Etsy’s Q4 2024 Earnings Report: Record Revenue Masks GMS Woes as Depop Steals the ShowEtsy’s Q4 2024 dazzles with $852M revenue and 29.4% margins, but a 6.8% GMS drop looms large - can Depop’s 31.6% surge save the day?
February 19, 2025
Etsy ETSY
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Relative Strength Index (RSI)
- The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. It is typically used to identify overbought or oversold conditions in financial markets.
- The RSI is calculated using the following formula:
RSI = 100 - (100 / (1 + RS))
Where RS is the ratio of the average gains to the average losses over a specified period.
- The default time period used is 14 days.
- RSI values range between 0 and 100.
RSI values above 70 are considered overbought (indicating a potentially opportune time to sell)
RSI values below 30 are considered oversold (indicating a potentially opportune time to buy)
RSI is not a perfect indicator and should be used in conjunction with other technical analysis tools, this is for informational purposes only and is not a substitute for professional financial advice.
About
Etsy (ETSY) Business Model and Operations Summary
Etsy operates a top-10 e-commerce marketplace operator in the us and the UK, with sizable operations in Germany, France, Australia, and Canada. The firm dominates an interesting niche, connecting buyers and sellers through its online market to exchange vintage and craft goods. With $13.2 billion in 2023 consolidated gross merchandise volume, Etsy has cemented itself as one of the largest players in a quickly growing space, generating revenue from listing fees, commissions on sold items, advertising services, payment processing, and shipping labels. As of the end of 2023, the firm connected more than 96 million buyers and 9 million sellers on its marketplace properties: Etsy, Reverb (musical equipment), and Depop (clothing resale).
Key Insights
Etsy (ETSY) Core Market Data and Business Metrics
Latest Closing Price
$48.53Market Cap
$5.72 BillionPrice-Earnings Ratio
24.76Total Outstanding Shares
116.93 Million SharesTotal Employees
2,420Dividend
No dividendIPO Date
April 16, 2015SIC Description
Services-business Services, NecPrimary Exchange
NASDAQHeadquarters
117 Adams Street, Brooklyn, NY, 11201
Historical Stock Splits
| Execution Date | Split Amount |
|---|---|
| No Historical Stock Splits | |
Short Interest
Track Short Interest Levels to Gauge Bearish Market Sentiment and Short Squeeze Potential
| Avg Daily Volume | Days to Cover | Settlement Date | Short Interest |
|---|---|---|---|
| 4,529,183 Shares | 4.38 | 3/14/2025 | 19,837,025 Shares |
| 5,666,604 Shares | 3.46 | 2/28/2025 | 19,603,511 Shares |
| 2,707,476 Shares | 7.4 | 2/14/2025 | 20,030,185 Shares |
| 2,693,590 Shares | 6.73 | 1/31/2025 | 18,134,791 Shares |
| 2,861,788 Shares | 6.61 | 1/15/2025 | 18,930,335 Shares |
| 4,718,793 Shares | 3.65 | 12/31/2024 | 17,214,397 Shares |
Cash Flow Statement
October 1, 2023 to September 30, 2024
| Metric | Value |
|---|---|
| Net Cash Flow From Investing Activities, Continuing | $-56.08 Million |
| Net Cash Flow From Operating Activities | $732.62 Million |
| Net Cash Flow | $76.98 Million |
| Net Cash Flow, Continuing | $56.04 Million |
| Net Cash Flow From Financing Activities | $-620.49 Million |
| Exchange Gains/Losses | $20.94 Million |
Income Statement
October 1, 2023 to September 30, 2024
| Metric | Value |
|---|---|
| Net Income/Loss | $256.64 Million |
| Costs And Expenses | $2.46 Billion |
| Diluted Earnings Per Share | $1.96 |
| Net Income/Loss Attributable To Parent | $256.64 Million |
| Nonoperating Income/Loss | $1.08 Million |
| Cost Of Revenue | $812.62 Million |
Comprehensive Income
October 1, 2023 to September 30, 2024
| Metric | Value |
|---|---|
| Comprehensive Income/Loss Attributable To Parent | $317.90 Million |
| Comprehensive Income/Loss | $317.90 Million |
| Other Comprehensive Income/Loss Attributable To Parent | $61.26 Million |
| Comprehensive Income/Loss Attributable To Noncontrolling Interest | $0 |
| Other Comprehensive Income/Loss | $317.90 Million |
Balance Sheet
October 1, 2023 to September 30, 2024
| Metric | Value |
|---|---|
| Liabilities | $3.07 Billion |
| Wages | $65.52 Million |
| Equity Attributable To Parent | $-624.30 Million |
| Long-term Debt | $2.29 Billion |
| Current Liabilities | $552.96 Million |
| Equity Attributable To Noncontrolling Interest | $0 |
Historical Dividends
| Announcement Date | Payment Date | Record Date | Amount | Frequency |
|---|---|---|---|---|
| No historical dividends | ||||