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.

Poshmark, Inc.

Poshmark is a leading fashion resale marketplace powered by a vibrant, highly engaged community of buyers and sellers and real-time social experiences. Designed to make online selling fun, more social and easier than ever, Poshmark empowers its sellers to turn their closet into a thriving business and share their style with the world. Since its founding in 2011, Poshmark has grown its community to over 100 million users and generated over $8 billion in GMV, helping sellers realize billions in earnings, delighting buyers with deals and one-of-a-kind items, and building a more sustainable future for fashion.

Since our founding in 2011, our team has grown to over 800 employees located around the world, all of whom are dedicated to our mission of putting people at the heart of commerce. In addition to our headquarters in Redwood City, California, we have offices in Vancouver, Canada and Chennai, India. Interested in joining Team Posh? Head to poshmark.com/careers. 

For company news, please visit newsroom.poshmark.com. 


GGV Capital

K2 Global

Mayfield Fund

Menlo Ventures

Uncork Capital

Temasek Holdings

Inventus Capital Partners

AngelList

JKH Capital

Poshmark

🏆 We’re starting the year on a high note 🏆 For the second year in a row, Poshmark has been featured in Built In’s 2024 Best Places to Work awards, in the category of Best Midsize Places to Work in San Francisco! 

We feel privileged to be acknowledged alongside other outstanding companies that recognize the importance of their workforce, and look forward to continuing to enhance our employee experience in 2024 and beyond! 

Check out Poshmark’s inclusion, along with the full list of honorees, at the link below. 

#AwardAnnouncement #BPTW2024 #BestPlacesToWork #2024BuiltInBest 

In the past year, Posh Shows has been a game changer for our community — giving Poshmark's sellers and shoppers a new way to make connections, grow their businesses, and score their favorite secondhand finds. The success of this innovation was recognized by Modern Retail who named Poshmark a finalist for this year's #ModernRetailAwards, which recognize the companies and campaigns reshaping the retail industry! Modern Retail shared the following about our inclusion: 

"In the Most Innovative Retail Model category, fashion resale marketplace Poshmark is a finalist for its live shopping product. Optimized for fashion resale, Posh Shows are designed to take live commerce mainstream in the U.S.. The shows have reinvigorated Poshmark’s marketplace by helping shoppers feel more comfortable shopping secondhand by getting to interact directly with sellers. Participating sellers have seen increases in sales as they can demonstrate try-ons as requested and provide live styling tips to buyers. As Posh Shows removes barriers to participation in the circular economy, it has become one of the fastest-growing parts of Poshmark’s business."

A huge thank you to Modern Retail for featuring Poshmark in this year's shortlist! Be sure to check out the full list of finalists here, and stay posted for the winners announcement on December 12! 

‘Tis the season for shopping and we’re here with a gift guide to make your holidays a little brighter (and your gifting easier). Check everyone off your list with unique gifts, one-of-a-kind finds, and sold-out styles, all while supporting secondhand fashion, small sellers, and the planet.

From Onitsuka Tiger sneakers for the trend aficionado in your life, to digital cameras for the vintage lover on your list, there's something for everyone on Poshmark.

Explore the full Poshmark Holiday Gift Guide below! 

As the busiest shopping weekend of the year approaches, Sustainable Brands is encouraging consumers to engage in more mindful consumption by sharing a roundup of brand-led sustainability inititaives to shop in lieu of Black Friday. #SecondhandSunday made the list!

"One of the best ways to shop is to support brands and platforms that extend the useful life of existing products, rather than buying new."

Find out more ways to shop sustainably and get involved with Secondhand Sunday at the link below. 

	Dec '18	Dec '19	Dec '20	Dec '21
revenue	148.31M -	205.22M 38.38%	262.08M 27.70%	326.01M 24.39%
cost of revenue	22.84M -	34.14M 49.50%	43.51M 27.43%	51.86M 19.19%
gross profit	125.47M -	171.08M 36.36%	218.57M 27.76%	274.15M 25.43%
selling and marketing expenses	88.44M -	132.47M 49.79%	92.92M 29.86%	142.69M 53.57%
general and administrative expenses	15.46M -	31.47M 103.53%	29.58M 6.03%	56.99M 92.70%
selling general and administrative expenses	103.90M -	163.94M 57.79%	122.49M 25.28%	199.68M 63.02%
research and development expenses	15.48M -	25.03M 61.67%	30.02M 19.94%	58.70M 95.52%
other expenses	21.10M -	31.93M 51.34%	42.65M 33.56%	60.19M 41.11%
cost and expenses	163.32M -	255.05M 56.16%	238.68M 6.42%	370.43M 55.20%
operating expenses	140.49M -	220.91M 57.25%	195.17M 11.65%	318.58M 63.23%
interest expense		1.68M -	569K 66.07%	224K 60.63%
ebitda	-13.58M -	-44.78M 229.74%	20.96M 146.81%	-94.77M 552.04%
operating income	-15.02M -	-49.83M 231.75%	23.40M 146.96%	-98.24M 519.82%
depreciation and amortization	802K -	2.06M 156.36%	2.89M 40.76%	3.47M 19.87%
total other income expenses net	636K -	1.31M 106.13%	-5.90M 549.89%	-224K 96.20%
income before tax	-14.38M -	-48.52M 237.31%	17.50M 136.07%	-98.46M 662.58%
income tax expense	91K -	174K 91.21%	657K 277.59%	-134K 120.40%
net income	-14.47M -	-48.69M 236.39%	16.84M 134.60%	-98.33M 683.73%
weighted average shs out	70.38M -	64.44M 8.45%	73.34M 13.81%	73.34M 0%
weighted average shs out dil	70.38M -	64.44M 8.45%	73.34M 13.81%	73.34M 0%
eps	-0.21 -	-0.76 261.90%	0.23 130.26%	-1.34 682.61%
epsdiluted	-0.21 -	-0.76 261.90%	0.23 130.26%	-1.34 682.61%

NASDAQ:POSH

Poshmark, Inc.

Last Close

17.90

04/01 21:00

Volume Today

5.20M

Avg: 1.14M

PE Ratio

−23.30

PFCF: -

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