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THREDUP INC - CLASS A (TDUP) Stock Fundamental Analysis

NASDAQ:TDUP - US88556E1029 - Common Stock

11.555 USD
+0.39 (+3.54%)
Last: 8/22/2025, 12:33:08 PM
Fundamental Rating

2

Taking everything into account, TDUP scores 2 out of 10 in our fundamental rating. TDUP was compared to 124 industry peers in the Specialty Retail industry. Both the profitability and financial health of TDUP have multiple concerns. TDUP is valied quite expensively at the moment, while it does show a decent growth rate.


Dividend Valuation Growth Profitability Health

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2

1. Profitability

1.1 Basic Checks

TDUP had negative earnings in the past year.
In the past year TDUP had a positive cash flow from operations.
In the past 5 years TDUP always reported negative net income.
In the past 5 years TDUP reported 4 times negative operating cash flow.
TDUP Yearly Net Income VS EBIT VS OCF VS FCFTDUP Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2018 2019 2020 2021 2022 2023 2024 0 -20M -40M -60M -80M

1.2 Ratios

TDUP has a Return On Assets of -32.76%. This is amonst the worse of the industry: TDUP underperforms 90.32% of its industry peers.
TDUP has a worse Return On Equity (-94.46%) than 74.19% of its industry peers.
Industry RankSector Rank
ROA -32.76%
ROE -94.46%
ROIC N/A
ROA(3y)-34.68%
ROA(5y)-30.99%
ROE(3y)-90.41%
ROE(5y)-98.7%
ROIC(3y)N/A
ROIC(5y)N/A
TDUP Yearly ROA, ROE, ROICTDUP Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2018 2019 2020 2021 2022 2023 2024 -100 -200 -300

1.3 Margins

TDUP has a Gross Margin of 85.64%. This is amongst the best in the industry. TDUP outperforms 97.58% of its industry peers.
In the last couple of years the Gross Margin of TDUP has grown nicely.
TDUP does not have Profit Margin and Operating Margin available, so we won't be analyzing them here.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM 85.64%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y4.04%
GM growth 5Y3.01%
TDUP Yearly Profit, Operating, Gross MarginsTDUP Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2018 2019 2020 2021 2022 2023 2024 0 20 -20 40 60

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3

2. Health

2.1 Basic Checks

TDUP does not have a ROIC to compare to the WACC, probably because it is not profitable.
The number of shares outstanding for TDUP has been increased compared to 1 year ago.
The number of shares outstanding for TDUP has been increased compared to 5 years ago.
TDUP has a worse debt/assets ratio than last year.
TDUP Yearly Shares OutstandingTDUP Yearly Shares OutstandingYearly Shares Outstanding 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M 80M 100M
TDUP Yearly Total Debt VS Total AssetsTDUP Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M

2.2 Solvency

An Altman-Z score of 3.74 indicates that TDUP is not in any danger for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 3.74, TDUP belongs to the top of the industry, outperforming 80.65% of the companies in the same industry.
The Debt to FCF ratio of TDUP is 11.98, which is on the high side as it means it would take TDUP, 11.98 years of fcf income to pay off all of its debts.
TDUP has a Debt to FCF ratio of 11.98. This is comparable to the rest of the industry: TDUP outperforms 51.61% of its industry peers.
TDUP has a Debt/Equity ratio of 0.27. This is a healthy value indicating a solid balance between debt and equity.
TDUP has a Debt to Equity ratio of 0.27. This is in the better half of the industry: TDUP outperforms 60.48% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.27
Debt/FCF 11.98
Altman-Z 3.74
ROIC/WACCN/A
WACC9.44%
TDUP Yearly LT Debt VS Equity VS FCFTDUP Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2018 2019 2020 2021 2022 2023 2024 0 100M 200M

2.3 Liquidity

TDUP has a Current Ratio of 0.96. This is a bad value and indicates that TDUP is not financially healthy enough and could expect problems in meeting its short term obligations.
The Current ratio of TDUP (0.96) is worse than 75.00% of its industry peers.
A Quick Ratio of 0.96 indicates that TDUP may have some problems paying its short term obligations.
TDUP has a Quick ratio of 0.96. This is in the better half of the industry: TDUP outperforms 76.61% of its industry peers.
Industry RankSector Rank
Current Ratio 0.96
Quick Ratio 0.96
TDUP Yearly Current Assets VS Current LiabilitesTDUP Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M 200M

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4

3. Growth

3.1 Past

The Earnings Per Share has grown by an impressive 32.20% over the past year.
TDUP shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -22.66%.
TDUP shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 9.68% yearly.
EPS 1Y (TTM)32.2%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%69.23%
Revenue 1Y (TTM)-22.66%
Revenue growth 3Y1.08%
Revenue growth 5Y9.68%
Sales Q2Q%-2.63%

3.2 Future

Based on estimates for the next years, TDUP will show a very strong growth in Earnings Per Share. The EPS will grow by 20.52% on average per year.
TDUP is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 5.63% yearly.
EPS Next Y68.04%
EPS Next 2Y30.68%
EPS Next 3Y20.52%
EPS Next 5YN/A
Revenue Next Year-0.15%
Revenue Next 2Y4.07%
Revenue Next 3Y5.94%
Revenue Next 5Y5.63%

