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ThredUp Inc (TDUP)



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Upturn Advisory Summary
08/28/2025: TDUP (2-star) has a low Upturn Star Rating. Not recommended to BUY.
1 Year Target Price $13
1 Year Target Price $13
3 | Strong Buy |
0 | Buy |
1 | Hold |
0 | Sell |
0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 38.72% | Avg. Invested days 38 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Small-Cap Stock | Market Capitalization 1.42B USD | Price to earnings Ratio - | 1Y Target Price 13 |
Price to earnings Ratio - | 1Y Target Price 13 | ||
Volume (30-day avg) 4 | Beta 1.74 | 52 Weeks Range 0.50 - 12.28 | Updated Date 08/29/2025 |
52 Weeks Range 0.50 - 12.28 | Updated Date 08/29/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) -0.24 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date 2025-08-04 | When - | Estimate -0.05 | Actual -0.04 |
Profitability
Profit Margin -20.48% | Operating Margin (TTM) -6.75% |
Management Effectiveness
Return on Assets (TTM) -9.05% | Return on Equity (TTM) -39.28% |
Valuation
Trailing PE - | Forward PE - | Enterprise Value 1388277867 | Price to Sales(TTM) 5.1 |
Enterprise Value 1388277867 | Price to Sales(TTM) 5.1 | ||
Enterprise Value to Revenue 5 | Enterprise Value to EBITDA -2.75 | Shares Outstanding 102185000 | Shares Floating 96730556 |
Shares Outstanding 102185000 | Shares Floating 96730556 | ||
Percent Insiders 4.43 | Percent Institutions 73.77 |
Upturn AI SWOT
ThredUp Inc

Company Overview
History and Background
ThredUp Inc. was founded in 2009 with the goal of making secondhand fashion the first choice. It initially focused on shirt swapping before evolving into an online marketplace for buying and selling used clothing and accessories.
Core Business Areas
- Marketplace: ThredUp's primary business involves operating an online marketplace where consumers can buy and sell secondhand apparel, shoes, and accessories. They handle the logistics of accepting, sorting, photographing, and listing items.
- Resale-as-a-Service (RaaS): ThredUp partners with retailers and brands to power their own resale programs, allowing them to integrate secondhand offerings into their existing businesses. RaaS enables brand control of excess inventory. The RaaS offering provides software and logistics services to brands to operate their own resale programs.
Leadership and Structure
James Reinhart is the CEO and co-founder. The company has a typical corporate structure with departments overseeing technology, marketing, operations, finance, and customer service.
Top Products and Market Share
Key Offerings
- Secondhand Apparel & Accessories: This is ThredUp's core offering, encompassing a wide variety of used clothing, shoes, handbags, and accessories for women and children. Market share data is difficult to precisely quantify but ThredUp is considered a leader in the online resale market. Competitors include Poshmark, The RealReal, and traditional thrift stores.
- users: 3000000
- Resale-as-a-Service (RaaS) Solutions: ThredUp provides the technology and logistics infrastructure for retailers to run their own resale programs. Revenue from RaaS is growing. Competitors include Trove, Archive, and Recurate.
Market Dynamics
Industry Overview
The online secondhand apparel market is growing rapidly, driven by increased consumer awareness of sustainability and the desire for affordable fashion. This market continues to see high growth rates as traditional brick and mortar retailers are having supply chain challenges.
Positioning
ThredUp positions itself as a convenient and affordable online marketplace for buying and selling secondhand clothing, offering a broad selection and streamlined process.
Total Addressable Market (TAM)
The TAM for the secondhand apparel market is estimated to be over $100 billion globally and growing. ThredUp is positioning itself to capture a significant portion of this market through its marketplace and RaaS offerings.
Upturn SWOT Analysis
Strengths
- Large and growing user base
- Proprietary technology and logistics infrastructure
- Strong brand recognition in the secondhand market
- Resale-as-a-Service (RaaS) partnerships
- Data-driven approach to pricing and inventory management
Weaknesses
- Reliance on consumer behavior and fashion trends
- Profitability challenges
- Inventory management complexities
- Competition from other online resale platforms
- Dependence on third-party logistics providers
Opportunities
- Expansion into new geographic markets
- Partnerships with more retailers and brands for RaaS
- Development of new technologies to improve efficiency and customer experience
- Increased focus on sustainability and ethical sourcing
- Expansion of product categories beyond apparel
Threats
- Increased competition from established retailers and new entrants
- Changes in consumer preferences and spending habits
- Economic downturns that could impact demand for secondhand goods
- Disruptions to supply chain and logistics
- Negative publicity related to sustainability or ethical issues
Competitors and Market Share
Key Competitors
- POSH
- REAL
- EBAY
- GPS
Competitive Landscape
ThredUp's advantages include its large user base, proprietary technology, and RaaS offerings. Disadvantages include profitability challenges and competition from larger players.
Major Acquisitions
Remix Global
- Year: 2021
- Acquisition Price (USD millions): 28.5
- Strategic Rationale: Expanded ThredUp's European presence and operational capabilities.
Growth Trajectory and Initiatives
Historical Growth: ThredUp has experienced significant revenue growth in recent years, driven by the increasing popularity of online secondhand shopping. Historical Growth rate = [0.10, 0.12, 0.13]
Future Projections: Analysts project continued growth for ThredUp, driven by the expansion of the secondhand market and the company's RaaS partnerships. Future Growth projection rate = [0.10, 0.12, 0.13]
Recent Initiatives: Recent initiatives include expanding RaaS partnerships, improving the customer experience, and investing in technology and logistics.
Summary
ThredUp is a key player in the growing online resale market, demonstrating strong growth and innovative partnerships with its RaaS offering. Profitability remains a challenge. The company must manage competition and consumer tastes carefully.
Peer Comparison
Sources and Disclaimers
Data Sources:
- SEC Filings
- Investor Relations
- Market Research Reports
- Company Press Releases
- Third-party financial data providers (e.g., Yahoo Finance, Bloomberg)
Disclaimers:
This analysis is based on publicly available information and is for informational purposes only. It is not financial advice and should not be used as the sole basis for making investment decisions. Market conditions and company performance can change rapidly, and actual results may differ from these projections.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About ThredUp Inc
Exchange NASDAQ | Headquaters Oakland, CA, United States | ||
IPO Launch date 2021-03-26 | Co-Founder, CEO & Director Mr. James G. Reinhart | ||
Sector Consumer Cyclical | Industry Internet Retail | Full time employees 1630 | Website https://www.thredup.com |
Full time employees 1630 | Website https://www.thredup.com |
ThredUp Inc., together with its subsidiaries, operates an online resale platform in the United States. Its 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.

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