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THREDUP INC - CLASS A (TDUP) Stock Fundamental Analysis

NASDAQ:TDUP - Nasdaq - US88556E1029 - Common Stock - Currency: USD

8.41  +0.4 (+4.99%)

After market: 8.47 +0.06 (+0.71%)

Fundamental Rating

2

Overall TDUP gets a fundamental rating of 2 out of 10. We evaluated TDUP against 121 industry peers in the Specialty Retail industry. TDUP has a bad profitability rating. Also its financial health evaluation is rather negative. TDUP has a expensive valuation and it also scores bad on growth.


Dividend Valuation Growth Profitability Health

2

1. Profitability

1.1 Basic Checks

TDUP had negative earnings in the past year.
TDUP had a positive operating cash flow in the past year.
TDUP had negative earnings in each of the past 5 years.
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's Return On Assets of -38.06% is on the low side compared to the rest of the industry. TDUP is outperformed by 93.39% of its industry peers.
The Return On Equity of TDUP (-117.05%) is worse than 76.03% of its industry peers.
Industry RankSector Rank
ROA -38.06%
ROE -117.05%
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

With an excellent Gross Margin value of 82.69%, TDUP belongs to the best of the industry, outperforming 97.52% of the companies in the same industry.
TDUP's Gross Margin has improved in the last couple of years.
The Profit Margin and Operating Margin are not available for TDUP so they could not be analyzed.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM 82.69%
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

1

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.
TDUP has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, TDUP has a worse debt to assets ratio.
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

TDUP has an Altman-Z score of 1.43. This is a bad value and indicates that TDUP is not financially healthy and even has some risk of bankruptcy.
TDUP has a worse Altman-Z score (1.43) than 66.12% of its industry peers.
A Debt/Equity ratio of 0.31 indicates that TDUP is not too dependend on debt financing.
TDUP has a Debt to Equity ratio (0.31) which is in line with its industry peers.
Industry RankSector Rank
Debt/Equity 0.31
Debt/FCF N/A
Altman-Z 1.43
ROIC/WACCN/A
WACC9.63%
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 0.92. This is a bad value and indicates that TDUP is not financially healthy enough and could expect problems in meeting its short term obligations.
TDUP has a Current ratio of 0.92. This is in the lower half of the industry: TDUP underperforms 77.69% of its industry peers.
A Quick Ratio of 0.92 indicates that TDUP may have some problems paying its short term obligations.
TDUP's Quick ratio of 0.92 is fine compared to the rest of the industry. TDUP outperforms 74.38% of its industry peers.
Industry RankSector Rank
Current Ratio 0.92
Quick Ratio 0.92
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

3

3. Growth

3.1 Past

The Earnings Per Share has grown by an impressive 23.44% over the past year.
The Revenue for TDUP has decreased by -22.71% in the past year. This is quite bad
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)23.44%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%73.33%
Revenue 1Y (TTM)-22.71%
Revenue growth 3Y1.08%
Revenue growth 5Y9.68%
Sales Q2Q%-10.42%

3.2 Future

The Earnings Per Share is expected to grow by 18.81% on average over the next years. This is quite good.
TDUP is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 5.63% yearly.
EPS Next Y61.24%
EPS Next 2Y28.97%
EPS Next 3Y18.81%
EPS Next 5YN/A
Revenue Next Year-2.34%
Revenue Next 2Y2.73%
Revenue Next 3Y4.29%
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

0

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

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
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

TDUP's earnings are expected to grow with 18.81% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y28.97%
EPS Next 3Y18.81%

0

5. Dividend

5.1 Amount

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

THREDUP INC - CLASS A

NASDAQ:TDUP (6/18/2025, 8:00:00 PM)

After market: 8.47 +0.06 (+0.71%)

8.41

+0.4 (+4.99%)

Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Discretionary Distribution & Retail
GICS IndustrySpecialty Retail
Earnings (Last)05-05 2025-05-05/amc
Earnings (Next)08-04 2025-08-04
Inst Owners60.75%
Inst Owner Change14.65%
Ins Owners5.25%
Ins Owner Change13.74%
Market Cap994.48M
Analysts82
Price Target7.4 (-12.01%)
Short Float %3.58%
Short Ratio1.29
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)1
Avg EPS beat(2)-19.84%
Min EPS beat(2)-80.27%
Max EPS beat(2)40.58%
EPS beat(4)2
Avg EPS beat(4)-11.15%
Min EPS beat(4)-80.27%
Max EPS beat(4)40.58%
EPS beat(8)3
Avg EPS beat(8)-4.9%
EPS beat(12)5
Avg EPS beat(12)-4.09%
EPS beat(16)7
Avg EPS beat(16)-2.56%
Revenue beat(2)1
Avg Revenue beat(2)0.45%
Min Revenue beat(2)-1.6%
Max Revenue beat(2)2.5%
Revenue beat(4)2
Avg Revenue beat(4)-0.54%
Min Revenue beat(4)-5.2%
Max Revenue beat(4)2.5%
Revenue beat(8)3
Avg Revenue beat(8)-1.07%
Revenue beat(12)6
Avg Revenue beat(12)0.53%
Revenue beat(16)9
Avg Revenue beat(16)0.86%
PT rev (1m)7.41%
PT rev (3m)141.67%
EPS NQ rev (1m)14.29%
EPS NQ rev (3m)43.53%
EPS NY rev (1m)0%
EPS NY rev (3m)36.08%
Revenue NQ rev (1m)0.49%
Revenue NQ rev (3m)9.3%
Revenue NY rev (1m)0%
Revenue NY rev (3m)5.28%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 3.95
P/FCF N/A
P/OCF 189.5
P/B 17.73
P/tB 21.94
EV/EBITDA N/A
EPS(TTM)-0.49
EYN/A
EPS(NY)-0.2
Fwd EYN/A
FCF(TTM)-0.01
FCFYN/A
OCF(TTM)0.04
OCFY0.53%
SpS2.13
BVpS0.47
TBVpS0.38
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -38.06%
ROE -117.05%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 82.69%
FCFM 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
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 Turnover1.46
Health
Industry RankSector Rank
Debt/Equity 0.31
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr 43.56%
Cap/Sales 2.69%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 0.92
Quick Ratio 0.92
Altman-Z 1.43
F-Score4
WACC9.63%
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)23.44%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%73.33%
EPS Next Y61.24%
EPS Next 2Y28.97%
EPS Next 3Y18.81%
EPS Next 5YN/A
Revenue 1Y (TTM)-22.71%
Revenue growth 3Y1.08%
Revenue growth 5Y9.68%
Sales Q2Q%-10.42%
Revenue Next Year-2.34%
Revenue Next 2Y2.73%
Revenue Next 3Y4.29%
Revenue Next 5Y5.63%
EBIT growth 1Y57.08%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year115.04%
EBIT Next 3Y32.68%
EBIT Next 5Y26.1%
FCF growth 1Y98.22%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y110.52%
OCF growth 3YN/A
OCF growth 5YN/A