A Business at a Glance
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ThredUp Inc.
TDUP
$678M
Mkt Cap
$5.70
-0.70%
ThredUp Inc. (TDUP) has a 5-year average return on invested capital (ROIC) of -52.8%. This is below average and may indicate limited pricing power.
ThredUp Inc. (TDUP) has a market capitalization of $735M. It is classified as a small-cap stock.
ThredUp Inc. (TDUP) does not currently pay a regular dividend.
ThredUp Inc. (TDUP) operates in the Retail-Catalog & Mail-Order Houses industry, within the Consumer Cyclical sector.
ThredUp Inc. (TDUP) reported annual revenue of $311 million in its most recent fiscal year, based on SEC EDGAR filings.
ThredUp Inc. (TDUP) has a net profit margin of -6.5%. The company is currently unprofitable.
ThredUp Inc. (TDUP) generated $180 thousand in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
ThredUp operates one of the world’s largest online resale platforms for apparel, shoes and accessories. Our mission is to inspire the world to think secondhand first. We believe in a sustainable fashion future and we are proud that our business model creates a positive impact to the benefit of our buyers, sellers, clients, employees, investors and the environment. Our custom-built operating platform consists of distributed processing infrastructure, proprietary software and systems and data science expertise. This platform is powering the rapidly emerging resale economy, one of the fastest growing sectors in retail, according to GlobalData's assessment of the secondhand market in January 2025. ThredUp’s proprietary operating platform is the foundation for our managed marketplace, where we have bridged online and offline technology to make the buying and selling of tens of millions of unique items easy and fun. The marketplaces we have built enable buyers in the United States (“U.S.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 321M | 311M | 260M | 259M | 288M | 252M |
| Net Income | -21M | -20M | -77M | -71M | -92M | -63M |
| EPS | $-0.17 | $-0.17 | $-0.69 | $-0.68 | $-0.92 | $-0.82 |
| Free Cash Flow | -3.1M | 180K | -1.7M | -36M | -95M | -55M |
| ROIC | -65.4% | -27.3% | -76.8% | -48.8% | -46.2% | -64.7% |
| Gross Margin | 79.4% | 79.4% | 79.7% | 76.8% | 66.7% | 70.7% |
| Debt/Equity | 0.30 | 0.88 | 1.05 | 0.60 | 0.61 | 0.37 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | -23M | -22M | -41M | -53M | -89M | -62M |
| Operating Margin | -7.1% | -7.0% | -15.6% | -20.5% | -31.0% | -24.8% |
| ROE | -36.2% | -35.0% | -96.1% | -58.4% | -53.4% | -30.7% |
| Shares Outstanding | 129M | 119M | 112M | 105M | 100M | 77M |
| Metric | ||||||||
|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||
| Revenue | 164M | 186M | 252M | 288M | 259M | 260M | 311M | 321M |
| Gross Margin | 68.7% | 68.9% | 70.7% | 66.7% | 76.8% | 79.7% | 79.4% | 79.4% |
| R&D | 19M | 21M | 29M | 38M | 33M | 31M | 32M | 32M |
| SG&A | 22M | 29M | 49M | 62M | 57M | 57M | 57M | 58M |
| EBIT | -37M | -47M | -62M | -89M | -53M | -41M | -22M | -23M |
| Op. Margin | -22.5% | -25.0% | -24.8% | -31.0% | -20.5% | -15.6% | -7.0% | -7.1% |
| Net Income | -38M | -48M | -63M | -92M | -71M | -77M | -20M | -21M |
| Net Margin | -23.3% | -25.7% | -25.1% | -32.0% | -27.6% | -29.6% | -6.5% | -6.7% |
| Non-Recurring | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Returns on Capital | ||||||||
| ROIC | N/A | -32.6% | -64.7% | -46.2% | -48.8% | -76.8% | -27.3% | -65.4% |
| ROE | 22.7% | 23.6% | -30.7% | -53.4% | -58.4% | -96.1% | -35.0% | -36.2% |
| ROA | N/A | -66.9% | -25.1% | -27.8% | -25.8% | -36.6% | -11.9% | -12.5% |
| Cash Flow | ||||||||
