---
schema_version: "secwatch.filing_event.v1"
accession: "0001484778-23-000106"
form_type: "8-K"
ticker: "TDUP"
cik: "0001484778"
company_name: "ThredUp Inc."
filed_at: "2023-05-09T23:59:59+00:00"
generated_at: "2026-06-15T08:50:28.246643+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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%.

## SEC filing metadata
- accession: 0001484778-23-000106
- form_type: 8-K
- ticker: TDUP
- cik: 0001484778
- company_name: ThredUp Inc.
- filed_at: 2023-05-09T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1484778/000148477823000106/0001484778-23-000106-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1484778/000148477823000106/tdup-20230509.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001484778-23-000106
- JSON: https://secwatch.observer/filing/0001484778-23-000106.json
- Plain text: https://secwatch.observer/filing/0001484778-23-000106.txt

## Key facts
- Earnings Releases
  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
  source text: For second quarter 2023, thredUP expects: • Revenue in the range of $80 million to $82 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1484778/000148477823000106/0001484778-23-000106-index.htm
- Earnings Releases
  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
  source text: For fiscal year 2023, thredUP expects: • Revenue in the range of $320 million to $330 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1484778/000148477823000106/0001484778-23-000106-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.