In 2025, a handful of small-cap growth stocks saw massive rebounds as consumer spending held up and select tech-enabled retailers outperformed. U.S. e‑commerce holiday sales are expected to rise 7% to 9% this year, reflecting resilient demand. Within this environment, discount and resale platforms have thrived.
One of the most surprising winners in 2025 has been ThredUp (TDUP), a secondhand apparel platform that has quietly transformed itself from a cash-burning niche retailer into a fast-improving resale infrastructure business. Shares of ThredUp have surged roughly 340% this year as investors reassessed its improving revenue trends, expanding margins, and path toward profitability.
