ThredUp Inc(NASDAQ:TDUP) 
ThredUp Inc. operates online resale platforms that allows consumers to buy and sell secondhand women's and kids' apparel, shoes, and accessories. The company was founded in 2009 and is based in Oakland, California.
Website: http://www.thredup.com
Founded: 2009
Founder: James Reinhart, Chris Homer, and Oliver Lubin
CEO: James Reinhart
Sector: Consumer Cyclical
Industry: Internet Retail
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At a glance:
Bull Thesis:
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Income Statements:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 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 |
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revenue | 81,671,000 | 79,704,000 | 82,161,000 | 77,657,000 | 71,291,000 | ||||||||||||||||
yoy | 14.56% | ||||||||||||||||||||
qoq | 2.47% | -2.99% | 5.80% | 8.93% | |||||||||||||||||
cost of revenue | 17,011,000 | 16,270,000 | 16,949,000 | 15,921,000 | 14,920,000 | ||||||||||||||||
gross profit | 64,660,000 | 63,434,000 | 65,212,000 | 61,736,000 | 56,371,000 | 43,699,000 | 51,980,000 | 56,120,000 | 55,326,000 | 50,353,000 | 56,627,000 | 55,732,000 | 51,093,000 | 44,966,000 | 44,496,000 | 52,648,000 | 50,228,000 | 48,188,000 | 46,094,000 | 44,132,000 | 39,718,000 |
yoy | 14.70% | 45.16% | 25.46% | 10.01% | 1.89% | -13.21% | -8.21% | 0.70% | 8.28% | 11.98% | 27.26% | 5.86% | 1.72% | -6.69% | -3.47% | 19.30% | 26.46% | ||||
qoq | 1.93% | -2.73% | 5.63% | 9.52% | 29.00% | -15.93% | -7.38% | 1.44% | 9.88% | -11.08% | 1.61% | 9.08% | 13.63% | 1.06% | -15.48% | 4.82% | 4.23% | 4.54% | 4.45% | 11.11% | |
gross margin % | 79.17% | 79.59% | 79.37% | 79.50% | 79.07% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% |
operating expenses: | |||||||||||||||||||||
operations, product, and technology | 41,075,000 | 27,799,000 | 38,545,000 | 37,525,000 | 35,126,000 | 29,290,500 | 37,190,000 | 38,921,000 | 41,051,000 | 29,618,250 | 40,355,000 | 39,771,000 | 38,347,000 | ||||||||
marketing | 14,941,000 | 13,447,000 | 16,186,000 | 16,206,000 | 13,143,000 | 3,874,000 | 15,299,000 | 16,053,000 | 13,413,000 | 11,354,000 | 19,406,000 | 18,643,000 | 16,870,000 | 12,999,000 | 14,752,000 | 19,640,000 | 16,978,000 | 15,281,000 | 16,941,000 | 15,957,000 | 15,446,000 |
sales, general, and administrative | 15,233,000 | 10,413,750 | 14,869,000 | 13,250,000 | 13,536,000 | 11,889,500 | 14,545,000 | 15,440,000 | 17,573,000 | 11,786,750 | 15,058,000 | 16,030,000 | 16,059,000 | ||||||||
total operating expenses | 71,249,000 | 70,113,000 | 69,600,000 | 66,981,000 | 61,805,000 | 28,445,000 | 76,848,000 | 70,414,000 | 72,037,000 | 65,103,000 | 74,819,000 | 74,444,000 | 71,276,000 | 61,355,000 | 68,686,000 | 80,981,000 | 70,803,000 | 66,513,000 | 61,591,000 | 58,018,000 | 54,396,000 |
operating income | -6,589,000 | -6,679,000 | -4,388,000 | -5,245,000 | -5,434,000 | 15,254,000 | -24,868,000 | -14,294,000 | -16,711,000 | -14,750,000 | -18,192,000 | -18,712,000 | -20,183,000 | -16,389,000 | -24,190,000 | -28,333,000 | -20,575,000 | -18,325,000 | -15,497,000 | -13,886,000 | -14,678,000 |
yoy | 21.26% | -143.79% | -82.35% | -63.31% | -67.48% | -203.42% | 36.70% | -23.61% | -17.20% | -10.00% | -24.80% | -33.96% | -1.91% | -10.56% | 56.09% | 104.04% | 40.18% | ||||
qoq | -1.35% | 52.21% | -16.34% | -3.48% | -135.62% | -161.34% | 73.98% | -14.46% | 13.29% | -18.92% | -2.78% | -7.29% | 23.15% | -32.25% | -14.62% | 37.71% | 12.28% | 18.25% | 11.60% | -5.40% | |
operating margin % | -8.07% | -8.38% | -5.34% | -6.75% | -7.62% | Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% |
