TDUP - ThredUp Inc.
Price:
--
--
|
CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$6.67
DETAILS
HIGH:
$14.00
LOW:
$2.00
MEDIAN:
$4.50
CONSENSUS:
$6.67
UPSIDE:
55.48%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||
| Revenue | 310.8 | 260.0 | 258.5 | 288.4 | 251.8 | 186.0 | 163.8 | 129.6 |
| Cost of Revenue | 64.1 | 52.9 | 60.0 | 96.0 | 73.7 | 57.9 | 51.3 | 51.5 |
| Gross Profit | 246.8 | 207.1 | 198.5 | 192.3 | 178.1 | 128.1 | 112.5 | 78.0 |
| Operating Expenses | ||||||||
| R&D Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 19 | 13.1 |
| SG&A Expenses | 115.6 | 105.5 | 108.1 | 126.2 | 112.4 | 73.3 | 67.2 | 44.4 |
| Other Expenses | 151.3 | 142.2 | 143.3 | 155.6 | 128.1 | 101.4 | 82.1 | 0.5 |
| Operating Expenses | 267.0 | 247.7 | 251.5 | 281.8 | 240.5 | 174.7 | 149.3 | 112.3 |
| Operating Income | ||||||||
| Operating Income | (20.2) | (40.6) | (53.0) | (89.5) | (62.4) | (46.6) | (36.8) | (34.3) |
| Interest Expense | 1.9 | 2.5 | 2.2 | 0.8 | 2.3 | 1.3 | 1.4 | 0.4 |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profitability | ||||||||
| EBITDA | (5.3) | (20.1) | (35.9) | (77.4) | (51.7) | (40.9) | (32.5) | (29.5) |
| EBIT | (18.2) | (37.4) | (50.1) | (91.4) | (60.8) | (46.5) | (36.7) | (33.7) |
| Income Before Tax | (20.2) | (40.0) | (52.3) | (92.2) | (63.1) | (47.8) | (38.2) | (34.1) |
| Income Tax Expense | 0.1 | 0.0 | 0.0 | 0.0 | 0.1 | 0.1 | 0.0 | 0.0 |
| Net Income | (20.2) | (77.0) | (71.2) | (92.3) | (63.2) | (47.9) | (38.2) | (34.2) |
| Per Share Data | ||||||||
| EPS (Basic) | -0.17 | -0.69 | -0.68 | -0.92 | -0.82 | -0.53 | -0.41 | -0.44 |
| EPS (Diluted) | -0.17 | -0.69 | -0.68 | -0.92 | -0.82 | -0.53 | -0.41 | -0.44 |
| Shares Outstanding | 121.7 | 112.0 | 104.9 | 99.8 | 77.1 | 90.9 | 94.1 | 77.5 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||
| Cash & Cash Equivalents | 38.6 | 31.9 | 56.1 | 38.0 | 84.5 | 64.5 | 85.6 | 6.6 |
| Short-Term Investments | 9.5 | 12.3 | 8.1 | 66.9 | 121.3 | 0 | 0 | 8.3 |
| Net Receivables | 2.4 | 3.6 | 7.8 | 4.7 | 4.1 | 1.8 | 2.9 | 2.2 |
| Inventory | 0 | 0.7 | 15.7 | 17.5 | 9.8 | 3.5 | 3.9 | 6.2 |
| Other Current Assets | 6.1 | 8.5 | 6.2 | 7.1 | 8.6 | 3.8 | 0.3 | 0.8 |
| Total Current Assets | 56.7 | 56.9 | 93.9 | 134.2 | 228.4 | 75.2 | 94.4 | 24.8 |
| Non-Current Assets | ||||||||
| Property, Plant & Equipment | 92.6 | 97.3 | 129.8 | 138.6 | 94.8 | 64.8 | 26.1 | 20.9 |
| Goodwill | 10.7 | 10.7 | 12.0 | 11.6 | 12.2 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 8.2 | 10.5 | 13.9 | 0 | 0 | 0 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.4 |
| Other Non-Current Assets | 7.2 | 6.2 | 6.2 | 7.0 | 11.5 | 3.0 | 2.1 | 0.2 |
| Total Non-Current Assets | 110.6 | 114.3 | 156.1 | 167.8 | 132.4 | 67.8 | 28.1 | 22.4 |
| Total Assets | 167.2 | 171.2 | 250.0 | 301.9 | 360.8 | 142.9 | 122.6 | 47.2 |
| Current Liabilities | ||||||||
| Account Payables | 28.6 | 23.5 | 9.5 | 24.0 | 32.5 | 23.1 | 14.2 | 5.2 |
| Short-Term Debt | 3.9 | 3.9 | 3.8 | 3.9 | 7.8 | 3.3 | 2.7 | 4.0 |
| Deferred Revenue | 9.6 | 15.6 | 17.8 | 25.7 | 19.1 | 14.5 | 10.1 | 3.9 |
| Other Current Liabilities | 6.3 | 3.1 | 29.4 | 9.9 | 12.6 | 6.8 | 6.3 | 17.1 |
| Total Current Liabilities | 62.4 | 61.5 | 76.7 | 84.4 | 89.4 | 62.6 | 43.1 | 30.3 |
| Non-Current Liabilities | ||||||||
| Long-Term Debt | 14.3 | 18.2 | 22.0 | 25.8 | 27.6 | 31.2 | 14.5 | 4.9 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 2.8 | 2.8 | 2.8 | 3.0 | 1.1 | 249.8 | 248.1 | 1.1 |
| Total Non-Current Liabilities | 45.7 | 53.4 | 69.4 | 77.5 | 65.7 | 302.5 | 262.7 | 6.0 |
| Total Liabilities | 108.1 | 114.9 | 146.1 | 161.9 | 155.1 | 365.1 | 305.8 | 36.3 |
