TDUP — what changed in the latest 10-Q
A section-by-section comparison of TDUP's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-11-04 vs the prior 10-Q · 2026-08-05
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +5 | −5 | ~22 | 17 |
| Market risk (Item 3) | Text added/removed | 0 | 0 | ~2 | 2 |
| Controls & procedures | Text added/removed | 0 | 0 | ~3 | 1 |
| Legal proceedings | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Risk factors | No material changes reported (points to the 10-K) | — | — | — | — |
| Other information | Text added/removed | +1 | −1 | ~1 | 0 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-11-04
Revenue increased $29.6 million, or 12.8%, for the nine months ended September 30, 2026 as compared to the same period in 2025. The growth in revenue was mainly driven by a 19.5% increase in Orders, supported by higher engagement from both new and returning buyers, partially offset by higher promoti…
Gross margin was 78.2% for the three months ended September 30, 2026, compared to 79.4% in the same period in 2025, a decrease of 120 basis points, primarily driven by higher labor and packaging costs as a percentage of revenue.
Sales, general, and administrative expenses decreased $1.2 million, or 8.2%, for the three months ended September 30, 2026 as compared to the same period in 2025. The decrease was primarily due to a $0.9 million decrease in personnel-related costs, mainly due to lower bonus and salary expense, a $0.…
Other income, net decreased $0.5 million for the three months ended September 30, 2026 as compared to the same period in 2025, primarily due to higher non-operating expenses.
Net cash provided by operating activities was $11.2 million during the nine months ended September 30, 2026, compared to $12.1 million for the same period in 2025. The $0.9 million decrease in operating cash inflows was primarily due to changes in operating assets and liabilities, which were driven …
Text removed vs the prior filing · source: 10-Q · 2026-08-05
Revenue increased $23.5 million, or 15.8%, for the six months ended June 30, 2026 as compared to the same period in 2025. The growth in revenue was mainly driven by a 20.6% increase in Orders, supported by higher engagement from both new and returning buyers, partially offset by a 2.3% decrease in t…
Gross margin was 79.9% for the three months ended June 30, 2026, compared to 79.5% in the same period in 2025, an increase of 40 basis points. Overall, gross margin remained relatively stable across the periods.
Sales, general, and administrative expenses increased $2.5 million, or 19.0%, for the three months ended June 30, 2026 as compared to the same period in 2025. The increase was primarily due to a $1.5 million increase in personnel-related costs, of which $1.0 million was attributable to stock-based c…
Other income, net remained relatively consistent for the three months ended June 30, 2026 as compared to the same period in 2025.
Net cash provided by operating activities was $9.2 million during the six months ended June 30, 2026, compared to $6.1 million for the same period in 2025. The $3.1 million increase in operating cash inflows was primarily due to a $0.8 million improvement in net loss, adjusted for non-cash items, as…
Other information
Text added vs the prior filing · source: 10-Q · 2026-11-04
James Reinhart, Chief Executive Officer, terminated a Rule 10b5-1 plan on August 24, 2026. The plan was adopted on December 5, 2025, providing for the sale of up to 803,152 shares of the Company’s Class A common stock until March 8, 2027.
Text removed vs the prior filing · source: 10-Q · 2026-08-05
On June 15, 2026, Chris Homer, our Chief Operating Officer, adopted a Rule 10b5-1 trading arrangement that is intended to satisfy the affirmative defense of Rule 10b5-1(c) of the Exchange Act for the sale of up to 616,728 shares of the Company’s Class A common stock until September 24, 2027.
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice