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Thredup Inc. (TDUP) Financials

TDUP
Trailing 12 months to June 30, 2026
Revenue $334.3M +20.4% YoY
Net Income -$22.2M +60.9% YoY
EPS (Diluted) -$0.18 +63.3% YoY
Free Cash Flow $1.6M +56.1% YoY
Market Cap $355.9M as of Sep 2, 2026
Price / Sales 1.1x on $334.3M revenue, trailing 12 months to June 30, 2026
Price / Earnings n/m net loss, so no earnings multiple, trailing 12 months to June 30, 2026
Price / Book 5.9x on $60.7M equity, Q2 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Sep 2, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2026, filed Aug 5, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the TDUP SEC filings page.

Thredup Inc. (TDUP) reported $334.3M in revenue over the twelve months to Jun 30, 2026, up 20.4% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 7 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI TDUP FY2025

Revenue acceleration is reaching operating results, but near-zero free cash flow leaves little surplus after reinvestment.

Revenue reached $310.8M in FY2025 while gross margin remained 79.4%, indicating that growth—not a gross-margin windfall—was the main base for operating improvement. SG&A stayed nearly flat at $56.7M as revenue expanded, a pattern consistent with operating leverage; however, operating cash flow of $10.7M translated into only $180K of free cash flow, showing that reinvestment absorbed nearly all internally generated cash.

The balance sheet became less debt-heavy as debt-to-equity declined from 0.3x in FY2024 to 0.2x in FY2025. Yet a 0.9x current ratio means current liabilities exceeded current assets, so lower leverage has not eliminated short-term funding tightness.

Net loss narrowed to -$20.2M from -$77.0M, reflecting materially better operating performance. At the same time, shares outstanding rose from 116.1M to 127.0M, so per-share improvement reflects both narrower losses and a larger ownership base.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

Profitability Growth Leverage Liquidity CashFlow Returns 38 / 100
Financial Health Score 38/100

Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Thredup Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability
30

Thredup Inc. has an operating margin of -7.0%, meaning the company loses $7 on every $100 of revenue. This results in a profitability score of 30/100. This is up from -15.6% the prior year.

Growth
64

Thredup Inc.'s revenue surged 19.5% year-over-year to $310.8M, reflecting rapid business expansion. This strong growth earns a score of 64/100.

Leverage
73

Thredup Inc. carries a low D/E ratio of 0.24, meaning only $0.24 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 73/100, indicating a strong balance sheet with room for future borrowing.

Liquidity
15

Thredup Inc.'s current ratio of 0.91 is below the typical benchmark, resulting in a score of 15/100. However, the company holds substantial cash reserves (62% of current liabilities), which buffers actual liquidity risk. Large mature operators often run tight current ratios by design.

Cash Flow
19

While Thredup Inc. generated $10.7M in operating cash flow, capex of $10.5M consumed most of it, leaving $180K in free cash flow. This results in a low score of 19/100, reflecting heavy capital investment rather than weak cash generation.

Returns
29

Thredup Inc. posts a -34.2% return on equity (ROE), meaning it loses $34 for every $100 of shareholders' equity. This results in a returns score of 29/100. This is up from -136.7% the prior year.

Altman Z-Score Distress
-1.46

Thredup Inc. scores -1.46, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($355.9M) relative to total liabilities ($108.1M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Neutral
5/9

Thredup Inc. passes 5 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Mixed
N/A

Thredup Inc. reported a net loss of $20.2M while generating $10.7M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.

Interest Coverage At Risk
N/A

Thredup Inc. reported an operating loss of $21.7M against $1.9M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.

Key Financial Metrics

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Earnings & Revenue

Revenue
$90.8M
YoY+16.9%
QoQ+11.1%
5Y CAGR+8.6%

Thredup Inc. generated $90.8M in revenue in Q2 2026. This represents an increase of 16.9% from the same quarter a year earlier. Against the prior quarter it is up 11.1%.

