secwatch.observer — SEC 8-K summary
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Issuer:     ThredUp Inc. (TDUP)
CIK:        0001484778
Form:       8-K
Filed at:   2021-11-08T23:59:59+00:00
Accession:  0001484778-21-000122
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

thredUP Q3 revenue $63.3M (+35% YoY); gross margin 73%; guides Q4 $69-71M
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- Q3 revenue $63.3M (+35% YoY); gross profit $46.1M (+41%); gross margin 73% vs 70% a year ago.
- Net GAAP loss $14.7M (23% of revenue); Adjusted EBITDA loss $7.8M (12.4% margin, improved from 15.9% loss in Q3 2020).
- Active Buyers 1.4M (+14% YoY); Orders 1.3M (+28% YoY); new RaaS programs with adidas, Crocs, Michael Stars.
- Q4 guidance: revenue $69-71M; gross margin 65-67%; Adjusted EBITDA margin loss 15-17%.
- Closed Remix acquisition in Oct to enter Europe; announced Texas distribution center to more than double capacity.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1484778/000148477821000122/0001484778-21-000122-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1484778/000148477821000122/tdup-20211108.htm
  HTML page:      https://secwatch.observer/filing/0001484778-21-000122

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