ThredUp Q1 revenue $79.6M (+5% YoY); guides to positive adjusted EBITDA margin in FY2024

ThredUp Inc.

2024-Q1 EPS reported -$0.15 revenue$79,588,000

Revenue $79.6M (+5% YoY); gross margin 69.5% vs 67.3% YoY; net loss improved to $16.6M from $19.8M.
Adjusted EBITDA loss narrowed to $0.7M (margin -0.9%) from $6.6M (-8.7%) YoY.
Active Buyers 1.73M (+4%) and Orders 1.65M (+9%) YoY.
FY2024 outlook: revenue $328-338M, positive adj. EBITDA margin 2-4%, positive annual free cash flow.
Q2 2024 guided revenue $81-83M and adj. EBITDA margin 1-3%.

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 0.95

ThredUp Inc. reported the first quarter ended March 31, 2024 results: revenue $79.6 million, net income $16.6 million.

Period: the first quarter ended March 31, 2024
Revenue: $79.6 million
Net income: $16.6 million
Result: reported results

Exact text from the filing

Act, regardless of any general incorporation language in such filing. --- EX-99.1 (EX-99.1) --- ThredUp Announces First Quarter 2024 Results • First quarter revenue of $79.6 million, representing an increase of 5% year-over-year. • First quarter gross margin of 69.5% and an increase in gross profit of 8% year-over-year. • Active Buyers of 1.7 million and

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Source: SEC EDGAR

accession 0001484778-24-000070

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