EBITDA
-$2.0M
YoY+1.6%
QoQ+38.7%

Thredup Inc.'s EBITDA was -$2.0M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 1.6% from the same quarter a year earlier. Against the prior quarter it is up 38.7%.

Net Income
-$5.9M
YoY-14.7%
QoQ+8.3%

Thredup Inc. reported -$5.9M in net income in Q2 2026. This represents a decrease of 14.7% from the same quarter a year earlier. Against the prior quarter it is up 8.3%.

EPS (Diluted)
-$0.05
YoY-25.0%
QoQ0.0%

Thredup Inc. earned -$0.05 per diluted share (EPS) in Q2 2026. This represents a decrease of 25.0% from the same quarter a year earlier. It is unchanged from the prior quarter.

Cash & Balance Sheet

Free Cash Flow
$1.8M
YoY+160.7%
QoQ+177.3%

Thredup Inc. generated $1.8M in free cash flow in Q2 2026, representing cash available after capex. This represents an increase of 160.7% from the same quarter a year earlier. Against the prior quarter it is up 177.3%.

Cash & Debt
$42.2M
YoY+2.9%
QoQ+8.1%
5Y CAGR-24.6%

Thredup Inc. held $42.2M in cash against $17.7M in long-term debt as of Q2 2026.

Shares Outstanding
131M
YoY+6.7%
QoQ+1.8%
5Y CAGR+6.7%

Thredup Inc. had 131M shares outstanding in Q2 2026. This represents an increase of 6.7% from the same quarter a year earlier. Against the prior quarter it is up 1.8%.

Dividends Per Share

Not reported for Q2 2026.

Margins & Returns

Gross Margin
79.9%
YoY+0.4pp
QoQ+0.7pp
5Y CAGR+6.3pp

Thredup Inc.'s gross margin was 79.9% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is up 0.4 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.7 percentage points.

Operating Margin
-6.7%
YoY0.0pp
QoQ+1.3pp
5Y CAGR+16.4pp

Thredup Inc.'s operating margin was -6.7% in Q2 2026, reflecting core business profitability. That is unchanged from the same quarter a year earlier. Against the prior quarter it is up 1.3 percentage points.

Net Margin
-6.5%
YoY+0.1pp
QoQ+1.4pp
5Y CAGR+17.4pp

Thredup Inc.'s net profit margin was -6.5% in Q2 2026, showing the share of revenue converted to profit. This is up 0.1 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.4 percentage points.

Return on Equity
-9.8%
YoY-1.2pp
QoQ+1.1pp
5Y CAGR-1.8pp

Thredup Inc.'s ROE was -9.8% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is down 1.2 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.1 percentage points.

Capital Allocation

Capital Expenditures
$2.7M
YoY-18.7%
QoQ-35.1%
5Y CAGR-11.5%

Thredup Inc. invested $2.7M in capex in Q2 2026, funding long-term assets and infrastructure. This represents a decrease of 18.7% from the same quarter a year earlier. Against the prior quarter it is down 35.1%.

R&D Spending

Not reported for Q2 2026.

Share Buybacks

Not reported for Q2 2026.

