ThredUp Q1 revenue $75.9M (+4% YoY); net loss narrows to $19.8M; guides Q2 rev $80-82M

ThredUp Inc.

2023-Q1 EPS reported -$0.19 revenue$75,922,000

Revenue $75.9M, up 4% YoY from $72.7M; gross margin 67.3% vs 69.1% a year ago.
Net loss $19.8M, improved from $20.7M loss in Q1 2022; adjusted EBITDA loss $6.6M vs $13.0M.
Active buyers 1.67M (-2.7% YoY); orders 1.51M (-7.9% YoY).
Q2 2023 guidance: revenue $80-82M, gross margin 64.5-66.5%, adj. EBITDA loss margin 9.5-7.5%.
FY 2023 guidance: revenue $320-330M, gross margin 65-67%, adj. EBITDA loss margin 7.5-5.5%.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

ThredUp Inc. reported Second quarter 2023 results: revenue $80 million to $82 million.

Period: Second quarter 2023
Revenue: $80 million to $82 million
Result: guidance update

Exact text from the filing

For second quarter 2023, thredUP expects: • Revenue in the range of $80 million to $82 million

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

ThredUp Inc. reported Fiscal year 2023 results: revenue $320 million to $330 million.

Period: Fiscal year 2023
Revenue: $320 million to $330 million
Result: guidance update

Exact text from the filing

For fiscal year 2023, thredUP expects: • Revenue in the range of $320 million to $330 million

View on SEC.gov

Browse all earnings releases →

ThredUp Inc. filing history →

Source: SEC EDGAR

accession 0001484778-23-000106

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.