ThredUp Inc. (TDUP)
ThredUp Inc., along with its affiliated entities, manages digital marketplaces where users can buy and sell pre-owned apparel, footwear, and accessories primarily for women and children. This company was founded in 2009 and maintains its primary corporate office in Oakland, California.
Sector: Retail-Catalog & Mail-Order Houses
Industry: Specialty Retail
ThredUp Inc.
NASDAQ:TDUPConsumer Cyclical · Specialty Retail
-0.39%$1.28
Prev close$1.28+1.17%Open$1.30-1.54%Now$1.28
Mkt Cap$170.38M
Float104.72M
O/S133.11M
VOL229K sh
$ Vol$296K
RVOL0.13×
Inst Own81.8%
SI14.2%
EarningsNov 9 · Today
Dilution
Financials Summary
Revenue$310.81M
Net Income-$20.21M
Total Assets$167.25M
Free Cash Flow$180K
Debt & Equity
Debt 47%
Equity 53%
Total Debt$52.13M
Total Equity$59.19M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in TDUP's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$167.25M
Liabilities$108.05M
Accounts Receivable$2.44M
Accounts Payable$28.59M
Inventory$0
PP&E (Net)$92.62M
Goodwill$10.75M
Intangible Assets$0
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Revenue | $310.81M | $260.03M | $258.5M | $288.38M | $251.79M | $186.01M | $163.81M | $129.55M |
| YoY Growth | 19.5% | 0.6% | -10.4% | 14.5% | 35.4% | 13.6% | 26.4% | - |
| Cost of Revenue | $64.06M | $52.91M | $60.04M | $96.04M | $73.66M | $57.87M | $51.31M | $51.54M |
| Gross Profit | $246.75M | $207.13M | $198.47M | $192.34M | $178.13M | $128.15M | $112.5M | $78.01M |
| Gross Margin | 79.4% | 79.7% | 76.8% | 66.7% | 70.7% | 68.9% | 68.7% | 60.2% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $19M | $13.1M |
| Selling, General, and Administrative | $115.64M | $105.53M | $108.13M | $126.18M | $112.44M | $73.33M | $67.23M | $44.37M |
| Other | $151.33M | $142.21M | $143.34M | $155.64M | $128.08M | $101.41M | $82.08M | $549K |
| Total Operating Expenses | $266.97M | $247.74M | $251.47M | $281.82M | $240.52M | $174.74M | $149.31M | $112.27M |
| Operating Income (EBIT) | -$20.21M | -$40.62M | -$53M | -$89.49M | -$62.39M | -$46.59M | -$36.81M | -$34.26M |
| Operating Margin | -6.5% | -15.6% | -20.5% | -31.0% | -24.8% | -25.0% | -22.5% | -26.4% |
| Interest Expense | $1.92M | $2.52M | $2.24M | $805K | $2.27M | $1.3M | $1.43M | $437K |
| Interest Income | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Income (Expense) | $59K | $649K | $661K | -$2.76M | -$710K | -$1.23M | -$1.35M | $112K |
| Income Before Tax (EBT) | -$20.16M | -$39.97M | -$52.34M | -$92.25M | -$63.1M | -$47.82M | -$38.16M | -$34.14M |
| Income Tax Expense | $59K | $29K | $19K | $35K | $80K | $56K | $36K | $37K |
| Net Income | -$20.21M | -$76.99M | -$71.25M | -$92.28M | -$63.18M | -$47.88M | -$38.2M | -$34.18M |
| Net Income Margin | -6.5% | -29.6% | -27.6% | -32.0% | -25.1% | -25.7% | -23.3% | -26.4% |
| Supplementary Data | ||||||||
| EPS | -0.17 | -0.69 | -0.68 | -0.92 | -0.82 | -0.53 | -0.41 | -0.44 |
| Diluted EPS | -0.17 | -0.69 | -0.68 | -0.92 | -0.82 | -0.53 | -0.41 | -0.44 |
| Weighted Average OS | 121.69M | 111.96M | 104.88M | 99.82M | 77.09M | 90.86M | 94.14M | 77.51M |
| EBITDA | -$5.31M | -$20.12M | -$35.87M | -$77.41M | -$51.67M | -$40.94M | -$32.46M | -$29.54M |
| EBITDA Margin | -1.7% | -7.7% | -13.9% | -26.8% | -20.5% | -22.0% | -19.8% | -22.8% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Assets | ||||||||
