Key Points

  • Northland Securities analyst B. Brooks published a research note on September 30, 2026, projecting ThredUp's FY2027 loss per share at $0.11, better than the current full-year consensus loss of $0.17 per share.
  • ThredUp's quarterly results released on August 5, 2026 showed a loss of $0.05 per share, worse than the consensus loss of $0.03; quarterly revenue was $90.77 million, slightly above analysts' estimate of $90.34 million.
  • On September 2, 2026, Chief Operating Officer Christopher Homer sold 60,230 shares at an average price of $2.58, and Chief Financial Officer Sean Sobers sold 44,559 shares at the same average price that day; both transactions were used to cover tax liabilities arising from vesting of equity awards.

Earnings expectations for U.S. online secondhand apparel resale platform ThredUp (Nasdaq: TDUP) have been updated by another institution. In a research note sent to investors on September 30, Northland Securities analyst B. Brooks projected a FY2027 loss of $0.11 per share, more optimistic than the current full-year consensus loss of $0.17 per share.

The forecast followed ThredUp's latest quarterly earnings release. The company reported a quarterly loss of $0.05 per share on August 5, $0.02 wider than the consensus loss of $0.03; revenue for the period was $90.77 million, above analysts' estimate of $90.34 million. On financial metrics, the company's net profit margin was -6.65% and return on equity was -37.30%.

Other institutions have also recently updated their ratings. Roth Capital reiterated a "buy" rating on August 6 with a $6.50 price target; Telsey Advisory Group lowered its price target to $6.00 from $7.00 the same day while maintaining an "outperform" rating; Weiss Ratings reiterated a "sell (e+)" rating on September 21. Of the 5 institutions currently covering the stock, 4 have buy ratings and 1 has a sell rating, with MarketBeat's aggregated average rating at "moderate buy" and an average price target of $6.55.

On stock performance, ThredUp opened at $2.12 on Thursday, with a market cap of $278.42 million, a P/E ratio of -12.47, and a beta of 1.97; the 50-day moving average was $3.33 and the 200-day moving average was $4.30, with a 52-week range of $2.11 to $10.00. The company's debt-to-equity ratio was 0.29, and both its current ratio and quick ratio were 0.99.

Institutional holdings show that several funds adjusted positions in recent quarters: CI Investments Inc. opened a new position of about $5.937 million in the first quarter; Readystate Asset Management LP increased its stake by 197.4% in the second quarter to 1,508,736 shares worth $10.335 million; Zweig DiMenna Associates LLC raised its stake by 170.1% in the first quarter to 1,454,500 shares worth $4.771 million; Arrowstreet Capital Limited Partnership increased its stake by 19.0% in the first quarter to 2,965,484 shares worth $9.727 million; Empowered Funds LLC opened a new position of $1.338 million in the first quarter. Institutional investors currently hold 89.08% of the company's shares in total.

On insider transactions, on September 2, Chief Operating Officer Christopher Homer sold 60,230 shares at an average price of $2.58, raising about $155,393.40, and after the transaction directly held 1,363,358 shares (worth about $3,517,463.64), a 4.23% decrease in ownership; Chief Financial Officer Sean Sobers sold 44,559 shares at an average price of $2.58 the same day, raising about $114,962.22, and after the transaction held 613,503 shares (worth about $1,582,837.74), a 6.77% decrease in ownership. Both transactions were filed with the SEC and were used to cover withholding tax obligations related to vesting of equity awards. Company insiders collectively hold 23.10% of shares.

ThredUp operates an online resale platform for secondhand clothing, shoes, and accessories, where consumers can buy secondhand goods on its marketplace or list idle items for resale. The platform handles most of the resale process, including receiving, inspection, photography, pricing, and fulfillment and shipping for eligible items. In addition, the company provides branded resale programs to retailers and apparel brands, helping brands offer customers options such as apparel resale, trade-in credit, and recycling buyback through customized digital experiences.

For the secondhand apparel industry, ThredUp's performance and rating changes are a reference for observing the profitability of the online resale model: although the platform's self-operated, asset-heavy process of receiving, inspecting, and pricing goods can ensure product quality and fulfillment experience, it also continuously suppresses profit margins, which is one reason institutions differ widely on its valuation.

Source: Analysts Offer Predictions for ThredUp FY2027 Earnings · Originally published 2026-10-01