15,045,000 | 14,209,000 | |||
convertible senior notes, net, current portion | 26,704,000 | 26,653,000 | 26,600,000 | 26,550,000 | ||||||||||||||||||||||
other accrued and current liabilities | 104,087,000 | 86,381,000 | 88,384,000 | 98,466,000 | 92,573,000 | 85,059,000 | 82,528,000 | 82,685,000 | 82,459,000 | 72,146,000 | 82,271,000 | 93,292,000 | 91,974,000 | 79,733,000 | 85,322,000 | 94,188,000 | 84,921,000 | 76,669,000 | 63,394,000 | 61,862,000 | 55,767,000 | 46,636,000 | 43,941,000 | 54,567,000 | 42,548,000 | 42,475,000 |
total current liabilities | 226,088,000 | 199,486,000 | 239,992,000 | 248,676,000 | 225,697,000 | 211,804,000 | 193,688,000 | 188,862,000 | 176,928,000 | 167,955,000 | 183,943,000 | 207,513,000 | 194,089,000 | 172,198,000 | 179,785,000 | 187,986,000 | 168,762,000 | 160,847,000 | 142,413,000 | 148,260,000 | 120,930,000 | 102,553,000 | 101,555,000 | 118,546,000 | 88,084,000 | 86,846,000 |
operating lease liabilities, net of current portion | 72,887,000 | 76,878,000 | 82,527,000 | 85,790,000 | 91,274,000 | 97,024,000 | 100,809,000 | 104,856,000 | 109,907,000 | 112,151,000 | 117,553,000 | 125,118,000 | 130,050,000 | 133,039,000 | 138,214,000 | 143,159,000 | 145,787,000 | 139,419,000 | 140,775,000 | 115,084,000 | 111,680,000 | 115,608,000 | 120,174,000 | |||
convertible senior notes | 230,463,000 | 235,103,000 | 234,723,000 | 276,807,000 | 276,483,000 | 276,159,000 | 302,324,000 | 452,421,000 | 451,768,000 | 451,127,000 | 450,481,000 | 449,848,000 | 448,954,000 | 448,305,000 | 447,653,000 | 348,380,000 | 344,245,000 | 340,194,000 | 336,112,000 | 149,188,000 | 148,057,000 | 146,958,000 | ||||
non-convertible notes | 140,807,000 | 137,599,000 | 137,495,000 | 134,470,000 | 131,427,000 | 131,278,000 | 131,199,000 | |||||||||||||||||||
warrant liability | 75,472,000 | 31,544,000 | 36,081,000 | 78,584,000 | 19,626,000 | 20,370,000 | 26,000,000 | |||||||||||||||||||
other noncurrent liabilities | 5,547,000 | 7,017,000 | 5,618,000 | 6,144,000 | 7,158,000 | 6,042,000 | 4,612,000 | 4,083,000 | 4,097,000 | 3,071,000 | 3,297,000 | 3,254,000 | 2,578,000 | 1,985,000 | 2,099,000 | 2,291,000 | 1,900,000 | 1,762,000 | 1,541,000 | 1,284,000 | 1,300,000 | 1,040,000 | 1,038,000 | 9,456,000 | 8,050,000 | 10,076,000 |
total liabilities | 751,264,000 | 687,627,000 | 736,436,000 | 830,471,000 | 751,665,000 | 742,677,000 | 758,632,000 | 750,222,000 | 742,700,000 | 734,304,000 | 755,274,000 | 785,733,000 | 775,671,000 | 755,527,000 | 767,751,000 | 681,816,000 | 660,694,000 | 642,222,000 | 620,841,000 | 413,816,000 | 381,967,000 | 366,159,000 | 222,767,000 | 128,002,000 | 96,134,000 | 96,922,000 |
commitments and contingencies | ||||||||||||||||||||||||||
stockholders’ deficit: | ||||||||||||||||||||||||||
common stock | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |
additional paid-in capital | 871,791,000 | 864,548,000 | 855,357,000 | 846,450,000 | 839,958,000 | 832,179,000 | 823,672,000 | 816,325,000 | 807,912,000 | 799,398,000 | 790,132,000 | 781,060,000 | 771,287,000 | 758,171,000 | 742,802,000 | 841,255,000 | 826,649,000 | 813,015,000 | 797,918,000 | 723,302,000 | 713,195,000 | 703,189,000 | 699,249,000 | 693,426,000 | 690,365,000 | 1,729,000 |
accumulated deficit | -1,256,844,000 | -1,202,793,000 | -1,191,427,000 | -1,253,827,000 | -1,185,372,000 | -1,167,434,000 | -1,150,726,000 | -1,119,625,000 | -1,097,932,000 | -1,074,983,000 | -1,033,653,000 | -951,153,000 | -912,543,000 | -865,285,000 | -812,120,000 | -768,128,000 | -715,933,000 | -658,737,000 | -588,014,000 | -532,021,000 | -478,995,000 | -435,690,000 | -392,798,000 | -354,506,000 | -333,131,000 | -307,857,000 |
total stockholders’ deficit | -385,052,000 | -338,244,000 | -336,069,000 | -407,376,000 | -345,413,000 | -335,254,000 | -327,053,000 | -303,299,000 | -290,019,000 | -275,584,000 | -306,122,000 | |||||||||||||||
total liabilities and stockholders’ deficit | 366,212,000 | 349,383,000 | 400,367,000 | 423,095,000 | 406,252,000 | 407,423,000 | 431,579,000 | 446,923,000 | 452,681,000 | 458,720,000 | ||||||||||||||||
liabilities and stockholders’ equity | ||||||||||||||||||||||||||
stockholders’ equity | ||||||||||||||||||||||||||
