ThredUp (TDUP) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

ThredUp

NasdaqGS•Consumer Cyclical•Internet Retail

$2.72+0.05(0.02%)Market closed

Market Cap

$314.25M

P/S

0.9x

P/B

5.2x

ThredUp Inc., together with its subsidiaries, operates an online resale platform in the United States. The company's platform enables consumers to buy and sell primarily secondhand apparel, shoes, and accessories. ThredUp Inc. was incorporated in 2009 and is headquartered in Oakland, California.

How this company scores

AverageMetricSide Score: 59/100

Strongest: Growth (19/25); weakest: Cash & Earnings Quality (6/25).

Profitability15/25

Growth19/25

Balance Sheet & Red Flags19/25

Cash & Earnings Quality6/25

Strengths

Growing revenueLow leverageProfit converts from growthNet cash position

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/S · 0.9x5y range 0.3x – 4.6x

Currently near its 19-quarter median.

P/B · 5.2x5y range 0.9x – 20.0x

Currently above its 20-quarter median.

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

Operating margins dropped 525.6% over recent quarters — a sharp decline suggesting serious cost or pricing challenges.

Earnings Quality

Red Flag

FCF consistently trails net income (avg -0.1x) — earnings may be inflated by non-cash items or aggressive accounting.

Price & Volume

Market Cap $314.25M

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $334.30M
Q. Revenue: $90.77M
TTM EBITDA: $-9.77M
TTM Op. Income: $-23.77M
Q. Op. Income: $-6.11M
TTM Net Income: $-22.23M
Q. Net Income: $-5.93M
EPS: $-0.05
Shares Out.: $129.85M

$334.30M in TTM revenue grew 33.9% YoY, reaching $90.77M last quarter. TTM EBITDA of $-9.77M and TTM operating income of $-23.77M show growth is flowing through to the bottom line. However, net income is negative at $22.23M — growth is not yet reaching the bottom line. Across the last 8 quarters, TTM revenue has risen for 4 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 79.9%
EBITDA Margin: -2.2%
Op. Margin: -6.7%
Net Margin: -6.5%

Op. margin of -6.7% is up 0.0% YoY — cost efficiency is improving. Net margin at -6.5% and gross margin of 79.9% show how much of each revenue dollar survives to profit. Across the last 8 quarters, operating margin has risen for 2 consecutive quarters — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: N/A
P/S Ratio: 0.9x
P/B Ratio: 5.2x

P/S of 0.9x and P/B of 5.2x. P/S is low relative to typical market levels.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $170.14M
Cash: $42.17M
Long-Term Debt: $17.72M
Book Value: $60.75M
D/E Ratio: 0.3
Debt/EBITDA: N/A

With $170.14M in assets and $17.72M in long-term debt, D/E is 0.3and book value is $60.75M — a conservative capital structure with a cushion to weather downturns. Over the past year, debt/equity is up 8% — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $4.45M
TTM Free Cash Flow: $1.61M
FCF Margin: 0.5%
FCF / Net Income: -0.1

TTM FCF of $1.61M on $4.45M in operating cash flow. The FCF / Net Income ratio of -0.1x means the business consumes cash — it is not yet self-funding. Over the past year, free cash flow is down 72% — an improving trend.