Levi & Korsinsky Notifies Investors of Pending Investigation Into Securities Claims Involving ThredUp (TDUP)
ThredUp posted a second-quarter GAAP loss of $0.05 per share against a consensus estimate of a $0.03 loss, while also reducing its full-year revenue outlook and the stock sold off. Levi & Korsinsky is investigating potential securities law violations on behalf of TDUP investors
NEW YORK, Aug. 13, 2026 (GLOBE NEWSWIRE) -- A $0.03 per-share consensus estimate met a $0.05 per-share GAAP loss, and ThredUp, Inc. (NASDAQ: TDUP) shareholders absorbed the difference when shares sold off following the Company's second-quarter report. If you lost money on TDUP, you are encouraged to have your losses reviewed at no cost. You may also contact Joseph E. Levi, Esq. via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500.
Revenue for the quarter rose 16.9% to approximately $90.8 million -- roughly in line with Street expectations. The bottom line fell short, with a reported GAAP loss of $0.05 per share, compared with the $0.03 loss analysts expected.
Alongside the miss, ThredUp reduced its full-year revenue outlook and pointed to a more price-sensitive customer, quantifying approximately $7 million of promotional headwinds in the second half. Levi & Korsinsky is investigating potential securities law violations on behalf of ThredUp investors.
Shareholders who purchased TDUP and sold at a loss, or who continue to hold shares purchased at higher prices, may submit their information for a free case evaluation or call (212) 363-7500.
ABOUT THE FIRM -- For over two decades, Levi & Korsinsky has represented shareholders in securities class actions. Ranked in ISS Top 50 for seven consecutive years.
Frequently Asked Questions About the TDUP Investigation
Q: How much did TDUP stock drop? A: Shares declined after ThredUp reported a second-quarter GAAP loss of $0.05 per share, versus a $0.03 consensus estimate, and cut its full-year revenue outlook. Management attributed the reduction to a more price-sensitive customer base and approximately $7 million in promotional headwinds expected during the second half of 2026.
Q: Who is eligible to participate in the TDUP investigation? A: Investors who purchased TDUP stock or securities and suffered financial losses may be eligible. Eligibility is based on purchase date and documented losses -- not on whether you still hold the shares.
Q: Who is conducting the TDUP investigation? A: Levi & Korsinsky, LLP is investigating potential securities fraud claims on behalf of investors who purchased TDUP securities. The firm is nationally recognized, ranked in the ISS Top 50 for seven consecutive years, and has recovered hundreds of millions of dollars for aggrieved investors.
Q: What do TDUP investors need to do right now? A: Gather brokerage records including purchase dates, share quantities, and prices paid. Contact Levi & Korsinsky for a free, no-obligation evaluation at jlevi@levikorsinsky.com or (212) 363-7500. No immediate action is required to remain eligible to participate in the investigation.
Q: What documents do I need to participate? A: Brokerage statements or trade confirmations showing purchase dates, share quantities, prices paid, and any subsequent sale dates and prices.
Q: What if I already sold my TDUP shares -- can I still recover losses? A: Yes. Eligibility is based on when you purchased, not whether you still hold the shares. Investors who bought TDUP and sold at a loss may still participate in the investigation.
Q: What if my TDUP losses are small -- is it still worth contacting a lawyer? A: Yes. There is no minimum loss amount required to participate in the investigation.
Q: What does it cost me to participate? A: There is no upfront cost to participate. Securities investigations and any resulting actions are generally handled on a contingency basis. No upfront fees, no retainer, and no out-of-pocket costs.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 27th Floor
New York, NY 10004
Tel: (212) 363-7500
Fax: (212) 363-7171
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