ThredUp (TDUP) Cost of Revenue (2020 - 2026)
ThredUp (TDUP) posted quarterly Cost of Revenue of $17.0 million for Q1 2026, up 29.43% year-over-year from $13.1 million in Q1 2025, and down 8.17% quarter-over-quarter from $18.5 million in Q4 2025.
ThredUp (TDUP) Cost of Revenue (2020 - 2026) Analysis & Trends
ThredUp (TDUP) has reported Cost of Revenue for 7 consecutive years, with $17.0 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Cost of Revenue rose 29.43% year-over-year to $17.0 million; the TTM figure through Mar 2026 stood at $68.4 million (up 32.36% YoY), while the FY2025 annual figure was $64.1 million, up 31.71% from the prior year.
- Cost of Revenue slipped to $17.0 million in Q1 2026 per TDUP's latest filing, from $18.5 million in the prior quarter.
- Across five years, Cost of Revenue topped out at $26.4 million in Q4 2022 and bottomed at -$3.5 million in Q4 2023.
- Historically, Cost of Revenue has averaged $15.7 million across 5 years, with a median of $16.9 million in 2023.
- Annual changes were most pronounced in 2023 — Cost of Revenue plunged 113.4% — and 2024, when it jumped 429.03%.
- ThredUp's Cost of Revenue stood at $26.4 million in 2022, then slumped by 113.4% to -$3.5 million in 2023, then surged by 429.03% to $11.6 million in 2024, then jumped by 59.45% to $18.5 million in 2025, then decreased by 8.17% to $17.0 million in 2026.
- Business Quant data shows TDUP's Cost of Revenue at $17.0 million in Q1 2026, $18.5 million in Q4 2025, and $16.9 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,927.01 Bn | 2,804.03 Bn | 198.88 Bn | 183.24 Bn |
| 2 | PDD Holdings | 506.82 Bn | 447.28 Bn | 9.83 Bn | 7.89 Bn |
| 3 | Mercadolibre | 97.24 Bn | 82.05 Bn | 4.16 Bn | 6.01 Bn |
| 4 | DoorDash | 92.91 Bn | 87.56 Bn | 2.35 Bn | 2.11 Bn |
| 5 | JD.com | 87.42 Bn | 58.24 Bn | 7.66 Bn | 38.08 Bn |
| 6 | Sea | 77.89 Bn | 69.37 Bn | 3.15 Bn | 587.04 Mn |
| 7 | Ebay | 47.61 Bn | 44.30 Bn | 2.30 Bn | 832.00 Mn |
| 8 | Coupang | 29.76 Bn | 23.65 Bn | 2.49 Bn | 6.36 Bn |
| 9 | Zkh | 16.25 Bn | 16.25 Bn | 51.11 Mn | 255.12 Mn |
| 10 | ThredUp | 400.60 Mn | 348.17 Mn | 72.52 Mn | 18.24 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 18.24 Mn |
| Jun 30, 2026 | 18.24 Mn |
| Mar 31, 2026 | 17.01 Mn |
| Mar 31, 2026 | 17.01 Mn |
| Dec 31, 2025 | 18.53 Mn |
| Dec 31, 2025 | 18.53 Mn |
| Sep 30, 2025 | 16.95 Mn |
| Sep 30, 2025 | 16.95 Mn |
| Jun 30, 2025 | 15.92 Mn |
| Jun 30, 2025 | 15.92 Mn |
| Mar 31, 2025 | 13.14 Mn |
| Mar 31, 2025 | 13.14 Mn |
| Dec 31, 2024 | 11.62 Mn |
| Dec 31, 2024 | 11.62 Mn |
| Sep 30, 2024 | 12.76 Mn |
| Sep 30, 2024 | 12.76 Mn |
| Jun 30, 2024 | 14.16 Mn |
| Jun 30, 2024 | 14.16 Mn |
| Mar 31, 2024 | 10.85 Mn |
| Mar 31, 2024 | 10.85 Mn |