---
schema_version: "secwatch.filing_event.v1"
accession: "0001484778-24-000070"
form_type: "8-K"
ticker: "TDUP"
cik: "0001484778"
company_name: "ThredUp Inc."
filed_at: "2024-05-06T23:59:59+00:00"
generated_at: "2026-06-02T21:56:28.071570+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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%.

## SEC filing metadata
- accession: 0001484778-24-000070
- form_type: 8-K
- ticker: TDUP
- cik: 0001484778
- company_name: ThredUp Inc.
- filed_at: 2024-05-06T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1484778/000148477824000070/0001484778-24-000070-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1484778/000148477824000070/tdup-20240506.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001484778-24-000070
- JSON: https://secwatch.observer/filing/0001484778-24-000070.json
- Plain text: https://secwatch.observer/filing/0001484778-24-000070.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1484778/000148477824000070/0001484778-24-000070-index.htm

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