interest expense | -384,000 | -432,000 | -477,000 | -496,000 | -514,000 | -567,000 | -629,000 | -652,000 | -677,000 | -3,769,000 | 732,000 | 721,000 | 77,000 | 41,000 | 103,000 | -238,000 | -423,000 | -524,000 | -619,000 | ||
other income | 525,000 | 1,541,000 | 583,000 | 596,000 | 790,000 | 601,000 | 730,000 | 998,000 | 845,000 | 4,853,000 | -845,000 | -685,000 | -476,000 | -277,000 | -624,000 | 181,000 | 303,000 | 961,000 | 1,418,000 | ||
income before provision for income taxes | -6,448,000 | -5,570,000 | -4,282,000 | -5,145,000 | -5,158,000 | 15,288,000 | -24,767,000 | -13,948,000 | -16,543,000 | -14,618,000 | -18,079,000 | -18,748,000 | -19,784,000 | -19,495,000 | -23,669,000 | -28,390,000 | -20,695,000 | -17,888,000 | -14,698,000 | -14,366,000 | -16,144,000 |
provision for income taxes | 24,000 | 5,000 | -34,000 | 31,000 | 57,000 | 8,000 | 4,000 | 6,000 | 11,000 | -5,000 | 3,000 | 12,000 | 9,000 | 4,000 | 9,000 | 9,000 | 13,000 | 23,000 | 17,000 | 13,000 | 27,000 |
net income | -6,472,000 | -5,575,000 | -4,248,000 | -5,176,000 | -5,215,000 | -21,707,000 | -24,771,000 | -13,954,000 | -16,554,000 | -14,613,000 | -18,082,000 | -18,760,000 | -19,793,000 | -18,196,250 | -23,678,000 | -28,399,000 | -20,708,000 | -17,911,000 | -14,715,000 | -14,379,000 | |
yoy | 24.10% | -74.32% | -82.85% | -62.91% | -68.50% | 48.55% | 36.99% | -25.62% | -16.36% | -19.69% | -23.63% | -33.94% | -4.42% | 1.59% | 60.91% | 97.50% | |||||
qoq | 16.09% | 31.24% | -17.93% | -0.75% | -75.98% | -12.37% | 77.52% | -15.71% | 13.28% | -19.18% | -3.61% | -5.22% | 8.78% | -23.15% | -16.62% | 37.14% | 15.62% | 21.72% | 2.34% | ||
net income margin % | -7.92% | -6.99% | -5.17% | -6.67% | -7.32% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | NaN% |
loss per share, basic and diluted | -0.05 | -0.03 | -0.03 | -0.04 | -0.125 | -0.22 | -0.13 | -0.15 | -0.14 | -0.17 | -0.18 | -0.19 | -0.183 | -0.24 | |||||||
weighted-average shares used for eps calculation | 127,691 | 121,693,000 | 123,903,000 | 120,275,000 | 116,698,000 | 111,960,000 | 112,854 | 110,997 | 109,292 | 104,875 | 105,898 | 103,905 | 101,984 | 99,817 | 100,253 | 99,331 | 98,624 | 77,092 | 96,348,658 | 94,434,768 | 18,701,108 |
loss from continuing operations | -5,575,000 | -4,248,000 | -5,176,000 | -5,215,000 | |||||||||||||||||
loss from discontinued operations, net of tax | |||||||||||||||||||||
loss from continuing operations per share, basic and diluted | -0.05 | -0.03 | -0.04 | -0.04 | |||||||||||||||||
loss from discontinued operations per share, basic and diluted | |||||||||||||||||||||
total loss per share, basic and diluted | -0.04 | ||||||||||||||||||||
revenue: | |||||||||||||||||||||
consignment | 61,256,000 | 59,850,000 | 63,855,000 | 61,225,000 | 55,877,000 | 57,838,000 | 53,415,000 | 46,479,000 | 37,470,000 | 41,553,000 | 48,536,000 | 47,435,000 | 44,758,000 | 48,071,000 | 48,597,000 | 44,688,000 | |||||
product | -33,589,000 | 13,171,000 | 15,900,000 | 18,363,000 | 25,516,000 | 24,211,000 | 29,243,000 | 29,443,000 | 33,848,000 | 26,392,000 | 27,885,000 | 25,260,000 | 28,121,000 | 15,203,000 | 11,362,000 | 10,992,000 | |||||
total revenue | 27,667,000 | 73,021,000 | 79,755,000 | 79,588,000 | 81,393,000 | 82,049,000 | 82,658,000 | 75,922,000 | 71,318,000 | 67,945,000 | 76,421,000 | 72,695,000 | 72,879,000 | 63,274,000 | 59,959,000 | 55,680,000 | |||||
cost of revenue: | |||||||||||||||||||||
total cost of revenue | -16,032,000 | 21,041,000 | 23,635,000 | 24,262,000 | 31,040,000 | 25,422,000 | 26,926,000 | 24,829,000 | 26,352,000 | 23,449,000 | 23,773,000 | 22,467,000 | 24,691,000 | 17,180,000 | 15,827,000 | 15,962,000 | |||||
impairment of long-lived assets | 2,453,500 | 9,814,000 | |||||||||||||||||||
operations, product and technology | 33,818,000 | 38,702,000 | 43,961,000 | 39,161,000 | 36,624,000 | 32,081,000 | 31,062,000 | 28,312,000 | |||||||||||||
