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ThredUp share price today

ThredUp Inc. · TDUP · Consumer Discretionary · Internet Retail · price as of the 4 November 2026 close, updated every trading day · results updated weekly · All US stock lists

ThredUp share price: $2.19 at the close on 4 November 2026, −72.3% in a year.

$2.19Price −72.3% in a year
$90.8 MRevenue (Jun 2026) +16.9% on a year ago
−$5.9 MProfit (Jun 2026)
−6.7%Operating margin +0.1 points on a year ago
−34%ROE FY25
−13.2%ROIC against a 14.2% cost of capital: −27.4 points

ThredUp Inc.'s share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer.

Biggest thing to watch: the price is not yet in a clear uptrend, so timing is the risk more than the business.

The price has been between phases. Over the last four quarters, results have been improving. What will decide it: the next one or two quarters of results.

What is the ThredUp share price today?

ThredUp Inc.'s share price was $2.19 at the close on 4 November 2026. That is 46.6% below its average price over the last 200 trading days. In the last 52 weeks it traded between $2 and $9, and at that close it sat 3% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). The phase helps read everything below.

Over the past 13 weeks it has done worse than the S&P 500, and it has been behind for 14 weeks running.

Nov 2026: $2.19, 46.6% below its 200-day average.

  • Price $2.19
  • 50-day avg $2.36
  • 200-day avg $4.10
Nov 2026: $2.19, 46.6% below its 200-day average.
WeekPrice50-day avg200-day avg
11 Jul 2025$7.08––
18 Jul 2025$7.33––
25 Jul 2025$7.69––
1 Aug 2025$8.47––
8 Aug 2025$10.00––
15 Aug 2025$10.51––
22 Aug 2025$11.68––
29 Aug 2025$10.82––
5 Sep 2025$11.60––
12 Sep 2025$10.40––
19 Sep 2025$10.53$9.75–
26 Sep 2025$9.21$10.00–
3 Oct 2025$9.43$10.12–
10 Oct 2025$8.63$10.25–
17 Oct 2025$9.11$10.20–
24 Oct 2025$8.93$10.07–
31 Oct 2025$8.79$9.90–
7 Nov 2025$7.91$9.54–
14 Nov 2025$7.48$9.21–
21 Nov 2025$7.04$8.85–
28 Nov 2025$7.52$8.60–
5 Dec 2025$8.72$8.41–
12 Dec 2025$8.23$8.32–
19 Dec 2025$7.48$8.17–
26 Dec 2025$6.23$7.97–
2 Jan 2026$6.07$7.74–
9 Jan 2026$6.00$7.46–
16 Jan 2026$5.58$7.17–
23 Jan 2026$5.19$6.97–
30 Jan 2026$5.08$6.73–
6 Feb 2026$4.92$6.50–
13 Feb 2026$4.70$6.23–
20 Feb 2026$4.64$5.94–
27 Feb 2026$4.88$5.59–
6 Mar 2026$3.65$5.24–
13 Mar 2026$3.42$4.98–
20 Mar 2026$3.26$4.69–
27 Mar 2026$3.18$4.45–
2 Apr 2026$3.36$4.27–
10 Apr 2026$3.76$4.11–
17 Apr 2026$4.46$4.02–
24 Apr 2026$4.21$3.97$7.15
1 May 2026$4.48$3.93$7.08
8 May 2026$4.82$3.94$7.00
15 May 2026$4.10$3.94$6.92
22 May 2026$4.29$3.99$6.79
29 May 2026$4.65$4.08$6.68
5 Jun 2026$4.82$4.21$6.53
12 Jun 2026$5.05$4.37$6.37
18 Jun 2026$6.01$4.53$6.26
26 Jun 2026$6.93$4.78$6.14
2 Jul 2026$7.03$4.98$6.07
10 Jul 2026$6.60$5.23$5.97
17 Jul 2026$6.60$5.43$5.90
24 Jul 2026$5.70$5.57$5.82
31 Jul 2026$5.78$5.74$5.75
7 Aug 2026$3.21$5.80$5.64
14 Aug 2026$3.07$5.65$5.49
21 Aug 2026$2.79$5.45$5.34
28 Aug 2026$2.72$5.21$5.22
4 Sep 2026$2.72$4.85$5.09
11 Sep 2026$2.61$4.51$5.00
18 Sep 2026$2.48$4.08$4.88
25 Sep 2026$2.25$3.66$4.73
2 Oct 2026$2.17$3.25$4.58
9 Oct 2026$2.48$2.89$4.45
16 Oct 2026$2.20$2.57$4.35
23 Oct 2026$2.00$2.48$4.25
30 Oct 2026$2.08$2.40$4.15
4 Nov 2026$2.19$2.36$4.10
Weekly closing price ($) with its 50-day and 200-day averages. 1-year window.

Week by week since 2025: did it beat the S&P 500 over the past 13 weeks?

