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TDUP · Nasdaq · United States · Retail-Catalog & Mail-Order Houses
In shortThredUp Inc. is loss-making, generates cash and holds more cash than debt, with revenue growing (+19.5% last year).
Financial health
Weak
Built from five areas over the last five annual reports. Tap an area to see the figures behind it.
| Operating marginShare of each sale left after running the business, before interest and tax. | -7.0% | 0/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | -6.5% | 0/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | -35.0% | 0/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | -22.2% | 0/100 |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 0.91× | 9/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | 0.31× | 94/100 |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | Net cash | 100/100 |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | -11.33× | 0/100 |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | -11.75 | 0/100 |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | 0.1% | 20/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | – | n/a |
| Years with positive free cash flow (last 5) | 1 of 5 | 0/100 |
Weight in the score: 20%
| Profitable years (last 5) | 0 of 5 | 0/100 |
|---|---|---|
| Years of revenue decline (last 5) | 1 of 5 | 67/100 |
| Revenue growth volatility | 17.6% | 46/100 |
| Operating margin volatility | 9.1% | 26/100 |
Weight in the score: 20%
| Revenue growth, 3-year average | 2.5% | 31/100 |
|---|---|---|
| EPS growth, 3-year average | – | n/a |
Weight in the score: 10%
Fiscal year 2025 · change vs prior year
Annual figures as reported. Hover a bar or point for the exact value.
2 older years available with the 10-year history. Essential plan, from €8.25/month →
The last 5 fiscal years from the company's annual reports.
USD millions; negative values in parentheses.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | 252 | 288 | 259 | 260 | 311 |
| Cost of revenue | 74 | 96 | 60 | 53 | 64 |
| Gross profit | 178 | 192 | 198 | 207 | 247 |
| Research & development | 29 | 38 | 33 | 31 | 32 |
| Selling, general & admin | 49 | 62 | 57 | 57 | 57 |
| Operating income | (62) | (89) | (53) | (41) | (22) |
| Interest expense | 2.3 | 0.8 | 2.2 | 2.5 | 1.9 |
| Pre-tax income | (63) | (92) | (52) | (40) | (20) |
| Income tax | 0.1 | 0 | 0 | 0 | 0.1 |
| Net income | (63) | (92) | (71) | (77) | (20) |
| Diluted EPS | −$0.82 | −$0.92 | −$0.68 | −$0.69 | −$0.17 |
| Diluted shares (millions) | 77 | 100 | 105 | 112 | 122 |
2 older years available with the 10-year history. Essential plan, from €8.25/month →
The last 8 reported quarters (10-Q and 10-K filings), in USD millions. The fourth quarter is derived from the annual report.
The last 8 quarters of ThredUp Inc. are included in the Investor plan. Try free for 7 days →
−11.75 Distress zone
Estimates bankruptcy risk from working capital, retained earnings, operating profit and equity. Above 2.6 is considered safe, below 1.1 signals distress.
5/9
Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.
All figures: SEC EDGAR. Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works
Latest annual report: Jun 30, 2026 · Data updated Aug 5, 2026