{ "ok": true, "cik": "1484778", "ticker": "TDUP", "name": "ThredUp Inc.", "filings": [ { "form": "10-Q", "filed": "2026-08-05", "items": [], "url": "https://www.sec.gov/Archives/edgar/data/1484778/000148477826000025/0001484778-26-000025-index.htm" }, { "form": "8-K", "filed": "2026-08-05", "items": [ "2.02 Results of Operations and Financial Condition", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1484778/000148477826000024/0001484778-26-000024-index.htm" }, { "form": "8-K", "filed": "2026-05-21", "items": [ "5.07 Submission of Matters to a Vote of Security Holders" ], "url": "https://www.sec.gov/Archives/edgar/data/1484778/000162828026036985/0001628280-26-036985-index.htm" }, { "form": "10-Q", "filed": "2026-05-04", "items": [], "url": "https://www.sec.gov/Archives/edgar/data/1484778/000148477826000016/0001484778-26-000016-index.htm" }, { "form": "8-K", "filed": "2026-05-04", "items": [ "2.02 Results of Operations and Financial Condition", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1484778/000148477826000015/0001484778-26-000015-index.htm" }, { "form": "DEF 14A", "filed": "2026-04-07", "items": [], "url": "https://www.sec.gov/Archives/edgar/data/1484778/000162828026024074/0001628280-26-024074-index.htm" } ], "events12m": 7, "healthWatch": { "window": "last 12 months", "since": "2025-09-27", "signals": [ { "code": "5.02", "label": "Director or officer change", "count": 1, "latest": { "filed": "2025-11-17", "url": "https://www.sec.gov/Archives/edgar/data/1484778/000162828025052594/0001628280-25-052594-index.htm" } } ], "note": "Events the company itself filed with the SEC, most serious first. Shown beside the figures; they do not change the range or its receipt." }, "sources": { "facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0001484778.json", "filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1484778" }, "license": "Figures as filed with the SEC. Card text CC BY 4.0, POPS4.", "notAdvice": "Reporting, not investment advice. No price targets and no trading recommendations.", "edgar": "🫧 Edgar looked up ThredUp Inc. ($TDUP). Last filing: 10-Q, 2026-08-05. 7 event filings (8-K) in the past twelve months.", "auditor": { "changes": [], "nonReliance": [], "restatedSince": null }, "metrics": { "fiscalYearEnd": "2025-12-31", "revenue": 310813000, "revenueGrowth1y": 0.19529209978810225, "revenueGrowthPerYear": 0.054057522256075075, "yearsOfData": 5, "operatingMargin": -0.06996489850810617, "operatingMarginPrior": -0.15620829824136354, "netMargin": -0.06503588974721135, "operatingCashFlow": null, "capitalSpending": 10472000, "freeCashFlow": null, "researchAndDevelopment": 32100000, "researchShareOfRevenue": 0.10327753343650362, "cash": 38629000, "longTermDebt": 18151000, "longTermDebtChange": -0.17517949650095432, "revenueHistory": [ { "fiscalYearEnd": "2021-12-31", "revenue": 251792000 }, { "fiscalYearEnd": "2022-12-31", "revenue": 288379000 }, { "fiscalYearEnd": "2023-12-31", "revenue": 258504000 }, { "fiscalYearEnd": "2024-12-31", "revenue": 260031000 }, { "fiscalYearEnd": "2025-12-31", "revenue": 310813000 } ], "totalEquity": 59193000, "totalAssets": 167245000, "equityRatio": 0.3539298633740919, "returnOnEquity": -0.34149308195225786, "dividendsPaid": null, "payoutRatio": null, "dividendPerShare": null, "dividendYearsRising": null, "dividendCut": null, "priceBased": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown.", "earningsPerShare": -0.17, "sharesOutstanding": 121693000, "bookValuePerShare": 0.48641252989079076, "revenuePerShare": 2.5540745975528583, "range80": { "low": 279344058.6904506, "high": 410241159.904888, "baseline": 345092326.962833, "n": 4309, "band": "b01", "bandLabel": "$100M–1B", "method": "v4.1", "credibility": 0.5, "growthYears": 4, "ownVolatility": 0.13056108016489212, "classVolatility": 0.1022985825903761, "volatility": 0.11728426078085538 }, "ifPaceHeld": { "low": 279344058.6904506, "high": 410241159.904888 } }, "edgarette": "🔖 Exposure: revenue $310.8M (FY2025), total debt $18.2M. Experience: revenue up 19.5% on the year, up 5.4% a year over 4 years; operating margin -7.0%, up from -15.6%. Soundness: equity 35.4% of assets, return on equity -34.1%. