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MARKETS / NASDAQ / TDUP
NASDAQ · RETAIL-CATALOG & MAIL-ORDER HOUSES · MID CAP

ThredUp Inc. TDUP

7 fiscal years on record · USD · FY2025 reported · SEC filings only
$310.8M
▲ 19.5% YoY
$-20.2M
$180,000
In brief

What this company does

ThredUp operates an online resale platform for apparel, shoes and accessories. The marketplace enables buyers in the United States to browse and purchase resale apparel, shoes and accessories across a wide range of price points. As of December 31, 2025, the Company operated distribution centers that could collectively hold more than 7.5 million items. Its existing distribution centers are located in Arizona, Georgia, Pennsylvania, and Texas. As of December 31, 2025, the Company had 2,132 employees and professional contractors, including 1,817 distribution center employees. In addition to its core marketplace, ThredUp offers a Resale-as-a-Service (RaaS) offering that allows brands and retailers to provide a scalable closet clean-out service and/or resale shop to their customers. The Company was incorporated in 2009 under the name ThredUp Inc. as a Delaware corporation.

Written from the business description in ThredUp Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 2 March 2026. Every sentence was checked against that document before publication.

Growth
USD 310.8M
Revenue, FY2025 · full 7-year series below
Revenue $M Net income $M
FY2025 · Revenue 310.8 · Net income -20.2
200M-40M-80M2019202020212022202320242025
Compound annual growth
+2.5%
+10.8%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +10.8% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
−7 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating -7.0% · Net -6.5%
-10%-20%-30%2019202020212022202320242025
ROE
FY2025 · ROE -35.0%
-50%2019202020212022202320242025

Each USD of equity lost 35 cents this year.

Cash & shareholders
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF 0.2
-40M-80M2019202020212022202320242025

Total assetsUSD 167.2M
EquityUSD 59.2M
CashUSD 38.6M
Gross debtUSD 18.2M
Net debtUSD -20.5M
Current ratio0.91×

The company holds more cash than debt.

The 7-year record
7 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 2025202420232022202120202019
Revenue $B0.30.30.30.30.30.20.2
Operating income $B−0.0−0.0−0.1−0.1−0.1−0.0−0.0
EBITDA $B−0.0−0.0−0.0−0.1−0.1−0.0−0.0
Income tax $B0.00.00.00.00.00.00.0
Net income $B−0.0−0.1−0.1−0.1−0.1−0.0−0.0
Free cash flow $B0.0−0.0−0.0−0.1−0.1−0.0−0.0
EPS, diluted $−0.17−0.69−0.68−0.92−0.82−4.14−3.72
Dividend / sh $·······
Payout %·······
ROE %−35.0−96.1−58.4−53.4···
Shares out B0.130.120.110.100.100.01·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 33 reconciliationsAUDITED

Reconciled in 7 of 19 fiscal years. 62 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityRetail-Catalog & Mail-Order Houses
Listed onNASDAQ
Incorporated inDelaware
Fiscal year endsDecember 31
SEC categoryemerging growth company
Data on record since2019

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