TDUP
ThredUp Inc.7.70
-0.27-3.39%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Key Stats
Market Cap
963.59MP/E (TTM)
-Basic EPS (TTM)
-0.19Dividend Yield
0%Recent Filings
8-K
Appoints Battles to board, Audit chair
ThredUp appointed Kelly Bodnar Battles to its board as Class II director and Audit Committee chair, effective December 1, 2025. The financial governance veteran, with 35+ years at high-growth firms like Quora and Cisco, bolsters oversight amid accelerated growth into an AI-first resale marketplace. No related transactions disclosed. Her expertise sharpens financial controls.
8-K
Q3 revenue jumps 34%
ThredUp posted Q3 revenue of $82.2 million, up 34% year-over-year, with gross margin steady at 79.4% and active buyers hitting 1.57 million, up 26%. Losses narrowed to $4.2 million from $10.4 million last year; Adjusted EBITDA swung to $3.8 million. Revenue growth accelerates. It raised FY2025 outlook to $307-309 million.
10-Q
Q3 FY2025 results
ThredUp's Q3 revenue jumped 33.6% y/y to $82.2M on 37.2% order growth to 1.608M, while gross margin held steady at 79.4%. Operating loss narrowed to $4.4M from $10.5M y/y, thanks to operating leverage. Cash from continuing operations hit $12.1M YTD, boosting cash to $46.2M with $19.3M Term Loan debt (due 2027, 9.45% effective); $22.5M remains available. Remix divestiture cleaned up prior losses. Buyers grew 25.6% y/y. Non-GAAP Adjusted EBITDA not fully reconciled in 10-Q. Intense competition shadows scale gains.
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.
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.
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