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Complete financial analysis of Poshmark, Inc. (POSH) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Poshmark, Inc., a leading company in the Specialty Retail industry within the Consumer Cyclical sector.
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Poshmark, Inc. (POSH)
About Poshmark, Inc.
Poshmark, Inc. operates as a social marketplace for new and secondhand style products in the United States, Canada, India, and Australia. The company offers apparel, footwear, home, beauty, and pet products, as well as accessories. As of December 31, 2021, it had 7.6 million active buyers. The company was formerly known as GoshPosh, Inc. and changed its name to Poshmark, Inc. in 2011. Poshmark, Inc. was incorporated in 2011 and is headquartered in Redwood City, California.
| Metric | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|
| Revenue | 326.01M | 262.08M | 205.23M | 148.31M |
| Cost of Revenue | 51.86M | 43.51M | 34.14M | 22.84M |
| Gross Profit | 274.15M | 218.57M | 171.08M | 125.47M |
| Gross Profit Ratio | 84.09% | 83.40% | 83.36% | 84.60% |
| Research & Development | 58.71M | 30.03M | 25.03M | 15.48M |
| General & Administrative | 56.99M | 29.58M | 31.47M | 15.46M |
| Selling & Marketing | 142.69M | 92.92M | 132.47M | 88.44M |
| SG&A | 199.68M | 122.49M | 163.94M | 103.90M |
| Other Expenses | 60.19M | 42.65M | 31.94M | 21.10M |
| Operating Expenses | 318.58M | 195.17M | 220.91M | 140.49M |
| Cost & Expenses | 370.43M | 238.68M | 255.05M | 163.33M |
| Interest Income | 224.00K | 569.00K | 1.68M | 1.10M |
| Interest Expense | 224.00K | 569.00K | 1.68M | 0.00 |
| Depreciation & Amortization | 3.47M | 2.89M | 2.06M | 802.00K |
| EBITDA | -94.99M | 20.97M | -44.79M | -13.58M |
| EBITDA Ratio | -29.07% | 8.00% | -21.82% | -9.16% |
| Operating Income | -98.24M | 23.40M | -49.83M | -15.02M |
| Operating Income Ratio | -30.13% | 8.93% | -24.28% | -10.13% |
| Total Other Income/Expenses | -54.04M | -5.90M | 1.31M | 636.00K |
| Income Before Tax | -98.46M | 17.50M | -48.52M | -14.38M |
| Income Before Tax Ratio | -30.20% | 6.68% | -23.64% | -9.70% |
| Income Tax Expense | -134.00K | 657.00K | 174.00K | 91.00K |
| Net Income | -98.33M | 16.85M | -48.69M | -14.48M |
| Net Income Ratio | -30.16% | 6.43% | -23.73% | -9.76% |
| EPS | -1.34 | 0.23 | -0.76 | -0.21 |
| EPS Diluted | -1.34 | 0.23 | -0.76 | -0.21 |
| Weighted Avg Shares Out | 73.34M | 73.34M | 64.44M | 70.38M |
| Weighted Avg Shares Out (Dil) | 73.34M | 73.34M | 64.44M | 70.38M |
Poshmark Stock Surges After Buyout News
Poshmark Inc (NYSE:POSH) stock is surging today, up 13.1% at $17.61 at last glance, after news that South Korea-based e-commerce company Naver is acquiring the online marketplace for $1.2 billion.
Poshmark shares open 15% up on Tuesday: explained here
Poshmark Inc (NASDAQ: POSH) opened nearly 15% up on Tuesday after Naver Corp (KRX: 035420) said it will buy the social commerce marketplace for $1.20 billion. Details of the announced agreement The $17.90 a share transaction is expected to complete...
POSH Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of Poshmark, Inc. Is Fair to Shareholders
NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of Poshmark, Inc. (NASDAQ: POSH) to Naver Corp. for $17.90 per share in cash is fair to Poshmark shareholders. Halper Sadeh encourages Poshmark shareholders to...
Korean Internet Giant Naver To Buy American Fashion Reseller Poshmark For $1.2 Billion
With Naver's support, Poshmark will pursue a broader international expansion strategy in the medium-term, including into other developed markets in Asia.
South Korean Internet Giant Buys Poshmark in $1.2 Billion Deal
With its new acquisition — the company's largest to date — Naver has gained a sizable foothold in North America's secondhand retail market.
Naver to Acquire Poshmark | Business Wire
SEONGNAM-SI, South Korea & REDWOOD CITY, Calif.–(BUSINESS WIRE)–Naver Corp. (KRX: 035420) (“Naver”), Korea’s largest internet company, and Poshmark, Inc. (NASDAQ: POSH) (“Poshmark”), a leading social e-commerce marketplace for new and secondhand style, today announced that they have entered into a...
South Korean internet firm to acquire Poshmark for $1.2 billion
South Korean internet giant Naver is acquiring leading online resale platform Poshmark for $1.2 billion, the companies announced Monday.
South Korea's Naver to Buy Poshmark in Bid to Boost eCommerce
Naver plans to buy new and used clothing market Poshmark, according to both companies on Monday (Oct. 3), a report from The Wall Street Journal said. The deal will go forward for $17.90 a share, or around $1.2 billion.
Poshmark to be bought by South Korean internet company Naver in $1.2 billion deal
Online secondhand-fashion marketplace Poshmark Inc. has agreed to be bought by South Korean internet company Naver in a $1.2 billion deal, the two companies announced Monday.
South Korea's Naver to buy U.S. e-commerce site Poshmark for $1.2 billion
The companies said the deal will deepen Naver's reach in online retail, while allowing Poshmark to expand into international markets.
Source: https://incomestatements.info
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