| Op. Cash Flow | -10M | -19M | -35M | -52M | -23M | 4.9M | 11M | 9.7M |
| Free Cash Flow | -20M | -39M | -55M | -95M | -36M | -1.7M | 180K | -3.1M |
| Owner Earnings | -22M | -32M | -57M | -93M | -66M | -38M | -21M | -22M |
| CapEx | 9.5M | 19M | 20M | 43M | 13M | 6.6M | 10M | 13M |
| Maint. CapEx | 4.3M | 5.6M | 9.2M | 14M | 14M | 17M | 13M | 13M |
| Growth CapEx | 5.2M | 14M | 11M | 29M | 0 | 0 | 0 | 0 |
| D&A | 4.3M | 5.6M | 9.2M | 14M | 14M | 17M | 13M | 13M |
| CapEx/OCF | N/A | N/A | N/A | N/A | N/A | 134.3% | 98.3% | 132.1% |
| Capital Allocation | ||||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Buyback Yield | 0.0% | N/A | N/A | N/A | N/A | N/A | N/A | 0.0% |
| Stock-Based Comp | 7.7M | 7.3M | 13M | 27M | 30M | 26M | 19M | 19M |
| Debt Repayment | 12M | 1.2M | 4.0M | 6.3M | 4.0M | 4.0M | 4.0M | 4.0M |
| Balance Sheet | ||||||||
| Net Debt | N/A | -4.8M | -130M | -20M | -162K | 15M | 4.0M | -32M |
| Cash & Equiv. | 88M | 64M | 85M | 38M | 54M | 32M | 39M | 49M |
| Long-Term Debt | N/A | 31M | 28M | 26M | 22M | 18M | 14M | 18M |
| Debt/Equity | N/A | -0.27 | 0.37 | 0.61 | 0.60 | 1.05 | 0.88 | 0.30 |
| Interest Coverage | -25.8 | -35.7 | -27.4 | -111.2 | -23.7 | -16.1 | -11.3 | -11.3 |
| Equity | -183M | -222M | 206M | 140M | 104M | 56M | 59M | 59M |
| Total Assets | N/A | 143M | 361M | 302M | 250M | 171M | 167M | 172M |
| Total Liabilities | N/A | 118M | 155M | 162M | 146M | 115M | 108M | 113M |
| Intangibles | N/A | 0 | 14M | 10M | 8.2M | N/A | N/A | N/A |
| Retained Earnings | N/A | -252M | -315M | -408M | -479M | -556M | -576M | -583M |
| Working Capital | N/A | 13M | 139M | 50M | 17M | -4.6M | -5.7M | -3.3M |
| Current Assets | N/A | 75M | 228M | 134M | 94M | 57M | 57M | 60M |
| Current Liabilities | N/A | 63M | 89M | 84M | 77M | 62M | 62M | 64M |
| Per Share Data | ||||||||
| EPS | -3.72 | -4.14 | -0.82 | -0.92 | -0.68 | -0.69 | -0.17 | -0.17 |
| Owner EPS | -2.15 | -2.77 | -0.74 | -0.93 | -0.63 | -0.34 | -0.18 | -0.17 |
| Book Value | -17.85 | -19.21 | 2.67 | 1.40 | 0.99 | 0.50 | 0.50 | 0.46 |
| Cash Flow/Share | -0.98 | -1.65 | -0.45 | -0.52 | -0.22 | 0.04 | 0.09 | -0.07 |
| Dividends/Share | 0.00 | N/A | N/A | N/A | N/A | N/A | N/A | 0.00 |
| Shares Out. | 10.3M | 11.6M | 77.0M | 100.3M | 104.8M | 111.6M | 118.9M | 129.0M |
| Valuation | ||||||||
| P/E Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | -33.5 |
| P/FCF | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| EV/EBIT | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Price/Book | N/A | N/A | 4.8 | 0.8 | 2.4 | 2.8 | 12.5 | 12.4 |
| Price/Sales | N/A | N/A | 6.4 | 1.6 | 1.1 | 0.7 | 2.5 | 2.3 |
| FCF Yield | N/A | N/A | -5.5% | -84.1% | -14.3% | -1.1% | 0.0% | -0.4% |
| Market Cap | 0 | N/A | 998M | 113M | 250M | 155M | 741M | 735M |
| Avg. Price | 0.00 | N/A | 20.95 | 4.63 | 2.61 | 1.55 | 6.47 | 5.70 |
| Year-End Price | 0.00 | N/A | 12.95 | 1.13 | 2.39 | 1.39 | 6.23 | 5.70 |
ThredUp Inc. passes 1 of 9 quality checks, indicating weak fundamentals.
The company's 5-year average gross margin is 74.7%.
ThredUp Inc. (TDUP) has a debt-to-equity ratio of 0.88. This indicates moderate leverage.
ThredUp Inc. (TDUP) reported earnings per share (EPS) of $-0.17 in its most recent fiscal year.
ThredUp Inc. (TDUP) has a return on equity (ROE) of -35.0%. A negative ROE may indicate losses or negative equity.
ThredUp Inc. (TDUP) has a 5-year average gross margin of 74.7%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 7 years of financial data for ThredUp Inc. (TDUP), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
ThredUp Inc. (TDUP) has a book value per share of $0.50, based on its most recent annual SEC filing.