| Current Assets | ||||||||
| Cash and Cash Equivalents | $38.63M | $31.85M | $56.08M | $38.03M | $84.55M | $64.48M | $85.63M | $6.65M |
| Short-Term Investments | $9.5M | $12.32M | $8.1M | $66.9M | $121.28M | $0 | $0 | $8.27M |
| Cash and Short-Term Investments | $48.13M | $44.18M | $64.18M | $104.93M | $205.83M | $64.48M | $85.63M | $14.92M |
| Accounts Receivable | $2.44M | $3.57M | $7.81M | $4.67M | $4.14M | $1.82M | $2.88M | $2.19M |
| Inventory | $0 | $690K | $15.69M | $17.52M | $9.82M | $3.52M | $3.89M | $6.18M |
| Other Current Assets | $6.11M | $8.49M | $6.2M | $7.08M | $8.63M | $3.84M | $304K | $772K |
| Total Current Assets | $56.68M | $56.92M | $93.89M | $134.19M | $228.41M | $75.16M | $94.42M | $24.83M |
| Long-Term Assets | ||||||||
| Property, Plant & Equipment Net | $92.62M | $97.33M | $129.79M | $138.63M | $94.81M | $64.79M | $26.05M | $20.89M |
| Goodwill | $10.75M | $10.75M | $11.96M | $11.59M | $12.24M | $0 | $0 | $0 |
| Intangible Assets | $0 | $0 | $8.16M | $10.5M | $13.85M | $0 | $0 | $0 |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.37M |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $7.2M | $6.22M | $6.18M | $7.03M | $11.52M | $2.96M | $2.09M | $155K |
| Total Long-Term Assets | $110.57M | $114.3M | $156.08M | $167.75M | $132.41M | $67.75M | $28.14M | $22.41M |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $167.25M | $171.22M | $249.97M | $301.95M | $360.83M | $142.91M | $122.56M | $47.24M |
| Liabilities | ||||||||
| Current Liabilities | ||||||||
| Accounts Payable | $28.59M | $23.47M | $9.46M | $23.97M | $32.46M | $23.11M | $14.18M | $5.24M |
| Short-Term Debt | $3.88M | $3.85M | $3.84M | $3.88M | $7.77M | $3.27M | $2.74M | $4.05M |
| Current Income Tax Payable | $0 | $2.61M | $4.97M | $4.33M | $5.73M | $4.59M | $4.01M | $1.82M |
| Current Unearned Revenue | $9.6M | $15.56M | $17.78M | $25.68M | $19.1M | $14.46M | $10.11M | $3.9M |
| Other Current Liabilities | $6.34M | $3.05M | $29.4M | $9.9M | $12.65M | $6.83M | $6.31M | $17.11M |
| Total Current Liabilities | $62.38M | $61.52M | $76.67M | $84.41M | $89.41M | $62.56M | $43.14M | $30.31M |
| Long-Term Liabilities | ||||||||
| Long-Term Debt | $14.28M | $18.15M | $22.01M | $25.79M | $27.56M | $31.19M | $14.54M | $4.92M |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $2.82M | $2.76M | $2.75M | $3.02M | $1.12M | $249.76M | $248.12M | $1.06M |
| Total Long-Term Liabilities | $45.67M | $53.4M | $69.38M | $77.53M | $65.68M | $302.52M | $262.66M | $5.98M |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $108.05M | $114.92M | $146.05M | $161.95M | $155.09M | $365.09M | $305.8M | $36.29M |
| Stockholders' Equity | ||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $164.39M |
| Common Stock | $12K | $11K | $11K | $10K | $10K | $1K | $1K | $1K |
| Retained Earnings | -$576.08M | -$555.86M | -$478.88M | -$407.63M | -$315.34M | -$252.17M | -$203.72M | -$165.53M |
| Comprehensive Income & Other | $3K | $3K | -$2.38M | -$4.23M | -$1.09M | $0 | $0 | -$2K |
| Other Stockholders' Equity | $635.26M | $612.15M | $582.78M | $547.62M | $521.07M | $29.99M | $20.48M | $176.47M |
| Total Equity | $59.19M | $56.3M | $103.92M | $140M | $205.73M | -$222.18M | -$183.24M | $10.95M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $167.25M | $171.22M | $249.97M | $301.95M | $360.83M | $142.91M | $122.56M | $47.24M |
