Built from weaker models, sales multiples or analyst targets, so treat it as a rough guide.
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Valued as a loss-making company: Sales comps and Analyst consensus.
ACCE opinionThredUp Inc. Class A Common Stock (TDUP)
Fair value
Not available
ACCE price target
$2.30
Rating
Not rated
Horizon
12 months
ACCE price target published on 15 Oct 2026, 00:00 CEST.
Price used: $2.00 at the close on 23 Oct 2026, 22:00 CEST.
Models: Analyst consensus and Sales comps.
Fair value: the average of the applicable valuation models (discounted cash flow, multiples, residual income, dividend discount, shareholder yield), each run on the latest financial statements and the market price shown. Opinion columns (fair value, target, rating) are shown apart from the data. Full methodology: acceinvestments.com/data/how-we-value-stocks
Conflicts of interest: The author holds no personal position in this security. General statement
Produced by ACCE Investments (acceinvestments.com)
Data
ACCE score
33
out of 100
Analysts
86% buy
7 covering
1-year return
-77.3%
Dividend yield
0.00%
ThredUp Inc. Class A Common Stock in four questions
Plain answers, details below
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Overview
ACCE thesis
ThredUp runs an online resale marketplace for secondhand apparel, shoes and accessories, handling the sourcing, cleaning, photography and listing of consignment and buy-out inventory through its ThredUp and Remix channels. The structural case rests on its 79.5% gross margin, which is high for an apparel retailer and reflects a model where it earns a take rate on items it does not buy outright in the consignment flow, plus an asset-light logistics network. Revenue is growing 16.9%, but operating margin is still negative at -6.7% and return on equity is -36.8%, so the business has not yet converted that top-line growth into profit. With a market capitalization of about $309 million and no index membership, the name sits in the small-cap tail where liquidity and analyst coverage are thin, which makes any operating inflection more likely to be priced quickly and violently in either direction. The score of 33 out of 100 reflects that profitability gap, so the question for the desk is whether operating leverage on the existing gross margin can close the distance to breakeven.