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $279.3M and $410.2M next year (method v4.1: its own 4-year record of growth weighed at 50% against $100M–1B filers; on a year the method never saw, 83.4% landed inside). In a shock year the stress range is $253.5M to $453.9M. A statistical range, not company guidance. Against peers (24 filers, $50M+ revenue, retail-catalog & mail-order houses): operating margin -7.0% against a 0.3% median; growth 19.5% against 4.4%.", "peers": { "sic": 5961, "sicDescription": "Retail-Catalog & Mail-Order Houses", "calendarYear": 2025, "minRevenue": 50000000, "depth": 4, "group": "5961", "growth": [ 0.0444, 23 ], "opMargin": [ 0.0034, 24 ], "equityRatio": [ 0.3238, 22 ], "returnOnEquity": [ -0.0193, 18 ] }, "summary": "ThredUp (TDUP) grew revenue 19.5% in FY2025 to $311 million, operating margin -7.0% against a 0.3% median for retail-catalog & mail-order houses, equity 35.4% of assets. Every figure is from the company’s own annual report filed with the SEC.", "chart": "
ThredUp Inc. against its own record and its peers
Operating marginPeer median 0.3%-7.0%Revenue, on the yearPeer median 4.4%19.5%Equity of assetsPeer median 32.4%35.4%Return on equityPeer median -1.9%-34.1%Gold tick: the median of 18–22 peers with $50M+ revenue in retail-catalog & mail-order houses
", "chartHorizon": null, "backtest": { "tests": 3, "hits": 1, "rate": 0.3333333333333333, "method": "v4", "byYear": { "2023": [ 0, 1 ], "2024": [ 1, 1 ], "2025": [ 0, 1 ] }, "note": "hindsight: the same credibility-weighted range on the company's own past years. Years 2018-2023 were used to fit or tune the method, so only 2025 outcomes are fully out of sample." }, "registry": { "logged": "2026-09-27T20:00:53.476Z", "hash": "634144e6092ae05e", "status": "open" }, "caution": "Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.", "schema": "pops4.edgarette.card/1", "card": { "summary": "ThredUp (TDUP) grew revenue 19.5% in FY2025 to $311 million, operating margin -7.0% against a 0.3% median for retail-catalog & mail-order houses, equity 35.4% of assets. Every figure is from the company’s own annual report filed with the SEC.", "exposure": { "fiscalYearEnd": "2025-12-31", "revenue": 310813000, "totalDebt": 18151000, "cash": 38629000 }, "experience": { "revenueGrowth1y": 0.19529209978810225, "revenueGrowthPerYear": 0.054057522256075075, "operatingMargin": -0.06996489850810617, "operatingMarginPrior": -0.15620829824136354, "netMargin": -0.06503588974721135, "freeCashFlow": null }, "soundness": { "equityRatio": 0.3539298633740919, "returnOnEquity": -0.34149308195225786, "payoutRatio": null, "dividendPerShare": null, "dividendYearsRising": null, "dividendCut": null, "note": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown." }, "peers": { "sic": 5961, "sicDescription": "Retail-Catalog & Mail-Order Houses", "calendarYear": 2025, "minRevenue": 50000000, "depth": 4, "group": "5961", "growth": [ 0.0444, 23 ], "opMargin": [ 0.0034, 24 ], "equityRatio": [ 0.3238, 22 ], "returnOnEquity": [ -0.0193, 18 ] }, "credibility": { "auditedYears": 5, "weight": "reasonable", "standard": "ASOP No. 25", "nonReliance": null, "auditorChange": null }, "healthWatch": { "window": "last 12 months", "since": "2025-09-27", "signals": [ { "code": "5.02", "label": "Director or officer change", "count": 1, "latest": { "filed": "2025-11-17", "url": "https://www.sec.gov/Archives/edgar/data/1484778/000162828025052594/0001628280-25-052594-index.htm" } } ], "note": "Events