ThredUp (TDUP) Operating Expenses (2020 - 2026)
ThredUp (TDUP) reported Operating Expenses of $71.2 million for Q1 2026, up 15.28% year-over-year from $61.8 million in Q1 2025, and up 1.62% quarter-over-quarter from $70.1 million in Q4 2025.
ThredUp (TDUP) Operating Expenses (2020 - 2026) Analysis & Trends
ThredUp (TDUP) has 7 years of Operating Expenses data on file, last reported at $71.2 million in Q1 2026.
- Operating Expenses for Q1 2026 came in at $71.2 million, up 15.28% year-over-year; the trailing twelve-month figure through Mar 2026 was $277.9 million (up 13.24% YoY), and the FY2025 annual result was $268.5 million, up 8.38% from the prior year.
- Operating Expenses climbed to $71.2 million in Q1 2026 per TDUP's latest filing, from $70.1 million in the prior quarter.
- Over five years, Operating Expenses peaked at $81.0 million in Q2 2022 and troughed at $30.9 million in Q4 2023.
- A 5-year average of $65.9 million and a median of $68.7 million in 2022 frame the typical range for Operating Expenses.
- The sharpest annual moves came in 2023 and 2024: Operating Expenses slumped 49.59% in 2023, then surged 101.3% in 2024.
- A 5-year view of Operating Expenses shows it stood at $61.4 million in 2022, then tumbled by 49.59% to $30.9 million in 2023, then jumped by 101.3% to $62.3 million in 2024, then gained by 12.62% to $70.1 million in 2025, then increased by 1.62% to $71.2 million in 2026.
- Business Quant data shows TDUP's Operating Expenses at $71.2 million in Q1 2026, $70.1 million in Q4 2025, and $69.6 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,551.03 Bn | 2,407.94 Bn | 171.21 Bn | 157.67 Bn |
| 2 | Mercadolibre | 82.72 Bn | 77.07 Bn | 3.86 Bn | 3.25 Bn |
| 3 | DoorDash | 72.09 Bn | 67.22 Bn | 2.04 Bn | 3.89 Bn |
| 4 | PDD Holdings | 62.92 Bn | 38.25 Bn | 12.81 Bn | -5.87 Bn |
| 5 | Ebay | 48.30 Bn | 44.44 Bn | 2.29 Bn | 1.68 Bn |
| 6 | Coupang | 34.44 Bn | 34.35 Bn | 2.30 Bn | 8.75 Bn |
| 7 | Zkh | 14.36 Bn | 14.36 Bn | 285.30 Mn | -23.28 Mn |
| 8 | Wayfair | 10.72 Bn | 9.65 Bn | 880.00 Mn | 891.00 Mn |
| 9 | Maplebear | 10.27 Bn | 9.58 Bn | 738.00 Mn | 556.00 Mn |
| 10 | ThredUp | 685.70 Mn | 636.25 Mn | 64.66 Mn | 71.25 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 71.25 Mn |
| Dec 31, 2025 | 70.11 Mn |
| Sep 30, 2025 | 69.60 Mn |
| Jun 30, 2025 | 66.98 Mn |
| Mar 31, 2025 | 61.81 Mn |
| Dec 31, 2024 | 62.26 Mn |
| Sep 30, 2024 | 59.22 Mn |
| Jun 30, 2024 | 62.16 Mn |
| Mar 31, 2024 | 64.11 Mn |
| Dec 31, 2023 | 30.93 Mn |
| Sep 30, 2023 | 74.82 Mn |
| Jun 30, 2023 | 74.44 Mn |
| Mar 31, 2023 | 71.28 Mn |
| Dec 31, 2022 | 61.36 Mn |
| Sep 30, 2022 | 68.69 Mn |
| Jun 30, 2022 | 80.98 Mn |
| Mar 31, 2022 | 70.80 Mn |
| Dec 31, 2021 | 66.51 Mn |
| Sep 30, 2021 | 61.59 Mn |
| Jun 30, 2021 | 58.02 Mn |