Etsy Inc. Releases 10-K Report, Sells Depop to eBay for $1.2 Billion

By Chris Stiles • Thursday, February 19 15:46 • Permanent Link

Etsy Inc. has recently released its 10-K report, providing an in-depth look at the company's financial performance and operations. Etsy, Inc. operates two-sided online marketplaces connecting buyers and sellers globally. The company operates through three segments: Etsy, Reverb, and Depop. The Etsy marketplace is the global destination for unique, creative goods from independent sellers, while Depop is a leading fashion resale marketplace. On February 15, 2026, Etsy entered into a Sale and Purchase Agreement with eBay Inc. for eBay to purchase Depop for $1.2 billion in cash.

In the 10-K report, Item 7 discusses the Management’s Discussion and Analysis of Financial Condition and Results of Operations. It includes forward-looking statements and provides information on the company's outlook, key trends, uncertainties, and plans for future success. The report also highlights the company's financial measures and key operating metrics for the year ended December 31, 2025.

The financial measures and key operating metrics for the year ended December 31, 2025, include: Gross Merchandise Sales (GMS) of $11,916,900, reflecting a 5.3% decline from the previous year. Revenue of $2,883,501, showing a 2.7% increase from the previous year. Net income of $162,982, representing a 46.3% decline from the previous year. Active sellers increased by 7.7% to 8,762, while active buyers decreased by 2.0% to 93,539.

The report also delves into the company's marketplace activities, revenue sources, costs and operating expenses, and the impact of the sale of Reverb on its financials. It provides detailed insights into the company's performance, including revenue breakdown, costs of revenue, marketing expenses, product development, general and administrative expenses, and asset impairment charges.

The report further discusses the factors contributing to the decline in Gross Merchandise Sales, including the impact of the sale of Reverb, evolving buyer behavior, and macroeconomic environments. It also addresses the uncertainty regarding the evolving tariff landscape and its potential impact on consumer demand and discretionary spending.

Today the company's shares have moved -2.92% to a price of $61.77. If you want to know more, read the company's complete 10-K report here.

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