ThredUp Inc. logo TDUP - ThredUp Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 8
HOLD 6
SELL 0
STRONG
SELL
0
| PRICE TARGET: $6.67 DETAILS
HIGH: $14.00
LOW: $2.00
MEDIAN: $4.50
CONSENSUS: $6.67
UPSIDE: 55.48%
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1
Revenue
Revenue 81.7 79.7 82.2 77.7 71.3 27.7 73.0 66.7 64.5 81.4 82.0 82.7 75.9 71.3 67.9 76.4 72.7 72.9 63.3 60.0 55.7 43.4 46.9 47.3 48.3
Cost of Revenue 17.0 13.1 16.9 15.9 14.9 (16.0) 21.0 14.2 12.8 31.0 25.4 26.9 24.8 26.4 23.4 23.8 22.5 24.7 17.2 15.8 16.0 13.7 14.2 14.3 15.7
Gross Profit 64.7 66.6 65.2 61.7 56.4 43.7 52.0 52.6 51.7 50.4 56.6 55.7 51.1 45.0 44.5 52.6 50.2 48.2 46.1 44.1 39.7 29.7 32.8 33.0 32.6
Operating Expenses
R&D Expenses 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
SG&A Expenses 30.2 28.4 31.1 29.5 26.7 13.2 29.8 27.2 27.0 26.9 34.5 34.7 32.9 27.5 30.0 80.4 70.3 65.9 29.5 57.8 54.3 (54.3) 42.8 39.2 45.6
Other Expenses 41.1 43.3 38.5 37.5 35.1 15.2 47.0 35.0 37.1 38.2 40.4 39.8 38.3 33.8 38.7 0.5 0.5 0.6 32.1 0.2 0.1 100.2 0.5 0.3 0.3
Operating Expenses 71.2 71.7 69.6 67.0 61.8 28.4 76.8 62.2 64.1 65.1 74.8 74.4 71.3 61.4 68.7 81.0 70.8 66.5 61.6 58.0 54.4 46.0 43.4 39.5 45.9
Operating Income
Operating Income (6.6) (5.1) (4.4) (5.2) (5.4) 15.3 (24.9) (9.6) (12.4) (14.8) (18.2) (18.7) (20.2) (16.4) (24.2) (28.3) (20.6) (18.3) (15.5) (13.9) (14.7) (16.2) (10.6) (6.5) (13.3)
Interest Expense 0.4 0.4 0.5 0.5 0.5 0.6 0.6 0.7 0.7 0.7 0.7 0.7 0.1 0.0 0.1 0.2 0.4 0.5 0.6 0.6 0.6 0.4 0.4 0.2 0
Interest Income 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.1
Profitability
EBITDA (3.3) (1.7) (0.7) (1.5) (1.5) 18.7 (17.0) (5.1) (7.8) (9.1) (12.0) (13.2) (14.8) (14.0) (18.1) (23.2) (15.6) (14.4) (11.8) (11.9) (13.5) (14.8) (9.2) (5.3) (12.0)
EBIT (6.6) (5.1) (3.8) (4.6) (4.6) 15.9 (24.1) (8.7) (11.5) (13.9) (17.3) (18.0) (19.7) (19.5) (23.6) (28.2) (20.3) (17.4) (14.1) (13.8) (15.6) (16.5) (10.6) (6.5) (13.3)
Income Before Tax (6.4) (5.6) (4.3) (5.1) (5.2) 15.3 (24.8) (9.4) (12.2) (14.6) (18.1) (18.7) (19.8) (19.5) (23.7) (28.4) (20.7) (17.9) (14.7) (14.4) (16.1) (16.9) (11.0) (6.7) (13.2)
Income Tax Expense 0.0 0.0 (0.0) 0.0 0.1 0.0 0.0 0.0 0.0 (0.0) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0 0 0
Net Income (6.5) (5.6) (4.2) (5.2) (5.2) (21.7) (24.8) (14.0) (16.6) (14.6) (18.1) (18.8) (19.8) (19.5) (23.7) (28.4) (20.7) (17.9) (14.7) (14.4) (16.2) (16.8) (11.0) (6.7) (13.2)
