---
schema_version: "secwatch.filing_event.v1"
accession: "0001484778-23-000215"
form_type: "8-K"
ticker: "TDUP"
cik: "0001484778"
company_name: "ThredUp Inc."
filed_at: "2023-11-06T23:59:59+00:00"
generated_at: "2026-06-08T19:42:24.112731+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001484778-23-000215
- form_type: 8-K
- ticker: TDUP
- cik: 0001484778
- company_name: ThredUp Inc.
- filed_at: 2023-11-06T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1484778/000148477823000215/0001484778-23-000215-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1484778/000148477823000215/tdup-20231106.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001484778-23-000215
- JSON: https://secwatch.observer/filing/0001484778-23-000215.json
- Plain text: https://secwatch.observer/filing/0001484778-23-000215.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1484778/000148477823000215/0001484778-23-000215-index.htm

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