Ahead in 12 of 57 weeks

Week by week since 2025: did it beat the S&P 500 over the past 13 weeks?
Week13-week return vs S&P 500
11 Jul 2025no S&P 500 reading
18 Jul 2025no S&P 500 reading
25 Jul 2025no S&P 500 reading
1 Aug 2025no S&P 500 reading
8 Aug 2025no S&P 500 reading
15 Aug 2025no S&P 500 reading
22 Aug 2025no S&P 500 reading
29 Aug 2025no S&P 500 reading
5 Sep 2025no S&P 500 reading
12 Sep 2025no S&P 500 reading
19 Sep 2025no S&P 500 reading
26 Sep 2025no S&P 500 reading
3 Oct 2025no S&P 500 reading
10 Oct 2025+17.2%
17 Oct 2025+18.4%
24 Oct 2025+9.8%
31 Oct 2025−5.9%
7 Nov 2025−26.2%
14 Nov 2025−33.3%
21 Nov 2025−41.9%
28 Nov 2025−36.4%
5 Dec 2025−30.8%
12 Dec 2025−24.6%
19 Dec 2025−31.5%
26 Dec 2025−36.7%
2 Jan 2026−37.7%
9 Jan 2026−36.8%
16 Jan 2026−42.9%
23 Jan 2026−43.7%
30 Jan 2026−43.7%
6 Feb 2026−40.7%
13 Feb 2026−38.6%
20 Feb 2026−38.7%
27 Feb 2026−35.5%
6 Mar 2026−56.2%
13 Mar 2026−55.6%
20 Mar 2026−51.7%
27 Mar 2026−40.8%
2 Apr 2026−40.6%
10 Apr 2026−35.2%
17 Apr 2026−22.7%
24 Apr 2026−22.5%
1 May 2026−16.0%
8 May 2026−8.8%
15 May 2026−21.2%
22 May 2026−15.7%
29 May 2026−15.0%
5 Jun 2026+22.4%
12 Jun 2026+35.7%
18 Jun 2026+69.2%
26 Jun 2026+103.0%
2 Jul 2026+95.7%
10 Jul 2026+64.4%
17 Jul 2026+43.3%
24 Jul 2026+31.9%
31 Jul 2026+25.4%
7 Aug 2026−38.2%
14 Aug 2026−30.2%
21 Aug 2026−37.7%
28 Aug 2026−43.2%
4 Sep 2026−48.0%
11 Sep 2026−51.4%
18 Sep 2026−60.7%
25 Sep 2026−73.3%
2 Oct 2026−72.5%
9 Oct 2026−65.6%
16 Oct 2026−69.4%
23 Oct 2026−67.8%
30 Oct 2026−65.2%
4 Nov 2026−30.9%
Each bar is one week, from 2025 to now (57 weeks with a reading). Green means the stock's return over the previous 13 weeks beat the S&P 500; red means it trailed. The colour is strongest at a gap of 25 percentage points or more. A gap means there is no reading for that week.

Over the last 1 year the share price moved −69% while the S&P 500 moved +23%, so it is behind the index over that whole period. It was last ahead over 13 weeks in the week of 31 July 2026. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

What dividend does ThredUp pay?

ThredUp Inc. pays no dividend. In the last 12 reported quarters it declared no dividend per share, so there is no payout history to chart and no yield to show. Companies like this usually keep their earnings in the business, so the cash-flow sections show where that cash goes.

Which stock lists is ThredUp on?

ThredUp is not in the Nasdaq 100, the S&P 500 or the Dow Jones 30, and is not on the US tech stocks list.

Is ThredUp profitable?

ThredUp Inc. posted a net loss of $5.9 M in the Jun 2026 quarter. The full FY25 year was a loss of $20.2 M. That loss is 6.5% of the quarter's revenue. The same quarter a year earlier lost $5.2 M. 12 of the last 12 reported quarters were loss-making.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

FY25 profit −$20.2 M

  • Net profit −$20.2 M
FY25 profit −$20.2 M
QuarterNet profit
FY21−$63.2 M
FY22−$92.3 M
FY23−$71.2 M
FY24−$77.0 M
FY25−$20.2 M
Net profit each year, $ M. 5-year window. A grey bar is lower than the year before.

Jun 2026: −$5.9 M

  • Net profit (quarterly) −$5.9 M
Jun 2026: −$5.9 M
QuarterNet profit (quarterly)
Jun 2023−$18.8 M
Sep 2023−$18.1 M
Mar 2024−$16.6 M
Jun 2024−$14.0 M
Sep 2024−$24.8 M
Dec 2024−$21.7 M
Mar 2025−$5.2 M
Jun 2025−$5.2 M
Sep 2025−$4.2 M
Dec 2025−$5.6 M
Mar 2026−$6.5 M
Jun 2026−$5.9 M
Net profit each quarter, $ M. Last 12 quarters. A grey bar is lower than the quarter before.

How much revenue does ThredUp make, and is it growing?

ThredUp Inc. reported $90.8 M of revenue in the Jun 2026 quarter, +16.9% on the same quarter a year earlier. That is the 6th quarter in a row with growth on the year before. Over 4 years it has grown 5.4% a year on average. The last full year, FY25, came in at $311 M.