sales, general and administrative | 14,538,000 | 15,232,000 | 17,380,000 | 14,664,000 | 14,608,000 | 12,569,000 | 10,999,000 | 10,638,000 | |||||||||||||
net income per share | -0.29 | -0.21 | -0.17 | -0.15 | -0.15 | -0.86 | |||||||||||||||
interest and other income | -480,000 | -1,466,000 | |||||||||||||||||||
net loss and total comprehensive loss | -16,171,000 |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
assets | |||||||||||||||||||||
current assets: | |||||||||||||||||||||
cash and cash equivalents | 38,996,000 | 38,629,000 | 46,218,000 | 40,969,000 | 41,057,000 | 31,851,000 | 43,715,000 | 44,755,000 | 50,112,000 | 56,084,000 | 68,552,000 | 51,073,000 | 50,739,000 | 38,029,000 | 36,713,000 | 52,197,000 | 68,597,000 | 84,550,000 | 160,912,000 | 173,058,000 | 246,514,000 |
marketable securities | 10,457,000 | 9,498,000 | 4,893,000 | 6,606,000 | 5,719,000 | 12,325,000 | 11,581,000 | 10,525,000 | 12,399,000 | 8,100,000 | 5,575,000 | 25,856,000 | 42,733,000 | 66,902,000 | 86,501,000 | 96,326,000 | 115,189,000 | 121,277,000 | 100,762,000 | 57,382,000 | |
accounts receivable | 4,316,000 | 2,437,000 | 3,725,000 | 3,799,000 | 4,234,000 | 3,567,000 | 5,717,000 | 5,888,000 | 6,929,000 | 7,813,000 | 5,993,000 | 3,782,000 | 4,232,000 | 4,669,000 | 3,175,000 | 3,368,000 | 2,971,000 | 4,136,000 | 1,895,000 | 1,545,000 | 1,726,000 |
other current assets | 6,616,000 | 6,112,000 | 5,665,000 | 9,368,000 | 9,450,000 | 8,489,000 | 4,977,000 | 6,698,000 | 5,834,000 | 6,204,000 | 7,199,000 | 8,238,000 | 6,338,000 | 7,076,000 | 10,126,000 | 11,862,000 | 9,634,000 | 8,625,000 | 7,773,000 | 6,425,000 | 3,168,000 |
total current assets | 60,385,000 | 56,676,000 | 60,501,000 | 60,742,000 | 60,460,000 | 56,922,000 | 73,365,000 | 78,179,000 | 86,856,000 | 93,888,000 | 105,492,000 | 109,311,000 | 124,975,000 | 134,195,000 | 151,518,000 | 177,694,000 | 208,416,000 | 228,413,000 | 275,448,000 | 242,772,000 | 254,890,000 |
operating lease right-of-use assets | 26,353,000 | 25,376,000 | 27,337,000 | 28,496,000 | 27,773,000 | 28,853,000 | 44,804,000 | 45,624,000 | 47,138,000 | 42,118,000 | 43,090,000 | 45,265,000 | 45,180,000 | 46,153,000 | 46,760,000 | 49,420,000 | 42,937,000 | 39,340,000 | 20,455,000 | 21,272,000 | 22,338,000 |
property and equipment | 67,704,000 | 67,243,000 | 67,901,000 | 67,654,000 | 67,517,000 | 68,480,000 | 76,432,000 | 82,839,000 | 85,083,000 | 87,672,000 | 90,270,000 | 93,786,000 | 95,806,000 | 92,482,000 | 89,529,000 | 84,045,000 | 73,132,000 | 55,466,000 | 49,451,000 | 45,490,000 | 43,562,000 |
goodwill | 10,746,000 | 10,746,000 | 10,746,000 | 10,746,000 | 10,746,000 | 10,746,000 | 12,121,000 | 11,608,000 | 11,677,000 | 11,957,000 | 11,455,000 | 11,756,000 | 11,805,000 | 11,592,000 | 10,645,000 | 11,312,000 | 12,043,000 | 12,238,000 | |||
other assets | 7,185,000 | 7,204,000 | 5,984,000 | 5,965,000 | 6,004,000 | 6,224,000 | 6,227,000 | 6,333,000 | 6,196,000 | 6,176,000 | 6,621,000 | 6,867,000 | 6,960,000 | 7,027,000 | 10,896,000 | 11,905,000 | 11,558,000 | 11,515,000 | 4,864,000 | 2,837,000 | 2,980,000 |
total assets | 172,373,000 | 167,245,000 | 172,469,000 | 173,603,000 | 172,500,000 | 171,225,000 | 214,944,000 | 231,211,000 | 244,279,000 | 249,967,000 | 265,388,000 | 276,331,000 | 294,770,000 | 301,948,000 | 319,590,000 | 345,898,000 | 361,028,000 | 360,826,000 | 350,218,000 | 312,371,000 | 323,770,000 |
liabilities and stockholders’ equity | |||||||||||||||||||||
current liabilities: | |||||||||||||||||||||
accounts payable | 11,864,000 | 10,329,000 | 12,328,000 | 11,159,000 | 13,000,000 | 8,326,000 | 13,125,000 | 10,897,000 | 9,133,000 | 9,457,000 | 12,426,000 | 8,780,000 | 12,747,000 | 7,800,000 | 8,642,000 | 16,183,000 | 19,529,000 | 13,336,000 | 8,407,000 | 11,359,000 | 14,540,000 |