| Supplementary Data | ||||||||
| Total Debt | $52.13M | $58.84M | $76.41M | $84.81M | $76.25M | $59.68M | $17.28M | $8.97M |
| Net Debt | $13.5M | $26.99M | $20.33M | $46.78M | -$8.29M | -$4.81M | -$68.35M | $2.32M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Operating Activities | ||||||||
| Net Income | -$20.21M | -$40M | -$71.25M | -$92.28M | -$63.18M | -$47.88M | -$38.2M | -$34.18M |
| Depreciation & Amortization | $12.92M | $17.33M | $14.23M | $14.03M | $9.15M | $5.58M | $4.27M | $4.17M |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $19M | $25.85M | $31.68M | $26.82M | $12.96M | $7.34M | $7.68M | $2.32M |
| Changes in Working Capital: | ||||||||
| Accounts Receivable | $1.13M | $1.48M | -$3.13M | -$530K | -$1.19M | $229K | -$638K | $84K |
| Inventory | $0 | $2.13M | $2.21M | -$7.89M | -$2.74M | $374K | $2.29M | -$153K |
| Accounts Payable | $1.42M | $3.91M | $1.7M | -$6.93M | $5.94M | $7.88M | -$426K | $2.7M |
| Other Working Capital | -$8.49M | -$10.32M | -$9.75M | $2.61M | -$2.3M | $2.78M | $13.85M | $2.24M |
| Total Working Capital Change | -$5.94M | -$2.79M | -$8.97M | -$12.74M | -$284K | $11.26M | $15.08M | $4.87M |
| Other Non-Cash Items | $4.88M | $515K | $11.72M | $12.07M | $6.33M | $4.59M | $1.08M | $333K |
| Net Cash from Operating | $10.65M | $898K | -$22.59M | -$52.1M | -$35.02M | -$19.11M | -$10.09M | -$22.49M |
| Investing Activities | ||||||||
| Capital Expenditures | -$10.47M | -$6.58M | -$15.98M | -$43.25M | -$19.83M | -$19.42M | -$9.5M | -$13.93M |
| Acquisitions | $0 | $0 | $0 | $0 | -$23.58M | $0 | $0 | $0 |
| Purchases of Investments | -$20.72M | -$31.78M | -$17.91M | -$3.48M | -$128.97M | $0 | $0 | -$35.09M |
| Sales of Investments | $24.03M | $28.1M | $77.58M | $55.65M | $2.8M | $0 | $8.25M | $27M |
| Other Investing Activities | $0 | -$6.64M | $0 | $0 | $0 | $0 | $0 | -$8.09M |
| Net Cash from Investing | -$7.17M | -$16.9M | $43.68M | $8.92M | -$169.58M | -$19.42M | -$1.25M | -$22.02M |
| Financing Activities | ||||||||
| Debt Repaid | $4M | $4M | $4M | $5.94M | -$625K | -$17.16M | -$7.95M | -$3.4M |
| Common Stock Issuance | $27.93M | $3.67M | $5.16M | $0 | $226.91M | $0 | $0 | $3.12M |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$3.31M |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | -$24.33M | -$4.06M | -$4.76M | $2.01M | $1.43M | $1.05M | $722K | $126K |
| Net Cash from Financing | -$397K | -$4.39M | -$3.6M | -$3.94M | $228.96M | $18.21M | $91.18M | $38.97M |
| Forex Effect | $0 | $1.14M | -$68K | -$672K | -$64K | $0 | $0 | $0 |
| Net Change in Cash | $3.09M | -$19.26M | $17.42M | -$47.79M | $24.3M | -$20.31M | $79.84M | -$5.54M |
| Supplementary Data | ||||||||
| Operating Cash Flow | $10.65M | $898K | -$22.59M | -$52.1M | -$35.02M | -$19.11M | -$10.09M | -$22.49M |
| Capital Expenditure | -$10.47M | -$6.58M | -$15.98M | -$43.25M | -$19.83M | -$19.42M | -$9.5M | -$13.93M |
| Free Cash Flow | $180K | -$5.69M | -$38.58M | -$95.36M | -$54.85M | -$38.53M | -$19.59M | -$36.42M |
| Cash at Beginning | $40.49M | $54.8M | $44.05M | $91.84M | $67.54M | $87.85M | $8.02M | $13.55M |
| Cash at End | $43.58M | $35.54M | $61.47M | $44.05M | $91.84M | $67.54M | $87.85M | $8.02M |