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Based on a species' population size, distribution, and habitat, it may be designated as a threatened species—vulnerable, endangered, or critically endangered—if it is at high risk of extinction.

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Additional insights we found via Our World in Data
Vulnerable species are those with a greater than 10% chance of extinction in the wild within 100 years, according to a quantitative analysis.
Species are categorized as endangered if they have a small population and are experiencing rapid population decline, with analysis suggesting a greater than 20% chance of extinction within 20 years.
Critically endangered species are the most at risk of extinction in the wild, with a greater than 50% chance within 10 years.
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