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Side-by-side financial comparison of IRONWOOD PHARMACEUTICALS INC (IRWD) 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 $47.7M, roughly 1.7× IRONWOOD PHARMACEUTICALS INC). IRONWOOD PHARMACEUTICALS INC runs the higher net margin — -4.8% vs -7.0%, a 2.2% gap on every dollar of revenue. On growth, ThredUp Inc. posted the faster year-over-year revenue change (18.5% vs -47.3%). Over the past eight quarters, ThredUp Inc.'s revenue compounded faster (9.3% CAGR vs -20.2%).
Ironwood Pharmaceuticals, Inc. is a publicly traded pharmaceutical company. It was originally called Microbia, Inc.
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.
IRWD vs TDUP — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $47.7M | $79.7M |
| Net Profit | $-2.3M | $-5.6M |
| Gross Margin | — | 79.6% |
| Operating Margin | 14.3% | 12.0% |
| Net Margin | -4.8% | -7.0% |
| Revenue YoY | -47.3% | 18.5% |
| Net Profit YoY | -200.9% | 72.4% |
| EPS (diluted) | $0.01 | — |
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.
| Q1 26 | — | $79.7M | ||
| Q4 25 | $47.7M | $79.7M | ||
| Q3 25 | $122.1M | $82.2M | ||
| Q2 25 | $85.2M | $77.7M | ||
| Q1 25 | $41.1M | $71.3M | ||
| Q4 24 | $90.5M | $67.3M | ||
| Q3 24 | $91.6M | $61.5M | ||
| Q2 24 | $94.4M | $66.7M |
| Q1 26 | — | $-5.6M | ||
| Q4 25 | $-2.3M | $-5.6M | ||
| Q3 25 | $40.1M | $-4.2M | ||
| Q2 25 | $23.6M | $-5.2M | ||
| Q1 25 | $-37.4M | $-5.2M | ||
| Q4 24 | $2.3M | $-21.7M | ||
| Q3 24 | $3.6M | $-24.8M | ||
| Q2 24 | $-860.0K | $-14.0M |
| Q1 26 | — | 79.6% | ||
| 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 26 | — | 12.0% | ||
| Q4 25 | 14.3% | -8.4% | ||
| Q3 25 | 61.8% | -5.3% | ||
| Q2 25 | 53.2% | -6.8% | ||
| Q1 25 | -70.7% | -7.6% | ||
| Q4 24 | 34.8% | -12.1% | ||
| Q3 24 | 28.0% | -17.0% | ||
| Q2 24 | 26.5% | -14.4% |
| Q1 26 | — | -7.0% | ||
| Q4 25 | -4.8% | -7.0% | ||
| Q3 25 | 32.8% | -5.2% | ||
| Q2 25 | 27.7% | -6.7% | ||
| Q1 25 | -90.9% | -7.3% | ||
| Q4 24 | 2.5% | -32.3% | ||
| Q3 24 | 4.0% | -40.3% | ||
| Q2 24 | -0.9% | -20.9% |
| Q1 26 | — | — | ||
| Q4 25 | $0.01 | $-0.06 | ||
| Q3 25 | $0.23 | $-0.03 | ||
| Q2 25 | $0.14 | $-0.04 | ||
| Q1 25 | $-0.23 | $-0.04 | ||
| Q4 24 | $0.03 | $-0.19 | ||
| Q3 24 | $0.02 | $-0.22 | ||
| Q2 24 | $-0.01 | $-0.13 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $215.5M | $38.6M |
| Total DebtLower is stronger | — | $18.2M |
| Stockholders' EquityBook value | $-261.8M | $59.2M |
| Total Assets | $396.9M | $167.2M |
| Debt / EquityLower = less leverage | — | 0.31× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $38.6M | ||
| Q4 25 | $215.5M | $38.6M | ||
| Q3 25 | $140.4M | $46.2M | ||
| Q2 25 | $92.9M | $41.0M | ||
| Q1 25 | $108.5M | $41.1M | ||
| Q4 24 | $88.6M | $31.9M | ||
| Q3 24 | $88.2M | $43.7M | ||
| Q2 24 | $105.5M | $44.8M |
| Q1 26 | — | $18.2M | ||
| Q4 25 | — | — | ||
| Q3 25 | $199.5M | — | ||
| Q2 25 | $199.3M | — | ||
| Q1 25 | $199.2M | — | ||
| Q4 24 | $199.0M | — | ||
| Q3 24 | $198.8M | — | ||
| Q2 24 | $198.6M | — |
| Q1 26 | — | $59.2M | ||
| Q4 25 | $-261.8M | $59.2M | ||
| Q3 25 | $-264.2M | $59.1M | ||
| Q2 25 | $-308.2M | $60.2M | ||
| Q1 25 | $-334.1M | $56.1M | ||
| Q4 24 | $-301.3M | $56.3M | ||
| Q3 24 | $-311.3M | $69.3M | ||
| Q2 24 | $-321.7M | $86.5M |
| Q1 26 | — | $167.2M | ||
| Q4 25 | $396.9M | $167.2M | ||
| Q3 25 | $396.1M | $172.5M | ||
| Q2 25 | $342.9M | $173.6M | ||
| Q1 25 | $327.2M | $172.5M | ||
| Q4 24 | $350.9M | $171.2M | ||
| Q3 24 | $389.5M | $214.9M | ||
| Q2 24 | $395.6M | $231.2M |
| Q1 26 | — | 0.31× | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | $74.6M | — |
| Free Cash FlowOCF − Capex | $74.6M | — |
| FCF MarginFCF / Revenue | 156.3% | — |
| Capex IntensityCapex / Revenue | 0.0% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $127.0M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $74.6M | $-1.5M | ||
| Q3 25 | $47.6M | $6.0M | ||
| Q2 25 | $-15.1M | $344.0K | ||
| Q1 25 | $20.0M | $5.7M | ||
| Q4 24 | $15.2M | $663.0K | ||
| Q3 24 | $9.9M | $3.3M | ||
| Q2 24 | $33.5M | $-5.0M |
| Q1 26 | — | — | ||
| Q4 25 | $74.6M | $-3.2M | ||
| Q3 25 | $47.6M | $2.4M | ||
| Q2 25 | $-15.1M | $-2.9M | ||
| Q1 25 | $19.9M | $3.9M | ||
| Q4 24 | — | $-1.8M | ||
| Q3 24 | $9.9M | $1.2M | ||
| Q2 24 | $33.4M | $-5.8M |
| Q1 26 | — | — | ||
| Q4 25 | 156.3% | -4.0% | ||
| Q3 25 | 39.0% | 2.9% | ||
| Q2 25 | -17.7% | -3.8% | ||
| Q1 25 | 48.4% | 5.5% | ||
| Q4 24 | — | -2.7% | ||
| Q3 24 | 10.8% | 2.0% | ||
| Q2 24 | 35.4% | -8.7% |
| Q1 26 | — | — | ||
| Q4 25 | 0.0% | 2.2% | ||
| Q3 25 | 0.0% | 4.4% | ||
| Q2 25 | 0.0% | 4.2% | ||
| Q1 25 | 0.1% | 2.5% | ||
| Q4 24 | 0.0% | 3.7% | ||
| Q3 24 | 0.0% | 3.5% | ||
| Q2 24 | 0.1% | 1.3% |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 1.19× | — | ||
| Q2 25 | -0.64× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 6.74× | — | ||
| Q3 24 | 2.71× | — | ||
| Q2 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
