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Etsy, Inc.

NASDAQ•ETSY
CEO: Mr. Joshua G. Silverman
Sector: Consumer Cyclical
Industry: Specialty Retail
Listing Date: 2015-04-16
Etsy, Inc., together with its subsidiaries, operates two-sided online marketplaces that connect buyers and sellers in the United States, the United Kingdom, Germany, Canada, Australia, and France. Its primary marketplace is Etsy.com that connects artisans and entrepreneurs with various consumers. The company also offers Reverb, a musical instrument marketplace; Depop, a fashion resale marketplace; and Elo7, a Brazil-based marketplace for handmade and unique items. In addition, it offers various seller services, including Etsy Payments, a payment processing service; Etsy Ads, an advertising platform; and Shipping Labels, which allows sellers in the United States, Canada, the United Kingdom, Australia, and India to purchase discounted shipping labels. Further, the company provides the Etsy Purchase Protection program that is designed to help buyers; the Etsy Share and Save program for sellers to save on Etsy fees for sales that drive to their Etsy shop from their own channels. Additionally, it offers educational resources comprising blog posts, video tutorials, Etsy Seller Handbook, Etsy.com online forums, and insights; Etsy Teams, a platform to build personal relationships with other Etsy sellers; and a Star Seller program. The company was formerly known as Indieco, Inc changed its name to Etsy, Inc. in June 2006. Etsy, Inc. was founded in 2005 and is headquartered in Brooklyn, New York.
Contact Information
117 Adams Street, Brooklyn, NY, 11201, United States
718-880-3660
www.etsy.com
Market Cap
$5.22B
P/E (TTM)
31.8
28.4
Dividend Yield
--
52W High
$76.52
52W Low
$40.05
52W Range
35%
Rank36Top 31.8%
4.5
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Average • 4.5 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025

Financial Dashboard

Q4 2025 Data

Revenue

$881.64M+0.00%
4-Quarter Trend

EPS

$1.13+0.00%
4-Quarter Trend

FCF

$347.17M+0.00%
4-Quarter Trend

2025 Annual Earnings Highlights

Key Highlights

Total Revenue Growth Total revenue $2.88B USD, up 2.7%, driven by Services revenue growth of 11.3% offsetting marketplace softness.
Active Seller Base Active sellers increased 7.7% to 8.76M, signaling improved seller health and engagement following 2024 fee changes.
Depop GMS Momentum Depop GMS surged 36.3% to $1.07B, providing a significant tailwind to consolidated Gross Merchandise Sales results.
Strong Cash Generation Free Cash Flow totaled $638.8M, supporting $777.1M in stock repurchases during 2025 under approved programs.

Risk Factors

GMS and Buyer Decline Total GMS declined 5.3% to $11.92B, reflecting ongoing macroeconomic pressure on consumer discretionary spending.
Net Income Sharp Drop Net Income fell 46.3% to $163.0M, heavily impacted by the $101.7M goodwill impairment charge related to Reverb.
Marketplace Trust Risks Marketplace trust and safety are crucial; perceived inaccuracies or security breaches could cause member attrition and reputational harm.
Third-Party Technology Reliance Reliance on Google Cloud for core services introduces operational risk from potential disruption or unexpected rising hosting costs.

Outlook

Depop Sale Execution Depop sale to eBay for $1.2B cash expected closing Q2 2026, proceeds earmarked for corporate purposes and buybacks.
Strategic Initiative Focus Executing four customer-centric initiatives to reignite buyer activity and drive sustainable growth in active buyers and GMS per buyer.
AI Integration Strategy Integrating Generative AI tools to improve search discovery and personalize shopping experiences across platforms for better conversion.
Capital Allocation Plan Utilizing Depop sale proceeds for share repurchases, corporate needs, and continued investment in the core Etsy marketplace.

Peer Comparison

Revenue (TTM)

MUSA stock ticker logoMUSA
$19.38B
-4.3%
GAP stock ticker logoGAP
$15.37B
+1.9%
BBWI stock ticker logoBBWI
$7.29B
-0.2%

Gross Margin (Latest Quarter)

LNW stock ticker logoLNW
129.6%
+4.3pp
HRB stock ticker logoHRB
84.9%
+47.9pp
WING stock ticker logoWING
82.4%
+1.4pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
GAP$8.89B10.923.0%44.4%
MUSA$8.77B18.774.3%68.8%
LNW$8.43B22.248.2%1.3%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
10.6%
Steady Growth
4Q Net Income CAGR
N/M
Profitability Shift
Cash Flow Stability
100%
Strong Cash Flow

Deep Research

Next earnings:Apr 28, 2026
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LTM
No Data