ETSY

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Etsy, Inc.

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Key Metrics

Previous Close: $80.46
52-Week Range: $44.00 – $87.97
Market Cap: $7.45B
P/E (TTM): 25.70
EPS (TTM): 3.16
Dividend Yield: —

Advanced Metrics

Price/Book: —
PEG Ratio: 1.05
Return on Equity: —
Return on Assets: 10.53%
Gross Margin: 71.40%
Operating Margin: 18.74%
Profit Margin: 7.11%
Current Ratio: 1.48
Debt/Equity: —
Total Debt: $3.08B
Free Cash Flow: $169.67M
Revenue Growth: 6.20%
Earnings Growth: —
Enterprise Value: $9.34B

ETSY Income statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Revenue	$2.57B	$2.75B	$2.81B	$2.88B
Cost of Revenue	$744.59M	$828.67M	$774.55M	$817.80M
Gross Profit	$1.82B	$1.92B	$2.03B	$2.07B
Research & Development	$412.40M	$469.33M	$443.06M	$450.19M
Selling, General & Admin	$1.02B	$1.10B	$1.21B	$1.25B
Operating Expenses	$1.44B	$1.57B	$1.65B	$1.70B
Operating Income	$386.46M	$347.93M	$380.21M	$367.91M
EBITDA	-$551.11M	$398.19M	$532.65M	$367.02M
Pretax Income	-$661.98M	$292.82M	$410.77M	$246.66M
Income Tax	$32.31M	-$14.75M	$107.49M	$83.68M
Net Income	-$694.29M	$307.57M	$303.28M	$162.98M
Diluted EPS	-5.48	2.24	2.35	1.39
Diluted Shares	126.78M	140.15M	131.72M	124.11M

ETSY Balance Sheet statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Cash & Equivalents	$921.28M	$914.32M	$811.18M	$1.40B
Receivables	$261.85M	$290.12M	$198.26M	$213.69M
Current Assets	$1.51B	$1.57B	$1.33B	$1.96B
Total Assets	$2.63B	$2.69B	$2.42B	$2.83B
Current Liabilities	$631.75M	$710.78M	$665.11M	$1.36B
Long-Term Debt	$2.28B	$2.28B	$2.29B	$2.33B
Total Debt	$2.39B	$2.39B	$2.38B	$3.08B
Total Liabilities	$3.18B	$3.23B	$3.18B	$3.93B
Retained Earnings	-$1.05B	-$1.36B	-$1.78B	-$2.40B
Shareholders' Equity	-$547.27M	-$543.72M	-$758.87M	-$1.10B
Working Capital	$881.99M	$859.66M	$662.58M	$597.36M
Net Debt	$1.36B	$1.37B	$1.48B	$1.59B

ETSY Cash Flow statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Operating Cash Flow	$683.61M	$705.51M	$752.47M	$693.41M
Capital Expenditure	-$37.20M	-$39.91M	-$43.50M	-$54.66M
Free Cash Flow	$646.41M	$665.61M	$708.97M	$638.75M
Depreciation & Amortisation	$96.70M	$91.32M	$108.07M	$101.84M
Stock-Based Compensation	$230.89M	$284.56M	$282.85M	$244.75M
Investing Cash Flow	-$30.02M	-$73.31M	-$53.10M	$32.08M
Financing Cash Flow	-$506.48M	-$656.53M	-$787.17M	-$169.88M
Share Repurchases	-$425.73M	-$576.97M	-$723.90M	-$776.90M
Net Change in Cash	$147.10M	-$24.33M	-$87.80M	$555.62M

ETSY Income statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Revenue	$612.20M	$672.66M	$678.03M	$881.64M	$631.28M
Cost of Revenue	$167.80M	$193.55M	$194.65M	$237.55M	$175.68M
Gross Profit	$444.40M	$479.12M	$483.38M	$644.09M	$455.60M
Research & Development	$100.81M	$111.86M	$113.38M	$114.44M	$99.05M
Selling, General & Admin	$245.76M	$290.82M	$287.29M	$400.25M	$236.70M
Operating Expenses	$346.57M	$402.69M	$400.67M	$514.69M	$335.75M
Operating Income	$97.83M	$76.43M	$82.71M	$129.40M	$119.85M
EBITDA	$115.02M	$90.42M	$122.03M	$167.29M	$135.16M
Pretax Income	-$14.59M	$51.15M	$92.08M	$136.75M	$129.26M
Income Tax	$20.50M	$22.31M	$16.58M	$26.02M	$24.60M
Net Income	-$52.10M	$28.84M	$75.50M	$110.73M	$69.68M
Diluted EPS	-0.49	0.25	0.63	0.92	0.60
Diluted Shares	107.08M	121.51M	124.96M	123.54M	121.03M

ETSY Balance Sheet statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Cash & Equivalents	$649.19M	$1.18B	$1.25B	$1.40B	$1.21B
Receivables	$170.99M	$147.07M	$175.65M	$213.69M	$194.57M
Current Assets	$1.11B	$1.65B	$1.79B	$1.96B	$2.11B
Total Assets	$2.12B	$2.56B	$2.65B	$2.83B	$2.68B
Current Liabilities	$519.14M	$486.36M	$565.07M	$1.36B	$1.25B
Long-Term Debt	$2.29B	$2.98B	$2.98B	$2.33B	$2.33B
Total Debt	$2.39B	$3.08B	$3.08B	$3.08B	$3.08B
Total Liabilities	$3.03B	$3.68B	$3.77B	$3.93B	$3.82B
Retained Earnings	-$2.03B	-$2.34B	-$2.38B	-$2.40B	-$2.48B
Shareholders' Equity	-$910.30M	-$1.12B	-$1.11B	-$1.10B	-$1.14B
Working Capital	$590.85M	$1.16B	$1.23B	$597.36M	$862.26M
Net Debt	$1.64B	$1.80B	$1.73B	$1.59B	$1.77B

ETSY Cash Flow statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Operating Cash Flow	$49.18M	$108.14M	$218.97M	$317.12M	$80.74M
Capital Expenditure	-$12.20M	-$19.38M	-$13.85M	-$9.24M	-$9.86M
Free Cash Flow	$36.98M	$88.76M	$205.12M	$307.89M	$70.88M
Depreciation & Amortisation	$17.19M	$35.50M	$24.26M	$24.89M	$15.31M
Stock-Based Compensation	$56.18M	$64.44M	$60.77M	$63.35M	$52.96M
Investing Cash Flow	-$20.68M	$76.22M	-$24.02M	$552.00K	-$16.52M
Financing Cash Flow	-$204.78M	$326.85M	-$126.65M	-$165.29M	-$158.45M
Share Repurchases	-$189.18M	-$334.68M	-$119.82M	-$133.23M	-$145.22M
Net Change in Cash	-$176.28M	$511.21M	$68.30M	$152.38M	-$94.22M

Market Snapshot

About

Etsy, Inc. operates a global online marketplace focused on handmade, vintage, and unique factory-manufactured items. The platform connects millions of creative entrepreneurs with buyers seeking distinctive products across categories including jewelry, home decor, art, craft supplies, and clothing. Etsy generates revenue primarily through transaction fees, listing fees, payment processing, and advertising services for sellers. Founded in 2005 and headquartered in Brooklyn, New York, the company has built a strong brand identity centered on creativity, sustainability, and supporting small businesses. Etsy also operates Reverb, a marketplace for new and used musical instruments.