| Stockholders' Equity | ||||||||
| Common Stock | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Retained Earnings | (576.1) | (555.9) | (478.9) | (407.6) | (315.3) | (252.2) | (203.7) | (165.5) |
| Accumulated Other Comprehensive Income | 0.0 | 0.0 | (2.4) | (4.2) | (1.1) | 0 | 0 | (0.0) |
| Total Stockholders' Equity | 59.2 | 56.3 | 103.9 | 140.0 | 205.7 | (222.2) | (183.2) | 10.9 |
| Total Liabilities & Equity | 167.2 | 171.2 | 250.0 | 301.9 | 360.8 | 142.9 | 122.6 | 47.2 |
| Debt Metrics | ||||||||
| Total Debt | 52.1 | 58.8 | 76.4 | 84.8 | 76.3 | 59.7 | 17.3 | 9.0 |
| Net Debt | 13.5 | 27.0 | 20.3 | 46.8 | (8.3) | (4.8) | (68.3) | 2.3 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | (20.2) | (40.0) | (71.2) | (92.3) | (63.2) | (47.9) | (38.2) | (34.2) |
| Depreciation & Amortization | 12.9 | 21.9 | 18.7 | 14.0 | 9.2 | 5.6 | 4.3 | 4.2 |
| Stock-Based Compensation | 19.0 | 0 | 31.7 | 26.8 | 13.0 | 7.3 | 7.7 | 2.3 |
| Change in Working Capital | (5.9) | (2.8) | (9.0) | (12.7) | (0.3) | 11.3 | 15.1 | 4.9 |
| Other Non-Cash Items | 4.9 | 21.8 | 7.2 | 12.1 | 6.3 | 4.6 | 1.1 | 0.3 |
| Operating Cash Flow | 10.7 | 0.9 | (22.6) | (52.1) | (35.0) | (19.1) | (10.1) | (22.5) |
| Investing Activities | ||||||||
| Capital Expenditure | (10.5) | (6.6) | (16.0) | (43.3) | (19.8) | (19.4) | (9.5) | (13.9) |
| Acquisitions | 0 | 0 | 0 | 0 | (23.6) | 0 | 0 | 0 |
| Purchases of Investments | (20.7) | (31.8) | (17.9) | (3.5) | (129.0) | 0 | 0 | (35.1) |
| Sales/Maturities of Investments | 24.0 | 28.1 | 77.6 | 55.6 | 2.8 | 0 | 8.2 | 27 |
| Other Investing Activities | 0 | (6.6) | 0 | 0 | 0 | 0 | 0 | (8.1) |
| Investing Cash Flow | (7.2) | (16.9) | 43.7 | 8.9 | (169.6) | (19.4) | (1.3) | (22.0) |
| Financing Activities | ||||||||
| Net Debt Issuance | (4) | (4) | (4) | (5.9) | 0.6 | 17.2 | 7.9 | 3.4 |
| Stock Repurchased | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (3.3) |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | (24.3) | (4.1) | (4.8) | 2.0 | 1.4 | 1.1 | 0.7 | 0.1 |
| Financing Cash Flow | (0.4) | (4.4) | (3.6) | (3.9) | 229.0 | 18.2 | 91.2 | 39.0 |
| Cash Position | ||||||||
| Net Change in Cash | 3.1 | (19.3) | 17.4 | (47.8) | 24.3 | (20.3) | 79.8 | (5.5) |
| Cash at Beginning | 40.5 | 54.8 | 44.1 | 91.8 | 67.5 | 87.9 | 8.0 | 13.6 |
| Cash at End | 43.6 | 35.5 | 61.5 | 44.1 | 91.8 | 67.5 | 87.9 | 8.0 |
| Free Cash Flow | 0.2 | (5.7) | (38.6) | (95.4) | (54.8) | (38.5) | (19.6) | (36.4) |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||
| Revenue | 310.8 | 260.0 | 258.5 | 288.4 | 251.8 | 186.0 | 163.8 | 129.6 |
| Gross Profit | 246.8 | 207.1 | 198.5 | 192.3 | 178.1 | 128.1 | 112.5 | 78.0 |
| Operating Income | (20.2) | (40.6) | (53.0) | (89.5) | (62.4) | (46.6) | (36.8) | (34.3) |
| Net Income | (20.2) | (77.0) | (71.2) | (92.3) | (63.2) | (47.9) | (38.2) | (34.2) |
| EPS (Diluted) | -0.17 | -0.69 | -0.68 | -0.92 | -0.82 | -0.53 | -0.41 | -0.44 |
| Balance Sheet | ||||||||
| Cash & Equivalents | 38.6 | 31.9 | 56.1 | 38.0 | 84.5 | 64.5 | 85.6 | 6.6 |
| Total Assets | 167.2 | 171.2 | 250.0 | 301.9 | 360.8 | 142.9 | 122.6 | 47.2 |
| Total Debt | 52.1 | 58.8 | 76.4 | 84.8 | 76.3 | 59.7 | 17.3 | 9.0 |
| Stockholders' Equity | 59.2 | 56.3 | 103.9 | 140.0 | 205.7 | (222.2) | (183.2) | 10.9 |
| Cash Flow | ||||||||
| Operating Cash Flow | 10.7 | 0.9 | (22.6) | (52.1) | (35.0) | (19.1) | (10.1) | (22.5) |
| Capital Expenditure | (10.5) | (6.6) | (16.0) | (43.3) | (19.8) | (19.4) | (9.5) | (13.9) |
| Free Cash Flow | 0.2 | (5.7) | (38.6) | (95.4) | (54.8) | (38.5) | (19.6) | (36.4) |