analyzeportfolio
Nasdaq · Consumer Discretionary

ThredUp Inc. (TDUP)

As-reported financials and SEC filings for ThredUp Inc. The latest annual period is FY2025. The latest reported quarter is Q2 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About ThredUp Inc.

ThredUp Inc. operates an online resale platform for apparel, shoes, and accessories in the United States. The company provides a managed marketplace where buyers can purchase secondhand items across various price points, and sellers can send in items using prepaid Clean Out Bags for resale or donation. ThredUp also offers a Resale-as-a-Service solution to brands and retailers to facilitate resale options for their customers.

Snapshot

Revenue
$310.8M
Revenue growth (YoY)
19.5%
Net income
$-20.2M
Diluted EPS
$-0.17
Gross margin
79.4%
Operating margin
-7.0%
Net margin
-6.5%
FCF margin
0.1%
ROE
-34.1%
net income / fiscal-year-end equity
P/E
n/m
not meaningful: a reported loss in the fiscal year or the trailing twelve months
Market cap
$303.4M
Long-term debt / equity
0.24×
non-current term debt only

Fundamentals are from SEC filings for FY2025, the latest annual period (ended December 31, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at ThredUp

  • Revenue grew 19.5% to $311M in FY2025, faster than the 0.6% the year before.
  • Operating margin is -7.0% in FY2025, +17.8 pp against -24.8% in FY2021.
  • Most recent quarter Q2 FY2026: revenue $91M, up 16.9% from Q2 FY2025.
  • Free cash flow was $180000 in FY2025, 0.1% of revenue.
  • Net loss narrowed to $20M in FY2025, from $77M in FY2024.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where ThredUp’s fundamentals sit among the 410 Consumer Discretionary companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Gross margin79.4%
98th percentile of 277
Operating margin-7.0%
15th percentile of 348
Net margin-6.5%
18th percentile of 384
FCF margin0.1%
23rd percentile of 358
Revenue growth (YoY)+19.5%
89th percentile of 401
ROE-34.1%
16th percentile of 349
Long-term debt / equity0.24×
29th percentile of 236
Short interest6.53d
75th percentile of 408

ThredUp’s gross margin of 79.4% ranks in the 98th percentile of the 277 Consumer Discretionary companies reporting it. ThredUp’s revenue growth of +19.5% ranks in the 89th percentile of the 401 Consumer Discretionary companies reporting it. ThredUp’s operating margin of -7.0% ranks in the 15th percentile of the 348 Consumer Discretionary companies reporting it.

No reported insider purchases (code P) in the last 90 days; 9 insider sales totaling $712,027. For context, about 15% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among sector peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 1 of the superinvestors we track (plus 7 quant / multi-strat books), based on each investor’s most recent 13F; periods vary by investor (newest: Q2 2026).

Conviction investors
1
+7 quant / multi-strat
Initiated / added
4
1 new, 3 added
Reduced / exited
4
4 trimmed, 0 exited
Combined position
$79.4M
reported long value
InvestorAs ofPosition valueSharesChange
AQR Capital ManagementquantQ2 2026$35.3M5.2MAdded
Two Sigma InvestmentsquantQ2 2026$15.6M2.3MAdded
D. E. ShawquantQ2 2026$12.4M1.8MAdded
Millennium ManagementquantQ2 2026$6.4M935.9KReduced
Renaissance TechnologiesquantQ2 2026$5.7M838.4KReduced
Point72 Asset ManagementquantQ2 2026$2.1M310.7KReduced
Citadel AdvisorsquantQ2 2026$1.4M203.4KReduced
Polen Capital ManagementQ2 2026$515,74375.3KNew

