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Side-by-side financial comparison of PETMED EXPRESS INC (PETS) and ThredUp Inc. (TDUP). Click either name above to swap in a different company.
ThredUp Inc. is the larger business by last-quarter revenue ($81.7M vs $40.7M, roughly 2.0× PETMED EXPRESS INC). ThredUp Inc. runs the higher net margin — -7.9% vs -26.0%, a 18.0% gap on every dollar of revenue. On growth, ThredUp Inc. posted the faster year-over-year revenue change (14.6% vs -23.3%). Over the past eight quarters, ThredUp Inc.'s revenue compounded faster (10.6% CAGR vs -20.9%).
PetMed Express, Inc., also known as PetMeds, is an online pet pharmacy based in the United States. It is publicly traded and sells prescription and non-prescription pet medication.
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.
PETS vs TDUP — Head-to-Head
Income Statement — Q3 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $40.7M | $81.7M |
| Net Profit | $-10.6M | $-6.5M |
| Gross Margin | 23.3% | 79.2% |
| Operating Margin | -25.7% | 12.8% |
| Net Margin | -26.0% | -7.9% |
| Revenue YoY | -23.3% | 14.6% |
| Net Profit YoY | -1392.6% | -24.1% |
| EPS (diluted) | $-0.50 | $-0.05 |
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 | — | $81.7M | ||
| Q4 25 | $40.7M | $79.7M | ||
| Q3 25 | $44.4M | $82.2M | ||
| Q2 25 | $51.2M | $77.7M | ||
| Q1 25 | $50.8M | $71.3M | ||
| Q4 24 | $52.0M | $67.3M | ||
| Q3 24 | $58.0M | $61.5M | ||
| Q2 24 | $66.2M | $66.7M |
| Q1 26 | — | $-6.5M | ||
| Q4 25 | $-10.6M | $-5.6M | ||
| Q3 25 | $-8.5M | $-4.2M | ||
| Q2 25 | $-34.2M | $-5.2M | ||
| Q1 25 | $-11.6M | $-5.2M | ||
| Q4 24 | $-707.0K | $-21.7M | ||
| Q3 24 | $2.3M | $-24.8M | ||
| Q2 24 | $3.8M | $-14.0M |
| Q1 26 | — | 79.2% | ||
| Q4 25 | 23.3% | 79.6% | ||
| Q3 25 | 28.0% | 79.4% | ||
| Q2 25 | 28.1% | 79.5% | ||
| Q1 25 | 29.9% | 79.1% | ||
| Q4 24 | 31.0% | 80.4% | ||
| Q3 24 | 32.3% | 79.3% | ||
| Q2 24 | 28.8% | 78.8% |
| Q1 26 | — | 12.8% | ||
| Q4 25 | -25.7% | -8.4% | ||
| Q3 25 | -18.9% | -5.3% | ||
| Q2 25 | -66.7% | -6.8% | ||
| Q1 25 | -11.9% | -7.6% | ||
| Q4 24 | -0.9% | -12.1% | ||
| Q3 24 | 1.0% | -17.0% | ||
| Q2 24 | 6.6% | -14.4% |
| Q1 26 | — | -7.9% | ||
| Q4 25 | -26.0% | -7.0% | ||
| Q3 25 | -19.2% | -5.2% | ||
| Q2 25 | -66.7% | -6.7% | ||
| Q1 25 | -22.9% | -7.3% | ||
| Q4 24 | -1.4% | -32.3% | ||
| Q3 24 | 4.0% | -40.3% | ||
| Q2 24 | 5.7% | -20.9% |
| Q1 26 | — | $-0.05 | ||
| Q4 25 | $-0.50 | $-0.06 | ||
| Q3 25 | $-0.41 | $-0.03 | ||
| Q2 25 | $-1.65 | $-0.04 | ||
| Q1 25 | $-0.56 | $-0.04 | ||
| Q4 24 | $-0.03 | $-0.19 | ||
| Q3 24 | $0.11 | $-0.22 | ||