accrued and other current liabilities | 27,112,000 | 24,511,000 | 26,279,000 | 26,934,000 | 28,381,000 | 29,856,000 | 34,170,000 | 34,210,000 | 37,541,000 | 35,934,000 | 40,225,000 | 43,334,000 | 47,976,000 | 50,155,000 | 53,365,000 | 48,590,000 | 50,970,000 | 45,253,000 | 46,427,000 | 39,515,000 | 37,720,000 |
seller payable | 18,947,000 | 18,264,000 | 17,934,000 | 16,345,000 | 15,758,000 | 15,142,000 | 19,802,000 | 19,182,000 | 21,037,000 | 21,495,000 | 21,516,000 | 19,471,000 | 17,868,000 | 16,166,000 | 18,690,000 | 22,564,000 | 20,640,000 | 19,125,000 | 18,306,000 | 16,709,000 | 15,194,000 |
operating lease liabilities, current | 5,776,000 | 5,401,000 | 5,123,000 | 4,870,000 | 4,606,000 | 4,345,000 | 5,455,000 | 5,513,000 | 5,517,000 | 5,949,000 | 6,383,000 | 5,834,000 | 5,792,000 | 6,413,000 | 4,931,000 | 5,014,000 | 4,433,000 | 3,931,000 | 2,757,000 | 2,845,000 | 3,095,000 |
current portion of long-term debt | 3,875,000 | 3,870,000 | 3,865,000 | 3,860,000 | 3,855,000 | 3,851,000 | 3,847,000 | 3,843,000 | 3,838,000 | 3,834,000 | 3,830,000 | 3,882,000 | 3,879,000 | 3,881,000 | 7,791,000 | 7,780,000 | 7,768,000 | 7,757,000 | 7,746,000 | 5,736,000 | |
total current liabilities | 63,699,000 | 62,380,000 | 65,534,000 | 63,173,000 | 65,605,000 | 61,524,000 | 76,403,000 | 73,649,000 | 77,071,000 | 76,673,000 | 84,384,000 | 81,249,000 | 88,265,000 | 84,413,000 | 89,509,000 | 100,142,000 | 103,352,000 | 89,413,000 | 83,654,000 | 78,174,000 | 76,285,000 |
operating lease liabilities, non-current | 28,672,000 | 28,580,000 | 30,058,000 | 31,500,000 | 31,140,000 | 32,489,000 | 47,147,000 | 48,068,000 | 49,750,000 | 44,621,000 | 45,257,000 | 47,356,000 | 47,521,000 | 48,727,000 | 50,623,000 | 51,497,000 | 42,030,000 | 36,997,000 | 19,225,000 | 20,029,000 | 20,811,000 |
long-term debt | 17,740,000 | 14,276,000 | 15,247,000 | 16,216,000 | 17,184,000 | 18,151,000 | 19,116,000 | 20,080,000 | 21,044,000 | 22,006,000 | 22,968,000 | 23,928,000 | 24,831,000 | 25,788,000 | 26,859,000 | 23,705,000 | 25,634,000 | 27,559,000 | 29,478,000 | 31,393,000 | 33,320,000 |
other non-current liabilities | 2,871,000 | 2,816,000 | 2,558,000 | 2,507,000 | 2,488,000 | 2,760,000 | 3,006,000 | 2,925,000 | 2,884,000 | 2,750,000 | 3,231,000 | 3,200,000 | 3,066,000 | 3,019,000 | 2,904,000 | 2,625,000 | 2,324,000 | 1,123,000 | 2,187,000 | 1,937,000 | 1,927,000 |
total liabilities | 112,982,000 | 108,052,000 | 113,397,000 | 113,396,000 | 116,417,000 | 114,924,000 | 145,672,000 | 144,722,000 | 150,749,000 | 146,050,000 | 155,840,000 | 155,733,000 | 163,683,000 | 161,947,000 | 169,895,000 | 177,969,000 | 173,340,000 | 155,092,000 | 134,544,000 | 131,533,000 | 132,343,000 |
commitments and contingencies | |||||||||||||||||||||
stockholders’ equity: | |||||||||||||||||||||
class a and b common stock, 0.0001 par value... | 12,000 | 12,000 | 12,000 | 12,000 | 11,000 | 11,000 | 11,000 | 11,000 | 11,000 | 11,000 | 11,000 | 11,000 | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | 9,000 | 9,000 |
additional paid-in capital | 641,945,000 | 635,253,000 | 629,560,000 | 626,449,000 | 617,150,000 | 612,148,000 | 605,687,000 | 599,333,000 | 592,193,000 | 585,156,000 | 577,740,000 | 569,780,000 | 561,577,000 | 551,852,000 | 545,449,000 | 537,760,000 | 526,533,000 | 522,161,000 | 513,124,000 | 463,582,000 | 459,756,000 |
accumulated other comprehensive income | -19,000 | 3,000 | -2,000 | -2,000 | 3,000 | ||||||||||||||||
