ThredUp Inc
ThredUp Inc., together with its subsidiaries, operates an online resale platform in the United States. Its platform enables consumers to buy and sell primarily secondhand apparel, shoes, and accessories. ThredUp Inc. was incorporated in 2009 and is headquartered in Oakland, California.
ThredUp Inc (TDUP) - Net Assets
Latest net assets as of September 2025: $59.07 Million USD
Based on the latest financial reports, ThredUp Inc (TDUP) has net assets worth $59.07 Million USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($172.47 Million) and total liabilities ($113.40 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $59.07 Million |
| % of Total Assets | 34.25% |
| Annual Growth Rate | 31.37% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 753.14 |
ThredUp Inc - Net Assets Trend (2018–2024)
This chart illustrates how ThredUp Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for ThredUp Inc (2018–2024)
The table below shows the annual net assets of ThredUp Inc from 2018 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $56.30 Million | -45.82% |
| 2023-12-31 | $103.92 Million | -25.77% |
| 2022-12-31 | $140.00 Million | -31.95% |
| 2021-12-31 | $205.73 Million | +192.60% |
| 2020-12-31 | $-222.18 Million | -21.25% |
| 2019-12-31 | $-183.24 Million | -1773.74% |
| 2018-12-31 | $10.95 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to ThredUp Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 39033300000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $11.00K | 0.02% |
| Other Comprehensive Income | $3.00K | 0.01% |
| Other Components | $612.15 Million | 1087.28% |
| Total Equity | $56.30 Million | 100.00% |
ThredUp Inc Competitors by Market Cap
The table below lists competitors of ThredUp Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Tibet Cheezheng Tibetan Medicine Co Ltd
SHE:002287
|
$347.95 Million |
|
SMO ClinPlus Co. Ltd.
SHE:301257
|
$347.98 Million |
|
Semler Scientific Inc
NASDAQ:SMLR
|
$348.27 Million |
|
OPUS GLOBAL Nyrt
BUD:OPUS
|
$348.36 Million |
|
Hubei Sanxia New Building Materials Co Ltd
SHG:600293
|
$347.71 Million |
|
ZEAL Network SE
XETRA:TIMA
|
$347.60 Million |
|
Johnson Health Tech Co Ltd
TW:1736
|
$347.60 Million |
|
Bomesc Offshore Engineering Co
SHG:603727
|
$347.54 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in ThredUp Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 103,917,000 to 56,301,000, a change of -47,616,000 (-45.8%).
- Net loss of 76,986,000 reduced equity.
- Other comprehensive income increased equity by 2,378,000.
- Other factors increased equity by 26,992,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-76.99 Million | -136.74% |
| Other Comprehensive Income | $2.38 Million | +4.22% |
| Other Changes | $26.99 Million | +47.94% |
| Total Change | $- | -45.82% |
Book Value vs Market Value Analysis
This analysis compares ThredUp Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 7.00x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 24.92x to 7.00x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-12-31 | $0.14 | $3.52 | x |
| 2019-12-31 | $-1.95 | $3.52 | x |
| 2020-12-31 | $-2.45 | $3.52 | x |
| 2021-12-31 | $2.67 | $3.52 | x |
| 2022-12-31 | $1.40 | $3.52 | x |
| 2023-12-31 | $0.99 | $3.52 | x |
| 2024-12-31 | $0.50 | $3.52 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently ThredUp Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -136.74%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -29.61%
- • Asset Turnover: 1.52x
- • Equity Multiplier: 3.04x
- Recent ROE (-136.74%) is below the historical average (-87.73%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | -312.21% | -26.38% | 2.74x | 4.31x | $-35.28 Million |
| 2019 | 0.00% | -23.32% | 1.34x | 0.00x | $-19.87 Million |
| 2020 | 0.00% | -25.74% | 1.30x | 0.00x | $-25.66 Million |
| 2021 | -30.71% | -25.09% | 0.70x | 1.75x | $-83.75 Million |
| 2022 | -65.92% | -32.00% | 0.96x | 2.16x | $-106.28 Million |
| 2023 | -68.56% | -27.56% | 1.03x | 2.41x | $-81.64 Million |
| 2024 | -136.74% | -29.61% | 1.52x | 3.04x | $-82.62 Million |
Industry Comparison
This section compares ThredUp Inc's net assets metrics with peer companies in the Internet Retail industry.
Industry Context
- Industry: Internet Retail
- Average net assets among peers: $63,280,359,031
- Average return on equity (ROE) among peers: -555.34%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| ThredUp Inc (TDUP) | $59.07 Million | -312.21% | 1.92x | $347.81 Million |
| Antiaging Quantum Living Inc. (AAQL) | $60.47K | -97.75% | 1.17x | $206.17K |
| Design Milk Co Limited (AHAHF) | $6.95 Million | 0.00% | 0.05x | $116.11 Million |
| Allegro.eu SA (ALEGF) | $8.09 Billion | 5.18% | 0.87x | $5.26 Billion |
| Winamp Group SA (ALPET) | $935.38K | -109.07% | 1.55x | $44.57K |
| Amazon.com Inc (AMZN) | $7.76 Billion | 8.13% | 2.26x | $2.10 Trillion |
| artnet AG (ARTZF) | $1.70 Million | 41.01% | 2.39x | $8.91 Million |
| Waitr Holdings Inc (ASAPQ) | $5.40 Million | -5391.56% | 32.12x | $135.00 |
| ASOS Plc (ASOMF) | $866.70 Million | -25.74% | 2.03x | $125.44 Million |
| Alibaba Group Holding Ltd (BABA) | $615.40 Billion | 14.28% | 0.57x | $371.78 Billion |
| Bluestem Group Inc (BGRP) | $673.25 Million | 2.11% | 1.46x | $94.73 |