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
DateValue
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