thredUP

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 Ratings3.4
Overall CultureA

Latest Updates

Employees (est.) (Dec 2020)1,862(+74%)
Job Openings53
Revenue (FY, 2020)$186 M(+14%)
Share Price (Apr 2022)$6.8(-3%)
Cybersecurity ratingBMore
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Key People/Management at thredUP

James Reinhart

James Reinhart

Co-Founder, Chief Executive Officer, Director
Christopher Homer

Christopher Homer

Co-Founder, Chief Operating Officer
Sean Sobers

Sean Sobers

Chief Financial Officer
Alon Rotem

Alon Rotem

Chief Legal Officer
Anthony Marino

Anthony Marino

President
Natalie Breece

Natalie Breece

Senior Vice President of People
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thredUP Office Locations

thredUP has an office in Oakland
Oakland, CA, US (HQ)
969 Broadway #200
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thredUP Financials and Metrics

thredUP Revenue

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View revenue for all periods
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 (27-Apr-2022)

671.7m

Closing stock price (27-Apr-2022)

6.8

Cash (31-Mar-2021)

246.5m

EV

464.3m
thredUP's current market capitalization is $671.7 m.
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
Show all financial metrics

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

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

B

83/100

SecurityScorecard logo

thredUP Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

50-59

out of 100

CSRHub logo

thredUP Online and Social Media Presence

Embed Graph

thredUP Company Culture

  • Overall Culture

    A

    79/100

  • CEO Rating

    A+

    80/100

  • Compensation

    B+

    79/100

  • Diversity

    B

    76/100

Learn more on Comparably

thredUP News and Updates

thredUP Debuts the Recommerce 100, a Comprehensive Review of Branded Resale Programs

The first-of-its-kind monthly index tracks which brands and retailers have launched resale programs and their potential impact on the planet OAKLAND, Calif., April 21, 2022 /PRNewswire/ -- thredUP (NASDAQ: TDUP), one of the largest online resale platforms for women's and kids' apparel,...

thredUP to Report First Quarter 2022 Financial Results on May 9, 2022

OAKLAND, Calif., April 12, 2022 (GLOBE NEWSWIRE) -- ThredUp Inc. (Nasdaq: TDUP), one of the largest online resale platforms for women’s and kids’ apparel, shoes, and accessories, announced today that its financial results for the first quarter ended March 31, 2022 will be released on Monday, May 9…

ThredUp stock falls more than 11% after mixed quarter, guidance

ThredUp Inc. shares fell more than 11% in the extended session Monday after the secondhand retailer posted mixed quarterly results and guided for lower first-quarter sales. ThredUp said it lost $17.9 million, or 18 cents a share, in the fourth quarter, compared with a loss of $17 million, or $1.33 …

thredUP Announces Fourth Quarter and Full Year 2021 Results

OAKLAND, Calif., March 07, 2022 (GLOBE NEWSWIRE) -- ThredUp Inc. (Nasdaq: TDUP), one of the largest online resale platforms for women’s and kids’ apparel, shoes, and accessories, announced today its preliminary financial results for the fourth quarter and full year ended December 31, 2021.

thredUP Appoints First Head of Public Policy And Sustainability

OAKLAND, Calif., Feb. 24, 2022 /PRNewswire/ -- thredUP (NASDAQ: TDUP), one of the largest resale platforms for women's and kid's apparel, shoes, and accessories, today announced that Seth Levey has joined the company as its first-ever Head of Public Policy and Sustainability. In this...

The Ratings Game: ThredUp is lowering prices to attract customers who are paying more for other goods due to inflation

ThredUp shares soared after the secondhand retailer reported better-than-expected third-quarter earnings and said it's strategically pricing to attract customers.
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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, Christopher Homer and Sean Sobers.

  • 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 an office in Oakland.

  • How many offices does thredUP have?

    thredUP has 1 office.