the company itself filed with the SEC, most serious first. Shown beside the figures; they do not change the range or its receipt." }, "range": { "low": 279344058.6904506, "high": 410241159.904888, "baseline": 345092326.962833, "coverage": 0.8, "method": "v4.1", "basis": "next fiscal year revenue: baseline = revenue x (1 + mean of one-year and three-year pace); width = the company's own volatility of yearly growth, credibility-weighted against its size class (Buhlmann), scaled to the 80% target on 2023 and tested on 2024", "calibratedOn": { "companyYears": 4309, "sizeBand": "$100M–1B", "fitYears": [ 2018, 2022 ], "tuneYear": 2023, "testYear": 2024, "coverageOnTestYear": 0.8341 }, "credibility": { "weightOnOwnRecord": 0.5, "growthYears": 4, "ownVolatility": 0.13056108016489212, "classVolatility": 0.1022985825903761, "pricedVolatility": 0.11728426078085538, "k": 3 }, "stress": { "low": 253464081.60588503, "high": 453897765.87027407, "basis": "the same range with widths set to hold 80% across 2018-2023, pandemic years included" }, "kind": "a statistical range, not company guidance; no view on the share price", "track": { "backtest": { "tests": 3, "hits": 1, "rate": 0.3333333333333333, "method": "v4", "byYear": { "2023": [ 0, 1 ], "2024": [ 1, 1 ], "2025": [ 0, 1 ] }, "note": "hindsight: the same credibility-weighted range on the company's own past years. Years 2018-2023 were used to fit or tune the method, so only 2025 outcomes are fully out of sample." }, "registry": { "logged": "2026-09-27T20:00:53.476Z", "hash": "634144e6092ae05e", "status": "open" }, "scorecard": "https://www.pops4.com/boards/scorecard" } }, "caution": "Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.", "sources": { "facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0001484778.json", "filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1484778" }, "speedCash": { "fiscalYear": 2025, "cashConversion": null, "growth3y": 0.0253, "volatility": 0.1306, "paysDividend": false, "raisedDividend": false, "equityRatio": 0.3539, "quadrant": { "code": "sj", "label": "Slow and jumpy", "plain": "growing slower than its size class, with revenue that swings more" }, "compass": null, "band": "$100M-1B", "cashPctInClass": null, "growthPctInClass": 41, "source": "SEC XBRL frames, the company’s own audited figures; quadrant split at the median of its size class" }, "harbor": { "signs": [ { "key": "slowjumpy", "text": "slow and jumpy: growing slower than its size class, with revenue that swings more" } ], "rule": "Boat condition = number of warning signs: a serious warning filing in 12 months; liabilities over assets; slow and jumpy; negative operating cash; an 80% revenue range of ±25% or wider.", "level": 1, "name": "Sound ship", "plain": "one warning sign" }, "cashFlow": { "fiscalYearEnd": "2025-12-31", "operating": null, "investing": -7166000, "financing": -397000, "capitalSpending": 10472000, "free": null, "trend": [ { "fiscalYearEnd": "2021-12-31", "operating": -35019000, "free": -54847000 }, { "fiscalYearEnd": "2022-12-31", "operating": -52105000, "free": -95356000 }, { "fiscalYearEnd": "2023-12-31", "operating": -22591000, "free": -35699000 }, { "fiscalYearEnd": "2024-12-31", "operating": null, "free": null }, { "fiscalYearEnd": "2025-12-31", "operating": null, "free": null } ], "note": "Annual, as filed in 10-K cash flow statements; negative investing/financing = cash going out (capital spending, buybacks, dividends, debt repaid)." }, "investments": { "fiscalYearEnd": "2025-12-31", "cash": 38629000, "shortTerm": 9498000, "longTerm": null, "equityHoldings": null, "totalAssets": 167245000, "ladder": null, "currentRatio": 0.91, "unrealizedGain": null, "unrealizedLoss": null, "note": "Balance-sheet