TDUP Stock Analysis: ThredUp | NASDAQ
Internet Retail | NASDAQ, USA | Market Cap: 296m USD | 12M Return: -77.1% | US88556E1029 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 5.09M
Qual. Beats: 0
Rev. Trend: -2.8%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 5.5 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
ThredUp Inc. (NASDAQ: TDUP) operates an online resale platform in the United States, enabling consumers to buy and sell primarily secondhand apparel, shoes, and accessories. The company is headquartered in Oakland, California, and was incorporated in 2009 before going public in March 2021.
ThredUp operates within the Consumer Discretionary sector (Apparel Retail sub-industry) and is part of the growing online secondhand and circular fashion market. The company runs a managed resale model in which it processes, photographs, lists, and ships items on behalf of individual sellers, distinguishing it from peer-to-peer marketplace approaches. Its revenue typically comes from a combination of buyer markups, seller payouts, and value-added services such as Clean Out Kits that streamline the consignment process for consumers looking to liquidate used clothing.
- Active buyer growth and order frequency lift GMV and revenue
- Competition from Poshmark and Vinted pressures pricing and market share
- Adjusted EBITDA profitability timeline remains key margin focus
| Net Income: -22.2m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.01 > 0.02 and ΔFCF/TA -0.26 > 1.0 |
| NWC/Revenue: -0.12% < 20% (prev -0.97%; Δ 0.85% < -1%) |
| CFO/TA 0.08 > 3% & CFO 13.8m > Net Income -22.2m |
| Net Debt/EBITDA: error (EBITDA <= 0) |
| Current Ratio: 0.99 > 1.5 & < 3 |
| Outstanding Shares: last quarter (129.9m) vs 12m ago 7.96% < -2% |
| Gross Margin: 80.46% > 18% (prev 85.64%; Δ -5.18% > 0.5%) |
| Asset Turnover: 194.5% > 50% (prev 143.8%; Δ 50.71% > 0%) |
| Interest Coverage Ratio: -12.95 > 6 (EBIT TTM -20.6m / Interest Expense TTM 1.59m) |
| A: -0.00 (Total Current Assets 61.2m - Total Current Liabilities 61.6m) / Total Assets 170.1m |
| B: -3.46 (Retained Earnings -588.5m / Total Assets 170.1m) |
| C: -0.12 (EBIT TTM -20.6m / Avg Total Assets 171.9m) |
| D: 0.56 (Book Value of Equity 60.7m / Total Liabilities 109.4m) |
| Altman-Z'' = -11.51 = D |
| DSRI: 0.51 (Receivables 2.62m/3.80m, Revenue 334.3m/249.6m) |
| GMI: 1.06 (GM 85.64% / 80.46%) |
| AQI: 1.09 (AQ_t 0.10 / AQ_t-1 0.10) |
| SGI: 1.34 (Revenue 334.3m / 249.6m) |
| TATA: -0.21 (NI -22.2m - CFO 13.8m) / TA 170.1m) |
| Beneish M = -3.09 (Cap -4..+1) = AA |
As of September 30, 2026, the stock is trading at USD 2.19 with a total of 1,363,669 shares traded. Over the past week, the price has changed by -10.61%, over one month by -18.59%, over three months by -68.71% and over the past year by -77.07%.
Current recommended Stop Loss: 2.00 (which is 8.7% or 1.2 ATR below the current price).
ThredUp has received a consensus analysts rating of 4.50. Therefore, it is recommended to buy TDUP.
- StrongBuy: 3
- Buy: 0
- Hold: 1
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 7.2 | 230.6% |
P/S = 0.8839
P/B = 4.94
Revenue TTM = 334.3m USD
EBIT TTM = -20.6m USD
EBITDA TTM = -3.31m USD
Long Term Debt = 17.7m USD (from longTermDebt, last quarter)
Short Term Debt = 5.77m USD (from shortTermDebt, last quarter)
Debt = 83.5m USD (from shortLongTermDebtTotal, last quarter) + Leases 32.9m
Net Debt = 31.1m USD (calculated: Debt 83.5m - CCE 52.4m)
Enterprise Value = 326.6m USD (295.5m + Debt 83.5m - CCE 52.4m)
Interest Coverage Ratio = -12.95 (Ebit TTM -20.6m / Interest Expense TTM 1.59m)
EV/FCF = 202.5x (Enterprise Value 326.6m / FCF TTM 1.61m)
FCF Yield = 0.49% (FCF TTM 1.61m / Enterprise Value 326.6m)
FCF Margin = 0.48% (FCF TTM 1.61m / Revenue TTM 334.3m)
Net Margin = -6.65% (Net Income TTM -22.2m / Revenue TTM 334.3m)
Gross Margin = 80.46% ((Revenue TTM 334.3m - Cost of Revenue TTM 65.3m) / Revenue TTM)
Gross Margin QoQ = 79.90% (prev 79.17%)
Tobins Q-Ratio = 1.92 (Enterprise Value 326.6m / Total Assets 170.1m)
Interest Expense / Debt = 1.91% (Interest Expense 1.59m / Debt 83.5m)
Taxrate = 21.0% (US federal default 21%)
NOPAT = -16.3m (EBIT -20.6m * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 0.99 (Total Current Assets 61.2m / Total Current Liabilities 61.6m)
Debt / Equity = 1.37 (Debt 83.5m / totalStockholderEquity, last quarter 60.7m)
Debt / EBITDA = -9.37 (negative EBITDA) (Net Debt 31.1m / EBITDA -3.31m)
Debt / FCF = 19.26 (Net Debt 31.1m / FCF TTM 1.61m)
Total Stockholder Equity = 59.6m (last 4 quarters mean from totalStockholderEquity)
RoA = -12.93% (Net Income -22.2m / Total Assets 170.1m)
RoE = -37.30% (Net Income TTM -22.2m / Total Stockholder Equity 59.6m)
RoCE = -26.66% (EBIT -20.6m / Capital Employed (Equity 59.6m + L.T.Debt 17.7m))
RoIC = -16.69% (negative operating profit) (NOPAT -16.3m / Invested Capital 97.6m)
WACC = 9.56% (E(295.5m)/V(379.0m) * Re(11.84%) + D(83.5m)/V(379.0m) * Rd(1.91%) * (1-Tc(0.21)))
Discount Rate = 11.84% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 99.47 | Cagr: 7.96%
[DCF] Terminal Value 68.69% ; FCFF base≈1.81m ; Y1≈1.59m ; Y5≈1.28m
[DCF] Fair Price = N/A (negative equity: EV 17.1m - Net Debt 31.1m = -13.9m; debt exceeds intrinsic value)
EPS Correlation: N/A | EPS CAGR: N/A | SUE: -0.75 | # QB: 0
Revenue Correlation: -2.80 | Revenue CAGR: -0.40% | SUE: 0.03 | # QB: 0
EPS current Quarter (2026-09-30): EPS=-0.04 | Chg30d=N/A | Revisions=+0% | Analysts=4
EPS current Year (2026-12-31): EPS=-0.17 | Chg30d=-76.85% | Revisions=-25% | GrowthEPS=+1.5% | GrowthRev=+11.6%
EPS next Year (2027-12-31): EPS=-0.12 | Chg30d=-104.17% | Revisions=+0% | GrowthEPS=+25.8% | GrowthRev=+10.3%
[Analyst] Revisions Ratio: -25% (up=0, down=1)