secwatch.observer — SEC 8-K summary
======================================

Issuer:     ThredUp Inc. (TDUP)
CIK:        0001484778
Form:       8-K
Filed at:   2023-11-06T23:59:59+00:00
Accession:  0001484778-23-000215
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1484778/000148477823000215/0001484778-23-000215-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1484778/000148477823000215/tdup-20231106.htm
  HTML page:      https://secwatch.observer/filing/0001484778-23-000215

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