cash and investment securities at fiscal year end, as filed; short-term = due or saleable within a year. Insurers and banks hold most of their book here." } }, "definitions": { "operatingMargin": "Operating income divided by revenue.", "netMargin": "Net income divided by revenue.", "freeCashFlow": "Cash from operations minus spending on property and equipment.", "researchShareOfRevenue": "Research and development expense for the year as a share of revenue, both as filed.", "equityRatio": "Shareholders equity as a share of total assets, both as filed. Higher means less of the company is owed to someone else.", "returnOnEquity": "Net income for the year against shareholders equity at year end.", "payoutRatio": "Dividends paid as a share of net income, in the year the cash went out.", "dividendYearsRising": "Consecutive years, counted back from the last on record, in which dividend per share rose. A fall ends the run and is reported as dividendCut.", "revenueGrowthPerYear": "Compound annual growth between the first and latest fiscal years shown.", "credibility": "How much weight a record deserves, in the actuarial sense (ASOP No. 25): more audited years, more weight.", "peers": "Medians of SEC filers with $50M+ revenue in the same industry code (SIC), narrowest group with at least 8 filers, calendar-year figures from SEC XBRL frames.", "backtest": "The same range method applied to the company's own past years, scored against what it actually reported next. Hindsight, and labelled so.", "healthWatch": "Distress-type events the company filed in the last 12 months (late-filing notices; 8-K items 1.03, 3.01, 2.04, 4.02, 4.01, 2.05, 2.06, 1.05, 5.02), each with its count and newest filing. Display only: they do not change the range or its receipt." }, "speedCash": { "fiscalYear": 2025, "cashConversion": null, "growth3y": 0.0253, "volatility": 0.1306, "paysDividend": false, "raisedDividend": false, "equityRatio": 0.3539, "quadrant": { "code": "sj", "label": "Slow and jumpy", "plain": "growing slower than its size class, with revenue that swings more" }, "compass": null, "band": "$100M-1B", "cashPctInClass": null, "growthPctInClass": 41, "source": "SEC XBRL frames, the company’s own audited figures; quadrant split at the median of its size class" }, "harbor": { "signs": [ { "key": "slowjumpy", "text": "slow and jumpy: growing slower than its size class, with revenue that swings more" } ], "rule": "Boat condition = number of warning signs: a serious warning filing in 12 months; liabilities over assets; slow and jumpy; negative operating cash; an 80% revenue range of ±25% or wider.", "level": 1, "name": "Sound ship", "plain": "one warning sign" }, "cashFlow": { "fiscalYearEnd": "2025-12-31", "operating": null, "investing": -7166000, "financing": -397000, "capitalSpending": 10472000, "free": null, "trend": [ { "fiscalYearEnd": "2021-12-31", "operating": -35019000, "free": -54847000 }, { "fiscalYearEnd": "2022-12-31", "operating": -52105000, "free": -95356000 }, { "fiscalYearEnd": "2023-12-31", "operating": -22591000, "free": -35699000 }, { "fiscalYearEnd": "2024-12-31", "operating": null, "free": null }, { "fiscalYearEnd": "2025-12-31", "operating": null, "free": null } ], "note": "Annual, as filed in 10-K cash flow statements; negative investing/financing = cash going out (capital spending, buybacks, dividends, debt repaid)." }, "investments": { "fiscalYearEnd": "2025-12-31", "cash": 38629000, "shortTerm": 9498000, "longTerm": null, "equityHoldings": null, "totalAssets": 167245000, "ladder": null, "currentRatio": 0.91, "unrealizedGain": null, "unrealizedLoss": null, "note": "Balance-sheet cash and investment securities at fiscal year end, as filed; short-term = due or saleable within a year. Insurers and banks hold most of their book here." } }