OverviewSuggest Edit

thredUP is a company that provides a fashion resale-as-a-service (RaaS) platform for secondhand clothes. It builds a marketplace and infrastructure that enable consumers to sell their clothes online and in the stores. The company offers a variety of secondhand clothing, shoes, and handbags for women and kids.

TypePublic
Founded2009
HQOakland, CA, US
Websitethredup.com
Employee Ratings3.8
Overall CultureB

Latest Updates

Employees (est.) (Dec 2020)1,862(+74%)
Job Openings42
Revenue (FY, 2020)$186 M(+14%)
Share Price (Jun 2021)$27.3(-1%)
Cybersecurity ratingCMore

Key People/Management at thredUP

James Reinhart

James Reinhart

Co-Founder & Chief Executive Officer
John Voris

John Voris

Chief Systems Officer
Christopher Homer

Christopher Homer

Co-Founder & Chief Operating Officer
Sean Sobers

Sean Sobers

Chief Financial Officer
Daniel Demeyere

Daniel Demeyere

Chief Product Officer
Allison Hopkins

Allison Hopkins

Chief People Officer
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thredUP Office Locations

thredUP has offices in Oakland and Mechanicsburg
Oakland, CA, US (HQ)
969 Broadway #200
Mechanicsburg, PA, US
5050 Louise Dr
Show all (2)

thredUP Financials and Metrics

thredUP Revenue

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thredUP's revenue was reported to be $186.02 m in FY, 2020 which is a 13.6% increase from the previous period.
USD

Revenue (Q1, 2021)

55.7m

Gross profit (Q1, 2021)

39.7m

Gross profit margin (Q1, 2021), %

71.3%

Net income (Q1, 2021)

(16.2m)

EBIT (Q1, 2021)

(14.7m)

Market capitalization (11-Jun-2021)

2.6b

Closing stock price (11-Jun-2021)

27.3

Cash (31-Mar-2021)

246.5m

EV

2.4b
thredUP's current market capitalization is $2.6 b.
Annual
USDFY, 2018FY, 2019FY, 2020

Revenue

129.6m163.8m186.0m

Revenue growth, %

26%14%

Cost of goods sold

51.5m51.3m57.9m

Gross profit

78.0m112.5m128.1m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Revenue

33.1m40.1m46.0m48.3m47.3m46.9m55.7m

Cost of goods sold

12.1m12.5m13.4m15.7m14.3m14.2m16.0m

Gross profit

21.0m27.6m32.5m32.6m33.0m32.8m39.7m

Gross profit Margin, %

63%69%71%68%70%70%71%
Annual
USDFY, 2019FY, 2020

Cash

85.6m64.5m

Accounts Receivable

2.1m1.8m

Inventories

3.9m3.5m

Current Assets

94.4m75.2m
Quarterly
USDQ1, 2021

Cash

246.5m

Accounts Receivable

1.7m

Inventories

3.5m

Current Assets

254.9m
Annual
USDFY, 2018FY, 2019FY, 2020

Net Income

(34.2m)(38.2m)(47.9m)

Depreciation and Amortization

4.2m4.3m5.6m

Inventories

(153.0k)2.3m374.0k

Accounts Payable

2.1m(741.0k)3.5m
Quarterly
USDQ1, 2021

Net Income

(16.2m)

Depreciation and Amortization

2.0m

Inventories

37.0k

Accounts Payable

4.7m
USDFY, 2018

Revenue/Employee

309.6k
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thredUP Operating Metrics

thredUP's Orders was reported to be 998 in Q4, 2020.
Q1, 2019Q2, 2019Q3, 2019Q4, 2019Q1, 2020Q2, 2020Q3, 2020Q4, 2020

Orders

601 k699 k877 k957 k9569981.01 k998

Patents (US)

6

Resellers

21

Trademarks (Foreign)

6
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thredUP Acquisitions / Subsidiaries

Company NameDateDeal Size
KindermintFebruary 23, 2015
Knitwit GC LLC
ThredUp CF LLC
thredUP Circular Fashion Fund Inc.
ThredUp Intermediary Holdings LLC

Human Capital Metrics

Source: github.com
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thredUP Cybersecurity Score

Cybersecurity ratingPremium dataset

C

79/100

SecurityScorecard logo

thredUP Online and Social Media Presence

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thredUP Company Culture

  • Overall Culture

    B

    70/100

  • CEO Rating

    B+

    73/100

  • Compensation

    C+

    69/100

  • Diversity

    C

    67/100

Learn more on Comparably

thredUP News and Updates

thredUP to Participate in Upcoming Investor Conferences

OAKLAND, Calif., May 26, 2021 (GLOBE NEWSWIRE) -- ThredUp Inc. (Nasdaq: TDUP), one of the largest resale platforms for women’s and kids’ apparel, shoes, and accessories, announced today that CEO and co-founder James Reinhart and Chief Financial Officer Sean Sobers will participate in three upcomin…

Why secondhand-clothes giant ThredUp, dubbed the 'Amazon of resale,' has a key advantage over rivals Poshmark and Depop, according to a leading expert

Summary List PlacementThe secondhand clothes market is booming, but as demand soars, fewer people are listing their old items for sale. According to one expert, ThredUp – recently dubbed the "Amazon of resale" – may well stay ahead of its rivals for two reasons. First, its partnerships with leadin…

Shares of secondhand retailers Poshmark, ThredUp tumble as widening losses overshadow sales growth

Shares of secondhand retailers Poshmark and ThredUp tumbled in extended trading Wednesday, as widening losses overshadowed strong sales growth.

The Ratings Game: ThredUp will appeal to middle-income consumers who will be spending money on clothing post-COVID

Analysts are bullish about ThredUp, which is poised for growth in a hot resale market.

Online used clothing company ThredUp is the 'Amazon of re-sale,' Barclays says

The firm initiated coverage of the stock with an overweight rating on Tuesday.

ThredUp shares jump nearly 43% in first day of trading

ThredUp shares began trading on Friday under the ticker TDUP in the Nasdaq Global Select Market.
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thredUP Frequently Asked Questions

  • When was thredUP founded?

    thredUP was founded in 2009.

  • Who are thredUP key executives?

    thredUP's key executives are James Reinhart, John Voris and Christopher Homer.

  • How many employees does thredUP have?

    thredUP has 1,862 employees.

  • What is thredUP revenue?

    Latest thredUP annual revenue is $186 m.

  • What is thredUP revenue per employee?

    Latest thredUP revenue per employee is $99.9 k.

  • Who are thredUP competitors?

    Competitors of thredUP include Letgo, Vestiaire Collective and The RealReal.

  • Where is thredUP headquarters?

    thredUP headquarters is located at 969 Broadway #200, Oakland.

  • Where are thredUP offices?

    thredUP has offices in Oakland and Mechanicsburg.

  • How many offices does thredUP have?

    thredUP has 2 offices.