secwatch.observer — SEC 8-K summary
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Issuer:     ThredUp Inc. (TDUP)
CIK:        0001484778
Form:       8-K
Filed at:   2022-03-07T23:59:59+00:00
Accession:  0001484778-22-000033
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ThredUp Q4 revenue $72.9M (+68% YoY); guides FY22 rev $330-340M
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- Q4 revenue $72.9M (68% YoY), net loss $17.9M vs $17.0M; adjusted EBITDA loss $10.5M, margin -14.5% improved from -28.2%.
- Record Active Buyers 1.7M (+36% YoY), Orders 1.7M (+69% YoY); full-year orders 5.3M (+34%).
- Q4 gross margin 66.1% (down from 68.5%) due to Remix acquisition; full-year gross margin 70.7% (up from 68.9%).
- FY22 guidance: revenue $330-340M, gross margin 64-66%, adjusted EBITDA margin loss 13.5-15.5%.
- Remix acquisition closed Q4; new RaaS partnerships with adidas, Crocs, Michael Stars.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1484778/000148477822000033/0001484778-22-000033-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1484778/000148477822000033/tdup-20220307.htm
  HTML page:      https://secwatch.observer/filing/0001484778-22-000033

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