3.3 Evolution

The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
TDUP Yearly Revenue VS EstimatesTDUP Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 100M 200M 300M
TDUP Yearly EPS VS EstimatesTDUP Yearly EPS VS EstimatesYearly EPS VS Estimates 2021 2022 2023 2024 2025 2026 2027 -0.2 -0.4 -0.6 -0.8

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1

4. Valuation

4.1 Price/Earnings Ratio

TDUP reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
Besides the negative Price/Earnings Ratio, also the Forward Price/Earnings Ratio is negative for TDUP. No positive earnings are expected for the next year.
Industry RankSector Rank
PE N/A
Fwd PE N/A
TDUP Price Earnings VS Forward Price EarningsTDUP Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 20 -20 40 -40 60 -60

4.2 Price Multiples

TDUP's Price/Free Cash Flow is on the same level as the industry average.
Industry RankSector Rank
P/FCF 849.11
EV/EBITDA N/A
TDUP Per share dataTDUP EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 0.5 1 1.5 2

4.3 Compensation for Growth

A more expensive valuation may be justified as TDUP's earnings are expected to grow with 20.52% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y30.68%
EPS Next 3Y20.52%

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0

5. Dividend

5.1 Amount

TDUP does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

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THREDUP INC - CLASS A

NASDAQ:TDUP (8/22/2025, 12:33:08 PM)

11.555

+0.39 (+3.54%)

Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Discretionary Distribution & Retail
GICS IndustrySpecialty Retail
Earnings (Last)08-04 2025-08-04/amc
Earnings (Next)11-03 2025-11-03
Inst Owners62.62%
Inst Owner Change29.93%
Ins Owners5.25%
Ins Owner Change2.34%
Market Cap1.42B
Analysts81.82
Price Target10.54 (-8.78%)
Short Float %8.74%
Short Ratio3.52
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)26.72%
Min EPS beat(2)12.85%
Max EPS beat(2)40.58%
EPS beat(4)3
Avg EPS beat(4)-3.43%
Min EPS beat(4)-80.27%
Max EPS beat(4)40.58%
EPS beat(8)3
Avg EPS beat(8)-6.24%
EPS beat(12)6
Avg EPS beat(12)-0.5%
EPS beat(16)7
Avg EPS beat(16)-2.26%
Revenue beat(2)2
Avg Revenue beat(2)2.8%
Min Revenue beat(2)2.5%
Max Revenue beat(2)3.09%
Revenue beat(4)3
Avg Revenue beat(4)1.53%
Min Revenue beat(4)-1.6%
Max Revenue beat(4)3.09%
Revenue beat(8)3
Avg Revenue beat(8)-0.69%
Revenue beat(12)7
Avg Revenue beat(12)0.89%
Revenue beat(16)9
Avg Revenue beat(16)0.74%
PT rev (1m)42.53%
PT rev (3m)53.09%
EPS NQ rev (1m)20.45%
EPS NQ rev (3m)61.11%
EPS NY rev (1m)0%
EPS NY rev (3m)24.19%
Revenue NQ rev (1m)10.16%
Revenue NQ rev (3m)20.06%
Revenue NY rev (1m)0.95%
Revenue NY rev (3m)1.66%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 5.7
P/FCF 849.11
P/OCF 134.71
P/B 23.64
P/tB 28.77
EV/EBITDA N/A
EPS(TTM)-0.4
EYN/A
EPS(NY)-0.18
Fwd EYN/A
FCF(TTM)0.01
FCFY0.12%
OCF(TTM)0.09
OCFY0.74%
SpS2.03
BVpS0.49
TBVpS0.4
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -32.76%
ROE -94.46%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 85.64%
FCFM 0.67%
ROA(3y)-34.68%
ROA(5y)-30.99%
ROE(3y)-90.41%
ROE(5y)-98.7%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y4.04%
GM growth 5Y3.01%
F-Score4
Asset Turnover1.44
Health
Industry RankSector Rank
Debt/Equity 0.27
Debt/FCF 11.98
Debt/EBITDA N/A
Cap/Depr 64.1%
Cap/Sales 3.56%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 0.96
Quick Ratio 0.96
Altman-Z 3.74
F-Score4
WACC9.44%
ROIC/WACCN/A
Cap/Depr(3y)146.13%
Cap/Depr(5y)200.58%
Cap/Sales(3y)7.53%
Cap/Sales(5y)8.18%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)32.2%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%69.23%
EPS Next Y68.04%
EPS Next 2Y30.68%
EPS Next 3Y20.52%
EPS Next 5YN/A
Revenue 1Y (TTM)-22.66%
Revenue growth 3Y1.08%
Revenue growth 5Y9.68%
Sales Q2Q%-2.63%
Revenue Next Year-0.15%
Revenue Next 2Y4.07%
Revenue Next 3Y5.94%
Revenue Next 5Y5.63%
EBIT growth 1Y68.26%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year117.47%
EBIT Next 3Y34.33%
EBIT Next 5Y26.1%
FCF growth 1Y102.39%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y125.09%
OCF growth 3YN/A
OCF growth 5YN/A