ThredUp Inc. TDUP Gift Card Breakage — Revenue recognized
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Where this comes from
Reported directly by ThredUp Inc. in its filing.
Tagged under the XBRL concept us-gaap:ContractWithCustomerLiabilityRevenueRecognized.
The source filing: ThredUp Inc.’s 10-Q, filed May 4, 2026.
- Filed
- May 4, 2026, 4:14 PM EDT
- Fiscal quarter
- Q1 FY2026
- Calendar quarter
- Q1 2026
- Accession
- 0001484778-26-000016
The Company recognizes breakage revenue for the portion of gift card values that are not expected to be redeemed. Breakage revenue is estimated based upon historical customer redemption patterns. Breakage revenue primarily relates to gift cards converted from seller payables and site credits. Judgment is required in determining the appropriate grouping of gift cards for analyzing breakage rates, redemption patterns, and estimating the ultimate value of gift cards not expected to be redeemed. Breakage revenue was $1.3 million and $2.3 million for the three months ended March 31, 2026 and 2025, respectively.
Item 1. Financial Statements
FAQ
- What is ThredUp Inc.'s gift card breakage — revenue recognized?
- ThredUp Inc. (TDUP) reported gift card breakage — revenue recognized of $1.3M in Q1 2026.
- How has ThredUp Inc.'s gift card breakage — revenue recognized changed year-over-year?
- ThredUp Inc.'s gift card breakage — revenue recognized decreased by 43.5% year-over-year, from $2.3M to $1.3M.
- What is the long-term trend for ThredUp Inc.'s gift card breakage — revenue recognized?
- Over 2 years (2023 to 2025), ThredUp Inc.'s gift card breakage — revenue recognized has grown at a 47.5% compound annual growth rate (CAGR), from $4M to $8.7M.
- What does gift card breakage — revenue recognized mean?
- This metric represents the portion of revenue recognized from unredeemed gift card balances that are no longer expected to be used by customers. It reflects the income realized when the likelihood of a customer exercising their right to redeem the card becomes remote based on historical patterns. This serves as an indicator of the company's ability to monetize dormant customer credit liabilities.
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