Per Share Data
EPS (Basic) -0.05 -0.04 -0.03 -0.04 -0.04 -0.19 -0.22 -0.13 -0.15 -0.14 -0.17 -0.18 -0.19 -0.19 -0.24 -0.29 -0.21 -0.18 -0.15 -0.15 -0.17 -0.18 -0.14 -0.09 -0.17
EPS (Diluted) -0.05 -0.04 -0.03 -0.04 -0.04 -0.19 -0.22 -0.13 -0.15 -0.14 -0.17 -0.18 -0.19 -0.19 -0.24 -0.29 -0.21 -0.18 -0.15 -0.15 -0.17 -0.18 -0.14 -0.09 -0.17
Shares Outstanding 127.7 125.8 123.9 120.3 116.7 114.7 112.9 111.0 109.3 107.7 105.9 103.9 102.0 101.0 100.3 99.3 98.6 97.8 96.3 94.4 92.6 92.6 77.5 77.5 77.5
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q1
Current Assets
Cash & Cash Equivalents 39.0 38.6 46.2 41.0 41.1 31.9 43.7 44.8 50.1 56.1 68.6 51.1 50.7 38.0 36.7 52.2 68.6 84.5 160.9 173.1 246.5 64.5 (85.6)
Short-Term Investments 10.5 9.5 4.9 6.6 5.7 12.3 11.6 10.5 12.4 8.1 5.6 25.9 42.7 66.9 86.5 96.3 115.2 121.3 100.8 57.4 0 0 171.3
Net Receivables 4.3 2.4 3.7 3.8 4.2 3.6 5.7 5.9 6.9 7.8 6.0 3.8 4.2 4.7 3.2 3.4 3.0 4.1 1.9 1.5 1.7 1.8 0
Inventory 0 0 0 0 0 0.7 7.4 10.3 11.6 15.7 18.2 20.4 20.9 17.5 15.0 13.9 12.0 9.8 4.1 4.4 3.5 3.5 0
Other Current Assets 6.6 6.1 5.7 9.4 9.4 8.5 5.0 6.7 5.8 6.2 7.2 8.2 6.3 7.1 10.1 11.9 9.6 8.6 7.8 6.4 3.2 3.8 0
Total Current Assets 60.4 56.7 60.5 60.7 60.5 56.9 73.4 78.2 86.9 93.9 105.5 109.3 125.0 134.2 151.5 177.7 208.4 228.4 275.4 242.8 254.9 75.2 85.6
Non-Current Assets
Property, Plant & Equipment 94.1 92.6 95.2 96.2 95.3 97.3 121.2 128.5 132.2 129.8 133.4 139.1 141.0 138.6 136.3 133.5 116.1 94.8 69.9 66.8 65.9 64.8 0
Goodwill 10.7 10.7 10.7 10.7 10.7 10.7 12.1 11.6 11.7 12.0 11.5 11.8 11.8 11.6 10.6 11.3 12.0 12.2 0 0 0 0 0
Intangible Assets 0 0 0 0 0 0 2.0 6.6 7.3 8.2 8.5 9.3 10.0 10.5 10.2 11.5 12.9 13.9 0 0 0 0 0
Long-Term Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Assets 7.2 7.2 6.0 6.0 6.0 6.2 6.2 6.3 6.2 6.2 6.6 6.9 7.0 7.0 10.9 11.9 11.6 11.5 4.9 2.8 3.0 3.0 (85.6)
Total Non-Current Assets 112.0 110.6 112.0 112.9 112.0 114.3 141.6 153.0 157.4 156.1 159.9 167.0 169.8 167.8 168.1 168.2 152.6 132.4 74.8 69.6 68.9 67.8 (85.6)
Total Assets 172.4 167.2 172.5 173.6 172.5 171.2 214.9 231.2 244.3 250.0 265.4 276.3 294.8 301.9 319.6 345.9 361.0 360.8 350.2 312.4 323.8 142.9 0
Current Liabilities
Account Payables 11.9 28.6 12.3 27.5 28.8 23.5 32.9 30.1 30.2 9.5 33.9 28.3 30.6 24.0 27.3 38.7 40.2 32.5 26.7 28.1 29.7 23.1 0
