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Side-by-side financial comparison of DYNEX CAPITAL INC (DX) and ThredUp Inc. (TDUP). Click either name above to swap in a different company.
ThredUp Inc. is the larger business by last-quarter revenue ($79.7M vs $43.5M, roughly 1.8× DYNEX CAPITAL INC). On growth, DYNEX CAPITAL INC posted the faster year-over-year revenue change (531.3% vs 18.5%). Over the past eight quarters, DYNEX CAPITAL INC's revenue compounded faster (75.8% CAGR vs 11.1%).
Dynex Capital Inc. is a publicly traded real estate investment trust headquartered in the United States. It specializes in investing in and managing a diversified portfolio of mortgage-backed securities, residential and commercial mortgage loans, and other mortgage-related assets. It delivers consistent returns to shareholders via regular dividends and long-term capital growth.
ThredUp Inc. is an American company that operates an online resale platform specializing in the sale of second-hand clothing, footwear, and accessories. Founded in 2009 and headquartered in Oakland, California, it has established itself as one of the leading resale fashion marketplaces.
DX vs TDUP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $43.5M | $79.7M |
| Net Profit | — | $-5.6M |
| Gross Margin | — | 79.6% |
| Operating Margin | — | -8.4% |
| Net Margin | — | -7.0% |
| Revenue YoY | 531.3% | 18.5% |
| Net Profit YoY | — | 74.3% |
| EPS (diluted) | $1.59 | $-0.06 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $43.5M | $79.7M | ||
| Q3 25 | $30.6M | $82.2M | ||
| Q2 25 | $23.1M | $77.7M | ||
| Q1 25 | $17.1M | $71.3M | ||
| Q4 24 | — | $67.3M | ||
| Q3 24 | — | $61.5M | ||
| Q2 24 | — | $66.7M | ||
| Q1 24 | $-3.2M | $64.5M |
| Q4 25 | — | $-5.6M | ||
| Q3 25 | $150.4M | $-4.2M | ||
| Q2 25 | $-13.6M | $-5.2M | ||
| Q1 25 | $-3.1M | $-5.2M | ||
| Q4 24 | — | $-21.7M | ||
| Q3 24 | — | $-24.8M | ||
| Q2 24 | — | $-14.0M | ||
| Q1 24 | $40.1M | $-16.6M |
| Q4 25 | — | 79.6% | ||
| Q3 25 | — | 79.4% | ||
| Q2 25 | — | 79.5% | ||
| Q1 25 | — | 79.1% | ||
| Q4 24 | — | 80.4% | ||
| Q3 24 | — | 79.3% | ||
| Q2 24 | — | 78.8% | ||
| Q1 24 | — | 80.1% |
| Q4 25 | — | -8.4% | ||
| Q3 25 | — | -5.3% | ||
| Q2 25 | — | -6.8% | ||
| Q1 25 | — | -7.6% | ||
| Q4 24 | — | -12.1% | ||
| Q3 24 | — | -17.0% | ||
| Q2 24 | — | -14.4% | ||
| Q1 24 | — | -19.2% |
| Q4 25 | — | -7.0% | ||
| Q3 25 | 491.3% | -5.2% | ||
| Q2 25 | -58.8% | -6.7% | ||
| Q1 25 | -18.0% | -7.3% | ||
| Q4 24 | — | -32.3% | ||
| Q3 24 | — | -40.3% | ||
| Q2 24 | — | -20.9% | ||
| Q1 24 | -1256.8% | -25.7% |
| Q4 25 | $1.59 | $-0.06 | ||
| Q3 25 | $1.08 | $-0.03 | ||
| Q2 25 | $-0.14 | $-0.04 | ||
| Q1 25 | $-0.06 | $-0.04 | ||
| Q4 24 | — | $-0.19 | ||
| Q3 24 | — | $-0.22 | ||
| Q2 24 | — | $-0.13 | ||
| Q1 24 | $0.64 | $-0.15 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $531.0M | $38.6M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.5B | $59.2M |
| Total Assets | $17.3B | $167.2M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $531.0M | $38.6M | ||
| Q3 25 | $491.0M | $46.2M | ||
| Q2 25 | $387.5M | $41.0M | ||
| Q1 25 | $327.4M | $41.1M | ||
| Q4 24 | — | $31.9M | ||
| Q3 24 | — | $43.7M | ||
| Q2 24 | — | $44.8M | ||
| Q1 24 | $295.7M | $50.1M |
| Q4 25 | $2.5B | $59.2M | ||
| Q3 25 | $2.0B | $59.1M | ||
| Q2 25 | $1.6B | $60.2M | ||
| Q1 25 | $1.4B | $56.1M | ||
| Q4 24 | — | $56.3M | ||
| Q3 24 | — | $69.3M | ||
| Q2 24 | — | $86.5M | ||
| Q1 24 | $958.5M | $93.5M |
| Q4 25 | $17.3B | $167.2M | ||
| Q3 25 | $14.2B | $172.5M | ||
| Q2 25 | $11.3B | $173.6M | ||
| Q1 25 | $9.0B | $172.5M | ||
| Q4 24 | — | $171.2M | ||
| Q3 24 | — | $214.9M | ||
| Q2 24 | — | $231.2M | ||
| Q1 24 | $6.3B | $244.3M |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $120.8M | $-1.5M |
| Free Cash FlowOCF − Capex | — | $-3.2M |
| FCF MarginFCF / Revenue | — | -4.0% |
| Capex IntensityCapex / Revenue | — | 2.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $180.0K |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $120.8M | $-1.5M | ||
| Q3 25 | $68.3M | $6.0M | ||
| Q2 25 | $31.9M | $344.0K | ||
| Q1 25 | $6.4M | $5.7M | ||
| Q4 24 | — | $663.0K | ||
| Q3 24 | — | $3.3M | ||
| Q2 24 | — | $-5.0M | ||
| Q1 24 | $-17.1M | $1.4M |
| Q4 25 | — | $-3.2M | ||
| Q3 25 | — | $2.4M | ||
| Q2 25 | — | $-2.9M | ||
| Q1 25 | — | $3.9M | ||
| Q4 24 | — | $-1.8M | ||
| Q3 24 | — | $1.2M | ||
| Q2 24 | — | $-5.8M | ||
| Q1 24 | — | $267.0K |
| Q4 25 | — | -4.0% | ||
| Q3 25 | — | 2.9% | ||
| Q2 25 | — | -3.8% | ||
| Q1 25 | — | 5.5% | ||
| Q4 24 | — | -2.7% | ||
| Q3 24 | — | 2.0% | ||
| Q2 24 | — | -8.7% | ||
| Q1 24 | — | 0.4% |
| Q4 25 | — | 2.2% | ||
| Q3 25 | — | 4.4% | ||
| Q2 25 | — | 4.2% | ||
| Q1 25 | — | 2.5% | ||
| Q4 24 | — | 3.7% | ||
| Q3 24 | — | 3.5% | ||
| Q2 24 | — | 1.3% | ||
| Q1 24 | — | 1.7% |
| Q4 25 | — | — | ||
| Q3 25 | 0.45× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | -0.43× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
