secwatch.observer — SEC 8-K summary
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Issuer:     ThredUp Inc. (TDUP)
CIK:        0001484778
Form:       8-K
Filed at:   2023-03-06T23:59:59+00:00
Accession:  0001484778-23-000054
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ThredUp Q4 revenue $71.3M (-2% YoY); net loss $19.5M; guides Q1 rev $71-73M
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- Q4 revenue $71.3M, down 2% YoY; gross margin 63.1% vs 66.1% prior year.
- GAAP net loss $19.5M (27.3% of revenue) vs $17.9M (24.6%) in Q4 2021.
- Adjusted EBITDA loss improved to $5.8M (8.2% margin) from $10.5M (14.5%).
- Active Buyers 1.65M (-2.4% YoY); Orders 1.55M (-8.2% YoY).
- FY2023 guidance: revenue $310-320M, gross margin 66-68%, adj EBITDA loss margin 8-6%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1484778/000148477823000054/0001484778-23-000054-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1484778/000148477823000054/tdup-20230306.htm
  HTML page:      https://secwatch.observer/filing/0001484778-23-000054

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