accumulated deficit | -582,547,000 | -576,075,000 | -570,500,000 | -566,252,000 | -561,076,000 | -555,861,000 | -534,154,000 | -509,383,000 | -495,429,000 | -478,875,000 | -464,262,000 | -446,180,000 | -427,420,000 | -407,627,000 | -388,128,000 | -364,450,000 | -336,051,000 | -315,343,000 | -297,432,000 | -282,717,000 | -268,338,000 |
total stockholders’ equity | 59,391,000 | 59,193,000 | 59,072,000 | 60,207,000 | 56,083,000 | 56,301,000 | 69,272,000 | 86,489,000 | 93,530,000 | 103,917,000 | 109,548,000 | 120,598,000 | 131,087,000 | 140,001,000 | 149,695,000 | 167,929,000 | 187,688,000 | 205,734,000 | 215,674,000 | 180,838,000 | 191,427,000 |
total liabilities and stockholders’ equity | 172,373,000 | 167,245,000 | 172,469,000 | 173,603,000 | 172,500,000 | 171,225,000 | 214,944,000 | 231,211,000 | 244,279,000 | 249,967,000 | 265,388,000 | 276,331,000 | 294,770,000 | 301,948,000 | 319,590,000 | 345,898,000 | |||||
inventory | 690,000 | 7,375,000 | 10,313,000 | 11,582,000 | 15,687,000 | 18,173,000 | 20,362,000 | 20,933,000 | 17,519,000 | 15,003,000 | 13,941,000 | 12,025,000 | 9,825,000 | 4,106,000 | 4,362,000 | 3,482,000 | |||||
current assets of discontinued operations | |||||||||||||||||||||
non-current assets of discontinued operations | |||||||||||||||||||||
current liabilities of discontinued operations | |||||||||||||||||||||
non-current liabilities of discontinued operations | |||||||||||||||||||||
intangible assets | 1,995,000 | 6,628,000 | 7,329,000 | 8,156,000 | 8,460,000 | 9,346,000 | 10,044,000 | 10,499,000 | 10,242,000 | 11,522,000 | 12,942,000 | 13,854,000 | |||||||||
accumulated other comprehensive loss | -2,272,000 | -3,472,000 | -3,245,000 | -2,375,000 | -3,941,000 | -3,013,000 | -3,080,000 | -4,234,000 | -7,636,000 | -5,391,000 | -2,804,000 | -1,094,000 | -28,000 | -36,000 | |||||||
current assets | |||||||||||||||||||||
liabilities, convertible preferred stock and stockholders’ equity | |||||||||||||||||||||
current liabilities | |||||||||||||||||||||
convertible preferred stock: 0.0001 par value... | |||||||||||||||||||||
total liabilities, convertible preferred stock and stockholders’ equity | 361,028,000 | 360,826,000 | 350,218,000 | 312,371,000 | 323,770,000 |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
cash flows from operating activities: | |||||||||||||||||||||
net loss | -6,472,000 | -24,771,000 | -13,954,000 | -16,554,000 | -14,613,000 | -18,082,000 | -18,760,000 | -19,793,000 | -23,678,000 | -28,399,000 | -20,708,000 | -17,911,000 | -14,715,000 | -14,379,000 | -16,171,000 | ||||||
adjustments to reconcile net loss to net cash from operating activities: | |||||||||||||||||||||
stock-based compensation expense | 5,503,000 | 4,544,000 | 4,439,000 | 4,500,000 | 5,520,000 | 5,160,000 | 6,467,000 | 7,009,000 | 7,211,000 | 6,775,000 | 7,888,000 | 7,628,000 | 9,391,000 | 6,059,000 | 7,177,000 | 10,058,000 | 3,523,000 | 3,570,000 | 2,995,000 | 2,896,000 | 3,498,000 |
depreciation and amortization | 3,306,000 | 3,451,000 | 3,138,000 | 3,166,000 | 3,169,000 | 2,831,000 | 4,699,000 | 4,865,000 | 4,933,000 | 4,851,000 | 5,364,000 | 4,836,000 | 3,681,000 | 3,816,000 | 3,539,000 | 3,407,000 | 3,271,000 | 3,008,000 | 2,248,000 | 1,861,000 | 2,038,000 |
reduction in carrying amount of right-of-use assets | 1,144,000 | 1,212,000 | 1,205,000 | 1,144,000 | 1,080,000 | -15,000 | 1,458,000 | 1,426,000 | 1,667,000 | 1,567,000 | 1,611,000 | 1,970,000 | 1,207,000 | 1,653,000 | |||||||
other | 17,000 | -750,000 | 66,000 | 34,000 | -183,000 | 579,000 | 96,000 | -719,000 | 28,000 | 798,000 | -232,000 | 250,000 | 41,000 | 4,184,000 | |||||||
changes in operating assets and liabilities: | |||||||||||||||||||||
accounts receivable | -1,880,000 | 1,288,000 | 74,000 | 435,000 | -667,000 | -621,000 | 261,000 | 1,027,000 | 815,000 | -1,753,000 | -2,289,000 | -94,000 | 1,010,000 | -1,325,000 | 113,000 | -461,000 | 1,143,000 | -1,117,000 | -350,000 | 181,000 | 97,000 |
