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ThredUp Inc. TDUP Operating margin

Operating margin at other companies

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TargetTGT
4.5%-0.9pp
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Walmart WMT
4.2%-0.2pp
Ross Stores logo
Ross StoresROST
12.2%0.0pp
Amazon logo
AmazonAMZN
11.5%+0.5pp
eBay logo
eBayEBAY
19.6%-2.7pp
The RealReal logo
The RealRealREAL
-5.3%-1.9pp

Other financials

Income statement

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Revenue$81.7M+14.6%
Gross profit$64.7M+14.7%
Operating income-$6.6M-21.3%
Net income-$6.5M-24.1%
EPS (diluted)-$0.05-25.0%

Balance sheet

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Cash & equivalents$43.9M-11.6%
Total debt$52.2M-8.1%
Total equity$59.4M+5.9%
Total assets$172.4M-0.1%

Cash flow

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Operating cash flow$4.8M-17.2%
CapEx$4.1M+127%
Free cash flow$643.0K-83.6%

Valuation

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Market cap$843.93M-17.9%
Enterprise value$852.17M-17.6%
P/S2.6×-1.2×

Profitability

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Gross margin79.4%0.0pp
Net margin-6.7%-2.8pp
FCF margin-6.1%-2.6pp

Returns & leverage

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Return on equity-37.2%-13.6pp
Debt / equity0.9×-0.1×
Current ratio0.9×0.0×

Where this comes from

Calculated from ThredUp Inc.’s reported figures.

Based on trailing twelve months.

The official record: ThredUp Inc.’s 10-Q, filed May 4, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is ThredUp Inc.'s operating margin?
ThredUp Inc. (TDUP) reported operating margin of -7.1% in Q1 2026.
How has ThredUp Inc.'s operating margin changed year-over-year?
ThredUp Inc.'s operating margin increased by 43.5% year-over-year, from -12.6% to -7.1%.
What is the long-term trend for ThredUp Inc.'s operating margin?
Over 5 years (2020 to 2025), ThredUp Inc.'s operating margin has grown at a -22.5% compound annual growth rate (CAGR), from -25% to -7%.
What does operating margin mean?
Operating income as a percentage of revenue (trailing twelve months). Captures profitability from core operations after both cost of revenue and operating expenses, but before interest and taxes.