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TDUP

ThredUp Inc.

Ticker TDUPOAKLAND, CAFiscal year ends DecemberBook value per share $0.47Diluted shares 129.8M

ThredUp Inc. (Nasdaq: TDUP) operates a managed online resale marketplace where U.S. buyers shop for secondhand apparel, shoes and accessories, and individual sellers send items for resale through its Clean Out Bag service. The company processes, lists and sells accepted items, and earns revenue primarily from… From the company’s description.

Over the twelve months to Sep 30, 2026, ThredUp Inc. reported revenue of $340.37M, up 31.5% from a year earlier, and a net loss of $23.45M. Its operating margin was −7.2%, and operations generated $9.72M in cash. In fiscal 2025, it reported revenue of $310.81M, up 19.5% from fiscal 2024, and a net loss of $20.21M.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-09-30
Sales & profitability
$310.81MFY2025
+19.5% year over year
Last 12 mo $340.37M
-7.00%FY2025
+8.6 percentage points
Last 12 mo -7.24%
$-20.21MFY2025
+49.5% year over year
Last 12 mo $-23.45M
-34.15%FY2025
+102.6 percentage points
Last 12 mo -38.78%
Cash & financing
$10.65MFY2025
+117.3% year over year
Last 12 mo $9.72M
$0.18MFY2025
+110.7% year over year
Last 12 mo $-0.75M
0.31FY2025
Was 0.39× a year earlier
Last 12 mo 0.29
121.7MFY2025
+8.7% year over year
Last 12 mo 129.8M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What ThredUp Inc. does

In the company’s own words

ThredUp Inc. (Nasdaq: TDUP) operates a managed online resale marketplace where U.S. buyers shop for secondhand apparel, shoes and accessories, and individual sellers send items for resale through its Clean Out Bag service. The company processes, lists and sells accepted items, and earns revenue primarily from consignment sales and seller bag-processing fees. Its Resale-as-a-Service offering enables brands and retailers to provide closet cleanouts and resale shops to their customers. ThredUp’s platform combines distribution-center operations, proprietary software and data science, including AI-enabled search and styling tools. It operates as a single continuing U.S. business following the 2024 divestiture of most of its European subsidiary and discontinuation of European operations. Its marketplaces span value, premium and luxury brands. In fiscal 2025, revenue from continuing operations was $310.8 million; at year-end, its distribution centers could collectively hold more than 7.5 million items, and it had 2,132 employees and professional contractors. Its website is www.thredup.com.

Company details
Sector
Consumer Discretionary
Industry (SIC)
Catalog Retail
Headquarters
OAKLAND, CA
Fiscal year end
December
CIK
1484778
SIC
5961

Financial performance, year by year

Fiscal 2021–2025 · USD
$-135.55M$-5.75M$124.04M$253.84M$383.64M20212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns ThredUp Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

131
funds hold it
1 of 35
superinvestors hold it
$265.51M
held by funds, at market
31.1%
of shares held by funds

Superinvestors in ThredUp Inc. · what they did last quarter

Polen CapitalNEW
Polen Capital Management
<0.1%of 13F portfolio

Share of each manager’s reported 13F portfolio. Change is in shares held, since the previous quarter.

Largest fund holders · ThredUp Inc.’s weight in each

Needham Aggressive Growth Fund
NEAGX · Needham Funds Inc
2.67%of fund net assets
0.06%of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.02%of fund net assets
Fidelity Enhanced Small Cap Core ETF
FESM · Fidelity Covington Trust
0.20%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Fund ownership is a subset of institutional 13F ownership — the two describe overlapping populations and must not be added together.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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  • “How do ThredUp Inc. and its peers compare on margins and cash generation over ten years?”
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