Revenue is everything the company billed its customers in the period.

The last four reported quarters add to $334 M.

FY25 revenue was $311 M, +19.5% on the year before.

FY25 revenue $311 M (+19.5% on the year before), 5.4% a year over 4 years

  • Revenue $311 M
FY25 revenue $311 M (+19.5% on the year before), 5.4% a year over 4 years
QuarterRevenue
FY21$252 M
FY22$288 M
FY23$259 M
FY24$260 M
FY25$311 M

Growth on a year earlier

  • Growth on a year earlier 19.5%
Growth on a year earlier
QuarterGrowth on a year earlier
FY21–
FY2214.5%
FY23−10.4%
FY240.6%
FY2519.5%
Top: revenue each year, $ M. Below: growth on the year before, %. 5-year window. A grey bar is lower than the year before.

Jun 2026: $90.8 M (+16.9% on a year earlier), the 6th quarter in a row of growth

  • Revenue (quarterly) $90.8 M
Jun 2026: $90.8 M (+16.9% on a year earlier), the 6th quarter in a row of growth
QuarterRevenue (quarterly)
Jun 2023$82.7 M
Sep 2023$82.0 M
Mar 2024$64.5 M
Jun 2024$66.7 M
Sep 2024$61.5 M
Dec 2024$67.3 M
Mar 2025$71.3 M
Jun 2025$77.7 M
Sep 2025$82.2 M
Dec 2025$79.7 M
Mar 2026$81.7 M
Jun 2026$90.8 M

Growth on a year earlier

  • Growth on a year earlier 16.9%
Growth on a year earlier
QuarterGrowth on a year earlier
Jun 20238.2%
Sep 202320.8%
Mar 2024−15%
Jun 2024−19.3%
Sep 2024−25%
Dec 2024–
Mar 202510.5%
Jun 202516.4%
Sep 202533.6%
Dec 202518.5%
Mar 202614.6%
Jun 202616.9%
Top: revenue each quarter, $ M. Below: growth on the same quarter a year earlier, %. Last 12 quarters. A grey bar is lower than the quarter before.

Recent pace: the last four quarters grew +20.9% on average, against 5.4% a year over the longer run, so this year is growing faster than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +20.4%, against +6.3% a year over the last 8 quarters (accelerating).

How much of every $100 of sales does ThredUp keep?

ThredUp Inc.'s operating margin was −6.7% in the Jun 2026 quarter, 0.1 percentage points higher than the same quarter a year ago. Across 5 years it has been between −31.0% and −6.7%. The latest quarter is within that range.

Operating margin is what is left from every $100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why the margin moved: operating margin changed +0.1 percentage points on the year while gross margin changed +0.4 points. So the gain came mostly from the gross margin, which means input costs and prices charged.

FY25: −6.7%, within a range of −31.0% to −6.7% over 5 years

  • Operating margin −6.7%
FY25: −6.7%, within a range of −31.0% to −6.7% over 5 years
QuarterOperating margin
FY21−24.8%
FY22−31%
FY23−20.5%
FY24−15.6%
FY25−6.7%

Change on the year before (points)

  • Change on the year before (points) +8.9 pts
Change on the year before (points)
QuarterChange on the year before (points)
FY21–
FY22−6.2 pts
FY23+10.5 pts
FY24+4.9 pts
FY25+8.9 pts
Operating margin each year, % (top). Below: change on the year before, in percentage points. 5-year window.

Jun 2026: operating margin −6.7% (+0.1 points on a year earlier)

  • Operating margin −6.7%
Jun 2026: operating margin −6.7% (+0.1 points on a year earlier)
QuarterOperating margin
Jun 2023−22.6%
Sep 2023−22.2%
Mar 2024−19.2%
Jun 2024−14.4%
Sep 2024−17%
Dec 2024−12.1%
Mar 2025−7.6%
Jun 2025−6.8%
Sep 2025−5.3%
Dec 2025−7%
Mar 2026−8.1%
Jun 2026−6.7%

Change on a year earlier (points)

  • Change on a year earlier (points) +0.1 pts
Change on a year earlier (points)
QuarterChange on a year earlier (points)
Jun 2023+14.5 pts
Sep 2023+13.4 pts
Mar 2024+7.4 pts
Jun 2024+8.2 pts
Sep 2024+5.2 pts
Dec 2024–
Mar 2025+11.6 pts
Jun 2025+7.6 pts
Sep 2025+11.7 pts
Dec 2025+5.1 pts
Mar 2026−0.5 pts
Jun 2026+0.1 pts
Top: quarterly operating margin, %. Below: change on the same quarter a year earlier, in percentage points. Last 12 quarters. Operating profit as a share of revenue, each quarter.

Is ThredUp's profit turning into cash?