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
0
code P
Bought (90d)
—
code P value
Sells (90d)
9
$712K
Reported activity
Net selling
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-09-02
James G. ReinhartChief Executive OfficerSell86.2K$2.58$223K
2026-09-02
James G. ReinhartChief Executive OfficerSell57.8K$2.58$149K
2026-09-02
James G. ReinhartChief Executive OfficerSell27.1K$2.58$70K
2026-09-02
Christopher HomerChief Operating OfficerSell26.6K$2.58$69K
2026-09-02
Christopher HomerChief Operating OfficerSell19.5K$2.58$50K
2026-09-02
Sean SobersChief Financial OfficerSell19.0K$2.58$49K
2026-09-02
Christopher HomerChief Operating OfficerSell14.1K$2.58$36K
2026-09-02
Sean SobersChief Financial OfficerSell13.4K$2.58$35K
2026-09-02
Sean SobersChief Financial OfficerSell12.2K$2.58$32K
2026-06-02
filed 2026-06-03
James G. ReinhartChief Executive OfficerSell88.2K$4.43$391K
2026-06-02
filed 2026-06-03
James G. ReinhartChief Executive OfficerSell59.1K$4.43$262K
2026-06-02
filed 2026-06-03
James G. ReinhartChief Executive OfficerSell27.7K$4.43$123K

Reported non-derivative purchases and sales (codes P/S), which may be open-market or private. Excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
15.5M
settled 2026-09-30
Change vs prior
-27.2%
vs previous settlement
Days to cover
6.53
at avg daily volume
Avg daily volume
2.4M
FINRA reported
SettlementShares shortChangeDays to cover
2026-09-3015.5M-27.2%6.53
2026-09-1521.3M+13.8%10.22
2026-08-3118.7M-0.3%8.39
2026-08-1418.7M-2.4%3.78
2026-07-3119.2M-3.3%14.53
2026-07-1519.8M+1.1%13.35
2026-06-3019.6M-13.6%8.30
2026-06-1522.7M+0.1%11.79

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$310.8M$260.0M$258.5M$288.4M$251.8M
Gross profit
Operating income$-21.7M$-40.6M$-53.0M$-89.5M$-62.4M
Net income$-20.2M$-77.0M$-71.2M$-92.3M$-63.2M
Diluted EPS$-0.17$-0.69$-0.68$-0.92$-0.82

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (tap or hover a figure to see how it was calculated or what was filed). Full details: where the numbers come from.

Balance sheet (as reported)

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (tap or hover a figure to see how it was calculated or what was filed). Full details: where the numbers come from.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$10.7M$4.9M$-9.8M$-52.1M$-35.0M
Capital expenditure$10.5M$6.6M$13.1M$43.3M$19.8M
Free cash flow

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (tap or hover a figure to see how it was calculated or what was filed). Full details: where the numbers come from.

Quarterly trend

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q2 FY2026$90.8M16.9%$-5.9M$-0.05
Q1 FY2026$81.7M14.6%$-6.5M$-0.05
Q4 FY202518.5%
Q3 FY2025$82.2M33.6%$-4.2M$-0.03
Q2 FY2025$77.7M16.4%$-5.2M$-0.04
Q1 FY2025$71.3M10.5%$-5.2M$-0.04
Q4 FY2024276.3%
Q3 FY2024$61.5M-25.0%$-24.8M$-0.22

Latest 8 quarters, from company XBRL filings on SEC EDGAR. A dotted underline marks a fourth-quarter figure we calculated from the full year and the first nine months. Revenue YoY is our calculation too: each quarter against the same quarter a year earlier.

Company facts

ExchangeNasdaq
SectorConsumer Discretionary
SIC industryRetail-Catalog & Mail-Order Houses
Latest annual periodFY2025 (ended December 31, 2025)
Latest reported quarterQ2 FY2026 (ended June 30, 2026)
Oldest indexed filing2010
SEC CIK1484778

Selected SEC filings

10-K2026-03-02
View on EDGAR →
10-Q2026-08-05
View on EDGAR →
10-Q2026-05-04
View on EDGAR →
8-K2026-08-05
View on EDGAR →
8-K2026-05-21
View on EDGAR →
8-K2026-05-04
View on EDGAR →

Largest Consumer Discretionary peers

All Consumer Discretionary companies →

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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.