Poshmark

OverviewSuggest Edit

Poshmark is a company developing a mobile fashion marketplace built around real-time social experiences. It enables users to purchase and distribute new and secondhand clothing for women, men, kids, home, etc.
TypePublic
Founded2011
HQRedwood City, CA, US
Websiteposhmark.com
Employee Ratings4.2
Overall CultureA

Latest Updates

Employees (est.) (Sept 2020)501(+137%)
Job Openings70
Revenue (FY, 2021)$326 M(+25%)
Share Price (Aug 2022)$11.1(+3%)
Cybersecurity ratingCMore
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Key People/Management at Poshmark

Manish Chandra

Manish Chandra

Founder & Chief Executive Officer
Tracy Sun

Tracy Sun

Co-founder & SVP of New Markets
Lyann Chhay

Lyann Chhay

SVP of Community
Gautam Golwala

Gautam Golwala

Co-Founder & Chief Technology Officer
Anan Kashyap

Anan Kashyap

Chief Financial Officer
John McDonald

John McDonald

Chief Operating Officer
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Poshmark Office Locations

Poshmark has an office in Redwood City
Redwood City, CA, US (HQ)
203 Redwood Shores Pkwy 8th floor
Show all (1)

Poshmark Financials and Metrics

Poshmark Revenue

Poshmark's revenue was reported to be $326.01 m in FY, 2021
USD

Revenue (Q1, 2022)

90.9m

Net income (Q1, 2022)

(14.0m)

EBIT (Q1, 2022)

(14.4m)

Market capitalization (1-Aug-2022)

865.6m

Closing stock price (1-Aug-2022)

11.1
Poshmark's current market capitalization is $865.6 m.
Annual
USDFY, 2018FY, 2019FY, 2020FY, 2021

Revenue

148.3m205.2m262.1m326.0m

Revenue growth, %

38%

Cost of goods sold

22.8m34.1m

Gross profit

125.5m171.1m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022

Revenue

52.9m47.6m50.0m57.1m66.9m68.8m81.0m81.8m79.7m90.9m

Cost of goods sold

7.9m7.9m8.5m9.9m10.7m11.4m

Gross profit

45.1m39.7m41.4m47.2m56.2m57.4m

Gross profit Margin, %

85%83%83%83%84%83%
Annual
USDFY, 2018FY, 2019FY, 2020FY, 2021

Cash

74.5m63.3m235.8m

Prepaid Expenses

7.9m

Current Assets

143.8m136.0m270.0m

PP&E

2.4m9.8m8.4m
Quarterly
USDQ3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022

Cash

216.6m551.4m573.4m589.0m

Prepaid Expenses

11.3m9.4m9.3m

Current Assets

255.4m586.0m588.9m598.4m

PP&E

8.9m8.3m7.9m7.9m
Annual
USDFY, 2018FY, 2019FY, 2020FY, 2021

Net Income

(14.5m)(48.7m)16.8m(98.3m)

Depreciation and Amortization

802.0k2.1m2.9m3.6m

Accounts Payable

(3.2m)(5.8m)10.2m(10.7m)

Cash From Operating Activities

12.1m(6.7m)84.3m28.6m
Quarterly
USDQ3, 2019Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022

Net Income

(33.9m)20.9m(74.5m)(77.5m)(84.7m)(14.0m)

Depreciation and Amortization

1.4m2.1m790.0k1.6m2.5m1.0m

Accounts Payable

7.9m10.8m3.1m2.8m(1.7m)11.4m

Cash From Operating Activities

10.3m68.2m19.9m25.1m32.8m14.2m
USDFY, 2018

Financial Leverage

-1.7 x
Show all financial metrics

Poshmark Operating Metrics

Poshmark's Registered Users was reported to be 70 m in Q3, 2020. Poshmark's Active Users was reported to be 31.7 m in Q3, 2020.
Oct, 2018Dec, 2018FY, 2019Q3, 2020

Brands

5 k9.43 k

Social Connections

2 b20.5 b

Registered Users

40 m70 m

Active Users

31.7 m

Poshmark Acquisitions / Subsidiaries

Company NameDateDeal Size
Poshmark Canada Inc.
Poshmark India Private Limited
Poshmark Pty Ltd.

