ThredUp (TDUP) Operating Expenses (2020 - 2026)
ThredUp (TDUP) posted quarterly 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 reported Operating Expenses for 7 consecutive years, with $71.2 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Operating Expenses rose 15.28% year-over-year to $71.2 million; the TTM figure through Mar 2026 stood at $277.9 million (up 13.24% YoY), while the FY2025 annual figure was $268.5 million, up 8.38% from the prior year.
- Operating Expenses grew to $71.2 million in Q1 2026 per TDUP's latest filing, from $70.1 million in the prior quarter.
- Across five years, Operating Expenses topped out at $81.0 million in Q2 2022 and bottomed at $30.9 million in Q4 2023.
- Historically, Operating Expenses has averaged $65.9 million across 5 years, with a median of $68.7 million in 2022.
- Annual changes were most pronounced in 2023 — Operating Expenses slumped 49.59% — and 2024, when it surged 101.3%.
- ThredUp's Operating Expenses stood at $61.4 million in 2022, then plunged by 49.59% to $30.9 million in 2023, then surged by 101.3% to $62.3 million in 2024, then advanced by 12.62% to $70.1 million in 2025, then rose 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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,930.57 Bn | 2,807.58 Bn | 198.88 Bn | 330.81 Bn |
| 2 | PDD Holdings | 507.04 Bn | 447.50 Bn | 9.83 Bn | -5.87 Bn |
| 3 | Mercadolibre | 97.44 Bn | 82.25 Bn | 4.16 Bn | 3.48 Bn |
| 4 | DoorDash | 92.75 Bn | 87.40 Bn | 2.35 Bn | 4.30 Bn |
| 5 | JD.com | 87.43 Bn | 58.25 Bn | 7.66 Bn | -1.51 Bn |
| 6 | Sea | 78.00 Bn | 69.48 Bn | 3.15 Bn | -2.55 Bn |
| 7 | Ebay | 47.53 Bn | 44.22 Bn | 2.30 Bn | 1.63 Bn |
| 8 | Coupang | 29.75 Bn | 23.64 Bn | 2.49 Bn | 9.41 Bn |
| 9 | Zkh | 16.08 Bn | 16.08 Bn | 51.11 Mn | -23.28 Mn |
| 10 | ThredUp | 403.20 Mn | 350.77 Mn | 72.52 Mn | 78.64 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 78.64 Mn |
| 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 |