ETSY
Market read
The latest filing evidence is available. 0 of 1 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 2 directly disclosed connections are confirming.
Invalidation: The isolated read changes if ETSY's group or a disclosed connection begins moving with it.
Research brief
The latest filing evidence is available. 0 of 1 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 2 directly disclosed connections are confirming.
Company research
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
No credible peer-relative valuation comparison is available yet.
Reported annual revenue and per-share history. This is accounting history, not a forecast.
What management says matters
“Other Income (Expense), net Three Months Ended March 31, Change (in thousands, except percentages) 2026 2025 $ % Other income (expense), net $ 9,414 $ (10,714) $ 20,128 (187.9) % Percentage of total revenue 1.5 % (1.8) % Other income, net increased from other…”10-Q · Apr 29, 2026 ↗
“The primary drivers of our income tax provision for the six months ended June 30, 2025 were tax expense on income before income taxes excluding the impairment charge and tax deficiencies from stock-based compensation due to a lower stock price at vesting of r…”10-Q · Aug 5, 2026 ↗
“Year Ended December 31, Change Y/Y (in thousands, except percentages) 2025 2024 $ % Other (expense) income: Interest expense $ (18,509) $ (13,806) $ (4,703) 34.1 % Interest and other income 44,489 30,982 13,507 43.6 % Foreign exchange (loss) gain (40,428) 13,…”10-K · Feb 19, 2026 ↗
“The sale is currently expected to close by the end of the third quarter of 2026, subject to regulatory approval and certain other closing conditions as set forth in the Purchase Agreement.”10-Q · Apr 29, 2026 ↗
Valuation discipline
Price/sales 3.1× · EV/sales 3.5×. Comparisons use only industry-matched filing peers.
Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.
Price action
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 11 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
Jodie has not returned a relevant primary source or news item for ETSY. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Latest filing assessment
10-Q filed 2026-08-05 against the comparable filing from 2025-07-30.
Capital and cash conversion
Capex, revenue, and operating cash flow are matched to the same reported duration. Reported accounting context, not a forecast or trading recommendation.
“Other Income (Expense), net Three Months Ended June 30, Change (in thousands, except percentages) 2026 2025 $ % Other income (expense), net: Interest expense $ (5,630) $ (3,773) $ (1,857) 49.2 % Interest and other income 11,515 9,031 2,484 27.5 % Foreign exchange gain (loss) 3,818 (25,356) 29,174 (115.1) % Loss on sale of business — (5,097) 5,097 NM Other income (expense), net $ 9,703 $ (25,195) $ 34,898 (138.5) % Percentage of total revenue 1.5 % (4.0) % Other income, net increased from other expense, net, primarily driven by changes in exchange rates that impact our non-functional currency cash and intercompany balances, which resulted in a gain for the three months ended June 30, 2026 as...”
“37 Table of Contents Other Income (Expense), net Six Months Ended June 30, Change 2026 2025 $ % (in thousands, except percentages) Other income (expense), net: Interest expense $ (11,278) $ (7,177) $ (4,101) 57.1 % Interest and other income 24,129 17,337 6,792 39.2 % Foreign exchange gain (loss) 6,266 (40,972) 47,238 (115.3) % Loss on sale of business — (5,097) 5,097 NM Other income (expense), net $ 19,117 $ (35,909) $ 55,026 (153.2) % Percentage of total revenue 1.5 % (2.9) % Other income, net increased from other expense, net, primarily driven by changes in exchange rates that impact our non-functional currency cash and intercompany balances, which resulted in a gain for the six months en...”
“General and administrative Six Months Ended June 30, Change 2026 2025 $ % (in thousands, except percentages) General and administrative $ 129,389 $ 149,935 $ (20,546) (13.7) % Percentage of total revenue 10.0 % 12.1 % General and administrative expenses decreased , primarily due to the reversal of previously recognized Canadian digital services tax (“DST”) expense in the first quarter of 2026, following the repeal of the DST in Canada in March 2026.”
Historical filing backfill generated after the original filing window. It is not part of Jodie's live track record.
Business ecosystem
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depended on by
“It also allows customers to sell on marketplaces such as Amazon, Etsy, eBay and Google Shopping and social media platforms such as Facebook and Instagram, with all channels managed from our centralized dashboard.”
Filing peers
Companies whose filings use similar operating language.
Open the three relationships above to see Jodie’s filing proof. Pro unlocks 1 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →
What is moving around it
ETSY is currently a Leader in the organic co-movement group Online Marketplaces. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 1 filing-linked name are in the relationship map; none is currently confirmed as moving with the group.
This group is retained as the last observed read for ETSY; it is not active in the latest market snapshot.
Context history
No durable theme membership has been observed for this name yet.