ThredUp Inc.
9.02-0.24 (-2.59%)
Oct 29, 4:00:01 PM EDT · NasdaqGS · TDUP · USD
Key Stats
Market Cap
1.11BP/E (TTM)
-Basic EPS (TTM)
-0.25Dividend Yield
0%Recent Filings
10-Q
Q2 FY2025 results
ThredUp's revenue climbed 16.4% year over year to $77.7 million in Q2 ended June 30, 2025, fueled by a 20.8% jump in orders to 1.5 million, while gross margin edged up 0.7 points to 79.5% on lower cost of goods. Operating loss narrowed to $5.2 million from $9.6 million a year earlier, thanks to tighter sales, general, and administrative spending, though marketing rose 22.2% to chase growth. Cash from continuing operations hit $6.1 million year to date, lifting cash and equivalents to $41.0 million, with $20.3 million in term debt at 9.71% effective rate and $22.5 million undrawn capacity. The Remix divestiture in November 2024 sharpened focus on core U.S. operations. Non-GAAP Adjusted EBITDA from continuing operations, reconciled in the 10-Q, reached $3.0 million. Yet competition in resale remains fierce.
8-K
ThredUp Q2 revenue surges 16%
ThredUp posted record Q2 revenue of $77.7 million, up 16% year-over-year, fueled by 17% growth in active buyers to 1.47 million and 21% in orders. Gross margin expanded to 79.5%, driving adjusted EBITDA to $3.0 million from $1.5 million last year, while narrowing losses to $5.2 million. AI enhancements boosted new buyer acquisition 74%. The company raised its full-year revenue outlook to $298–$302 million, but economic uncertainty looms.
8-K
ThredUp elects directors, ratifies auditors
ThredUp's stockholders overwhelmingly elected Ian Friedman, Timothy Haley, and Coretha Rushing as Class I directors at the May 21, 2025, annual meeting, with each receiving over 195 million votes for terms until 2028. They also ratified Deloitte & Touche LLP as independent auditors for the fiscal year ending December 31, 2025, passing with 228 million votes in favor. Strong turnout signals board stability. No controversies surfaced.
10-Q
Q1 FY2025 results
ThredUp's revenue climbed 10.5% year over year to $71.3 million in Q1 ended March 31, 2025, fueled by 16.1% more orders and 5.7% additional active buyers, while gross margin dipped to 79.1% from higher shipping and labor costs. Operating loss narrowed sharply to $5.4 million from $12.4 million, thanks to cuts in operations and administrative expenses post-reorganization. Cash from operations hit $5.7 million, up 74.7%, with $41.1 million in cash equivalents and $21.0 million outstanding on its term loan maturing July 2027 at 9.71% effective rate; $22.5 million remains available for equipment. Divested European operations in November 2024, recognizing no material goodwill. Non-GAAP Adjusted EBITDA from continuing operations reached $3.8 million, defined as loss from continuing operations plus stock-based compensation, depreciation, interest, taxes, and adjustments for reorganization and gains. Yet competition in resale squeezes margins further.
8-K
ThredUp Q1 beats, raises guidance
ThredUp posted Q1 2025 revenue of $71.3 million, up 10% year-over-year, with gross margin at 79.1% and active buyers hitting 1.37 million, fueled by 95% new buyer growth. Adjusted EBITDA from continuing operations climbed to $3.8 million, or 5.3% of revenue, narrowing losses to $5.2 million. The company raised its full-year outlook to $281-291 million in revenue and 4.0% Adjusted EBITDA margin, while launching AI-driven Shop Social and a fee-free branded resale platform. New buyers surged 95%. Yet tariff risks loom over fast fashion competition.
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