# ThredUp Inc. (TDUP) fundamentals

Data as of 2026-09-08. NASDAQ, United States. Sector: Consumer Cyclical / Internet & Direct Marketing Retail. Price $2.72, market value $357 million.

## Valuation
- **P/E (trailing): n/a** (negative earnings). ThredUp Inc. reported negative earnings over the last twelve months, so the P/E is not meaningful; use price-to-sales, EV/EBITDA and free-cash-flow yield instead.
- **Price / sales: 1.1×**. Each dollar of revenue is priced at 1.1×.
- **Price / book: 5.9×**. The shares trade at 5.9× book value; most of the value is in earnings power and intangibles rather than the balance sheet.
- **Free-cash-flow yield: 0.5%** (5-yr avg -18.9%). Free cash flow equals 0.5% of the market value, above its five-year average of -18.9%, so the shares are cheaper on cash than they have usually been.

## Profitability
- **Gross margin: 79.5%**. ThredUp Inc. keeps 79.5% of revenue after the direct cost of what it sells, the kind of margin that comes with software, brands or pricing power.
- **Operating margin: -7.1%**. Operating margin is negative: the business loses money before interest and tax.
- **Net margin: -6.5%**. The company reported a net loss over the last twelve months.
- **Return on equity: -34.1%**. Return on equity is negative because earnings are negative.
- **Return on invested capital: -48.5%**. Return on all capital, debt included, is -48.5%: close to or below the cost of capital, so growth may not create value.
- **Return on assets: -13.3%**. Each dollar of assets produces -13.3% of profit.

## Growth
- **Revenue growth (1 yr): 19.5%** (3-yr 2.5%/yr, 5-yr 10.8%/yr). Revenue grew 19.5% over the last year, against 10.8% a year compounded over five years: growth is accelerating.
- **EPS growth (1 yr): 75.4%**. Earnings per share rose 75.4%, faster than revenue, so margins expanded or the share count shrank.

## Financial health
- **Debt to equity: 0.31**. Debt is 0.31 times equity: a conservative balance sheet.
- **Net debt / EBITDA: 2.1×**. It would take 2.1 years of operating earnings to repay net borrowings, within the comfortable range.
- **Altman Z-score: 3.91**. A Z-score of 3.91 places the company in the safe zone for bankruptcy risk.
- **Piotroski F-score: 5/9**. 5 of 9 checks pass: mixed.

## Dividends
- **Dividend: none**. ThredUp Inc. does not currently pay a dividend.

## Price and momentum
- **Total return (1 yr): -76.8%** (YTD -57.4%, 3-mo -43.6%). The shares are down 76.8% over twelve months including dividends.
- **From 52-week high: -75.6%** (9.7% above the low). Trading 76% below its 52-week high, deep in a drawdown.
- **200-day average: below**. The price sits below its 200-day moving average, the usual definition of a downtrend.
- **RSI (14-day): 31**. An RSI of 31 is neutral.
- **Beta (1 yr): 2.28** (volatility 81%). Beta of 2.28 against the S&P 500: the shares move much more than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=TDUP · Page: https://foliofundamentals.com/stocks/tdup

Not investment advice.