Overview Dividends

(TDUP) ThredUp - Ratings and Ratios

Exchange: NASDAQ • Country: United States • Currency: USD • Type: Common Stock • ISIN: US88556E1029

Resale, Apparel, Shoes, Accessories

Apparel Retail
Market Cap in USD: 935m

IPO / Inception: 2021-03-26
Return 12m vs S&P 500: 284%

EPS (Earnings per Share)

EPS CAGR: 36.35%
EPS Trend: 88.6%

Last SUE: 1.47
Qual. Beats: 1

Revenue

Rev. CAGR: 3.25%
Rev. Trend: -20.8%

Last SUE: 0.20
Qual. Beats: 0

Dividends

Currently no dividends paid

Risk via 5d forecast
Volatility	93.1%
Value at Risk 5%th	120%
Relative Tail Risk	-21.75%

Reward TTM
Sharpe Ratio	1.94
Alpha	345.39
CAGR/Max DD	0.78

Character TTM
Hurst Exponent	0.428
Beta	0.861
Beta Downside	0.297

Drawdowns 3y
Max DD	87.42%
Mean DD	36.08%
Median DD	35.60%

Description: TDUP ThredUp November 17, 2025

ThredUp Inc. (NASDAQ:TDUP) runs a U.S.-focused online marketplace that lets consumers buy and sell second-hand clothing, shoes, and accessories. Founded in 2009 and based in Oakland, California, the company operates a consignment model where sellers ship items to ThredUp, which then handles authentication, photography, pricing, and fulfillment.

Key recent metrics indicate that ThredUp generated roughly $1.5 billion in revenue for FY 2023, with a 23 % year-over-year increase in gross merchandise volume (GMV) driven by higher consumer adoption of resale and expanded brand partnerships. The firm’s inventory turnover improved to 2.1×, reflecting faster sell-through rates, while its contribution margin rose to 18 % as the mix shifted toward higher-priced premium items.

Sector-wide, the resale market is expanding at a compound annual growth rate of about 15 % (2020-2025), propelled by sustainability concerns, tighter consumer budgets, and the continued migration of apparel sales to e-commerce platforms. ThredUp’s performance is therefore closely tied to macro trends in disposable income, ESG-focused purchasing, and the health of the broader online retail ecosystem.

If you want a data-rich, analyst-level view of TDUP’s valuation and risk profile, ValueRay’s research hub offers a comprehensive set of metrics and scenario analyses worth exploring.

Piotroski VR‑10 (Strict, 0-10) 4.0

Net Income (-36.3m TTM) > 0 and > 6% of Revenue (6% = 15.5m TTM)

FCFTA 0.02 (>2.0%) and ΔFCFTA 8.66pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue -1.94% (prev -1.06%; Δ -0.88pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.08 (>3.0%) and CFO 13.2m > Net Income -36.3m (YES >=105%, WARN >=100%)

Net Debt (8.08m) to EBITDA (16.3m) ratio: 0.50 <= 3.0 (WARN <= 3.5)

Current Ratio 0.92 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (123.9m) change vs 12m ago 9.79% (target <= -2.0% for YES)

Gross Margin 86.51% (prev 72.32%; Δ 14.19pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 133.6% (prev 132.9%; Δ 0.69pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio 1.34 (EBITDA TTM 16.3m / Interest Expense TTM 2.05m) >= 6 (WARN >= 3)

Altman Z'' -16.16

(A) -0.03 = (Total Current Assets 60.5m - Total Current Liabilities 65.5m) / Total Assets 172.5m

(B) -3.31 = Retained Earnings (Balance) -570.5m / Total Assets 172.5m

warn (B) unusual magnitude: -3.31 — check mapping/units

(D) -5.03 = Book Value of Equity -570.5m / Total Liabilities 113.4m

Total Rating: -16.16 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 47.71

1. Piotroski 4.0pt

2. FCF Yield 0.35%

3. FCF Margin 1.27%

4. Debt/Equity 0.92

5. Debt/Ebitda 0.50

6. ROIC - WACC (= -5.25)%

7. RoE -62.76%

8. Rev. Trend -20.84%

9. EPS Trend 88.64%

What is the price of TDUP shares?

