ThredUp Q4 revenue $81.4M (+14% YoY); guides FY2024 to adj EBITDA breakeven on annual basis

ThredUp Inc.

Q4 revenue $81.4M (+14% YoY); net loss $14.6M improved from $19.5M loss in prior-year quarter.
Q4 Adj EBITDA loss $2.1M (2.6% margin) vs. $5.8M loss (8.2% margin) a year ago.
Full year 2023 revenue $322.0M (+12% YoY); net loss $71.2M vs. $92.3M in 2022.
Active Buyers 1.8M (+9% YoY); Orders 1.8M (+17% YoY) in Q4; annual orders 6.9M (+6%).
FY2024 guidance: revenue $340-350M; adj EBITDA margin +0.5% to +1.5%, implying first annual breakeven.

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 financial results for the quarter and full year ended December 31, 2023.

Period: the quarter and full year ended December 31, 2023
Result: reported results

Exact text from the filing

On March 4, 2024, ThredUp Inc. (the “Company”) issued a press release announcing its financial results for the quarter and full year ended December 31, 2023.

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ThredUp Inc. filing history →

Source: SEC EDGAR

accession 0001484778-24-000033

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