ThredUp Inc.'s cash-flow history is too short to judge how much of its profit turns into cash. In FY25 it brought in $10.7 M of operating cash against −$20.2 M of profit. After $10.5 M of spending on assets, $180 K was left over as free cash.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

FY25: operating cash $10.7 M against profit −$20.2 M

  • Operating cash $10.7 M
  • Net profit −$20.2 M
  • Free cash $0.2 M
FY25: operating cash $10.7 M against profit −$20.2 M
QuarterOperating cashNet profitFree cash
FY21−$35.0 M−$63.2 M−$54.8 M
FY22−$52.1 M−$92.3 M−$95.4 M
FY23−$22.6 M−$71.2 M−$35.7 M
FY24$0.9 M−$77.0 M−$5.7 M
FY25$10.7 M−$20.2 M$0.2 M
Operating cash flow and net profit each year, $ M. The line is free cash flow: operating cash minus spending on assets. 5-year window, yearly figures.

Jun 2026: operating cash $4.5 M

  • Operating cash (quarterly) $4.5 M
Jun 2026: operating cash $4.5 M
QuarterOperating cash (quarterly)
Jun 2023−$10.4 M
Sep 2023$0.2 M
Mar 2024$1.4 M
Jun 2024−$5.0 M
Sep 2024$3.3 M
Dec 2024$1.1 M
Mar 2025$5.7 M
Jun 2025$0.3 M
Sep 2025$6.0 M
Dec 2025−$1.5 M
Mar 2026$4.8 M
Jun 2026$4.5 M
Operating cash each quarter, $ M. Last 12 quarters.

What to look at next: the main use of cash is spending on assets. The next section checks what that spending is building.

Where does ThredUp's cash go?

ThredUp Inc. does not report the customer, stock and supplier day counts a cash cycle needs, so this section looks at its spending on assets instead. It spent $30.2 M on assets over the last 3 years. Averaged over those years that is 3.2% of FY25 revenue a year.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

Nothing is estimated in place of the missing day counts, so no cash-cycle chart is drawn.

Spending on assets: $30.2 M over the last 3 years.

FY25: capex $10.5 M, up from the year before

  • Capex $10.5 M
FY25: capex $10.5 M, up from the year before
QuarterCapex
FY21$19.8 M
FY22$43.3 M
FY23$13.1 M
FY24$6.6 M
FY25$10.5 M
Capital spending each year, $ M.

Jun 2026: capex $2.7 M in the quarter

  • Capex (quarterly) $2.7 M
Jun 2026: capex $2.7 M in the quarter
QuarterCapex (quarterly)
Jun 2023$6.6 M
Sep 2023$1.5 M
Mar 2024$1.1 M
Jun 2024$0.8 M
Sep 2024$2.1 M
Dec 2024$2.5 M
Mar 2025$1.8 M
Jun 2025$3.3 M
Sep 2025$3.7 M
Dec 2025$1.7 M
Mar 2026$4.1 M
Jun 2026$2.7 M

Free cash

  • Free cash $1.8 M
Free cash
QuarterFree cash
Jun 2023−$17.0 M
Sep 2023−$1.3 M
Mar 2024$0.3 M
Jun 2024−$5.8 M
Sep 2024$1.2 M
Dec 2024−$1.3 M
Mar 2025$3.9 M
Jun 2025−$2.9 M
Sep 2025$2.4 M
Dec 2025−$3.2 M
Mar 2026$0.6 M
Jun 2026$1.8 M
Top: capital spending each quarter, $ M. Below: free cash flow, $ M. Last 12 quarters.

In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns.

What is ThredUp's P/E ratio, and how does it compare with its own history?

ThredUp Inc. has no P/E right now, because its earnings are negative. The revenue and margin sections are where a turn would show first. Measured against sales instead, the market values ThredUp Inc. at 0.9× its FY25 revenue of $311 M. The P/E comes back here once profit turns positive.

P/E is the share price divided by a year's profit per share: how many dollars the market pays for each dollar of yearly profit.

—P/E · earnings negative
n/mPEG · cannot be worked out, because 3-year earnings growth is not available

Is the ThredUp business getting better or worse?

ThredUp Inc.'s business trend cannot be read yet. There are fewer than eight usable quarters of growth figures, so there is not enough history to read the trend. This is based on 12 quarters of 2 measures, with some gaps.

Every business is somewhere on a path of getting better or worse, and this section names where. The last 12 quarters of growth in revenue, profit and earnings per share, plus the return the business earns on its capital, are read as lines. Getting worse: the lines are falling. Turning around: a low point has just formed and the last few quarters are rising from it. Getting better: the rise from the low has lasted. Growing steadily: steady growth with healthy returns. Slowing from a peak: still high, but slowing. When the lines disagree the result is mixed; too little history means no reading. CAGR (compound annual growth rate) is the steady yearly rate that would turn the starting value into the latest one. It is the fairest way to compare growth over different periods. If the 1-year figure is much bigger than the 10-year one, recent growth is running faster than the long-run trend. A dash means there is no figure for that period, or the starting year was a loss, where a growth rate means nothing.