other current and non-current assets | -465,000 | -520,000 | 58,000 | 125,000 | -29,000 | -947,000 | 1,779,000 | -322,000 | 312,000 | 125,000 | 1,754,000 | -721,000 | 22,000 | 2,625,000 | 3,067,000 | -2,637,000 | -2,162,000 | -1,606,000 | -1,356,000 | -2,907,000 | -457,000 |
accounts payable | 2,510,000 | -2,955,000 | 1,622,000 | -1,965,000 | 4,719,000 | 786,000 | 2,016,000 | 1,328,000 | -223,000 | -2,352,000 | 3,872,000 | -3,925,000 | 4,102,000 | -985,000 | -4,954,000 | 353,000 | 1,601,000 | 297,000 | -2,142,000 | -2,006,000 | 4,722,000 |
accrued and other current liabilities | 2,061,000 | -680,000 | -1,079,000 | -1,863,000 | -494,000 | -3,377,000 | 1,742,000 | -4,761,000 | -2,581,000 | 101,000 | -1,851,000 | -5,166,000 | 6,169,000 | -4,163,000 | 4,912,000 | -4,831,000 | 5,911,000 | 3,387,000 | 4,784,000 | ||
seller payable | 683,000 | 330,000 | 1,589,000 | 586,000 | 617,000 | -3,977,000 | 582,000 | -1,851,000 | -442,000 | -46,000 | 2,057,000 | 1,605,000 | 1,696,000 | -2,565,000 | -3,845,000 | 1,944,000 | 1,521,000 | 490,000 | 1,597,000 | 1,515,000 | 1,470,000 |
operating lease liabilities | -1,653,000 | -1,201,000 | -1,235,000 | -1,243,000 | -1,088,000 | 316,000 | -1,620,000 | -1,599,000 | -1,986,000 | -1,669,000 | -1,186,000 | -2,178,000 | -2,062,000 | -1,472,000 | -206,000 | 2,063,000 | 539,000 | -729,000 | -892,000 | -1,032,000 | -1,311,000 |
other non-current liabilities | 0 | 0 | -183,000 | -317,000 | -216,000 | -9,000 | 65,000 | 21,000 | 250,000 | -1,580,000 | 1,255,000 | -827,000 | -153,000 | -95,000 | 115,000 | -1,262,000 | 0 | 0 | 4,000 | ||
net cash from operating activities | 4,754,000 | 3,347,000 | -4,972,000 | 1,393,000 | -7,975,000 | 223,000 | -10,381,000 | -4,458,000 | -15,166,000 | -12,104,000 | -18,156,000 | -6,679,000 | -20,887,000 | -5,042,000 | -10,167,000 | 1,077,000 | |||||
capital expenditures | -4,111,000 | -2,573,000 | -1,170,000 | -1,620,000 | -2,209,000 | -1,483,000 | -6,613,000 | -5,679,000 | -3,935,000 | 0 | -14,945,000 | -12,638,000 | -4,621,000 | -6,208,000 | -4,900,000 | -4,099,000 | |||||
free cash flows | 643,000 | 774,000 | -6,142,000 | -227,000 | -10,184,000 | -1,260,000 | -16,994,000 | -10,137,000 | -19,101,000 | -12,104,000 | -33,101,000 | -19,317,000 | -25,508,000 | -11,250,000 | -15,067,000 | -3,022,000 | |||||
cash flows from investing activities: | |||||||||||||||||||||
purchases of marketable securities | -4,579,000 | -7,762,000 | -3,872,000 | -5,875,000 | -3,214,000 | -7,103,000 | -9,520,000 | -6,488,000 | -8,665,000 | -8,064,000 | -1,973,000 | 0 | -22,502,000 | -45,297,000 | |||||||
sale and maturities of marketable securities | 3,675,000 | 3,225,000 | 5,650,000 | 5,050,000 | 10,104,000 | ||||||||||||||||
purchases of property and equipment | -4,111,000 | -1,727,000 | -3,651,000 | -3,279,000 | -1,815,000 | -1,221,000 | -2,573,000 | -1,170,000 | -1,620,000 | -2,209,000 | -1,483,000 | -6,613,000 | -5,679,000 | -3,935,000 | |||||||
net cash from investing activities | -5,015,000 | -3,493,000 | 842,000 | -5,785,000 | -4,673,000 | 19,044,000 | 10,409,000 | 18,900,000 | 15,885,000 | -2,197,000 | 3,148,000 | -7,912,000 | -53,254,000 | -49,905,000 | -62,318,000 | -4,099,000 | |||||
cash flows from financing activities: | |||||||||||||||||||||
payments on debt | -433,000 | ||||||||||||||||||||
proceeds from issuance of stock-based awards | 4,445,000 | 6,164,000 | 6,915,000 | 13,701,000 | 1,151,000 | 1,597,000 | 282,000 | 1,061,000 | 727,000 | 1,401,000 | 1,625,000 | ||||||||||
payments of withholding taxes on stock-based awards | -3,384,000 | -5,113,000 | -8,446,000 | -9,029,000 | -1,740,000 | -1,064,000 | -545,000 | -1,243,000 | -1,207,000 | ||||||||||||
