ThredUp (TDUP) Cost of Revenue (2020 - 2026)

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.