Growth year by year: revenue +19.5% in FY25

  • Revenue growth 19.5%
Growth year by year: revenue +19.5% in FY25
QuarterRevenue growth
FY21–
FY2214.5%
FY23−10.4%
FY240.6%
FY2519.5%
Growth on the year before, each year, %. Top: revenue. Zero line drawn.

Three growth lines over twelve quarters: revenue accelerating

  • Revenue 20.4%
Three growth lines over twelve quarters: revenue accelerating
QuarterRevenue
Jun 20234.4%
Sep 20237.6%
Mar 20245.8%
Jun 20241.5%
Sep 2024−7.7%
Dec 2024−16.6%
Mar 2025−12.6%
Jun 2025−6.2%
Sep 20258.6%
Dec 202519.5%
Mar 202620.4%
Jun 202620.4%
Growth on a year earlier, % at each quarter end. Top: revenue. Each is measured over the last 12 months. A gap means there is no reading for that quarter.

ROCE: the return line, worked out each quarter

  • ROCE −20.7%
ROCE: the return line, worked out each quarter
QuarterROCE
Jun 2023−36.1%
Sep 2023−35.7%
Mar 2024−36.1%
Jun 2024−32.4%
Sep 2024−30.4%
Dec 2024−27.9%
Mar 2025−24.6%
Jun 2025−21.9%
Sep 2025−18.9%
Dec 2025−19.3%
Mar 2026−20.3%
Jun 2026−20.7%
Operating profit over the last 12 months (before interest and tax) as a share of average capital employed (total assets minus current liabilities), %.
RisingRevenue growth · latest +20.4%, range −16.6% to +20.4%
Stuck lowROCE · latest −20.7%, range −36.1% to −18.9%

Why it matters: with too little history, we say so rather than guess a direction.

There are fewer than eight usable quarters, so this page does not guess a direction from so little history.

Compound annual growth rate (%)

Compound annual growth rate over each period, %. Revenue, profit and EPS come from yearly figures; the stock price row is price growth over the same periods. A dash means no figure for that period, or the starting year was a loss.

Compound annual growth rate (%)
Measure1yr3yr5yr10yr
Revenue+19.5%+2.5%——
Stock price−72.3%———
+16.9%Revenue growth (Jun 2026) · latest quarter against a year ago
5.4%Revenue, 4 years · yearly growth over the long run

How much does ThredUp earn on its capital?

ThredUp Inc. earned a ROE of −34% in FY25. That is up from a low of −137% in FY24. Its return on capital used (ROIC) is 27.4 percentage points below its cost of capital, so growth here does not yet pay for the capital it uses.

Return on equity (ROE) is the profit the business earns on its shareholders’ money. We do not have the full capital split, so ROE is the longest history we can draw here.

It comes from a −6.5% net margin and 1.86× asset turnover (sales divided by assets).

Why the return is what it is (FY25): a −6.5% net margin × 1.86× asset turnover × 2.83× leverage (assets divided by equity) ≈ −34.2% on equity. The margin does its share; borrowing is a big part of it.

The key test, return on capital used minus the cost of capital: −13.2% − 14.2% = −27.4 percentage points. The 14.2% is an estimate of this company's own cost of capital. Read the sign and size of the gap, not the decimals. Negative: growth at these returns loses value until returns improve.

FY25: ROE −34%, the climb back from FY24's −137%

  • ROE −34.1%
  • Cost of capital 14.2%
FY25: ROE −34%, the climb back from FY24's −137%
QuarterROECost of capital
FY21−30.7%14.2%
FY22−65.9%14.2%
FY23−68.6%14.2%
FY24−136.7%14.2%
FY25−34.1%14.2%
Return on equity each year, % (line). 5-year window, low years included. The flat line is the 14.2% cost of capital used on this page.

Jun 2026: ROE −43.7% (last 12 months)

  • ROE (12 months) −43.7%
Jun 2026: ROE −43.7% (last 12 months)
QuarterROE (12 months)
Jun 2023−58.4%
Sep 2023−59.6%
Dec 2023−62.9%
Jun 2024−49.4%
Sep 2024−41.7%
Dec 2024−53.2%
Mar 2025−51.3%
Jun 2025−37.1%
Sep 2025−35.6%
Dec 2025−28.5%
Mar 2026−37.7%
Jun 2026−43.7%
ROE over the last 12 months, each quarter, %. Last 12 quarters, lined up with the yearly figure.

Does ThredUp have too much debt?

ThredUp Inc. has total debt of $50.6 M against shareholder equity of $60.7 M as of Jun 2026, so its debt is 0.83× its equity. Year by year, that ratio went from 0.37 in FY21 to 0.88 in FY25. Keep that borrowing in mind when reading the returns on this page.

Debt-to-equity shows how much of the business is paid for with borrowed money. Lower is safer, and the direction matters as much as the level.