Poshmark Cybersecurity Score

Cybersecurity ratingPremium dataset

C

77/100

SecurityScorecard logo

Poshmark Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

CSRHub logo

Poshmark Online and Social Media Presence

Embed Graph

Poshmark Company Culture

  • Overall Culture

    A

    81/100

  • CEO Rating

    A+

    87/100

  • Compensation

    C+

    71/100

  • Diversity

    B+

    83/100

Learn more on Comparably

Poshmark News and Updates

Poshmark, Inc. Announces Date For Second Quarter 2022 Earnings Release and Conference Call

REDWOOD CITY, Calif., July 12, 2022 (GLOBE NEWSWIRE) -- Poshmark, Inc. (Nasdaq: POSH), a leading social marketplace for new and secondhand style for women, men, kids, pets, home and more, today announced it will release its second quarter 2022 financial results on Thursday, August 11, 2022, after …

Poshmark, Inc. Set to Join Russell 3000® Index

Milestone expands awareness among investors Milestone expands awareness among investors

Poshmark shares soar after better-than-expected quarterly results

Poshmark Inc. shares soared 24.6% in Friday trading after the seller of new and secondhand items reported better-than-expected first-quarter results. Net loss totaled $14.0 million, or 18 cents per share, after a loss of $74.1 million, or $1.18 per share last year. Revenue of $90.9 million was up f…

Poshmark, Inc. Reports First Quarter 2022 Financial Results

Q1 Gross Merchandise Value Increased 12% Year-over-Year to $493.4 millionQ1 Total Revenue Increased 13% Year-over-Year to $90.9 millionQ1 Adjusted EBITDA was ($4.7) million with (5.2%) margins

How to earn money selling clothes on apps like Depop and Poshmark

Depop and Poshmark are social platforms where you earn money by selling your clothes and accessories. Here's how you can maximize the money you earn.

India’s social commerce sector alone will be twice the size of the current ecommerce market within 10 years - Poshmark India Head

In a conversation with YourStory, Manish Chandra, Founder and CEO, Poshmark, and Anuradha Balasubramaniam, Head of Poshmark India Marketplace, talk about their India plans.
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Poshmark Blogs

I make up to $9,000 a week reselling clothes online – it all started as a side hustle and you can do it too

Mona Mejia started on Poshmark five years ago with some clothes she pulled from her and her kids' closets. She now now makes six figures selling on Poshmark, and has been able to change the lives of her whole family with her business -- including buying a significantly bigger home, paying off their …

Latest Feature Updates on Posh: August 2022

App update alert! In this series, we’ll be rounding up some of our newest features and feature upgrades so that you can stay up to date on all the latest and greatest that were made exclusively for you, all in one place. We create tools with you in mind, so that selling on Poshmark is…Continue readi…

From hobby to side hustle, Corpus Christi woman shares financial success story

From a hobby to a side hustle, Corpus Christi resident Kim Gonzalez managed to turn a single Nike hat into a full time business, using her earnings to pay for living expenses like gas, groceries, phone bill, and more. View Article

Co-founder Tracy Sun on Poshmark’s ‘more intense focus’ on customers since going public

In her 10 years of e-commerce experience, Tracy Sun, co-founder of Poshmark, has seen how quickly the online resale landscape has evolved. Tracy joined Glossy Editor in Chief Jill Manoff for an episode of The Glossy Podcast to discuss. View Article

How to Become a Top-Seller on Poshmark, According to 3 Pros

POPSUGAR spoke to three leading sellers — Olivia Hillier, Lindsay Kopp, and Kaitlin Kaos — all of whom have made $50,000 or more in total earnings from utilizing the tools offered and developing their own strategies for success. Luckily, they're shedding light on some of their favorite tricks. Vi…

Poshmark Canada Turns Three, a Report by Poshmark

A Note from Maria Morales, General Manager, Canada This month, we are thrilled to be celebrating our third anniversary in Canada. Together we’ve built, grown, and nurtured a powerful, fun, and supportive community of over 4 million sellers, buyers, secondhand-lovers, and entrepreneurs across all pro…
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Poshmark Frequently Asked Questions

  • When was Poshmark founded?

    Poshmark was founded in 2011.

  • Who are Poshmark key executives?

    Poshmark's key executives are Manish Chandra, Tracy Sun and Lyann Chhay.

  • How many employees does Poshmark have?

    Poshmark has 501 employees.

  • What is Poshmark revenue?

    Latest Poshmark annual revenue is $326 m.

  • What is Poshmark revenue per employee?

    Latest Poshmark revenue per employee is $650.7 k.

  • Who are Poshmark competitors?

    Competitors of Poshmark include thredUP, Mercari and eBay.

  • Where is Poshmark headquarters?

    Poshmark headquarters is located at 203 Redwood Shores Pkwy 8th floor, Redwood City.

  • Where are Poshmark offices?

    Poshmark has an office in Redwood City.

  • How many offices does Poshmark have?

    Poshmark has 1 office.