net cash from financing activities | 628,000 | -1,263,000 | -1,182,000 | -1,480,000 | -620,000 | -1,234,000 | -557,000 | -1,192,000 | -1,014,000 | -590,000 | -1,141,000 | -1,191,000 | -72,000 | 44,951,000 | -970,000 | 185,051,000 | |||||
net change in cash, cash equivalents and restricted cash | 367,000 | -49,000 | |||||||||||||||||||
cash, cash equivalents, and restricted cash, beginning of period | 43,577,000 | 0 | 0 | 40,488,000 | 0 | 0 | 61,469,000 | 0 | 0 | 44,051,000 | |||||||||||
cash, cash equivalents, and restricted cash, end of period | 43,944,000 | 1,624,000 | -88,000 | 49,717,000 | -1,128,000 | -5,357,000 | 55,482,000 | 17,479,000 | 335,000 | 56,761,000 | |||||||||||
cash flows from continuing operating activities: | |||||||||||||||||||||
loss from continuing operations | -5,575,000 | -4,248,000 | -5,176,000 | -5,215,000 | |||||||||||||||||
adjustments to reconcile loss from continuing operations to net cash from continuing operating activities: | |||||||||||||||||||||
impairment of long-lived assets | |||||||||||||||||||||
accrued and other liabilities | |||||||||||||||||||||
net cash from continuing operating activities | -1,463,000 | 6,028,000 | 344,000 | 5,743,000 | |||||||||||||||||
cash flows from continuing investing activities: | |||||||||||||||||||||
net cash from continuing investing activities | -6,264,000 | -1,873,000 | -4,104,000 | 5,075,000 | |||||||||||||||||
cash flows from continuing financing activities: | |||||||||||||||||||||
repayment of debt | -1,000,000 | -1,000,000 | -1,000,000 | -1,000,000 | -1,000,000 | -1,000,000 | -1,000,000 | -1,000,000 | -1,000,000 | -1,000,000 | -1,000,000 | -1,000,000 | -1,000,000 | -1,333,000 | -2,000,000 | -2,000,000 | -2,000,000 | ||||
net cash from continuing financing activities | 51,000 | -2,531,000 | 3,672,000 | -1,589,000 | |||||||||||||||||
net change in cash, cash equivalents and restricted cash from continuing operations | -7,676,000 | 1,624,000 | -88,000 | 9,229,000 | |||||||||||||||||
net cash flow used in discontinued operating activities | |||||||||||||||||||||
net cash flow used in discontinued investing activities | |||||||||||||||||||||
net change in cash, cash equivalents and restricted cash from discontinued operations | |||||||||||||||||||||
effect of exchange rate changes on cash, cash equivalents and restricted cash | 246,000 | ||||||||||||||||||||
cash, cash equivalents and restricted cash, beginning of period | 0 | ||||||||||||||||||||
cash, cash equivalents and restricted cash, end of period | -49,000 | ||||||||||||||||||||
supplemental disclosures of cash flow information: | |||||||||||||||||||||
cash paid for interest | |||||||||||||||||||||
supplemental disclosures of noncash investing and financing activities: | |||||||||||||||||||||
purchases of property and equipment included in accounts payable and accrued liabilities | |||||||||||||||||||||
right-of-use assets obtained in exchange for new lease liabilities | |||||||||||||||||||||
effect of exchange rate changes on cash, cash equivalents, and restricted cash | 281,000 | -45,000 | -115,000 | -554,000 | 864,000 | -540,000 | |||||||||||||||
net change in cash, cash equivalents, and restricted cash | 1,624,000 | -88,000 | 9,229,000 | -1,128,000 | -5,357,000 | -5,987,000 | 17,479,000 | 335,000 | 12,710,000 | ||||||||||||
inventory | -6,171,000 | 3,276,000 | 1,204,000 | 3,825,000 | 3,082,000 | 1,797,000 | 487,000 | -3,157,000 | -1,664,000 | -1,519,000 | -2,390,000 | -2,313,000 | -2,154,000 | 256,000 | -880,000 | 37,000 | |||||
maturities of marketable securities | 6,500,000 | 8,600,000 | 8,500,000 | 4,500,000 | 5,600,000 | 22,500,000 | 24,900,000 | 24,579,000 | 19,820,000 | 9,536,000 | 21,568,000 | 4,726,000 | 1,200,000 | ||||||||
