ThredUp Inc. TDUP Gift Card — Deferred Revenue
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Where this comes from
Reported directly by ThredUp Inc. in its filing.
Tagged under the XBRL concept us-gaap:ContractWithCustomerLiabilityCurrent.
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 sells ThredUp gift cards on its e-commerce website and may also convert seller payables and site credits to ThredUp gift cards one year after issuance at the discretion of the Company. ThredUp gift cards do not expire or lose value over periods of inactivity. The Company accounts for gift cards by recognizing a gift card liability at the time a gift card is delivered to the customer. As of March 31, 2026 and December 31, 2025, gift card liabilities of $3.5 million and $3.9 million, respectively, were included in accrued and other current liabilities within the Company’s condensed consolidated balance sheets. Revenue from redemption of gift cards was not material for the three months ended March 31, 2026 and 2025.
Item 1. Financial Statements
FAQ
- What is ThredUp Inc.'s gift card — deferred revenue?
- ThredUp Inc. (TDUP) reported gift card — deferred revenue of $3.5M in Q1 2026.
- How has ThredUp Inc.'s gift card — deferred revenue changed year-over-year?
- ThredUp Inc.'s gift card — deferred revenue decreased by 53.3% year-over-year, from $7.5M to $3.5M.
- What is the long-term trend for ThredUp Inc.'s gift card — deferred revenue?
- Over 2 years (2023 to 2025), ThredUp Inc.'s gift card — deferred revenue has grown at a -20.4% compound annual growth rate (CAGR), from $36.9M to $23.4M.
- What does gift card — deferred revenue mean?
- This metric represents the liability arising from the sale of gift cards that have not yet been redeemed by customers for goods or services. It reflects the obligation to provide future value to the holder and serves as a leading indicator of potential future revenue recognition. Monitoring this balance helps assess consumer demand and the company's ability to convert prepaid balances into actual sales.
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