secwatch.observer — SEC 8-K summary
======================================

Issuer:     ThredUp Inc. (TDUP)
CIK:        0001484778
Form:       8-K
Filed at:   2021-08-10T23:59:59+00:00
Accession:  0001484778-21-000072
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1484778/000148477821000072/0001484778-21-000072-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1484778/000148477821000072/tdup-20210810.htm
  HTML page:      https://secwatch.observer/filing/0001484778-21-000072

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer