ThredUp
Turns individual sellers' used clothing into a managed online resale marketplace and licensable infrastructure.
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Profile
Runs a managed online marketplace for secondhand clothing, shoes, and accessories, sourcing inventory from individual sellers who mail in used items for inspection, pricing, and resale, while also licensing that resale infrastructure to other brands through an open platform for branded secondhand shops.
Runs an online marketplace for secondhand clothing, shoes, and accessories, taking in used items from individual sellers, then inspecting, photographing, pricing, and shipping them through automated distribution centers. Women's and kids' apparel are the core categories, with menswear added through peer-to-peer listings.
Licenses this sourcing-to-fulfillment infrastructure to outside brands and retailers through an open resale platform, letting them launch branded secondhand shops without building the logistics themselves.
A peer-to-peer listing option now runs alongside the managed marketplace, and AI-driven search, styling, and recommendation tools shape how shoppers browse. Operations are concentrated in the US after the European business was divested.
Item flow depends on individual sellers choosing to mail in used clothing rather than resell or donate it elsewhere, and the business competes with fast-fashion retailers and other resale platforms for both sellers and buyers.
Company facts
Categories
Key statistics
Year to date −55.3% · Average volume (30d) 2.9M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Aug 6, 2026 | Roth Capital | Reiterate | Buy | $11 | $6.50 |
| Oct 29, 2025 | Roth Capital | Target | $11 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 5, 2026Q2 FY26 | −$0.03 | −$0.05 | −68.0% | $90.3M | $90.8M | +0.5% | −50.48% |
| May 4, 2026Q1 FY26 | −$0.05 | −$0.05 | 0.0% | $80.2M | $81.7M | +1.9% | +14.65% |
| Mar 2, 2026Q4 FY25 | −$0.04 | −$0.04 | 0.0% | $77.2M | $79.7M | +3.3% | −23.35% |
| Nov 3, 2025Q3 FY25 | −$0.04 | −$0.03 | +25.0% | $77.2M | $82.2M | +6.5% | −7.53% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $71.3M | $77.7M | $82.2M | $79.7M | $81.7M | $90.8M | |
| Gross profit | $56.4M | $61.7M | $65.2M | $66.6M | $64.7M | $72.5M | |
| Operating income | −$5.4M | −$5.2M | −$4.4M | −$5.1M | −$6.6M | −$6.1M | |
| Net income | −$5.2M | −$5.2M | −$4.2M | −$5.6M | −$6.5M | −$5.9M | |
| Diluted EPS | −$0.04 | −$0.04 | −$0.03 | −$0.04 | −$0.05 | −$0.05 | |
| Gross margin | 79.1% | 79.5% | 79.4% | 83.5% | 79.2% | 79.9% | |
| Operating margin | -7.6% | -6.8% | -5.3% | -6.5% | -8.1% | -6.7% |
Fiscal years (4-quarter sums)FY21 $251.8M · FY22 $288.4M · FY23 $322.0M · FY24 $231.9M · FY25 $310.8M
Revenue by product · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $52.4M · Total debt $50.6M · Total assets $170.1M · Shareholders' equity $60.7M
Dividends
No dividends on record.
Ownership
Shares outstanding 129.04M · Float 101.95M · 79.0% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Needham Investment Management L.L.C. | 9.28M | 8.70% | 13G | May 14, 2026 |
| Capital World Investors | 8.71M | 6.75% | 13F | May 13, 2026 |
| BlackRock, Inc. | 8.25M | 6.39% | 13F | May 13, 2026 |
| Inc. | 5.81M | 6.89% | 13G | Nov 14, 2024 |
| Marshall Wace, LLP | 4.90M | 3.79% | 13F | May 15, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Mar 10, 2026 | Patricia Nakache | director | +13,157 | $3.73 |
| Mar 3, 2026 | Sean Sobers | officer: Chief Financial Officer | −56,504 | $3.82 |
| Mar 3, 2026 | James G. Reinhart | director, officer: Chief Executive Officer | −215,338 | $3.82 |
| Mar 3, 2026 | Christopher Homer | officer: Chief Operating Officer | −69,741 | $3.82 |
| Dec 2, 2025 | Sean Sobers | officer: Chief Financial Officer | −51,220 | $7.42 |
Peers
- The RealReal (ADR)
Closest US pure-play resale peer, luxury-tilted authenticated consignment
- eBay
Largest general marketplace with a huge secondhand-fashion category
- Etsy
Owns Depop (pending sale to eBay) and hosts a vintage-fashion category
- Rent the Runway
Apparel-access substitute — subscription rental vs resale ownership
- Winmark
Franchised physical resale (Plato's Closet, Once Upon a Child)
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| ThredUp | $2.72 | +0.18% | $351.0M | — | — | 1.0 | +16.9% |
| The RealReal (ADR) | $10.93 | +0.05% | $1.32B | — | 59.7 | 1.8 | +16.6% |
| eBay | $105.17 | −0.42% | $46.90B | 21.9 | 16.8 | 3.9 | +14.8% |
| Etsy | $83.11 | −0.59% | $7.93B | 45.7 | 17.7 | 2.8 | −0.7% |
| Rent the Runway | $3.57 | −0.28% | $120.6M | 0.6 | — | 0.3 | +29.2% |
| Winmark | $337.25 | −0.04% | $1.21B | 30.6 | — | 14.0 | +7.6% |
| Median | 26.2 | 17.7 | 2.8 | +14.8% |