FY25: debt $52.1 M, 0.88× equity

  • Total debt $52.1 M
FY25: debt $52.1 M, 0.88× equity
QuarterTotal debt
FY21$76.3 M
FY22$84.8 M
FY23$62.3 M
FY24$58.8 M
FY25$52.1 M

Debt-to-equity

  • Debt-to-equity 0.88×
Debt-to-equity
QuarterDebt-to-equity
FY210.37×
FY220.61×
FY230.60×
FY241.05×
FY250.88×
Top: total debt each year, $ M. Below: debt-to-equity, ×. 5-year window.

Jun 2026: debt $50.6 M, debt-to-equity 0.83

  • Total debt (quarterly) $50.6 M
Jun 2026: debt $50.6 M, debt-to-equity 0.83
QuarterTotal debt (quarterly)
Sep 2023$78.4 M
Dec 2023$62.3 M
Mar 2024$80.2 M
Jun 2024$77.5 M
Sep 2024$75.6 M
Dec 2024$58.8 M
Mar 2025$56.8 M
Jun 2025$56.5 M
Sep 2025$54.3 M
Dec 2025$52.1 M
Mar 2026$52.2 M
Jun 2026$50.6 M

Debt-to-equity

  • Debt-to-equity 0.83×
Debt-to-equity
QuarterDebt-to-equity
Sep 20230.72×
Dec 20230.60×
Mar 20240.86×
Jun 20240.90×
Sep 20241.09×
Dec 20241.05×
Mar 20251.01×
Jun 20250.94×
Sep 20250.92×
Dec 20250.88×
Mar 20260.88×
Jun 20260.83×
Top: total debt each quarter, $ M. Below: debt-to-equity, ×. Last 12 quarters.

What is the ThredUp shareholding pattern?

14.2% of ThredUp Inc.'s tradable shares are in short positions, which are bets that the price will fall, so a large group of traders is betting against it. At normal trading volumes, closing those positions would take about 7.3 days. US companies do not publish a quarter-by-quarter list of owners, so this page uses short interest instead.

There is no quarter-by-quarter list of owners here, so we look at short interest: the share of tradable shares held in short positions, which gain if the price falls.

It is a single reading at one point in time; we do not have its history.

14.2%Short interest · of the tradable float
7.3Days to cover · at typical volumes

Why it is at this level: the figure does not say who has the short positions or why, so we show the level without guessing the story.

How far is ThredUp from balance-sheet trouble?

For ThredUp Inc., the Z-score is 1.29. A Z-score above about 3 is safe and below about 1.8 signals danger, so this is in the danger zone. It estimates how far the balance sheet is from trouble; it is not a forecast of failure.

The Z-score estimates how far a company is from balance-sheet trouble. Above about 3 is safe; below about 1.8 is the danger zone. It was built for manufacturers, so it is not used for banks and lenders.

Why it matters: a Z-score of 1.29 is inside the danger zone, so the balance sheet is a real risk.

How does ThredUp rank in its industry?

35.4 out of 100, rank 13 of 16 in Internet Retail, with 61% of the evidence available.

ThredUp Inc. scores 35.4 out of 100 against the 16 companies it is compared with in Internet Retail, ranking 13. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.

The four parts add up to the total exactly: 19 + 3.8 + 10 + 2.6 = 35.4. This is the same number shown on the industry page; it is worked out once for the whole group and read here.

What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector.

Which companies is ThredUp compared with?

ThredUp ranks 13 of 16 Internet Retail companies on the 4-Factor Sector Score, with 35.4 out of 100.

