ThredUp Inc

ThredUp's capital structure shows a market price of $4.44 per share, with a market cap of $572.94 million. The company's price-to-book ratio is 6.62, and its price-to-tangible-book ratio is also 6.62, indicating a premium valuation relative to its book value. The enterprise value to EBITDA ratio is negative at -38.63, reflecting the company's current operating losses.

Profitability metrics show a return on equity of -16.13% and a return on assets of -6.04%, both significantly below the industry median for online services. The company reported a net loss of $13.95 million and an operating loss of $14.29 million, with a gross profit of $56.12 million on revenue of $79.76 million.

Geographically, ThredUp's revenue is primarily concentrated in the United States, with no material international operations disclosed. The company's business is driven by domestic consumer demand for secondhand fashion, and it has not disclosed any material revenue from international markets.

The company's growth trajectory is mixed. While revenue has increased in recent periods, the operating and net losses have widened. The company's free cash flow is negative at -$10.72 million, and its operating cash flow is also negative at -$3.58 million. Capital expenditures amounted to -$2.79 million, indicating a reduction in capital spending.

Risk factors include liquidity concerns, with a current ratio of 1.06 and a low liquidity rating. The company has a debt-to-equity ratio of 0.28, indicating a relatively low level of leverage. There are no immediate filing-based liquidity or dilution flags, and the dilution risk is assessed as low.

Recent events include analyst price targets ranging from $5.70 to $10.00, with a mean of $8.44 and a median of $9.00. The mean recommendation is 2.00, indicating a "Buy" rating. No recent filings or transcripts have been disclosed that would significantly alter the company's risk profile.

ThredUp Inc (TDUP.O) has recorded two notable additions to its shareholder base as of March 31, 2026, marking the first analysis for this ticker. These changes represent new institutional interest rather than shifts in existing holdings, as there is no prior basis for delta computation in the current dataset. The first notable addition involves an investor acquiring 2,355,071 shares, valued at approximately $7.73 million. This position accounts for a weight of 0.00048% of the total shares, indicating a modest but distinct entry into the company's capital structure. A second investor added 302,603 shares to their portfolio, with a total value of roughly $0.99 million. This holding represents a weight of 0.00018% of the total shares, further diversifying the ownership profile of the resale platform. These new positions contribute to ThredUp's current top holder count of 23. The company currently has no analyst coverage, no index memberships, and no reported officers in the available data, suggesting that these recent holder additions are occurring in a vacuum of broader market consensus or executive visibility.

Operating losses narrowed significantly by 45.9% year-over-year, indicating improving operational efficiency and cost management capabilities.

Free cash flow improved by 39.3% year-over-year, reducing cash burn and enhancing financial sustainability prospects.

Analysts project 38.7% upside to a mean price target of $8.44, reflecting positive market sentiment.

High credit risk flags suggest potential difficulties in meeting financial obligations or securing favorable financing terms.

Cash conversion ratio of 0.26 is well below the cohort median of 1.06, highlighting inefficient capital utilization.

Revenue $81.7M, +14,6% YoY; Operating income −21,3% YoY.

• ▍Revenue $81.7M, +14,6% YoY
• ▍Operating income −21,3% YoY
• ▍Net income −24,1% YoY
• ▍Free cash flow −90,0% YoY
• ▍Net margin -7.9%

Revenue $79.7M, +188,1% YoY; Operating income −145,4% YoY.

• ▍Revenue $79.7M, +188,1% YoY
• ▍Operating income −145,4% YoY
• ▍Net income +74,3% YoY
• ▍Free cash flow −121,9% YoY
• ▍Net margin -7.0%

Revenue $82.2M, +33,6% YoY; Operating income +58,1% YoY.

• ▍Revenue $82.2M, +33,6% YoY
• ▍Operating income +58,1% YoY
• ▍Net income +82,8% YoY
• ▍Free cash flow +41,9% YoY
• ▍Net margin -5.2%

Revenue $77.7M, −2,6% YoY; Operating income +63,3% YoY.

• ▍Revenue $77.7M, −2,6% YoY
• ▍Operating income +63,3% YoY
• ▍Net income +62,9% YoY
• ▍Free cash flow +51,0% YoY
• ▍Net margin -6.7%

Revenue $71.3M; Operating income -$5.4M.

• ▍Revenue $71.3M
• ▍Operating income -$5.4M
• ▍Net margin -7.3%

Revenue $27.7M; Operating income $15.3M.

• ▍Revenue $27.7M
• ▍Operating income $15.3M
• ▍Net margin -78.5%

Revenue $61.5M; Operating income -$10.5M.

• ▍Revenue $61.5M
• ▍Operating income -$10.5M
• ▍Net margin -40.3%

Revenue $79.8M; Operating income -$14.3M.

• ▍Revenue $79.8M
• ▍Operating income -$14.3M
• ▍Net margin -17.5%

Revenue $310.8M, +19,5% YoY; Operating income +45,9% YoY.

• ▍Revenue $310.8M, +19,5% YoY
• ▍Operating income +45,9% YoY
• ▍Net income +73,7% YoY
• ▍Free cash flow +39,3% YoY
• ▍Net margin -6.5%

Revenue $260.0M, +0,6% YoY; Operating income +23,4% YoY.

• ▍Revenue $260.0M, +0,6% YoY
• ▍Operating income +23,4% YoY
• ▍Net income −8,1% YoY
• ▍Free cash flow +42,9% YoY
• ▍Net margin -29.6%

Revenue $258.5M, −10,4% YoY; Operating income +40,8% YoY.

• ▍Revenue $258.5M, −10,4% YoY
• ▍Operating income +40,8% YoY
• ▍Net income +22,8% YoY
• ▍Free cash flow +57,8% YoY
• ▍Net margin -27.6%

Revenue $288.4M, +14,5% YoY; Operating income −43,4% YoY.

• ▍Revenue $288.4M, +14,5% YoY
• ▍Operating income −43,4% YoY
• ▍Net income −46,1% YoY
• ▍Free cash flow −64,4% YoY
• ▍Net margin -32.0%