Short-Term Debt 0 3.9 3.9 3.9 3.9 3.9 3.9 3.8 3.8 3.8 3.8 3.8 3.9 3.9 3.9 7.8 7.8 7.8 7.8 7.7 5.7 3.3 0
Deferred Revenue 0 9.6 0 12.4 12.8 15.6 16.2 16.0 15.9 17.8 20.6 22.0 23.5 25.7 25.3 20.5 20.0 19.1 17.8 16.2 14.6 14.5 0
Other Current Liabilities 43.0 6.3 35.4 6.7 7.5 6.5 8.4 7.3 10.7 29.4 8.9 8.6 9.2 9.9 12.9 11.4 14.2 12.6 11.5 9.9 9.0 6.8 0
Total Current Liabilities 63.7 62.4 65.5 63.2 65.6 61.5 76.4 73.6 77.1 76.7 84.4 81.2 88.3 84.4 89.5 100.1 103.4 89.4 83.7 78.2 76.3 62.6 0
Non-Current Liabilities
Long-Term Debt 17.7 14.3 15.2 16.2 17.2 18.2 19.1 20.1 21.0 22.0 23.0 23.9 24.8 25.8 26.9 23.7 25.6 27.6 29.5 31.4 33.3 31.2 0
Deferred Tax Liabilities 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Liabilities 2.9 2.8 2.6 2.5 2.5 2.8 3.0 2.9 2.9 2.8 3.2 3.2 3.1 3.0 2.9 2.6 2.3 1.1 2.2 1.9 1.9 249.8 0
Total Non-Current Liabilities 49.3 45.7 47.9 50.2 50.8 53.4 69.3 71.1 73.7 69.4 71.5 74.5 75.4 77.5 80.4 77.8 70.0 65.7 50.9 53.4 56.1 302.5 0
Total Liabilities 113.0 108.1 113.4 113.4 116.4 114.9 145.7 144.7 150.7 146.1 155.8 155.7 163.7 161.9 169.9 178.0 173.3 155.1 134.5 131.5 132.3 365.1 0
Stockholders' Equity
Common Stock 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0
Retained Earnings (582.5) (576.1) (570.5) (566.3) (561.1) (555.9) (534.2) (509.4) (495.4) (478.9) (464.3) (446.2) (427.4) (407.6) (388.1) (364.4) (336.1) (315.3) (297.4) (282.7) (268.3) (252.2) 0
Accumulated Other Comprehensive Income (0.0) 0.0 0 (0.0) (0.0) 0.0 (2.3) (3.5) (3.2) (2.4) (3.9) (3.0) (3.1) (4.2) (7.6) (5.4) (2.8) (1.1) (0.0) (0.0) 0 0 (183.2)
Total Stockholders' Equity 59.4 59.2 59.1 60.2 56.1 56.3 69.3 86.5 93.5 103.9 109.5 120.6 131.1 140.0 149.7 167.9 187.7 205.7 215.7 180.8 191.4 (222.2) 64.2
Total Liabilities & Equity 172.4 167.2 172.5 173.6 172.5 171.2 214.9 231.2 244.3 250.0 265.4 276.3 294.8 301.9 319.6 345.9 361.0 360.8 350.2 312.4 323.8 142.9 64.2
Debt Metrics
Total Debt 52.2 52.1 54.3 56.5 56.8 58.8 75.6 77.5 80.2 76.4 78.4 80.9 82.0 84.8 86.3 88.0 79.9 76.3 59.2 62.0 63.0 59.7 0
Net Debt 13.2 13.5 8.1 15.5 15.7 27.0 31.9 32.8 30.0 20.3 9.9 29.9 31.3 46.8 49.6 35.8 11.3 (8.3) (101.7) (111.0) (183.6) (4.8) 85.6
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1
Operating Activities
Net Income (6.5) 0 (4.2) 0 (5.2) (8.1) (10.4) (9.4) (12.2) (14.6) (18.1) (18.8) (19.8) (19.5) (23.7) (28.4) (20.7) (17.9) (14.7) (14.4) (16.2) (17.0) (11.0) (6.7) (13.2)