  1. 1Maplebear Inc.CART · turning · Most evidence points up · 81% evidence67.8out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 17.6/35 · Revenue 12.6% · Profit -1.7% · Operating margin change 0.6 points · 83% evidenceCapital efficiency 18.6/25 · ROCE 23.1% · Operating margin 14.1% · 76% evidenceValuation 12.5/20 · P/E 23.6× · PEG 1.16 · 65% evidenceRelative strength 19.1/20 · Lead over its industry 39.4% · Lead over S&P 500 27.8% · 1 year 61.1% · 100% evidence · 8 of 12 weeks aheadExact sum: 17.6 + 18.6 + 12.5 + 19.1 = 67.8 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.
  2. 2Etsy, Inc.ETSY · turning · Most evidence points up · 81% evidence67.7out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 22.1/35 · Revenue 3.8% · Profit 28.1% · Operating margin change 3.7 points · 83% evidenceCapital efficiency 20.3/25 · ROCE 39.1% · Operating margin 18.7% · 76% evidenceValuation 6.3/20 · P/E 16.9× · PEG 3.68 · 65% evidenceRelative strength 19.0/20 · Lead over its industry 48% · Lead over S&P 500 36.7% · 1 year 62.9% · 100% evidence · 5 of 12 weeks aheadExact sum: 22.1 + 20.3 + 6.3 + 19 = 67.7 · What this means: A strong business with a high valuation: it would need rising earnings, or a lower multiple, to score better on value.
  3. 3Wayfair Inc.W · breaking out · Most evidence points up · 64% evidence65.5out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 20.6/35 · Revenue 7.5% · Profit — · Operating margin change 2.2 points · 62% evidenceCapital efficiency 15.1/25 · ROCE 32.3% · Operating margin 3% · 76% evidenceValuation 11.5/20 · P/E -21.9× · PEG — · 15% evidenceRelative strength 18.3/20 · Lead over its industry 38.9% · Lead over S&P 500 26.2% · 1 year 15.6% · 100% evidence · 10 of 12 weeks aheadExact sum: 20.6 + 15.1 + 11.5 + 18.3 = 65.5 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.
  4. 4Global-E Online Ltd.GLBE · turning · Evidence leans up · 64% evidence62.8out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 24.6/35 · Revenue 31.4% · Profit — · Operating margin change 10 points · 62% evidenceCapital efficiency 13.2/25 · ROCE 17.1% · Operating margin 14.9% · 76% evidenceValuation 9.2/20 · P/E 38× · PEG — · 15% evidenceRelative strength 15.8/20 · Lead over its industry 27% · Lead over S&P 500 15.7% · 1 year 23.3% · 100% evidence · 7 of 12 weeks aheadExact sum: 24.6 + 13.2 + 9.2 + 15.8 = 62.8 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.
  5. 5Amazon.com, Inc.AMZN · quiet · Evidence leans up · 85% evidence61.6out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 22.3/35 · Revenue 15.3% · Profit 76.2% · Operating margin change 2.8 points · 95% evidenceCapital efficiency 11.8/25 · ROCE 10.3% · Operating margin 13.9% · 76% evidenceValuation 16.0/20 · P/E 19.9× · PEG 0.68 · 65% evidenceRelative strength 11.5/20 · Lead over its industry 13.1% · Lead over S&P 500 3.6% · 1 year 8.9% · 100% evidence · 0 of 12 weeks aheadExact sum: 22.3 + 11.8 + 16 + 11.5 = 61.6 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.
  6. 6Liquidity Services, Inc.LQDT · leader · Evidence leans up · 81% evidence60.2out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 19.1/35 · Revenue 5.4% · Profit 26.9% · Operating margin change 1.8 points · 83% evidenceCapital efficiency 16.1/25 · ROCE 17.7% · Operating margin 10.8% · 76% evidenceValuation 9.5/20 · P/E 36.7× · PEG 1.6 · 65% evidenceRelative strength 15.5/20 · Lead over its industry 33% · Lead over S&P 500 22.8% · 1 year 106.3% · 100% evidence · 12 of 12 weeks aheadExact sum: 19.1 + 16.1 + 9.5 + 15.5 = 60.2 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.
  7. 7eBay Inc.EBAY · turning · Evidence leans up · 81% evidence59.7out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 18.5/35 · Revenue 14.7% · Profit 2.1% · Operating margin change 2 points · 83% evidenceCapital efficiency 19.0/25 · ROCE 21.6% · Operating margin 21.6% · 76% evidenceValuation 6.3/20 · P/E 22.3× · PEG 3.14 · 65% evidenceRelative strength 15.9/20 · Lead over its industry 26.5% · Lead over S&P 500 16.6% · 1 year 49.4% · 100% evidence · 3 of 12 weeks aheadExact sum: 18.5 + 19 + 6.3 + 15.9 = 59.7 · What this means: A strong business with a high valuation: it would need rising earnings, or a lower multiple, to score better on value.
  8. 8Chewy, Inc.CHWY · turning · Evidence leans up · 85% evidence56.1out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 21.8/35 · Revenue 5.9% · Profit 81.5% · Operating margin change 0.3 points · 95% evidenceCapital efficiency 15.5/25 · ROCE 20.7% · Operating margin 2.5% · 76% evidenceValuation 9.3/20 · P/E 33.8× · PEG 1.65 · 65% evidenceRelative strength 9.5/20 · Lead over its industry -3% · Lead over S&P 500 -13.2% · 1 year -30.6% · 100% evidence · 3 of 12 weeks aheadExact sum: 21.8 + 15.5 + 9.3 + 9.5 = 56.1 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.
  9. 9Revolve Group, Inc.RVLV · quiet · Evidence leans up · 81% evidence50.3out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 20.2/35 · Revenue 10.7% · Profit 62.2% · Operating margin change 0.2 points · 83% evidenceCapital efficiency 13.3/25 · ROCE 14.6% · Operating margin 6.4% · 76% evidenceValuation 14.4/20 · P/E 22.5× · PEG 0.94 · 65% evidenceRelative strength 2.4/20 · Lead over its industry -13.7% · Lead over S&P 500 -22.1% · 1 year -6.6% · 100% evidence · 3 of 12 weeks aheadExact sum: 20.2 + 13.3 + 14.4 + 2.4 = 50.3 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.
  10. 10MercadoLibre, Inc.MELI · quiet · Evidence leans down · 81% evidence47.9out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 12.4/35 · Revenue 46% · Profit -9.3% · Operating margin change -5.5 points · 83% evidenceCapital efficiency 16.0/25 · ROCE 19.4% · Operating margin 6.7% · 76% evidenceValuation 10.2/20 · P/E 46.2× · PEG 1.28 · 65% evidenceRelative strength 9.3/20 · Lead over its industry -2.1% · Lead over S&P 500 -11.3% · 1 year -17.1% · 100% evidence · 5 of 12 weeks aheadExact sum: 12.4 + 16 + 10.2 + 9.3 = 47.9 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.
  11. 11Sea LimitedSE · quiet · Evidence leans down · 81% evidence47.3out of 100GrowthCapitalValuationRelative
  12. 12DoorDash, Inc.DASH · quiet · Evidence leans down · 71% evidence42.3out of 100GrowthCapitalValuationRelative
  13. 13ThredUp Inc. this pageTDUP · basing · Evidence leans down · 61% evidence35.4out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 19.0/35 · Revenue 20.5% · Profit — · Operating margin change 0.1 points · 62% evidenceCapital efficiency 3.8/25 · ROCE -20.9% · Operating margin -6.7% · 76% evidenceValuation 10.0/20 · P/E — · PEG — · 0% evidenceRelative strength 2.6/20 · Lead over its industry -50.6% · Lead over S&P 500 -56.1% · 1 year -72.3% · 100% evidence · 0 of 12 weeks aheadExact sum: 19 + 3.8 + 10 + 2.6 = 35.4 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.
  14. 14Jumia Technologies AGJMIA · basing · Most evidence points down · 61% evidence34.3out of 100GrowthCapitalValuationRelative
  15. 15Newegg Commerce, Inc.NEGG · quiet · Most evidence points down · 64% evidence33.8out of 100GrowthCapitalValuationRelative
  16. 16Coupang, Inc.CPNG · turning · Most evidence points down · 71% evidence29.7out of 100GrowthCapitalValuationRelative

