ThredUp Inc. (TDUP) Stock Analysis
Consumer Cyclical · Internet Retail · NasdaqGS
ThredUp Inc. (TDUP) posted $310.81M in revenue for fiscal 2025 (up 19.5% year over year), with a net loss of $20.21M, and has compounded revenue about 10.8%/yr over five years, per its SEC filings.
Data last refreshed August 2, 2026 from SEC filings · how we compute this
The analyst's take on ThredUp Inc.
ThredUp Inc. has grown revenue from $163.81M to $310.81M over the last 7 fiscal years, compounding about 10.8% a year. The most recent year was up 19.5%, so growth is actually accelerating.
Net margin sits at -6.5%, up 23.1 points year over year on a 79.4% gross margin. It carries about $18.15M of total debt.
At today's valuation the market is pricing in roughly 88.3% annual free-cash-flow growth. The one thing worth a second look in the filings is share count rising (dilution).
Synthesised from ThredUp Inc.'s SEC filings — descriptive, not advice. Ask the analyst your own question →
ThredUp Inc. revenue & earnings — last 7 fiscal years
| Metric | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Revenue | $163.81M | $186.01M | $251.79M | $288.38M | $258.50M | $260.03M | $310.81M |
| Gross profit | $112.50M | $128.15M | $178.13M | $192.34M | $198.47M | $207.13M | $246.75M |
| Net income | $-38.20M | $-47.88M | $-63.18M | $-92.28M | $-71.25M | $-76.99M | $-20.21M |
| Net margin | -23.3% | -25.7% | -25.1% | -32.0% | -27.6% | -29.6% | -6.5% |
Source: ThredUp Inc. SEC filings (10-K).
ThredUp Inc.: 2 potential red flags in the filings
Patterns in the filed statements worth a second look — computed and cited, not AI guesswork, and not a signal to sell. The kind of thing that hides in a 10-K.
- Share count rising (dilution)Shares outstanding grew 29.0% over 4 years (98.4M → 127M) — existing holders' stakes are being diluted.
- Currently unprofitableThe latest fiscal year was a net loss (net margin -6.5%).
What growth is priced into TDUP stock?
At today's market cap of $625.20M, ThredUp Inc. is priced for free-cash-flow growth of about 88.3% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $180,000 from the FY ending 2025-12-31). For comparison, revenue 10.8%/yr, computed from its SEC filings. This is a reverse DCF — a translation of the price into a growth assumption you can judge, not a fair value and not advice. Change the assumptions yourself in the interactive view →
Explore 7 years of ThredUp Inc. financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
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ThredUp Inc. financial history by metric
About ThredUp Inc.
ThredUp Inc., together with its subsidiaries, operates an online resale platform in the United States. The company's platform enables consumers to buy and sell primarily secondhand apparel, shoes, and accessories. ThredUp Inc. was incorporated in 2009 and is headquartered in Oakland, California.
ThredUp Inc. — frequently asked questions
What is ThredUp Inc.'s revenue?
ThredUp Inc. (TDUP) reported revenue of $310.81M for fiscal year 2025, up 19.5% from the prior year, according to its SEC filings.
Is ThredUp Inc. profitable?
No — TDUP reported a net loss of $-20.21M in fiscal 2025.
What is TDUP's P/E ratio?
ThredUp Inc. trades at a price-to-earnings ratio of about 0.0 based on the latest data in our nightly-refreshed cache.
How fast is ThredUp Inc. growing?
TDUP's revenue grew at roughly 10.8% per year over the last five fiscal years (compound annual growth rate), computed from SEC-filed statements.
How much debt does ThredUp Inc. have?
As of fiscal year 2025, TDUP carried roughly $18.15M in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is ThredUp Inc.'s gross margin?
TDUP's gross margin was 79.4% in fiscal 2025 — gross profit of $246.75M on revenue of $310.81M.
What is ThredUp Inc.'s market cap?
ThredUp Inc. (TDUP) has a market capitalization of about $625.20M, based on the latest data in our nightly-refreshed cache.
When does ThredUp Inc.'s fiscal year end?
TDUP's fiscal year ends in December. Its most recent annual filing covers the fiscal year ending 2025-12-31.
What growth is priced into TDUP stock?
At today's market cap of $625.20M, ThredUp Inc. is priced for free-cash-flow growth of about 88.3% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $180,000 from the FY ending 2025-12-31). For comparison, revenue 10.8%/yr, computed from its SEC filings.
Where does this data come from?
All figures are computed from ThredUp Inc.'s official SEC filings (10-K and 10-Q), covering 7 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.