ThredUp Q2 revenue $60M (+27% YoY); gross margin expands to record 73.6%

ThredUp Inc.

2021-Q2 EPS reported -$0.54 revenue$115,639,000

Revenue of $60M, up 26.7% YoY; gross profit $44.1M (+33.7%); gross margin 73.6% vs 69.7%.
GAAP net loss $14.4M ($0.15 EPS); Adjusted EBITDA loss $9M (15.1% margin) vs $3.3M (6.9%) loss last year.
Active Buyers 1.34M (+8% YoY); Orders 1.22M (+22%).
Announced planned acquisition of European resale platform Remix; expected close Q4 2021.
Q3 guidance: revenue $60-62M, gross margin 71.5-72.5%; FY2021 revenue $236-241M.

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