0001484778-25-000081
SEC filingThredUp holds $41M cash, $6.6M marketable securities, and $20.1M debt; no purchase commitments; single operating segment.
As of June 30, 2025, ThredUp reported $40.97 million in cash and cash equivalents, plus $6.61 million in marketable securities (all classified as available-for-sale, maturing within one year). Total debt stood at $20.08 million, comprising the term loan with Western Alliance Bank. The company maintained $4.9 million in restricted cash. Deferred revenue of $1.52 million was largely from gift cards and site credits, down from $3.33 million at year-end 2024.
The notes disclose no material purchase commitments, supply agreements, or off-balance-sheet arrangements. Legal contingencies are deemed immaterial.
ThredUp did not repurchase any shares or pay dividends during the period. Debt activity was limited to mandatory principal repayments of $2.0 million in the first half of 2025, reducing the term loan balance from $22.3 million to $20.3 million (gross). No new debt was issued. Capital expenditures were not explicitly disclosed in the notes; however, the cash flow statement (not part of notes) shows $5.1 million in capex for H1 2025.
The company operates as a single reportable segment. The CODM reviews consolidated financials, with no further segment breakdown provided in the notes.