ThredUp Inc. (TDUP) intrinsic value & 10-year financials
ThredUp Inc. (TDUP) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 8 fiscal years revenue grew 11.3% a year to $310.8M, with an average return on invested capital of 30.2%.
- Graham intrinsic value
- —
- Share price (Oct 17, 2026)
- $2.20
- Market cap
- $267.7M
- Revenue (FY2025)
- $310.8M
- Revenue growth (8-yr CAGR)
- 11.3%
- ROIC (10-yr avg)
- 30.2%
- Free cash flow (FY2025)
- $180.0K
TDUP 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $310.8M | -$20.2M | -$0.17 | $180.0K | -7.0% | -29.7% |
| FY2024 | $260.0M | -$77.0M | -$0.69 | -$1.7M | -15.6% | -41.2% |
| FY2023 | $322.0M | -$71.2M | -$0.68 | -$38.6M | -22.3% | -48.1% |
| FY2022 | $288.4M | -$92.3M | -$0.92 | -$95.4M | -31.0% | -47.9% |
| FY2021 | $251.8M | -$63.2M | -$0.82 | -$54.8M | -24.8% | 336.1% |
| FY2020 | $186.0M | -$47.9M | -$0.59 | -$38.5M | -25.0% | 20.2% |
| FY2019 | $163.8M | -$38.2M | -$0.53 | -$19.6M | -22.5% | 21.9% |
| FY2018 | — | — | — | — | — | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
ThredUp Inc. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.
ThredUp Inc. has historically struggled to out-earn its cost of capital, averaging just -17.4% ROIC.
ThredUp Inc. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, ThredUp Inc. is modeled at 8.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-3.59 per share.