Depreciation & Amortization 3.3 3.5 4.3 3.2 3.2 6.4 4.6 4.7 5.0 4.9 5.4 4.8 3.7 3.8 3.5 3.4 3.3 3.0 2.2 1.9 2.0 1.7 1.4 1.2 1.2
Stock-Based Compensation 5.5 4.5 0 4.5 5.5 0 0 0 0 6.8 7.9 7.6 9.4 6.1 7.2 10.1 3.5 3.6 3.0 2.9 3.5 2.3 1.6 2.0 1.4
Change in Working Capital 1.3 (5.4) 1.4 (3.3) 1.4 (8.9) 3.5 (4.3) 3.5 (7.4) 3.7 (6.3) 1.0 (11.4) (1.3) (5.4) 5.4 (10.9) 3.0 (1.7) 9.3 (2.8) 3.3 10.0 0.7
Other Non-Cash Items 1.2 (4.0) 4.5 (4.0) 0.9 11.7 5.5 4.0 5.1 2.4 1.4 2.2 1.2 5.8 2.2 2.2 1.9 1.4 1.4 1.2 1.3 1.7 1.0 1.0 0.9
Operating Cash Flow 4.8 (1.5) 6.0 0.3 5.7 1.1 3.3 (5.0) 1.4 (8.0) 0.2 (10.4) (4.5) (15.2) (12.1) (18.2) (6.7) (20.9) (5.0) (10.2) 1.1 (14.2) (3.4) 7.6 (9.1)
Investing Activities
Capital Expenditure (4.1) (1.7) (3.7) (3.3) (1.8) (1.2) (2.1) (0.8) (1.1) (2.2) (1.5) (6.6) (5.7) (3.9) (11.7) (14.9) (12.6) (4.6) (6.2) (4.9) (4.1) (5.1) (3.7) (6.0) (4.7)
Acquisitions 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Purchases of Investments (4.6) (7.8) (3.9) (5.9) (3.2) (7.1) (9.5) (6.5) (8.7) (8.1) (2.0) (7.9) 0 0 0 0 0 (22.5) (45.3) 0 0 0 0 0 0
Sales/Maturities of Investments 3.7 3.2 5.7 5.0 10.1 6.5 8.6 8.5 4.5 5.6 22.5 24.9 24.6 19.8 9.5 21.6 4.7 1.2 1.6 0 0 0 0 0 0
Other Investing Activities 0 0 0 0 0 (6.6) (0.4) (0.3) (0.5) 0 0 0 0 0 0 (3.5) 0 (27.3) 0 (57.4) 0 0 0 0 0
Investing Cash Flow (5.0) (6.3) (1.9) (4.1) 5.1 (8.5) (3.5) 0.8 (5.8) (4.7) 19.0 10.4 18.9 15.9 (2.2) 3.1 (7.9) (53.3) (49.9) (62.3) (4.1) (5.1) (3.7) (6.0) (4.7)
Financing Activities
Net Debt Issuance (0.4) (1) (1) (1) (1) (1) (1) (1) (1) (1) (1) (1) (1) (1.1) (0.8) (2) (2) (2) (2) 0 4.6 4.9 5 8.0 (0.7)
Stock Repurchased 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Dividends Paid 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Financing Activities (3.4) (5.1) (8.4) (9.0) (0.6) (1.1) (0.5) (1.2) (1.2) 0.4 (0.2) 0.4 (0.2) 0.1 0.3 0.9 0.8 1.9 0.3 (1.0) 0.1 (0.1) 1.0 0.2 (0.1)
Financing Cash Flow 0.6 0.1 (2.5) 3.7 (1.6) (0.5) (1.3) (1.2) (1.5) (0.6) (1.2) (0.6) (1.2) (1.0) (0.6) (1.1) (1.2) (0.1) 45.0 (1.0) 185.1 4.8 6.0 8.2 (0.8)
Cash Position
Net Change in Cash 0.4 (7.7) 1.7 (0.1) 9.2 (8.5) (1.0) (5.4) (4.4) (13.1) 17.5 0.3 12.7 (0.0) (15.3) (16.5) (16.0) (74.3) (10.0) (73.5) 182.0 (14.5) (1.1) 9.8 (14.6)
