ThredUp Inc. TDUP Site Credit — 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 issues site credits for returns, which can be applied toward future charges but may not be converted into cash. Site credits may also be converted to ThredUp gift cards beginning after one year at the discretion of the Company. These credits are recognized as revenue when used. As of March 31, 2026 and December 31, 2025, $4.3 million and $4.1 million, respectively, of such customer site credits were included in accrued and other current liabilities within the Company’s condensed consolidated balance sheets. Revenue recognized from the redemption of site credits was $11.4 million and $11.0 million for the three months ended March 31, 2026 and 2025, respectively.
Item 1. Financial Statements
FAQ
- What is ThredUp Inc.'s site credit — deferred revenue?
- ThredUp Inc. (TDUP) reported site credit — deferred revenue of $4.3M in Q1 2026.
- How has ThredUp Inc.'s site credit — deferred revenue changed year-over-year?
- ThredUp Inc.'s site credit — deferred revenue increased by 16.2% year-over-year, from $3.7M to $4.3M.
- What is the long-term trend for ThredUp Inc.'s site credit — deferred revenue?
- Over 2 years (2023 to 2025), ThredUp Inc.'s site credit — deferred revenue has grown at a -14.2% compound annual growth rate (CAGR), from $21.6M to $15.9M.
- What does site credit — deferred revenue mean?
- Represents the liability for unredeemed store credits or gift cards issued to customers that have not yet been utilized for purchases. This balance reflects future performance obligations to provide goods or services in exchange for the prepaid value. Monitoring this metric helps assess customer loyalty and the potential for future revenue realization.
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