| Q2 24 | $0.18 | $-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 | $26.9M | $39.0M |
| Total DebtLower is stronger | — | $17.7M |
| Stockholders' EquityBook value | $32.8M | $59.4M |
| Total Assets | $88.0M | $172.4M |
| Debt / EquityLower = less leverage | — | 0.30× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $39.0M | ||
| Q4 25 | $26.9M | $38.6M | ||
| Q3 25 | $36.1M | $46.2M | ||
| Q2 25 | $41.1M | $41.0M | ||
| Q1 25 | $54.7M | $41.1M | ||
| Q4 24 | $50.1M | $31.9M | ||
| Q3 24 | $52.0M | $43.7M | ||
| Q2 24 | $46.0M | $44.8M |
| Q1 26 | — | $17.7M | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | $59.4M | ||
| Q4 25 | $32.8M | $59.2M | ||
| Q3 25 | $43.1M | $59.1M | ||
| Q2 25 | $51.5M | $60.2M | ||
| Q1 25 | $85.1M | $56.1M | ||
| Q4 24 | $96.2M | $56.3M | ||
| Q3 24 | $96.4M | $69.3M | ||
| Q2 24 | $93.5M | $86.5M |
| Q1 26 | — | $172.4M | ||
| Q4 25 | $88.0M | $167.2M | ||
| Q3 25 | $100.3M | $172.5M | ||
| Q2 25 | $109.8M | $173.6M | ||
| Q1 25 | $148.7M | $172.5M | ||
| Q4 24 | $144.8M | $171.2M | ||
| Q3 24 | $146.0M | $214.9M | ||
| Q2 24 | $152.7M | $231.2M |
| Q1 26 | — | 0.30× | ||
| 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 | $-9.2M | $4.8M |
| Free Cash FlowOCF − Capex | $-9.2M | — |
| FCF MarginFCF / Revenue | -22.7% | — |
| Capex IntensityCapex / Revenue | 0.1% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-23.0M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $4.8M | ||
| Q4 25 | $-9.2M | $-1.5M | ||
| Q3 25 | $-2.2M | $6.0M | ||
| Q2 25 | $-12.3M | $344.0K | ||
| Q1 25 | $7.0M | $5.7M | ||
| Q4 24 | $-1.2M | $663.0K | ||
| Q3 24 | $7.4M | $3.3M | ||
| Q2 24 | $-8.5M | $-5.0M |
| Q1 26 | — | — | ||
| Q4 25 | $-9.2M | $-3.2M | ||
| Q3 25 | $-4.8M | $2.4M | ||
| Q2 25 | $-13.6M | $-2.9M | ||
| Q1 25 | $4.6M | $3.9M | ||
| Q4 24 | $-1.9M | $-1.8M | ||
| Q3 24 | $6.1M | $1.2M | ||
| Q2 24 | $-9.2M | $-5.8M |
| Q1 26 | — | — | ||
| Q4 25 | -22.7% | -4.0% | ||
| Q3 25 | -10.8% | 2.9% | ||
| Q2 25 | -26.5% | -3.8% | ||
| Q1 25 | 9.1% | 5.5% | ||
| Q4 24 | -3.7% | -2.7% | ||
| Q3 24 | 10.6% | 2.0% | ||
| Q2 24 | -13.9% | -8.7% |
| Q1 26 | — | — | ||
| Q4 25 | 0.1% | 2.2% | ||
| Q3 25 | 5.9% | 4.4% | ||
| Q2 25 | 2.5% | 4.2% | ||
| Q1 25 | 4.7% | 2.5% | ||
| Q4 24 | 1.5% | 3.7% | ||
| Q3 24 | 2.2% | 3.5% | ||
| Q2 24 | 1.0% | 1.3% |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 3.18× | — | ||
| Q2 24 | -2.27× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
PETS
| Reorder | $34.0M | 84% |
| New Order | $5.0M | 12% |
| Membership Fees | $1.6M | 4% |
TDUP
Segment breakdown not available.