TDUP Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

TDUP quarterly income statement
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
Revenue$90.8M+16.9%$81.7M+14.6%$79.7M+18.5%$82.2M+33.6%$77.7M+16.4%$71.3M+10.5%$67.3M+276.3%$61.5M-25.0%
Cost of Revenue$18.2M+14.6%$17.0M+14.0%$16.3M+23.6%$16.9M+32.8%$15.9M+12.4%$14.9M+16.4%$13.2M+176.8%$12.8M-49.8%
Gross Profit$72.5M+17.5%$64.7M+14.7%$63.4M+17.3%$65.2M+33.8%$61.7M+17.5%$56.4M+9.0%$54.1M+54.5%$48.8M-13.9%
SG&A Expenses$15.8M+19.0%$15.2M+12.5%$15.0M+8.5%$14.9M+14.3%$13.3M-4.9%$13.5M-16.1%$13.8M+44.1%$13.0M-13.6%
Operating Income-$6.1M-16.5%-$6.6M-21.3%-$6.7M+18.1%-$4.4M+58.1%-$5.2M+45.4%-$5.4M+56.2%-$8.2M-299.4%-$10.5M+42.5%
EBITDA-$2.0M+1.6%-$3.3M-44.9%-$3.2M-4.8%-$1.3M+79.4%-$2.0M+61.5%-$2.3M+73.8%-$3.1M-170.9%-$6.3M+51.0%
Interest Expense$299K-39.7%$384K-25.3%$432K-23.8%$477K-24.2%$496K-23.9%$514K-24.1%$567K-20.0%$629K-14.1%
Income Tax$27K-12.9%$24K-57.9%$5K-37.5%-$34K-950.0%$31K+416.7%$57K+418.2%$8K+260.0%$4K+33.3%
Net Income-$5.9M-14.7%-$6.5M-24.1%-$5.6M+74.3%-$4.2M+82.9%-$5.2M+62.9%-$5.2M+68.5%-$21.7M-48.5%-$24.8M-37.0%
EPS (Basic)-$0.05-25.0%-$0.05-25.0%-$0.05+73.7%-$0.03+86.4%-$0.04+69.2%-$0.04+73.3%-$0.19-35.7%-$0.22-29.4%
EPS (Diluted)-$0.05-25.0%-$0.05-25.0%-$0.05+73.7%-$0.03+86.4%-$0.04+69.2%-$0.04+73.3%-$0.19-35.7%-$0.22-29.4%
Diluted Shares (Avg)130M+8.0%128M+9.4%N/A124M+9.8%120M+8.4%117M+6.8%N/A113M+6.6%

Not reported in any period shown, so not listed: R&D Expenses.

TDUP Balance Sheet

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

TDUP quarterly balance sheet
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
Total Assets$170.1M-2.0%$172.4M-0.1%$167.2M-2.3%$172.5M-19.8%$173.6M-24.9%$172.5M-29.4%$171.2M-31.5%$214.9M-19.0%
Current Assets$61.2M+0.8%$60.4M-0.1%$56.7M-0.4%$60.5M-17.5%$60.7M-22.3%$60.5M-30.4%$56.9M-39.4%$73.4M-30.5%
Cash & Equivalents$42.2M+2.9%$39.0M-5.0%$38.6M+21.3%$46.2M+5.7%$41.0M-8.5%$41.1M-18.1%$31.9M-41.4%$43.7M-36.2%
Short-Term Investments$10.3M+55.3%$10.5M+82.8%$9.5M-22.9%$4.9M-57.7%$6.6M-37.2%$5.7M-53.9%$12.3M+52.2%$11.6M+107.7%
InventoryN/AN/AN/AN/AN/AN/A$690K-75.6%$7.4M-59.4%
Accounts Receivable$2.6M-31.1%$4.3M+1.9%$2.4M-31.7%$3.7M-34.8%$3.8M-35.5%$4.2M-38.9%$3.6M-28.6%$5.7M-4.6%
Long-Term Investments$0$0$0$0$0$0$0$0
Goodwill$10.7M0.0%$10.7M0.0%$10.7M0.0%$10.7M-11.3%$10.7M-7.4%$10.7M-8.0%$10.7M-4.2%$12.1M+5.8%
Total Liabilities$109.4M-3.5%$113.0M-3.0%$108.1M-6.0%$113.4M-22.2%$113.4M-21.6%$116.4M-22.8%$114.9M-21.3%$145.7M-6.5%
Current Liabilities$61.6M-2.5%$63.7M-2.9%$62.4M+1.4%$65.5M-14.2%$63.2M-14.2%$65.6M-14.9%$61.5M-19.8%$76.4M-9.5%
Non-Current Liabilities$47.8M-4.9%$49.3M-3.0%$45.7M-14.5%$47.9M-30.9%$50.2M-29.3%$50.8M-31.0%$53.4M-23.0%$69.3M-3.1%
Long-Term Debt$17.7M+9.3%$17.7M+3.2%$14.3M-21.3%$15.2M-20.2%$16.2M-19.2%$17.2M-18.3%$18.2M-17.5%$19.1M-16.8%
Total Equity$60.7M+0.9%$59.4M+5.9%$59.2M+5.1%$59.1M-14.7%$60.2M-30.4%$56.1M-40.0%$56.3M-45.8%$69.3M-36.8%
Retained Earnings-$588.5M-3.9%-$582.5M-3.8%-$576.1M-3.6%-$570.5M-6.8%-$566.3M-11.2%-$561.1M-13.3%-$555.9M-16.1%-$534.2M-15.1%

