Second-hand marketplace Vinted saw its gross merchandise volume climb 47 percent to 10.8 billion euros in 2025. Revenue rose 38 percent to 1.1 billion euros, while net profit declined to 62 million euros, according to a press release.

Earnings were weighed down by increased growth investments, notably in Germany, as well as the rollout of new product categories and logistics solutions. Meanwhile, free cash flow increased by 36 percent.

The company also continued its geographical expansion with launches in Latvia, Estonia, and Slovenia, while broadening its offering into new categories such as sports and collectibles to attract more users, reports the Wall Street Journal.

Vinted is controlled by a group of major institutional investors alongside the company's management. EQT Growth holds a minority stake.

Vinted was Lithuania's first so-called unicorn. The company raised capital at a valuation exceeding 1 billion euros in 2019.