ThredUp (TDUP)
Turns individual sellers' used clothing into a managed online resale marketplace and licensable infrastructure.
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Runs a managed online marketplace for secondhand clothing, shoes, and accessories, sourcing inventory from individual sellers who mail in used items for inspection, pricing, and resale, while also licensing that resale infrastructure to other brands through an open platform for branded secondhand shops.
Runs an online marketplace for secondhand clothing, shoes, and accessories, taking in used items from individual sellers, then inspecting, photographing, pricing, and shipping them through automated distribution centers. Women's and kids' apparel are the core categories, with menswear added through peer-to-peer listings.
Licenses this sourcing-to-fulfillment infrastructure to outside brands and retailers through an open resale platform, letting them launch branded secondhand shops without building the logistics themselves.
A peer-to-peer listing option now runs alongside the managed marketplace, and AI-driven search, styling, and recommendation tools shape how shoppers browse. Operations are concentrated in the US after the European business was divested.
Item flow depends on individual sellers choosing to mail in used clothing rather than resell or donate it elsewhere, and the business competes with fast-fashion retailers and other resale platforms for both sellers and buyers.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 6, 2026 | Roth Capital | Reiterate | Rating: —Target: $11 | Target: $6.50 |
| Oct 29, 2025 | Roth Capital | Target | Target: — | Target: $11 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $52.4M · Total debt $50.6M · Total assets $170.1M · Shareholders' equity $60.7M
- Revenue
- $90.8M
- Operating income
- −$6.1M
- Net income
- −$5.9M
No dividends on record.
| Institutions | 82.71% | 108.63M shares | |
|---|---|---|---|
| 187 holders · as of Jun 30, 2026 | |||
| Insiders | 5.67% | 7.45M shares | |
| 1 holder · as of Nov 4, 2025 | |||
| Strategic holders | 5.11% | 6.72M shares | |
| 2 holders · as of Nov 14, 2024 | |||
| Other | 6.51% | 8.54M shares | |
| remainder | |||
131.33M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This company has 2 share classes; every stake here is a share of the whole company.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 8.35% | 10.97M | as of Jun 30, 2026 |
Needham Investment Management LLCInstitution | 7.75% | 10.18M | as of Jun 30, 2026 |
Capital World InvestorsInstitution | 6.81% | 8.94M | as of Jun 30, 2026 |
James G. Reinhart1,2Insiderdirector, officer: Chief Executive Officer | 5.67% | 3.11M B | filed Nov 4, 2025 |
Ameriprise Financial, Inc.Strategic | 4.42% | 5.81M | filed Nov 14, 2024 |
- James G. Reinhart reports a block also reported by Acadian Asset Management LLC; it is counted once, under Acadian Asset Management LLC.
- The filed share classes (B, COMMON) could not be matched to the company's, so no percentage.
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 2, 2026 | Christopher Homer | officer: Chief Operating Officer | −60,230 | $2.58 |
| Sep 2, 2026 | James G. Reinhart | director, officer: Chief Executive Officer | −171,062 | $2.58 |
| Sep 2, 2026 | Sean Sobers | officer: Chief Financial Officer | −44,559 | $2.58 |
| Mar 10, 2026 | Patricia Nakache | director | +13,157 | $3.73 |
| Mar 3, 2026 | Sean Sobers | officer: Chief Financial Officer | −56,504 | $3.82 |
- The RealReal (ADR)
Closest US pure-play resale peer, luxury-tilted authenticated consignment
- eBay
Largest general marketplace with a huge secondhand-fashion category
- Etsy
Owns Depop (pending sale to eBay) and hosts a vintage-fashion category
- Rent the Runway
Apparel-access substitute — subscription rental vs resale ownership
- Winmark
Franchised physical resale (Plato's Closet, Once Upon a Child)
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| ThredUp | $2.42 | +0.41% | $311.0M | — | — | 0.9 | +16.9% |
| The RealReal (ADR) | $9.82 | +1.71% | $1.16B | — | 56.4 | 1.6 | +16.6% |
| eBay | $107.89 | −0.38% | $48.09B | 22.4 | 17.2 | 4.0 | +14.8% |
| Etsy | $74.00 | +0.71% | $6.97B | 40.2 | 15.6 | 2.4 | −0.7% |
| Rent the Runway | $1.88 | −3.09% | $65.2M | 0.2 | — | 0.2 | +20.8% |
| Winmark | $291.42 | +1.83% | $1.03B | 26.0 | — | 11.9 | +7.6% |
| Median | 24.2 | 17.2 | 2.4 | +14.8% |