TDUP Cash Flow Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

TDUP quarterly cash flow statement
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
Operating Cash Flow$4.5M+1193.6%$4.8M-17.2%-$1.5M-320.7%$6.0M+51.2%$344K+130.2%$5.7M+312.3%$663K+108.3%$4.0M+1687.9%
Depreciation & Amortization$4.1M+28.1%$3.3M+4.3%$3.5M-46.3%$3.1M-26.2%$3.2M-25.6%$3.2M-15.4%$6.4M+1759.0%$4.2M-22.2%
Stock-Based Compensation$5.9M+31.7%$5.5M-0.3%N/A$4.4M-28.0%$4.5M-33.0%$5.5M-20.1%N/A$6.2M-21.9%
Capital Expenditures$2.7M-18.7%$4.1M+126.5%$1.7M-29.9%$3.7M+70.1%$3.3M+286.7%$1.8M+61.2%$2.5M+269.3%$2.1M+44.8%
Free Cash Flow$1.8M+160.7%$643K-83.6%-$3.2M-77.2%$2.4M+29.2%-$2.9M-47.6%$3.9M+1371.2%-$1.8M+79.2%$1.8M+246.0%
Investing Cash Flow-$2.5M+40.2%-$5.0M-198.8%N/AN/A-$4.1M-587.4%$5.1M+187.7%N/A-$3.5M-118.3%
Financing Cash Flow$1.2M-67.9%$628K+139.5%$51K+110.9%-$2.5M-100.4%$3.7M+410.7%-$1.6M-7.4%-$467K+24.7%-$1.3M-2.4%

Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.

TDUP Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

TDUP quarterly financial ratios
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
Gross Margin79.9%+0.4pp79.2%+0.1pp79.6%-0.8pp79.4%+0.1pp79.5%+0.7pp79.1%-1.1pp80.4%79.3%+10.2pp
Operating Margin-6.7%0.0pp-8.1%-0.4pp-8.4%+3.7pp-5.3%+11.7pp-6.8%+7.6pp-7.6%+11.6pp-12.1%-35.0pp-17.0%+5.2pp
Net Margin-6.5%+0.1pp-7.9%-0.6pp-7.0%+25.3pp-5.2%+35.1pp-6.7%+14.3pp-7.3%+18.3pp-32.3%+49.5pp-40.3%-18.2pp
Return on Equity-9.8%-1.2pp-10.9%-1.6pp-9.4%+29.1pp-7.2%+28.6pp-8.6%+7.5pp-9.3%+8.4pp-38.6%-24.5pp-35.8%-19.2pp
Return on Assets-3.5%-0.5pp-3.8%-0.7pp-3.3%+9.3pp-2.5%+9.1pp-3.0%+3.1pp-3.0%+3.8pp-12.7%-6.8pp-11.5%-4.7pp
Current Ratio0.990.0x0.950.0x0.910.0x0.920.0x0.96-0.1x0.92-0.2x0.93-0.3x0.96-0.3x
Debt-to-Equity0.290.0x0.300.0x0.24-0.1x0.260.0x0.270.0x0.31+0.1x0.32+0.1x0.28+0.1x
Asset Turnover0.53+0.1x0.47+0.1x0.48+0.1x0.48+0.2x0.45+0.2x0.41+0.1x0.39+0.3x0.290.0x
FCF Margin2.0%+5.7pp0.8%-4.7pp-4.0%-1.3pp2.9%-0.1pp-3.8%-0.8pp5.5%+5.1pp-2.7%+45.7pp3.0%+4.5pp

