secwatch.observer — SEC 8-K summary
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Issuer:     ThredUp Inc. (TDUP)
CIK:        0001484778
Form:       8-K
Filed at:   2023-05-09T23:59:59+00:00
Accession:  0001484778-23-000106
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1484778/000148477823000106/0001484778-23-000106-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1484778/000148477823000106/tdup-20230509.htm
  HTML page:      https://secwatch.observer/filing/0001484778-23-000106

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