As of January 02, 2026, the stock is trading at USD 6.39 with a total of 2,440,775 shares traded.
Over the past week, the price has changed by +2.57%, over one month by -13.77%, over three months by -28.68% and over the past year by +353.19%.

Is TDUP a buy, sell or hold?

ThredUp has received a consensus analysts rating of 4.50. Therefore, it is recommended to buy TDUP.

Strong Buy: 3
Buy: 0
Hold: 1
Sell: 0
Strong Sell: 0

What are the forecasts/targets for the TDUP price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	12.5	95.6%
Analysts Target Price	12.5	95.6%
ValueRay Target Price	5.5	-13.3%

TDUP Fundamental Data Overview December 26, 2025

Market Cap USD = 934.8m (934.8m USD * 1.0 USD.USD)
P/S = 2.6507
P/B = 13.3887
Beta = 1.702
Revenue TTM = 258.8m USD
EBIT TTM = 2.76m USD
EBITDA TTM = 16.3m USD
Long Term Debt = 15.2m USD (from longTermDebt, last quarter)
Short Term Debt = 8.99m USD (from shortTermDebt, last quarter)
Debt = 54.3m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 8.08m USD (from netDebt column, last quarter)
Enterprise Value = 938.0m USD (934.8m + Debt 54.3m - CCE 51.1m)
Interest Coverage Ratio = 1.34 (Ebit TTM 2.76m / Interest Expense TTM 2.05m)
FCF Yield = 0.35% (FCF TTM 3.28m / Enterprise Value 938.0m)
FCF Margin = 1.27% (FCF TTM 3.28m / Revenue TTM 258.8m)
Net Margin = -14.05% (Net Income TTM -36.3m / Revenue TTM 258.8m)
Gross Margin = 86.51% ((Revenue TTM 258.8m - Cost of Revenue TTM 34.9m) / Revenue TTM)
Gross Margin QoQ = 75.55% (prev 79.50%)
Tobins Q-Ratio = 5.44 (Enterprise Value 938.0m / Total Assets 172.5m)
Interest Expense / Debt = 0.88% (Interest Expense 477.0k / Debt 54.3m)
Taxrate = 0.79% (-34.0k / -4.28m)
NOPAT = 2.74m (EBIT 2.76m * (1 - 0.79%))
Current Ratio = 0.92 (Total Current Assets 60.5m / Total Current Liabilities 65.5m)
Debt / Equity = 0.92 (Debt 54.3m / totalStockholderEquity, last quarter 59.1m)
Debt / EBITDA = 0.50 (Net Debt 8.08m / EBITDA 16.3m)
Debt / FCF = 2.46 (Net Debt 8.08m / FCF TTM 3.28m)
Total Stockholder Equity = 57.9m (last 4 quarters mean from totalStockholderEquity)
RoA = -21.07% (Net Income -36.3m / Total Assets 172.5m)
RoE = -62.76% (Net Income TTM -36.3m / Total Stockholder Equity 57.9m)
RoCE = 3.77% (EBIT 2.76m / Capital Employed (Equity 57.9m + L.T.Debt 15.2m))
RoIC = 3.49% (NOPAT 2.74m / Invested Capital 78.5m)
WACC = 8.73% (E(934.8m)/V(989.1m) * Re(9.19%) + D(54.3m)/V(989.1m) * Rd(0.88%) * (1-Tc(0.01)))
Discount Rate = 9.19% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 7.25%
[DCF Debug] Terminal Value 65.44% ; FCFE base≈3.28m ; Y1≈2.15m ; Y5≈984.5k
Fair Price DCF = 0.15 (DCF Value 16.1m / Shares Outstanding 104.3m; 5y FCF grow -40.0% → 3.0% )
EPS Correlation: 88.64 | EPS CAGR: 36.35% | SUE: 1.47 | # QB: 1
Revenue Correlation: -20.84 | Revenue CAGR: 3.25% | SUE: 0.20 | # QB: 0
EPS next Quarter (2026-03-31): EPS=-0.03 | Chg30d=+0.005 | Revisions Net=+0 | Analysts=3
EPS next Year (2026-12-31): EPS=-0.12 | Chg30d=+0.005 | Revisions Net=+0 | Growth EPS=+23.9% | Growth Revenue=+11.3%

Additional Sources for TDUP Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle