Levi & Korsinsky Announces Investigation of Securities Claims Against ThredUp Inc. (TDUP)
NEW YORK CITY, NY / ACCESS Newswire / August 7, 2026 / Levi & Korsinsky notifies investors that it has commenced an investigation into ThredUp Inc. ("ThredUp Inc.") (NASDAQ:TDUP) concerning potential violations of the federal securities laws.
ThredUp shareholders absorbed a sharp single-session decline after the Company reported GAAP EPS of -$0.05 against a consensus estimate of -$0.03 and reduced its full-year revenue outlook.
On the Company's March 4, 2024 earnings call, Chief Financial Officer Sean Sobers told investors: "we do not anticipate our cash and marketable securities going below $50 million before reaching free cash flow positive, nor do we expect to turn to the capital markets or draw down our existing debt before them." On that same call, management described a customer that "continues to feel the pressure of compounded inflation and higher interest rates." No specific promotional cost figure was referenced.
In the most recent quarter, revenue grew 16.9% to approximately $90.8 million -- and management guided full-year revenue lower, citing a more price-sensitive customer and roughly $7 million of promotional headwinds in the second half of the year. In January 2026, the Company filed a Form 8-K regarding a credit agreement.
If you suffered a loss on your ThredUp Inc. securities and would like to explore a potential recovery under the federal securities laws, Learn More About the Investigation or contact Joseph E. Levi, Esq. via email at [email protected] or call (212)363-7500 to speak to our team of experienced shareholder advocates.
WHY LEVI & KORSINSKY: Over the past 20 years, Levi & Korsinsky LLP has established itself as a nationally-recognized securities litigation firm that has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. The firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States. Attorney Advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 27th Floor
New York, NY 10004
[email protected]
Tel: (212)363-7500
Fax: (212)363-7171
SOURCE: Levi & Korsinsky, LLP