Cash at Beginning 43.6 51.3 44.8 49.7 40.5 44.0 45.1 50.4 54.8 74.6 57.1 56.8 44.1 44.1 59.4 75.9 91.8 166.1 176.1 249.6 67.5 82.0 83.1 73.3 87.9
Cash at End 43.9 43.6 46.5 49.6 49.7 35.5 44.0 45.1 50.4 61.5 74.6 57.1 56.8 44.1 44.1 59.4 75.9 91.8 166.1 176.1 249.6 67.5 82.0 83.1 73.3
Free Cash Flow 0.6 (3.2) 2.4 (2.9) 3.9 (0.1) 1.2 (5.8) 0.3 (10.2) (1.3) (17.0) (10.1) (19.1) (23.8) (33.1) (19.3) (25.5) (11.2) (15.1) (3.0) (19.3) (7.1) 1.6 (13.8)
Key Metrics 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1
Income Statement
Revenue 81.7 79.7 82.2 77.7 71.3 27.7 73.0 66.7 64.5 81.4 82.0 82.7 75.9 71.3 67.9 76.4 72.7 72.9 63.3 60.0 55.7 43.4 46.9 47.3 48.3
Gross Profit 64.7 66.6 65.2 61.7 56.4 43.7 52.0 52.6 51.7 50.4 56.6 55.7 51.1 45.0 44.5 52.6 50.2 48.2 46.1 44.1 39.7 29.7 32.8 33.0 32.6
Operating Income (6.6) (5.1) (4.4) (5.2) (5.4) 15.3 (24.9) (9.6) (12.4) (14.8) (18.2) (18.7) (20.2) (16.4) (24.2) (28.3) (20.6) (18.3) (15.5) (13.9) (14.7) (16.2) (10.6) (6.5) (13.3)
Net Income (6.5) (5.6) (4.2) (5.2) (5.2) (21.7) (24.8) (14.0) (16.6) (14.6) (18.1) (18.8) (19.8) (19.5) (23.7) (28.4) (20.7) (17.9) (14.7) (14.4) (16.2) (16.8) (11.0) (6.7) (13.2)
EPS (Diluted) -0.05 -0.04 -0.03 -0.04 -0.04 -0.19 -0.22 -0.13 -0.15 -0.14 -0.17 -0.18 -0.19 -0.19 -0.24 -0.29 -0.21 -0.18 -0.15 -0.15 -0.17 -0.18 -0.14 -0.09 -0.17
Balance Sheet
Cash & Equivalents 39.0 38.6 46.2 41.0 41.1 31.9 43.7 44.8 50.1 56.1 68.6 51.1 50.7 38.0 36.7 52.2 68.6 84.5 160.9 173.1 246.5 64.5 (85.6)
Total Assets 172.4 167.2 172.5 173.6 172.5 171.2 214.9 231.2 244.3 250.0 265.4 276.3 294.8 301.9 319.6 345.9 361.0 360.8 350.2 312.4 323.8 142.9 0
Total Debt 52.2 52.1 54.3 56.5 56.8 58.8 75.6 77.5 80.2 76.4 78.4 80.9 82.0 84.8 86.3 88.0 79.9 76.3 59.2 62.0 63.0 59.7 0
Stockholders' Equity 59.4 59.2 59.1 60.2 56.1 56.3 69.3 86.5 93.5 103.9 109.5 120.6 131.1 140.0 149.7 167.9 187.7 205.7 215.7 180.8 191.4 (222.2) 64.2
Cash Flow
Operating Cash Flow 4.8 (1.5) 6.0 0.3 5.7 1.1 3.3 (5.0) 1.4 (8.0) 0.2 (10.4) (4.5) (15.2) (12.1) (18.2) (6.7) (20.9) (5.0) (10.2) 1.1 (14.2) (3.4) 7.6 (9.1)
Capital Expenditure (4.1) (1.7) (3.7) (3.3) (1.8) (1.2) (2.1) (0.8) (1.1) (2.2) (1.5) (6.6) (5.7) (3.9) (11.7) (14.9) (12.6) (4.6) (6.2) (4.9) (4.1) (5.1) (3.7) (6.0) (4.7)
Free Cash Flow 0.6 (3.2) 2.4 (2.9) 3.9 (0.1) 1.2 (5.8) 0.3 (10.2) (1.3) (17.0) (10.1) (19.1) (23.8) (33.1) (19.3) (25.5) (11.2) (15.1) (3.0) (19.3) (7.1) 1.6 (13.8)