total stockholders’ equity | -243,520,000 | -170,092,000 | -141,255,000 | -107,113,000 | -69,317,000 | 73,128,000 | 110,717,000 | 154,279,000 | 209,905,000 | 191,293,000 | 234,308,000 | 267,901,000 | 306,773,000 | 338,928,000 | 357,236,000 | |||||||||||
total liabilities and stockholders’ equity | 511,754,000 | 615,641,000 | 634,416,000 | 648,414,000 | 698,434,000 | 754,944,000 | 771,411,000 | 796,501,000 | 830,746,000 | 605,109,000 | 616,275,000 | 634,060,000 | 529,540,000 | |||||||||||||
short-term investments | 4,017,000 | 52,156,000 | 105,934,000 | 168,592,000 | 208,811,000 | 5,290,000 | 13,372,000 | |||||||||||||||||||
stockholders’ equity: | ||||||||||||||||||||||||||
accumulated other comprehensive income | 0 | 11,000 | 107,000 | 401,000 | 321,000 | |||||||||||||||||||||
liabilities, redeemable convertible preferred stock, convertible preferred stock and stockholders’ equity | ||||||||||||||||||||||||||
long-term debt, current portion | 6,498,000 | |||||||||||||||||||||||||
long-term debt, net of current portion | ||||||||||||||||||||||||||
redeemable convertible preferred stock | 198,228,000 | |||||||||||||||||||||||||
convertible preferred stock 0.00001 par value; no and 73,950,153 shares authorized as of december 31, 2019 and december 31, 2018, respectively; no and 73,724,645 shares issued and outstanding as of december 31, 2019 and december 31, 2018, respectively | ||||||||||||||||||||||||||
accumulated comprehensive income | 7,000 | 1,000 | 5,000 | |||||||||||||||||||||||
total liabilities, redeemable convertible preferred stock, convertible preferred stock and stockholders’ equity | 466,930,000 | 453,370,000 | ||||||||||||||||||||||||
convertible preferred stock 0.00001 par value; no and 73,950,153 shares authorized as of september 30, 2019 and december 31, 2018, respectively; no and 73,724,645 shares issued and outstanding as of september 30, 2019 and december 31, 2018, respectively | ||||||||||||||||||||||||||
liabilities, redeemable convertible preferred stock, convertible preferred stock and stockholders’ deficit | ||||||||||||||||||||||||||
convertible preferred stock 0.00001 par value; 77,781,921 and 73,950,153 shares authorized as of june 30, 2019 and december 31, 2018, respectively; 77,556,411 and 73,724,645 shares issued and outstanding as of june 30, 2019 and december 31, 2018, respectively | 169,102,000 | |||||||||||||||||||||||||
total liabilities, redeemable convertible preferred stock, convertible preferred stock and stockholders’ deficit | 158,130,000 | |||||||||||||||||||||||||
revenue: | ||||||||||||||||||||||||||
consignment and service revenue | 60,713,000 | |||||||||||||||||||||||||
direct revenue | 10,263,000 | |||||||||||||||||||||||||
total revenue | 70,976,000 | |||||||||||||||||||||||||
cost of revenue: | ||||||||||||||||||||||||||
cost of consignment and service revenue | 17,200,000 | |||||||||||||||||||||||||
cost of direct revenue | 7,726,000 | |||||||||||||||||||||||||
total cost of revenue | 24,926,000 | |||||||||||||||||||||||||
gross profit | 46,050,000 | |||||||||||||||||||||||||
operating expenses: | ||||||||||||||||||||||||||
marketing | 11,715,000 | |||||||||||||||||||||||||
operations and technology | 34,320,000 | |||||||||||||||||||||||||
selling, general and administrative | 25,355,000 | |||||||||||||||||||||||||
total operating expenses | 71,390,000 | |||||||||||||||||||||||||
income from operations | -25,340,000 | |||||||||||||||||||||||||
interest income | 610,000 | |||||||||||||||||||||||||
interest expense | -380,000 | |||||||||||||||||||||||||
other income | -1,706,000 | |||||||||||||||||||||||||
income before benefit from income taxes | -26,816,000 | |||||||||||||||||||||||||
benefit from income taxes | 59,000 | |||||||||||||||||||||||||
net income | -26,875,000 | |||||||||||||||||||||||||
accretion of redeemable convertible preferred stock to redemption value | ||||||||||||||||||||||||||
net income attributable to common stockholders | -26,875,000 | |||||||||||||||||||||||||
net income per share | -2,830 | |||||||||||||||||||||||||
shares used to compute net income per share attributable to common stockholders, basic and diluted | 9,494,447,000 |
The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.