Note: The current ratio is below 1.0 (0.91), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company Fiscal year Revenue Net income Net margin Market cap Health score
Thredup Inc. TDUP FY2025 $310.8M -$20.2M -6.5% $355.9M 38/100
Jumia JMIA FY2025 $188.9M -$61.5M -32.6% $922.0M 26/100
ATRENEW INC RERE FY2025 N/A $48.1M N/A $917.0M
Revolve Group RVLV FY2025 $1.2B $61.7M 5.0% $1.6B 58/100
Liquidity Svcs Inc LQDT FY2025 $476.7M $28.1M 5.9% $1.2B 65/100

Frequently Asked Questions

What is Thredup Inc.'s annual revenue?

Thredup Inc. (TDUP) reported $310.8M in total revenue for fiscal year 2025. This represents a 19.5% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Thredup Inc.'s revenue growing?

Thredup Inc. (TDUP) revenue grew by 19.5% year-over-year, from $260.0M to $310.8M in fiscal year 2025.

Is Thredup Inc. profitable?

No, Thredup Inc. (TDUP) reported a net income of -$20.2M in fiscal year 2025, with a net profit margin of -6.5%.

Thredup Inc. (TDUP) reported diluted earnings per share of -$0.17 for fiscal year 2025. This represents a 75.4% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Thredup Inc. (TDUP) had EBITDA of -$8.8M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

As of fiscal year 2025, Thredup Inc. (TDUP) had $38.6M in cash and equivalents against $14.3M in long-term debt.

Thredup Inc. (TDUP) had a gross margin of 79.4% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

Thredup Inc. (TDUP) had an operating margin of -7.0% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

Thredup Inc. (TDUP) had a net profit margin of -6.5% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Thredup Inc. (TDUP) has a return on equity of -34.2% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

Thredup Inc. (TDUP) generated $180K in free cash flow during fiscal year 2025. This represents a 110.7% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

Thredup Inc. (TDUP) generated $10.7M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

Thredup Inc. (TDUP) had $167.2M in total assets as of fiscal year 2025, including both current and long-term assets.

Thredup Inc. (TDUP) invested $10.5M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Thredup Inc. (TDUP) invested $32.1M in research and development during fiscal year 2025.

Thredup Inc. (TDUP) had 127M shares outstanding as of fiscal year 2025.

Thredup Inc. (TDUP) had a current ratio of 0.91 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.

Thredup Inc. (TDUP) had a debt-to-equity ratio of 0.24 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

Thredup Inc. (TDUP) had a return on assets of -12.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Thredup Inc. (TDUP) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (trailing 12 months to June 30, 2026). The market capitalization is $355.9M as of Sep 2, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

Thredup Inc. (TDUP) trades at 1.1x sales, its market capitalization divided by revenue of $334.3M revenue, trailing 12 months to June 30, 2026. The market capitalization is $355.9M as of Sep 2, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

Thredup Inc. (TDUP) has an Altman Z-Score of -1.46, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

Thredup Inc. (TDUP) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Thredup Inc. (TDUP) reported a net loss of $20.2M while generating $10.7M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Thredup Inc. (TDUP) reported an operating loss of $21.7M against $1.9M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

Thredup Inc. (TDUP) scores 38 out of 100 on our Financial Health Score, indicating weak standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.

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