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

Issuer:     ThredUp Inc. (TDUP)
CIK:        0001484778
Form:       8-K
Filed at:   2022-08-15T23:59:59+00:00
Accession:  0001484778-22-000148
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ThredUp Q2 revenue up 27% to $76.4M but GAAP net loss widens to $28.4M
----------------------------------------------------------------------

- GAAP net loss of $28.4M ($0.29 diluted EPS) vs. $14.4M ($0.15) year ago; Adjusted EBITDA loss $13.5M (-17.7% margin).
- Revenue $76.4M, consignment $48.5M (+0% YoY), product $27.9M (+145% YoY). Gross margin 68.9% vs. 73.6%.
- Active buyers 1.7M (+29% YoY), Orders 1.7M (+40% YoY). Record US gross margin of 74.2%.
- Q3 guidance revenue $64-66M, gross margin 65-67%; FY2022 revenue $283-287M, margin 67-69%.
- RaaS program adds Tommy Hilfiger, PacSun; Noelle Sadler named CMO.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1484778/000148477822000148/0001484778-22-000148-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1484778/000148477822000148/tdup-20220815.htm
  HTML page:      https://secwatch.observer/filing/0001484778-22-000148

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