proceeds from debt, net of discount | -100,000 | ||||||||||||||||||||
payment of withholding taxes on stock-based awards | -1,859,000 | -1,247,000 | -638,000 | ||||||||||||||||||
proceeds from exercise of stock options and employee stock purchase plan | 446,000 | 324,000 | |||||||||||||||||||
net loss attributable to common stockholders | |||||||||||||||||||||
adjustments to reconcile net loss attributable to common stockholders to net cash from operating activities: | |||||||||||||||||||||
purchase of non-marketable equity investment | |||||||||||||||||||||
acquisition of business, net of cash acquired | |||||||||||||||||||||
proceeds from issuance of class a common stock, net of underwriting discounts and commissions | |||||||||||||||||||||
payment of costs for the initial public offering and the follow-on offering | -478,000 | ||||||||||||||||||||
tax withholding related to vesting of restricted stock units | -238,000 | ||||||||||||||||||||
reduction in the carrying amount of right-of-use assets | 1,507,000 | 1,398,000 | 784,000 | 817,000 | 1,066,000 | 1,318,000 | |||||||||||||||
changes in fair value of convertible preferred stock warrants and others | 657,000 | 481,000 | 574,000 | 589,000 | 131,000 | 1,048,000 | |||||||||||||||
purchase of marketable securities | |||||||||||||||||||||
purchase of property and equipment | -14,945,000 | -12,638,000 | -4,621,000 | -6,208,000 | -4,900,000 | -4,099,000 | |||||||||||||||
proceeds from debt issuance | |||||||||||||||||||||
proceeds from stock issued under incentive and purchase plans, net of forfeitures | |||||||||||||||||||||
payment of costs for the initial public offering | -1,900,000 | -1,733,000 | |||||||||||||||||||
effect of exchange rate changes on cash and cash equivalents | -349,000 | -172,000 | |||||||||||||||||||
net increase in cash, cash equivalents and restricted cash | -16,498,000 | -15,954,000 | -74,277,000 | -9,996,000 | |||||||||||||||||
cash, cash equivalents and restricted cash: | |||||||||||||||||||||
beginning of period | 0 | 91,840,000 | 0 | 0 | 0 | 67,539,000 | |||||||||||||||
end of period | -16,498,000 | 75,886,000 | -74,277,000 | -9,996,000 | -73,455,000 | 249,568,000 | |||||||||||||||
cash flows from operating activities | |||||||||||||||||||||
cash flows from investing activities | |||||||||||||||||||||
cash flows from financing activities | |||||||||||||||||||||
proceeds from exercise of common stock options | 809,000 | 1,875,000 | |||||||||||||||||||
cash, cash equivalents and restricted cash | |||||||||||||||||||||
purchases of non-marketable equity investment | |||||||||||||||||||||
proceeds from offerings of issuance of class a common stock, net of underwriting discounts and commissions | |||||||||||||||||||||
proceeds from exercise of common stock options and withholding taxes for the net share settlement of restricted stock units | 1,424,000 | 948,000 | |||||||||||||||||||
proceeds from issuance of convertible preferred stock, net of issuance costs | |||||||||||||||||||||
proceeds from espp purchase | |||||||||||||||||||||
proceeds from debt issuance, net of issuance costs | 0 | 0 | 4,625,000 | ||||||||||||||||||
proceeds from issuance of class a common stock upon initial public offering and the follow-on offering, net of underwriting discounts and commissions | |||||||||||||||||||||
proceeds from issuance of class a common stock upon initial public offering, net of underwriting discounts and commissions | 0 | 180,284,000 | |||||||||||||||||||
net increase in cash, cash equivalents and restricted cash and cash equivalents | 182,029,000 | ||||||||||||||||||||
cash, cash equivalents and restricted cash and cash equivalents |