ThredUp Q3 revenue up 21% to $82M; US business reaches adjusted EBITDA breakeven

ThredUp Inc.

2023-Q3 EPS reported -$0.54 revenue$240,629,000

Revenue $82.0M (+21% YoY); gross margin 69.0% vs 65.5% a year ago; net loss narrowed to $18.1M from $23.7M.
Adjusted EBITDA loss improved to $3.6M (4.4% of revenue) from $11.0M (16.2%) in Q3 2022.
US business achieved adjusted EBITDA breakeven for first time; Active Buyers up 4%, Orders up 11% YoY.
Added RaaS clients Beyond Yoga, Smartwool, Journeys; recognized as TIME 100 Most Influential Companies.
Q4 2023 guidance: revenue $79-81M; adj. EBITDA loss margin 2-0%; FY2023 revenue $319.5-321.5M.

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 third quarter ended September 30, 2023 results: revenue $82.0 million, net income $18.1 million. Guidance initiated.

Period: third quarter ended September 30, 2023
Revenue: $82.0 million
Net income: $18.1 million
Guidance: initiated
Result: reported results

Exact text from the filing

the Securities Act of 1933, as amended, or the Exchange Act, regardless of any general incorporation language in such filing. --- EX-99.1 (EX-99.1) --- • Quarterly revenue of $82.0 million, representing an increase of 21% year-over-year. • U.S. business reached quarterly adjusted EBITDA breakeven for first time in company’s history. • Third quarter gross margin of

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Source: SEC EDGAR

accession 0001484778-23-000215

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