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led S&P 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led S&P 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read.

The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section.

Related companies: Internet Retail, all 16 compared on one page.

Which companies are close to ThredUp in size?

ThredUp is the 21st largest of 24 Internet Retail companies on Sector Alpha by market value (scores of 4 November 2026). Just above it: D-Market Elektronik Hizmetler ve Ticaret A.S., ATRenew Inc. and Jumia Technologies AG. Just below it: ZKH Group, Newegg Commerce, Inc. and Baozun Inc.

Internet Retail companies close in size

  1. D-Market Elektronik Hizmetler ve Ticaret A.S. $1.2 billion
  2. ATRenew Inc. $950 million
  3. Jumia Technologies AG $676 million
  4. ThredUp Inc. $288 million
  5. ZKH Group Limited $213 million
  6. Newegg Commerce, Inc. $207 million
  7. Baozun Inc. $201 million

All 24 Internet Retail companies, largest first

Companies close in size in other industries

  1. Electrovaya Inc. $263 million · Electrical Equipment & Parts
  2. Xperi Inc. $263 million · Software - Application
  3. ThredUp Inc. $263 million
  4. SmartRent, Inc. $263 million · Software - Application
  5. Arqit Quantum Inc. $261 million · Software - Infrastructure

What else do people ask about ThredUp?

What were ThredUp's latest quarterly results?

ThredUp Inc. reported revenue of $90.8 M and a net loss of $5.9 M for the Jun 2026 quarter. Earnings per share were −$0.05. The operating margin was −6.7%, 0.1 percentage points higher than a year earlier (as of 4 November 2026).

What is ThredUp's market cap?

ThredUp Inc.'s market capitalisation is $288 M at a stock price of $2.19. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 4 November 2026).

How is ThredUp performing?

ThredUp Inc.'s latest readings are below. Over the past 13 weeks it has done worse than the S&P 500, for 14 weeks running. This describes what the data did, not a rating (as of 4 November 2026).

Will ThredUp's stock price go up?

This page does not forecast ThredUp Inc.'s stock price. What it shows instead: the stock price is $2.19. Nobody can reliably say which way a price will move, and this site does not try (as of 4 November 2026).

Does ThredUp have too much debt?

ThredUp Inc. has a moderate amount of debt: its debt is 0.81× its equity. A year-by-year history of its borrowings is not in our data, so this uses the latest reading. Keep that borrowing in mind when reading the returns on this page (as of 4 November 2026).

Where is ThredUp in its business cycle?

ThredUp Inc.'s FY25 operating margin was −6.7%, against a 5-year range of −31.0% to −6.7%: the middle of its own range, neither a peak nor a low. The latest quarter was −6.7%.

Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 4 November 2026).

What could break the ThredUp story?

Biggest thing to watch: the price is not yet in a clear uptrend, so timing is the risk more than the business.

On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 4 November 2026).

Is ThredUp a stock worth studying right now?

What the numbers show: ThredUp Inc.'s share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. The main open question: the next one or two quarters of results.

Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 4 November 2026).

Where do these numbers come from?

Sector Alpha, written by code from the published numbers. Data as of 4 November 2026.

Every chart on this page is drawn by code from the published figures, with no forecasts and no price opinions.

See the plain-text version of this page.

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