Company / R&D Expense
ThredUp Inc. R&D Expense History
FY2019-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest R&D Expense
$32.1M
FY2025
5-year range
$20.7M / $32.6M
FY2021-FY2025
Trend
-1.5%
vs FY2024
Sector context
#42 of 54
Consumer Discretionary
What the data says
ThredUp Inc.'s r&d expense of $32M is lower than 78% of companies in the Consumer Discretionary sector (FY2025).
Based on SEC 10-K filings.
$32M in FY2025 with a 5-year CAGR of +9.2%.
Remained stable around $32M over the past 2 years.
Consumer Discretionary sector context is included.
R&D Expense over time
Growth rates
- 3-Year CAGR
- +15.7%
- 5-Year CAGR
- +9.2%
- 10-Year CAGR
- -
Sector benchmark
Bottom 22% in Consumer DiscretionaryTop 78% of 54This company $32.1M Sector average $618.8M
▼
-94.8% below sector average
Key checks
Key Insights
- 5-year CAGR of +9.2%, indicating consistent growth.
- In FY2025, r&d expense decreased 1.5% year-over-year.
- Ranks #42 out of 54 companies in the Consumer Discretionary sector.
- Peak r&d expense was recorded in FY2024.
Company context
Key Data Points
- Altman Z-Score -1.26 (distress zone, below 1.8 threshold)
- Negative profit margin: -29.6%
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | R&D ExpenseValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $32.1M | -1.5% |
| FY2024 | $32.6M | +0.0% |
| FY2023 | $32.6M | +57.5% |
| FY2022 | $20.7M | -27.9% |
| FY2021 | $28.7M | +38.6% |
| FY2020 | $20.7M | +8.9% |
| FY2019 | $19.0M | - |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026